数据显示，工银瑞信基金旗下1只基金重仓宏创控股。工银银和利混合（001722）三季度持有股数34.9 万股，与上期相比持股数量不变，占基金净值比例为1.24%，位居第三大重仓股。根据测算，今日浮盈 赚取约34.55万元。 工银银和利混合（001722）成立日期2016年12月29日，最新规模4.89亿。今年以来收益17.19%，同类排 名4059/8136；近一年收益21.97%，同类排名3396/8058；成立以来收益94.3%。 工银银和利混合（001722）基金经理为郭雪松。 11月25日，宏创控股涨5.07%，截至发稿，报20.50元/股，成交1.83亿元，换手率0.80%，总市值232.96 亿元。 资料显示，山东宏创铝业控股股份有限公司位于山东省滨州市博兴县经济开发区新博路以东,三号干渠 桥以北，成立日期2000年8月11日，上市日期2010年3月31日，公司主营业务涉及高品质铝板带和铝箔产 品的加工、生产和销售。主营业务收入构成为：铝箔45.37%，铸轧卷30.34%，冷轧卷23.83%，铝颗粒 收入0.36%，废品收入0.08%，租赁收入0.01%，材料收入0.00%。 从基金十大重仓股角度 ...

魏桥创业集团旗下公司宏发铝业成功攻克高铁车厢铝型材焊接技术难题，产品不仅进入国内头部企业供 应链，还远销东南亚和南美市场。2025年前三季度，宏发铝业出口额达到15.91亿元，同比大幅增长 61.6%，成为铝加工细分领域外贸增长中的一匹"黑马"。 "今年前三季度，我们的智能抛喷丸成套装备出口订单额同比增长30%，金属磨料出口发货量增长 18%，欧洲市场订单已排至今年年底。"日前，在山东省邹平市青阳镇的开泰集团厂区内，满载智能抛 喷丸装备的集装箱正陆续装车，准备发往欧洲、东南亚等地。该集团抛丸机械有限公司外贸总监芮晓艳 指着一台即将启运的设备介绍，这台设备在精度领先业内的同时，能耗降低10%，靠的就是持续不断地 开展技术创新。 作为从乡镇企业成长起来的国家级专精特新"小巨人"企业，山东开泰集团通过技术攻坚不断打破技术壁 垒，进军全球高端市场，如今已稳居亚洲金属磨料、智能抛喷丸清理成套装备生产企业前列，产品远销 150多个国家和地区。他们每年将营收的4%投入研发，累计攻克多项金属表面处理关键技术，拥有授权 专利90余项，自主研发的智能喷砂清理机器人填补了国内空白。通过持续的技术积淀，开泰集团已主持 或参与制定60 ...

Core Viewpoint - The investment by Zhongfu Industrial in the aluminum alloy wheel project highlights the growing demand for lightweight materials in the electric vehicle market, despite the financial challenges faced by its subsidiary [1][2][5]. Investment Details - Zhongfu Industrial's wholly-owned subsidiary, Guangyuan Linfeng Aluminum Materials, plans to invest CNY 259 million to construct a project for producing 3 million aluminum wheels [1][3]. - The project will be executed in two phases: the first phase involves producing 2 million wheels with an investment of CNY 94.6 million, while the second phase will produce 1 million wheels with an investment of CNY 47.4 million [3]. - Upon full production, the project is expected to generate an annual sales revenue of CNY 1.182 billion (approximately CNY 1.046 billion excluding tax) and a profit of CNY 30.46 million [3]. Financial Performance - Zhongfu Industrial reported a 63.25% increase in net profit for the first three quarters of 2025, driven by improved profitability in its electrolytic aluminum business [2][6]. - Despite the profit increase, the company's cash flow from operating activities significantly declined by 59.69% to CNY 314 million, raising concerns about cash flow management amid large capital expenditures [6][7]. Market Context - The aluminum alloy wheel market is characterized by high order concentration and intense price competition, posing risks to the new investment project [2][6]. - The project aligns with Zhongfu Industrial's strategy to enhance its competitive edge in the aluminum wheel sector by leveraging its existing industrial synergies [4]. Subsidiary Challenges - Guangyuan Linfeng Aluminum Materials has faced continuous losses, with a net loss of CNY 9.67 million reported for 2024 and further losses in 2025 [5]. - The reliance on self-raised funds for the CNY 259 million investment raises concerns about the subsidiary's financial sustainability and ability to manage its cash flow effectively [5][6].

Core Viewpoint - Zhongfu Industrial plans to invest 259 million yuan in a new aluminum wheel project, aiming to enhance its value chain in aluminum processing and meet the growing demand for lightweight automotive components [1][2]. Company Summary - Zhongfu Industrial's wholly-owned subsidiary, Guangyuan Linfeng Aluminum Co., Ltd., will focus on producing 3 million aluminum wheels, with an expected annual sales revenue of 1.182 billion yuan upon full production [1]. - The project is part of Zhongfu Industrial's strategy to extend its "coal-electricity-aluminum integration" supply chain into high-value downstream segments [1][3]. - The company has reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 18.632 billion yuan, down 3.15% year-on-year, and net profit at 321 million yuan, down 18.72% year-on-year [2]. Industry Summary - The aluminum automotive wheel industry is experiencing growth driven by both policy support and market demand, particularly in the context of increasing penetration of electric vehicles [2]. - The "14th Five-Year" plan encourages the aluminum processing industry to move towards high-end and refined products, providing a favorable policy environment for Zhongfu Industrial's project [2]. - The competitive landscape is challenging, with many players in the domestic aluminum wheel market and significant pressure from fluctuating aluminum prices and cost control by automotive manufacturers [2].

山东邹平：民企"智"造逐浪全球 中新网济南11月20日电 (记者 沙见龙)入选山东省首批工业十强县，被评为山东省县域经济高质量发展 成效显著县，拥有8.3万余家市场主体、2.4万余家企业，培育了1家世界500强、2家全国500强企业…… 在山东邹平这座黄河三角洲腹地的工业强市，民营经济贡献了绝大部分的经济增量。 连日来，记者走访位于邹平市的多家民营企业发现，以创新为帆、以智造为桨，当地民营企业在高端制 造与国际市场的蓝海中劈波斩浪，不断为县域经济发展注入发展活力。 全棉凉感T恤、吸光发热面料……走进魏桥创业集团的纺织研发创意成果展厅，多项"黑科技"产品令人 目不暇接。通过与东华大学产学研合作，该企业攻克微纳米镶嵌纺技术，实现棉纤维与纳米纤维的跨尺 度融合，让纯棉面料兼具温度调节功能，今年已创造1300多万元(人民币，下同)的经济效益。 在魏桥纺织智能化纺织工厂内，35千米智能轨道输送系统贯穿全场，5G导航AGV小车精准转运，机械 手自动完成落纱换管，万锭用工仅需10人，较传统模式减少80%，生产效率提升超38%。从实验室的功 能创新到车间的智能升级，魏桥纺织让传统纺织业焕发新生，产品远销全球多个国家和地区。 ...

Core Viewpoint - The increasing penetration of electric vehicles is driving demand for aluminum alloy wheels, prompting companies to invest in production capacity, as exemplified by Zhongfu Industrial's recent announcement of a 259 million yuan investment in a new project for producing 3 million wheels [2][3]. Investment Details - Zhongfu Industrial's wholly-owned subsidiary, Guangyuan Linfeng Aluminum Materials, plans to invest 259 million yuan in the "Aluminum-based New Materials Green Intelligent Manufacturing 3 Million Wheel Collaborative Upgrade Project" located in Guangyuan Economic and Technological Development Zone, Sichuan Province [3]. - The total investment includes 142 million yuan for new construction and 117 million yuan for working capital, all funded through self-raised capital [3]. - The project will be executed in two phases: the first phase involves producing 2 million wheels with a construction period of 14 months, while the second phase will produce 1 million wheels over 12 months [3]. Financial Projections - Upon reaching full production, the project is expected to generate an additional annual sales revenue of 1.182 billion yuan (approximately 1.046 billion yuan excluding tax) and a total profit of 30.46 million yuan [4]. - The internal rate of return after tax is projected at 10.8%, with a payback period of about 10 years [4]. - The investment is seen as a strategic move to enhance the company's competitive edge in the aluminum alloy wheel market by leveraging industry synergies [4]. Company Performance - Zhongfu Industrial reported a significant increase in net profit by 63.25% year-on-year for the first three quarters of 2025, reaching 1.187 billion yuan, primarily driven by improved profitability in the electrolytic aluminum business [6]. - However, the company's net cash flow from operating activities decreased by 59.69% to 314 million yuan, raising concerns about cash flow management amid substantial capital expenditures [6]. Industry Context - The aluminum alloy wheel market is characterized by high order concentration and intense price competition, which poses risks to the new investment project [5]. - The company has established a "green hydropower aluminum" industrial layout in Guangyuan, utilizing sustainable energy sources to reduce carbon emissions [4].

证券日报网讯万顺新材（300057）11月19日在互动平台回答投资者提问时表示，公司10万吨动力及储能 电池箔项目主设备铝箔轧机已陆续进入调试阶段，剩余部分配套设备将陆续到位、安装调试，项目全部 建成后公司将形成铝箔25.5万吨产能，加上已建成的26万吨铝板带产能，公司铝板带、铝箔一体化产业 链规模效应将进一步凸显。公司聚焦新材料领域持续加强研发，推动产品创新和工艺改进，公司已开发 了高延伸电池铝箔、高达因电池铝箔等产品，其中高延伸电池铝箔已通过客户使用验证并批量供货，高 达因电池铝箔开始进入小批量供应阶段，增强公司铝加工业务的发展后劲；同时，公司积极拓展高端包 装及光伏高阻隔膜、汽车调光天幕用导电膜等市场，培育功能性薄膜业务增长动能。 ...

Core Viewpoint - Haomei New Materials (002988) plans to raise up to 1.897 billion yuan through a private placement of A-shares to support its expansion in automotive lightweight aluminum materials and components, as well as to enhance its R&D capabilities and production facilities [1][2] Group 1: Fundraising and Investment Plans - The company intends to issue no more than 74.9255 million shares, accounting for up to 30% of its total share capital, to raise funds primarily for capacity expansion in East and South China [1] - A total of 232 million yuan will be allocated to the construction of an R&D innovation center focusing on high-performance lightweight automotive components, low-altitude aircraft structures, robotic joints, and new liquid cooling products [1][3] - The company plans to invest 479 million yuan in expanding production capacity for high-performance aluminum materials in East China and 554 million yuan in South China to meet growing customer demand [2] Group 2: Business Growth and Market Opportunities - Haomei New Materials is a leading domestic player in automotive lightweight aluminum materials, with a comprehensive industry chain from casting to deep processing [2] - The company's revenue from automotive lightweight business has grown from 168 million yuan in 2020 to 1.775 billion yuan in 2024, with a compound annual growth rate of 80.29% [2] - The company has secured over 400 automotive lightweight project designations by the end of 2024, with an additional 70 expected in the first half of 2025 [2] Group 3: Emerging Markets and Applications - The company is expanding into new applications such as low-altitude aircraft, humanoid robots, and liquid cooling systems, leveraging the advantages of aluminum and magnesium alloys [3][4] - The low-altitude economy is projected to consume 870,000 tons of aluminum by 2024, with a market size of 23.5 billion yuan, expected to grow to 32 billion yuan by 2025 [3] - The liquid cooling server market in China is anticipated to reach 2.37 billion USD in 2024, with a growth rate of 67% compared to 2023, and a projected CAGR of 46.8% from 2024 to 2029 [3] - The humanoid robot market is expected to exceed 2.05 million units sold by 2030, with a market size of 287.03 billion yuan, potentially driving demand for aluminum and magnesium alloys [3]

Group 1 - The core point of the article is that Chang Aluminum Co., Ltd. announced the convening of its eighth board meeting to discuss adjustments to the board size and amendments to the company's articles of association [1] - For the first half of 2025, the revenue composition of Chang Aluminum is 87.57% from industrial operations and 12.43% from medical clean products [1] - As of the report date, the market capitalization of Chang Aluminum is 5.8 billion yuan [1]

Core Points - Ningbo Fubon experienced a decline of 5.07% on November 19, with a stock price of 12.93 CNY per share and a total market capitalization of 1.729 billion CNY [1] - The company, established on December 20, 1981, and listed on November 11, 1996, primarily engages in the production, processing, and sales of aluminum profiles, as well as the storage and trading of aluminum casting rods [1] - The revenue composition of the company is predominantly from product sales, accounting for 99.87%, with operating leasing contributing 0.13% [1] Fund Holdings - According to data, Huian Fund holds a significant position in Ningbo Fubon through its Huian Multi-Strategy Mixed A Fund (005109), which held 143,500 shares as of the third quarter, representing 0.93% of the fund's net value [2] - The estimated floating loss for the fund today is approximately 99,000 CNY [2] - The Huian Multi-Strategy Mixed A Fund was established on November 22, 2017, with a current scale of 84.4885 million CNY and has achieved a year-to-date return of 54.68% [2] Fund Manager Performance - The fund manager of Huian Multi-Strategy Mixed A Fund is Liu Yucai, who has been in the position for 4 years and 326 days [3] - Under Liu's management, the fund's total asset scale is 1.99 billion CNY, with the best return during his tenure being 56.89% and the worst return being -17.08% [3]