Macro Strategy - The core view indicates that actual interest rates remain the key anchor for gold prices, with fluctuations driven by macroeconomic policies and geopolitical factors [1][11] - In November, gold prices are expected to be influenced by geopolitical situations, trade negotiations, and macro policies, with a potential for continued high-level fluctuations [1][11] - The CME interest rate futures suggest a widespread expectation of a 25 basis point rate cut by the Federal Reserve in December, which may support gold prices [1][11] Fixed Income Strategy - The report discusses a trading strategy of "long old bonds and short new bonds" based on the behavior of active bond spreads, which typically exhibit a jump during the switching process [2][12] - The active bond spread trading strategy remains profitable, with the maximum spread observed at 9.8 basis points since 2023, indicating a favorable trading environment [2][12] Food and Beverage Industry - The beer sector is currently viewed as being at a bottoming phase, with expectations for demand recovery driven by macro policy changes and improved fundamentals in 2024 [4][14] - The report highlights that the beer sector's revenue for the first three quarters of 2025 reached 617.26 billion yuan, with a year-on-year growth of 1.99% [4][15] - Key players such as Qingdao Beer and Yanjing Beer are expected to perform well, with a focus on high-growth segments and defensive strategies [4][15] Healthcare Products Industry - The healthcare products sector showed a year-on-year revenue growth of 18% and a net profit increase of 122% in Q3 2025, indicating a positive trend despite individual stock variations [16][17] - Companies like Tongrentang and Minsheng Health are highlighted for their strong performance and growth potential in the healthcare market [16][17] Nonferrous Metals Industry - The report notes that industrial metals are experiencing high-level fluctuations, with copper prices expected to strengthen after a period of consolidation due to supply disruptions and improved macro sentiment [5][19] - Aluminum prices have shown an upward trend, supported by supply stability and increased demand, particularly in the context of geopolitical developments [5][19] Media Industry - The media sector reported a revenue of 1,279 billion yuan in Q3 2025, reflecting a 7% year-on-year increase, with the gaming sector showing particularly strong performance [6][20] - The gaming segment's net profit grew by 76% year-on-year, driven by successful product launches and a stable revenue growth trajectory [6][20]

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 1.63 billion CNY, a year-on-year increase of 50.85% [2] - The net profit attributable to shareholders reached 14.63 million CNY, a significant year-on-year growth of 195.39% [2] - In Q3 2025, the company reported a revenue of 710 million CNY, reflecting a year-on-year increase of 72.32% [2] - The net profit for Q3 2025 was 34.90 million CNY, with a substantial year-on-year growth of 205.86% [2] Business Segments - The growth in Q3 performance was driven by the synergy between traditional can lid and new energy battery shell businesses [3] - The gross margin of the battery shell business has been steadily improving, contributing significantly to overall profitability [3] - The proportion of revenue from can lid equipment has been decreasing, but it remains a stable long-term product with potential for growth due to stricter environmental policies [3] Strategic Partnerships - The company is collaborating with major clients such as CATL, EVE Energy, and Ganfeng Lithium, and is actively developing new domestic and international clients [5] - A memorandum of understanding was signed with Dongwon Systems Corporation to establish a joint venture for battery shell business in the U.S. and Europe [5] - The company received the "Best Potential Supplier Award" from Ningfu New Energy, highlighting its competitive position in the battery shell market [6] Product Development - The company is exploring new product lines, including aluminum cups and digital printing cans, to meet diverse consumer needs [3] - The development of the harmonic reducer component is progressing, with significant breakthroughs in cost reduction and production techniques [6] - The aluminum cup product is gaining traction in international markets, with expectations for substantial growth as environmental concerns drive demand [7]

常铝股份（002160.SZ）10月14日在投资者互动平台表示，公司新能源电池壳业务当前在山东、浙江、 广东设有生产基地，市场定位为面向全国范围的下游新能源电池客户提供生产配套。截至目前，公司新 能源电池壳业务对国外客户未形成直接销售。当前，子公司山东新合源作为公司电池壳业务的经营单 位，正积极拓展日韩及欧美市场。 每经AI快讯，有投资者在投资者互动平台提问：公司刀片电池壳业务发展迅速，有没有打算把这项业 务在全国铺开？目前国外销售如何？未来国外业务有没有预算加大投资规模，拓展国外增长点？ （文章来源：每日经济新闻） ...

Core Viewpoint - The company, Suzhou Sileck Precision Equipment Co., Ltd., has signed an investment cooperation agreement with the Feidong County government for a new energy precision structural components project with a total investment of 230 million yuan, aimed at establishing production lines for battery shells and poles [1][2]. Investment Details - The project will involve an investment of 70 million yuan specifically for new fixed assets, with the construction taking place in a self-owned factory covering approximately 33,400 square meters [1]. - The project will be managed by a newly established subsidiary of the company in the local area, with a registered capital of no less than 80 million yuan [1]. Government Support and Responsibilities - The agreement includes a dual guarantee mechanism where the local government will provide policy support contingent on the project meeting agreed economic indicators [2]. - The responsibilities of both parties are clearly defined, ensuring that the company and the new project entity share obligations and liabilities, which enhances the stability of the cooperation [2]. Strategic Significance - The project is strategically significant as it positions the company to capitalize on the growing demand for battery components driven by the explosive growth of the new energy vehicle industry [2][3]. - The establishment of the production base in Feidong allows for closer proximity to downstream customers, reducing logistics costs and improving responsiveness to customer needs [3]. Market Trends and Competitive Advantage - The new production lines will focus on battery shells and poles, addressing the increasing market demand for precision structural components as energy density and lightweight requirements rise [4]. - The company aims to enhance its market share and competitive advantage in the precision structural components sector by effectively managing costs and increasing production capacity [4]. Future Outlook - The project is seen as a critical step in the company's strategy to expand its new energy business, leveraging local government support to mitigate expansion risks [4]. - The successful implementation of the project will depend on various factors, including macroeconomic conditions and market environments, with expectations that it will not significantly impact the company's performance in 2025 [4].

| | | 9月15日重要公告精选 | | --- | --- | --- | | 类型 | 公司 | 主要内容 | | 热点 | 上海处工 | 黄金业务收入占公司营业收入比例较低,历年均不超过营业收入0.5% | | 项目投资 | 斯莱克 | 拟2.3亿元投建新能源电池壳生产线、极柱生产线等 | | 合同中标 | 宏润建设 | 中标1.26亿元工程施工项目 | | 股权收购 | 品展股份 | 拟3.16亿元收购芯边微100%股权 | | 回购 | 如瑞科技 | 拟斥资2000万元全4000万元回购股份 | | 经营数据 | 华侨城A | 8月合同销售金额9.9亿元 同比减少57% | | | 南方航空 | 8月客运运力投入同比上升6.37% | | 增减持 | 災仕达 | 控股股东一致行动人拟减持不超过3%股份 | | | 五洲交通 | 控股股东交投集团拟增持0.85亿元至1.7亿元股份 | | | 中源家居 | 董事长、总经理曹勇拟合计减持不超3%股份 | | 其他 | 英联股份 | 拟定增募资不超过15亿元用于复合集流体项目等 | | | 商络电子 | 拟发行可转债募资不超过10亿元用于收购立功科技股权 ...

斯莱克（300382）(300382.SZ)公告，公司与肥东县人民政府签订了《新能源精密结构件项目投资合作 协议》，项目总投资2.3亿元，建设新能源电池壳生产线、极柱生产线等，项目实施主体为公司在肥东 县的项目公司。项目规划面积约33,361㎡，该面积为自有厂房面积，建设内容包括新能源电池壳生产 线、极柱生产线等。 ...

格隆汇9月15日丨斯莱克(300382.SZ)公布，为进一步完善苏州斯莱克精密设备股份有限公司新能源电池 壳业务产能布局，公司与肥东县人民政府签订了《新能源精密结构件项目投资合作协议》，项目总投资 2.3亿元人民币，建设新能源电池壳生产线、极柱生产线等，项目实施主体为公司在肥东县的项目公 司。 ...

智通财经APP讯，斯莱克(300382.SZ)公告，公司与肥东县人民政府签订了《新能源精密结构件项目投资 合作协议》，项目总投资2.3亿元，建设新能源电池壳生产线、极柱生产线等，项目实施主体为公司在 肥东县的项目公司。项目规划面积约33,361㎡，该面积为自有厂房面积，建设内容包括新能源电池壳生 产线、极柱生产线等。 ...

斯莱克(300382.SZ)公告称，公司与肥东县人民政府签订了《新能源精密结构件项目投资合作协议》， 项目总投资2.3亿元，建设新能源电池壳生产线、极柱生产线等。项目实施主体为公司在肥东县的项目 公司。本次投资事项无需提交公司董事会、股东会审议，不构成关联交易，亦不构成重大资产重组。项 目旨在完善公司新能源电池壳业务产能布局，预计对公司2025年度业绩不构成重大影响。 ...

证券简称：斯莱克 证券代码：300382 苏州斯莱克精密设备股份有限公司投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 √业绩说明会 | | 动类别 | □新闻发布会 √路演活动 | | | □现场参观 | | | √其他（电话会议） 东吴证券、摩根基金、西部利得基金、前海联合基金、博道 | | | 基金、长城基金、中信保诚基金、创金合信基金、易米基金、天 | | | 治基金、上海利幄私募基金、俊腾私募基金、广州云禧私募基金、 | | 参与单位名称 | 敦和资管、熵一资本、红骅投资、上海宝源胜知投资、上海长见 | | 及人员姓名 | 投资、上海天猊投资、和谐健康保险、进门财经、国海证券、光 | | | 大证券、国泰证券、中泰证券、华创证券、上海盘京投资、华泰 | | | 保兴基金、光大保德信基金、睿亿投资、上海鹤禧私募基金、浙 | | | 商基金、中航基金机构人员共 55 人 | | 时间 | 2025 年 4 月 28 日：2024 年报暨 2025 年一季报交流会 | | | 2025 年 4 月 29 ...