近日，江苏亚太轻合金科技股份有限公司（证券代码：002540，证券简称：亚太科技）发布关于开展期 货套期保值业务的公告。公告显示，公司拟开展铝期货套期保值业务，业务期间占用期货保证金余额不 超过人民币5,000万元。 套期保值业务情况 经公司2024年8月16日召开的相关会议审议通过，同意开展保证金合计最高额度不超过5,000万元的期货 套期保值业务。截至2025年6月30日，公司2025年度开展商品期货套期保值业务的投资金额为零。 亚太科技主营汽车热管理系统零部件材料和汽车轻量化系统部件材料的研发、生产和销售，铝锭是其主 要原材料。公司长期按客户订单组织生产，执行"铝锭价格 + 加工费"的产品销售定价原则，铝锭价格参 照结算月上海、长江有色金属现货交易所A00铝锭现货交易高价与低价的月度平均价确定。近年来铝锭 市场价格波动较大，为锁定产品销售价格和成本，降低原材料价格波动对经营的影响，公司决定使用自 有资金开展铝期货套期保值业务。 投资方式上，交易品种仅限于境内外期货交易所挂牌交易的铝期货合约。业务期间为董事会审议通过之 日起一年内，若单笔交易存续期限超过授权期限，授权期限自动顺延至该笔交易终止时止。实施主 ...

证券之星消息，精艺股份2025年中报显示，公司主营收入23.81亿元，同比上升38.8%；归母净利润 1085.91万元，同比下降42.95%；扣非净利润846.89万元，同比下降37.72%；其中2025年第二季度，公 司单季度主营收入13.02亿元，同比上升31.62%；单季度归母净利润313.48万元，同比下降73.42%；单 季度扣非净利润178.02万元，同比下降77.6%；负债率45.48%，投资收益-117.3万元，财务费用1238.53 万元，毛利率2.99%。 财报数据概要请见下图: 178.01 2023 2024 2025 ■ 单季度扣非净利润-第二季度(万) ■ 扣非净利润-中报(万) l 财务数据 销售毛利率 (%) 2.99 同比 -13.62% 诗资产收益率(%) 0.80 同比 -43.66% 每股营业收入(元) 9.50 同比 +38.79% 每股收益(元) 0.04 同比 -50.00% 每股净资产(元) 5.39 同比 +0.86% 每股经营性现金流(元) -0.81 同比 +13.24% l 数据评级 护城河 成长性 部能力 2023 2024 2025 ■ 营业总收入 ...

Core Viewpoint - The stock price of Ningbo Jintian Copper Co., Ltd. has experienced significant fluctuations, with a notable rise followed by a decline, influenced by convertible bond redemption and overall market conditions [2][3][4]. Stock Price Movement - Jintian's stock price saw a continuous increase over six trading days from August 13 to August 20, with five days hitting the daily limit [3]. - On August 21, the stock price dropped to 13.28 CNY per share, a decrease of 9.97%, followed by a further decline to 12.38 CNY per share on August 22, down 6.78% [3]. Convertible Bond Redemption - The stock price fluctuations triggered the redemption clause of the convertible bonds, as the stock price exceeded 130% of the conversion price for 15 out of 30 trading days [4]. - Investors holding the convertible bonds can either convert them at a price of 5.79 CNY per share or opt for a forced redemption at 100 CNY per bond plus accrued interest [4]. Financial Performance - For the first half of 2025, Jintian reported a revenue of 59.294 billion CNY, a slight increase of 2.46% year-on-year, while net profit surged by 203.86% to 373 million CNY [6]. - The company’s revenue has shown growth over the years, reaching 101.19 billion CNY in 2022, but net profit has fluctuated significantly, indicating challenges in maintaining profitability [6][7]. Industry Impact - Jintian's performance is closely tied to the copper market, with inventory losses from falling copper prices impacting profitability [7]. - The company has a low gross margin of 2.86% and a net margin of 0.64% for the first half of 2025, reflecting the competitive nature of the copper processing industry [7]. Strategic Developments - Jintian is focusing on high-end business segments and expanding its overseas market presence, which has contributed to its recent revenue growth [8]. - The company has established itself as a key supplier for major players in the electric vehicle sector, including BYD and Tesla, enhancing its market position [8][9]. Future Outlook - The demand for Jintian's products is expected to grow in the clean energy and AI sectors, with significant market opportunities emerging in liquid cooling solutions for servers [9]. - The stock has shown a remarkable increase of 57.67% in August and 112.95% year-to-date, indicating strong market interest [9].

Market Overview - The A-share market experienced strong fluctuations on August 21, with the Shanghai Composite Index nearing 3,800 points, reaching a 10-year high, and closing up 0.13% at 3,771.1 points [2] - The Shenzhen Component Index slightly decreased by 0.06% to 11,919.76 points, while the ChiNext Index fell by 0.47% to 2,595.47 points [2] - The total trading volume in the Shanghai and Shenzhen markets was 24,608 billion yuan, showing a slight increase compared to the previous day [2] Sector Performance - Over 3,000 stocks in the market were in the red, with the semiconductor sector declining significantly; Dongxin Co. fell over 12%, and other companies like Chipone Technology and Nanchip Technology dropped over 5% [2] - The AI industry chain stocks collectively fell, with companies like Feilong Co., Tenglong Co., and Jintian Co. hitting the daily limit down, while Industrial Fulian dropped over 5% [2][8] - Resource stocks, including oil, electricity, coal, and gas, saw a collective rise, with companies like Quanyou Co. and Anyuan Coal Industry hitting the daily limit up [2] Notable Stocks - Domestic software stocks surged, with Beixin Source hitting the daily limit up with a 20% increase, and ZTE Corporation also seeing a significant rise of over 6% [4][6] - Ji Shi Media experienced a dramatic "地天板" (ground-to-sky) performance, closing at the daily limit after previously hitting the limit down [11][12] AI Industry Insights - The National Development and Reform Commission reported that by the end of 2024, China's software revenue is expected to grow by 80% compared to 2020, with the electronic information manufacturing industry's added value increasing by over 70% [6] - The daily average consumption of tokens in AI applications has surged from 1 trillion to over 30 trillion in just one and a half years, indicating rapid growth in AI application scale [6] AI Sector Decline - AI-related stocks, including Huaguang New Materials and Tongfei Co., saw declines exceeding 10%, with several companies hitting the daily limit down [8][9]

Core Viewpoint - The A-share market experienced strong fluctuations, with the Shanghai Composite Index nearing a 10-year high, while the Hong Kong market showed weakness, particularly in technology stocks [1][2]. Market Performance - The Shanghai Composite Index closed up 0.13% at 3771.1 points, while the Shenzhen Component fell 0.06% to 11919.76 points, and the ChiNext Index dropped 0.47% to 2595.47 points [2]. - The total trading volume in the Shanghai and Shenzhen markets reached 246.08 billion yuan, a slight increase from the previous day [2]. - Over 3000 stocks in the market were in the red, with the semiconductor sector declining significantly, including Dongxin Co., which fell over 12% [2][4]. Sector Highlights - The domestic software sector saw a strong rally, with stocks like Beixin Source hitting a 20% limit up, and ZTE Corporation also performing well with a rise of over 6% [4][6]. - Resource stocks, including oil, electricity, coal, and gas, experienced a collective surge, with companies like Zhun Oil and Anyuan Coal reaching their daily limit [2]. AI Industry Trends - The AI industry chain stocks faced a downturn, with companies like Huaguang New Material and Tongfei Co. dropping over 10%, and several others hitting the daily limit down [9][10]. - The rapid growth in AI applications is highlighted by a significant increase in daily Token consumption, which rose from 1 trillion to over 30 trillion in just 1.5 years, indicating a booming AI application scale [6][7]. Notable Stock Movements - Jishi Media experienced a dramatic trading session, initially hitting a limit down before rebounding to close at a limit up, marking its eighth limit up in 14 trading days [13][12]. - Jin Tian Co. and Tenglong Co. issued warnings about their stock performance, indicating that their recent price increases may not reflect fundamental changes in their business [11][15].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月21日早盘，A股市场延续上攻态势，沪指迭创十年新高，接近3800点。截至午间收盘，上证指数报 3779.52点，涨0.35%；深证成指报11980.08点，涨0.45%；创业板指报2613.08点，涨0.21%。全市场半日 成交15912亿元，较上个交易日同期放量562亿元。 盘面上，可燃冰板块直线拉升，新锦动力涨近9%，神开股份涨超7%，我国科研团队在"可燃冰"大规模 利用领域实现重要突破；数字货币概念股活跃，御银股份3连板、中油资本3天2板，新晨科技 （300542）开盘秒速涨停；消费电子板块持续活跃，蓝思科技盘中涨超10%，兆易创新涨停。 | < V | 新晨科技 300542 深股通 ▼ | | ા | | --- | --- | --- | --- | | 26.30 37 | 24.45 最高 | 26.30 最低 | 24.45 | | 19.98% 4.38 换手 10.45% 总手 25.8万 金额 6.73亿 | | | | | 总值 78.52亿 流值 64.80亿 市盈利 -313.42 | | | 更多 | ...

8月21日，A股三大指数集体高开。盘面上，多元金融、券商板块、数字货币等概念涨幅居前；光伏、 稀土、军工板块小幅下跌。 值得注意的是，液冷服务器等AI硬件股开盘走低，金田股份跌停，公司此前走出6天5板行情。飞龙股 份、英维克、科创新源、大元泵业、高澜股份、思泉新材等跌幅居前。 金田股份8月19日公司发布的半年报数据显示，上半年公司共实现营业总收入592.94亿元，同比增长 2.46%，实现净利润3.73亿元，同比增长203.86%。 金田股份8月15日晚间发布股票交易风险提示，公司主要从事有色金属加工业务，主要产品包括铜产品 和稀土永磁材料两大类，其中铜加工产品应用于芯片算力领域的销量占比较小，短期对公司业绩不形成 重大影响，请投资者谨慎决策，理性对待市场热点概念。 港股方面，恒生指数和恒生科技指数下跌，医药股回暖，稳定币概念大涨。众安在线高开6%，泡泡玛 特、中芯国际涨逾2%，老铺黄金涨逾1%。港股券商股多股上涨，耀才证券金融涨近7%，国泰君安国际 涨逾6%。 中兴通讯A股一度涨停 另外，小金属板块异动拉升，章源钨业涨停，中国稀土、翔鹭钨业、北方稀土、厦门钨业、中钨高新跟 涨。 跨境支付板块走强，天融信一字 ...

Group 1 - The liquid cooling server concept experienced a decline on the 21st, with companies such as Tenglong Co. and Jintian Co. hitting the daily limit down, while Feilong Co. dropped over 9% [1] - Jintian Co. had previously achieved 5 limit-up days in the last 6 trading days, and the company indicated that its stock's short-term increase exceeded the industry and Shanghai Composite Index, suggesting an overheated market sentiment [1] - Jintian Co. primarily engages in non-ferrous metal processing, with main products including copper products and rare earth permanent magnet materials, which are used in various sectors such as power, electronics, construction materials, air conditioning, and new energy vehicles [1] Group 2 - Tenglong Co. also noted that its stock had increased by 67.34% over the past 6 trading days, compared to a 6.76% increase in the automotive parts industry index, indicating a significant short-term rise [1] - The trading volume for Tenglong Co. reached a cumulative turnover rate of 119.35% over 6 days, with an average daily turnover rate of 19.89%, which is significantly higher than usual [1] - The company confirmed that there had been no major changes in its fundamentals during this period [1] Group 3 - The company has noted recent market interest in data center/server liquid cooling and energy storage liquid cooling, and currently has small batch products supplied to domestic customers for these applications [2] - In the first half of 2025, the sales revenue from electronic water pump products for server liquid cooling is approximately 800,000 yuan, and revenue from hoses for energy storage liquid cooling is about 970,000 yuan, which is a small proportion of the company's total revenue [2] - The business development in these areas presents significant uncertainty, and the company advises investors to be cautious and make rational decisions [2]

Core Insights - The main business of the company includes the manufacturing of aluminum foil, aluminum materials, aluminum plates, and aluminum strips, along with import and export of various goods and technologies, investment management, and medical manufacturing [2] - The core products are primarily aluminum foil products, accounting for 88.56% of revenue, while medical clean products account for 11.44% [2] - Since its listing in 2007, the company has seen a cumulative net profit growth of 62.06%, with a net profit of 0.65 billion in the latest fiscal year 2024 [2][3] - The company has experienced four years of losses since its listing, with 12 years of profit, indicating a profit rate of 66.67% [2] Revenue Analysis - In 2020, the company achieved a revenue of 4.377 billion, which increased to 7.847 billion in 2024, showing a significant growth trend [3] - The revenue growth was particularly notable in 2021, followed by a relatively stable growth pattern [3] Profit Analysis - The net profit for the company was 0.22 billion in 2020, rising to 0.65 billion in 2024, although there were fluctuations with a loss in 2022 [3] Market Value Trends - The company's market value has declined since its peak of 12.677 billion on June 9, 2015, with a stock price of 20.68 yuan, dropping to a market value of 4.771 billion and a stock price of 4.62 yuan by August 20, resulting in a market value decrease of 7.905 billion, or 62.36% [5]

Core Viewpoint - The company, Jintian Co., Ltd. (601609.SH), primarily engages in non-ferrous metal processing, focusing on copper products and rare earth permanent magnet materials, with applications in various sectors including power, electronics, construction materials, air conditioning, and new energy vehicles [1] Summary by Category Company Overview - Jintian Co., Ltd. specializes in non-ferrous metal processing, with major products including copper products and rare earth permanent magnet materials [1] - The company's products are utilized in multiple industries such as power, electronics, construction materials, air conditioning, and new energy vehicles [1] Product Performance - Copper products, due to their electrical and thermal conductivity, are used in chip interconnection and heat dissipation materials [1] - From January to July 2025, the sales proportion of copper busbars, copper pipes, and copper strips in the computing power sector is less than 2%, with the sales proportion in the heat dissipation segment being less than 1% [1] - The short-term impact on the company's performance from these sales figures is not significant [1]