Core Viewpoint - Recently, Xi'an Qinchuang High Purity New Material Technology Co., Ltd. was established with a registered capital of 50 million RMB, focusing on the research and development of electronic materials and rare metal processing [1] Company Summary - The legal representative of the company is Li Chengshan [1] - The registered capital is 50 million RMB [1] - The company is located at No. 1 Building, Fengze Technology Park, West Avenue 170, High-tech Zone, Xi'an, Shaanxi Province [1] - The company type is classified as other limited liability company [1] - The business scope includes R&D, manufacturing, and sales of electronic materials, high-purity elements, rare earth metal smelting, and various technical services [1] Shareholder Structure - The major shareholders include: - Northwest Nonferrous Metal Research Institute: 30% [1] - Xi'an Xise Institute No. 7 Enterprise Management Partnership (Limited Partnership): 20% [1] - Xi'an Rare Metal Materials Research Institute Co., Ltd.: 12% [1] - Liu Chengze: 9% [1] - Liu Wei: 7.5% [1] Industry Context - The company operates within the manufacturing industry, specifically in the non-ferrous metal smelting and rolling processing sector [1] - The business activities are aligned with the growing demand for electronic materials and rare metals in various technological applications [1]

Company Overview - Shenzhen Junyou Technology Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The legal representative is Xiong Xiaomei, and the company is wholly owned by Ganzhou Juning High-tech Co., Ltd. [1] Business Scope - The company engages in various business activities including information consulting services (excluding licensed consulting services), sales and manufacturing of metal materials, sales of new metal functional materials, and domestic trade agency [1] - Other activities include the processing of non-metal waste and scraps, investment activities with self-owned funds, and non-residential real estate leasing [1] - The company does not have any licensed business projects [1] Industry Classification - The company is classified under the manufacturing industry, specifically in the non-ferrous metal smelting and rolling processing sector [1]

Group 1 - Shenzhen New Star (SH 603978) announced on August 4 that as of July 31, 2025, it has repurchased a total of 997,700 shares, accounting for 0.47% of the company's total share capital [2] - The highest purchase price for the repurchased shares was 12.58 CNY per share, while the lowest was 9.33 CNY per share, with a total expenditure of approximately 10.003 million CNY [2] - For the year 2024, the revenue composition of Shenzhen New Star is as follows: 96.09% from non-ferrous metal rolling processing, 3.68% from new energy lithium battery materials, and 0.23% from other businesses [2]

来源：金融界 经营范围含许可项目：认证服务；检验检测服务（依法须经批准的项目，经相关部门批准后方可开展经 营活动，具体经营项目以审批结果为准）金属加工机械制造；金属材料制造；金属材料销售；金属制品 销售；金属制品修理；认证咨询；货物进出口；金属切削加工服务；机械设备销售；机械设备研发；普 通机械设备安装服务；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；专业设计服 务；平面设计；图文设计制作；项目策划与公关服务；科技推广和应用服务；金属工具制造；金属工具 销售；模具制造；模具销售（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） 企业名称江苏越宝金属材料有限公司法定代表人李泽霖注册资本6000万人民币国标行业制造业>有色金 属冶炼和压延加工业>有色金属压延加工地址常州经济开发区遥观镇中吴大道6号A11-2企业类型有限责 任公司（自然人投资或控股的法人独资）营业期限2025-7-30至无固定期限登记机关江苏常州经济开发 区管理委员会 天眼查App显示，近日，江苏越宝金属材料有限公司成立，法定代表人为李泽霖，注册资本6000万人民 币，由杭州越乡控股有限公司全资持股。 序号股东名称持股比例1 ...

Core Viewpoint - Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. maintains a stable credit rating of AA for its main entity and its convertible bonds, indicating strong financial health and operational stability [1][4][10]. Company Overview - The company primarily engages in the production of automotive aluminum materials and components, with a focus on lightweight and high-performance aluminum products [4][10]. - As of March 2025, the company has a registered capital of 1.252 billion yuan and operates under the stock code "002540.SZ" [10]. Financial Performance - The company reported total revenue of 74.33 billion yuan in 2024, with a profit of 5.02 billion yuan [10][21]. - The EBITDA for 2024 was 8.86 billion yuan, reflecting a strong operational performance despite a slight decline in gross margin due to increased costs from external procurement [8][21]. - The company’s total debt stood at 16.57 billion yuan at the end of 2024, with a debt-to-equity ratio of 22.95%, indicating a low debt burden [6][10]. Operational Highlights - The company has maintained a strong competitive position through technological advancements and a solid customer base, including partnerships with major clients like Bosch and Valeo [4][16]. - Research and development investment reached 252 million yuan in 2024, accounting for 3.39% of total revenue, showcasing the company's commitment to innovation [5][10]. Risk Factors - The company faces operational risks due to safety incidents at subsidiaries, which have impacted production capacity and project timelines [4][21]. - The automotive aluminum market is experiencing increased competition, leading to potential pricing pressures on products [6][21]. Future Outlook - The company has several ongoing projects aimed at increasing production capacity, with a target of reaching 400,000 tons per year upon completion [4][21]. - The outlook remains stable, with expectations for continued demand in the automotive sector, particularly in lightweight materials for electric vehicles [4][10].

Company Overview - Guizhou Zhongbao Huanan Mining Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Chen Hao, and it is wholly owned by Zhongbao Huanan Technology (Shenzhen) Co., Ltd. [1] Business Scope - The company’s business scope includes coal and its products sales, metal ore sales, coal-based activated carbon production, mineral processing, and chemical products sales [1] - It is also involved in the sales of non-ferrous metal alloys, common non-ferrous metal smelting, high-performance non-ferrous metals and alloy materials, and construction decoration materials [1] - The company is permitted to conduct mineral resource exploration, subject to approval from relevant authorities [1] Industry Classification - Guizhou Zhongbao Huanan Mining Co., Ltd. is classified under the manufacturing industry, specifically in the non-ferrous metal smelting and rolling processing industry [1] - The company is located in the Guizhou Province, specifically in the Guiyang High-tech Zone [1]

证券简称： 天力复合 证券代码： 873576 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证券交易所主要 西安天力金属复合材料股份有限公司招股说明书 陕西省西安市经济技术开发区泾渭工业园西金路 西安天力金属复合材料股份有限公司 服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因素，审 慎作出投资决定。 保荐机构（主承销商） （上海市广东路 689 号） 1-1-1 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表明其对注册申 请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利能力、 投资价值或者对投资者的收益作出实质性判断或者保证。任何与之相反的声明均属虚假不实 陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自行负 责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法发行后因发 行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-2 声明 发行人及全体董事、监事、高级管 ...

证券简称： 天力复合 证券代码： 873576 西安天力金属复合材料股份有限公司 陕西省西安市经济技术开发区泾渭工业园西金路 西安天力金属复合材料股份有限公司招股说明书（注册稿） 本公司的发行申请尚未经中国证监会注册。本招股说明书申报稿不具有据以发行股票的法律效 力，投资者应当以正式公告的招股说明书全文作为投资决定的依据。 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证券交易所主要 服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因素，审 慎作出投资决定。 保荐机构（主承销商） （上海市广东路 689 号） 1-1-1 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表明其对注册申 请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利能力、 投资价值或者对投资者的收益作出实质性判断或者保证。任何与之相反的声明均属虚假不实 陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自行负 责；投资者自主判断发行人的 ...