截至2025年12月26日收盘，亨通股份(600226)报收于5.18元，下跌1.15%，换手率2.21%，成交量65.81万 手，成交额3.4亿元。 当日关注点 交易信息汇总资金流向 12月26日主力资金净流出895.22万元，占总成交额2.63%；游资资金净流入703.6万元，占总成交额 2.07%；散户资金净流入191.62万元，占总成交额0.56%。 公司公告汇总 浙江亨通控股股份有限公司关于子公司获得政府补助的公告 浙江亨通控股股份有限公司全资子公司亨通精密铜箔科技（德阳）有限公司近日收到政府补助 38,827,714.17元，其中与资产相关的补助18,827,714.17元，占公司2024年度经审计归属于上市公司股东 净资产的0.55%；与收益相关的补助20,000,000.00元，占公司2024年度经审计归属于上市公司股东净利 润的10.56%。自股权收购完成至本公告披露日，亨通铜箔累计已收到相关政府补助51,177,081.69元，公 司已按合同约定支付部分股权转让款，本次收款后将再支付9,225,573.59元。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备3101043457 ...

Industry Overview - The current copper industry chain in China is facing challenges characterized by "tight raw material imports, severe smelting competition, and difficult processing survival" [1] - Copper prices have shown a "roller coaster" trend this year, with the main futures contract experiencing significant fluctuations, reaching a peak before a sharp decline [2] - Analysts predict that copper prices will fluctuate between 75,000 to 83,000 yuan/ton in the coming month, with a strong resistance to decline in the medium to long term [1][3] Supply and Demand Dynamics - The core contradiction in the recent high-level copper price fluctuations is the "strong reality versus weak expectations" [2] - Domestic social inventory is at a historically low level, and actual copper consumption in China remains strong, supported by investments in power grids, home appliances, and new energy sectors [2] - Supply-side challenges include ongoing tightness in copper concentrate supply and expectations of production cuts at overseas smelting plants [2][3] Profitability and Business Strategies - The copper industry chain is currently under pressure, with upstream mining companies facing rising costs, midstream smelting companies forced to reduce production due to negative processing fees, and downstream processing companies struggling with unstable overseas trade [4] - Companies are adopting strategies such as exploring domestic and international copper resource supply sources and expanding recycled copper resources to ensure supply chain reliability [4] - The proportion of high-end products in copper processing is expected to increase significantly, with high-end products projected to account for 28% of total copper processing materials by 2025, up from 12% in 2020 [4][5] Transition to High-End Products - The copper processing industry is accelerating its transition to high-end products, with companies like Jintian Co. focusing on new energy sectors and advanced technologies [6] - The demand for high-purity copper and environmentally friendly products is increasing, necessitating continuous R&D and product iteration to meet higher technical requirements from downstream clients [6][7] - Jintian Co. employs a pricing strategy based on "raw material prices + processing fees," with profits primarily derived from processing fees [6] Risk Management - To mitigate risks associated with copper price fluctuations, companies like Jintian Co. engage in hedging based on order and production needs [7] - Commodity trading service providers are also playing a role in optimizing inventory, capacity, and risk management for enterprises in the industry [7]