证券代码：300127 证券简称：银河磁体 公告编号：2025-045 成都银河磁体股份有限公司（以下简称"上市公司"或"公司"）于2025年9月27 日披露了《成都银河磁体股份有限公司发行股份及支付现金购买资产并募集配套资金预 案》（以下简称"重组预案"）及其摘要，并对本次交易涉及的有关风险因素及尚需履 行的审批程序进行了详细说明，提请广大投资者关注后续进展公告并注意投资风险。 截至本公告披露日，本次交易相关审计、评估等工作尚在推进中，本次交易相关方 尚需就交易方案进行进一步磋商，仍然存在不确定性。除重组预案中披露的有关风险因 素外，公司尚未发现可能导致公司董事会或者交易对方撤销、中止本次交易或者对本次 交易方案作出实质性变更的相关事项。公司将根据相关事项的进展情况及时履行信息披 露义务。 一、本次交易概述 公司拟通过发行股份及支付现金的方式向宁波华强睿哲创业投资合伙企业（有限合 伙）、唐明星、徐刚、福州启赋新材创业投资合伙企业（有限合伙）、宁波华强睿华投 资合伙企业（有限合伙）、成都龙泰聚力企业管理合伙企业（有限合伙）、成都龙泰众 锦企业管理合伙企业（有限合伙）、成都衡通企业管理合伙企业（有限合伙）、北京 ...

龙磁科技涨超10%，大地熊、广晟有色、钢研纳克、中科磁业、银河磁体、正海磁材等跟涨。 (本文来自第一财经) ...

Core Viewpoint - Galaxy Magnet's stock price has shown a significant increase this year, with a year-to-date rise of 32.48%, despite some fluctuations in the short term [1][2]. Financial Performance - For the period from January to September 2025, Galaxy Magnet achieved a revenue of 614 million yuan, representing a year-on-year growth of 3.98% [2]. - The net profit attributable to shareholders for the same period was 145 million yuan, reflecting a year-on-year increase of 27.55% [2]. Stock Market Activity - As of November 19, Galaxy Magnet's stock price was 32.10 yuan per share, with a market capitalization of 10.373 billion yuan [1]. - The stock has seen a trading volume of 126 million yuan on the same day, with a turnover rate of 1.73% [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) three times this year, with the most recent appearance on October 14 [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Galaxy Magnet was 37,900, a decrease of 11.56% from the previous period [2]. - The average number of circulating shares per shareholder increased by 13.07% to 6,082 shares [2]. - Notable institutional holdings include the 嘉实中证稀土产业ETF, which is the fifth-largest shareholder with 1.3771 million shares, an increase of 719,800 shares from the previous period [3].

Group 1 - The core point of the news is that Galaxy Magnetics experienced a decline of 5.01% in its stock price, reaching 32.77 CNY per share, with a trading volume of 230 million CNY and a turnover rate of 3.00%, resulting in a total market capitalization of 10.59 billion CNY [1] - Galaxy Magnetics, established on March 23, 2001, and listed on October 13, 2010, is located in Chengdu, Sichuan Province, and specializes in the research, production, and sales of samarium-cobalt magnets, hot-pressed neodymium-iron-boron magnets, and bonded neodymium-iron-boron rare earth magnetic components, with 100% of its main business revenue coming from rare earth permanent magnets [1] Group 2 - Among the top ten circulating shareholders of Galaxy Magnetics, a fund under Harvest Fund Management holds a significant position, with the Harvest CSI Rare Earth Industry ETF (516150) increasing its holdings by 719,800 shares to a total of 1.3771 million shares, representing 0.6% of the circulating shares, incurring an estimated floating loss of approximately 2.3824 million CNY [2] - The Harvest CSI Rare Earth Industry ETF (516150) was established on March 9, 2021, with a current scale of 7.648 billion CNY, achieving a year-to-date return of 79.71%, ranking 57 out of 4216 in its category, and a one-year return of 76.74%, ranking 51 out of 3894, with an overall return since inception of 84.85% [2]

Market Overview - The metal new materials sector experienced a decline of 3.25% on October 31, with AnTai Technology leading the drop [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Shenzhen New Star (603978) with a closing price of 26.55, up 4.53% on a trading volume of 260,000 shares and a turnover of 706 million yuan [1] - Youyan Powder Materials (688456) closed at 48.70, up 2.79% with a trading volume of 17,500 shares and a turnover of 85.36 million yuan [1] - Major decliners included: - AnTai Technology (000969) closed at 21.24, down 8.65% with a trading volume of 2,030,300 shares and a turnover of 440.3 million yuan [2] - Jinli Permanent Magnet (300748) closed at 39.18, down 6.87% with a trading volume of 792,000 shares and a turnover of 3.137 billion yuan [2] Capital Flow - The metal new materials sector saw a net outflow of 1.629 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.477 billion yuan [2] - The capital flow for specific stocks showed mixed results, with some stocks experiencing significant outflows from institutional and speculative investors [3]

Core Viewpoint - The rare earth permanent magnet industry has shown varied performance in Q3, with upstream companies benefiting from strong price increases, while midstream magnet manufacturers face challenges despite demonstrating resilience in growth [1] Group 1: Upstream Performance - Rare earth product prices have significantly increased, with the average price of praseodymium and neodymium oxide reaching 561.5 yuan per kilogram by September 30, marking a 41% increase since the beginning of the year [2] - Major rare earth resource companies reported substantial profit growth in Q3, with Guangxi Chuangsheng Nonferrous Metals, Shenghe Resources, and Northern Rare Earth seeing net profit increases of 240.56%, 166.31%, and 85.91% respectively [2] - Cash flow analysis indicates that upstream companies have stronger bargaining power and cash flow compared to downstream magnet manufacturers, reflecting higher profit quality [2] Group 2: Midstream Magnet Manufacturers - Despite facing policy uncertainties and market volatility, leading domestic magnet companies exhibited strong profit resilience in Q3, with significant growth in non-recurring net profits [4] - Companies like Ningbo Yunsheng, Jinli Permanent Magnet, and Zhenghai Magnetic Materials reported impressive non-recurring net profit growth rates of 621.23%, 254.98%, and 165.39% respectively [4] - The performance improvement in magnet companies is attributed to the release of new production capacity and the exploration of emerging markets [4][5] Group 3: Operational Challenges - Many companies experienced longer inventory turnover days compared to previous years, indicating potential operational challenges [6] - Some companies reported cash flow pressures, with net cash ratios falling below 1 or even negative, highlighting financial strain despite positive profit levels [6] - The overall performance of magnet companies in Q3 serves as evidence of their ability to grow amidst a complex environment [6]

Core Viewpoint - The rare earth permanent magnet industry has shown varied performance in Q3, with upstream companies benefiting from strong product price increases, while midstream magnet manufacturers face challenges but demonstrate resilience through diverse strategies [1][2]. Group 1: Upstream Performance - Rare earth product prices have significantly increased, with the average price of praseodymium and neodymium oxide reaching 561.5 RMB/kg, a 41% rise since the beginning of the year [2]. - Major upstream companies like Guangsheng Nonferrous, Shenghe Resources, and Northern Rare Earth reported substantial increases in net profit, with year-on-year growth rates of 240.56%, 166.31%, and 85.91% respectively [2][4]. - Northern Rare Earth achieved historical highs in production and sales across its three main product categories [4]. Group 2: Midstream Magnet Manufacturers - Leading magnet companies such as Ningbo Yunsheng, Jinli Permanent Magnet, and Zhenghai Magnetic Materials reported impressive net profit growth rates of 621.23%, 254.98%, and 165.39% respectively in Q3 [1][5]. - Jinli Permanent Magnet attributed its growth to the steady release of new production capacity and strong performance in the electric vehicle and energy-saving sectors, with sales revenue reaching 2.615 billion RMB and 1.446 billion RMB respectively [5][6]. - Ningbo Yunsheng's profit growth was linked to improved gross margins and a strong market position in the domestic new energy vehicle sector, holding a 23% market share [6]. Group 3: Challenges and Concerns - Despite strong performance, many companies face challenges such as increased inventory turnover days and cash flow pressures, with some companies reporting net cash ratios below 1 or even negative [7]. - The uncertainty in policies and market conditions has led to longer inventory turnover days for several companies, indicating potential operational challenges ahead [7]. - The overall positive net profit levels in Q3 provide evidence of the magnet industry's ability to grow despite a complex environment [7].

Market Overview - The metal new materials sector increased by 0.35% on October 30, with Zhongke Magnetic leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Top Performers - Zhongke Magnetic (301141) closed at 63.64, up 5.71% with a trading volume of 120,400 shares and a transaction value of 774 million [1] - Jinyi Yongci (300748) closed at 42.07, up 4.81% with a trading volume of 1,244,400 shares and a transaction value of 5.206 billion [1] - Yinhe Magnetic (300127) closed at 36.75, up 3.90% with a trading volume of 303,700 shares and a transaction value of 1.115 billion [1] Underperformers - Jiangnan New Materials (603124) closed at 88.22, down 6.30% with a trading volume of 40,500 shares and a transaction value of 367 million [2] - Zhengke Materials (600255) closed at 3.72, down 3.63% with a trading volume of 741,100 shares and a transaction value of 279 million [2] - Zhongzhou Special Materials (300963) closed at 22.51, down 3.51% with a trading volume of 404,000 shares and a transaction value of 922 million [2] Capital Flow - The metal new materials sector saw a net inflow of 238 million from institutional investors, while retail investors experienced a net outflow of 116 million [2] - Major stocks like Jinyi Yongci and Ningbo Yunsheng had significant capital movements, with Jinyi Yongci seeing a net inflow of 1.47 billion from institutional investors [3]

Core Viewpoint - The rare earth permanent magnet sector experienced a significant surge on October 30, with notable increases in stock prices for several companies, indicating a potential bullish trend in the industry [1]. Group 1: Market Performance - The rare earth permanent magnet sector saw a sudden rise, with Jiuling Technology increasing over 20% and Zhongke Magnetic Industry rising over 13% [1]. - Other companies such as Benlang New Materials, Galaxy Magnet, and Jinli Permanent Magnet also experienced gains, contributing to a positive market sentiment [1]. Group 2: Company Financials - Jiuling Technology reported a total revenue of 116 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 7.87%. However, the net profit attributable to shareholders decreased by 24.29% to 13.47 million yuan [4].

Core Viewpoint - Galaxy Magnetics experienced a 5.65% increase in stock price, reaching 37.37 CNY per share, with a trading volume of 403 million CNY and a turnover rate of 4.91%, resulting in a total market capitalization of 12.076 billion CNY [1] Company Overview - Chengdu Galaxy Magnetics Co., Ltd. is located at No. 608, Baicao Road, West District, High-tech Zone, Chengdu, Sichuan Province, established on March 23, 2001, and listed on October 13, 2010 [1] - The company's main business involves the research, production, and sales of samarium-cobalt magnets, hot-pressed neodymium-iron-boron magnets, and bonded neodymium-iron-boron rare earth magnetic components, with 100% of its revenue derived from rare earth permanent magnets [1] Shareholder Information - Among the top ten circulating shareholders of Galaxy Magnetics, one fund from Jiashi Fund holds a significant position. The Jiashi CSI Rare Earth Industry ETF (516150) increased its holdings by 719,800 shares, totaling 1.3771 million shares, which accounts for 0.6% of the circulating shares [2] - The Jiashi CSI Rare Earth Industry ETF (516150) was established on March 9, 2021, with a current scale of 7.648 billion CNY. It has achieved a year-to-date return of 83.26%, ranking 70 out of 4,216 in its category, and a one-year return of 84.42%, ranking 67 out of 3,885 [2]