Core Points - The Chinese Academy of Sciences and the Chinese Academy of Engineering announced the results of the 2025 academician elections, electing 73 academicians from the former and 71 from the latter [1] - Notable new academicians include Huang Xianbo from Jinfa Technology, Lian Yubo from BYD, Wang Xiaoyun from China Mobile, Su Xuebin from China Uranium Industry, and Wu Kai from CATL [1][2] Group 1: Academicians and Their Contributions - Huang Xianbo, Chief Scientist at Jinfa Technology, has made significant contributions in the field of polymer materials, particularly in environmentally friendly flame-retardant thermoplastic resins and biodegradable plastics [1] - Lian Yubo, Chief Scientist at BYD, has been recognized for his work in the design and development of key systems for new energy vehicles, and he was awarded the "National Excellent Engineer" title in 2024 [2] - Wang Xiaoyun, Chief Engineer at China Mobile, has a background in wireless communication and holds a senior engineering position [2] - Su Xuebin, Chief Engineer at China Uranium Industry, has led research that increased the economically extractable uranium resources in China by three times and enhanced natural uranium production capacity by 2.5 times [3] - Wu Kai, former Chief Scientist at CATL, has focused on lithium battery technology and will continue to lead research in electrochemical energy storage [3] Group 2: Company Developments - Jinfa Technology is recognized for its advancements in polymer materials and has a strong focus on environmental sustainability [1] - BYD continues to innovate in the new energy vehicle sector, with Lian Yubo's leadership in technology development [2] - China Uranium Industry specializes in the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, with a focus on mining and trading [3]

为什么在当下这个时间节点，美国开始选择投资非洲？这肯定不是一个巧合，而导致美国改变投资策略的，仍然还是稀土。 非洲蕴藏着丰富的关键矿产和金属，对于制造现代科技产品至关重要。从新能源汽车再到人工智能数据中心，从智能手机到军事武器，这些材料缺一不可。 而过去，我国一直都是全球关键矿产和金属市场的最大投资者。我国不仅国内拥有丰富的储量，在非洲的大规模投资，也能够保证我们获得来自海外的供 应。 除此之外，我国在全球供应链的加工环节也建立了主导地位。这些措施在美国加征关税的背景下，都变得更不确定性，这也促使美国开始加大在非洲的投 资。 美国重新投资非洲，背后又是谁在主导呢？ 答案显而易见。美国投资非洲背后，由美国国际发展金融公司主导。该公司非常年轻，成立于2019年，正值特朗普第一任期，这家公司也似乎没有掩饰，其 目的就是为了投资稀土。 这家公司的网站更是直接表示，其成立目的是为了遏制我国在战略地区的影响力。 这是自2012年以来，美国首次在投资非洲金额上，超越我国。 根据约翰霍普金斯大学获取的数据显示，2023年美国在非洲的投资额为78亿美元，而我国同年在非洲的投资额为40亿美元。 这是2012年以来，美国首次在非洲 ...

Group 1 - China Nonferrous Mining (01258) experienced a decline of over 6%, currently down 5.82% at HKD 13.26, with a trading volume of HKD 75.883 million [1] - The company announced that its subsidiary, China Nonferrous Africa Mining, has completed all repairs on the auxiliary shaft of the Qianbixi Southeast ore body since the remediation began in September, with main shaft repairs currently underway [1] - The total repair work is expected to be completed by mid-December this year, during which the Qianbixi Southeast ore body will temporarily cease production [1] Group 2 - As a result of the repair work, the company has adjusted its 2025 annual production plan, reducing copper output from 160,000 tons to 140,000 tons [1] - Recent data from the U.S. labor market showed mixed signals, with new jobs added at 119,000, significantly exceeding expectations, but the unemployment rate rose to a four-year high of 4.4%, with previous months' employment figures being significantly revised down [1] - This labor report is the last one before the Federal Reserve's December meeting, potentially complicating decision-making for the upcoming policy meeting [1]

中国铀业今日开启申购，公司此次发行总数为24818.18万股，其中网上发行5211.80万股，申购代码 001280，申购价格17.89元 ，发行市盈率为27.06倍，单一账户申购上限为5.20万股，申购数量为500股的 整数倍。 主要财务指标 | 财务指标/时间 | 2024年 | 2023年 | 2022年 | | --- | --- | --- | --- | | 总资产（亿元） | 206.83 | 191.53 | 191.54 | | 净资产（亿元） | 106.70 | 91.88 | 87.61 | | 营业收入（亿元） | 172.79 | 148.01 | 105.35 | | 净利润（亿元） | 14.58 | 12.62 | 13.34 | | 资本公积（亿元） | 59.4784 | 59.1180 | 61.0871 | | 未分配利润（亿元） | 29.7921 | 15.8575 | 8.8692 | | 基本每股收益（元） | 0.80 | 0.69 | | | 0.28 每股经营现金流（元） | | --- | | 0.49 | | 0.89 | 净资产收益率（加权）（%） ...

Core Viewpoint - Hainan Mining's stock rose by 5.08% on November 20, with a trading volume of 1.342 billion yuan, indicating strong market interest and activity in the company's shares [1]. Financing Summary - On November 20, Hainan Mining had a financing buy-in amount of 146 million yuan and a financing repayment of 142 million yuan, resulting in a net financing buy of 3.9757 million yuan. The total financing and securities balance reached 431 million yuan [1]. - The current financing balance of 428 million yuan accounts for 1.63% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1]. - In terms of securities lending, Hainan Mining repaid 1,600 shares and sold 7,000 shares on November 20, with a selling amount of 92,600 yuan. The remaining securities lending volume is 243,200 shares, with a balance of 3.2173 million yuan, also above the 90th percentile level over the past year [1]. Business Performance - As of September 30, Hainan Mining reported a total of 50,600 shareholders, an increase of 8.38% from the previous period. The average circulating shares per person decreased by 7.74% to 39,072 shares [2]. - For the period from January to September 2025, Hainan Mining achieved an operating income of 3.36 billion yuan, representing a year-on-year growth of 5.93%. However, the net profit attributable to shareholders decreased by 42.84% to 312 million yuan [2]. Dividend and Shareholding Structure - Since its A-share listing, Hainan Mining has distributed a total of 999.3 million yuan in dividends, with 657 million yuan distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the fourth largest shareholder with 12.7031 million shares, an increase of 2.1073 million shares from the previous period. The Guotai CSI Steel ETF is a new entrant as the fifth largest shareholder with 6.0624 million shares [3].

Market Overview - On November 20, 2025, the A-share market saw all three major indices decline, with the Shanghai Composite Index closing at 3931.05 points, down 0.40%, and the Shenzhen Component Index at 12980.82 points, down 0.76% [1] - The Hong Kong stock market also experienced a downturn, with the Hang Seng Index falling 0.57% to 23157.97 points, and the Hang Seng Technology Index down 0.7% to 5134.11 points [1] - In contrast, the US stock market showed mixed results, with the S&P 500 rising 1.59% to 5954.5 points and the Nasdaq Composite Index increasing 1.63% to 18847.28 points [1] New Stock Offerings - On November 20, 2025, there was one new stock available for subscription: China Uranium Industry, with a subscription price of 17.89 yuan per share and a price-to-earnings ratio of 27.06 [1] - The company focuses on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, primarily engaged in the mining, sales, and trade of natural uranium resources [1] Industry News - OpenAI announced a partnership with Foxconn on November 21, 2025, to advance the design of next-generation artificial intelligence infrastructure hardware and prepare for domestic manufacturing in the US [2] - The collaboration will involve OpenAI sharing insights on emerging hardware needs in the AI industry to assist Foxconn in hardware design and development [2] - The China Chemical and Physical Power Industry Association plans to issue a notice to regulate pricing in the lithium iron phosphate industry, which has faced continuous losses and chaotic competition [2] - The notice will suggest that companies use the average cost range disclosed by the association as a reference for pricing, aiming to prevent below-cost dumping [2] - The association will also require companies to report operational data monthly, including capacity, output, and inventory, to aid in resource allocation [2]

Group 1: China Uranium Industry - China Uranium Industry (001280.SZ) focuses on the comprehensive utilization of natural uranium and radioactive co-mineral resources, including mining, sales, and trade of natural uranium [2] - The company is a key player in China's natural uranium supply, benefiting from the accelerated development of nuclear power in the country, and is a significant global producer and supplier of natural uranium [4][5] - The company holds six exploration rights and 19 mining rights for natural uranium or uranium-molybdenum mines, located in regions with rich uranium resources [5] - From 2022 to 2024, the company is projected to achieve revenues of CNY 105.35 billion, CNY 148.01 billion, and CNY 172.79 billion, with net profits of CNY 13.34 billion, CNY 12.62 billion, and CNY 14.58 billion respectively [6] - The international uranium market has seen a continuous price increase from 2022 to 2024, which has positively impacted the company's performance [7] Group 2: Dapeng Industrial - Dapeng Industrial (920091.BJ) is a leading manufacturer of specialized intelligent equipment for industrial precision cleaning, primarily serving the automotive and new energy sectors [8][10] - The company plans to invest CNY 0.95 billion in the production and R&D base for intelligent industrial cleaning equipment and CNY 0.30 billion in the R&D center for machine vision detection equipment [10] - Dapeng Industrial has established long-term partnerships with major automotive manufacturers, including BYD, Changan, and Geely, ensuring a stable customer base [11] - The company has reported accounts receivable of CNY 89.63 million, CNY 83.68 million, CNY 130.99 million, and CNY 109.95 million from 2022 to mid-2025, indicating a significant proportion of sales revenue tied up in receivables [12]

Group 1 - The company has a total market capitalization of 32 billion [1] - The issuance price is set at 17 [1] - The company has achieved revenue growth over the past three years, with figures of 105.4 billion, 148.0 billion, and 172.8 billion respectively [3] Group 2 - The main business focus is on natural uranium production capacity [3] - The company has a comparable industry peer with a natural axis value of 92.0 [2] - Other business segments contribute 1.44% to the overall revenue [2]

Core Points - The article discusses the upcoming Belo Horizonte Mining and Mining Machinery Exhibition (EXPOSIBRAM) scheduled for September 1, 2026, in Brazil, which is the largest mining machinery exhibition in South America [1][3] - The exhibition aims to promote mining development and equipment updates in Brazil, providing a platform for technical exchange and trade for thousands of member companies [3] Industry Overview - The last EXPOSIBRAM covered a total area of 32,000 square meters, featuring 430 exhibitors from various countries including China, the USA, Germany, Canada, Australia, Italy, Chile, South Africa, the UK, and Argentina, attracting 50,000 attendees [3] - The exhibition serves as a professional platform for the mining industry and technology equipment exchange, facilitating market entry into Brazil [3] Product Range - The exhibition will showcase a wide range of products including geological and exploration equipment, mining machinery, mineral processing equipment, metallurgical equipment, energy and power solutions, engineering and consulting services, and water treatment technologies [6]

Core Viewpoint - China Uranium Corporation (001280.SZ) has initiated its subscription with an issue price of 17.89 CNY per share and a maximum subscription limit of 52,000 shares, reflecting a price-to-earnings ratio of 27.06 times, positioning itself as a key player in the domestic uranium supply chain [1] Company Overview - The company is a national leader in the supply of natural uranium in China and plays a crucial role in the nuclear industry, aiming to build an internationally competitive mining company focused on uranium [2] - It has developed a comprehensive organizational and technical system for natural uranium operations, focusing on sandstone uranium mining and the recovery of radioactive co-associated resources [2][3] - The company is actively involved in overseas uranium resource development, particularly in Africa and Asia, with its Rossing uranium mine in Namibia ranking as the sixth largest uranium mine globally in 2022 [2][4] Business Operations - The company is a leader in the sustainable development of radioactive co-associated mineral resources, with projects approved by various governmental departments [3] - Its business includes the comprehensive utilization and sales of radioactive co-associated resources, primarily producing rare earth chlorides and ammonium molybdate [3] - The company has established a project in Hunan that efficiently recycles strategic resources from monazite, contributing to ecological protection and resource efficiency [3] Financial Performance - The company reported revenues of approximately 10.535 billion CNY, 14.801 billion CNY, and 17.279 billion CNY for the years 2022, 2023, and 2024, respectively, with net profits of about 1.520 billion CNY, 1.511 billion CNY, and 1.712 billion CNY during the same periods [4][5] - The financial data indicates a steady growth trajectory in both revenue and profit margins, reflecting the company's strong market position and operational efficiency [4][5]