Group 1 - The Hang Seng Index rose by 0.65%, gaining 165 points to close at 25,663 points, while the Hang Seng Tech Index increased by 1.14% [1] - New listings in the Hong Kong stock market included Zhihui Mining (02546), which surged over 110% on its debut, and Xidi Zhijia (03881), which fell over 8% [1] - The U.S. Senate passed a revised version of the Biosecurity Act as part of the National Defense Authorization Act for fiscal year 2026, leading to a significant rebound in pharmaceutical stocks, with WuXi Biologics (02269) rising over 6% and 3SBio (01530) increasing by 3.7% [1] Group 2 - HAP Pharmaceuticals-B (02142) saw a nearly 7% increase after signing a business development deal worth over $1 billion with Bristol-Myers Squibb [2] - China Duty Free Group (01880) rebounded nearly 7% after winning bids for two major airport duty-free projects in Shanghai, with market attention on the results of the capital airport bidding [3] - Youjia Innovation (02431) rose over 12% as the large-scale rollout of L3 technology approaches, with the company having preemptively positioned itself for L2 and L4 technologies [4] Group 3 - Nine Dragons Paper (02689) increased by over 3% as the industry leader announced a series of shutdown plans to support price and inventory levels before the Spring Festival [5] - Southern Manganese (01091) rose over 9% due to multiple factors driving the continuous increase in electrolytic manganese prices [6] - Yangtze Optical Fibre and Cable (06869) surged over 10%, with a cumulative increase of over 30% in the past three days, driven by sustained demand for optical fibres and cables from AI [7] Group 4 - Ganwan (09890) increased by over 5% after issuing zero-coupon convertible bonds at a premium, raising HKD 450 million to enhance its "AI + gaming" initiatives [8] - Liqin Resources (02245) rose over 9% as Indonesia plans to significantly reduce its nickel ore production targets by 2026 [9] - Shenzhou International (02313) fell over 3% as its major client Nike reported a 32% year-on-year decline in net profit for the second fiscal quarter [10]

智通财经APP获悉，南方锰业(01091)涨超7%，截至发稿，涨7.53%，报0.5港元，成交额511.8万港元。 市场分析认为，本轮电解锰价格上涨，主要由供应收缩、成本支撑及需求改善等多重因素共同驱动。据 悉，南方锰业是集采、选、冶于一体的锰系产品生产与研发大型企业集团，总部设在广西南宁，是全球 锰系产品的重要供应商，为电解金属锰等8个锰产品国家和行业质量标准的起草和审定的主要单位。 消息面上，进入12月，电解锰价格一路走高，累计上涨超2300元/吨，最新价格创出三年多新高。数据 显示，12月18日，电解锰平均价为17820元/吨，环比上涨200元/吨。12月以来，电解锰已连续13日上涨 （不含双休日，每天都有涨价），累计涨幅近15%，价格创出2022年5月以来新高。 ...

从下游需求来看，钢铁行业需求稳定，12月全国多数钢厂维持稳定生产节奏，年末补库需求逐步释放。 以200系不锈钢为代表的特定下游领域，其对电解锰的需求展现出较强的韧性。 数据显示，2025年12月国内39家冷轧不锈钢厂排产预计达144.59万吨，环比小幅增加。 此外，新能源领域也是行业增长的核心引擎，锰业正从钢铁时代的"工业味精"，悄然蜕变为新能源产业 的"电池血液"。磷酸锰铁锂等新型电池技术的商业化应用，对高纯电解锰的需求呈现爆发式增长。 智通财经获悉，进入12月，电解锰价格一路走高，累计上涨超2300元/吨，最新价格创出三年多新高。 数据显示，12月18日，电解锰平均价为17820元/吨，环比上涨200元/吨。12月以来，电解锰已连续13日 上涨（不含双休日，每天都有涨价），累计涨幅近15%，价格创出2022年5月以来新高。 本轮电解锰价格上涨，主要由供应收缩、成本支撑及需求改善等多重因素共同驱动。进入10月份后，广 西、贵州等电解锰主产区处于秋冬季污染防治攻坚管控期，限制政策持续发力，部分环保设施不达标的 中小产能被迫减产或临时停产。 此外，南方主产区进入枯水期后，水电价格上涨推高了电解锰生产能耗成本，部 ...

进入12月，电解锰价格一路走高，累计上涨超2300元/吨，最新价格创出三年多新高。 数据显示，12月18日，电解锰平均价为17820元/吨，环比上涨200元/吨。12月以来，电解锰已连续13日 上涨(不含双休日，每天都有涨价)，累计涨幅近15%，价格创出2022年5月以来新高。 本轮电解锰价格上涨，主要由供应收缩、成本支撑及需求改善等多重因素共同驱动。进入10月份后，广 西、贵州等电解锰主产区处于秋冬季污染防治攻坚管控期，限制政策持续发力，部分环保设施不达标的 中小产能被迫减产或临时停产。 此外，南方主产区进入枯水期后，水电价格上涨推高了电解锰生产能耗成本，部分中小冶炼企业因成本 压力主动减产，进一步收紧供应。 与此同时，行业龙头宁夏天元锰业60万吨电解金属锰(一期)技改项目仍处于建设阶段，预计在2026年下 半年实现投产，技改期间部分老旧产能同步停产升级，加剧市场对供应缺口的预期。 此外，新能源领域也是行业增长的核心引擎，锰业正从钢铁时代的"工业味精"，悄然蜕变为新能源产业 的"电池血液"。磷酸锰铁锂等新型电池技术的商业化应用，对高纯电解锰的需求呈现爆发式增长。 锰业相关港股： 南方锰业(01091)：财务 ...

此外，南方主产区进入枯水期后，水电价格上涨推高了电解锰生产能耗成本，部分中小冶炼企业因成本 压力主动减产，进一步收紧供应。 与此同时，行业龙头宁夏天元锰业60万吨电解金属锰（一期）技改项目仍处于建设阶段，预计在2026年 下半年实现投产，技改期间部分老旧产能同步停产升级，加剧市场对供应缺口的预期。 智通财经APP获悉，进入12月，电解锰价格一路走高，累计上涨超2300元/吨，最新价格创出三年多新 高。 数据显示，12月18日，电解锰平均价为17820元/吨，环比上涨200元/吨。12月以来，电解锰已连续13日 上涨（不含双休日，每天都有涨价），累计涨幅近15%，价格创出2022年5月以来新高。 本轮电解锰价格上涨，主要由供应收缩、成本支撑及需求改善等多重因素共同驱动。进入10月份后，广 西、贵州等电解锰主产区处于秋冬季污染防治攻坚管控期，限制政策持续发力，部分环保设施不达标的 中小产能被迫减产或临时停产。 此外，新能源领域也是行业增长的核心引擎，锰业正从钢铁时代的"工业味精"，悄然蜕变为新能源产业 的"电池血液"。磷酸锰铁锂等新型电池技术的商业化应用，对高纯电解锰的需求呈现爆发式增长。 锰业相关港股： 南方锰 ...

进入10月份后，广西、贵州等电解锰主产区处于秋冬季污染防治攻坚管控期，限制政策持续发力，部分环保设施不达标的中小产能被迫减产或临时停 产。 12月以来，电解锰价格13连涨！ 进入12月，电解锰价格一路走高，累计上涨超2300元/吨，最新价格创出三年多新高。 Wind数据显示，12月18日，电解锰平均价为17820元/吨，环比上涨200元/吨。12月以来，电解锰已连续13日上涨（不含双休日，每天都有涨价），累计 涨幅近15%，价格创出2022年5月以来新高。 多重因素驱动价格走高 本轮电解锰价格上涨，主要由供应收缩、成本支撑及需求改善等多重因素共同驱动。 此外，南方主产区进入枯水期后，水电价格上涨推高了电解锰生产能耗成本，部分中小冶炼企业因成本压力主动减产，进一步收紧供应。 与此同时，行业龙头宁夏天元锰业60万吨电解金属锰（一期）技改项目仍处于建设阶段，预计在2026年下半年实现投产，技改期间部分老旧产能同步 停产升级，加剧市场对供应缺口的预期。 成本端方面，近期海外主流矿山对华锰矿报价出现上涨态势。康密劳加蓬块12月报价4.5美元/吨度，环比上涨0.15美元/吨度；联合矿业（CML）12月对 华46%澳块报价 ...

Core Viewpoint - Guangxi Huiyuan Manganese Industry Co., Ltd. has established itself as a leading player in the global electrolytic manganese dioxide market, with a production capacity of 180,000 tons per year, accounting for approximately 30% of the global market share [1][2]. Group 1: Company Overview - The company has been operational in Laibin City for nearly 20 years and has successfully transformed through technological innovation and industrial upgrades [1]. - The company has developed a research and development team that includes experts and national model workers, focusing on overcoming key technological challenges [2]. Group 2: Technological Advancements - The R&D team has achieved significant breakthroughs in critical technologies, resulting in a 43.5% reduction in energy consumption per unit product and a 32% decrease in production costs [2]. - The company has secured 2 PCT patents and over 60 national patents, emphasizing the importance of mastering core technologies for competitive advantage in the international market [2]. Group 3: Future Projects and Goals - The company is advancing a project for the annual production of 150,000 tons of high-purity manganese sulfate, with the first phase of 50,000 tons expected to be operational by 2026 [2]. - Plans are in place to enhance the complete industrial chain from manganese ore to deep processing and new energy materials, aiming to establish a new energy battery materials base in Laibin [2][3]. Group 4: Environmental and Operational Efficiency - The company has achieved a 100% compliance rate in wastewater treatment and production water supply through automation and innovative practices [3]. - It has been recognized as a national "green factory" due to its efficient land use and clean production methods [3]. Group 5: Strategic Focus - The company aims to increase R&D investment in cutting-edge technologies for new energy battery materials and enhance collaboration with upstream and downstream enterprises [3]. - A focus on talent development and project-based training is being emphasized to support the growth of new quality productivity [3].

2025 年第三季度经营数据公告 证券代码：601069 证券简称：西部黄金 公告编号：2025-074 西部黄金股份有限公司 公司报告期内黄金产品销售量较上年同期增加，外购合质金生产的标准金 11.44 吨，销 售 11.42 吨。锰矿石销售量 34.67 万吨，均销售至科邦锰业。 三、2025 年第三季度（1-9 月）矿石原材料的成本情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号——行 业信息披露》《关于做好主板上市公司 2025 年第三季度报告披露工作的重要提 醒》要求，现将西部黄金股份有限公司（以下简称"公司"）2025 年第三季度 （1-9 月）主要有色金属品种产销量及盈利情况披露如下（财务数据未经审计）： 一、2025 年第三季度（1-9 月）主营业务分行业、分产品、分地区、分销售模式情况 单位：元 币种：人民币 | | | | 主营业务分行业情况 | | | | | --- | --- | --- | --- | --- | --- | ...

Core Viewpoint - Southern Manganese (01091) reported a significant decline in revenue for the six months ending June 30, 2025, with earnings of HKD 2.912 billion, a decrease of 49.2% year-on-year [1] Financial Performance - The company recorded a profit attributable to owners of HKD 173 million, compared to a loss of HKD 163 million in the same period last year [1] - Basic earnings per share were HKD 0.0473 [1] Revenue Breakdown - The decrease in revenue was primarily due to a decline in sales from trading operations [1] - The company recognized an impairment loss of HKD 109 million on receivables from Dushan Jinmeng in the first half of 2024, impacting the profit for the first half of 2025 [1]

Core Viewpoint - Southern Manganese (01091) reported a significant decline in revenue for the six months ending June 30, 2025, with earnings of HKD 2.912 billion, a decrease of 49.2% year-on-year [1] Financial Performance - The company recorded a profit attributable to owners of HKD 173 million, compared to a loss of HKD 163 million in the same period last year [1] - Basic earnings per share were HKD 0.0473 [1] Revenue Decline - The decrease in revenue was primarily due to a drop in sales from trading operations [1] - The company recognized an impairment loss of HKD 109 million on receivables from Dushan Jinmeng in the first half of 2024, impacting the profit for the first half of 2025 [1]