超硬材料概念10日盘中强势拉升，截至发稿，四方达涨超16%，盘中一度涨停；惠丰钻石涨超12%，黄 河旋风涨停，三超新材涨超6%，博云新材涨逾4%。 消息面上，10月9日，商务部、海关总署联合发布公告，对超硬材料、稀土设备和原辅料、钬等5种中重 稀土、锂电池和人造石墨负极材料相关物项实施出口管制。其中超硬材料相关物项包括平均粒径小于等 于50μm的人造金刚石微粉、平均粒径大于50μm且小于等于500μm的人造金刚石单晶（不管制用于装 饰、首饰的培育钻石）、具有相关特性的人造金刚石线锯和人造金刚石砂轮、直流电弧等离子体喷射化 学气相沉积（DCPCVD）设备以及DCPCVD工艺技术。 对此，中信证券指出，与2024年8月15日商务部、海关总署对于超硬材料相关物项实施出口管制相比 较，此次出口管制的范围由技术、设备扩展到直接应用于终端的材料和制品，可能对海外下游客户和国 内生产商生产显著的影响。根据《中国人造金刚石产业地图（2023年）》，2022年中国人造金刚石单晶 产量占全球的95%，我们统计此次出口管制涉及的产品2024年出口金额超过2.7亿美元，出口管制实施 后海外的人造金刚石制品厂商和下游客户或面临供应链压 ...

郑州城市风貌。 金秋的街头，"郑州商城发现70周年"的标语，昭示着郑州的来处。 地处中华腹地，史谓"天地之中"，古称商都，郑州是华夏文明的重要发祥地之一。拥有世界文化遗产2处12 项，全国重点文物保护单位83处89项，不可移动文物近万处；入选"全国十大考古新发现"16项，数量位居全 国城市首位，实证中华文明起源。近年来，传承历史文脉、繁荣文旅业态，"天地之中、黄帝故里、功夫郑 州"城市名片越擦越亮。 ——一座万亿之城。 作为全国第16个GDP过万亿城市，2024年郑州市完成地区生产总值14532.1亿元，市域城市建成区面积 1431.65平方公里，常住人口增至1308.6万人；2025年上半年，郑州市GDP实现7329.3亿元（全省经济首位度 23.1%），持续推动经济实现质的有效提升和量的合理增长，扛牢在全省高质量发展中"挑大梁、走在前"的 使命担当。 ——一座枢纽之城。 时代的进程，犹如环环相扣的乐章，不断鸣响动人的和弦。 发展，是一步接一步的奋斗。站在"十四五"与"十五五"的交汇点，我们需要重新认识和发现郑州：它究竟是 一座什么城？ 从宏观视角看，国务院今年年初批复的《郑州市国土空间总体规划（2021— ...

｜2025年10月10日星期五｜ NO.3国金证券：高端装备制造业等行业景气度先行占优 10月10日，国金证券研报指出，9月整体平稳运行，结构上出口维持韧性、内需在"金九银十"旺季的带 动下边际回暖，但各行业表现冷热不均。供给侧治理与产业升级先行见效，对应上游资源品与新兴制造 业、高端装备制造业景气度先行占优；需求侧刺激与消费信心修复滞后使得传统原材料、消费板块"旺 季不旺"。 NO.2中信证券：看好超硬材料板块的交易性投资机会 中信证券研报指出，10月9日商务部和海关总署对超硬材料相关物项实施出口管制，范围相比2024年8月 扩大，进一步凸显超硬材料的战略属性。尽管短期超硬材料企业可能出口受阻，但长期看本次出口管制 会加速国内超硬材料产业的整合，该机构认为后市价格有望震荡上行，同时人造金刚石的功能性应用也 有望持续催化，看好超硬材料板块的交易性投资机会，建议关注龙头企业。 NO.1中信证券：黄金站上4000展望仍然乐观 10月10日，中信证券发布研报指出，8月底以来黄金价格迅速上涨，除了此前关注的长期因素，近期美 联储降息预期不断升温、美国政府关门催化避险交易、委内瑞拉方向的地缘政治扰动可能驱动短期快速 上 ...

人民财讯10月10日电，中信证券研报认为，10月9日商务部和海关总署对超硬材料相关物项实施出口管 制，范围相比2024年8月扩大，进一步凸显超硬材料的战略属性。尽管短期超硬材料企业可能出口受 阻，但长期看本次出口管制会加速国内超硬材料产业的整合。研报认为后市价格有望震荡上行，同时人 造金刚石的功能性应用也有望持续催化，看好超硬材料板块的交易性投资机会，建议关注龙头企业。 ...

郑州城市风貌。 资料图片 时代的进程，犹如环环相扣的乐章，不断鸣响动人的和弦。 发展，是一步接一步的奋斗。站在"十四五"与"十五五"的交汇点，我们需要重新认识和发现郑州：它究竟是 一座什么城？ 从宏观视角看，国务院今年年初批复的《郑州市国土空间总体规划（2021—2035年）》明确城市定位：河南 省省会，中部地区重要的中心城市，国家历史文化名城，国际性综合交通枢纽城市。 如果从微观而具体的视角来细看，郑州有着更多"面相"。 ——一座历史文化名城。 金秋的街头，"郑州商城发现70周年"的标语，昭示着郑州的来处。 地处中华腹地，史谓"天地之中"，古称商都，郑州是华夏文明的重要发祥地之一。拥有世界文化遗产2处12 项，全国重点文物保护单位83处89项，不可移动文物近万处；入选"全国十大考古新发现"16项，数量位居全 国城市首位，实证中华文明起源。近年来，传承历史文脉、繁荣文旅业态，"天地之中、黄帝故里、功夫郑 州"城市名片越擦越亮。 ——一座万亿之城。 作为全国第16个GDP过万亿城市，2024年郑州市完成地区生产总值14532.1亿元，市域城市建成区面积 1431.65平方公里，常住人口增至1308.6万人；20 ...

Core Viewpoint - The 2025 Diamond Industry Conference held in Zhengzhou focuses on technological breakthroughs and industry integration, highlighting the significance of the diamond industry in strategic emerging sectors in China [4][6][8]. Group 1: Industry Overview - The conference gathered prominent figures from the diamond industry, including leaders from associations and universities, to discuss innovations in superhard materials for sectors like semiconductors and aerospace [3][4]. - The diamond industry in China, particularly synthetic diamonds and cubic boron nitride, ranks among the top globally, driven by policy, technological innovation, and market demand [6][8]. Group 2: Regional Development - Zhengzhou High-tech Zone aims to become a global hub for superhard materials, with a comprehensive industrial system covering the entire supply chain, from raw material production to finished products [12]. - The zone hosts 1,838 companies related to superhard materials, contributing to its status as a key area for advanced manufacturing in China [12][24]. Group 3: Market Dynamics - In 2023, global synthetic diamond rough production approached 30 million carats, with China accounting for over 70% of the market, and Henan province contributing 80% of China's output [24]. - Zhengzhou's synthetic diamond production represents over one-third of the national total, with export value exceeding 2.1 billion yuan, making it the leading region in China [24]. Group 4: Technological Advancements - The conference featured the release of the "China Superhard Materials Industry Competitiveness Index (2025)," indicating Zhengzhou High-tech Zone's top ranking in national competitiveness [10]. - Discussions highlighted the accelerating application of diamonds in semiconductor chips and electric vehicles, with a focus on nanometer-level precision processing technology [17]. Group 5: International Collaboration - The conference integrated international resources, inviting participation from "Belt and Road" institutions to enhance cooperation in the Middle East market [21]. - The second Cultivated Diamond E-commerce Festival was held, leveraging over 20 platforms to boost consumer engagement and promote cultivated diamond brands globally [21].

Core Viewpoint - The company, 博深股份有限公司, held an investor meeting to discuss its performance and future strategies, focusing on its vision to become a leading provider of advanced materials and high-end equipment solutions [2]. Group 1: Company Strategy and Vision - The company aims to leverage its position as a key player in the advanced materials and high-end equipment sectors, with a vision of becoming an "internationally leading, domestically first-class comprehensive solution provider" [2]. - 博深股份 intends to combine internal growth with external acquisitions to enhance its market position and capitalize on available resources [2]. - The company is exploring opportunities in the new energy, new materials, and new equipment sectors, with a focus on technological integration and potential mergers and acquisitions [2]. Group 2: Shareholder and Market Information - Shareholder 陈怀荣 has reduced his stake by 2,872,400 shares, leaving him and his associates with 26,341,824 shares, which is approximately 5% of the total share capital [2]. - The company emphasizes its commitment to market value management and stable dividend policies to reward investors [2]. Group 3: Research and Development - 博深股份 plans to increase its R&D investment to nearly 60 million yuan in 2024, focusing on expanding the application of its products and enhancing competitiveness [2]. - The company is actively working on the development of artificial diamond materials, which are crucial for its tool production, and aims to capture new business opportunities through increased R&D efforts [2]. Group 4: Business Operations and Opportunities - The company’s rail transit equipment components are utilized in high-speed train operations and manufacturing, with potential opportunities arising from the new railway projects [2]. - 博深股份 is committed to providing customized solutions that enhance value along the supply chain, thereby improving its competitive edge [2].

Core Viewpoint - The company reported a significant revenue growth in H1 2025, driven primarily by the special equipment segment, despite a decline in net profit and profit margins [2][3][12]. Financial Performance - In H1 2025, the company achieved revenue of 2.193 billion yuan, an increase of 17.36% year-on-year, while the net profit attributable to shareholders was -41 million yuan, a decrease of 0.85 billion yuan [2][3]. - The gross margin was 18.14%, down by 6.44 percentage points, and the net margin was -2.32%, down by 4.82 percentage points [2][3]. - The company plans to achieve a revenue target of 8.7 billion yuan in 2025, representing an approximate growth rate of 90% [2]. Segment Performance - The special equipment segment saw a revenue of 1.181 billion yuan in H1 2025, marking a substantial growth of 85.92% and accounting for 53.87% of total revenue [6][9]. - The superhard materials segment reported revenue of 819 million yuan, a decline of 18.73%, with a stable gross margin of 25.00% [7][10]. - The specialized vehicles and auto parts segment generated revenue of 193 million yuan, down by 14.52%, with a slight decrease in gross margin to 1.81% [7][11]. Cost and Cash Flow - The company experienced a decrease in the expense ratio to 9.11%, with reductions in sales, management, and financial expense ratios [4]. - R&D expenses increased to 211 million yuan, up by 14.15%, indicating a focus on maintaining core competitiveness [4]. - The net cash flow from operating activities was -1.193 billion yuan, a decrease of 178 million yuan year-on-year, primarily due to increased long-term asset acquisition [4]. Order Backlog and Inventory - As of H1 2025, the company reported a significant increase in contract liabilities to 556 million yuan, up by 152.31%, and inventory of 2.888 billion yuan, up by 44.75%, suggesting a robust order backlog [4]. Market Position and Future Outlook - The company is positioned as a leading player in the special equipment and superhard materials sectors, with expectations for a rebound in performance as downstream order delivery accelerates [12][13]. - The company aims to leverage its competitive advantages in smart munitions and superhard materials to enhance profitability despite increasing competition [12].

严琛在发布会上用综合质效实现新提升、产业结构实现新升级、创新发展实现新突破、数字赋能实现新 进展、绿色低碳实现新气象、产业生态实现新改善"六个新"概括了河南制造业"十四五"发展成果。 "十四五"期间，我省紧紧抓住"7+28+N"产业链群这个战略抓手，工业发展实现质的有效提升和量的合 理增长。规上工业41个行业大类实现全覆盖，工业经济总量稳居中西部省份第一位，过去四年规上工业 增加值年均增速6.1%、高于全国0.2个百分点，工业投资年均增速16.7%、高于全国6.1个百分点，扛起 了"工业大省挑大梁"的重担。郑南商许超硬材料集群、洛阳现代农机装备集群成功创建国家先进制造业 集群，长垣市门桥式起重机械、襄城县碳硅新材料等9个集群被认定为国家级中小企业特色产业集群。 全省着力打造新能源汽车、新材料等新增长引擎，比亚迪、宁德时代、洛阳百万吨乙烯等一批重点项目 加快建设或建成投产，全省汽车整车产量突破百万辆。 坚持围绕产业链布局创新链，河南累计建设省实验室27家、省级产业研究院55家、制造业创新中心19 家、中试基地61家。规上工业企业研发活动"四有"覆盖率提升到77.76%。促进数字技术与实体经济深度 融合，深入实施 ...

Core Viewpoint - By 2025, China's superhard materials industry will establish a dual-track development pattern of HPHT and CVD technologies, accelerating the transition from traditional processing to high-end fields such as semiconductors and new energy, with the market expected to exceed 100 billion yuan by 2030, driven by technological upgrades and high-end application expansion [1] Group 1: Industry Evolution - Since the first synthetic diamond was produced in China in 1963, the superhard materials industry has entered a phase of industrialization, achieving significant milestones such as the first cBN synthesis in 1966, breaking foreign technology monopolies [2] - The industry chain has continuously improved, with accelerated domestic equipment production and the emergence of large industrial clusters in regions like Henan, leading to integrated production capabilities in HPHT machines and products [2][4] - By 2025, domestic diamond production capacity is expected to account for nearly half of the global total, with an industry output value exceeding 17 billion yuan [2] Group 2: Technological Advancements - The transition from "HPHT dominant" to "HPHT + CVD collaborative development" has been achieved, with HPHT enabling large-scale production of industrial and jewelry-grade diamonds, while CVD is used for cultivating large, high-purity, and functional single crystal diamonds [4] - Recent advancements in CVD technology, particularly in regions like Ningbo and Shanghai, have led to breakthroughs in high conductivity, high purity, and environmental performance, promoting the construction of large-scale CVD diamond production lines [4] Group 3: Market Dynamics - The superhard materials market in China is projected to grow at a compound annual growth rate (CAGR) of approximately 5.8%-5.9% from 2023 to 2030, with China holding over 20% of the global market share [10] - By 2025, the global superhard materials market is expected to reach approximately 75 billion yuan, with China's market projected to grow to 17.2 billion yuan, representing about 22.8% of the global market [12]