证券之星消息，9月29日小金属板块较上一交易日上涨1.41%，中矿资源领涨。当日上证指数报收于 3862.53，上涨0.9%。深证成指报收于13479.43，上涨2.05%。小金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002738 | 中矿资源 | 47.79 | 7.25% | 37.03万 | | 17.28亿 | | 600459 | 贵研铂业 | 16.75 | 4.04% | 39.66万 | | 6.60亿 | | 002167 | 东方错业 | 13.98 | 3.48% | 37.49万 | | 5.18亿 | | 000960 | 锡业股份 | 21.04 | 3.09% | 30.06万 | | 6.24亿 | | 002842 | 翔鹭钨业 | 10.67 | 2.50% | 17.30万 | | 1.83亿 | | 301026 | 浩通科技 | 29.61 | 2.42% | 4.90万 | | 1.45亿 | | 600 ...

Core Insights - The recent surge in the A-share margin trading balance has reached approximately 2.44 trillion yuan as of September 25, marking a historical high [1] - Several brokerage firms have announced increases in margin trading limits, indicating a robust market environment [1] Market Performance - The A-share market has shown strong performance this year, with active themes and improved trading sentiment among market participants [1] - There is a notable enhancement in the overall profitability of the stock market, reflecting investors' optimistic outlook and increased risk appetite [1] Leverage and Investment Structure - The current use of leveraged funds is more rational compared to the past, with a higher proportion of institutional investors involved, who typically possess stronger research and investment capabilities [1] - The primary flow of funds is directed towards high-growth sectors such as telecommunications, AI computing applications, battery technology in electrical equipment, robotics, automation equipment, engineering machinery, electronic components, consumer electronics, and precious metals in the non-ferrous metals sector [1]

小金属：国内市场延续弱势运行，锑锭价格下调。本周2#高铋锑锭市场价格为16.75万 元/吨，2#低铋锑锭市场价格为16.95万元/吨，1#锑锭市场价格为17.05万元/吨，0#锑锭市场 价格为17.35万元/吨，均价较上周同期下调0.3万元/吨；本周氧化锑价格下调，99.5%三氧化 二锑市场价格14.15万元/吨，均价较上周同期价格下调0.3万元/吨；99.8%三氧化二锑市场价 格15万元/吨，均价较上周同期价格下调0.25万元/吨；本周锑市场仍呈弱势运行，供需端， 原料矿低价现货难买，且报价调价谨慎，矿商挺价意愿强烈，价格阴跌下，卖货商采买也同 样谨慎，原料成本就锑价支撑强劲；冶炼厂目前虽保持开工状态但整体出货量不大，绝大多 数冶炼厂保留有一条生产线开工；需求端则继无利好提振，普遍反馈询单一般，下游选择面 较多，采购氧化锑99.5%情况好于氧化锑99.8%；本周成交情绪保持疲软状态，询单在国庆 假期前夕未见明显好转，各家均为维护老客户订单为主；此节点下，各家库存所剩不多，买 方市场下对市场看涨积极性不高。建议关注：湖南黄金，华锡有色，华钰矿业，豫光金铅。 稀土永磁：价格震荡，基本面改善方向不改。具体价格方面 ...

截至6月30日，金钼股份股东户数7.45万，较上期减少2.94%；人均流通股43303股，较上期增加3.03%。 2025年1月-6月，金钼股份实现营业收入69.59亿元，同比增长5.55%；归母净利润13.82亿元，同比减少 8.27%。 分红方面，金钼股份A股上市后累计派现103.36亿元。近三年，累计派现35.49亿元。 9月29日，金钼股份盘中上涨2.11%，截至13:18，报14.97元/股，成交2.59亿元，换手率0.54%，总市值 483.02亿元。 资金流向方面，主力资金净流入1821.60万元，特大单买入2031.73万元，占比7.84%，卖出2187.93万 元，占比8.44%；大单买入6020.13万元，占比23.24%，卖出4042.32万元，占比15.60%。 金钼股份今年以来股价涨54.97%，近5个交易日涨0.20%，近20日跌9.27%，近60日涨42.17%。 资料显示，金堆城钼业股份有限公司位于陕西省西安市高新技术产业开发区锦业一路88号金钼股份综合 楼A座，成立日期2007年5月16日，上市日期2008年4月17日，公司主营业务涉及主要从事钼矿开采及钼 炉料、钼化工、钼金 ...

Core Insights - The article highlights the strong performance of the non-ferrous metal sector, particularly the increase in the price of copper and aluminum, driven by supply disruptions and demand recovery [1][2] Group 1: Market Performance - The non-ferrous metal ETF showed a stable performance with a 1.5% increase in price and a transaction volume of 1.4755 million yuan, bringing the fund's total size to 303 million yuan [1] - Key stocks such as Baiyin Nonferrous, Guiyan Platinum, and Xingye Silver Tin saw significant gains of 3.6%, 3.23%, and 2.92% respectively, while Shenghe Resources experienced a decline of 1.41% [1] Group 2: Supply and Demand Dynamics - The Grasberg copper mine, the second largest globally, has halted production due to an accident, leading Freeport to project a significant decrease in copper sales by Q4 2025 and a potential 35% drop in production in 2026, exacerbating supply tightness [1] - The aluminum sector is witnessing a positive trend with successful technological advancements in aluminum alloy materials for automotive applications, recognized by high-end clients like BMW and Mercedes, which is expected to drive industry transformation [1] Group 3: Price Outlook - Tianfeng Securities indicates a bullish sentiment in the copper market, with prices expected to continue rising due to supply-demand dynamics and a favorable outlook for aluminum prices supported by inventory reductions and seasonal demand [1][2] - The cobalt sector is facing increased prices due to export bans and quota policies from the Democratic Republic of Congo, leading to a tightening of raw material supply [2]

智通财经APP获悉，中金发布研报称，市场当前仍处于8月底以来的震荡期，大幅上行的制约来自成交较快上涨、涨幅较大之后资金获利了结的动机，后 续表现可能需要新的催化因素，资金面多个重要变化共振使得前期市场资金热度较高，市场难以明显回调，下行风险较小。中期维度，全球货币秩序加速 重构，美元资产的安全性下降，人民币资产将继续获得重估，这意味着市场上涨根基并未动摇。 图表1：6月23日以来A股的上涨行情中，结构分化特征显著，仅有少数行业跑赢大盘指数 资料来源：Wind，中金公司研究部 一、 产能周期视角 产能周期视角寻找拐点型行业和弹性行业仍有意义。持续跟踪各行业的产能周期变化，并寻找实现产能出清和需求改善的弹性机会，在过去市场低迷时期 取得良好的超额收益。但是自去年9月市场转为上涨以来，投资者风险偏好提升并重点配置高景气行业，该策略的优势有所下降。但该策略对于寻找基本 面预期拐点行业有较好的效果，例如2023年的通信设备、商用车和航海装备，2024年一季报的消费电子和元件，2024年三季报的锂电池，都是从产能周期 视角识别的重点行业。在当下高度共识的行业之外，拐点型行业或者具备业绩改善弹性的行业，具备较好的配置价值。 ...

证券之星消息，9月26日小金属板块较上一交易日下跌0.78%，云南锗业领跌。当日上证指数报收于 3828.11，下跌0.65%。深证成指报收于13209.0，下跌1.76%。小金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000657 | 中钨高新 | 18.43 | 3.48% | 84.32万 | 15.58亿 | | 600459 | 贵研铂业 | 16.10 | 2.94% | 41.99万 | 6.89亿 | | 002738 | 中矿资源 | 44.56 | 2.46% | 30.05万 | 13.34亿 | | 600392 | 盛和盗源 | 22.68 | 1.89% | 148.15万 | 34.00亿 | | 600281 | 华阳新材 | 66'5 | 1.70% | 16.43万 | 9983.38万 | | 301026 | 浩通科技 | 28.91 | 1.58% | 4.43万 | 1.30亿 | | 600259 | 广晟有色 | 55 ...

Company Overview - Changyuan Tungsten Industry Co., Ltd. is located in Chongyi County, Ganzhou City, Jiangxi Province, established on February 28, 2000, and listed on March 31, 2010 [2] - The company specializes in the tungsten industry chain, including products such as APT, tungsten oxide, tungsten powder, tungsten carbide powder, tungsten materials, and hard alloys [2] - The revenue composition includes tungsten carbide powder (34.10%), tungsten powder (31.47%), hard alloys (21.28%), and other products [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 2.399 billion yuan, a year-on-year increase of 32.27%, and a net profit attributable to shareholders of 115 million yuan, up 2.54% year-on-year [2] - Since its A-share listing, the company has distributed a total of 862 million yuan in dividends, with 269 million yuan distributed in the last three years [3] Stock Market Activity - On September 26, the stock price increased by 2.14%, reaching 12.41 yuan per share, with a trading volume of 419 million yuan and a turnover rate of 2.85%, resulting in a total market capitalization of 14.91 billion yuan [1] - Year-to-date, the stock price has risen by 93.97%, with a slight decline of 0.24% over the last five trading days and a 16.43% drop over the last 20 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on August 26, where it recorded a net buy of -121 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders was 54,300, a decrease of 3.46% from the previous period, with an average of 22,019 circulating shares per shareholder, an increase of 3.58% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 8.7857 million shares, and other significant shareholders such as Yinhua XinJia Two-Year Holding Period Mixed Fund and Southern CSI 1000 ETF [3]

2025.09. 25 的上涨空间,深证成指创阶段新高,表现强于沪市,创业板指领涨三大指数,得益于科技成长 股的强劲表现。 涨跌停比 5 2H 9 个股涨少跌多,市场赚钱效应集中。CPO(光模 块)、液冷服务器、AI应用等方向全线走强,游 戏与传媒、部分新能源权重股以及有色金属涨 幅居前。贵金属、港口航运、油气开采及纺织服 饰、农林牧渔、家用电器、银行、酿酒(白酒)、 房地产等板块表现疲软。 资金情绪 两市成交额 2.3 万亿元 ▲ +1.9% A股市场成交额延续活跃态势,表明市场的整 体活跃度和参与热情较高。分市场看,深市成 交额显著放大,沪市小幅缩量,呈"深强沪弱" 特征,主要归因于领涨的AI产业链、固态电池、 人形机器人等科技成长板块多集中于深市,相 对低迷的传统板块在沪市权重较高。 主力资金净流出 机构调仓换股. 资金看好政策驱动和景气度高的科技及高端制造方向. 电源设备、计算机设备、小金属和 通信设备、充电桩、数字经济等成为吸金主力,对前期涨幅过大的板块进行获利了结。散户积极承接、部 分资金流入调整中个股,部分跟随主力布局科技成长板块。 散户情绪 75.85% 52.86% 3875家下跌 上 证 ...

Core Insights - The small metals sector experienced a rise of 1.03% on September 25, with Zhongkuang Resources leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Small Metals Sector Performance - Zhongkuang Resources (002738) closed at 43.49, up 4.32%, with a trading volume of 401,800 shares and a transaction value of 1.754 billion [1] - Xianglu Tungsten Industry (002842) closed at 10.60, up 3.72%, with a trading volume of 280,100 shares [1] - Western Materials (002149) closed at 17.64, up 3.40%, with a trading volume of 218,100 shares and a transaction value of 381 million [1] - Xiamen Tungsten Industry (600549) closed at 28.78, up 2.68%, with a trading volume of 1,570,900 shares and a transaction value of 1.628 billion [1] - Northern Rare Earth (600111) closed at 47.28, up 1.59%, with a trading volume of 1,483,800 shares and a transaction value of 7.025 billion [1] Capital Flow Analysis - The small metals sector saw a net inflow of 478 million from institutional investors, while retail investors experienced a net outflow of 823 million [2][3] - Northern Rare Earth (600111) had a net inflow of 27.7 million from institutional investors, but a net outflow of 360 million from retail investors [3] - Xiamen Tungsten Industry (600549) recorded a net inflow of 126 million from institutional investors, with a significant net outflow of 198 million from retail investors [3]