摘要 2025年11月18日第一财经研究院中国高频经济活动指数（YHEI）为1.25，较11月11日下降了0.03。具体来看，截 至11月18日的一周内，工业相关指标"沿海煤炭运价指数"和"进口干散货运价指数"回落，分别下降了0.21和0.03， 是本周YHEI下降的重要原因。本周，服务业相关指标"8城市地铁流量指数"则上升了0.05至1.25。 国家统计局公布10月经济数据。消费方面，10月，社会消费品零售总额为46291.3亿元，同比增长2.9%，增速低 于上月0.1个百分点。其中，商品零售同比增速低于上月0.5个百分点至2.8%，增速连续五个月走低；餐饮收入同 比增速则回升了2.9个百分点至3.8%，为6月以来的最高水平。汽车方面，10月汽车销量同比增长8.82%，增速低 于上月6.04个百分点。 外贸方面，以美元计，10月，进出口金额为5206.32亿美元，同比下降0.3%，今年3月以来首次处于负增长区间。 其中，进口金额同比增速由9月的7.4%降至1.0%；出口金额同比增速由上月的8.3%降至-1.1%。10月，贸易差额同 比也有所下降，降幅为5.9%。 第一财经研究院中国高频经济活动指数（YHEI ...

每经AI快讯，11月20日，海南矿业（601969）(601969.SH)公告称，股东海南海钢集团有限公司因自身 资金需求，计划于2025年12月12日至2026年3月11日期间，通过集中竞价交易方式减持公司股份不超过 1,500万股，占公司总股本的不超过0.75%。减持股份来源于首次公开发行前取得的股份。 ...

以下为根据中国海关总署官网数据整理的2025年10月铝土矿进口分项数据一览表： | 原产地 | 2025年10月(吨) | 环比 | 同比 | | --- | --- | --- | --- | | 几内亚 | 8.997.801.96 | -14.24% | 19.16% | | 澳大利亚 | 3,824,284.89 | 2.34% | 3.51% | | 圭亚那 | 251,968.22 | 77.24% | -- | | 老挝 | 160,525.14 | -13.15% | 8.71% | | 加纳 | 126,202.15 | 175.65% | 1.68% | | 三来西亚 | 124,131.64 | -44.89% | -26.62% | | 科特迪瓦 | 104,321.24 | -26.63% | 3.32% | | 塞拉利品 | 99,022.28 | -70.63% | | | 十目真 | 56,881.42 | -85.58% | -78.93% | | 巴基斯坦 | 20,918.06 | -17.58% | 2511071.67% | | 坦桑尼亚 | 0.89 | 57.55 ...

Core Viewpoint - Jin Yan High-Tech is seeking to list on the Hong Kong Stock Exchange after previously attempting to list on the Beijing Stock Exchange, indicating a strategic shift in its capital market approach [1][4]. Company Overview - Jin Yan High-Tech is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% in 2024 [2]. - The company primarily relies on coal series kaolin mineral resources for its products, which include precision casting mullite materials and refractory mullite materials [2]. Financial Performance - The production volumes for precision casting mullite materials were 117,900 tons in 2022, 114,500 tons in 2023, 105,600 tons in 2024, and 84,800 tons in the first five months of 2025. For refractory mullite materials, the production volumes were 5,200 tons, 19,800 tons, 25,700 tons, and 10,600 tons respectively [2]. - The company's revenue figures were CNY 190 million in 2022, CNY 205 million in 2023, CNY 267 million in 2024, and CNY 105 million in the first five months of 2025. Net profits were CNY 24 million, CNY 44 million, CNY 53 million, and CNY 18 million respectively [2]. Fundraising Purpose - The funds raised from the IPO will be allocated to deep processing projects for mullite-based aluminum-silicon materials, establishing a new materials engineering technology research center, repaying bank loans, and general corporate purposes [3]. Market Strategy - Jin Yan High-Tech has a dedicated sales and marketing team of 10 people, focusing on promoting and selling mullite materials. The company has established a stable customer base, with 40 clients maintaining business relationships for over five years [4]. - Revenue from the top five customers accounted for 18.6%, 23.7%, 23.8%, and 24.5% of total revenue in 2022, 2023, 2024, and the first five months of 2025, respectively [4]. Supplier Relationships - The company sources materials from various suppliers, including packaging, utility services, and logistics. The procurement amounts from the top five suppliers were CNY 73 million, CNY 69 million, CNY 90 million, and CNY 44 million for the respective years, representing 74.6%, 68%, 66.9%, and 73% of total procurement [5].

Economic Overview - The province's economy showed overall stability in the first ten months of the year, with industrial growth, declining fixed asset investment, expanding market sales, and rapid export growth [1] Industrial Performance - The added value of industrial enterprises above a designated size increased by 1.5% year-on-year, with high-tech manufacturing growing by 3.9% [1] - By sector, mining increased by 7.8%, manufacturing by 0.7%, and electricity, heat, gas, and water production and supply by 0.1% [2] - State-owned enterprises saw a 2.2% increase in added value, while foreign and Hong Kong, Macao, and Taiwan-invested enterprises experienced a decline of 5.9% [2] - Among 40 industrial categories, 23 reported year-on-year growth, resulting in a growth rate of 57.5% [2] - Notable growth sectors included chemical fiber manufacturing (growth of 7.7 times), transportation equipment manufacturing (growth of 47.1%), and gas production and supply (growth of 21.6%) [2] Investment Trends - Fixed asset investment decreased overall, but manufacturing investment rose by 6.2%, with high-tech manufacturing investment increasing by 10.8% [2] - Investment in the primary industry grew by 5.1% year-on-year [2] Market Sales - The total retail sales of consumer goods reached 877.98 billion yuan, reflecting a year-on-year growth of 3.5% [3] - Sales of essential goods remained stable, with food and oil retail sales increasing by 13.4% and daily necessities by 11.8% [3] - Upgraded consumer goods saw significant sales growth, including wearable smart devices (growth of 15.5 times) and energy-efficient home appliances (growth of 1.3 times) [3] Trade Performance - The province's total import and export value reached 338.37 billion yuan, marking a 9.6% increase [3] - Agricultural product exports totaled 27.67 billion yuan, with a year-on-year growth of 9.9% [3] - Machinery and electrical products exports were 170.59 billion yuan, growing by 8.5%, with notable increases in ship and automotive parts exports [3] Price Trends - Consumer prices remained stable overall, while industrial producer prices experienced a decline [4]

万国黄金集团有限公司（原名：万国国际矿业集团有限公司）是一家主要从事采矿、矿石选矿及销售精 矿产品及黄金产品业务的投资控股公司。该公司通过两个分部运营其业务。宜丰项目分部从事金属精矿 的加工及销售。所罗门项目分部从事金精矿及金锭的加工及销售。该公司的产品包括铜精矿、铁精矿、 锌精矿、硫精矿、铅精矿、金锭、金精矿以及金与银的副产品等。该公司在国内和国外市场开展业务。 | 交易日 | 持股总数(股) | 持股变动(股) | 变动幅度 | | --- | --- | --- | --- | | 2025-11-19 | 1.22亿 | -115.32万 | -0.94% | | 2025-11-18 | 1.23亿 | -7.40万 | -0.06% | | 2025-11-17 | 1.23亿 | 16.40万 | 0.13% | | 2025-11-14 | 1.23亿 | -8.00万 | -0.06% | | 2025-11-13 | 1.23亿 | 148.40万 | 1.22% | 证券之星消息，11月19日南向资金减持115.32万股万国黄金集团（03939.HK）。近5个交易日中，获南 向资金增持的 ...

Economic Performance - In October, the industrial production growth rate decreased to 4.9%, down from 6.5% in September[11] - Fixed asset investment from January to October fell by 1.7%, with private investment down by 4.5%[11][18] - Real estate investment saw a significant decline of 14.7% year-on-year, worsening by 0.8 percentage points[19] Investment Trends - Manufacturing investment grew by 2.7%, but the growth rate decreased by 1.3 percentage points[18][26] - Infrastructure investment turned negative with a year-on-year decline of 0.1%[18][26] - Excluding real estate, project investment increased by 1.7% year-on-year[18][26] Consumer Behavior - The total retail sales of consumer goods in October reached 46,291 billion yuan, growing by 2.9% year-on-year, a slight decrease from the previous month[11][21] - Retail sales excluding automobiles grew by 4.0%, indicating a rebound in other consumer sectors[21][25] - Jewelry consumption saw significant growth, while automobile sales turned negative[21][25] Economic Outlook - The GDP growth for the first three quarters was 5.2%, indicating a foundation for achieving annual targets[5][29] - New policy measures, including 500 billion yuan in financial tools, aim to stabilize fixed investment and stimulate consumption[5][29] - Continued focus on releasing domestic demand potential is essential for the fourth quarter[5][29] Risk Factors - Potential risks include worsening geopolitical events, changes in international financial conditions, and unexpected shifts in US-China policies[6][30]

•特本克蒙省专达茂地区：新的矿产资源投资协议，为一个具有经济价值的露天矿项目。预计在7年的开采可提取总计约26吨黄金，将为国家带来特许权使 用费和各种税收总计约5.83亿美元的收入，并创造约500个就业岗位。 据悉，复兴矿业自2021年奥克沃金矿生产业务启动至今，已累计生产纯金约16吨，向国家缴纳特许权使用费总计2730万美元，税收收入9910万美元，并提 供了697个就业岗位。 此外，该公司还积极参与社会活动，包括赞助当地社区发展基金、挖掘水井、捐赠学习用品，以及参与植树造林等矿区修复工作。（ 据柬媒消息，2025年11月17日，柬埔寨矿产能源部部长高洛达那与澳大利亚的复兴矿业（Renaissance Minerals）签署了另外两项矿产资源投资协议。这两 个项目位于蒙多基里省和特本克蒙省，预计在整个开采周期内将为国家带来总计约15.83亿美元的收入。 此次协议旨在落实以洪玛奈首相为首的政府通过出台各种激励措施和良好的施政管理来吸引外国投资者的政策。新增项目包括： •蒙多基里省奥克沃地区：对第一份协议进行补充修订，增加地下采矿项目。预计在原有约34吨金矿储量的基础上，可额外产出约10吨黄金。该项目预计 将为 ...

消费市场增长加快。限额以上企业（单位）消费品零售额同比增长8.2%。其中，商品零售额同比 增长8.8%，餐饮收入同比增长1.6%。消费品以旧换新效应明显，家用电器和音像器材类商品销售额同 比增长42.2%，其中能效等级为1级和2级的商品销售额同比增长73.2%；智能手机销售额同比增长 67.4%；汽车类商品销售额同比增长6.4%，其中新能源汽车销售额同比增长33.7%。网上零售高速增 长，限上单位通过公共网络实现的零售额同比增长25.3%，增速高于限上单位消费品零售额17.1个百分 点，占限上单位消费品零售额的23%。 工业生产较快增长。规模以上工业增加值同比增长8.1%。从三大门类看，采矿业增加值同比增长 9.9%，制造业增加值同比增长6.4%，电力、热力、燃气及水的生产供应业增加值同比增长4.2%。从主 要行业看，煤炭开采和洗选业增加值同比增长11.4%，石油和天然气开采业增加值同比增长4%；装备制 造业增加值同比增长9.9%，其中，电气机械和器材制造业增加值同比增长34.1%，汽车制造业增加值同 比增长23.8%。从产品产量看，汽车产量同比增长5.9%，太阳能电池产量同比增长9.4%，发动机产量同 比增 ...

Group 1 - The presentation highlights Buenaventura's progress in implementing its strategy and the strong financial foundations that support its long-term vision [1] - The company is focused on unlocking the full potential of its flagship projects and advancing its exploration and project pipeline [1] - The presentation will be led by key executives including the CEO, CFO, and Vice President of Operations, with the Chairman also available for questions [3] Group 2 - The session includes a Q&A segment after the presentation, allowing both in-person and webcast participants to submit questions [2][3] - Forward-looking statements will be made based on management's current views and assumptions, with a caution against placing undue reliance on these statements [2]