有老铁翻出我的老帖，写了新的批注 高市有些早苗 有色的优质基底，航天的量化助涨 矿机细分类别主要看挖金属矿有关的，新锐涨起来之后，浙矿其实是最近才跟上来的，上周耐普开始进 入二阶段加速。矿机的上游最密切的是钨，钻岩凿壁非的它不可，所以钨的走势和矿机同步相似。钨还 有一个热门用处，就是钻PCB的埋孔和通孔都得用它。 这就是产业锚定，主线脉络延伸。 历史牛股是最好的教科书，而当下的牛股正在按相似的步调行进， 这是因为人性不变 。 它们的基本特征是：主线脉络清晰明了，走势结构紧凑，反复突破平台上行。 郑重声明：本文股票案例仅供学习交流使用，既无推荐之意，也不能作为买卖参考。 更多精彩内容，请关注同名公众号：猛兽派选股 现在回过头去看，金钨银铜铝锡钼锌锂铅都在涨，之前的基底回撤是大号的介入坑。 窃以为有色行情还将继续扩散，有可能再次波及稀土。 ...

广发证券发布研报称，资源品需求增加+矿石品位度下降，全球矿机开启新一轮上行周期。海外的增长 具有三个特点：(1)非洲、东南亚等地区是主要增长点;(2)应用领域由国内砂石骨料到海外金属矿;(3)由 中资客户到外资客户。本轮矿机周期的特点有利于中资企业的突破，前道设备标准化程度高，空间大。 广发证券主要观点如下： 资源品需求增加+矿石品位度下降，全球矿机开启新一轮上行周期 根据卡特彼勒2025投资者日，2024-2030年预计全球矿业资本开支累计增长50%。需求端，全球能源和 基础设施建设增加对关键矿种的需求，卡特预计2024-2035年铜、石墨、镍等矿种需求分别累计+22%、 +118%、+52%;供给端，全球矿石品位度在下降，卡特预计2024-2035年铜矿石品位度下降9%，推动矿 石开采量的提升和精益化生产。 非洲等地区成为新的增长极，为中资企业带来机会 前道设备标准化程度高，空间大，推荐徐工机械（000425）、三一国际，并建议关注同力股份;后道设 备定制化属性强，突破速度快，推荐运机集团、耐普矿机、并建议关注南矿集团。 风险提示：宏观经济风险;全球贸易摩擦风险;矿业资本开支风险。 后市场：矿机业务后市场 ...

证券日报网讯 1月6日，耐普矿机（300818）在互动平台回答投资者提问时表示，截至2025年12月31 日，公司股东人数为8943户。 ...

智通财经APP讯， 耐普矿机(300818.SZ)发布公告，公司于近日收到中国证券监督管理委员会出具的 《关于同意江西耐普矿机股份有限公司向不特定对象发行可转换公司债注册的批复》，同意公司向不特 定对象发行可转换公司债的注册申请。 ...

Core Viewpoint - The company, Nep Mining Machinery (300818.SZ), has received approval from the China Securities Regulatory Commission (CSRC) for the issuance of convertible bonds to unspecified investors, indicating a strategic move to raise capital for future growth [1] Group 1: Approval Details - The CSRC has approved the company's application for the registration of convertible bonds [1] - The issuance must be carried out strictly according to the documents submitted to the Shenzhen Stock Exchange and the proposed issuance plan [1] - The approval is valid for 12 months from the date of registration [1] Group 2: Reporting Obligations - The company is required to report any significant events to the Shenzhen Stock Exchange from the date of registration until the completion of the bond issuance [1] - The company must handle such significant events in accordance with relevant regulations [1]

Core Viewpoint - The company, Nep Mining Machinery (300818.SZ), has received approval from the China Securities Regulatory Commission (CSRC) for the issuance of convertible bonds to unspecified investors, indicating a strategic move to raise capital for future growth [1] Group 1 - The CSRC has approved the company's application for the registration of convertible bonds [1] - The issuance must be carried out strictly according to the documents submitted to the Shenzhen Stock Exchange and the issuance plan [1] - The approval is valid for 12 months from the date of registration [1] Group 2 - The company is required to report any significant events to the Shenzhen Stock Exchange from the date of registration until the completion of the issuance [1]

Group 1 - The core point of the article is that Nepean Mining Machinery (300818) has received approval from the listing committee for its application to issue convertible bonds to unspecified objects [2] - The company plans to raise approximately 450 million yuan through this issuance [2] - The underwriting institution for this issuance is Guojin Securities Co., Ltd. [2]

Core Viewpoint - The market perception of the company has shifted from being viewed as a traditional mining enterprise to being recognized as a potential player in the AI and HPC (High-Performance Computing) data center space, with management emphasizing the transition towards energy and AI/HPC business models [1][6][11]. Group 1: Market Position and Valuation - The company's stock price has closely followed Bitcoin's price movements, and its market capitalization of $500 million is currently less than the value of its 6,644 BTC holdings [3]. - The market assigns a NAV (Net Asset Value) multiple of 0.6-1.2 for mining companies, while companies with more owned mining facilities can achieve multiples of 1.5-2.5 [5]. Group 2: AI/HPC Data Center Transition - The company is positioning itself as a future AI data center platform, with a focus on energy and HPC, which is gaining traction in the market [6][11]. - The construction costs for AI data centers have risen to $9.3-15 million per MW, leading developers to relocate to secondary and tertiary markets [9]. - The company has been acquiring assets that align with AI data center requirements, such as large-scale power supply and cooling capabilities, exemplified by its recent acquisition of a 50MW facility in Georgia [14]. Group 3: Operational Advantages - The company possesses operational capabilities that are advantageous for AI/HPC, such as high-density power management and advanced cooling systems, which are critical for AI data centers [12][15]. - The transition to AI data centers is facilitated by the company's existing infrastructure and operational expertise, allowing for a smoother shift from mining to AI applications [18]. Group 4: Strategic Moves and Future Outlook - The company has made strategic moves, including direct listing on the NYSE and restructuring its shareholder base, to enhance its appeal to AI clients and energy funds [17]. - The asset structure is evolving to resemble that of an infrastructure company, positioning the company for long-term contracts in the AI/HPC space [16][18].

Group 1 - The company, Nepean Mining (stock code: 300818), announced on the evening of September 19 that it and its controlling subsidiaries do not provide guarantees to entities outside the consolidated financial statements [1] - There are no overdue debts corresponding to guarantees, no guarantees involved in litigation, and no guarantee losses due to being judged to lose a lawsuit [1]

Core Insights - The transportation and logistics industry is experiencing a recovery in profitability, with a focus on the "anti-involution" trend expected to boost the express delivery sector's performance [2] - China Petroleum is set to benefit from a share transfer to China Mobile Group, with projected net profits for 2025-2027 at 166.1, 171.2, and 175.7 billion yuan respectively [3] - The solar energy sector is facing revenue pressure due to declining prices and volumes, but the company is expected to maintain its industry position through increased photovoltaic installations [4] - The high-end manufacturing sector is under short-term pressure, but the company is expanding overseas production capacity, with net profit forecasts for 2025-2027 at 0.9, 1.4, and 1.8 billion yuan [5] - China Communication Technology is seeing rapid growth in new contracts for railways and urban rail, with net profit forecasts for 2025-2027 at 37.8, 41.1, and 45.0 billion yuan [6] - SAIC Motor is experiencing significant improvements in net profit due to successful reforms and partnerships, with forecasts for 2025-2027 at 126.4, 145.6, and 168.2 billion yuan [8] - JianKai Technology is in a transitional phase, with a focus on new drug and medical beauty projects, maintaining net profit forecasts for 2025-2027 at 0.53, 1.24, and 1.72 billion yuan [9] - Tongrentang is facing pressure in the retail pharmaceutical sector, with revenue and net profit showing slight growth and decline respectively, leading to revised profit forecasts for 2025-2027 at 15.30, 17.40, and 19.11 billion yuan [10] - WeizhiXiang is expanding through multi-dimensional adjustments, with revenue growth but profit decline, and EPS forecasts for 2025-2027 at 0.66, 0.78, and 0.86 yuan [11] Industry Summaries - The transportation and logistics industry reported a total revenue of 1,732.9 billion yuan in H1 2025, with a year-on-year growth of 1.28% and a net profit of 95 billion yuan, up 2.39% [2] - The solar energy sector's revenue decreased by 16.84% to 2.697 billion yuan in H1 2025, with a net profit decline of 16.89% to 677 million yuan [4] - The high-end manufacturing sector's revenue fell by 34% to 410 million yuan in H1 2025, with a net profit drop of 80% to 17 million yuan [5] - China Communication Technology achieved a revenue of 14.665 billion yuan in H1 2025, reflecting a growth of 2.91%, and a net profit of 1.621 billion yuan, up 1.34% [6] - SAIC Motor's net profit improved significantly, with a focus on joint ventures and new growth opportunities [8] - JianKai Technology's revenue reached 130 million yuan in H1 2025, with a slight increase of 0.89% [9] - Tongrentang's revenue was 9.769 billion yuan in H1 2025, with a slight increase of 0.06% [10] - WeizhiXiang's revenue for H1 2025 was 342 million yuan, showing a growth of 4.70% [11]