● 本报记者董添 受产品涨价、下游需求增加等因素影响，近期，多家有色金属板块上市公司股价出现明显异动。相关上 市公司扎堆发布股票交易异常波动公告，引发市场关注。从三季度业绩预告看，截至10月12日19时，A 股共有5家有色行业上市公司对外披露2025年前三季度业绩预告，4家公司预喜，且这4家公司预计2025 年前三季度归属于上市公司股东的净利润同比增幅下限均超过100%。 北方稀土预计2025年前三季度归属于上市公司股东的净利润为15.1亿元到15.7亿元，同比增长272.54% 到287.34%。预计2025年前三季度实现扣除非经常性损益的净利润13.3亿元至13.9亿元，同比增长 399.9%到422.46%。 有研新材预计2025年前三季度归属于上市公司股东的净利润为2.3亿元至2.6亿元，同比增长101%到 127%。对于控股子公司有研亿金业绩变动情况，公告显示，预计2025年前三季度有研亿金净利润2亿元 至2.2亿元。有研亿金持续聚焦高附加值产品，靶材销售收入同比增长超过50%，归属于上市公司股东 的净利润同比增长超过4000万元。对于控股子公司有研稀土业绩变动情况，有研新材提到，预计2025年 前 ...

Core Viewpoint - The recent price increases in products and rising downstream demand have led to significant stock price movements among companies in the non-ferrous metals sector, prompting many to issue announcements regarding abnormal trading fluctuations [1] Group 1: Performance Forecasts - As of October 12, 2025, five companies in the non-ferrous metals sector have disclosed their performance forecasts for the first three quarters of 2025, with four companies expecting a net profit increase of over 100% year-on-year [1] - Northern Rare Earth anticipates a net profit of 1.51 billion to 1.57 billion yuan, representing a year-on-year increase of 272.54% to 287.34% [1] - Yuyuan New Materials expects a net profit of 230 million to 260 million yuan, with a year-on-year growth of 101% to 127% [2] Group 2: Stock Trading Anomalies - Yunnan Copper reported a cumulative stock price increase of 20% over three consecutive trading days, indicating abnormal trading activity [3] - Tongling Nonferrous Metals also noted a similar cumulative price deviation of 20% over three trading days, confirming that there were no undisclosed significant matters affecting stock prices [4] - Baiyin Nonferrous Metals disclosed a cumulative price increase of over 20% over three trading days, with no major changes in its internal operating environment [4] Group 3: Market Outlook - CITIC Securities expressed optimism regarding investment opportunities in the non-ferrous metals sector, highlighting the recent surge in gold and silver prices driven by expectations of continued interest rate cuts by the Federal Reserve and ongoing global central bank gold purchases [4] - The report also noted a significant increase in copper prices due to supply shortages and the logic of a computing revolution [4] Group 4: Price Trends and Company Strategies - China Tungsten High New Materials indicated that tungsten prices are influenced by supply and demand dynamics, with domestic supply shrinking and demand rising, suggesting that tungsten prices will remain high [5] - Northern Rare Earth mentioned that it has actively adjusted its strategies to improve operational performance in response to rising prices of major rare earth products [5]