Investment Rating - The report maintains a standard rating for the non-ferrous metals industry, indicating a positive outlook for investment in this sector [1]. Core Insights - The non-ferrous metals industry has seen a significant increase in performance, with an overall rise of 8.37% in the last two weeks, outperforming the CSI 300 index by 1.41 percentage points, ranking 5th among 31 industries [2][11]. - The small metals and new materials sectors have shown particularly strong performance, with increases of 21.87% and 13.84% respectively in the same period [2][16]. - The report highlights the positive impact of government policies on the rare earth sector, leading to a rapid price recovery for rare earth products [4][72]. Industry Analysis Market Performance - As of August 28, 2025, the non-ferrous metals industry has increased by 16.08% this month and 44.99% year-to-date, ranking 5th and 2nd respectively among 31 industries [11][12]. - The small metals sector has surged by 77.45% year-to-date, while the new materials sector has risen by 55.77% [16]. Price Trends - As of August 28, 2025, key prices include: - LME copper at $9,839.50 per ton - LME aluminum at $2,607 per ton - LME lead at $1,988 per ton - LME zinc at $2,787 per ton - LME nickel at $15,300 per ton - LME tin at $34,825 per ton [22]. - The rare earth price index reached 226.27, up 21.16 from early August, with specific prices for praseodymium-neodymium oxide averaging 604 yuan per kilogram [41][72]. Company Performance - Notable companies in the sector include: - China Rare Earth (000831) and Kingstone Permanent Magnet (300748), which are recommended for attention due to their strong market positions [73]. - In the last two weeks, the top-performing stocks include Zhangyuan Tungsten (57.70%), Kingstone Permanent Magnet (54.48%), and Northern Rare Earth (46.39%) [18][20]. - Year-to-date, the top gainers are Copper Crown Copper Foil (217.60%), Zhongzhou Special Materials (211.00%), and Northern Rare Earth (165.00%) [20].

Market Overview - The metal new materials sector experienced a decline of 0.99% on August 29, with Placo New Materials leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Fuda Alloy (603045) with a closing price of 20.70, up 8.04% and a trading volume of 165,000 shares, totaling 333 million yuan [1] - Zhongzhou Special Materials (300963) closed at 20.34, up 5.06% with a trading volume of 352,900 shares, totaling 727 million yuan [1] - Jiangnan New Materials (603124) closed at 90.03, up 3.92% with a trading volume of 57,100 shares, totaling 515 million yuan [1] - Conversely, significant decliners included: - Placo New Materials (300811) closed at 73.95, down 5.19% with a trading volume of 158,400 shares [2] - Galaxy Magnetics (300127) closed at 34.50, down 4.11% with a trading volume of 245,600 shares [2] - Jinli Permanent Magnet (300748) closed at 41.00, down 3.73% with a trading volume of 1,409,200 shares [2] Capital Flow - The metal new materials sector saw a net outflow of 651 million yuan from institutional investors, while retail investors contributed a net inflow of 584 million yuan [2][3] - Notable capital flows included: - Ningbo Yunsheng (600366) with a net inflow of 197 million yuan from institutional investors [3] - Zhongzhou Special Materials (300963) with a net inflow of 79.6 million yuan from institutional investors [3] - Fuda Alloy (603045) with a net inflow of 26.7 million yuan from institutional investors [3]

New Stock Offerings - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - Broadcom Integrated (603068) announced abnormal fluctuations on August 29, 2025[1] Market Alerts - ST Guohua (000004) and ST Gohong (000851) both reported abnormal fluctuations on August 29, 2025[1] - ST Huayang (603825) and ST Zhongji (000972) also indicated abnormal fluctuations on August 29, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on August 26, 2025[1] Company Announcements - Zhaoxin Technology (603377) announced abnormal fluctuations on August 27, 2025[1] - Longyang Electronics (301396) reported significant fluctuations on August 28, 2025[1] - ST Dongshi (603377) indicated abnormal fluctuations on August 22, 2025[1]

Group 1 - The 28th Chengdu International Auto Show will be held from August 29 to September 7, increasing attention on the new energy vehicle industry chain [1] - The 2025 Global Power Battery Recycling Industry Summit and the 13th Retired Power Battery Recycling Utilization Forum will take place from August 29 to 31 in Shenzhen, focusing on power battery and recycling technology topics which may catalyze the sector [1] - The National Development and Reform Commission will hold a press conference on August 29, with market attention on new energy industry policy trends [1] Group 2 - As of August 29, the ChiNext New Energy ETF (159261.SZ) rose by 3.44%, and its related index, the New Energy Index (399266.SZ), increased by 3.32% [1] - Major constituent stocks saw significant gains, with CATL up 9.03%, Lead Intelligent up 20.01%, EVE Energy up 5.49%, Zhongke Electric up 15.30%, and Xinwanda up 4.91% [1] Group 3 - According to research from Aijian Securities, high growth in AI demand is driving the expansion of the AI Computing Center (AIDC) market, with the global AI server market expected to reach $125.1 billion in 2024 and grow to $222.7 billion by 2028, significantly boosting supporting energy storage demand [1] - The electrochemical energy storage industry chain is primarily driven by lithium iron phosphate batteries upstream, with integration involving companies like CATL and BYD in the midstream, and downstream applications concentrated in new energy generation, entering a rapid development phase supported by policy and cost reductions [1]

Core Viewpoint - Jinli Permanent Magnet has shown significant stock price growth and strong financial performance in recent months, indicating a positive market sentiment and potential investment opportunities in the rare earth permanent magnet sector [1][2]. Financial Performance - As of June 30, 2025, Jinli Permanent Magnet achieved a revenue of 3.507 billion yuan, representing a year-on-year growth of 4.33% [2]. - The net profit attributable to shareholders for the same period was 305 million yuan, marking a substantial increase of 154.81% year-on-year [2]. - Cumulatively, the company has distributed 1.223 billion yuan in dividends since its A-share listing, with 837 million yuan distributed over the past three years [3]. Stock Market Activity - On August 29, 2023, Jinli Permanent Magnet's stock price rose by 2.07%, reaching 43.47 yuan per share, with a trading volume of 955 million yuan and a turnover rate of 1.99% [1]. - The stock has increased by 144.75% year-to-date, with notable gains of 43.47% over the last five trading days, 62.81% over the last 20 days, and 103.12% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on August 27 [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Jinli Permanent Magnet reached 99,100, an increase of 27.89% from the previous period [2]. - The top ten circulating shareholders include notable ETFs, with E Fund's ChiNext ETF holding 14.9723 million shares, a decrease of 359,900 shares, while Southern CSI 500 ETF increased its holdings by 1.3084 million shares to 10.216 million shares [3].

公告称，公司董事会确认，除已公告事项外，公司目前没有任何根据《深圳证券交易所创业板股票上市 规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议等;董事会也 未获悉公司有根据《深圳证券交易所创业板股票上市规则》等有关规定应予以披露而未披露的、对公司 股票及其衍生品种交易价格产生较大影响的信息；公司前期披露的信息不存在需要更正、补充之处。 香港联交所最新资料显示，8月28日，金力永磁（300748）(06680)股东将股票由港股通(沪)转入花旗银 行，转仓市值2.92亿港元，占比5.45%。 金力永磁发布公告，该公司股票于2025年8月25日、2025年8月26日、2025年8月27日连续三个交易日收 盘价涨幅偏离值累计达到31.54%，根据深圳证券交易所相关规定，属于股票交易异常波动的情形。 ...

公告称，公司董事会确认，除已公告事项外，公司目前没有任何根据《深圳证券交易所创业板股票上市 规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议等;董事会也 未获悉公司有根据《深圳证券交易所创业板股票上市规则》等有关规定应予以披露而未披露的、对公司 股票及其衍生品种交易价格产生较大影响的信息；公司前期披露的信息不存在需要更正、补充之处。 智通财经APP获悉，香港联交所最新资料显示，8月28日，金力永磁(06680)股东将股票由港股通(沪)转 入花旗银行，转仓市值2.92亿港元，占比5.45%。 金力永磁发布公告，该公司股票于2025年8月25日、2025年8月26日、2025年8月27日连续三个交易日收 盘价涨幅偏离值累计达到31.54%，根据深圳证券交易所相关规定，属于股票交易异常波动的情形。 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [4] Core Views - The company is a global leader in high-performance rare earth permanent magnet materials, focusing on the manufacturing of neodymium iron boron magnets, with its core business highly concentrated [4] - The company's revenue has been significantly impacted by product prices in recent years, leading to a continuous decline in performance, but profitability has been gradually recovering since the second half of 2024 [4][5] - The company is actively expanding into the field of humanoid robotics, which is expected to become a significant growth point in the future [6][7] Summary by Sections Company Overview - The company specializes in the research, production, and sales of high-performance neodymium iron boron permanent magnet materials, magnetic components, and the recycling of rare earth permanent magnet materials [4] - Its main products are widely used in various sectors, including new energy vehicles, energy-efficient air conditioning, wind power generation, and robotics [4] Financial Performance - The company's net profit attributable to shareholders decreased by 19.78% and 48.37% in 2023 and 2024, respectively, due to reduced exchange gains, increased R&D expenses, and intensified competition [4] - From Q2 2024 to Q2 2025, the company's net profit growth rates were -88.35%, -52.24%, 35.62%, 57.85%, and 703.06%, indicating a recovery trend [4] - In the first half of 2025, the company achieved operating revenue of 3.507 billion yuan, a year-on-year increase of 4.33%, with the main business revenue growing by 11.08% [5] Market Position and Growth Potential - The company is benefiting from the recovery of rare earth prices and increased demand in the new energy and energy-saving sectors, with significant growth in the sales of products for new energy vehicles and variable frequency air conditioning [7] - The company has established long-term strategic partnerships with major rare earth suppliers, ensuring stable raw material supply for production [7] - The company is also developing a recycling system for rare earth materials, which has a higher profit margin [7] Future Projections - Revenue projections for 2025-2027 are 9.268 billion yuan, 10.158 billion yuan, and 12.658 billion yuan, with year-on-year growth rates of 37.03%, 9.61%, and 24.61%, respectively [8] - The net profit attributable to shareholders is expected to reach 659 million yuan, 811 million yuan, and 982 million yuan in the same period, with growth rates of 126.45%, 23.05%, and 21.19% [8]

【环球网财经综合报道】近期，A股市场上市公司股份回购热情持续高涨。据记者不完全统计，仅7月以来，已有18家公司主动调高 了股份回购价格的上限，其中不乏上调幅度超140%的案例。这一现象被市场普遍解读为资本市场活跃度提升、上市公司投资信心回 暖的积极信号，旨在稳定市场预期并传递公司对未来发展的坚定信心。 股价上涨催生调价需求 8月26日晚，金力永磁公告，鉴于近期公司A股股价已超过回购方案拟定的价格上限，拟将回购股份价格上限由31.06元/股上调至42.66 元/股，上调幅度达37.35%。无独有偶，金春股份、透景生命、科思科技等多家公司也于同日宣布了类似调整。 记者梳理发现，此次回购价格上调潮主要源于两大原因：一是市场回暖，公司股价快速上涨，导致原定的回购价格上限已不具备可操 作性，为确保回购方案顺利实施而被动调整；二是基于对公司内在价值的认可和对未来持续稳定发展的信心，主动上调回购价格以彰 显决心。 以金力永磁为例，自其4月28日推出回购方案至今，公司股价已从20.34元/股涨至8月28日收盘的42.59元/股，涨幅高达109.49%。股价 的大幅上涨，使得原有的回购价格上限不符，上调回购价格成为保障方案落地 ...

8月28日早盘，A股三大指数集体低开，随后震荡走强，创业板指领涨。半导体、通信设备等板块涨幅居前，卫星通信概念表现活跃。全市场半日成交额约 1.8万亿元，较前一交易日温和放量。 截至午间收盘，双创龙头ETF(159603)上涨3.57%，成交2029.37万元。跟踪指数成分股天孚通信(300394)上涨18.07%，中芯国际(688981)上涨13.17%，澜起科 技(688008)上涨7.95%，寒武纪(688256)，新易盛(300502)等个股跟涨。 创业板ETF天弘(159977)上涨1.42%，成交9340.22万元。跟踪指数成分股天孚通信(300394)上涨18.07%，捷佳伟创(300724)上涨17.05%，金力永磁(300748)上 涨9.23%，新易盛(300502)，中际旭创(300308)等个股跟涨。 截至8月27日，创业板ETF天弘(159977)近1周规模增长4.50亿元，实现显著增长。 资金流入方面，创业板ETF天弘(159977)近5个交易日内有3日资金净流入，合计"吸金"2593.94万元。 双创龙头ETF(159603)紧密跟踪中证科创创业50指数，该指数从科创板和创业板中 ...