有色金属行业 标配（维持） 有色金属行业双周报(2025/06/20-2025/07/03) 行 业 资料来源：东莞证券研究所，iFind 出口审批有望加快，稀土行业或将延续景气 2025 年 7 月 4 日 投资要点： 分析师：许正堃 SAC 执业证书编号： 行情回顾。截至2025年7月3日，申万有色金属行业近两周上涨7.18%，跑赢沪 深300指数3.92个百分点，在申万31个行业中排名第3名。截至2025年7月3日， 近两周有色金属行业子板块中，能源金属板块上涨9.83%，工业金属板块上涨 9.26%，小金属板块上涨5.43%，金属新材料板块上涨5.25%，贵金属板块下跌 1.09%。 周 报 有色金属行业重要新闻及观点 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 S0340523120001 电话：0769-23320072 邮箱： xuzhengkun@dgzq.com.cn 申万有色金属行业指数走势 黄金。美联储主席鲍威尔表示，无法确定7月份考虑降息是否为时过早，不会 排除任何一次会议，将取决 ...

宁波博威合金材料股份有限公司监事会 关于公司 2023 年股票期权与限制性股票激励计划 相关事项的审核意见 宁波博威合金材料股份有限公司（以下简称"公司"）监事会依据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、 《上市公司股权激励管理办法》 （以下简称"《管理办法》"） 等法律、法规及规范性文件、公司《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）》"或"本激励计划"）及《公司章程》的 有关规定，对本次激励计划相关事项进行了核查，发表核查意见如下： 一、关于本次激励计划首次授予期权第二个行权期可行权及限制性股票第二 个限售期解除限售激励对象的审核意见 形，具备实施股权激励计划的主体资格，不存在以下情形： （5）中国证监会认定的其他情形。 （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政处罚 或者采取市场禁入措施； （4）具有《公司法》规定的不得担任公司董事、高级管理 ...

Core Viewpoint - The article highlights the significant support from the Shaanxi provincial government in accelerating the development of Sui Rui New Materials Co., Ltd. through innovative policies and financial assistance, enabling the company to quickly expand its market presence and achieve growth. Group 1: Land Acquisition and Project Approval - The "standard land + commitment system" pilot policy implemented by the government has effectively reduced the time from land acquisition to project commencement by half [1][2] - The government has streamlined the approval process, allowing Sui Rui New Materials to receive all necessary permits on the same day as land acquisition, shortening the construction cycle by nearly 40% [2][3] Group 2: Financial Support and Innovation - The establishment of a "government-bank-enterprise" platform has facilitated special loans for Sui Rui New Materials, enabling the company to import advanced machinery and significantly improve product quality [4] - The company is projected to achieve a revenue of 1.33 billion yuan in 2024, reflecting a year-on-year growth of 12.78% [4] Group 3: Capital Market Development - Sui Rui New Materials successfully listed on the Sci-Tech Innovation Board on March 16, 2022, enhancing its competitiveness and brand influence in the industry [5] - The "listing doubling plan" initiated by Shaanxi provided essential guidance and support during the complex listing process, helping the company navigate regulatory challenges [5][6]

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.89亿元，其中，买入成交额为1.41亿 元，卖出成交额为1.48亿元，合计净卖出621.60万元。 具体来看，今日上榜营业部中，第一大买入营业部为国信证券股份有限公司浙江互联网分公司，买入金 额为3657.94万元，第一大卖出营业部为长江证券股份有限公司上海福州路证券营业部，卖出金额为 3944.70万元。 近半年该股累计上榜龙虎榜10次，上榜次日股价平均涨6.23%，上榜后5日平均涨16.27%。 诺德股份(600110)今日跌停，全天换手率23.39%，成交额26.35亿元，振幅9.86%。龙虎榜数据显示，营 业部席位合计净卖出621.60万元。 上交所公开信息显示，当日该股因日跌幅偏离值达-10.40%上榜，营业部席位合计净卖出621.60万元。 卖一 长江证券股份有限公司上海福州路证券营业部 3944.70 | 卖二 | 招商证券股份有限公司上海娄山关路证券营业部 | 3535.48 | | --- | --- | --- | | 卖三 | 国泰海通证券股份有限公司上海长宁区江苏路证券营业 | 2557.95 | | | 部 | | | 卖四 ...

Meeting Overview - The meeting was held on June 30, 2025, at 15:30, with online voting available from 9:15 to 15:00 on the same day [1][2] - A total of 268 shareholders attended, representing 740,839,278 shares, which is 50.1034% of the total voting shares [1][2] Attendance Details - Among the attendees, 4 shareholders were present at the venue, representing 410,632,995 shares (27.7713% of total voting shares) [1] - 264 shareholders participated via online voting, representing 330,206,283 shares (22.3320% of total voting shares) [2] Resolutions Passed - The following resolutions were approved during the meeting: 1. Change of registered capital and amendment of the Articles of Association, with 99.2069% approval [3] 2. Revision of the Rules of Procedure for Shareholders' Meetings, with 99.0953% approval [4] 3. Revision of the Rules of Procedure for Board Meetings, with 99.0951% approval [5] 4. Revision of the Independent Director Work System, with 99.2056% approval [6] 5. Establishment of the Director Resignation Management System, with 99.9813% approval [6] 6. Election of non-independent directors for the seventh board, with 97.3431% approval [7] 7. Election of independent directors for the seventh board, with 97.0173% approval [8][9] Legal Opinion - The legal opinion provided by Anhui Tianhe Law Firm confirmed that the meeting's procedures and resolutions were in compliance with relevant laws and regulations, making them valid and effective [9]

2025 年 6 月 30 日 有色金属 铂价格创近 1 个月新高，多晶硅价格再创 2014 年以来新低 ——金属新材料高频数据周报（20250623-20250629） 要点 军工新材料：电解钴价格上涨。（1）本周电解钴价格 24.80 万元/吨，环比 +5.1%。本周电解钴和钴粉价格比值 0.92 ，环比-1.3%；电解钴和硫酸钴价格 比值为 5.06 ，环比+0.8%。（2）碳纤维本周价格 83.8 元/千克，环比+0%。 毛利 -8.56 元/千克。（3）铍价格本周持平。 新能源车新材料：硫酸钴价格上涨。（1）本周 Li2O 5%锂精矿中国到岸价 545 美元/吨，环比 +1.87%。（2）本周电碳、工碳和电池级氢氧化锂价格分 别为 6.04 、5.91 和 5.84 万元/吨，环比-0.3%、-1.05%和-1.8%。电碳与工碳 价差为 2024 年 11 月以来新低，或代表锂电景气度相较工业领域有所减弱。 （3）本周硫酸钴价格 4.88 万元/吨，环比+2.31%。（4）本周磷酸铁锂、 523 型正极材料价格分别为 3.03 、10.55 万元/吨，环比+0%、+0.7%。（5） 本周氧化镨钕价格 ...

Summary of the Conference Call for 博迁新材 Company Overview - 博迁新材 is the only domestic company mastering PVD technology for powder production, benefiting from the recovery of AI servers and high-end consumer electronics, leading to a steady growth in high-end electronic powder demand, expected to reach around 250 million yuan [2][5][30] Key Industry Insights - The global MLCC market size is estimated between 100 billion to 110 billion USD, with a recovery of single-digit growth expected in 2024 and 2025 due to increased demand from AI servers and new energy vehicles [2][16][18] - The photovoltaic (PV) industry is experiencing a trend of reducing silver usage, with copper paste technology accelerating as a substitute, expected to reach an application volume of 30GW to 40GW in the coming year [2][8][32] Core Business Performance - The core business of 博迁新材 is nickel powder, contributing 70% to 80% of revenue, primarily used in MLCC for consumer and automotive electronics. In Q1 2024, revenue reached 250 million yuan with a net profit of nearly 50 million yuan, a 200% year-on-year increase, and a gross margin recovery to 32% [2][13][14][30] - The copper powder market for BC battery scenarios is expected to contribute a market space of over 700 tons by 2026, with significant growth potential [2][6] Financial Projections - The electronic powder business is expected to maintain stable profit levels, projected to reach around 250 million yuan [2][5] - The copper powder business is anticipated to see large-scale introduction in 2026, with expected shipments exceeding 1,000 tons and a gross margin of over 30% [4][31] - Overall, the company expects to achieve around 500 million yuan in revenue by 2026, with a market capitalization potentially reaching 15 billion yuan based on a 30x P/E ratio [4][32] Competitive Advantages - 博迁新材's competitive edge in the electronic powder sector lies in its strong technical capabilities, market position, brand accumulation, and continuous innovation, particularly through its unique PVD process [3][24] - The company has established a strong position in the copper powder market by collaborating with major clients in the PV sector, successfully developing silver-coated copper powder and HCD copper paste with initial shipments [2][9][28] Market Trends and Future Outlook - The demand for MLCCs is significantly driven by AI servers, with usage per server increasing dramatically compared to traditional servers [17] - The company is well-positioned to benefit from the domestic substitution trend in the powder supply chain, particularly in the PV sector [2][9] Key Milestones - Important milestones include the completion of technology validation by major clients in Q3 2025 and the large-scale introduction of copper paste in BC batteries in Q1 2026, which are expected to catalyze further growth [4][33]

证券代码：688379 证券简称：华光新材 公告编号：2025-051 杭州华光焊接新材料股份有限公司 关于公司新增套期保值业务的公告 鉴于公司微电子焊接用锡基钎料业务规模的持续增长，原材料锡的采购量逐 步提高，为充分利用期货套期保值功能，合理降低相应原材料及产成品价格波动 风险，提升风险抵御能力，综合考虑公司原材料锡的采购规模及套期保值业务的 预期成效等因素，在保证正常生产经营的前提下，公司（含全资子公司）拟新增 开展原材料锡的套期保值业务。公司的套期保值业务以正常生产经营为基础，以 降低原材料价格波动产生的不利影响为目的，不进行单纯以营利为目的的投机和 套利交易。 二、拟开展的套期保值业务概述 公司拟新增开展的套期保值业务只限于与生产经营相关的原材料锡。 公司拟新增开展套期保值业务合约价值不超过人民币 2000 万元，套期保值 业务保证金最高余额不超过人民币 500 万元（额度范围内资金可滚动使用），资 金来源为自有资金，不涉及募集资金。额度有效期为自公司董事会审议通过之日 起 12 个月。 公司董事会授权董事长在额度范围和有效期内行使该项决策权及签署相关 法律文件，具体事项由公司财务部门负责组织实施。 ...

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智通财经6月26日电，诺德股份(600110.SH)公告称，公司股票价格连续9个交易日内日收盘价格涨幅偏 离值累计达到100%，属于股票交易严重异常波动情形。经核实，公司、控股股东及实际控制人不存在 应披露而未披露的重大信息。公司股价涨幅远超行业平均水平及可比公司，存在交易过热风险。公司未 发现其他可能影响股价的重大事件，董事、高管及控股股东在异常波动期间无买卖公司股票行为。 诺德股份：股价涨幅远超行业平均水平及可比公司 存在交易过热风险 ...