发行人：上海友升铝业股份有限公司 保荐人（主承销商）：国泰海通证券股份有限公司 2025年9月18日 保荐人（主承销商）：国泰海通证券股份有限公司 上海友升铝业股份有限公司（以下简称"友升股份"、"发行人"或"公司"）首次公开发行股票并在主板上 市的申请已经上海证券交易所（以下简称"上交所"）上市审核委员会审议通过，并已经中国证券监督管 理委员会（以下简称"中国证监会"）证监许可〔2025〕1616号文同意注册。《上海友升铝业股份有限公 司首次公开发行股票并在主板上市招股说明书》在上海证券交易所网站（http://www.sse.com.cn）和符 合中国证监会规定条件网站（中国证券网，网址www.cnstock.com；中证网，网址www.cs.com.cn；证券 时报网，网址www.stcn.com；证券日报网，网址www.zqrb.cn；经济参考网，网址www.jjckb.cn）披露， 并置备于发行人、本次发行保荐人（主承销商）国泰海通证券股份有限公司的住所，供公众查阅。 ■ ...

9月17日，全省"人工智能+"创新应用工作会议在济南召开。会上，8家企业作了发言，分享了将人工智能技术深度融入企业生产经营管理的经验做法。让 我们来看一下他们怎么说。 以"成为化工行业(全球)Al应用领先企业"为目标,构建 AI驱动下的新科研范式,赋能化工制造创新。在万华氯碱工厂, 通过引入时序大模型TPT,对装置3000多个点位过去1年的历 史数据的分析和训练,在离子膜寿命预测、电解槽实时用电优 化、碳酸钠智能控制等场景试用,预计每年可产生综合经济效 益约1000万元。 全省"人工智能+"创新应用工作会议 2025年9月17日 与省领导面对面 IFRT 切IP 1 北元年 FRAF 山东魏桥创业集团董事长 倾力打造行业领先的智铝大模型,深度挖掘电解槽运行 时序规律,形成了"数据+机理+经验"融合的强泛化人工智能体 系。投用后电解槽冷热转换周期从14天延长至18天,降低了冷 热转换对寿命的影响;分子比波动降低15%,提升了槽稳定性, 降低了50%现场重复性工作。 全省"人工智能+"创新应用工作会议 2025年9月17日 大众新闻客户端 乐企业 FT T 定 上一 山钢集团永锋临港有限公司党委书记、董事长 按照 ...

证券日报网讯焦作万方（000612）9月17日在互动平台回答投资者提问时表示，公司股价波动受宏观环 境、市场情绪变化等多种因素影响。如有重大事项，公司将按规定进行公告。 ...

证券日报网讯 9月17日晚间，南山铝业发布公告称，2025年半年度利润分配方案为A股每股现金红利 0.04元（含税），股权登记日为2025年9月24日，除权（息）日为2025年9月25日。 （文章来源：证券日报） ...

Group 1 - The company, Jiaozuo Wanfang, confirmed that its main products are aluminum liquid, aluminum ingots, and aluminum alloy products, and it does not produce gallium products [2]

港交所消息：9月11日， 贝莱德 对 中国铝业 H股的多头持仓比例从4.71%增至5.15%。 ...

Group 1 - The company Shandong Nanshan Aluminum Co., Ltd. announced the implementation of its 2025 semi-annual profit distribution plan [1] - The profit distribution plan was approved at the annual shareholders' meeting held on April 15, 2025 [1] - A cash dividend of 0.40 yuan (including tax) will be distributed for every 10 shares, totaling 461,761,386.36 yuan (including tax) [1] Group 2 - The record date for the distribution is set for September 24, 2025, with the ex-dividend date and cash dividend payment date on September 25, 2025 [1] - The distribution will be made to all registered shareholders, excluding stocks held in repurchase accounts [1] - Different tax policies apply to various types of shareholders, and investors can consult the company's securities department for more information [1]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The overall fundamentals of the alumina industry are in a relatively stable supply - demand stage, with stable production and improved spot market transactions. It is recommended to trade with a light position within a range, controlling rhythm and risks [2]. - The fundamentals of the electrolytic aluminum industry may be in a stage of stable supply and increasing demand, with overseas interest - rate cut expectations driving the price up. The option market sentiment is bullish. It is also recommended to trade with a light position within a range, controlling rhythm and risks [2]. - The fundamentals of the cast - aluminum industry may be in a stage of slightly reduced supply and recovering demand, with a dull spot market. It is suggested to trade with a light position within a range, paying attention to rhythm and risks [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main SHFE aluminum contract was 20,910 yuan/ton, down 20 yuan; the main - second - consecutive contract spread was - 65 yuan, down 25 yuan. The main contract position decreased by 16,514 lots. The LME aluminum three - month quotation was 2,712 dollars/ton, up 7.5 dollars [2]. - The closing price of the main alumina futures contract was 2,937 yuan/ton, down 14 yuan; the main - second - consecutive contract spread was - 42 yuan, up 3 yuan. The main contract position increased by 38,407 lots. The LME aluminum cancelled warehouse receipts decreased by 1,500 tons, and the LME aluminum inventory decreased by 1,500 tons [2]. - The closing price of the main cast - aluminum alloy contract was 20,460 yuan/ton, down 20 yuan; the main - second - consecutive contract spread was - 40 yuan, down 25 yuan. The main contract position increased by 2,154 lots [2]. 3.2 Spot Market - The price of Shanghai Non - ferrous A00 aluminum was 20,950 yuan/ton, unchanged; the average price of ADC12 aluminum alloy ingots nationwide was 21,050 yuan/ton, unchanged; the price of Yangtze River Non - ferrous AOO aluminum was 20,920 yuan/ton, down 70 yuan [2]. - The alumina spot price in Shanghai Non - ferrous was 2,965 yuan/ton, down 5 yuan. The basis of cast - aluminum alloy was 590 yuan/ton, down 120 yuan; the basis of electrolytic aluminum was 40 yuan/ton, up 65 yuan [2]. - The SHFE aluminum premium/discount in Shanghai Wumaomao was - 50 yuan/ton, unchanged; the LME aluminum premium/discount was 15.98 dollars/ton, unchanged; the basis of alumina was 28 yuan/ton, up 37 yuan [2]. 3.3 Upstream Situation - The national alumina production in the current month was 792.47 million tons, up 35.98 million tons; the capacity utilization rate was 84.75%, up 0.45 percentage points. The demand for alumina (electrolytic aluminum part) was 722.07 million tons, up 25.88 million tons [2]. - The average price of crushed raw aluminum in Foshan metal scrap was 16,500 yuan/ton, unchanged; the average price in Shandong metal scrap was 16,150 yuan/ton, unchanged. China's import volume of aluminum scrap and fragments increased by 4,900.05 tons, and the export volume increased by 15.06 tons [2]. - China's alumina export volume was 23 million tons, up 6 million tons; the import volume was 12.59 million tons, up 2.47 million tons. The WBMS aluminum supply - demand balance decreased by 9.41 million tons [2]. 3.4 Industry Situation - The electrolytic aluminum social inventory increased by 1.6 million tons to 58.6 million tons. The import volume of primary aluminum increased by 55,884.22 tons to 248,198.71 tons; the export volume increased by 21,416.99 tons to 40,987.71 tons [2]. - The total electrolytic aluminum production capacity was 4,523.2 million tons, unchanged; the operating rate was 98.11%, up 0.33 percentage points. The aluminum product output was 554.82 million tons, up 6.45 million tons; the output of recycled aluminum alloy ingots was 63.59 million tons, up 1.27 million tons [2]. - The export volume of unwrought aluminum and aluminum products was 53.4 million tons, down 0.6 million tons; the export volume of aluminum alloy was 2.49 million tons, down 0.09 million tons [2]. 3.5 Downstream and Application - The built - up production capacity of recycled aluminum alloy ingots was 126 million tons, unchanged. The national real - estate climate index was 93.05, down 0.28 [2]. - The aluminum alloy output was 153.6 million tons, down 13.3 million tons. The automobile output was 275.24 million vehicles, up 24.21 million vehicles [2]. 3.6 Option Situation - The 20 - day historical volatility of SHFE aluminum was 6.63%, up 0.15 percentage points; the 40 - day historical volatility was 6.18%, down 0.10 percentage points [2]. - The implied volatility of the at - the - money option of the SHFE aluminum main contract was 11.12%, up 0.0002 percentage points; the call - put ratio was 1.15, down 0.033 [2]. 3.7 Industry News - Nine departments including the Ministry of Commerce issued policies to expand service consumption, covering cross - border cooperation, sports events, and market access in multiple fields [2]. - US retail sales in August increased by 0.6% month - on - month, with real retail sales growing by 2.1% year - on - year, which may influence the Fed's interest - rate cut decision [2]. - Pan Gongsheng pointed out that the international monetary system may evolve towards a pattern of co - existence and competition among a few sovereign currencies, and new technologies will drive the evolution of cross - border payment systems [2]. - As of the end of August, the national passenger - vehicle inventory decreased by 130,000 vehicles month - on - month, with rational production control by car companies from May to August [2]. 3.8 Alumina Viewpoint Summary - The main alumina contract weakened in a volatile manner, with increased positions, spot premium, and a strengthening basis. The supply of bauxite was affected by the rainy season in Guinea, but domestic alumina production was stable. The demand from electrolytic aluminum plants was good, and the overall supply - demand was stable. It is recommended to trade with a light position within a range [2]. 3.9 Electrolytic Aluminum Viewpoint Summary - The main SHFE aluminum contract declined in a volatile manner, with decreased positions, spot premium, and a strengthening basis. The supply of alumina was stable, and the profit of smelters was good, resulting in high - level production. The demand from downstream processing plants improved, and the social inventory of aluminum ingots decreased. The option market was bullish. It is recommended to trade with a light position within a range [2]. 3.10 Casting Aluminum Alloy Viewpoint Summary - The main cast - aluminum alloy contract declined in a volatile manner, with increased positions, spot premium, and a weakening basis. The supply of scrap aluminum was tight, restricting production. The demand from downstream die - casting plants improved, but the spot market was dull. It is recommended to trade with a light position within a range [2].

Group 1 - The core viewpoint of the articles highlights the production statistics of aluminum-related products in China for August 2025 and the cumulative data for the first eight months of the year [1] Group 2 - In August 2025, China's alumina production reached 7.925 million tons, representing a year-on-year increase of 7.5%. The cumulative production from January to August was 60.523 million tons, up 8.2% year-on-year [1] - The electrolytic aluminum production in August was 3.800 million tons, showing a slight decline of 0.5% year-on-year. The cumulative production for the first eight months was 30.138 million tons, which is a year-on-year increase of 2.2% [1] - Aluminum alloy production in August was 1.635 million tons, reflecting a significant year-on-year growth of 15.2%. The cumulative production from January to August was 12.324 million tons, with a year-on-year increase of 15.3% [1] - In contrast, aluminum material production in August was 5.548 million tons, which is a year-on-year decrease of 4.2%. The cumulative production for the first eight months remained flat at 43.790 million tons year-on-year [1]

电投能源（002128.SZ）9月17日在投资者互动平台表示，公司所属扎铝二期工程按照计划正常推进，预 计年底投产，经过调试后，2026年逐步释放产能，贡献利润。公司所属霍煤鸿骏铝电公司现有产能86万 吨，扎铝二期达产后产能35万吨。白音华煤电公司核定电解铝产能40.53万吨。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问扎铝二期建设进展如何？ ...