Core Viewpoint - The diamond industry is experiencing significant changes as De Beers, the largest natural diamond producer, has announced substantial price reductions for diamonds over 0.75 carats, marking the first explicit price cut in over a year, driven by the rise of lab-grown diamonds and changing consumer preferences [1][7][12]. Group 1: Market Performance - The cultivated diamond sector showed strong performance on January 27, with stocks like Huanghe Xuanfeng hitting the daily limit, and others like Sifangda and Huifeng Diamond rising over 8% [1]. - Huanghe Xuanfeng's stock price reached 7.16, reflecting a 9.98% increase, while Sifangda and Huifeng Diamond saw increases of 8.37% and 8.29%, respectively [2]. Group 2: Price Adjustments by De Beers - De Beers has implemented a significant price reduction for mid to high-end natural diamonds, with a cumulative price drop of 40% for mainstream products in 2023 and further reductions planned for 2024 and 2025 [8][10]. - The price adjustments are a response to market changes, including high inflation and economic uncertainty, which have suppressed demand for high-end discretionary spending [12]. Group 3: Rise of Lab-Grown Diamonds - Lab-grown diamonds are increasingly penetrating the mid-range and wedding markets, posing a dual challenge to natural diamonds in terms of price and perceived value [12]. - The production of lab-grown diamonds has scaled significantly, with China being a major player, accounting for approximately 63% of global production capacity [20]. - The market for lab-grown diamonds in China is currently valued at around 14 billion, projected to exceed 102.5 billion by 2030, indicating a transformative shift in consumer preferences [20]. Group 4: Consumer Trends - Lab-grown diamonds are appealing to younger consumers due to their affordability, costing about one-tenth of the price of comparable natural diamonds [16][17]. - The rapid production of lab-grown diamonds, which can be created in as little as one week, contrasts sharply with the lengthy natural diamond formation process [15].

Core Viewpoint - The A-share market has seen a significant rally in synthetic diamond concept stocks, indicating growing investor interest in this sector [1] Group 1: Stock Performance - Huanghe Xuanfeng and China Gold both reached the daily limit up, showcasing strong market confidence [1] - Sifangda increased by over 9%, while Huifeng Diamond rose by 7%, reflecting positive momentum in the sector [1] - Power Diamond and Guoji Jinggong both saw gains of over 4%, and Mankalon increased by nearly 4%, indicating widespread strength among synthetic diamond stocks [1]

Core Viewpoint - The A-share market is witnessing a strong performance in the synthetic diamond sector, with several stocks experiencing significant gains [1] Group 1: Stock Performance - Huanghe Xuanfeng and China Gold both reached the daily limit up, indicating a strong bullish trend [1] - Sifangda saw an increase of over 9%, while Huifeng Diamond rose by 7% [1] - Power Diamond and Guoji Jinggong both increased by over 4%, and Mankalon rose nearly 4% [1]

Group 1 - The cultivated diamond sector showed strength in early trading, with Sifangda reaching a new high, and Huanghe Xuanfeng hitting the daily limit, while Huifeng Diamond, Liliang Diamond, and World also saw gains [2][3] - Sifangda's stock price increased by 12.09% to 21.70, with a five-day increase of 28.33% [3] - Huanghe Xuanfeng's stock rose by 9.98% to 7.16, with a five-day increase of 14.74% [3] - Huifeng Diamond's stock price increased by 9.90% to 41.61, with a five-day increase of 16.49% [3] - China Gold's stock rose by 9.76% to 11.13, with a five-day increase of 33.73% [3] - Liliang Diamond's stock price increased by 6.25% to 42.85, with a five-day increase of 9.42% [3] - World’s stock price rose by 4.64% to 104.83, with a five-day increase of 30.55% [3] Group 2 - The focus is on monitoring intraday hot spots and capturing signals of sector movements, while tracking the direction of main capital flows [5]

培育钻石、超硬材料板块盘初走强，四方达盘中创新高，黄河旋风涨停，惠丰钻石涨超10%，力量钻 石、沃尔德、国机精工、博云新材、中兵红箭跟涨。 ...

Company Performance - The stock price of Sifangda reached a historical high, increasing by 9.24% to 20.80 yuan, with a trading volume of 47.4245 million shares and a transaction value of 931 million yuan, resulting in a turnover rate of 12.68% [2] - The latest total market capitalization of Sifangda in A-shares is 10.103 billion yuan, with a circulating market value of 7.779 billion yuan [2] - The company reported a revenue of 407 million yuan for the first three quarters, representing a year-on-year growth of 2.13%, while net profit decreased by 36.62% to 59.5635 million yuan, with basic earnings per share of 0.1226 yuan and a weighted average return on equity of 4.91% [2] Industry Overview - The mechanical equipment industry, to which Sifangda belongs, experienced an overall decline of 1.06%, with 137 stocks rising and 453 stocks falling [2] - Among the stocks in the industry, notable gainers include Chongde Technology and Baida Precision, while major decliners include Haozhi Electromechanical, Yuejian Intelligent, and Shaoyang Hydraulic, with declines of 10.66%, 10.00%, and 9.89% respectively [2] Financing Data - As of January 23, the latest margin trading balance for Sifangda is 493 million yuan, with a financing balance of 493 million yuan, reflecting an increase of 113 million yuan over the past 10 days, which is a 29.67% increase [2]

Core Viewpoint - The company, Sifangda, is actively engaging with institutional investors, focusing on its advancements in diamond heat dissipation and PCD micro-drill products, indicating a strong market interest and potential growth opportunities. Group 1: Diamond Industry - Sifangda specializes in the research and development of diamond technologies, particularly in the CVD diamond industry chain, with proprietary MPCVD synthesis and processing equipment, and has developed multiple patents [1][3] - The company has the capability to produce large-size (12-inch) diamond substrates and films in bulk, leveraging the advantages of diamond such as wide bandgap, high breakdown field strength, and high thermal conductivity for applications in optical windows, chip heat sinks, semiconductors, and power devices [1][3] Group 2: PCD Micro-Drill Products - Sifangda emphasizes the importance of R&D for PCD micro-drill products, which are characterized by long lifespan, high processing precision, and good surface finish, aiming to reduce domestic high-end manufacturing reliance on imported precision tools [2] - The company is exploring applications of PCD micro-drills in high-end manufacturing sectors such as PCB boards, while continuously optimizing product performance [2] Group 3: Market Trends and Strategy - In the resource extraction and engineering construction sector, domestic economic recovery is driving growth in oil and gas consumption, with a positive outlook for the domestic oilfield service market [2] - The company plans to enhance its market competitiveness by optimizing strategies for oil composite sheets and expanding its presence in both domestic and international markets [4] - In the precision processing sector, Sifangda aims to capitalize on the rapid growth of the new energy vehicle market and the trend of import substitution to increase sales of super-hard tools [4] Group 4: Future Outlook - Sifangda intends to accelerate the industrialization of CVD diamonds, dynamically adjusting production capacity based on market demand, and innovating marketing models [4] - The company is committed to maintaining high R&D investment and expanding market development efforts, with a focus on steady growth in composite super-hard materials and stable operations in the CVD diamond business [4]

调研基本情况 2026年1月22日下午15:00-16:00，河南四方达超硬材料股份有限公司（以下简称"公司"）以"公司会议室 结合线上会议"形式开展投资者关系活动，活动类别为"特定对象调研"及"其他（电话会议）"。南方基 金、国海证券、易方达基金、财通证券、浙商证券等5家机构参与本次调研，公司董事会秘书兼财务总 监李炎臻、职工董事兼证券事务代表杨易硕负责接待并与机构就业务进展等问题进行交流。 核心交流要点 自研CVD设备优势：降本增效与工艺迭代双驱动 金刚石散热领域：技术积累与批量制备能力凸显 针对机构关注的金刚石散热领域进展，公司表示，金刚石因禁带宽大、击穿场强高、热导率高等特性， 在光学窗口、芯片热沉、半导体及功率器件等领域应用潜力显著。作为国内设备规模优势明显的CVD 金刚石厂商，公司已拥有自主知识产权的MPCVD合成及加工设备技术和CVD金刚石生长工艺技术，目 前已具备批量制备能力。 PCD微钻产品：聚焦高端制造进口替代 在PCD微钻产品进展方面，公司称高度重视相关研发，目前已具备生产适用于特定需求的微钻钻针的能 力。该产品具有寿命长、加工精度高及光洁度好等特点，未来有望逐步降低国内高端制造业对进口 ...

（记者 王晓波） 每经头条（nbdtoutiao）——特朗普强要格陵兰岛，丹麦一养老基金率先清仓美债，美国资产全线下 跌！欧洲手握"金融核按钮"，双方会"鱼死网破"吗？专家解读→ 每经AI快讯，四方达发布公告称，2026年1月22日，四方达接受南方基金等投资者调研，公司董事会秘 书兼财务总监李炎臻、职工董事兼证券事务代表杨易硕参与接待，并回答了投资者提出的问题。 ...

Core Viewpoint - The company, Sifangda, has developed its own MPCVD equipment for producing CVD diamonds, which significantly reduces procurement costs and supply chain uncertainties while enhancing production efficiency and adaptability [1] Group 1: Cost and Supply Chain - The self-developed MPCVD equipment allows the company to lower procurement expenses and avoid uncertainties associated with external equipment suppliers [1] - This approach leads to a more stable supply chain and cost management [1] Group 2: Production Efficiency - The equipment is tailored to meet actual production needs, which helps improve production efficiency [1] - Enhanced adaptability in processing is achieved through the use of this equipment [1] Group 3: Research and Development - The company benefits from high flexibility in research and development, enabling rapid iteration of process solutions [1] - Continuous enhancement of product differentiation competitiveness is supported by this R&D flexibility [1]