1月十大金股：一月策略和十大金股报告

Group 1 - The core viewpoint of the report highlights the performance of Shenhuo Co., which reported a revenue of 10.093 billion yuan in Q3 2024, representing a year-on-year increase of 6.02% and a quarter-on-quarter increase of 0.96% [1] - The net profit attributable to shareholders for Q3 2024 was 1.254 billion yuan, showing a year-on-year decrease of 8.00% but a quarter-on-quarter increase of 5.09% [1] - The report indicates that the company has a strong focus on shareholder returns, actively increasing the frequency of dividends [6] Group 2 - In Q3 2024, the average price of A00 aluminum in the Yangtze River nonferrous market was 19,565 yuan per ton, a year-on-year increase of 3.76% but a quarter-on-quarter decrease of 4.74% [2] - The average price of alumina in Q3 2024 was 3,844 yuan per ton, reflecting a year-on-year increase of 24.64% and a quarter-on-quarter increase of 5.81% [2] - The average price of pre-baked anodes for electrolytic aluminum in Q3 2024 was 4,320 yuan per ton, showing a year-on-year decrease of 10.28% and a quarter-on-quarter decrease of 4.14% [2] Group 3 - Shenhuo New Materials' Phase I project features core equipment such as aluminum foil rolling mills and slitting machines, all selected from internationally advanced levels [3] - The company has completed the commissioning of its Phase II project, which has an annual production capacity of 60,000 tons of new energy power battery materials [24] - The report predicts that Shenhuo Co. will achieve revenues of 37.72 billion yuan, 40.19 billion yuan, and 42.62 billion yuan for the years 2024, 2025, and 2026 respectively, maintaining a "buy" investment rating [18]