Core Viewpoint - Dongmu New Materials Group Co., Ltd. has shown a significant stock price increase of 5.09% as of September 17, with a current share price of 32.00 CNY and a total market capitalization of 20.204 billion CNY [1] Company Overview - Dongmu New Materials Group Co., Ltd. is located in Ningbo, Zhejiang Province, established on July 11, 1994, and listed on May 11, 2004. The company specializes in powder metallurgy structural parts, primarily used in the automotive sector, household refrigeration compressors, motorcycles, power tools, office machinery, and construction machinery [1] - The revenue composition of the company includes: powder pressing forming 43.04%, metal injection molding 41.18%, soft magnetic composite materials 15.16%, and others 0.61% [1] Shareholder Insights - E Fund's "Quality Momentum Three-Year Holding Mixed A" fund (014562) is among the top ten circulating shareholders of Dongmu, having increased its holdings by 432,600 shares in Q2, now holding 5.4489 million shares, which is 0.88% of the circulating shares. The estimated floating profit today is approximately 8.4458 million CNY [2] - The fund was established on July 7, 2022, with a current size of 7.837 billion CNY. Year-to-date returns are 57.46%, ranking 559 out of 8172 in its category, while the one-year return is 83.29%, ranking 1001 out of 7980 [2] Fund Performance - E Fund's "Reform Dividend Mixed" fund (001076) has also increased its holdings in Dongmu by 733,200 shares in Q2, now holding 2.6522 million shares, which constitutes 3.35% of the fund's net value. The estimated floating profit today is around 4.1109 million CNY [4] - This fund was established on April 23, 2015, with a current size of 1.611 billion CNY. Year-to-date returns are 63.26%, ranking 424 out of 8172, while the one-year return is 99.18%, ranking 532 out of 7980 [4]

Group 1 - The core point of the news is that Lichong Group's stock price has dropped by 5.05%, currently trading at 24.62 CNY per share, with a total market capitalization of 15.744 billion CNY [1] - Lichong Group, established on July 28, 1998, and listed on March 19, 2015, specializes in the research, production, and sales of aluminum alloy wheels, lightweight and functional intermediate alloy new materials, and cast aluminum alloys [1] - The main revenue composition of Lichong Group includes: 54.50% from cast aluminum alloys, 33.23% from aluminum alloy wheels, 7.81% from intermediate alloys, and 4.46% from other sources [1] Group 2 - From the perspective of Lichong Group's top ten circulating shareholders, a fund under Southern Fund has increased its holdings in Lichong Group by 467,700 shares, now holding a total of 2.362 million shares, which accounts for 0.42% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) has a current scale of 64.953 billion CNY and has achieved a year-to-date return of 26.95% [2] - The fund manager of Southern CSI 1000 ETF, Cui Lei, has been in position for 6 years and 316 days, with the best fund return during this period being 145.93% [3]

2016-2025年1-4月金属制品业企业数统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市公司：盛和资源（600392），宝钛股份（600456），贵研铂业（600459），中金黄金（600489）， 鹏欣资源（600490），驰宏锌锗（600497），龙磁科技（300835），图南股份（300855），屹通新材 （300930），中洲特材（300963），浩通科技（301026），腾远钴业（301219），北方稀土（600111） 相关报告：智研咨询发布的《2025-2031年中国金属制品行业市场运行格局及前景战略分析报告》 2025年1-4月，金属制品业企业数（以下数据涉及的企业，均为规模以上工业企业，从2011年起，规模 以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入2000万元）为38098个， 和上年同期相比，增加了15 ...

Core Viewpoint - A new company, Bozhou Hongbo Aluminum Products Co., Ltd., has been established with a registered capital of 100,000 RMB, focusing on various metal products and manufacturing [1] Company Summary - The legal representative of the company is Ning Nan [1] - The registered capital of the company is 100,000 RMB [1] - The company's business scope includes manufacturing and sales of metal wire ropes, metal chains, and other metal products [1] - The company is also involved in the manufacturing of metal daily necessities, new metal functional materials, and metal packaging containers [1] - Additional activities include mold manufacturing and sales, office supplies sales, daily necessities sales, and hardware products retail [1]

天眼查App显示，近日，东台市云启邦金属材料制品厂（个体工商户）成立，法定代表人为贺李涛，注 册资本3万人民币，经营范围为一般项目：金属材料销售；钢压延加工；有色金属压延加工；有色金属 合金销售；金属制品销售；金属切削加工服务；金属表面处理及热处理加工；日用百货销售（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，邯郸市沐鼎紧固件有限公司成立，法定代表人为李鹏飞，注册资本300万人民 币，经营范围为一般项目：紧固件销售;金属制品销售;金属链条及其他金属制品销售;五金产品零售;建 筑用金属配件销售;金属工具销售;金属结构销售;光伏设备及元器件销售;建筑材料销售;阀门和旋塞销售; 保温材料销售;塑料制品销售;互联网销售（除销售需要许可的商品）;货物进出口（除依法须经批准的项 目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - The company is adjusting the conversion price of its convertible bonds ("甬金转债") due to the implementation of its 2025 semi-annual profit distribution plan, which includes a cash dividend of 0.30 yuan per share [4][14]. Group 1: Convertible Bond Issuance and Adjustments - The company issued 10 million convertible bonds with a total value of 1 billion yuan, with an initial conversion price of 53.07 yuan per share [2][3]. - The conversion price has been adjusted multiple times due to various profit distribution plans, with the latest adjustment setting the price at 26.74 yuan per share effective from September 23, 2025 [4][10]. Group 2: Profit Distribution Plan - The profit distribution plan for the first half of 2025 was approved, with a cash dividend of 3 yuan for every 10 shares held, effective from the registration date [17][19]. - The total number of shares eligible for distribution is 363,608,984 after excluding shares held in the company's repurchase account [17][18]. Group 3: Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, while those holding for less than one year will have tax implications based on their holding period [21][22]. - The company will withhold a 10% corporate income tax for qualified foreign institutional investors (QFII), resulting in a net cash dividend of 0.27 yuan per share for them [22].

Core Viewpoint - Jia Yi Co., Ltd. announced the convening of its 17th meeting of the third board of directors on September 15, 2025, to review various proposals, including the confirmation of the audit committee members and the convener [1] Company Summary - For the fiscal year 2024, Jia Yi Co., Ltd. reported that 97.39% of its revenue came from the metal products industry, while other businesses contributed 2.61% [1] - As of the report date, the market capitalization of Jia Yi Co., Ltd. is 9.1 billion yuan [1]

Core Viewpoint - The company, Shenzhen Minglida Precision Technology Co., Ltd., hosted an investor relations event with 18 institutions, discussing its business performance, strategic partnerships, and future growth prospects [1][2]. Group 1: Business Performance - The company reported significant growth in mid-year revenue, indicating a positive trend towards profitability, although gross margin has declined and operating cash flow remains negative [2]. - Overall revenue increased year-on-year, driven by sales growth and improved capacity utilization, leading to a reduction in overall expense ratio [2]. - The company expects profit margins to continue improving in the future due to enhanced internal cost control measures [2]. Group 2: Main Business Operations - The company's main focus is on the R&D and production of precision components and molds, establishing a multi-process integrated manufacturing system [2]. - The die-casting and injection molding businesses saw improved gross margins due to sales growth, while the stamping business remained flat, experiencing a decline in gross margin due to increased asset scale and manufacturing costs [2]. - The company is a core supplier for many key clients, with anticipated order growth as projects ramp up [2]. Group 3: Strategic Partnerships and Technology - The strategic partnership with Zhongguancun Robotics is seen as having significant potential, although its current impact on the company's operations is limited [2]. - The company's core technological advantages include service capabilities, customer resources, R&D design, and location, particularly emphasizing its "one-stop service" capability [2]. Group 4: International Expansion - Production bases in Mexico and Hungary primarily cater to the needs of leading clients in the overseas new energy vehicle, photovoltaic, and energy storage sectors, with current capacity meeting short-term demand [2]. - The company faces risks related to customer demand fluctuations and local tariff policies [2]. Group 5: Future Growth Areas - The photovoltaic and energy storage business is expected to see significant growth by 2025, driven by customer inventory reduction and market expansion [2]. - The company is establishing collaborations in the robotics sector and has formed a subsidiary for liquid cooling business, focusing on internal support and market expansion [2]. Group 6: Financial Strategies - The company plans to implement a stock buyback of 100 million yuan in 2024 and 60 million yuan in 2025 to stabilize its market value and protect shareholder interests [2].

Economic Growth Overview - In August, China's economic growth momentum slowed down, with both supply and demand sides experiencing a decline in growth rates. Analysts suggest that due to high base effects and tariff uncertainties, along with the waning effects of the "trade-in" policy, downward pressure on the domestic economy is expected to increase in the fourth quarter, necessitating new policies to stabilize investment and promote consumption to achieve the annual growth target of around 5% [1][11]. Production Sector Analysis - In August, the industrial added value for large-scale enterprises grew by 5.2% year-on-year, a decrease of 0.5 percentage points from the previous month. The service production index growth rate was 5.6%, down 0.2 percentage points from the previous month [1]. - The "anti-involution" policy is identified as a primary reason for the cooling of industrial production. The industrial production intensity has declined for two consecutive months, influenced by extreme weather and the effects of the "anti-involution" policy [2]. - The added value of upstream production sectors showed strong performance, with non-ferrous metal smelting and rolling industries growing by 9.1% year-on-year, while coal mining and washing industries grew by 5.1% [2]. Demand Side Insights - In August, the total retail sales of consumer goods and exports in USD grew by 3.4% and 4.4% year-on-year, respectively, both showing declines from the previous month [3]. - The retail sales growth rate has been declining for three consecutive months, primarily due to the diminishing effects of the "trade-in" policy. The largest month-on-month declines were seen in home appliances and communication equipment, with decreases of 14.4% and 7.6% respectively [3][5]. Investment Trends - Investment growth has slowed for five consecutive months, with real estate, infrastructure, and manufacturing investments all experiencing varying degrees of decline [6]. - Infrastructure investment growth fell to 2.0% year-on-year for the first eight months, a decrease of 1.2 percentage points from the previous month. Manufacturing investment growth dropped to 5.1%, the lowest level since early 2021 [9]. - Analysts indicate that the decline in manufacturing investment is influenced by extreme weather and rising global trade uncertainties, which suppress the willingness of downstream enterprises to expand production [7]. Policy Recommendations - Analysts suggest that maintaining stable economic growth is becoming increasingly challenging, and timely policy adjustments are necessary. The potential for new incremental policies is anticipated, possibly by the end of September, including new policy financial tools and early allocation of local government debt quotas to improve infrastructure investment [12].