中化新网讯 近日，记者从芭田股份了解到，该公司全资子公司贵州芭田生态工程有限公司小高寨磷矿 设计规模由前期的200万吨/年变更为290万吨/年。 芭田股份表示，小高寨磷矿设计规模的扩大，有利于公司增大磷矿的产量并优化上下游产业链，进一步 实现磷化工一体化战略，扩大磷矿产能，促进磷精矿、高纯磷酸(盐)等磷化工新能源电池材料产业链的 总体提升，实现富矿多开采和磷资源的高效利用。 今年3月，芭田股份公告旗下小高寨磷矿启动扩建升级项目，其磷矿的采、选产能将分别提升至290万 吨/年、120万吨/年，并升级5G网络技术，打造智慧矿山。项目建成后小高寨磷矿总计建设规模达290万 吨/年，将满足市场对磷矿的持续增长需求，提升公司的竞争力和经济效益。 ...

Core Viewpoint - Baosteel Co., Ltd. experienced a decline in stock price, with a drop of 2.37% on November 21, 2023, closing at 2.47 CNY per share, amidst significant trading activity and net outflow of funds [1] Financial Performance - For the period from January to September 2025, Baosteel reported operating revenue of 48.08 billion CNY, a year-on-year decrease of 3.58%, while net profit attributable to shareholders increased by 145.03% to 233 million CNY [2] - The company has cumulatively distributed 4.487 billion CNY in dividends since its A-share listing, with 90.577 million CNY distributed over the past three years [3] Stock Market Activity - Baosteel's stock has increased by 32.94% year-to-date, but has seen a decline of 6.79% over the last five trading days, 6.08% over the last 20 days, and 7.84% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on July 30, where it recorded a net purchase of 374 million CNY [1] Shareholder Structure - As of September 30, 2025, Baosteel had 914,300 shareholders, a decrease of 1.96% from the previous period, with an average of 34,323 circulating shares per shareholder, an increase of 2.00% [2] - Major shareholders include China Securities Finance Corporation, holding 767 million shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 574 million shares [3]

在台泥句容矿的示范效应下，希迪智驾不断收获大量订单，公司研发的"元矿山"自动驾驶解决方案已经 遍布全国20余个矿山，覆盖煤矿、金属矿、砂石骨料矿等多个品类。 总部位于长沙的希迪智驾，作为国内最早同时研发自动驾驶和V2X技术的企业之一，已积累在矿山、园 区等封闭场景多个高复杂度工况的技术解法，并通过完整的自研体系不断演进算法、优化架构、推进量 产、高效交付，为长期发展奠定了扎实的根基。 不久前《湖南省贯彻落实国务院"人工智能+"行动的实施方案》公布的同时，同步公布"人工智能+"十大 重点企业、十大示范场景等关键名单，凭借在智能网联汽车领域的深厚技术积累与卓越应用实践，希迪 智驾获得两项荣誉：成功入选"湖南省'人工智能+'十大重点企业"，公司核心成果"商用车封闭场景L4级 自动驾驶解决方案"更在众多参评项目中脱颖而出，获评"湖南省'人工智能+'十大示范场景"，以双重认 可彰显行业标杆实力。 "台泥句容矿的成功，不仅是一份关于'技术赋能'的满分答卷，更是一个'生态共赢'的全新起点。它雄辩 地证明，智慧矿山的未来图景已然铺开。"希迪智驾相关负责人表示，公司将这份经过实践淬炼的中国 方案赋能于更多矿山，共同开启安全、高 ...

Core Insights - Shandong Gold's stock price has increased by 60.26% year-to-date, but has seen a decline of 2.14% in the last five trading days and 3.14% in the last twenty days [2] - The company reported a revenue of 83.783 billion yuan for the period from January to September 2025, representing a year-on-year growth of 25.04%, while net profit attributable to shareholders increased by 91.51% to 3.956 billion yuan [2] Financial Performance - As of September 30, 2025, Shandong Gold's total market capitalization is 164.805 billion yuan, with a trading volume of 8.22 billion yuan and a turnover rate of 0.63% [1] - The company has distributed a total of 5.678 billion yuan in dividends since its A-share listing, with 2.765 billion yuan distributed in the last three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders has increased by 12.55% to 102,800, with an average of 0 shares per shareholder [2] - Notable shareholders include Hong Kong Central Clearing Limited, which holds 113 million shares as the fourth largest shareholder, and China Securities Finance Corporation, which remains unchanged with 109 million shares [3]

证券日报网讯尤洛卡（300099）11月19日在互动平台回答投资者提问时表示，2023年，公司将发展方向 聚焦于智慧矿山领域。"尤洛卡"作为在该领域具备较高市场知名度和品牌认可度的名称，能够更准确地 建立公司证券简称与核心业务之间的关联，也能更清晰地传递出公司的经营重心与产业布局，有助于资 本市场和投资者形成更准确的认知，从而进一步提升公司品牌形象与价值。相比之下，"精准信息"已难 以精确涵盖公司当前的战略方向与业务内容。 ...

Core Viewpoint - Shandong Gold has experienced a stock price decline of 2.02% on November 18, with a current price of 34.41 CNY per share, despite a year-to-date increase of 54.26% [1] Financial Performance - For the period from January to September 2025, Shandong Gold achieved operating revenue of 83.783 billion CNY, representing a year-on-year growth of 25.04%, and a net profit attributable to shareholders of 3.956 billion CNY, which is a 91.51% increase compared to the previous year [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Shandong Gold increased by 12.55% to 102,800, with an average of 0 circulating shares per shareholder [2] - The company has distributed a total of 5.678 billion CNY in dividends since its A-share listing, with 2.765 billion CNY distributed in the last three years [3] Stock Market Activity - On November 18, the main funds saw a net outflow of 92.6687 million CNY, with significant selling pressure observed [1] - The top ten circulating shareholders include new entrants such as Hong Kong Central Clearing Limited and the Gold Stock ETF, indicating changes in institutional holdings [3]

而作为"零碳矿山机器人第一股"得博雷顿，从一开始就坚持实用主义。即将发布的这款矿卡不是改造而 来的车型，而是从一开始就为无人驾驶而生。整车从架构、线控到底层算法，全部为智能驾驶服务。零 碳矿山机器人不是简单去掉驾驶室的车，而是专属于无人驾驶的机器人。 取消驾驶室的设计代表了博雷顿对"无人化"的彻底理解，让车辆拥有更强的感知能力、更好的通过性能 和更高安全性。博雷顿以实用主义为导向，用"能用、好用、耐用"的标准定义矿山无人化的现实路径。 此前，无人驾驶常被视为"辅助"或"尝试"；而随着博雷顿新车发布，无人驾驶将成为真正意义上的效率 革命者。博雷顿自研E2E智驾系统，通过多维感知、路径规划与基于多模态智慧矿山大模型，使无人驾 驶车辆实现效率与安全双超越。 据博雷顿官方消息，11月21日，"零碳矿山机器人第一股"博雷顿打造的无人驾驶专用矿卡将全球首发。 本次博雷顿打造的无人驾驶专用电动矿卡，不仅是一台车，更是一种全新的理念与技术体系。它以"智 控、安全、高效"为核心理念，从零开始为无人驾驶而生，标志着矿山智能化迈入"真无人"时代。让零 碳矿山机器人实现了"无人驾驶"。 实际上无人驾驶并不罕见，那么博雷顿本次的无人驾 ...

11月17日，山东黄金盘中下跌2.01%，截至11:25，报35.11元/股，成交6.41亿元，换手率0.50%，总市值 1618.55亿元。 资金流向方面，主力资金净流出6411.85万元，特大单买入5814.37万元，占比9.07%，卖出1.05亿元，占 比16.44%；大单买入1.73亿元，占比26.94%，卖出1.90亿元，占比29.57%。 截至9月30日，山东黄金股东户数10.28万，较上期增加12.55%；人均流通股0股，较上期增加0.00%。 2025年1月-9月，山东黄金实现营业收入837.83亿元，同比增长25.04%；归母净利润39.56亿元，同比增 长91.51%。 分红方面，山东黄金A股上市后累计派现56.78亿元。近三年，累计派现27.65亿元。 机构持仓方面，截止2025年9月30日，山东黄金十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股1.13亿股，为新进股东。中国证券金融股份有限公司位居第五大流通股东，持股1.09亿 股，持股数量较上期不变。华泰柏瑞沪深300ETF（510300）位居第九大流通股东，持股3078.54万股， 相比上期减少144.24万股。黄金 ...

Investment Rating - The report maintains an "Accumulate" rating for the coal mining industry [4] Core Views - The adjustment in coal prices is a normal digestion of previous rapid increases, with the core logic of rising coal prices (supply constraints) remaining unchanged [1][2] - In the context of limited supply, the initiation of demand (whether speculative or real) will lead to rising coal prices, with expectations for coal prices to peak at the end of the year, potentially exceeding market expectations [2] - The continuous rise in coal prices suggests that stock prices should not be a concern, and a more proactive approach is recommended, focusing on leading companies with absolute valuation advantages [2] Summary by Sections Market Review - The CITIC Coal Index was at 3991.33 points, down 0.78%, outperforming the CSI 300 Index by 0.3 percentage points, ranking 22nd among CITIC sectors [1] Supply and Demand Analysis - In October, China's raw coal production fell by 2.3% year-on-year, with a further decline in the rate compared to September [2] - The coal import volume in October decreased month-on-month, reaching a near three-month low, with international coal supply, especially from Indonesia, facing bottlenecks [2] - The upcoming cold wave is expected to increase daily coal consumption at power plants, potentially driving coal prices higher [2][7] Price Trends - As of November 14, the price of thermal coal at North Port was reported at 831 CNY/ton, an increase of 22 CNY/ton week-on-week, marking a new high for the year [6][39] - The report indicates that coal prices are likely to continue rising due to supply constraints, with demand determining the slope and final height of price increases [2][39] Key Investment Targets - The report recommends several stocks with "Buy" ratings, including China Shenhua, Shaanxi Coal, and Xinji Energy, among others, highlighting their strong performance and favorable valuations [11][12]

Investment Rating - The industry investment rating is maintained as "Increase" [4] Core Viewpoints - Indonesia's coal export volume is expected to decrease by 20-30 million tons in 2025 compared to 2024 [2] - The report highlights the performance resilience of companies such as Yancoal Energy, Jinko Coal, and focuses on Keda Automation, which specializes in smart mining [3] - The report emphasizes the importance of performance in stock valuation, recommending companies like Shaanxi Coal, Electric Power Energy, and Huai Bei Mining [3] Summary by Sections Coal Mining - Indonesia's coal export volume for 2024 reached 566 million tons, a year-on-year increase of 8.57%, marking a historical high [3] - As of September 2025, Indonesia's coal production decreased by 7.47% year-on-year to 584 million tons, with coal exports down by 7.3% to 380 million tons [3] Price Trends - As of November 7, 2025, coal prices at various ports showed the following changes: - European ARA port coal price (6000K) at $99.15 per ton, up by $3.4 per ton (+3.55%) - Newcastle port coal price (6000K) at $113.7 per ton, up by $1 per ton (+0.89%) - IPE South African Richards Bay coal futures price at $86.9 per ton, up by $5.15 per ton (+4.57%) [30][32] Key Stocks - Recommended stocks include: - China Coal Energy (Buy) with EPS estimates of 1.46 for 2024A and a PE ratio of 9.40 - China Shenhua (Buy) with EPS estimates of 2.95 for 2024A and a PE ratio of 14.40 - Jinko Coal (Buy) with EPS estimates of 1.68 for 2024A and a PE ratio of 9.00 - Electric Power Energy (Buy) with EPS estimates of 2.38 for 2024A and a PE ratio of 8.70 - Yancoal Energy (Buy) with EPS estimates of 1.44 for 2024A and a PE ratio of 10.20 [6]