新能源及有色金属日报 | 2025-07-03 锌价上方持续受到供给压力 重要数据 现货方面：LME锌现货升水为-18.75 美元/吨。SMM上海锌现货价较前一交易日上涨10元/吨至22290元/吨，SMM 上海锌现货升贴水较前一交易日持平于105元/吨，SMM广东锌现货价较前一交易日持平于22250元/吨。SMM广东 锌现货升贴水较前一交易日下跌10元/吨至65元/吨，SMM天津锌现货价较前一交易日上涨10元/吨至22220元/吨。 SMM天津锌现货升贴水较前一交易日持平于35元/吨。 策略 单边：谨慎偏空。 套利：中性。 风险 1、海外矿预期外扰动。2、国内消费不及预期。3、流动性变化超预期。 期货方面：2025-07-02沪锌主力合约开于22250元/吨，收于22230元/吨，较前一交易日下跌25元/吨，全天交易日成 交128020手，较前一交易日减少50663手，全天交易日持仓129763手，较前一交易日减少4670手，日内价格震荡， 最高点达到22310元/吨，最低点达到22145元/吨。 库存方面：截至2025-06-30，SMM七地锌锭库存总量为8.06万吨，较上周同期增加0.28万吨。截止20 ...

| 变化 | -20 | 10 | 0 | 0 | 0.00 | 0 | | --- | --- | --- | --- | --- | --- | --- | | 日期 | 沪锌现货进口盈利 | 沪锌期货进口盈利 | 锌保税库premium | LME C-3M | LME锌库存 | LME锌注销仓单 | | 2025/06/26 | -1301.91 | -1273.21 | 140 | -2 | 119850 | 30775 | | 2025/06/27 | -1338.95 | -1398.26 | 140 | -0 | 119225 | 27900 | | 2025/06/30 | -1440.41 | -1376.43 | 140 | -10 | 117475 | 27150 | | 2025/07/01 | -1256.15 | -1305.67 | 140 | -19 | 114900 | 25600 | | 2025/07/02 | -1028.32 | -1131.52 | 140 | -22 | 113425 | 24225 | | 变化 | 227.83 | 174.15 | 0 | ...

有色金属日报 2025-7-3 五矿期货早报 | 有色金属 铜 有色金属小组 吴坤金 从业资格号：F3036210 交易咨询号：Z0015924 0755-23375135 wukj1@wkqh.cn 曾宇轲 从业资格号：F03121027 0755-23375139 zengyuke@wkqh.cn 张世骄 从业资格号：F03120988 0755-23375122 zhangsj3@wkqh.cn 铝 国内商品情绪面偏暖，沪铝多头继续增仓，昨日伦铝收涨 0.48%至 2614 美元/吨，沪铝主力合约收 至 20715 元/吨。昨日沪铝加权合约持仓量 69.3 万手，环比增加 1.3 万手，期货仓单微降至 2.8 万 吨，维持偏低水平。根据 SMM 统计，国内三地铝锭库存录得 32.9 万吨，环比减少 0.05 万吨，佛 山、无锡两地铝棒库存环比增加约 0.36 万吨，铝棒加工费下滑。现货方面，昨日华东现货升水期 货 10 元/吨，环比下调 30 元/吨，下游存在畏高情绪，氛围维持偏淡。外盘方面，昨日 LME 铝库存 35.7 万吨，环比增加 0.8 万吨，注销仓单比例降至 2.4%，Cash/3M 维持贴 ...

金融衍生品： 金融期货： 股指期货、国债期货 贵金属： 黄金、白银 集运欧线 广发早知道-汇总版 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 商品期货： 有色金属： 铜、氧化铝、铝、铝合金、锌、锡、镍、不锈钢、碳酸锂 黑色金属： 钢材、铁矿石、焦煤、焦炭 农产品： 油脂、粕类、玉米、生猪、白糖、棉花、鸡蛋、花生、红枣、苹果 能源化工： 原油、PTA、乙二醇、苯乙烯、短纤、尿素、瓶片、烧碱、PVC、LLDPE、 PP 特殊商品： 橡胶、玻璃纯碱、工业硅、多晶硅 2025 年 7 月 3 日星期四 投资咨询业务资格： 证监许可【2011】1292 号 组长联系信息： 张晓珍（投资咨询资格：Z0003135） 电话：020- 88818009 邮箱：zhangxiaozhen@gf.com.cn 刘珂（投资咨询资格：Z0016336） 电话：020-88818026 邮箱：qhliuke@gf.com.cn 叶倩宁（投资咨询资格：Z0016628） 电话：020- 88818017 邮箱：yeqianning@gf.com.cn 周敏波（投资咨询资 ...

Core Viewpoint - Jiangsu Longda Superalloy Co., Ltd. has received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, prompting the company to provide clarifications and corrections related to its financial disclosures and operational performance [1]. Financial Performance - The company reported significant revenue growth in the aerospace, gas turbine, and automotive turbocharger sectors, with increases of 46.64%, 67.34%, and 52.34% respectively [1]. - Other business revenues amounted to 85.724 million yuan [1]. - The company adjusted its financial data, ensuring that the corrections do not impact the overall financial status or cash flow for the years 2023 and 2024 [1]. Revenue Structure - The revenue structure for 2024 shows a notable increase in the aerospace sector, driven by demand from key domestic aerospace manufacturers [5]. - The gas turbine sector also experienced substantial growth, attributed to increased demand from domestic and international high-temperature alloy material service providers [9]. - The automotive turbocharger sector's revenue decreased from 16.08% in 2022 to 3.4% in 2024, indicating a shift in market dynamics [1]. Client Performance - The top five clients in the aerospace sector contributed significantly to revenue, with notable sales increases observed from key clients [6]. - The company’s sales to client one in the aerospace sector increased dramatically, reflecting a growing demand for domestic civil aviation engine materials [5]. - In the gas turbine sector, sales to client nine surged due to increased high-temperature alloy demand, highlighting the impact of domestic projects on revenue growth [9]. Sales Model Analysis - The company categorizes its sales into direct sales and dealer models, with direct sales representing end-user transactions and dealer sales involving trade merchants [3]. - Adjustments in sales models have been made to better reflect the operational realities and market conditions [3].

宁波博威合金材料股份有限公司 宁波博威合金材料股份有限公司（以下简称"公司"）2025 年第三次独立董 事专门会议于 2025 年 7 月 2 日 8:00 在公司会议室召开。会议应出席独立董事 3 人，实际出席独立董事 3 人。本次会议的召集和召开程序符合《上市公司独立 董事管理办法》《博威合金独立董事专门会议工作制度》等有关规定，会议决议 合法、有效。会议通过如下决议： 一、审议通过《关于 2023 年股票期权与限制性股票激励计划首次授予期权 第二个行权期行权条件及限制性股票第二个限售期解除限售条件成就的议案》 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《2023 年股票期权与限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"） 的相关规定，独立董事专门会议认为公司 2023 年股票期权与限制性股票激励计 划首次授予期权第二个行权期行权条件及限制性股票第二个限售期解除限售条 件已经成就，同意公司为满足条件的激励对象办理股票期权行权/限制性股票解 除限售所需的相关事宜。同意将本议案提交公司董事会审议。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 二、审议通过《关于注 ...

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Ningbo Bowei Alloy Materials Co., Ltd. has fulfilled the necessary conditions for the second exercise period of stock options and the lifting of restrictions on restricted stocks as part of its 2023 stock option and restricted stock incentive plan [1][2][3] Group 1: Implementation of the Incentive Plan - As of the date of the legal opinion, the implementation of the 2023 stock option and restricted stock incentive plan has been verified, including the approval of relevant proposals by the board and the independent opinions of independent directors [5][6][10] - The company granted a total of 44.385 million stock options to 535 eligible incentive objects and 2.4 million restricted stocks to 4 eligible incentive objects on May 18, 2023 [10][11] - The actual registration of stock options granted was 43.805 million, with 524 individuals registered, and the registration of restricted stocks was completed on July 5, 2023, with 240,000 shares granted to 4 individuals [11] Group 2: Conditions for Exercise and Lifting of Restrictions - The second exercise period for the stock options will end on June 29, 2025, and the conditions for exercising the options have been met, including no adverse audit opinions and compliance with performance targets [14][15] - The performance target for the second exercise period requires a net profit growth of at least 40% compared to 2022, which has been achieved [16][17] - The lifting of restrictions on the restricted stocks is contingent upon similar conditions, including no adverse audit opinions and meeting performance targets [17][18] Group 3: Cancellation of Stock Options - The company will cancel a total of 766,500 stock options due to various reasons, including the departure of 10 individuals and performance results of C and D for others [18][19] - The cancellation of stock options will not materially affect the company's financial status or the implementation of the incentive plan [19]

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms the legitimacy and compliance of the shareholding increase by the controlling shareholder of Ningbo Bowei Alloy Materials Co., Ltd, Bowei Group, in accordance with relevant laws and regulations [1][6][8] Group 1: Shareholder Information - Bowei Group, the controlling shareholder, holds 81.0248% of shares, with a registered capital of 75.8 million yuan and established on November 15, 1989 [2][4] - As of the date of the legal opinion, Bowei Group's shareholding in Bowei Alloy was 225,568,681 shares, accounting for 28.23% of the total share capital [5][8] Group 2: Shareholding Increase Plan - Bowei Group plans to increase its shareholding through the Shanghai Stock Exchange, with a total investment of no less than 100 million yuan and no more than 200 million yuan within 12 months starting from December 26, 2024 [5][6] - During the increase period, Bowei Group acquired 5,745,500 shares, totaling an investment of 111.4967 million yuan [5][6] Group 3: Compliance and Disclosure - The legal opinion confirms that Bowei Group's shareholding increase complies with the Securities Law and the Management Measures for the Acquisition of Listed Companies [6][8] - Bowei Alloy has fulfilled its information disclosure obligations regarding the shareholding increase, with multiple announcements made between December 26, 2024, and June 4, 2025 [7][8] Group 4: Conclusion - The legal opinion concludes that Bowei Group possesses the legal qualifications to be a shareholder and that the shareholding increase does not violate any prohibitive regulations [6][8]

编号：2025-004 证券简称：立中集团证券代码：300428 债券简称：立中转债 债券代码：123212 立中四通轻合金集团股份有限公司 投资者关系活动记录表 答：公司深耕铝合金产业 40 年，拥有行业领先的材料研发水 平和丰富的材料技术储备。公司持续关注在机器人领域的产业布 局，铝合金作为机器人常用的轻量化材料，在机器人制造中发挥着 优异的轻量化效果，公司现有的高强高屈服免热处理压铸铝合金、 A356 铝合金、6 系和 7 系变形铝合金等产品可用于机器人零部件的 制造。其中，公司的高强高屈服免热处理压铸铝合金凭借优异的综 合性能表现获得关注，并且正在某欧洲机器人关节转轴上进行材料 验证，但目前还未实现营业收入，请注意投资风险。 3、公司产品在航空航天和飞机制造领域有哪些布局？ 答：在航空航天、飞机制造领域，公司研发和生产的铝基稀土 中间合金已应用于大飞机和航天部件铝合金的制造，生产的航空航 天级特种中间合金主要应用于航空航天的钛合金和高温合金领域， 已成功间接用于制造飞机发动机排气塞、发动机扇叶、喷嘴构件、 起落架、制动盘和紧固件等关键部位，并间接在国外某飞行汽车公 司的电动飞机（"空中出租车"）上得到 ...

有色商品日报 有色商品日报（2025 年 7 月 2 日） 一、研究观点 | 品 种 | | | | 点评 | | --- | --- | --- | --- | --- | | | 隔夜 LME 铜震荡走高，上涨 0.66%至 9943 | 美元/吨；SHFE 铜主力上涨 0.46%至 80390 | | | | | 元/吨；现货进口维系亏损态势。宏观方面，美国 6 月 | ISM 制造业 PMI 指数为 49，连 | | | | | 续四个月萎缩，预期为 48.8，前值为 48.5。美国 5 月 | JOLTS 职位空缺 776.9 万人，高 | | | | | 于预期的 730 万人，前值为 739.1 | 万人，该数值大幅超出市场预期，显示市场韧性。 | | | | | 美联储主席鲍威尔在一次会议上未排除 7 | 月降息可能，称若非关税已降息，关税料将 | | | | | 对通胀产生影响。关税方面，7 月 9 | 日关税重启最后期限，特朗普政府正在调整贸易 | | | | 铜 | | 谈判策略，从寻求全面互惠协议转向更有限的分阶段协议，以避免对部分国家重新征 | | | | | 收严厉关税。库存方面， ...