Company Overview - Shanghai Sanguang Electric Alloy Co., Ltd. relocated its production base to Jiangsu Taixing City on November 3, 2018, focusing on the production of nickel-chromium alloys, iron-chromium alloys, and various forms such as wires, strips, and foils [3] - The company also manufactures high and low-temperature thermocouple wires, including K, T, N, J types, as well as S, R, B thermocouple platinum-rhodium wires and various platinum, gold, and silver products [3] Product and Service Commitment - The company emphasizes market demand and product development, supported by a strong team for market expansion and new product development [3] - It operates a dual sales model, separating domestic and international sales to encourage competition [3] - A two-year free replacement warranty is offered for all products, regardless of the cause of damage, along with technical guidance within reasonable limits [3] Industry Event Participation - The company is participating in the 21st China (Shanghai) International Heat Treatment Industrial Furnace Exhibition in December 2025, highlighting the importance of the event for industry visibility and networking [3]

Market Overview - On August 14, the industrial metals sector declined by 0.45%, with electrical alloys leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Stock Performance - Notable gainers in the industrial metals sector included: - Jintian Co., Ltd. (601609) with a closing price of 10.35, up 9.99% [1] - Yian Technology (300328) at 13.31, up 3.02% with a trading volume of 1.31 million shares and a turnover of 1.768 billion [1] - Mengmei New Materials (002988) at 46.27, up 2.25% with a trading volume of 66,600 shares and a turnover of 308 million [1] - Major decliners included: - Electrical Alloy (300697) at 15.62, down 5.33% with a trading volume of 400,500 shares and a turnover of 641 million [2] - Hesheng Co., Ltd. (002824) at 18.54, down 4.73% with a trading volume of 182,600 shares and a turnover of 343 million [2] - Lidao New Materials (603937) at 11.47, down 4.26% with a trading volume of 314,000 shares and a turnover of 380 million [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.389 billion from institutional investors, while retail investors saw a net inflow of 1.143 billion [2][3] - Specific stock capital flows indicated: - Yian Technology (300328) had a net inflow of 138.579 million from institutional investors [3] - Electrical Alloy (300697) saw a net outflow of 142 million from institutional investors [3]

Group 1: Market Performance - The three major indices showed strong performance, with the Shanghai Composite Index rising by 0.48%, surpassing last year's October high, while the Shenzhen Component Index increased by 1.76% and the ChiNext Index surged by 3.62% [1] - Over 2,600 stocks in the two markets experienced gains, with a total trading volume of approximately 2.15 trillion yuan [1] Group 2: Sector Highlights - The computing power, liquid cooling servers, and CPO concept stocks performed exceptionally well, with New Yisheng (300502.SZ) rising over 15%, and other notable gains from Zhongji Xuchuang (300308.SZ) at 11.66% and Cambridge Technology (603083.SH) at 9.93% [1] - PEEK materials saw collective strength, with companies like Huami New Materials (836247.BJ) and Xinhang New Materials (301076.SZ) experiencing significant increases [2] - The non-ferrous metals sector also performed well, with Electric Alloy (300697.SZ) rising over 9% and other companies like Luoyang Molybdenum (603993.SH) and Zhongfu Industrial (600595.SH) showing strong gains [2] Group 3: Economic Insights - Citic Securities noted that poor economic and employment data in the U.S. strengthened market expectations for a Federal Reserve rate cut in September, contributing to a broad rise in the non-ferrous metals sector [3] - The domestic push for "anti-involution" to optimize production factors is expected to enhance profitability across various sectors, benefiting metal prices [3] - The valuation of industrial metals is currently low, indicating potential for upward correction, with a bullish market for non-ferrous metals starting to emerge [3] Group 4: Policy and Market Sentiment - Dongguan Securities highlighted active market sentiment, suggesting an overweight position in the financial sector due to supportive policies aimed at enhancing the attractiveness of domestic capital markets [4] - The number of new A-share accounts opened in July reached 1.96 million, a significant year-on-year increase of 71%, indicating rising market participation and potential business opportunities for the securities industry [4] - Some sectors, including banks, coal, and logistics, experienced declines, with notable drops in stocks like Lu'an Huaneng (601699.SH) and Jiangsu Bank (600919.SH) [4]

金融界消息 截至2025年8月13日收盘，电工合金（300697）报收于16.5元，上涨9.05%，换手率 16.37%，成交量54.22万手，成交金额8.82亿元。 资金流向方面，今日主力资金净流入9301.39万元，占比成交额10.54%。其中，超大单净流入4870.19万 元、占成交额5.52%，大单净流入4431.21万元、占成交额5.02%，中单净流出流出1159.27万元、占成交 额1.31%，小单净流出8142.12万元、占成交额9.23%。 电工合金最新一期业绩显示，截至2025一季报，公司营业总收入7.14亿元、同比增长29.67%，归属净利 润4305.72万元，同比增长16.49%，扣非净利润4306.97万元，同比增长23.65%，流动比率2.431、速动比 率1.857、资产负债率36.36%。 来源：金融界 天眼查商业履历信息显示，江阴电工合金股份有限公司，成立于1985年，位于无锡市，是一家以从事有 色金属冶炼和压延加工业为主的企业。企业注册资本33280万人民币，实缴资本33280万人民币。公司法 定代表人为冯岳军。 通过天眼查大数据分析，江阴电工合金股份有限公司共对外投资了7 ...

Financial Performance - In the first half of 2025, the company achieved operating revenue of 536 million RMB, a year-on-year increase of 14.22% [1] - The total profit reached 27.66 million RMB, up 68.31% year-on-year [1] - Net profit attributable to shareholders was 9.68 million RMB, representing a significant growth of 194.15% compared to the same period last year [1] Business Integration and Asset Management - The company completed a major asset acquisition of 55% stake in Electric Alloy (300697) in 2024, which has been included in the consolidated financial statements since December 31, 2024 [2] - Electric Alloy reported operating revenue of 366 million RMB in the first half of 2025, a year-on-year increase of 29.18%, and net profit of 29.63 million RMB, up 89.52% [2] - The company divested low-efficiency assets related to the aluminum profile business for 26.46 million RMB to focus on more promising areas [2] Operational Efficiency and Trade Business - The company plans to merge its trading company to streamline operations and reduce management costs, establishing a trading branch to inherit existing business [3] - The trading subsidiary achieved operating revenue of 163 million RMB in the first half of 2025, with net profit growing by 16.74% [3] R&D and Market Demand - The company focuses on R&D, production, and sales of electrical contact products, which are essential components in electrical equipment, with a compound annual growth rate of 10.06% from 2016 to 2024 [4] - The demand for electrical contact products is expected to grow due to increasing electrification and applications in various sectors such as home appliances, industrial control, and electric vehicles [4] - R&D expenses in the first half of 2025 amounted to 13.16 million RMB, reflecting a year-on-year increase of 27.14% [4] Technological Recognition - Electric Alloy, as a national high-tech enterprise, holds 35 authorized patents, including 12 invention patents, and has been recognized for its technological and R&D capabilities [5] - The company successfully completed a district-level research project and is undertaking provincial and municipal key research projects [5]

金融界消息 截至2025年7月29日收盘，电工合金（300697）报收于14.47元，下跌0.07%，换手率 3.11%，成交量10.30万手，成交金额1.48亿元。 资金流向方面，今日主力资金净流出2084.54万元，占比成交额14.12%。其中，超大单净流出323.40万 元、占成交额2.19%，大单净流出1761.13万元、占成交额11.93%，中单净流出流出533.41万元、占成交 额3.61%，小单净流入2617.95万元、占成交额17.73%。 电工合金最新一期业绩显示，截至2025一季报，公司营业总收入7.14亿元、同比增长29.67%，归属净利 润4305.72万元，同比增长16.49%，扣非净利润4306.97万元，同比增长23.65%，流动比率2.431、速动比 率1.857、资产负债率36.36%。 天眼查商业履历信息显示，江阴电工合金股份有限公司，成立于1985年，位于无锡市，是一家以从事有 色金属冶炼和压延加工业为主的企业。企业注册资本33280万人民币，实缴资本33280万人民币。公司法 定代表人为冯岳军。 通过天眼查大数据分析，江阴电工合金股份有限公司共对外投资了7家企业，参与招 ...

Group 1 - Shengde Xintai won a bid for a thermal power steel pipe project worth approximately 217 million yuan, accounting for 8.15% of its audited revenue for 2024 [1] - High-speed Electric's subsidiary won a project for the Shanghai-Nanjing-Hefei high-speed railway, with a bid amount of 71.76 million yuan [1] - Cangge Mining's subsidiary received a construction permit for a lithium-boron mining project, with a construction area of 106,900 square meters [2] Group 2 - China Electric Power Construction signed a mining transportation project contract in Guinea worth approximately 5.063 billion yuan, with a total duration of about 72 months [3] - Guobang Pharmaceutical's subsidiary completed the registration of an equity investment fund focusing on strategic emerging industries [4] - Deshi Co. obtained two invention patents related to oil and gas field development [5][26] Group 3 - Xue Tian Salt Industry expects a significant decrease in net profit for the first half of 2025, projecting a decline of 76.34% to 80.29% [6] - Rundu Co. received a drug registration certificate for moxifloxacin hydrochloride tablets, used for treating various bacterial infections [7] - China Nuclear Power reported a 15.65% increase in power generation in the first half of the year, with nuclear power generation up by 12.01% [8] Group 4 - Suqian Liansheng obtained two invention patents related to wastewater treatment methods [9] - Boshi Co. signed a 109 million yuan operation and maintenance service contract for solid product packaging [11] - *ST Sailong's subsidiary received a drug registration certificate for torasemide injection, used for various medical conditions [13] Group 5 - North Bay Port reported a 10.95% increase in cargo throughput for the first half of 2025, with container throughput also showing growth [14] - Kaiwei Te expects a revenue increase of 56.17% to 90.87% for the first half of 2025 [15] - Wankai New Materials plans to reduce production and conduct maintenance on 60,000 tons of PET capacity, affecting overall performance [16] Group 6 - Haiwang Bio's HW130 injection successfully completed Phase I clinical trials, showing good safety and tolerability [19] - Zhenai Meijia received a total of 22.8 million yuan in compensation for land acquisition, which will significantly impact its 2025 performance [20] - Changyuan Electric reported a 23.58% decrease in power generation in June, with a notable decline in thermal power generation [21] Group 7 - Shouxiangu's subsidiary completed the registration of two health food products [22] - Kailun Co. announced the resignation of its deputy general manager and board secretary [23] - Xibu Muye reported a 2.15% year-on-year increase in fresh milk production in June [24] Group 8 - Deshi Co. obtained two invention patents related to oil and gas field development [26] - Jingwei Huikai plans to acquire a 12.44% stake in Nuo Si Micro for 149 million yuan [27] - Electric Alloy completed the registration of its subsidiary in Mexico [29] Group 9 - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of 2025 [30] - Guizhou Moutai repurchased approximately 3.38 million shares, accounting for 0.2692% of its total share capital [31][32] - Warner Pharmaceutical received approval for the listing application of a raw material drug for treating respiratory diseases [34] Group 10 - Yuan Dong Bio's independent director is under investigation for serious violations [35] - Dash Intelligent signed a contract for a smart project worth 11.88 million yuan [36] - Dayou Energy plans to transfer 586,500 tons of coal production capacity replacement indicators [37] Group 11 - Foton Motor reported a 150.96% increase in new energy vehicle sales in the first half of 2025 [39] - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [40] - Zongshen Power expects a net profit increase of 70% to 100% for the first half of 2025 [42] Group 12 - Yingboer plans to sell its wholly-owned subsidiary for 239 million yuan [44] - Changan Automobile reported a 1.59% increase in total vehicle sales in the first half of 2025 [46] - Fulian Precision signed a cooperation framework agreement with Sichuan Development Longmang [48] Group 13 - Nengte Technology plans to repurchase shares worth 300 million to 500 million yuan [50] - Longsoft Technology's controlling shareholder donated 3.43% of the company's shares [51] - Data Port's shareholders plan to reduce their holdings by up to 2% [52]

New Stock Offerings - Jichuan Pharmaceutical (600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - *ST Yazhen (603389) has a tender offer period from June 10, 2025, to July 9, 2025[1] - Zhongcheng Tui (300208) has 11 trading days remaining until the last trading day[1] Delisting and Trading Reminders - Tui Shi Jin Gang (600190) has 11 trading days remaining until the last trading day[1] - Hengli Tui (000622) is in the delisting arrangement period with 8 trading days remaining[1] - Tui Shi Jiu You (600462) has 7 trading days remaining until the last trading day[1] Market Volatility - Beifang Changlong (301357) reported severe abnormal fluctuations[1] - Multiple companies, including Jichuan Pharmaceutical and *ST Yazhen, are under scrutiny for trading anomalies[1]

证券代码：300697 证券简称：电工合金 公告编号：2025-024 公司类型：SOCIEDAD DE RESPONSABILIDAD LIMITADA DE CAPITAL VARIABLE（可变资本有限责任公司） 注册资本：50,000 墨西哥比索 股权结构：公司的香港全资子公司 HONGKONG ELECTRICAL ALLOY INVESTMENT HOLDING CO., LIMITED 持有 99%股权、新加坡孙公司 SINGAPORE JEA INVESTMENT MANAGEMENT PTE. LTD.持有 1%股权 江阴电工合金股份有限公司 关于墨西哥孙公司完成注册登记的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 江阴电工合金股份有限公司（以下简称"公司"）于 2024 年 12 月 27 日召 开第四届董事会第四次会议、第四届监事会第四次会议，审议通过了《关于对外 投资设立墨西哥孙公司的议案》，同意公司在香港、新加坡设立子公司作为路径 公司，再通过香港、新加坡路径公司在墨西哥设立孙公司，具体内容详见公司刊 载于中国证监会指定信息 ...

Core Viewpoint - The non-ferrous metal sector has experienced significant stock price increases, particularly with North Copper rising over 7%, driven by market dynamics and external factors [1] Group 1: Stock Performance - North Copper's stock increased by over 7% during the trading session [1] - Other companies such as Jingyi Co., Zijin Mining, Western Mining, Jincheng Mining, Electric Alloy, Zhongfu Industrial, Tianshan Aluminum, and Baiyin Nonferrous also saw price increases [1] Group 2: Market Dynamics - A report from Wukuang Securities highlighted renewed discussions around U.S. copper tariffs, alongside low LME (London Metal Exchange) inventory levels leading to warehouse congestion [1] - The LME copper prices have broken through their previous trading range and are showing a strong upward trend [1] Group 3: Future Outlook - The market is advised to monitor the results and implementation timeline of the Section 232 investigation, as copper prices are expected to rise ahead of any potential tariff imposition [1]