本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 公司预计2025年半年度实现归属于上市公司股东的净利润为7,000万元至8,500万元，与上年同期相 比，将增加37,158.82 万元到38,658.82 万元。 ● 公司预计2025年半年度实现归属于上市公司股东的扣除非经常性损益的净利润为8,818.16 万元至 10,318.16 万元，与上年同期相比，将增加39,174.67 万元到40,674.67 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年6月30日。 （二）业绩预告情况 2.预计2025年半年度实现归属于上市公司股东的扣除非经常性损益的净利润为8,818.16 万元至10,318.16 万元，与上年同期相比，将增加39,174.67 万元到40,674.67 万元。 二、上年同期业绩情况 1.经财务部门初步测算，预计2025年半年度实现归属于上市公司股东的净利润为7,000万元至8,500万 元，与上年同期相比，将增加37,158.82万元到38,658.8 ...

7月9日，行业龙头北方稀土发布2025年半年度业绩预告，其表现远超市场预期。公告显示，公司预计上 半年实现归属于上市公司股东的净利润同比大幅增长1882.54%至2014.71%。更为突出的是，其扣除非 经常性损益后的净利润增幅高达5538.33%至5922.76%。这一爆炸性增长数据迅速点燃市场热情。 7月10日，北方稀土与包钢股份双双发布公告，宣布上调第三季度稀土精矿关联交易价格。值得注意的 是，这已是双方自2024年三季度以来的连续第四次季度上调，该消息进一步为已经沸腾的市场情绪添柴 加薪。 稀土作为现代工业不可或缺的关键战略资源，在全球贸易格局复杂化的背景下，其资源价值与战略意义 日益受到广泛关注与重估。投资者对该板块的兴趣度持续升温，近期涌入沪深交易所互动平台，密集询 问各稀土企业生产经营、市场前景等最新情况，全景为您精选来自上市公司最真实的声音。（以下内容 均摘自深交所互动易、上证e互动、上市公司公告等） 【投资者问】2025年公司将投产高性能特种粉末和1万吨非晶带材项目，同时推进稀土永磁技改项目 a. 新项目投产计划是否属实？进度如何？ 安泰科技 [000969] ：2024年，公司已完成安泰北 ...

Market Overview - On July 11, the A-share market closed with a total of 69 stocks hitting the daily limit, excluding 7 ST stocks and 1 delisted stock, resulting in 61 stocks hitting the limit; 30 stocks failed to maintain their limit, with an overall limit-hitting rate of 69.7% [1] Top Performers - Baogang Co., a leader in rare earths, had the highest limit order volume at 2.4071 million hands; followed by Greenland Holdings, Shenzhou New Materials, and Jingyun Tong with limit order volumes of 1.1592 million hands, 676,900 hands, and 673,100 hands respectively [2] - Baogang Co. announced an adjustment in the price of rare earth concentrate for Q3 2025 to 19,109 yuan/ton (excluding tax, dry weight, REO=50%) [2] - The company aims to enhance its product structure by focusing on "high-quality specialty steel + series of rare earth steel" to become a leading supplier and service provider of rare earth steel new materials in China [2] Rare Earth Sector - The rare earth sector saw collective gains with stocks like Huahong Technology, Northern Rare Earth, China Rare Earth, and Shenghe Resources also hitting their limits [4] - Northern Rare Earth and Baogang Co. both announced price increases for rare earth concentrate in Q3 [4] - Huahong Technology has a total production capacity of 15,000 tons/year for rare earth permanent magnet materials, with ongoing projects in Shandong and Inner Mongolia [4] - China Rare Earth reported an increase in operating profit year-on-year due to timely adjustments in marketing strategies in response to rising prices in Q1 2025 [5] Financial Sector - The financial sector also saw stocks like Nanhua Futures, Bank of China Securities, Zhongyuan Securities, and Harbin Investment Holdings hitting their limits [6] - Nanhua Futures has obtained licenses for securities trading and advisory services, enhancing its market participation capabilities [6] - Bank of China Securities is focusing on transforming wealth management for individual clients and building an ecosystem for institutional clients [6] - Zhongyuan Securities is enhancing its asset management business by collaborating with wealth management and investment banking divisions [7] Pharmaceutical Sector - The pharmaceutical sector had stocks like Kailaiying, WuXi AppTec, Haobio, and Lianhuan Pharmaceutical hitting their limits [7] - Kailaiying reported stable growth in new orders, particularly in small molecule orders, while emerging business orders are growing rapidly [7] - WuXi AppTec is committed to reducing R&D barriers through its unique CRDMO business model, enhancing client R&D efficiency [7] - Haobio is collaborating with China Biopharmaceutical to leverage synergies between in vitro diagnostics and pharmaceutical businesses [7] Investment Trends - The top net purchases on the Dragon and Tiger list included Hengbao Co., China Rare Earth, and Zhongke Jin Cai, with Hengbao Co. seeing over 100 million yuan in net purchases [8] - The top net purchases by institutions were Haobio, Guorui Technology, and Zhongke Jin Cai, with amounts of 134 million yuan, 65.21 million yuan, and 52.26 million yuan respectively [10] - The Shenzhen Stock Connect saw a net purchase of 100 million yuan in Chutianlong, while the Shanghai Stock Connect had a net sale of 85.28 million yuan in Bank of China Securities [11]

Group 1 - The rare earth permanent magnet sector showed significant activity, with the sector index rising by 5.64% and several stocks, including Northern Rare Earth (600111) and China Rare Earth (000831), hitting the daily limit [1] - Northern Rare Earth announced a projected net profit increase of 1882.54% to 2014.71 million by the first half of 2025, driven by market stabilization, increased production and sales, and cost reduction efforts [1] - The global market size for rare earth permanent magnets is expected to reach approximately $17 billion in 2024 and $27 billion in 2025, indicating substantial growth potential for the industry [1] Group 2 - Northern Rare Earth is the largest supplier of light rare earth products in China and globally, focusing on rare earth raw materials, functional materials, and some end-use products [2] - China Rare Earth primarily engages in the production and operation of rare earth oxides and offers technology research and consulting services [3] - Shenghe Resources has a diverse range of rare earth products, including both light and heavy rare earths [4] - Jiuwu Hi-Tech specializes in the development of membrane separation technology for ion-type rare earth mining and the research of rare earth leachate pretreatment processes [4] - Baotou Steel's main products include rare earth concentrates and fluorite [5] - Jinchuan Magnetics is a leading supplier of high-performance rare earth permanent magnet materials in the new energy and energy-saving sectors [6] - Guangsheng Nonferrous Metals focuses on rare earth mining, smelting separation, deep processing, and non-ferrous metal trading [7] - China Nonferrous Metal Industry's Technology is a leader in lead-zinc smelting and rare earth separation technologies in China [8]

本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 （责任编辑：王治强 HF013） 【机器人行业发展带动，正海磁材披露投资者交流情况及业务进展】 今年以来，机器人行业快速发 展，上游稀土永磁行业受市场关注。日前，正海磁材(300224)披露投资者关系活动记录表，与多家券商 机构交流公司及行业问题。 在人形机器人方面，正海磁材密切跟进下游新场景，技术匹配核心部件需 求。公司有合作经验，与新兴龙头合作密切，2024年获"人形机器人领域最具价值材料类企业"，已小批 量供货。 正海磁材主营高性能钕铁硼永磁材料，用于新能源等领域。该材料可靠性高，是理想材料。 中信证券曾指出，新兴领域或成需求远期增长驱动因素。 节能与新能源汽车领域，正海磁材覆盖多个 品牌，2024年完成58个选定项目，出货量增25%，搭载561万台套电机。 面向2025年，两新政策拉动终 端需求。新兴领域或成钕铁硼需求新驱动力。2024年，公司核心技术产品覆盖率高，无重稀土磁体产量 增50%。 截至2024年末，正海磁材烟台基地产能18000吨，南通基地12000吨。原规划南通新增6000吨 产能，将视情况调整投资。 产能方面，南通基地20 ...

Group 1 - The rapid development of the robotics industry has increased market attention on the rare earth permanent magnet industry, which serves as upstream raw materials [1] - The company has extensive experience collaborating with international clients for nearly two decades and has established close partnerships with emerging domestic industry leaders [1] - The company’s main product, high-performance neodymium-iron-boron permanent magnets, is widely used in new energy, energy-saving, and intelligent fields, making it an ideal material for motors in humanoid robots [1][2] Group 2 - The company achieved full coverage of the top 10 international automotive brands, top 5 domestic automotive brands, and top 5 new car-making forces in the energy-saving and new energy vehicle sectors [2] - The company’s product shipment volume increased by 25% year-on-year, with a total of 5.61 million sets of energy-saving and new energy vehicle motors delivered [2] - The company’s core technology, grain optimization technology (TOPS), reached a product coverage rate of 97% in 2024, while diffusion technology (THRED) exceeded 80% [2] Group 3 - The company’s Nantong base is expected to achieve over 150% year-on-year growth in production in 2024, complementing the strategic capacity of the Yantai base [3] - The company has responded quickly to export control measures for medium and heavy rare earth items, actively promoting export declaration work and obtaining export licenses [3] - The company will maintain close communication with relevant departments to ensure compliance in export operations and safeguard stable business operations [3]

Core Viewpoint - The State Administration for Market Regulation and the Ministry of Industry and Information Technology have issued an action plan aimed at enhancing the quality stability and service life of new materials while reducing production costs, focusing on various critical sectors such as major engineering, national defense, emerging industries, and public welfare [1] Group 1: Focus Areas - The action plan emphasizes the need for measurement testing requirements in advanced steel, non-ferrous metals, inorganic non-metallic materials, high-temperature alloys, high-performance ferromagnetic materials, high-performance fibers and composites, rare earth functional materials, ultra-pure rare metal materials, advanced semiconductor materials, and new display materials [1] - It aims to develop specialized measurement testing equipment and methods, establish a public measurement service platform and alliance for quality technology infrastructure, and promote effective integration of measurement with product standards and testing technologies [1] Group 2: Objectives - The plan seeks to improve the quality stability and service life of new materials, lower production costs, and enhance the foundational capabilities of the new materials industry [1]

Industry Overview - Ferrite soft magnetic materials, primarily composed of Fe₂O₃, are produced using powder metallurgy and are widely applied in electronic components such as transformers and inductors [1][3] - China has become the world's largest producer of ferrite soft magnetic materials, with a mature application in traditional consumer electronics, industrial manufacturing, and energy sectors [1][14] - The industry is expected to see a sales volume of approximately 510,000 tons in 2024, representing a year-on-year growth of 6.25% [1][14] Application Demand - The demand for ferrite soft magnetic materials is driven by the growth in sectors such as new energy vehicles, photovoltaic systems, and big data [1][8] - In the new energy vehicle sector, production and sales are projected to reach 12.89 million and 12.87 million units respectively in 2024, with year-on-year growth rates of 34.4% and 35.5% [7][8] - The communication sector utilizes ferrite soft magnetic materials in 5G base station power supplies, which are critical for operational efficiency [10][12] Market Dynamics - The industry chain consists of upstream raw material supply (iron oxide, manganese oxide, zinc oxide), midstream production, and downstream applications in various sectors including home appliances and telecommunications [5][14] - The competitive landscape is fragmented, with many small enterprises relying on low-cost strategies, while key players like Hengdian East Magnetic and Spring Light Group hold stronger market positions [16][19] Development Trends - The industry is moving towards high performance and high-end products to meet the increasing demands of new energy vehicles and 5G technology [21] - Customization and personalization of products are becoming essential as electronic components evolve rapidly [22] - Automation and smart manufacturing are being integrated into production processes to enhance efficiency and reduce costs [24]

行业研究丨深度报告丨金属、非金属与采矿 [Table_Title] 长夜渐明，星图已显——能源金属行业 2025 年 度中期投资策略 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 全球有色资源分布不均，世界格局风云变化，战略资源成为各国兵家必争之地，战略金属价值 重估仍将继续，供给仍为核心线索。不同于过去以交易宏观需求复苏为主的有色轮动顺序，今 年以来战略金属走出了相较于有色指数及基本金属较强的超额收益，供给成为核心催化主线。 分析师及联系人 [Table_Author] 王鹤涛 王筱茜 许红远 SAC：S0490512070002 SAC：S0490519080004 SAC：S0490520080021 SFC：BQT626 肖百桓 周相君 SAC：S0490522080001 请阅读最后评级说明和重要声明 2 / 31 金属、非金属与采矿 cjzqdt11111 [Table_Title 长夜渐明，星图已显——能源金属行业 2] 2025 年 度中期投资策略 [Table_Summary2] 战略金属价值重估，供给为核心主线 ...

Core Viewpoint - The non-ferrous metal sector has recently outperformed the market, with various metals experiencing significant price increases, particularly copper, which has reached a three-month high [1][3]. Price Movements - International copper prices have surged, with LME copper futures breaking the $10,000 per ton mark, marking a three-month high [1][4]. - The non-ferrous metal index has risen by 8.74% over the past month, ranking second among 31 Shenwan industry indices [4]. Market Drivers - The rise in copper prices is attributed to traders stockpiling copper in the U.S. ahead of potential tariff increases by the Trump administration [3][5]. - Factors supporting copper prices include a weak dollar, supply constraints, and strong consumption [5]. Supply and Demand Dynamics - LME copper inventories have dropped to 90,000 tons, the lowest level since August 2023, contributing to the price surge [4]. - The supply side is constrained due to previous energy shortages and recent tariff-induced inventory tightness [5]. Future Outlook - Analysts predict a potential bottom reversal for the non-ferrous metal sector, driven by a shift in macroeconomic policies emphasizing growth and increased capital expenditure due to a new round of Fed rate cuts [7]. - The sector is expected to benefit from a mismatch in supply and demand, profit recovery, and liquidity easing [7]. Investment Opportunities - Investment opportunities are identified in gold, copper, aluminum, and new materials, with a focus on the Fed's interest rate decisions and U.S. tariff uncertainties [10][11]. - The gold sector is particularly favored due to its safe-haven value amid global economic uncertainties and geopolitical conflicts [12]. Emerging Materials - High-growth new materials such as rare metals and advanced materials like graphene and carbon fiber are gaining attention for their strategic value and broad application prospects in high-end industries [12].