10月23日，A股三大指数震荡调整，尾盘陆续翻红。截至收盘，上证指数涨0.22%、深证成指涨0.22%、创业板指涨0.09%。全市场全天成交额16607亿元， 较上个交易日缩量295亿元。 从盘面上看，深圳国企改革、煤炭等板块全天保持强势。宣布跨界半导体领域的消息后，文旅龙头盈新发展今日再次"一字"涨停，收获"四连板"，封单量 超过196万手。 尾盘，量子科技板块直线拉升。科大国创"20CM"涨停，达华智能、神州信息直线涨停，迪普科技、辰光医疗、国盾量子等跟涨。 | 达华智能 | 4.05 +10.05% +12.19% | | --- | --- | | 融 002512 | | | 首板 最终涨停14:48 | | | 神州信息 | 14.25 +10.04% +7.87% | | 融 000555 | | | 首板 最终涨停14:44 | | | 格尔软件 | 17.66 +10.03% +10.10% | | 603232 | | | 首板 最终涨停 09:50 | | | 国盾量子 | 414.42 +9.06% +2.33% | | 融 688027 | | | 富士达 | 29.14 +8.69 ...

Core Viewpoint - Cangge Lithium Industry has officially resumed production as of October 11, 2025, with a revised annual production and sales plan of 8,510 tons, down from the original 11,000 tons, reflecting a reduction of 2,490 tons [1] Group 1: Company Performance - Cangge Mining reported a revenue of 2.401 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 3.35%, and a net profit attributable to shareholders of 2.751 billion yuan, up 47.26% year-on-year [2] - The significant profit increase is primarily due to investment income from its stake in Jilong Copper Industry, which reported a copper production of 142,500 tons and revenue of 11.821 billion yuan for the same period [3] Group 2: Strategic Developments - Cangge Mining's future growth will rely on the synergistic development of its three main business segments: potassium fertilizer, copper resources, and lithium resources from salt lakes [1][6] - The company holds a 30.78% stake in Jilong Copper Industry, which is a major contributor to its profits, and plans to continue supporting Jilong's operational development [4][5] Group 3: Investment Activities - Cangge Mining announced plans to invest up to 659 million yuan in the Jiangsu Zangqing New Energy Industry Development Fund, which focuses on equity investments in salt lake lithium mining companies [8] - The first investment target of the Jiangsu Zangqing Fund is the acquisition of controlling interest in the Mami Cuo Salt Lake, which has proven lithium chloride resources of approximately 250.11 thousand tons [9][10]

公告称，此次追加认购江苏藏青基金扩募份额，有助于保障公司前期投资价值的实现，提升整体投资收 益，并通过引入多方资金共同支持对运营项目的培育与开发，进一步增强公司在盐湖提锂领域的持续发 展能力和综合竞争力。 智通财经APP讯，藏格矿业(000408.SZ)公告，公司全资子公司藏格矿业投资(成都)有限公司(简称"藏格 矿业投资")拟参与认购江苏藏青基金扩募份额，认购金额不超过6.59亿元，认购资金来源为自有资金。 ...

公告称，此次追加认购江苏藏青基金扩募份额，有助于保障公司前期投资价值的实现，提升整体投资收 益，并通过引入多方资金共同支持对运营项目的培育与开发，进一步增强公司在盐湖提锂领域的持续发 展能力和综合竞争力。 藏格矿业（000408）(000408.SZ)公告，公司全资子公司藏格矿业投资(成都)有限公司(简称"藏格矿业投 资")拟参与认购江苏藏青基金扩募份额，认购金额不超过6.59亿元，认购资金来源为自有资金。 ...

每经记者｜朱成祥 每经编辑｜董兴生 丨 2025年10月14日 星期二 丨 NO.1 皖能电力：间接持有聚变新能（安徽）有限公司约3.5%的股权 NO.3 盐湖股份：第三季度净利同比预增97%至141% 10月13日，盐湖股份公告称，公司预计2025年前三季度归属于上市公司股东的净利润为43.00亿元至 47.00亿元，比上年同期增长36.89%至49.62%。三季度归属于上市公司股东的净利润为18亿元至22亿 元，比上年同期增长97.41%至141.28%。报告期内，氯化钾价格较上年同期上升，带动盈利增长；碳酸 锂市场价格下行，但公司整体业绩仍实现同比增长。 点评：盐湖股份前三季度业绩亮眼，尤其三季度净利近乎翻倍，远超市场预期。这主要得益于主营产品 氯化钾价格上行，有效对冲了碳酸锂价格下跌的冲击。公司"钾锂"双主业战略展现出强大的抗风险能力 和盈利韧性，凸显其作为行业龙头的成本优势与核心价值。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自 担。 点评：皖能电力间接参股聚变新能，前瞻性布局核聚变这一未来能源终极赛道。虽然当前持股比例不 高，但此举彰显了公司向战略性新兴产业转 ...

每经AI快讯，10月13日，A股盐湖提锂板块持续走强，中国瑞林此前涨停，华友钴业、赣锋锂业涨超 7%，盛新锂能涨超6%，倍杰特、久吾高科涨超5%。 （文章来源：每日经济新闻） ...

Core Viewpoint - Cangge Mining has obtained a new mining license that includes lithium, allowing the resumption of its lithium extraction project after a previous suspension due to the absence of lithium in the prior license [2][4][9] Group 1: Company Developments - Cangge Mining's subsidiary, Gelmu Cangge Potash Co., has received a mining license valid from August 10, 2025, to December 1, 2029, which includes various minerals such as lithium, magnesium, and boron [3][4] - The company plans to maintain its annual production and sales target of 11,000 tons of lithium carbonate, with adjustments based on the resumption timing and progress [2][6] - The lithium extraction project had been suspended since July 17 due to regulatory issues, but with the new license, the project is now back in operation [4][7] Group 2: Industry Context - Other lithium extraction companies in the Qinghai region are also receiving renewed mining licenses, indicating a trend towards regulatory compliance and increased production capacity in the sector [7][8] - The lithium extraction industry benefits from lower marginal costs, allowing companies to maintain substantial profit margins even during downturns in lithium prices [9] - The new mining license not only secures the long-term development of potash but also clarifies the legal basis for lithium resource development, supporting the growth of the new energy sector [9]

Core Viewpoint - Cangge Mining has obtained a new mining license that includes lithium, allowing the resumption of its lithium extraction project after a previous suspension due to licensing issues [1][3][5]. Group 1: Company Developments - Cangge Mining's subsidiary, Gelmu Cangge Potash Co., has received a mining license valid from August 10, 2025, to December 1, 2029, which now includes lithium, magnesium, and boron alongside potash [2][4]. - The company plans to maintain its annual production and sales target of 11,000 tons of lithium carbonate, with adjustments based on the resumption timeline and progress [1][5]. Group 2: Production Challenges - Despite the resumption of operations, Cangge Mining faces challenges in meeting its production target due to a two-month suspension and seasonal production variations in Qinghai, where winter conditions can hinder lithium extraction efficiency [5][6]. - In the first half of the year, Cangge Mining produced 5,170 tons of lithium carbonate, achieving 47% of its annual target, compared to 55.32% in the same period last year [5]. Group 3: Industry Context - The recent licensing developments reflect a trend towards stricter compliance and regulation in the salt lake lithium extraction industry, as highlighted by new regulations in Qinghai [6][7]. - The acquisition of the new mining license is significant for Cangge Mining as it secures the legal basis for lithium resource development and enhances the company's competitive edge in the market [7].

Core Viewpoint - The domestic lithium extraction industry from salt lakes is expected to enter a new phase of capacity growth with the official production of new projects by leading companies like Salt Lake Co. [1] Group 1: Company Developments - Salt Lake Co. announced on September 28 that its 40,000 tons/year integrated lithium salt project has been completed and is now in the trial production phase, producing qualified battery-grade lithium carbonate [2][3] - The new project is expected to increase Salt Lake Co.'s total lithium salt production capacity to 80,000 tons/year, making it the leader in the domestic salt lake lithium extraction industry [1][3] - The project utilizes advanced technology, including a combination of "fixed bed adsorption + membrane refining + MVR evaporation," which has been optimized to improve lithium recovery rates and product purity [3] Group 2: Industry Trends - The demand for lithium is rising due to the growth of new energy electric vehicles and energy storage industries, highlighting the value of low-cost lithium extraction from salt lakes [1] - Despite a slowdown in demand growth and lower lithium carbonate prices, companies are still investing in capacity expansion, indicating confidence in the long-term potential of the industry [4][5] - The overall lithium extraction capacity in China is expected to accelerate, with significant contributions from projects by companies like Salt Lake Co., Zijin Mining, and Cangge Mining [6] Group 3: Cost and Profitability - Salt Lake Co. has a clear cost advantage in lithium extraction, with gross margins reaching 49.96% based on current lithium carbonate prices ranging from 60,000 to 80,000 yuan per ton [3] - The project cost was optimized from 7.099 billion yuan to 6.083 billion yuan, achieving a cost reduction of approximately 1 billion yuan, which reflects a 14.58% investment optimization rate [3] Group 4: Future Directions - The development of a diversified product structure, including lithium hydroxide, lithium chloride, and lithium phosphate, is suggested as a strategic direction for the salt lake lithium extraction industry [7]

Macro Economic Group - In the first eight months of the year, the total profit of industrial enterprises above designated size reached 46,930 billion yuan, a year-on-year increase of 0.9%, marking the first positive growth since April this year, with a recovery of 2.6 percentage points compared to January-July [3] - In August, the profit of industrial enterprises increased by 20.4% year-on-year, a significant rebound of 21.9 percentage points compared to July [3] - The profit margin of industrial enterprises was 5.24% in the first eight months, up from 5.15% in July, while the manufacturing sector's profit margin was 4.53%, up from 4.46% in July [3] Industry Overview - The industries with the highest year-on-year growth rates from January to August include transportation equipment manufacturing, non-ferrous metals, and electrical machinery and equipment manufacturing, while the lowest growth rates were seen in coal mining, steel, furniture manufacturing, and textile and apparel industries [4] - Notable improvements in year-on-year growth in August were observed in the liquor, beverage, and refined tea manufacturing, steel, non-ferrous metals, chemical fiber, and transportation equipment manufacturing sectors [4] - The cement industry is expected to reduce inefficient clinker production capacity by about 10% this year, with the overall capacity utilization rate currently at around 50% [7] Advanced Manufacturing Group - The Ministry of Transport and other departments have issued the "Implementation Opinions on 'Artificial Intelligence + Transportation'", aiming to establish a smart integrated transportation network by 2030 [11] - The demand for energy storage has exceeded expectations this year, driven by the expansion of new energy and the introduction of capacity price policies, leading to improved internal rate of return (IRR) for energy storage [12] - The lithium extraction capacity from salt lakes in China is expected to significantly increase, with major companies accelerating project layouts, which may lead to a decrease in lithium carbonate prices [13]