Core Viewpoint - China Nuclear Titanium White plans to sell its wholly-owned subsidiary Hami Zhonghe Vanadium Titanium for a base price of 121 million yuan, marking a strategic shift to optimize its industrial layout and focus on core business areas [1][3][5]. Group 1: Asset Sale Details - The sale of Hami Zhonghe Vanadium Titanium is set to occur on August 5, 2025, with a base price of 121 million yuan, which is the assessed value excluding tax [3][4]. - Hami Zhonghe Vanadium Titanium was established in March 2023 with a registered capital of 500 million yuan, aimed at securing upstream vanadium-titanium mineral resources [3][4]. - The subsidiary has reported losses of 272,800 yuan and 251,700 yuan for the first eight months of 2024 and 2025, respectively, with zero revenue during the same period [4][5]. Group 2: Financial Performance - In the first half of 2025, China Nuclear Titanium White achieved a revenue of 3.77 billion yuan, a year-on-year increase of 19.66%, while net profit decreased by 14.83% to 259 million yuan [1][5]. - The company’s titanium dioxide main business generated a revenue of 3.02 billion yuan in the first half of 2025, reflecting a 13.25% year-on-year growth, but with a gross margin of 13.21%, down 5.3 percentage points [6]. Group 3: Strategic Shift - The company is undergoing a name change to "Titanium Energy Chemical Co., Ltd." to align with its strategic focus on the three industries of titanium chemicals, phosphorus chemicals, and new energy materials [2][6]. - The divestiture of the vanadium-titanium subsidiary is part of a broader strategy to concentrate resources on core production areas in Gansu and Guizhou, enhancing operational efficiency [5][6].

责任编辑：小浪快报 资料显示，湖北兴发化工集团股份有限公司位于湖北省宜昌市伍家岗区沿江大道188-9号兴发大厦，成 立日期1994年8月17日，上市日期1999年6月16日，公司主营业务涉及从事磷矿石的开采及销售,磷酸 盐、磷肥、草甘膦、有机硅等化工产品的生产和销售以及贸易业务。主营业务收入构成为：特种化学品 17.88%，农药17.57%，商贸物流17.19%，其他14.22%，肥料13.16%，矿山采选10.60%，有机硅系列 9.37%。 兴发集团所属申万行业为：基础化工-农化制品-磷肥及磷化工。所属概念板块包括：草甘膦、生物农 药、磷化工、化肥、氟化工等。 截至9月10日，兴发集团股东户数4.90万，较上期减少1.19%；人均流通股22537股，较上期增加1.21%。 2025年1月-6月，兴发集团实现营业收入146.20亿元，同比增长9.07%；归母净利润7.27亿元，同比减少 9.72%。 分红方面，兴发集团A股上市后累计派现48.14亿元。近三年，累计派现28.69亿元。 机构持仓方面，截止2025年6月30日，兴发集团十大流通股东中，南方中证500ETF（510500）位居第七 大流通股东，持 ...

Company Overview - Jincheng Mining Management Co., Ltd. is located in Fengtai District, Beijing, and was established on January 7, 2008. The company was listed on June 30, 2015. Its main business includes mining engineering construction, mining operation management, mining design, and technology research and development [1][2]. Financial Performance - For the period from January to June 2025, Jincheng achieved operating revenue of 6.316 billion yuan, representing a year-on-year growth of 47.82%. The net profit attributable to shareholders was 1.111 billion yuan, reflecting an increase of 81.29% year-on-year [2]. - Since its A-share listing, Jincheng has distributed a total of 768 million yuan in dividends, with 477 million yuan distributed over the past three years [3]. Stock Performance - As of September 24, Jincheng's stock price increased by 2.04% to 63.06 yuan per share, with a trading volume of 354 million yuan and a turnover rate of 0.91%. The total market capitalization is 39.336 billion yuan [1]. - Year-to-date, Jincheng's stock price has risen by 75.90%, with a decline of 2.31% over the last five trading days, a 5.50% increase over the last 20 days, and a 31.35% increase over the last 60 days [1]. Shareholder Information - As of August 31, Jincheng had 16,400 shareholders, a decrease of 1.30% from the previous period. The average number of circulating shares per person increased by 1.32% to 38,065 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 13.8932 million shares, a decrease of 16.2626 million shares from the previous period [3]. Business Segmentation - The revenue composition of Jincheng's main business includes: sales of cathode copper, copper concentrate, and phosphate rock (46.11%), mining operation management (39.63%), mining engineering construction (11.85%), materials, equipment, and others (1.29%), mining machinery and equipment (1.00%), and mining design consulting (0.13%) [1]. Industry Classification - Jincheng is classified under the Shenwan industry as non-ferrous metals - industrial metals - copper. It is also associated with concept sectors including phosphate chemicals, gold stocks, overseas expansion, social security heavy holdings, and value growth [1].

Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is a significant player in the non-ferrous metal mining industry, focusing on molybdenum, tungsten, and precious metals, with a notable increase in gold production forecasted for 2023 [2][3]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, smelting, deep processing, and trading of precious metals such as molybdenum, tungsten, and gold [7]. - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [7]. Production and Financial Performance - The company holds an 80% stake in the NPM copper mine in Australia, which produced 16,000 ounces of gold in 2022, with a production guidance of 25,000 to 27,000 ounces for 2023, representing a year-on-year increase of 56% to 69% [2]. - For the first half of 2025, the company reported a revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while the net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8]. Market Position and Industry Standing - Luoyang Molybdenum is among the top five molybdenum producers globally and the largest tungsten producer, as well as the second-largest cobalt and niobium producer, and a leading copper producer [2][3]. - The company is also the second-largest phosphorus fertilizer producer in Brazil, with a complete phosphorus industry chain covering all aspects of production [3]. Shareholder and Market Activity - As of June 30, 2025, the number of shareholders decreased to 237,500, with an average of 0 circulating shares per person [8]. - The company has distributed a total of 21.562 billion yuan in dividends since its A-share listing, with 10.576 billion yuan in the last three years [9].

Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is a significant player in the non-ferrous metal mining industry, focusing on the production of molybdenum, tungsten, and precious metals like gold, with a strong emphasis on expanding its precious metal business [2][3]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, smelting, deep processing, and trading of precious metals [7]. - The company's main business revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [7]. Production and Financial Performance - The company holds an 80% stake in the NPM copper-gold mine in Australia, with gold equity production guidance for 2023 set at 25,000 to 27,000 ounces, representing a year-on-year increase of 56% to 69% [2]. - For the first half of 2025, the company reported a revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while the net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8]. - The company is the second-largest producer of phosphorus fertilizer in Brazil and has a complete phosphorus industry chain, with phosphorus-related product revenue of 2.834 billion yuan in 2017, accounting for 11.82% of total revenue [3]. Market Activity - On September 22, the company's stock rose by 1.60%, with a trading volume of 2.481 billion yuan and a market capitalization of 271.922 billion yuan [1]. - The company has experienced a net outflow of 7.6914 million yuan from major funds today, with a continuous reduction in major fund positions over the past three days [4][5]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 15.95% to 237,500, with an average of 0 circulating shares per person [8]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 648 million shares, and Huaxia SSE 50 ETF, which holds 138 million shares, both of which have increased their holdings compared to the previous period [9].

Company Overview - Jincheng Mining Management Co., Ltd. is located in Fengtai District, Beijing, and was established on January 7, 2008, with its listing date on June 30, 2015 [1] - The company's main business includes mining engineering construction, mining operation management, mining design, and technology research and development [1] - The revenue composition is as follows: sales of cathode copper, copper concentrate, and phosphate rock account for 46.11%, mining operation management 39.63%, mining engineering construction 11.85%, materials, equipment, and others 1.29%, mining machinery and equipment 1.00%, and mining design consulting 0.13% [1] Financial Performance - For the period from January to June 2025, Jincheng achieved operating revenue of 6.316 billion yuan, representing a year-on-year growth of 47.82%, and a net profit attributable to shareholders of 1.111 billion yuan, up 81.29% year-on-year [2] - Since its A-share listing, the company has distributed a total of 768 million yuan in dividends, with 477 million yuan distributed over the past three years [3] Stock Performance - As of September 22, Jincheng's stock price was 61.56 yuan per share, with a market capitalization of 38.4 billion yuan [1] - The stock has increased by 71.72% year-to-date, with a recent decline of 3.21% over the last five trading days, but a rise of 6.43% over the last 20 days and 32.56% over the last 60 days [1] - The number of shareholders as of August 31 is 16,400, a decrease of 1.30% from the previous period, while the average circulating shares per person increased by 1.32% to 38,065 shares [2] Shareholding Structure - As of June 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 13.8932 million shares, a decrease of 16.2626 million shares from the previous period [3] Market Position - Jincheng is classified under the industrial metals sector, specifically in the non-ferrous metals category, with concepts including phosphate chemicals, overseas expansion, gold stocks, social security heavy positions, and value growth [1]

Group 1 - The company, Tianyuan Co., Ltd. (002386), confirmed that it does not have phosphate operations in Yunnan [1] - The company stated that its phosphate mine in Mabi County, Sichuan Province, is currently in trial production and progressing well [1]

Company Overview - Yuntu Holdings, established on August 31, 1995, is located in Chengdu, Sichuan Province, and was listed on January 18, 2011. The company primarily engages in the production and sales of various series and types of compound fertilizers, along with in-depth development around the compound fertilizer industry chain [1]. Financial Performance - For the first half of 2025, Yuntu Holdings reported a revenue of 11.4 billion yuan, reflecting a year-on-year growth of 3.59%. The net profit attributable to shareholders was 511 million yuan, marking a 12.60% increase compared to the previous year [2]. - Cumulatively, since its A-share listing, Yuntu Holdings has distributed a total of 2.352 billion yuan in dividends, with 845 million yuan distributed over the past three years [3]. Stock Performance - As of September 18, Yuntu Holdings' stock price decreased by 2.08%, trading at 10.81 yuan per share, with a total market capitalization of 13.055 billion yuan. The stock has seen a year-to-date increase of 41.86%, but a decline of 5.09% over the last five trading days [1]. - The company experienced a net outflow of 2.9687 million yuan in principal funds, with significant buying and selling activity from large orders [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Yuntu Holdings was 49,700, a decrease of 14.42% from the previous period. The average number of circulating shares per shareholder increased by 16.60% to 17,747 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the ninth largest, holding 9.1669 million shares as a new shareholder [3]. Business Segmentation - The main revenue sources for Yuntu Holdings include new compound fertilizers and phosphate fertilizers (34.92%), conventional compound fertilizers (28.43%), trading (18.85%), other products (9.53%), yellow phosphorus (5.43%), and soda ash (2.84%) [1]. Industry Classification - Yuntu Holdings is classified under the Shenwan industry as part of the basic chemicals sector, specifically in agricultural chemical products and compound fertilizers. The company is also associated with various concept sectors, including salt chemicals, fertilizers, ecological agriculture, phosphorus chemicals, and lithium extraction from salt lakes [1].

Company Overview - Luoyang Molybdenum Co., Ltd. is primarily engaged in the mining, selection, deep processing, trading, and research of rare metals such as molybdenum, tungsten, and gold [2] - The company was established on December 22, 1999, and went public on October 9, 2012 [2] - The main business revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [2] Stock Performance - The stock price of Luoyang Molybdenum has increased by 94.78% year-to-date, with a recent decline of 4.15% over the last five trading days [2] - As of September 18, the stock was trading at 12.46 CNY per share, with a market capitalization of 266.57 billion CNY [1] - The trading volume on September 18 was 4.07 billion CNY, with a turnover rate of 0.19% [1] Financial Performance - For the first half of 2025, Luoyang Molybdenum reported a revenue of 94.77 billion CNY, a year-on-year decrease of 7.83%, while the net profit attributable to shareholders increased by 60.07% to 8.67 billion CNY [2] - The company has distributed a total of 21.56 billion CNY in dividends since its A-share listing, with 10.58 billion CNY distributed in the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders was 237,500, a decrease of 15.95% from the previous period [2] - Major shareholders include Hong Kong Central Clearing Limited, holding 648 million shares, and Huaxia SSE 50 ETF, holding 138 million shares, both of which have increased their holdings compared to the previous period [3]

Company Overview - LUXI Chemical Group Co., Ltd. is located in the Chemical New Materials Industrial Park of Liaocheng High-tech Zone, Shandong, established on June 11, 1998, and listed on August 7, 1998 [1] - The company's main business involves chemical new materials, basic chemicals, and other products, with revenue composition as follows: chemical new materials 66.07%, basic chemicals 20.11%, fertilizers 12.06%, and other products 1.76% [1] Stock Performance - As of September 18, LUXI Chemical's stock price increased by 2.42% to 14.41 CNY per share, with a trading volume of 113 million CNY and a turnover rate of 0.42%, resulting in a total market capitalization of 27.441 billion CNY [1] - Year-to-date, the stock price has risen by 27.07%, with a recent 5-day decline of 0.62%, a 20-day increase of 11.02%, and a 60-day increase of 40.18% [1] Financial Performance - For the first half of 2025, LUXI Chemical reported a revenue of 14.739 billion CNY, representing a year-on-year growth of 4.98%, while the net profit attributable to shareholders decreased by 34.81% to 763 million CNY [2] - The company has distributed a total of 9.885 billion CNY in dividends since its A-share listing, with 2.167 billion CNY distributed over the past three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 101,000, up by 9.83%, while the average circulating shares per person decreased by 8.95% to 18,860 shares [2] - Notable institutional shareholders include Southern CSI 500 ETF, holding 16.9804 million shares (an increase of 2.3522 million shares), and Hong Kong Central Clearing Limited, holding 16.6184 million shares (a decrease of 2.9461 million shares) [3]