Core Viewpoint - The rare earth permanent magnet sector is experiencing a strong market performance, driven by favorable policies, supply-demand dynamics, and new resource discoveries, indicating significant growth potential for related companies and the industry as a whole [1][3][4]. Policy Support - The Chinese government continues to enhance support for the rare earth sector, with the implementation of the "Rare Earth Management Regulations" in October 2024, prohibiting illegal activities related to rare earth products [3]. - The "Rare Earth Industry Development Plan (2025-2030)" aims to optimize resource allocation and promote high-end applications, reinforcing market expectations for regulated industry growth [3]. - Recent statements from the Ministry of State Security emphasize the need for improved management of strategic mineral resources, further solidifying the regulatory framework for the rare earth industry [3]. Market Dynamics - According to a report by China International Capital Corporation, the global supply-demand gap for praseodymium and neodymium oxide is projected to be 28 tons, 1,525 tons, and 1,018 tons from 2025 to 2027, indicating a sustained tight supply and potential for moderate price increases [1]. - The rare earth permanent magnet market is expected to exceed $24.95 billion by 2025, with China dominating over 90% of global production, highlighting its strategic importance in high-end manufacturing sectors [4]. New Resource Discoveries - A recent discovery of a new rare earth mineral, "Neodymium Huanghe Mine," in Inner Mongolia is expected to enhance China's position in the global rare earth supply chain, particularly for neodymium, which is crucial for high-performance permanent magnets [5][6]. Industry Performance - Preliminary half-year reports from rare earth companies indicate strong performance, attributed to rising rare earth prices, growing demand in the renewable energy sector, and benefits from increased industry concentration [7]. - Analysts suggest that domestic rare earth pricing remains relatively low, with potential for price increases supported by government policies, which could further enhance company performance in the sector [7].

Market Overview - The Shanghai Composite Index increased by 0.48% as of the morning close, with a trading volume of 961.23 million shares and a total transaction value of 1,133.02 billion yuan, representing a decrease of 2.25% compared to the previous trading day [1]. Industry Performance - The top-performing sectors included: - Retail: Increased by 2.31% with a transaction value of 191.00 billion yuan, led by China Duty Free Group, which rose by 10.00% [1]. - Non-ferrous Metals: Increased by 2.29% with a transaction value of 874.12 billion yuan, led by Longi Green Energy, which rose by 14.35% [1]. - Real Estate: Increased by 2.06% with a transaction value of 152.98 billion yuan, led by Hainan Airport, which rose by 10.11% [1]. - Steel: Increased by 2.03% with a transaction value of 175.98 billion yuan, led by Baosteel, which rose by 10.04% [1]. - The sectors with the largest declines included: - Banking: Decreased by 0.92% with a transaction value of 211.32 billion yuan, led by Qilu Bank, which fell by 2.53% [2]. - Communication: Decreased by 0.82% with a transaction value of 449.61 billion yuan, led by Taicheng Light, which fell by 8.68% [2]. - Public Utilities: Decreased by 0.79% with a transaction value of 226.43 billion yuan, led by Huadian New Energy, which fell by 4.77% [2]. Summary of Key Stocks - Notable gainers included: - China Duty Free Group: +10.00% [1]. - Longi Green Energy: +14.35% [1]. - Hainan Airport: +10.11% [1]. - Notable decliners included: - Qilu Bank: -2.53% [2]. - Taicheng Light: -8.68% [2]. - Huadian New Energy: -4.77% [2].

Group 1: Stock Performance Related to Hainan - Multiple stocks related to Hainan have shown significant price increases, with stocks like 康芝药业 (20.00% increase) and 海峡股份 (9.99% increase) making notable gains due to their association with Hainan's economic initiatives [2][3] - Stocks such as 海汽集团 and 海南高速 also recorded first boards with increases of 10.01% and 10.01% respectively, driven by Hainan's focus on tourism and infrastructure [2][3] Group 2: Super Water Power Project - The announcement of a 1.2 trillion yuan investment in a super water power project has led to a surge in related stocks, with 西藏天路 and 保利联合 both achieving 10.04% increases [4][5][7] - The project is expected to stimulate growth in the engineering and construction sectors, benefiting companies involved in these industries [12][23] Group 3: Rare Earth Permanent Magnet Market - According to 中金公司, the global supply-demand gap for rare earth oxides is projected to remain tight from 2025 to 2027, which may lead to a moderate increase in rare earth prices [8] - Stocks like 中科三环 and 包钢股份 have responded positively, with increases of 10.03% and 10.04% respectively, reflecting investor sentiment towards the rare earth sector [9][11] Group 4: Lithium Battery Sector - The lithium battery sector is experiencing growth, with stocks like 永杉锂业 and 西藏矿业 both achieving 10.02% increases, driven by rising lithium carbonate prices [16] - The demand for lithium batteries is expected to continue growing, supported by advancements in electric vehicles and renewable energy [16] Group 5: Robotics Industry - The robotics sector is seeing renewed interest, with stocks like 长青科技 increasing by 10.00% as positive changes in the domestic and international robotics supply chain emerge [17][18] - The sentiment in the human-shaped robot segment is improving, indicating potential for future growth in this industry [17] Group 6: Semiconductor Equipment Market - SEMI predicts that global semiconductor manufacturing equipment sales will reach a record $125.5 billion by 2025, indicating a 7.4% year-on-year growth [25] - Stocks such as 东方嘉盛 and 中颖电子 have shown positive performance, with increases of 10.03% and 16.53% respectively, reflecting optimism in the semiconductor sector [26]

Group 1 - The core viewpoint of the article highlights the resurgence of rare earth permanent magnet stocks, with Longi Technology rising over 10% and other companies like Zhongke Sanhuan and Dadi Xiong increasing by over 5% [1] - According to CICC's estimates, the global supply-demand gap for praseodymium and neodymium oxide from 2025 to 2027 is projected to be 28 tons, 1525 tons, and 1018 tons, representing 0.02%, 1.24%, and 0.78% of demand respectively [1] - The global supply-demand situation for praseodymium and neodymium oxide is expected to remain tight, leading to a moderate increase in rare earth prices [1]

Group 1 - The rare earth permanent magnet sector experienced a significant rise, with Longi Magnet Technology (300835) increasing by over 10% [1] - Other companies in the sector, including Zhongke Sanhuan (000970), Xiamen Tungsten (600549), Northern Rare Earth (600111), Guangsheng Nonferrous (600259), and Galaxy Magnet (300127), also saw upward movement [1] - There is a notable influx of dark pool funds into these stocks, indicating increased investor interest [1]

Core Viewpoint - The company is poised to become a rising star in AI chip inductors and automotive inductors, entering a rapid growth phase. It is a rare producer of high-performance ferrite permanent magnets and soft magnetic materials, with production capacity expected to expand from 45,000 tons to 60,000 tons, surpassing Japan's TDK, the current largest player in the market. The global industry is pursuing high-performance ferrite composite materials as a substitute for rare earth permanent magnets, with some companies already achieving this transition. The company's overseas high-performance ferrite products are in high demand, leading to both volume and price increases [1]. Group 1: High-Performance Ferrite Permanent Magnets - The company is a rare producer of high-performance ferrite permanent magnets, with production capacity expected to reach 45,000 tons per year by the end of 2024, with a planned gradual expansion to 60,000 tons per year, surpassing TDK. The proportion of high-performance products with more than nine materials is continuously increasing, and the laboratory has completed 15 material products, achieving a globally leading level. The company is one of the few with overseas ferrite permanent magnet production bases, benefiting from the global shortage of rare earth magnetic materials and cost reduction needs, leading to rapid growth in both volume and price [2][3]. Group 2: Soft Magnetic Business Expansion - The company is accelerating its layout in the soft magnetic sector, developing a comprehensive soft magnetic supply chain that includes soft magnetic powder, magnetic powder cores, and inductors. It has established production lines for metal soft magnetic and ferrite soft magnetic products in Anhui and is now part of the supply chain for leading domestic and international new energy vehicle companies. The company is building an 8,000 tons per year soft magnetic base in Thailand, leveraging regional advantages to support overseas customers, and plans to construct a 10,000 tons per year soft magnetic project in Anhui, with total soft magnetic capacity expected to exceed 25,000 tons per year upon completion [3]. Group 3: AI Chip Inductors and Automotive Inductors - The company has made significant breakthroughs in chip inductors, entering the supply chain of internationally renowned semiconductor companies and beginning shipments, marking a transition from 0 to 1 in AI chip inductors. With the rapid development of AI computing power, the demand for small, high-power chip inductors is growing quickly, and the company's chip inductor business is expected to expand significantly. Additionally, the company is making strides in automotive inductors, entering the supply chains of overseas companies, and its inductor business is poised for accelerated growth. The integrated supply chain of soft magnetic powder, soft magnetic powder cores, and chip/automotive inductors has taken shape, showcasing significant collaborative advantages and promising growth potential [4]. Group 4: Financial Projections - The company is projected to achieve revenues of 1.64 billion, 2.19 billion, and 2.97 billion yuan from 2025 to 2027, with net profits attributable to the parent company expected to be 210 million, 350 million, and 510 million yuan, corresponding to price-to-earnings ratios of 28, 17, and 12 times, respectively, indicating a "buy" rating [4].

Group 1 - The State Council Information Office will hold two press conferences on July 18, focusing on the achievements of the "14th Five-Year Plan" for high-quality business development and the industrial and information development situation for the first half of 2025 [1] Group 2 - On July 18, a total of 11 companies will have their restricted shares unlocked, with a total of 49.2048 million shares, amounting to a market value of 872 million yuan based on the latest closing price [2] - China Communications Construction Company, Qingju Technology, and Meiri Interactive have the highest number of unlocked shares, with 31.2018 million, 8.601 million, and 2.577 million shares respectively [2] - In terms of market value, China Communications Construction Company, Qingju Technology, and Meiri Interactive also lead, with unlocked values of 279 million yuan, 224 million yuan, and 93.7255 million yuan respectively [2] - Qingju Technology, Zhecheng Electronics, and Jingzhida have the highest percentage of unlocked shares relative to total share capital, at 6.43%, 1.17%, and 1.0% respectively [2] Group 3 - On July 18, 12 companies disclosed 14 updates related to stock repurchases, with 4 companies announcing new repurchase plans and 7 companies completing their repurchase plans [3] - China Nuclear Power, Hongta Securities, and Suoling Co. have the highest repurchase plan amounts, proposing to repurchase up to 500 million yuan, 200 million yuan, and 1.04 million yuan respectively [3] - Longmag Technology has the highest repurchase amount approved by shareholders, proposing to repurchase up to 2.124 million yuan [3] - Feiwo Technology has completed the highest repurchase amount, totaling 1.5296 million yuan [3]

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于安徽龙磁科技股份有限公司 2025年第一次临时股东大会的法律意见书 致：安徽龙磁科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）和中国证券监督管理委员会《上市公司 股东会规则》的规定，国浩律师（上海）事务所接受安徽龙磁科技股份有限公司 （以下简称"公司"）董事会的聘请，指派许航律师、刘悦律师出席并见证了公司 于2025年7月17日在安徽省合肥市政务区南二环路3818号天鹅湖万达广场1号楼 23层会议室召开的2025年第一次临时股东大会，并依据有关法律、法规、规范性 文件及《公司章程》的规定，对本次股东大会的召集、召开程序、出席人员资格、 召集人资格、大会表决程序等事宜进行了审查，现发表法律意见如下： 一、本次股东大会的召集、召开程序 1、公司已于2025年7月2日在巨潮资讯网向公司股东发出了召开公司2025年 第一次临时股东大会的会议通知。经核查，通知载明了会议的时间、地点、内 容、会议出席对象，并说明了有权出席会议的股东的股权登记日、出席会议的 股东的登记方法、联系电 ...

证券代码：300835 证券简称：龙磁科技 公告编号：2025-034 安徽龙磁科技股份有限公司 2025 年第一次临时股东大会决议公告 本公司及全体董事保证公告内容的真实、准确和完整，公告不存在虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会未涉及变更前次股东大会决议； 2、本次股东大会以现场投票和网络投票相结合的方式召开，中小投资者单 独计票。 一、会议召开和出席情况 1、股东大会届次：2025 年第一次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次会议召集程序符合有关法律、法规、规 范性文件和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议召开时间为：2025 年 7 月 17 日下午 14:30 （2）网络投票时间为：2025 年 7 月 17 日 参加本次股东大会现场投票和网络投票的股东及股东代表共 227 人，代表股 份 56,604,854 股，占公司有表决权股份总数的 48.8465％。其中，中小投资者（除 公司的董事、监事、高级管理人员及单独或合计持有公司 5%以上股份股东以外 的其他股东）共计 219 人，代表股份 7,7 ...

Core Points - The company announced the lifting of restrictions on 437,458 shares of restricted stock on July 8, 2025, which represents 0.3665% of the total share capital [1][14] - A total of 86 individuals are eligible for the lifting of restrictions under the 2023 Restricted Stock Incentive Plan [1][14] - The second lifting of restrictions is based on the fulfillment of specific performance conditions outlined in the incentive plan [6][9] Summary by Sections Incentive Plan Approval and Conditions - The board of directors and the supervisory board approved the lifting of restrictions on the second phase of the 2023 Restricted Stock Incentive Plan during meetings held on July 1, 2025 [1][2] - The plan's second lifting period lasts from the completion of the stock grant registration for 24 months, with the lifting conditions needing to be met [6][9] Performance Metrics - The performance metrics for the lifting of restrictions include revenue growth and net profit growth, with specific targets set based on the company's 2022 financial performance [8][10] - The company achieved a revenue of approximately 1.17 billion yuan and a net profit of approximately 111 million yuan for the year 2024, meeting the required performance conditions [8][10] Changes in Incentive Plan Participants - The number of eligible participants in the incentive plan was adjusted from 92 to 91 due to one participant voluntarily opting out [11][12] - The stock grant price was adjusted from 17.67 yuan to 17.47 yuan per share following the company's 2022 equity distribution [11][12] Stock Buyback and Cancellation - The company has conducted buybacks and cancellations of restricted stocks due to participants leaving the company or not meeting performance targets, resulting in a reduction of eligible shares [12][14] - A total of 739,096 shares were repurchased and canceled due to performance not meeting the set targets for the first lifting period [12][14]