Core Insights - The Ministry of Industry and Information Technology and six other departments have jointly released the "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)", emphasizing strict control over new refining capacity and supporting projects that reduce oil dependency and upgrade old facilities [1] - The industrial sector has seen a significant rebound in revenue and profits in August, primarily due to a low base effect, with upstream profit growth slowing and midstream and downstream sectors growing over 25% year-on-year [1] - The cobalt export quota system implemented by the Democratic Republic of the Congo raises concerns about potential raw material shortages, with export quotas set at 18,000 tons for late 2025 and 96,600 tons annually for 2026-2027, indicating a shift from surplus to potential shortage in cobalt resources [2] Industry Summary - The petrochemical industry is expected to undergo structural optimization, with the elimination of outdated capacity and accelerated industrial transformation, creating opportunities for companies with technological advantages and extended supply chains [1] - The equipment manufacturing and raw materials sectors have shown significant profit growth, while the beverage and alcohol sectors have also improved due to short-term demand fluctuations [2] - The market for cobalt is likely to maintain high prices in the medium to long term due to the new export quota system and increased demand from downstream sectors during the peak consumption season [2] ETF Market Insights - As of September 30, 2025, the CSI All Materials Index rose by 1.52%, with the Materials ETF (159944) increasing by 2.06%, marking five consecutive days of gains [3] - The top ten weighted stocks in the index account for 30%, with notable increases in companies like Huayou Cobalt and Luoyang Molybdenum [3] - The current price-to-book ratio of the index is 2.09, lower than other similar indices, aligning with the strategy of investing in undervalued cyclical industries [3]

Market Overview - The A-share market experienced an overall upward trend on September 30, with the Sci-Tech Innovation 50 Index reaching a new high for the year, showing an intraday increase of over 2% [3] - New stocks listed on both A-share and Hong Kong markets performed well, with significant gains on their debut [7][15] New Stock Performance - A-share market saw two new stocks listed, with Yunhan Xincheng (301563) experiencing an intraday surge of over 400%, potentially yielding a profit of approximately 57,500 yuan per lot, ranking among the top for the year [8][10] - The other new stock, Ruili Kemi, saw an intraday increase of nearly 90% [11] - In the Hong Kong market, three new stocks were listed, with Xipuni showing an intraday rise of nearly 340% and maintaining a gain of about 250% [12][17] Industry Highlights - The non-ferrous metals sector saw significant gains, with the sector rising over 2% during the session [5] - Key stocks in this sector included Platinum New Materials, which rose by 14.18%, and others like Boki New Materials and Jingyi Co., which also hit their daily limit [4][5] - Gold and silver prices continued to rise, with domestic gold futures reaching a historical high, surpassing 870 yuan per gram [4] Company Insights - Yunhan Xincheng focuses on electronic component distribution and industrial internet integration, providing a one-stop supply chain service for the electronic manufacturing industry [10] - Ruili Kemi specializes in the research, production, and sales of active safety systems for vehicles, positioning itself as a leader in the commercial vehicle safety system market [12] - Xipuni, a leading designer and manufacturer of gold watch cases, is projected to grow its revenue from 324 million yuan to 457 million yuan from 2022 to 2024, with a compound annual growth rate of 28.2% [13] - Botai Che Lian, a supplier of intelligent cockpit solutions, is the third-largest provider in the Chinese passenger car market, holding a market share of 7.3% [18] Stock Index Performance - The Hang Seng Index showed low volatility, initially rising but later narrowing its gains, with notable movements among its constituent stocks [15][16] - Semiconductor company Huahong Semiconductor saw a significant rise of over 13% following an announcement regarding a share issuance and acquisition [19]

Group 1 - The core viewpoint of the news highlights a strong performance in the A-share market for the non-ferrous metal sector, with significant gains in various companies following the release of a new growth plan for the industry [1] - On September 28, eight departments issued the "Non-Ferrous Metal Industry Stabilization and Growth Work Plan (2025-2026)", aiming for an average annual growth of about 5% in the industry's added value and a 1.5% annual growth in the production of ten non-ferrous metals [1] - The plan emphasizes the need for improved resource development in copper, aluminum, and lithium, with a target of exceeding 20 million tons in recycled metal production and enhancing the supply capacity of high-end products [1] Group 2 - Notable stock performances include: - Platinum Technology Materials up 14.55% with a market cap of 24.9 billion [2] - Huaxi Nonferrous up 10.01% with a market cap of 21.4 billion [2] - Boji New Materials up 10% with a market cap of 17.1 billion [2] - Other companies such as Xiyang Co., Jiangxi Copper, and Huayou Cobalt also saw significant increases, with gains ranging from 5% to over 8% [1][2] - The overall market sentiment is positive, driven by the MACD golden cross signal formation, indicating a favorable trend for these stocks [2]

Group 1 - The rare metals ETF has achieved a maximum monthly return of 24.02% since its inception, with the longest consecutive monthly increase being 4 months and a total increase of 57.92%, averaging a monthly return of 8.74% during rising months [3] - The Ministry of Industry and Information Technology and eight other departments have issued a plan for the non-ferrous metals industry, projecting an average annual growth of around 5% in value-added for 2025-2026, with a 1.5% average annual growth in the production of ten non-ferrous metals, and a breakthrough of 20 million tons in recycled metal production [3] - Strategic metals like antimony and tungsten have seen price increases due to upgraded export controls, while cobalt prices have risen significantly due to extended export bans from the Democratic Republic of Congo [3] Group 2 - As of August 29, 2025, the top ten weighted stocks in the CSI Rare Metals Theme Index account for 57.58% of the index, including companies like Northern Rare Earth, Luoyang Molybdenum, and Ganfeng Lithium [4] - The ETF for rare metals (561800) serves as a convenient investment tool for investors looking to allocate funds in the rare metals sector [6]

Core Viewpoint - The recent surge in the non-ferrous metal sector is driven by a significant policy announcement aimed at stabilizing growth in the industry, leading to a notable increase in stock prices for related companies in both Hong Kong and A-shares markets [3][4]. Group 1: Market Performance - In the Hong Kong stock market, several non-ferrous metal companies saw substantial gains, including Zijin Mining (+5.60%), Ganfeng Lithium (+5.37%), and China Aluminum International (+5.29%) [1]. - A-shares also experienced a positive trend, with companies like Yicheng New Energy and Boqian New Materials hitting the daily limit up, and Hengdian East Magnetic rising by 6.16% [2]. Group 2: Policy Impact - The Ministry of Industry and Information Technology, along with eight other departments, released the "Non-Ferrous Metal Industry Stabilization Growth Work Plan (2025-2026)", projecting an average annual growth of around 5% in the industry's added value and a 1.5% increase in the production of ten major non-ferrous metals [3]. - The plan addresses current challenges in the industry, proposing ten initiatives focused on resource security, supply optimization, transformation promotion, consumption expansion, and strengthening cooperation [3]. Group 3: Industry Outlook - The non-ferrous metal industry is showing strong performance, with a reported 7.8% year-on-year increase in the added value of large-scale non-ferrous metal industries from January to August 2025, outpacing the overall industrial growth [3]. - Analysts from various institutions express optimism about the sector's future, citing factors such as potential interest rate cuts by the Federal Reserve and seasonal demand increases in the aluminum and lithium markets [5].

Group 1 - The A-share market has seen a strong performance in the non-ferrous metal sector, with stocks such as Bojian New Materials and Vanadium Titanium Co. hitting the 10% daily limit up, while others like Shengda Resources and Yinhai Magnetic Materials rose over 6% [1] - The Ministry of Industry and Information Technology, along with eight other departments, has issued a "Work Plan for Stable Growth in the Non-Ferrous Metal Industry," which includes implementing a new round of mineral exploration strategies and enhancing resource surveys for copper, aluminum, lithium, nickel, cobalt, and tin [1] - The plan aims for an average annual growth of about 5% in the value added of the non-ferrous metal industry from 2025 to 2026 [1] Group 2 - Specific stock performances include: - Bojian New Materials (code: 605376) with a market cap of 15.6 billion and a year-to-date increase of 106.32% [2] - Vanadium Titanium Co. (code: 000629) with a market cap of 28.6 billion and a year-to-date increase of 6.94% [2] - Shengda Resources (code: 000603) with a market cap of 17.2 billion and a year-to-date increase of 108.85% [2] - Yinhai Magnetic Materials (code: 300127) with a market cap of 11.1 billion and a year-to-date increase of 41.62% [2] - Other notable performers include: - Ganfeng Lithium (code: 002460) with a market cap of 116.7 billion and a year-to-date increase of 62.73% [2] - China Aluminum (code: 601600) with a market cap of 134.7 billion and a year-to-date increase of 8.68% [2]

Company Overview - Shenzhen Placo New Materials Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on September 17, 2009. The company was listed on December 30, 2019. Its main business involves the research, production, and sales of metal soft magnetic powders, metal soft magnetic powder cores, and inductive components, providing high-performance soft magnetic materials and modular inductors for efficient, stable, energy-saving, and environmentally friendly operation of power electronic devices or systems [1]. Financial Performance - As of June 30, 2025, Placo New Materials achieved operating revenue of 861 million yuan, representing a year-on-year growth of 8.11%. The net profit attributable to the parent company was 191 million yuan, with a year-on-year increase of 3.28% [2]. - Since its A-share listing, the company has distributed a total of 174 million yuan in dividends, with 120 million yuan distributed over the past three years [3]. Stock Performance - On September 26, the stock price of Placo New Materials decreased by 2.02%, trading at 73.63 yuan per share, with a total market capitalization of 21.317 billion yuan. The stock has increased by 37.09% year-to-date, but has seen a decline of 3.69% over the last five trading days and a slight decrease of 0.43% over the last 20 days. However, it has risen by 64.50% over the past 60 days [1]. - The company has a total of 20,800 shareholders as of June 30, 2025, which is an increase of 3.76% from the previous period. The average number of circulating shares per person is 11,075, a decrease of 3.42% [2]. Shareholder Information - As of June 30, 2025, among the top ten circulating shareholders, Huaxia Industry Prosperity Mixed A (003567) is the third-largest shareholder with 4.6918 million shares, an increase of 300,000 shares from the previous period. Guotou Ruijin New Energy Mixed A (007689) is the tenth-largest shareholder with 2.1752 million shares, a decrease of 64,100 shares [3].

Group 1 - The core point of the news is that Placo New Materials Co., Ltd. experienced a decline of 5.05% in its stock price, reaching 73.30 yuan per share, with a trading volume of 496 million yuan and a turnover rate of 2.75%, resulting in a total market capitalization of 21.22 billion yuan [1] - Placo New Materials, established on September 17, 2009, and listed on December 30, 2019, is based in Shenzhen, Guangdong Province. The company specializes in the research, production, and sales of metal soft magnetic powders, metal soft magnetic powder cores, and inductive components, providing high-performance soft magnetic materials and modular inductance solutions for efficient and environmentally friendly operation of power electronic devices [1] - The company's main business revenue composition includes: 96.69% from metal soft magnetic powder products, 3.07% from metal soft magnetic powders, and 0.25% from other business income [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under Penghua Fund has a significant position in Placo New Materials. The 1000 ETF Enhanced (560590) held 3,800 shares in the second quarter, accounting for 1.1% of the fund's net value, ranking as the ninth largest holding [2] - The 1000 ETF Enhanced (560590) was established on September 1, 2023, with a latest scale of 16.0187 million. Year-to-date, it has achieved a return of 30.95%, ranking 1610 out of 4220 in its category; over the past year, it has returned 71.84%, ranking 1218 out of 3814; and since its inception, it has returned 41.49% [2]

Group 1 - The core viewpoint of the report indicates that Platinum Science and Technology achieved a net profit attributable to shareholders of approximately 190 million yuan in the first half of 2025, representing a year-on-year growth of about 3.3% [1] - In the second quarter of 2025, the company reported a net profit of 120 million yuan, which is a year-on-year increase of 3.4% and a quarter-on-quarter growth of 59.3% [1] - The metal soft magnetic powder core business showed steady growth during the first half of 2025 [1]

Market Overview - On September 17, the metal new materials sector rose by 1.95%, with Huitong New Materials leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Top Performers - Huitong New Materials (Code: 833751) closed at 25.15, up 7.16% with a trading volume of 47,400 shares and a transaction value of 116 million [1] - Jinli Permanent Magnet (Code: 300748) closed at 37.90, up 6.49% with a trading volume of 928,700 shares and a transaction value of 344.3 million [1] - Tunan Co., Ltd. (Code: 300855) closed at 28.49, up 4.63% with a trading volume of 83,600 shares and a transaction value of 235 million [1] Underperformers - Shenzhen New Star (Code: 603978) closed at 20.51, down 3.93% with a trading volume of 161,500 shares [2] - Youyan Powder Materials (Code: 688456) closed at 51.93, down 3.83% with a trading volume of 38,200 shares [2] - Zhongzhou Special Materials (Code: 300963) closed at 18.36, down 1.98% with a trading volume of 115,100 shares [2] Capital Flow - The metal new materials sector saw a net inflow of 287 million from institutional investors, while retail investors experienced a net outflow of 234 million [2][3] - Major stocks like Jinli Permanent Magnet and Boweitai Gold saw significant net inflows from institutional investors, indicating strong institutional interest [3] Summary of Individual Stock Performance - Jinli Permanent Magnet had a net inflow of 221 million from institutional investors, while retail investors saw a net outflow of 174 million [3] - Boweitai Gold had a net inflow of 46.73 million from institutional investors, with retail investors experiencing a net outflow of 1.94 million [3] - Zhenghai Magnetic Materials had a net inflow of 45.98 million from institutional investors, while retail investors saw a net outflow of 4.52 million [3]