[Table_Page] 投资策略周报|有色金属 证券研究报告 | [Table_Title] 金属及金属新材料行业周报 | | [Table_Gr ade] 行业评级 | 买入 | | --- | --- | --- | --- | | | | 前次评级 | 买入 | | 铜价已站稳 | 1.1 万美元 | 报告日期 | 2025-12-14 | [Table_Summary] 核心观点： [Table_PicQuote] 相对市场表现 -10% 7% 24% 40% 57% 74% 12/24 02/25 05/25 07/25 09/25 12/25 有色金属 沪深300 | [分析师： Table_Author]宫帅 | | --- | | SAC 执证号：S0260518070003 | | SFC CE No. BOB672 | | 010-59136660 | | gongshuai@gf.com.cn | | 分析师： 王乐 | | SAC 执证号：S0260523050004 | | 021-38003617 | | wangle@gf.com.cn | | 分析师： 陈琪玮 | | SAC ...

Core Viewpoint - Shenzhen Securities Regulatory Bureau has recognized the acquisition of Foshan Precision by Zhongjin Lingnan as a significant example of high-quality mergers and acquisitions in the industry [1][2] Group 1: Company Strategy and Development - Zhongjin Lingnan, controlled by Guangsheng Holdings Group, is accelerating the increase of mineral resource reserves and production while upgrading traditional mining and smelting enterprises [1] - The company is focusing on high-quality mergers and acquisitions to strengthen and optimize strategic emerging industries, particularly in new materials [1][2] Group 2: Acquisition Details - In June 2023, Zhongjin Lingnan, through its subsidiary Zhongjin Technology, acquired Foshan Tongbao Precision Alloy Co., Ltd., the largest producer of bimetal in China, marking a significant move in the new materials sector [1][2] - This acquisition has allowed Zhongjin Lingnan to achieve a complementary advantage with existing production capacity and to develop synergistically, positioning itself as a leading enterprise in the high-end metal composite materials industry both domestically and internationally [1][2] Group 3: Financial Performance - Following the acquisition, Zhongjin Technology's revenue is projected to increase from 1.077 billion yuan to 2.042 billion yuan from 2023 to 2024, representing a year-on-year growth of 89.60% [2] - Net profit is expected to rise from 46 million yuan to 80 million yuan, with an increase of 73.91% [2] Group 4: Future Outlook - Zhongjin Lingnan aims to continue its FAITH business philosophy, focusing on the real economy and manufacturing, while pursuing high-quality projects in mineral resources and new materials through mergers and acquisitions [2] - The company is committed to building a modern industrial system that is self-controlled, safe, reliable, and competitive, contributing to Guangsheng Holdings Group's vision of becoming a world-class enterprise with dreams, responsibilities, and contributions [2]