Company Overview - Changyuan Tungsten Industry Co., Ltd. is located in Chongyi County, Ganzhou City, Jiangxi Province, and was established on February 28, 2000. The company went public on March 31, 2010. Its main business involves the smelting, processing, research and development, and sales of products related to the tungsten industry chain, including APT, tungsten oxide, tungsten powder, tungsten carbide powder, tungsten materials, and hard alloys [2]. Financial Performance - For the period from January to June 2025, Changyuan Tungsten achieved operating revenue of 2.399 billion yuan, representing a year-on-year growth of 32.27%. The net profit attributable to the parent company was 115 million yuan, with a year-on-year increase of 2.54% [2]. - Since its A-share listing, the company has distributed a total of 862 million yuan in dividends, with 269 million yuan distributed over the past three years [3]. Stock Performance - As of September 12, Changyuan Tungsten's stock price increased by 2.04%, reaching 14.02 yuan per share, with a trading volume of 444 million yuan and a turnover rate of 2.69%. The total market capitalization is 16.844 billion yuan [1]. - Year-to-date, the stock price has risen by 119.13%, with a 1.59% increase over the last five trading days, a 44.39% increase over the last 20 days, and an 82.31% increase over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Changyuan Tungsten was 54,300, a decrease of 3.46% from the previous period. The average number of circulating shares per person increased by 3.58% to 22,019 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder with 8.7857 million shares, an increase of 2.1363 million shares from the previous period. Silver Hua Xin Jia Two-Year Holding Period Mixed Fund remains unchanged with 6.1986 million shares, while Southern CSI 1000 ETF increased its holdings by 1.9392 million shares to 5.5279 million shares [3].

Core Viewpoint - Jinli Permanent Magnet's stock price has shown significant growth this year, with a year-to-date increase of 106.97% and notable performance in recent trading periods [2] Company Overview - Jinli Permanent Magnet, established on August 19, 2008, and listed on September 21, 2018, is located in Ganzhou, Jiangxi Province. The company specializes in the research, production, and sales of high-performance neodymium-iron-boron permanent magnet materials, magnetic components, and the recycling of rare earth permanent magnet materials [2] - The company's main revenue source is neodymium-iron-boron magnets, accounting for 91.98% of total revenue, while other sources contribute 8.02% [2] Financial Performance - For the first half of 2025, Jinli Permanent Magnet reported a revenue of 3.507 billion yuan, representing a year-on-year growth of 4.33%. The net profit attributable to shareholders was 305 million yuan, showing a substantial increase of 154.81% [2] - Since its A-share listing, the company has distributed a total of 1.223 billion yuan in dividends, with 837 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Jinli Permanent Magnet reached 99,100, an increase of 27.89% from the previous period. The average circulating shares per person remained at 0 shares [2] - The top ten circulating shareholders include notable entities such as E Fund's ChiNext ETF and Southern CSI 500 ETF, with changes in their holdings noted [3]

Core Insights - The Hong Kong stock market experienced a total trading volume of HKD 325.21 billion on September 11, 2025, with net inflows from southbound funds amounting to HKD 18.989 billion. The three major indices in Hong Kong showed a downward trend, reflecting overall market weakness [1][5]. - The AI computing sector saw a significant boost due to better-than-expected earnings from overseas AI giants, which provided positive guidance for future AI-related revenues. This led to a strong performance in related stocks, significantly driving the Wind Hong Kong Semiconductor Index to become the leading sector in the market [5]. - The automotive industry in China reported production and sales exceeding 20 million units from January to August 2025, with new energy vehicle production and sales growing over 36% year-on-year. This surge is expected to enhance demand for rare earth permanent magnets and other related materials, contributing to a strong performance in the Wind Hong Kong Nonferrous Metals Index [5]. Market Performance - On September 11, 2025, the Hang Seng Index fell by 0.43% to 26,086.32, the Hang Seng Tech Index decreased by 0.24% to 5,888.77, and the Hang Seng China Enterprises Index dropped by 0.73% to 9,260.25. In contrast, the Hang Seng High Dividend Yield Index rose by 0.27% [4][10]. - In the A-share market, the Shanghai Composite Index increased by 1.65%, the CSI 300 rose by 2.31%, and the Wind All A Index gained 2.26% [4][10]. Sector Analysis - Among the primary sectors in the Hong Kong stock market, Nonferrous Metals (+2.82%), Agriculture, Forestry, Animal Husbandry, and Fishery (+1.84%), and Machinery (+1.72%) led the gains, while Pharmaceuticals (-2.95%), Oil and Petrochemicals (-2.34%), and Steel (-2.23%) faced declines [4][10]. - Concept indices such as the Foxconn Index (+11.79%), Chip Replacement Index (+5.35%), and Unisplendour System Index (+5.12%) showed strong performance, while the CRO Index (-4.05%), Innovative Drug Index (-3.73%), and Antitumor Index (-3.52%) lagged behind [4][10].

Core Insights - The stock price of Youyan New Materials increased by 2.04% on September 11, reaching 21.48 CNY per share, with a total market capitalization of 18.184 billion CNY [1] - The company has seen a year-to-date stock price increase of 38.04%, with notable gains of 4.37% over the last five trading days and 12.17% over the last twenty days [1] Financial Performance - For the first half of 2025, Youyan New Materials reported a revenue of 4.096 billion CNY, a year-on-year decrease of 9.76%, while the net profit attributable to shareholders increased by 218.47% to 130 million CNY [2] - Cumulative cash dividends since the company's A-share listing amount to 562 million CNY, with 290 million CNY distributed over the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 158,100, with an average of 5,356 circulating shares per person, a decrease of 1.78% from the previous period [2] - The top ten circulating shareholders include various ETFs, with notable changes in holdings, such as an increase of 555,600 shares for Guolian An Zhongzheng Semiconductor Products and Equipment ETF [3]

Core Viewpoint - Huahong Technology has shown significant stock performance and financial growth, indicating strong market interest and operational success in the recycling and resource utilization sectors [1][2]. Financial Performance - As of June 30, Huahong Technology achieved a revenue of 3.159 billion yuan, representing a year-on-year growth of 17.17% [2]. - The net profit attributable to the parent company reached 79.6328 million yuan, marking a substantial increase of 3480.57% year-on-year [2]. - The company has distributed a total of 354 million yuan in dividends since its A-share listing, with 116 million yuan distributed in the last three years [3]. Stock Market Activity - On September 11, Huahong Technology's stock price increased by 2.05%, reaching 14.95 yuan per share, with a trading volume of 183 million yuan and a turnover rate of 2.27% [1]. - The stock has appreciated by 119.21% year-to-date, with a 1.01% increase over the last five trading days, 10.25% over the last 20 days, and 66.48% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) nine times this year, with the most recent appearance on August 19 [1]. Business Segments - Huahong Technology's main business segments include comprehensive utilization of rare earth resources (49.56% of revenue), sales of magnetic materials (23.77%), recycling equipment sales (10.45%), elevator components (9.83%), and waste recovery and trade (4.68%) [1]. - The company operates within the environmental protection industry, specifically in the sectors of recycling equipment and waste management [2]. Shareholder Information - As of June 30, the number of shareholders for Huahong Technology was 34,700, a decrease of 26.48% from the previous period, while the average number of tradable shares per shareholder increased by 36.03% to 14,787 shares [2].

Company Overview - Dadi Bear New Materials Co., Ltd. is located in Hefei, Anhui Province, established on November 4, 2003, and listed on July 22, 2020. The company specializes in the research, production, and sales of sintered neodymium-iron-boron rare earth permanent magnet materials [1][2] - The main business revenue composition includes: sintered neodymium-iron-boron at 81.34%, other products at 15.12%, rubber magnets at 2.32%, and other magnetic products at 1.22% [1] Stock Performance - As of September 11, the stock price of Dadi Bear increased by 2.01%, reaching 36.63 CNY per share, with a total market capitalization of 4.193 billion CNY [1] - Year-to-date, the stock price has risen by 78.10%, with recent performance showing a 4.84% increase over the last 5 trading days, 16.47% over the last 20 days, and 22.71% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on June 12, where net buying amounted to 5.3752 million CNY [1] Financial Performance - For the first half of 2025, Dadi Bear achieved operating revenue of 726 million CNY, representing a year-on-year growth of 13.41%, and a net profit attributable to shareholders of 22.3871 million CNY, up 27.11% year-on-year [2] - Since its A-share listing, the company has distributed a total of 173 million CNY in dividends, with 90.5285 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, the number of shareholders increased to 12,100, a rise of 36.38% from the previous period, while the average circulating shares per person decreased by 26.68% to 9,466 shares [2] Industry Classification - Dadi Bear belongs to the Shenwan industry classification of non-ferrous metals, specifically in the metal new materials sector focusing on magnetic materials. The company is also associated with concepts such as rare earth permanent magnets, financing and securities lending, specialized and innovative enterprises, new materials, and humanoid robots [2]

Core Insights - The stock price of China Rare Earth has experienced a significant increase of 85.28% year-to-date, but has recently declined by 12.09% over the past five trading days [2] - The company reported a revenue of 1.875 billion yuan for the first half of 2025, marking a year-on-year growth of 62.38%, with a net profit of 162 million yuan, up 166.16% [2] Market Performance - As of September 8, the stock price was 51.97 yuan per share, with a market capitalization of 55.152 billion yuan [1] - The trading volume on September 8 was 1.615 billion yuan, with a turnover rate of 2.89% [1] - The net outflow of main funds was 150 million yuan, with large orders buying 397 million yuan and selling 451 million yuan [1] Stockholder Information - As of August 29, the number of shareholders was 165,000, a decrease of 2.66% from the previous period [2] - The average circulating shares per person increased by 2.73% to 6,430 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable increases in their holdings [3] Business Overview - China Rare Earth specializes in rare earth smelting separation and technology research and development, with its main revenue sources being rare earth oxides (63.51%) and rare earth metals and alloys (35.95%) [2] - The company has been listed since September 11, 1998, and is categorized under the non-ferrous metals industry, specifically in the rare earth sector [2] Dividend Information - The company has distributed a total of 346 million yuan in dividends since its A-share listing, with 124 million yuan in the last three years [3]

Company Overview - Yingluohua Technology Co., Ltd. is located in Dongyang City, Jinhua, Zhejiang Province, and was established on August 4, 1997, with its listing date on August 8, 1997. The company specializes in rare earth permanent magnet materials and products, as well as motor series products [1] - The main business revenue composition includes: NdFeB (50.86%), motor series (25.10%), electric wheelchairs and mobility scooters (12.88%), audio speakers (7.69%), and others (3.47%) [1] Financial Performance - For the first half of 2025, Yingluohua achieved operating revenue of 1.734 billion yuan, a year-on-year decrease of 10.55%. The net profit attributable to the parent company was 144 million yuan, a year-on-year decrease of 1.16% [2] - Since its A-share listing, Yingluohua has cumulatively distributed cash dividends of 270 million yuan, with 256 million yuan distributed in the last three years [3] Stock Market Activity - On September 5, Yingluohua's stock price increased by 2.01%, reaching 11.14 yuan per share, with a trading volume of 145 million yuan and a turnover rate of 1.16%. The total market capitalization is 12.629 billion yuan [1] - Year-to-date, Yingluohua's stock price has risen by 15.92%, but it has seen declines of 8.99% over the last five trading days, 3.30% over the last 20 days, and 2.28% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on June 9, where it recorded a net purchase of 169 million yuan [1] Shareholder Information - As of June 30, 2025, Yingluohua had 137,800 shareholders, an increase of 5.81% from the previous period. The average number of circulating shares per person was 8,225, a decrease of 5.49% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 6.4318 million shares, and several ETFs related to the rare earth and new materials sectors, indicating a growing institutional interest [3]

Company Overview - Zhonggang Tianyuan Co., Ltd. is located in Ma'anshan City, Anhui Province, established on March 27, 2002, and listed on August 2, 2006 [1] - The company’s main business includes industrial raw materials, metal products, electronic components, equipment, and professional technical services [1] - Revenue composition: Industrial raw materials 33.73%, electronic components 24.27%, inspection and testing 19.60%, metal products 17.23%, specialized equipment for metallurgy, mining, and electromechanical engineering 4.07%, others 1.11% [1] Stock Performance - As of September 5, Zhonggang Tianyuan's stock price increased by 2.29%, reaching 10.70 CNY per share, with a total market capitalization of 8.067 billion CNY [1] - Year-to-date stock price increase is 49.52%, with a recent decline of 8.94% over the last five trading days [1] - The stock has seen a 5.42% increase over the last 20 days and a 23.47% increase over the last 60 days [1] Financial Performance - For the first half of 2025, Zhonggang Tianyuan reported revenue of 1.517 billion CNY, a year-on-year increase of 16.94% [2] - The net profit attributable to shareholders for the same period was 147 million CNY, reflecting a year-on-year growth of 43.07% [2] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 45,600, up by 7.86% from the previous period [2] - The average number of circulating shares per shareholder decreased by 6.89% to 16,508 shares [2] - Cumulative cash dividends since the A-share listing amount to 721 million CNY, with 406 million CNY distributed over the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, holding 8.7918 million shares, a decrease of 880,100 shares from the previous period [3]

Company Overview - Beikong Technology Co., Ltd. is located in Fengtai District, Beijing, and was established on September 6, 2000, with its listing date on May 12, 2004 [2] - The company specializes in the research, production, and sales of mining and metallurgy equipment, including flotation equipment, magnetic separation equipment, and grinding equipment, as well as magnetic materials and devices [2] - The revenue composition of the company is 73.85% from mining and metallurgy equipment and 26.23% from magnetic materials [2] Financial Performance - For the first half of 2025, Beikong Technology achieved operating revenue of 552 million yuan, representing a year-on-year growth of 15.51%, and a net profit attributable to shareholders of 54.31 million yuan, up 10.59% year-on-year [2] - The company has distributed a total of 98.63 million yuan in dividends since its A-share listing, with 43.91 million yuan distributed in the last three years [3] Stock Market Activity - On September 4, the stock price of Beikong Technology fell by 2.00% to 24.50 yuan per share, with a trading volume of 201 million yuan and a turnover rate of 4.28%, resulting in a total market capitalization of 4.637 billion yuan [1] - Year-to-date, the stock price has increased by 61.40%, but it has decreased by 16.44% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" eight times this year, with the most recent appearance on August 21, where it recorded a net buy of -28.86 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders of Beikong Technology was 44,800, an increase of 108.18% from the previous period, with an average of 3,924 circulating shares per person, a decrease of 51.96% [2] - Among the top ten circulating shareholders, the Jiashi Zhongzheng Rare Earth Industry ETF is the fifth largest shareholder, holding 579,400 shares as a new shareholder [3]