公告称，公司营收利润双增长，主要由于报告期内，湿法冶炼产品氢氧化镍钴及火法冶炼产品镍铁产量 较去年同期大幅增长，主要系ONC项目满产运营，KPS项目投产后产量释放。此外，于报告期内公司优 化产品结构，精细化成本控制管理，进行技术改进优化生产流程，进一步提升盈利能力。 智通财经APP讯，力勤资源(02245)公布2025年中期业绩，收入约181.466亿元，同比增长66.8%;母公司 拥有人应占利润为约14.26亿元，同比增加143.0%。每股盈利0.92元。 ...

四川成渝（601107）高速公路(00107)公布，2025年8月28日，公司间接全资附属公司成渝物流与宏达股 份（600331）订立了浮选磷精矿运输合同，据此，成渝物流向宏达股份提供浮选磷精矿运输服务，总服 务费用上限预计为人民币6,120万元。此前，宏达股份就徵集运输服务供应商进行了公开招标，而成渝 物流最终中标。 ...

晨会纪要 证券研究报告 2025 年 08 月 28 日 核心结论 分析师 【汽车】新能源车出海行业深度报告：中企在欧碳积分收入或好于预期，关 注欧洲经济型新能源车产业链 中国车企在欧洲的单车碳积分收入或好于预期；经济型车是欧洲新能源车渗 透率提升关键，建议关注相关产业链；持续看好中国车企新能源车出海欧洲。 【医药生物】和誉-B（2256.HK）首次覆盖：匹米替尼开启全球商业化进程， 后续临床管线储备丰富 盈利预测：预计 2025-2027 年公司营收分别为 612.1/678.8/627.2 百万元， 同比增长 21.5%/10.9%/-7.6%，当前股价对应 PS 分别 17/15/17。考虑到公 司 2026 年即将有产品商业化，且重磅产品目前处在注册临床阶段，后续临 床数据、BD 预期等催化较多。首次覆盖，给予"买入"评级。 【医药生物】博腾股份（300363.SZ）2025 年中报点评：营收利润同比增 长，盈利能力提升 盈利预测与评级：我们预计公司2025-2027年收入分别为34.29/39.80/47.32 亿元，同比增长 13.8%/16.1%/18.9%；归母净利润分别为 0.83/2.47 ...

中国发展网讯记者于水报道日前，记者走进达拉特经济开发区陶尔斯陶瓷公司，只见新翻修的水泥路、 刚粉刷的护栏、来回穿梭的车辆，无不显示着这棵枯萎了十余年的"老枝"开始焕发出了"新芽"。 厂房门口一块崭新的"鄂尔多斯市国丰能源科技有限公司"的牌子格外引人注目。厂房里机器轰鸣，冷 弯、切割、冲孔、码垛等工序一气呵成，一卷卷镀锌钢板就变成了可以进行模块化组装的光伏支架。国 丰能源科技公司是中国民营企业500强江苏国强控股集团有限公司在达拉特旗成立的全资子公司。"得益 于达拉特旗规模庞大的光伏支架应用市场，我们8月份进入试生产以来，已经完成订单8000吨。集团总 部对我们的项目非常重视，正在考虑继续投资建设厂区，扩大生产规模。"国丰能源科技公司总经理徐 昌彬说。 如果把陶尔斯公司形容为"枯枝焕新芽"，那么鑫旺再生资源公司就可以称之为"梅开二度"。2023年3月 内蒙古鑫旺再生资源有限公司生产经营一度陷入困境，2700余亩厂区被闲置，700余名员工被分流安 置。2024年2月，达拉特旗人民政府和开发区管委会通过引进河北文丰集团，重新启动原鑫旺100万吨氧 化铝项目，在企业和政府合力克服了资金、技术、人才等障碍后，6月中旬， ...

抗日战争时期，宁城县曾是承平宁抗日根据地中心区，是晋察冀抗日根据地深入"伪满洲国"西南边境的 前沿。在这里，历史的厚重与新时代的风采交织，奏响了宁城县乡村振兴的奋进曲。 "自从村里大力发展设施农业后，我跟着建大棚、学技术，种植反季节蔬菜，一年增收好几万元。"种植 户老邓谈起经济收入，喜悦之情溢于言表。让老邓舒心的还有日益便利的金融服务，"以前办贷款要跑 县里，手续多还不一定办下来。现在政府帮忙联系银行，在家门口就能办，利息还低，方便又实 惠。"设施农业一头连着市民的"菜篮子"，一头连着农民的"钱袋子"。近年来，中国人民银行赤峰市分 行紧跟国家战略导向，深耕金融支持特色农业产业发展，引导宁城县域金融机构持续优化金融服务，加 大信贷支持力度。截至目前，内蒙古农商银行宁城支行累计发放蔬菜、水果产业贷款5.13亿元，支持设 施农业建设13.8万亩，实现减费让利202万元，为助推赤峰市建设"国家现代设施农业强市"提供了有力 支撑。如今，宁城县设施农业总面积已达53万亩，年产蔬菜163万吨，建成万亩日光温室园区8处、千亩 园区64处，形成以黄瓜、辣椒、番茄为主，大樱桃、草莓为补充的产业格局，蔬菜产业成为农民致富 的"绿色 ...

王文虎(F03087656,Z0019472),联系电话:010-82293558 沪铜日评20250828: 国内铜冶炼厂9月检修产能或环增,国内电解铜社会库存量环比减少 | | 变量名称 | 2025-08-27 | 2025-08-26 | 2025-08-19 | 较昨日变动 | 近期走势 | | --- | --- | --- | --- | --- | --- | --- | | 沪铜期货活跃合约 | 收盘价 | 79190 | 79190 | 78890 | 0.00 | | | | 成交量(手) | 57818 | 688825 | 39153 | -11,007.00 / | | | | 持仓量(手) | 174997 | 175488 | 140367 | -491.00 | | | | 库存(吨) | 21287 | 22917 | 25498 | -1.630.00 | | | | SMM 1#电解铜平均价 沪铜县差 | 79545 355 | 79582 395 | 79100 210 | -40.00 -40.00 | | | 沪铜基差或现货开贴水 (现货与期货) | 厂外电解铜现 ...

据证券之星公开数据整理，近期湖南白银（002716）发布2025年中报。根据财报显示，湖南白银营收净 利润同比双双增长。截至本报告期末，公司营业总收入45.29亿元，同比上升35.59%，归母净利润 6219.69万元，同比上升7.01%。按单季度数据看，第二季度营业总收入26.38亿元，同比上升50.63%， 第二季度归母净利润3421.37万元，同比下降35.95%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率6.04%，同比增25.62%，净利率1.37%，同比减 21.08%，销售费用、管理费用、财务费用总计1.32亿元，三费占营收比2.91%，同比减13.65%，每股净 资产1.19元，同比增5.57%，每股经营性现金流-0.05元，同比减260.96%，每股收益0.02元，同比减 1.79% 财报体检工具显示： 建议关注公司现金流状况（货币资金/流动负债仅为59.04%） 最近有知名机构关注了公司以下问题： 问：尊敬的总经理您好，请今年以来能源价格（尤其是煤炭）大幅下降，是否会对公司效益等方面产生 积极影响？ 答：尊敬的投资者，您好！感谢您对公司的关心与关注，公司属于有色金属冶炼行业，能源消 ...

[Table_IndNameRptType]2 固定收益 点评报告 "反内卷"的利润成绩单 ——7 月中国工业企业利润数据点评 20250827 | | | [Table_Author] 首席分析师：颜子琦 执业证书号：S0010522030002 电话：13127532070 邮箱：yanzq@hazq.com [Table_Author] 固收分析师：洪子彦 ⚫ 深度视角：7 月利润数据有何亮点？ 政策受益行业来看，第三批 690 亿元补贴资金已下达，受益于政策对相关行 业需求侧的拉动，电气机械器材、电子设备等中游装备制造业利润出现上涨。 其中，消费品以旧换新政策带动计算机整机制造、智能无人飞行器制造、家用 清洁卫生电器具制造等行业利润大幅增长，产业链条相关的计算机外围设备 制造、敏感元件及传感器制造等行业利润分别增长 57.0%、51.9%。 7 月专项 债发行使用继续加快，"两重"领域项目及雅江项目继续拉动基建相关需求， 叠加反内卷"政策推动行业规范发展，有色金属矿采、有色金属冶炼行业利润 继续改善。政策向人工智能等新兴领域的发展倾斜，引导资本开支从传统行业 敬请参阅末页重要声明及评级说明 证券研究报 ...

2025-08-26，碳酸锂主力合约2511开于79260元/吨，收于79020元/吨，当日收盘价较昨日结算价变化-0.75%。当日 成交量为559599手，持仓量为349496手，前一交易日持仓量368667手，根据SMM现货报价，目前基差为2080元/ 吨（电碳均价-期货）。当日碳酸锂仓单26690手，较上个交易日变化1060手。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价79400-84000元/吨，较前一交易日变化-800元/吨，工业级碳酸锂 报价78800-80000元/吨，较前一交易日变化-800元/吨。6%锂精矿价格920美元/吨，较前一日变化0美元/吨。据SMM 数据，碳酸锂现货价格持续下跌，下游采购及点价行为较昨日略有增多。但部分厂商因此前有大量采购行为，本 周采购量级较上周相比有所收窄。下游整体采购心态转向谨慎，普遍观望等待价格进一步下调。当前处于"金九银 十"传统旺季周期，下游需求仍存在一定刚性支撑。 新能源及有色金属日报 | 2025-08-27 采买意愿仍较强，短期下方仍有支撑 市场分析 根据最新统计周度数据，周度产量降低842吨至19138吨，以锂辉石生产产量增加，以云母生产产量 ...

Report Industry Investment Rating No relevant content provided. Core Views of the Report - The A-share market shows a rotation pattern with mild adjustments, and investors are recommended to take protective and income - earning measures in stock index futures [2][3][4]. - The bond market sentiment continues to warm up, and there are opportunities for short - term light - position buying in Treasury bond futures [5][6]. - Gold prices are strong due to the weakening of the US dollar, and silver prices are affected by industrial products [7][9][10]. - The shipping index shows a downward trend, and the container shipping futures are expected to be weakly volatile [12][13]. - The prices of non - ferrous metals show different trends based on their respective fundamentals, with some being in a state of shock and some having clear directional expectations [14][17][19][22][24][28][31][33][36][40]. - The steel market may have a high - level shock pattern, and there are opportunities for long - position attempts; the iron ore market may rebound, and the coking coal and coke markets can be considered for long - position operations [41][43][44][46][47][50][51][52]. - The price trends of agricultural products vary. The long - term outlook for meal products is positive, the price of live pigs is weakly volatile, the corn price is weakly oscillating, and the sugar price is in a state of high - level or bottom - grinding oscillation [53][56][57][58][59][60][61]. Summary by Directory Financial Derivatives Financial Futures - **Stock Index Futures**: On Tuesday, the A - share market showed a differentiated performance. The main stock index futures contracts also showed differentiation. The policy of "Artificial Intelligence +" was introduced, and there were international trade and tariff news. It is recommended to buy out - of - the - money put options in September to protect long positions and sell out - of - the - money put options in December to obtain time - value income [2][3][4]. - **Treasury Bond Futures**: Treasury bond futures closed up across the board. The central bank's open - market operations led to a net withdrawal of funds, but the inter - bank market funds were abundant. It is recommended to buy Treasury bond futures on dips in the short term [5][6]. Precious Metals - Gold prices strengthened due to the weakening of the US dollar caused by the US tariff threat and the challenge to the "independence" of the Federal Reserve. Silver prices were affected by industrial products. It is recommended to use a bull - spread strategy for gold and hold long positions in silver above $38 [7][9][10]. Container Shipping on European Routes - The spot quotations of shipping companies are slowly falling, and the shipping index is declining. The global container shipping capacity is increasing, and the demand data shows certain characteristics. The futures are expected to be weakly volatile, and it is recommended to hold short positions in the October contract [12][13]. Commodity Futures Non - Ferrous Metals - **Copper**: The spot price increased slightly. The Fed's dovish stance improved the interest - rate cut expectation. The supply and demand showed a "weak reality + stable expectation" state. It is recommended to pay attention to the range of 78,500 - 80,500 [14][15][17]. - **Alumina**: The spot price showed a north - south differentiation. The supply was in excess, and the futures price dropped significantly. It is recommended to pay attention to the range of 3,000 - 3,300 and consider short - position layout in the medium term [17][18][19]. - **Aluminum**: The spot price was stable. The macro - environment improved, and the demand in the peak season was expected to be verified. It is recommended to pay attention to the range of 20,400 - 21,000 [19][20][22]. - **Aluminum Alloy**: The spot price was stable. The supply of scrap aluminum was tight, and the demand showed marginal improvement. It is recommended to pay attention to the range of 20,000 - 20,600 [22][23][24]. - **Zinc**: The spot price decreased slightly. The supply was loose, and the demand was in the off - season. It is recommended to pay attention to the range of 22,000 - 23,000 [25][26][28]. - **Tin**: The spot price increased slightly. The supply was affected by the situation in Myanmar, and the demand was weak. It is recommended to wait and see [28][29][31]. - **Nickel**: The spot price increased slightly. The supply was at a high level, and the demand was stable. It is recommended to pay attention to the range of 118,000 - 126,000 [31][32][33]. - **Stainless Steel**: The spot price was stable. The cost was supported, and the demand was weak. It is recommended to pay attention to the range of 12,600 - 13,400 [34][35][36]. - **Lithium Carbonate**: The spot price decreased. The market sentiment was weak, and the supply and demand were in a tight - balance state. It is recommended to wait and see [37][38][40]. Black Metals - **Steel**: The spot price decreased. The cost was less supportive, and the profit decreased. The supply increased, and the demand decreased in August. It is recommended to try long - position operations [41][42][43]. - **Iron Ore**: The spot price decreased. The global shipment decreased, and the port inventory decreased slightly. It is recommended to buy on dips and conduct 1 - 5 positive spreads [44][45][46]. - **Coking Coal**: The futures price was weakly volatile. The supply increased, and the demand decreased in the short term. It is recommended to buy the 2601 contract on dips and conduct long - coking - coal and short - coke spreads [47][48][50]. - **Coke**: The futures price was weakly volatile. The seventh - round price increase was implemented, and the eighth - round was proposed. The supply was expected to increase, and the demand was in a high - level fluctuation. It is recommended to buy the 2601 contract on dips and conduct long - coking - coal and short - coke spreads [51][52]. Agricultural Products - **Meal Products**: The spot price of soybean meal decreased, and the trading volume changed. The US soybean data showed certain trends, and there were international trade news. The long - term outlook is positive [53][54][56]. - **Live Pigs**: The spot price was weakly volatile. The breeding profit decreased, and the average weight increased. It is recommended to wait and see or consider long - position layout in the far - month 01 contract below 14,000 [57][58]. - **Corn**: The spot price was weakly volatile. The supply increased, and the demand was weak. The short - term is weakly oscillating, and the medium - term supply pressure is significant [59][60]. - **Sugar**: The international sugar price is expected to be in the range of 15 - 17 cents per pound, and the domestic sugar price is expected to be weakly oscillating [61].