Group 1 - The State Council Information Office will hold a press conference on April 28 to discuss policies related to stabilizing employment and the economy, promoting high-quality development [1] - The National Development and Reform Commission, Ministry of Human Resources and Social Security, Ministry of Commerce, and the People's Bank of China will present relevant measures and answer questions [1] Group 2 - The China Council for the Promotion of International Trade will hold a press conference on April 28 to release the global trade friction index for February 2025 and other trade-related data [3] - The press conference will also cover the latest preparations for the third Chain Expo and new policies to support foreign trade [3] Group 3 - The China Meteorological Administration will hold a press conference on April 28 to discuss the national weather and climate characteristics for April, as well as predictions for May [4] Group 4 - The first "Beijing Xiangshan Forum" will take place from April 28 to 30, focusing on global security challenges and opportunities, with participation from over 200 defense officials and experts from more than 30 countries [5] Group 5 - On April 28, a total of 17 companies will have their restricted shares released, amounting to 1.727 billion shares with a total market value of 24.677 billion yuan [6] - Companies with the highest share unlock volumes include China Resources Materials, Chengda Bio, and Wangbian Electric [6] Group 6 - 19 companies announced stock repurchase progress on April 28, with 18 companies disclosing new repurchase plans [7] - The highest repurchase amounts were reported by Tianyuan Environmental Protection, Jinli Permanent Magnet, and Zhenhua Heavy Industry [7] Group 7 - A total of 176 billion yuan in 7-day reverse repos will mature today, with an operation rate of 1.5% [8]

Group 1: Economic Indicators - In the first quarter, the total profit of industrial enterprises above designated size reached 150.936 billion yuan, a year-on-year increase of 0.8% [4] - The Ministry of Commerce and six other departments announced an optimization of the departure tax refund policy, raising the cash refund limit to 20,000 yuan [4][6] Group 2: Company Earnings - Gujing Gongjiu reported a net profit of 5.517 billion yuan for 2024, a year-on-year increase of 20.22%, and proposed a dividend of 50 yuan per 10 shares [8] - Gree Electric reported a net profit of 32.185 billion yuan for 2024, a year-on-year increase of 10.91%, and proposed a dividend of 20 yuan per 10 shares [8] - Luzhou Laojiao reported a net profit of 13.473 billion yuan for 2024, a year-on-year increase of 1.71%, and proposed a dividend of 45.92 yuan per 10 shares [8] - Yake Technology reported a net profit of 872 million yuan for 2024, a year-on-year increase of 50.41%, and proposed a dividend of 2.6 yuan per 10 shares [8] - Yunda Holdings reported a net profit of 1.914 billion yuan for 2024, a year-on-year increase of 17.77%, and proposed a dividend of 2 yuan per 10 shares [8] Group 3: Significant Corporate Announcements - National City Mining reported a net profit of 612 million yuan for the first quarter of 2025, a year-on-year increase of 18,279.65%, primarily due to increased investment income from the sale of subsidiaries [9] - Zhenghe Ecology signed a strategic cooperation agreement with Yanshan (Hebei) Cultural Tourism Development Group, planning a total investment of 2 billion yuan for a tourism integration project [9] - New Life Fortune announced plans to issue shares and pay cash to acquire 100% of Guangzhou Jinnan Magnetic Materials, which is expected to constitute a major asset restructuring [9] - Chengdi Xiangjiang announced that its subsidiary won a bid for a project with a contract value of 1.632 billion yuan, with a construction period of 92 days [10]

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5]. Core Viewpoints - Iron ore prices have shown significant loosening, suggesting a positive outlook for investment opportunities in the steel sector. The report indicates that after three years of adjustment, the current position of the steel sector offers high cost-effectiveness, with leading enterprises showing improved profitability and stability [8][13]. Summary by Sections Macro Overview - Iron ore prices are expected to decline as steel production peaks post-May Day, leading to potential profit squeezes for iron ore suppliers. The domestic demand-driven pricing in the steel sector is highlighted as a key factor [8][13]. Steel Sector - The weekly consumption of rebar decreased to 2.6 million tons, a significant drop of 5.07% week-on-week. The average price of rebar increased slightly by 1.34% to 3,323 CNY/ton, while cold-rolled prices fell by 1.54% to 3,812 CNY/ton [14][36]. - Total steel inventory decreased significantly, with a total of 1,083 million tons, down 3.68% week-on-week and 24.11% year-on-year [23]. - The profitability of rebar production has improved, with long-process rebar margins increasing by 25 CNY/ton and short-process margins rising by 350 CNY/ton [34][36]. Industrial Metals - The report notes a deepening negative value for copper TC/RC, with the average LME aluminum price rising by 3.63% to 2,412 USD/ton. The cost of electrolytic aluminum in Xinjiang decreased significantly by 16.22%, leading to a substantial profit increase [16][28]. Precious Metals - The report suggests that tariffs may boost demand for safe-haven assets and inflation expectations, with gold prices expected to continue rising. As of April 25, 2025, COMEX gold prices were reported at 3,330.2 USD/ounce, a slight decrease of 0.33% week-on-week [16][48]. New Energy Metals - Lithium production in China saw a significant year-on-year increase of 57.44% in February 2025, with prices for battery-grade lithium carbonate at 69,600 CNY/ton. Nickel and cobalt prices showed mixed trends, with nickel prices declining [15][39][48].

Core Viewpoint - The company, Jinli Permanent Magnet, reported strong financial performance for Q1 2025, with significant growth in revenue and net profit, indicating enhanced profitability in its core business [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 1.754 billion yuan, a year-on-year increase of 14.19% [1] - The net profit attributable to shareholders was 161 million yuan, reflecting a year-on-year growth of 57.85% [1] - Compared to Q4 2024, revenue increased by 0.29%, while net profit rose by 71.82% and non-recurring net profit grew by 92.73% [1] Production and Capacity - The company’s production capacity continued to be released, with a utilization rate exceeding 90% for new capacity [1] - The output of magnetic material blanks reached 8,770 tons, and finished magnetic material production was approximately 6,600 tons, with sales of finished products around 6,024 tons, all showing over 40% growth compared to Q1 2023 [1] Business Structure - The new energy vehicle sector generated revenue of 882 million yuan, accounting for 50.28% of total revenue, maintaining a leading market position [2] - Revenue from energy-saving variable frequency air conditioning reached 513 million yuan, representing 29.25% of total revenue, solidifying competitive advantages [2] - International market expansion was notable, with export sales reaching 312 million yuan, making up 17.76% of total revenue, including 122 million yuan in sales to the U.S., which accounted for 6.94% of total revenue [2] Emerging Business Initiatives - The company is actively developing emerging businesses, achieving breakthroughs in the field of embodied robotics, with small batch deliveries of motor rotor products in collaboration with a well-known international technology company [2] - Jinli Permanent Magnet aims to leverage new capacity releases to strengthen its presence in core application areas such as new energy vehicles, energy conservation, and robotics, focusing on market share expansion through technological innovation and efficient management [2] Share Buyback Plan - Concurrently with the Q1 2025 performance announcement, the company disclosed a share buyback plan, reflecting confidence in future growth [3] - The buyback will occur at a price not exceeding 31.18 yuan per share, with a total fund allocation between 100 million and 200 million yuan, aimed at reducing registered capital [3] - Management emphasizes that the buyback is a key component of the company's strategy while maintaining a focus on investor interests [3]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,754,254,463.18, representing a 14.19% increase compared to CNY 1,536,247,143.43 in the same period last year[10] - Net profit attributable to shareholders for Q1 2025 was CNY 160,525,258.63, a significant increase of 57.85% from CNY 101,692,621.31 year-on-year[10] - The net profit after deducting non-recurring gains and losses surged by 331.10% to CNY 105,876,943.19 from CNY 24,559,682.72 in the previous year[10] - The basic and diluted earnings per share for Q1 2025 were both CNY 0.12, reflecting a 50.00% increase from CNY 0.08 in the same quarter last year[10] - The company achieved operating revenue of RMB 1.754 billion, a year-on-year increase of 14.19%[29] - Net profit attributable to shareholders reached RMB 161 million, up 57.85% year-on-year[29] - The company’s net profit excluding non-recurring gains and losses was RMB 106 million, reflecting a significant increase of 331.10% year-on-year[29] - Operating profit increased to ¥184,223,659.37, a rise of 60.6% compared to ¥114,654,714.32 in the last period[38] Assets and Liabilities - The total assets at the end of Q1 2025 amounted to CNY 13,775,686,575.86, up 12.02% from CNY 12,297,311,673.87 at the end of the previous year[11] - The total assets of the company as of March 31, 2025, were RMB 13.776 billion, an increase from RMB 12.297 billion at the beginning of the period[33] - The total liabilities increased to ¥6,500,122,037.63 from ¥5,179,863,454.31, reflecting a growth of 25.5%[35] - Total equity attributable to the parent company reached ¥7,170,608,090.39, up from ¥7,016,033,171.08, indicating a growth of 2.2%[35] Cash Flow - The net cash flow from operating activities improved by 43.03%, reducing the outflow to CNY -350,442,034.40 from CNY -615,182,046.97 in the previous year[10] - Operating cash flow improved by 43.03%, with a net outflow of approximately ¥350.44 million, primarily due to reduced material procurement expenses[18] - Cash flow from financing activities generated a net inflow of $309,308,075.36, up from $55,280,366.64 in the previous period, reflecting stronger financing efforts[45] - The company reported a significant decrease in cash and cash equivalents, ending the period with $1,514,443,970.05, down from $2,347,082,156.47[45] Shareholder Information - The total number of common shareholders at the end of the reporting period was 77,461[19] - The largest shareholder, Jiangxi Ruide Venture Capital Co., Ltd., holds 28.21% of shares, amounting to 387,100,160 shares[20] - The second-largest shareholder, HKSCC Nominees Limited, holds 16.59% of shares, totaling 227,640,800 shares[20] Operational Highlights - In Q1 2025, the company’s production capacity utilization rate exceeded 90%, with raw magnetic material output of approximately 8,770 tons, finished magnetic material output of about 6,600 tons, and sales volume of finished magnetic materials reaching around 6,024 tons, all increasing by over 40% compared to the same period last year[29] - Revenue from the new energy vehicle and auto parts sector amounted to RMB 882 million, accounting for 50.28% of total operating revenue[29] - Revenue from energy-saving variable frequency air conditioning reached RMB 513 million, representing 29.25% of total operating revenue[29] - Export sales revenue was RMB 312 million, making up 17.76% of total operating revenue, with sales to the United States contributing RMB 122 million, or 6.94% of total operating revenue[29] - The company is focusing on expanding its market and production capacity in the new energy and energy-saving sectors, particularly in new energy vehicles and components, energy-saving air conditioning, and robotics[28] Expenses - Total operating costs amounted to ¥1,621,523,660.51, up 8.3% from ¥1,497,437,075.56 in the prior period[37] - Research and development expenses were ¥82,764,290.89, an increase of 10.4% from ¥74,588,597.44 in the previous period[37] - Sales expenses increased by 67.00% to approximately ¥17.68 million, attributed to a 40% growth in sales volume and higher market expansion costs[18] Other Comprehensive Income - The company reported a decrease in other comprehensive income, which was -¥50,430,748.99 compared to -¥42,492,378.41 in the prior period[35] - Other comprehensive income after tax attributable to the parent company was -$48,856,950.64, a substantial decline from -$2,709,351.23 in the previous period[39]

证券代码：300748 证券简称：金力永磁 公告编号：2025-025 江西金力永磁科技股份有限公司 关于回购公司 A 股股份方案公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 5、回购股份的资金总额及股份数量：公司拟以自有资金不低于人民币 10,000 万元（含），不超过人民币 20,000 万元（含）进行回购。以拟回购价格上限和 回购资金总额下限测算，预计回购股份数量为 3,207,185 股，约占公司目前总股 本的 0.23%；以拟回购价格上限和回购资金总额上限测算，预计回购股份数量为 6,414,368 股，约占公司目前总股本的 0.47%，具体回购股份的资金总额、股份数 量以回购结束时实际回购的为准。 江西金力永磁科技股份有限公司（以下简称"公司"）本次拟以集中竞价交 易方式回购公司股份方案的主要内容如下： 1、回购股份的种类：公司已发行的人民币普通股（A 股）股票； 2、回购股份的用途：本次回购的股份将依法全部用于注销并减少注册资本； 3、回购股份的价格：不超过 31.18 元/股（含）（不超过董事会审议通过本 次回购股份决议 ...

Financial Performance - The company's revenue for Q1 2025 was ¥1,754,254,463.18, representing a 14.19% increase compared to ¥1,536,247,143.43 in the same period last year[4] - Net profit attributable to shareholders was ¥160,525,258.63, a significant increase of 57.85% from ¥101,692,621.31 year-over-year[4] - The net profit after deducting non-recurring gains and losses surged by 331.10% to ¥105,876,943.19 from ¥24,559,682.72 in the previous year[4] - The company achieved operating revenue of CNY 1.754 billion, a year-on-year increase of 14.19%[14] - Net profit attributable to shareholders reached CNY 161 million, up 57.85% year-on-year[14] - The net profit excluding non-recurring gains and losses was CNY 106 million, reflecting a significant growth of 331.10%[14] - Net profit for the current period was ¥162,513,289.89, representing a 59.0% increase from ¥102,193,377.63 in the previous period[19] - The net profit attributable to the parent company was approximately ¥160.53 million, compared to ¥101.69 million in the previous period, representing a year-over-year increase of 57.6%[20] - The total comprehensive income attributable to the parent company was approximately ¥111.67 million, up from ¥98.98 million, reflecting a growth of 12.8%[20] - Basic and diluted earnings per share increased to ¥0.12 from ¥0.08, marking a 50% increase[20] Assets and Liabilities - The company's total assets increased by 12.02% to ¥13,775,686,575.86 from ¥12,297,311,673.87 at the end of the previous year[4] - Current assets totaled ¥9,087,656,233.87, a rise of 18.1% from ¥7,691,849,512.85 at the beginning of the period[16] - Total liabilities increased to ¥6,500,122,037.63, up 25.5% from ¥5,179,863,454.31 at the start of the period[17] - The total equity attributable to shareholders of the parent company was ¥7,170,608,090.39, up from ¥7,016,033,171.08, reflecting a growth of 2.2%[18] Cash Flow - Cash flow from operating activities showed improvement, with a net outflow of ¥350,442,034.40, a 43.03% reduction from the previous year's outflow of ¥615,182,046.97[4] - Cash inflow from investment activities was approximately ¥205.15 million, while cash outflow was ¥724.48 million, resulting in a net cash outflow of approximately ¥519.33 million[22] - Cash flow from financing activities generated a net inflow of approximately ¥309.31 million, compared to ¥55.28 million in the previous period, indicating a significant increase[22] - The ending cash and cash equivalents balance was approximately ¥1.51 billion, down from ¥2.35 billion in the previous period[22] - The company reported a decrease in cash received from sales of goods and services to approximately ¥1.24 billion, down from ¥1.35 billion[21] - The company’s total operating cash outflow was approximately ¥1.64 billion, compared to ¥2.05 billion in the previous period, showing a reduction in cash outflow[22] Operational Highlights - The weighted average return on equity rose to 2.26%, an increase of 0.84 percentage points compared to 1.42% in the same period last year[4] - The production capacity utilization rate exceeded 90%, with raw magnetic material output of approximately 8,770 tons, and finished magnetic product output of about 6,600 tons, both growing over 40% year-on-year[14] - Revenue from the new energy vehicle and auto parts sector was CNY 882 million, accounting for 50.28% of total revenue[14] - Revenue from the energy-saving variable frequency air conditioning sector was CNY 513 million, representing 29.25% of total revenue[14] - Export sales revenue amounted to CNY 312 million, making up 17.76% of total revenue, with exports to the U.S. contributing CNY 122 million, or 6.94% of total revenue[14] - The company is focusing on expanding its market presence in the new energy and energy-saving sectors, particularly in applications for electric vehicles and industrial servo motors[13] - The company is actively collaborating with internationally renowned technology firms for the development of embodied robot motor rotors and capacity construction[13] - The company plans to continue enhancing production capacity while maintaining stable operations in the upcoming quarters[13] Inventory and Expenses - Inventory levels increased by 30.10% to ¥2,833,732,922.06, reflecting the need for stock due to business growth[8] - The company experienced a 67.00% rise in selling expenses, amounting to ¥17,681,229.15, attributed to a 40% increase in sales volume and higher market expansion costs[8] - Total operating costs amounted to ¥1,621,523,660.51, up 8.3% from ¥1,497,437,075.56 in the prior period[19] Other Information - The company received government subsidies totaling ¥63,411,721.41, contributing positively to its financial performance[5] - The company has not yet audited the first quarter report, indicating that the financial data is subject to change[23]

证券代码：300748 证券简称：金力永磁 公告编号：2025-023 江西金力永磁科技股份有限公司 第四届监事会第五次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、审议通过《关于<公司 2025 年第一季度报告>的议案》 江西金力永磁科技股份有限公司（以下简称"公司"）于 2025 年 4 月 20 日以 电话、邮件、书面方式通知各位监事，第四届监事会第五次会议于 2025 年 4 月 25 日（星期五）以通讯表决方式召开。本次监事会由监事会主席刘秋君女士主持，会 议应出席监事 3 名，实际出席监事 3 名。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等法律法规和《公司章程》的有关规定，合法有效。会议经 表决，审议通过如下议案： 表决结果：赞成票 3 票；反对票 0 票；弃权票 0 票。 本议案尚需提请公司 2024 年年度股东大会审议。 《江西金力永磁科技股份有限公司关于回购公司 A 股股份方案公告》全文刊登 于中国证监会指定的创业板上市公司信息披露媒体巨潮资讯网（www.cninfo.com.cn） 上，供投资者查阅。 ...

证券代码：300748 证券简称：金力永磁 公告编号：2025-022 江西金力永磁科技股份有限公司 基于对公司未来发展前景的信心和对公司价值的认可，为维护广大投资者的 利益，增强投资者信心，促进公司股票价格合理回归内在价值，综合考虑公司经 营情况、财务状况和发展战略，公司拟使用不低于人民币 10,000 万元（含）、 不超过人民币 20,000 万元（含）的自有资金或自筹资金（股票回购专项贷款等） 以集中竞价交易方式回购公司部分 A 股社会公众股股份，本次回购股份将全部 用于注销并减少注册资本，回购期限为自公司股东大会审议通过本次回购方案之 日起 12 个月内。 表决结果：赞成票 9 票；反对票 0 票；弃权票 0 票。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日 以电话、邮件、书面方式通知各位董事，公司第四届董事会第六次会议于 2025 年 4 月 25 日（星期五）以通讯表决方式召开。会议由董事长蔡报贵先生召集并 主持，会议应出席董事 9 名，实际出席董事 9 名。会 ...

Investment Rating - The industry view for Greater China Materials is rated as Attractive [6] Core Insights - Lithium demand may be pressured by trade tensions, with a market surplus expected to increase to approximately 10,000 tons of lithium carbonate equivalent (LCE) in April, leading to downward pressure on prices [2][3] - Uranium fundamentals remain solid despite a spot price correction, with term pricing stable at around US$80 per pound, indicating a constructive medium-to-long-term supply-demand outlook [3] - Solar glass prices are likely to stabilize due to supply responses, although pressures are expected to persist in the second half of 2025 as demand decreases [4][10] Summary by Sections Lithium - Demand in 1Q25 was stronger than expected due to EV trade-in programs and energy storage system (ESS) demand, but the peak season in 2Q25 is anticipated to be muted due to earlier demand pull-forward [2] - Tariff uncertainties have caused large EV makers to pause April order books, leading to a potential price bottom for lithium carbonate at approximately Rmb65,000 per ton [2] Uranium - The spot price has declined to around US$60 per pound, influenced by uncertainties regarding Russian enriched uranium and US tariffs, but the gap between spot and term prices has widened, limiting further downside [3] - Supply imbalances are expected to gradually reflect in the market, potentially pushing uranium prices higher and benefiting companies like CGN Mining [3] Solar Glass - A reasonable recovery was noted in 1Q25, with prices rebounding due to increased demand from module producers, but a decrease in demand is expected in June as rush installations conclude [4][10] - The near-term supply and demand for solar glass could remain solid, supporting earnings recovery for producers, but increased industry supply may pressure prices again in 2H25 [10] Rare Earth Magnets - An upward trend in rare earth prices is anticipated due to new smelting regulations and tariffs, which could tighten supply from imports, benefiting producers [11] Stock Ratings - Overweight-rated stocks include Xinyi Solar, CGN Mining, and various rare earth magnet producers, with significant upside potential noted for several companies [12][13]