证券代码：301622 证券简称：英思特 公告编号：2025-058 包头市英思特稀磁新材料股份有限公司 关于召开 2025 年第三次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》等法律、行政法规、部门 规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 12 日 15:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 11 月 12 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2 ...

Core Viewpoint - The stock of YS Technology has shown a year-to-date increase of 29.22%, despite recent declines in the short term, indicating potential volatility in the market [1][2]. Company Overview - YS Technology, established on June 28, 2011, is located in Baotou, Inner Mongolia, and specializes in the research, production, and sales of rare earth permanent magnetic materials [1]. - The company's main revenue sources are magnetic component application devices (50.02%), single magnetic body application devices (40.23%), and other supplementary products (9.75%) [1]. Financial Performance - For the first half of 2025, YS Technology reported a revenue of 592 million yuan and a net profit attributable to shareholders of 76.98 million yuan, reflecting a year-on-year growth of 38.32% [2]. - Since its A-share listing, the company has distributed a total of 46.37 million yuan in dividends [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 12.14% to 16,100, with an average of 1,795 circulating shares per person, an increase of 13.82% [2]. - Notable new institutional shareholders include Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and Harvest CSI Rare Earth Industry ETF, indicating growing institutional interest [3].

Group 1 - The rare earth permanent magnet index experienced fluctuations and a downward trend, with most constituent stocks weakening [1] - An Tai Technology led the sector with a decline of 7.17%, while several other stocks, including Da Di Xiong, Bei Kuang Technology, Sheng He Resources, and Ying Si Te, saw declines exceeding 3% [1]

Core Viewpoint - The metal new materials sector experienced a rise of 1.78% on October 21, with significant contributions from leading stocks like Placo New Materials [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3916.33, up 1.36% [1] - The Shenzhen Component Index closed at 13077.32, up 2.06% [1] Group 2: Individual Stock Performance - Tianhe Magnetic Materials (603072) closed at 49.36, down 1.48% with a trading volume of 39,300 lots [1] - Jinli Permanent Magnet (300748) closed at 39.91, down 1.02% with a trading volume of 603,900 lots [1] - Zhongke Magnetic Industry (301141) closed at 60.15, down 0.66% with a trading volume of 32,200 lots [1] - Zhenghai Magnetic Materials (300224) closed at 16.73, down 0.06% with a trading volume of 253,400 lots [1] - Ningbo Yunsheng (600366) closed at 14.21, up 0.28% with a trading volume of 282,500 lots [1] - Youyan Powder Materials (688456) closed at 45.55, up 0.49% with a trading volume of 11,600 lots [1] - Insite (301622) closed at 80.73, up 0.71% with a trading volume of 10,100 lots [1] - Yingyubiao (000795) closed at 10.75, up 0.75% with a trading volume of 159,100 lots [1] - Galaxy Magnetic Materials (300127) closed at 35.60, up 0.76% with a trading volume of 165,800 lots [1] - Zhongke Sanhuan (000970) closed at 13.95, up 0.94% with a trading volume of 210,500 lots [1] Group 3: Capital Flow - The metal new materials sector saw a net outflow of 5.57 million yuan from main funds, while retail investors contributed a net inflow of 20.7 million yuan [1]

Core Viewpoint - On October 16, 2023, Yinstar experienced a decline of 2.47% in stock price, with a trading volume of 140 million yuan, indicating a negative sentiment in the market [1] Financing and Trading Data - On October 16, Yinstar had a financing buy-in amount of 11.21 million yuan and a financing repayment of 15.62 million yuan, resulting in a net financing outflow of 4.41 million yuan [1] - As of October 16, the total financing and securities lending balance for Yinstar was 19.4 million yuan, with the current financing balance accounting for 8.27% of the circulating market value [1] - In terms of securities lending, Yinstar repaid 200 shares and sold 100 shares on October 16, with a selling amount of 8,085 yuan at the closing price [1] Company Overview - Yinstar, officially known as Baotou Yinstar Rare Magnetic New Materials Co., Ltd., is located in Baotou City, Inner Mongolia, and was established on June 28, 2011, with a listing date set for December 4, 2024 [1] - The company's main business involves the research, production, and sales of rare earth permanent magnet materials, with revenue composition as follows: 50.02% from magnetic component application devices, 40.23% from single magnetic application devices, and 9.75% from other sources [1] Financial Performance - As of September 30, 2023, Yinstar had 16,100 shareholders, a decrease of 12.14% from the previous period, while the average circulating shares per person increased by 13.82% to 1,795 shares [2] - For the first half of 2025, Yinstar reported a revenue of 592 million yuan and a net profit attributable to the parent company of 76.98 million yuan, reflecting a year-on-year growth of 38.32% [2] Dividend and Shareholding Structure - Since its A-share listing, Yinstar has distributed a total of 46.37 million yuan in dividends [3] - As of June 30, 2025, the top ten circulating shareholders included several new entrants, such as Southern CSI 1000 ETF, holding 323,300 shares, and Huaxia CSI 1000 ETF, holding 190,800 shares [3]

Core Viewpoint - Jinli Permanent Magnet's stock price has experienced a significant increase, with a cumulative rise of 39.94% from October 9 to 13, driven by strong earnings forecasts and market interest in the rare earth permanent magnet sector [1][3][5]. Company Performance - Jinli Permanent Magnet announced a projected net profit growth of 157% to 179% for the first three quarters of 2025, with a non-GAAP net profit increase of 365% to 415% [1][15]. - The company reported a revenue of 35.07 billion yuan for the first three quarters, a year-on-year increase of 4.33%, with a net profit of 3.05 billion yuan, up 154.81% [11][17]. - The strong performance is attributed to the recovery in rare earth prices and effective cost management, with significant contributions from the electric vehicle and wind power sectors [7][12]. Market Dynamics - The recent surge in Jinli Permanent Magnet's stock is linked to renewed market interest in the rare earth industry, particularly following the Ministry of Commerce's announcements regarding export controls on rare earth-related items [5][8]. - The stock reached a historical high of 47.77 yuan per share on October 13, representing an increase of approximately 184% from the beginning of the year [5][9]. Industry Trends - The rare earth permanent magnet sector is experiencing a structural upturn, with expectations of increased demand driven by the electric vehicle and clean energy markets [7][11]. - Analysts suggest that the current market performance of Jinli Permanent Magnet reflects a phase of emotional release rather than a typical bubble, with a potential price range of 40-45 yuan per share seen as the upper limit for emotional premium [8][9]. Future Outlook - Jinli Permanent Magnet is expected to maintain high growth until 2026, but challenges may arise post-2027, particularly regarding the realization of growth in emerging sectors like robotics and low-altitude aircraft [18][19]. - The company faces risks related to inventory and price fluctuations, which could impact future earnings visibility if demand does not meet expectations [18][19].

Core Insights - On October 13, 2023, YS Tech's stock rose by 5.41%, with a trading volume of 489 million yuan [1] - The company reported a net financing purchase of 5.55 million yuan on the same day, with a total financing and securities balance of 200 million yuan [1] Financial Performance - For the first half of 2025, YS Tech achieved a revenue of 592 million yuan and a net profit attributable to shareholders of 76.98 million yuan, representing a year-on-year growth of 38.32% [2] - Cumulative cash dividends since the A-share listing amount to 46.37 million yuan [2] Shareholder Structure - As of September 30, 2023, the number of YS Tech shareholders decreased by 12.14% to 16,100, while the average circulating shares per person increased by 13.82% to 1,795 shares [2] - New institutional shareholders include Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and Jiashi CSI Rare Earth Industry ETF, with significant holdings [2]

Group 1 - The core point of the news is the performance and market position of YSST, which saw a 5.09% increase in stock price, reaching 86.44 CNY per share, with a total market capitalization of 10.02 billion CNY [1] - YSST is located in Baotou, Inner Mongolia, and specializes in the research, production, and sales of rare earth permanent magnet materials, with its main business revenue composition being 50.02% from magnetic component application devices, 40.23% from single magnetic application devices, and 9.75% from other sources [1] - The trading volume for YSST was 256 million CNY, with a turnover rate of 10.51% [1] Group 2 - Among YSST's top ten circulating shareholders, Huaxia Fund's Huaxia CSI 1000 ETF (159845) entered the list in the second quarter, holding 190,800 shares, which is 0.66% of the circulating shares [2] - The Huaxia CSI 1000 ETF has a total scale of 38.227 billion CNY and has achieved a year-to-date return of 27.78%, ranking 2036 out of 4220 in its category [2] - The fund manager of Huaxia CSI 1000 ETF is Zhao Zongting, who has been in the position for 8 years and 182 days, with the fund's total asset scale reaching 389.148 billion CNY [3]

Core Viewpoint - The Chinese government has expanded export controls on superhard materials, certain rare earth equipment, and lithium battery components, indicating a strategic move to strengthen domestic industry competitiveness and control over critical technologies [2][3]. Group 1: Export Control Scope - The scope of export controls has widened to include dual-use items requiring export licenses, particularly those involving rare earth materials and technologies used in military applications [3]. - Specific items under control include artificial diamond micro-powder, rare earth production equipment, and lithium negative electrode materials [2][3]. Group 2: Focus on Key Areas - Export applications related to military, lethal weapons, and terrorism are generally not permitted, highlighting the government's focus on national security [3]. - The announcement emphasizes controls on technologies related to chip manufacturing and artificial intelligence, particularly for processes involving 14nm logic chips and 256-layer storage chips [3]. Group 3: Technology Control - Export controls now explicitly cover rare earth mining, smelting, and recycling technologies, extending to the assembly, debugging, maintenance, and upgrading of related production lines [4]. - The controls include not just the products but also technical data such as design blueprints and process specifications, indicating a comprehensive approach to safeguarding advanced manufacturing capabilities [4]. Group 4: Industry Impact - The tightening of export controls is expected to significantly impact the rare earth industry, particularly in the deep processing of magnetic materials, ensuring that high-value processes remain within China [4]. - Key companies in this sector include Guangsheng Nonferrous, China Rare Earth, and Northern Rare Earth, with notable players in the magnetic materials field such as Zhenghai Magnetic Materials and Ningbo Yunsheng [4].

Group 1 - The integrated application project for rare earth permanent magnet materials has officially commenced construction in Baotou High-tech Zone, currently in the foundational construction phase [2] - The company is steadily advancing all related work and expanding its technological reserves in the relevant fields to enhance its industrial layout and market competitiveness [2]