观点聚焦 我 们认为，在供应边际增量有限的背景下，出口及国内需求预期改善或推动国内稀土价格整体回升。考虑到逆全球化背景下，全球稀土供应格 局正在经历深刻重塑，国内稀土和磁材企业，以及海外稀土产业链相关公司有望迎来重估。 理由 2024年稀土价格同比回落，海内外稀土企业业绩分化。 一是2024年氧化镨钕、氧化铽、钕铁硼50H均价同比分别-26%/-37%/-23%，于2Q24起逐 步企稳。二是国内上游四家稀土企业2024年合计归母净利润同比-81%，四家稀土永磁企业2024年合计归母净利润同比-54%。2Q24起，国内稀土 及磁材企业经营随价格企稳回升呈逐步改善态势。三是美国MP公司2Q24起持续亏损，澳大利亚Lynas 2024年净利润同比-75%。 全球稀土供应格局正在经历深刻重塑。 一是稀土元素性质优异且应用广泛、难以被替代，被多国政府列入关键矿产目录。二是中国凭借资源优 势、技术迭代和产业链集聚所带来的规模效应和协同优势，稀土资源开发和冶炼相对于海外均具备成本优势。三是国内稀土产业链呈现出供给 可控能力进一步提升、内外盘价格割裂及盛、资源海外布局持续推进及磁材企业产能扩张分化、人形机器人及低空经济等新需 ...

据商务部市场运行监测系统显示，7月7日至13日，全国食用农产品市场价格比前一周（环比，下同）上 涨0.1%，生产资料市场价格比前一周下降0.3%。 食用农产品市场：30种蔬菜平均批发价格每公斤4.12元，上涨0.7%，其中西红柿、生菜、莴笋分别上涨 10.7%、5.6%和5.3%。水产品批发价格略有上涨，其中鲢鱼、鲤鱼、鲫鱼分别上涨0.9%、0.7%和0.7%。 肉类批发价格以涨为主，其中猪肉每公斤20.84元，上涨0.8%，牛肉上涨0.8%，羊肉下降0.3%。粮油批 发价格稳中有降，其中面粉、花生油均与前一周持平，菜籽油、豆油、大米分别下降0.4%、0.2%和 0.2%。禽产品批发价格略有下降，其中鸡蛋、白条鸡分别下降1.5%和0.4%。6种水果平均批发价格小幅 下降，其中香蕉、葡萄、柑橘分别下降2.8%、2.0%和0.8%。 生产资料市场：有色金属价格小幅下降，其中铜、铝、锌分别下降2.1%、0.1%和0.1%。成品油批发价 格略有下降，其中0号柴油、92号汽油、95号汽油分别下降0.3%、0.1%和0.1%。基础化学原料价格小幅 波动，其中纯碱、甲醇、聚丙烯分别下降0.9%、0.7%和0.4%，硫酸上涨 ...

上海黄金交易所黄金T+D 7月17日（周四）收盘下跌0.16%报770.78元/克； 上海黄金交易所白银T+D 7月17日（周四）收盘上涨0.11%报9124.0元/千克。 黄金延期 白银延期 ...

盘面上，CPO概念全天强势，军工装备板块活跃，医药、消费电子、钢铁板块涨幅居前；贵金属板块低 迷，地产、银行、燃气、电力股跌幅居前。 7月17日，三大股指集体收涨，沪指报收3516.83点，涨0.37%；深成指报收10873.62点，涨1.43%；创业 板指报收2269.33点，涨1.76%。沪深两市全天成交额1.54万亿，较上个交易日放量973亿。全市场超 3500只个股上涨，超1600只个股下跌。 盘面上，CPO概念全天强势，军工装备板块活跃，医药、消费电子、钢铁板块涨幅居前；贵金属板块低 迷，地产、银行、燃气、电力股跌幅居前。 | 板块名称 | | 涨幅♣ 主力净量 主力金额 | | 板块名称 | 涨幅合 | 主力净量 | 王力金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 元件 | +4.64% | 1.95 | +26.95 Z | 贵金属 | -1.01% | -1.67 | -5.51 乙 | | 兵装重组概念 | +4.22% | 2.04 | +7.747 | 保险 | -0.71% | -0.02 | +8580万 | | ...

作者：杨溪 出品：洞察IPO 辅导备案登记受理 7月7日-7月13日，有5家公司境内（沪深两市）发行上市辅导备案登记获受理。 万得福是一家集研发、生产加工及销售为一体的现代化大型生产企业。 万得福的主营业务为食品级聚丙烯(PP)和聚苯乙烯(PS)为原材料的普通塑料餐具和高档仿金属塑料餐具的研发、生产、销售和售后服务。 | 数据来源：公开信息；图表 | | --- | 制作：洞察IPO 湖南省美程新材料科技股份有限公司 7月8日，湖南省美程新材料科技股份有限公司（简称：美程科技）向湖南证监局提交了上市辅导备案报告，辅导机构为中信证券。 美程科技是是专业从事先进陶瓷零部件研发、生产及销售的高新技术企业、国家级重点"小巨人"企业。 企查查显示，自2022年A轮融资起，至2025年最后一次B轮融资，美程科技累计进行过2次融资活动，期间投资方包括兴湘资本、湖南高新创投、湘江国投等 投资机构。 美程科技的控股股东和实际控制人为方豪杰，持股比例为69.20%股份。此外，湖南艾华控股有限公司直接持股12.80%。 浙江万得福智能科技股份有限公司 7月9日，浙江万得福智能科技股份有限公司（简称：万得福）向浙江证监局提交了上市辅 ...

在全球地缘风险常态化、美元信用体系弱化和经济不确定性升温的背景下，黄金成为了衡量资产价值 的"标尺"。 浙商证券分析师廖静池、王大霁等在16日发布的研报中表示，在假设的"金本位"框架下复盘资产表现， 2018年以来能跑赢黄金的资产极为有限，仅有个别虚拟货币、微盘股指数、贵金属行业和小盘规模因子 策略录得正收益。 研报称，这反映出美元信用弱化、全球地缘风险常态化和经济不确定性升温等宏观特征，凸显了黄金作 为避险资产的长期配置价值。 分行业看，浙商证券指出，长期仅高股息相对抗跌，近期金融科技尤其是虚拟货币大幅领跑；在二级行 业中，贵金属一枝独秀，新动能优于旧动能；从风格和策略因子来看，小市值是绝对的赢家，微盘股指 数在所有时期都跑赢了黄金。 大类资产：虚拟货币脱颖而出，其余多受流动性驱动 根据浙商证券报告，2018年3月至2025年6月，以黄金标价的大类资产中，仅个别虚拟货币录得正收益， 其他类别普遍跑输。 报告指出，虚拟货币跑赢源于支付便利、技术革新溢价和供给稀缺，如比特币减半机制强化其"数字黄 金"属性，对投资者而言，这提供了一种对抗美元信用弱化的替代配置，特别是在地缘冲突频发期。 权益资产名义增长强劲，但黄 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 根据上交所、深交所等主流交易所的预告规则，如果上市公司预计全年或半年度出现 净利润为负 值、扭亏为盈、净利润同比上升或下降超过 50%以上 等情形，就需要在 7月15日前强制披露。 （上交所、深交所、创业板、科创板等各有细则，但大体原则一致） 7月15日已过，A股上市公司密集发布中报业绩预告，多家公司营业收入、净利润同比大幅增长！ 为方便投资者进行参考，本文将对业绩预增幅度居前的A股上市公司进行排名，并对其年初至今 涨跌幅进行统计。 （ 点此查看完整名单 ） 0 1 最高预增超 2300% ！营收净利润双增长个股名单出炉！ 2025年上半年，哪些A股上市公司在中报预告中披露 营业收入、净利润双双实现增长 ？笔者在 中报预告中对营业收入、净利润均实现增长的上市公司进行筛选，并按照中报预告净利润增速上 限进行排名。 经私募排排网整理，上榜的20只个股中报预告净利润增速上限均超过100%，且同期营业收入也 实现正增长。值得注意的是，上榜的20只个股年内股价涨幅整体表现亮眼，年初至今平均涨幅达 到31.25%，揭示市场对于业绩显著提升、基本面有所改善的标 ...

Group 1: Report Summary - The report provides a morning briefing on metal option strategies, covering various metal options including non - ferrous metals, precious metals, and black metals [1][2] - It analyzes the underlying futures market conditions, option factors such as PCR, pressure and support levels, and implied volatility, and offers corresponding option strategies and suggestions [3][4][7] Group 2: Underlying Futures Market Overview - The latest prices, price changes, trading volumes, and open interest changes of multiple metal futures contracts are presented, including copper, aluminum, zinc, etc [3] Group 3: Option Factor Analysis Volume and Open Interest PCR - The volume and open interest PCR values of different metal options are given, which are used to describe the strength of the option underlying market and the turning point of the market [4] Pressure and Support Levels - The pressure and support levels of various metal options are analyzed from the perspective of the strike prices with the largest open interest of call and put options [5] Implied Volatility - The implied volatility data of different metal options are provided, including at - the - money implied volatility, weighted implied volatility, and their changes [6] Group 4: Option Strategies and Suggestions Non - Ferrous Metals - For copper options, a short - volatility seller option portfolio strategy is recommended to obtain time - value income [7] - For aluminum options, a bull spread strategy for call options and a short call + put option portfolio strategy are suggested [9] - For zinc options, a short neutral call + put option portfolio strategy is proposed [9] - For nickel options, a short bearish call + put option portfolio strategy and a spot long - hedging strategy are recommended [10] - For tin options, a short - volatility strategy and a spot collar strategy are suggested [10] - For lithium carbonate options, a short bullish call + put option portfolio strategy and a spot long - hedging strategy are proposed [11] Precious Metals - For gold and silver options, a short - volatility neutral option seller portfolio strategy and a spot hedging strategy are recommended [12] Black Metals - For rebar options, a short neutral call + put option portfolio strategy and a spot long - covered call strategy are suggested [13] - For iron ore options, a bull spread strategy for call options, a short bullish call + put option portfolio strategy, and a spot long - collar strategy are proposed [13] - For ferroalloy options, a short - volatility strategy is recommended for manganese silicon [14] - For industrial silicon and polysilicon options, a bull spread strategy for call options, a short bullish call + put option portfolio strategy, and a spot hedging strategy are suggested [14] - For glass options, a short - volatility short call + put option portfolio strategy and a spot long - collar strategy are recommended [15]

Group 1 - Yaxin Security plans to reduce its shareholding by up to 3%, totaling no more than 12 million shares, from August 8, 2025, to November 7, 2025 [1] - Shangwei Co. intends to issue up to 180 million shares to its controlling shareholder, raising no more than 1.144 billion yuan for digital upgrades and working capital [1][2] - Anker Innovations is exploring the possibility of overseas share issuance to enhance its global strategy and brand image, with no specific plan confirmed yet [3] Group 2 - AVIC Xi'an Aircraft Industry Group's chairman resigned due to work changes, effective immediately upon submission of the resignation [4] - Tianci Materials signed a procurement cooperation agreement to supply at least 550,000 tons of electrolyte products to Chuangneng New Energy from 2025 to 2030, enhancing market share and profitability [5][6] - Guangshentang's innovative drug GST-HG131 has been included in the list of breakthrough therapies, but this does not guarantee market approval or immediate financial impact [7][8] Group 3 - Chaozhuo Aerospace plans to reduce its shareholding by up to 3%, totaling no more than 896,000 shares, from August 7, 2025, to November 6, 2025 [9] - Taiji Group intends to repurchase shares worth between 80 million and 120 million yuan, with a maximum price of 28.03 yuan per share, to be used for cancellation [11][12] - Xibu Materials plans to invest 125 million yuan in a private placement by its subsidiary to raise 147 million yuan for working capital and loan repayment [13] Group 4 - Shantui Co. plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [14] - *ST Huawang intends to acquire 55.5% of Niwei Power for 666 million yuan, entering the new energy hybrid vehicle sector [15] - Tailin Bio's controlling shareholder plans to reduce its shareholding by up to 1.5%, totaling no more than 1.8195 million shares, for personal funding needs [17] Group 5 - Huicheng Vacuum plans to reduce its shareholding by up to 3%, totaling no more than 3 million shares, from August 7, 2025, to November 6, 2025 [18][19] - Kesi Co.'s actual controller plans to reduce its shareholding by up to 3%, totaling no more than 14.27 million shares, for personal funding needs [20][21] - Zhongchong Co.'s controlling shareholder plans to reduce its shareholding by up to 1.5%, totaling no more than 4.56 million shares, for funding needs [22][23] Group 6 - Shanhigh Environmental plans to raise no more than 718 million yuan through a private placement to supplement working capital and repay bank loans [24][25] - Zhongrong Electric plans to invest 114 million yuan in the construction of the Sinok New Energy Technology Park, expected to be completed by the end of 2027 [26] - Kaisen New Materials' shareholder plans to transfer 4.75% of its shares, totaling 20 million shares, for personal funding needs [27] Group 7 - Xinxin Standard's controlling shareholder plans to reduce its shareholding by up to 3%, totaling no more than 6.7792 million shares, for personal funding needs [28] - Chuhuan Technology plans to invest 9.99 million yuan in a partnership focused on high-end manufacturing, including semiconductors and new materials [29] - Shankai Intelligent's stock will resume trading after a share transfer agreement with Changjiang Aerospace, which will become the controlling shareholder [30]

新能源及有色金属日报 | 2025-07-17 锌海外库存持续增加 重要数据 现货方面：LME锌现货升水为-9.95 美元/吨。SMM上海锌现货价较前一交易日下跌100元/吨至22050元/吨，SMM 上海锌现货升贴水较前一交易日持平于30元/吨，SMM广东锌现货价较前一交易日下跌110元/吨至21970元/吨。 SMM广东锌现货升贴水较前一交易日下跌10元/吨至-50元/吨，SMM天津锌现货价较前一交易日下跌110元/吨至 22000元/吨。SMM天津锌现货升贴水较前一交易日下跌10元/吨至-20元/吨。 期货方面：2025-07-16沪锌主力合约开于22040元/吨，收于22045元/吨，较前一交易日下跌60元/吨，全天交易日成 交89469手，较前一交易日减少29569手，全天交易日持仓78311手，较前一交易日减少5993手，日内价格震荡，最 高点达到22065元/吨，最低点达到21965元/吨。 库存方面：截至2025-07-14，SMM七地锌锭库存总量为9.31万吨，较上周同期增加0.4万吨。截止2025-07-16，LME 锌库存为121350吨，较上一交易日增加2750吨。 市场分析 现货市场 ...