资金流向方面，主力资金净流入796.48万元，特大单买入7476.38万元，占比13.27%，卖出7763.41万 元，占比13.78%；大单买入1.52亿元，占比27.01%，卖出1.41亿元，占比25.08%。 截至9月30日，云铝股份股东户数7.91万，较上期减少8.51%；人均流通股43857股，较上期增加9.30%。 2025年1月-9月，云铝股份实现营业收入440.72亿元，同比增长12.47%；归母净利润43.98亿元，同比增 长15.14%。 分红方面，云铝股份A股上市后累计派现60.69亿元。近三年，累计派现38.84亿元。 云铝股份今年以来股价涨0.73%，近5个交易日涨4.52%，近20日涨22.11%，近60日涨63.52%。 资料显示，云南铝业股份有限公司位于云南省昆明市呈贡区七甸街道，成立日期1998年3月20日，上市 日期1998年4月8日，公司主营业务涉及铝土矿开采、氧化铝生产、铝冶炼、铝加工及铝用炭素生产。主 营业务收入构成为：电解铝58.12%，铝加工产品40.67%，其他1.21%。 云铝股份所属申万行业为：有色金属-工业金属-铝。所属概念板块包括：电池箔、燃料电池、稀缺 ...

Group 1 - Yun Aluminum Co., Ltd. experienced a stock price increase of 5.54% on January 5, reaching 34.66 CNY per share, with a trading volume of 326 million CNY and a turnover rate of 0.27%, resulting in a total market capitalization of 120.199 billion CNY [1] - The company, established on March 20, 1998, and listed on April 8, 1998, is located in Kunming, Yunnan Province, and its main business includes bauxite mining, alumina production, aluminum smelting, aluminum processing, and production of carbon products for aluminum [1] - The revenue composition of the company is as follows: electrolytic aluminum accounts for 58.12%, aluminum processing products for 40.67%, and other revenues for 1.21% [1] Group 2 - Xinhua Fund has one fund that heavily invests in Yun Aluminum Co., with the Xinhua Active Value Flexible Allocation Mixed A Fund (001681) holding 67,100 shares, representing 0.99% of the fund's net value, making it the tenth largest holding [2] - The Xinhua Active Value Flexible Allocation Mixed A Fund was established on December 21, 2015, with a current size of 128 million CNY, and has achieved a year-to-date return of 13.26%, ranking 5348 out of 8155 in its category [2] - Since its inception, the fund has generated a return of 48.3% [2]

| 第一部分 前言概要 | 3 | | --- | --- | | 【行情回顾】 | 3 | | 【市场展望】 | 3 | | 【策略推荐】 | 3 | | 第二部分 供给刚性叠加全球短缺 | 铝价存趋势格局 4 | | 一、2025 年铝市场回顾 | 4 | | 二、2026-2030 年全球电解铝供应展望 | 5 | | 三、铝消费虽低增速但存亮点 | 10 | | 四、关于铝的确定性与不确定性 | 17 | | 五、供需平衡与库存预期 | 18 | | 六、宏观与基本面共同影响铝价 | 21 | | 第三部分 | 再生铸造铝合金预计随铝价运行为主 22 | | 一、再生铝合金供需方面 | 22 | | 二、废铝原料方面 | 25 | | 三、再生铝合金价格及价差 | 26 | | 第四部分 氧化铝过剩格局下 寻底路漫漫 | 27 | | 一、2025 年氧化铝市场回顾 | 28 | | 二、氧化铝供应展望 | 29 | | 三、氧化铝供需平衡预期 | 32 | | | | 有色板块研发报告 铝系品种年度报告 2025 年 12 月 31 日 铝价存趋势格局 氧化铝寻底路漫漫 第一部分 前言概要 【行情回 ...

资金流向方面，主力资金净流出5427.46万元，特大单买入8761.13万元，占比10.33%，卖出7963.41万 元，占比9.39%；大单买入1.57亿元，占比18.57%，卖出2.20亿元，占比25.91%。 12月22日，云铝股份盘中上涨2.02%，截至11:15，报29.82元/股，成交8.48亿元，换手率0.83%，总市值 1034.14亿元。 云铝股份今年以来股价涨128.86%，近5个交易日涨9.96%，近20日涨28.42%，近60日涨51.06%。 资料显示，云南铝业股份有限公司位于云南省昆明市呈贡区七甸街道，成立日期1998年3月20日，上市 日期1998年4月8日，公司主营业务涉及铝土矿开采、氧化铝生产、铝冶炼、铝加工及铝用炭素生产。主 营业务收入构成为：电解铝58.12%，铝加工产品40.67%，其他1.21%。 云铝股份所属申万行业为：有色金属-工业金属-铝。所属概念板块包括：电池箔、稀缺资源、有色铝、 低空经济、燃料电池等。 截至9月30日，云铝股份股东户数7.91万，较上期减少8.51%；人均流通股43857股，较上期增加9.30%。 2025年1月-9月，云铝股份实现营业收入 ...

每经AI快讯，华峰铝业（SH 601702，收盘价：20.15元）12月15日晚间发布公告称，公司第五届第三次 董事会会议于2025年12月15日在公司1号会议室以现场结合通讯方式召开。会议审议了《关于对外投资 设立香港全资子公司的议案》等文件。 2024年1至12月份，华峰铝业的营业收入构成为：铝加工占比98.19%，其他业务占比1.81%。 截至发稿，华峰铝业市值为201亿元。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 （记者 王晓波） ...

Core Viewpoint - Yun Aluminum Co., Ltd. has shown significant stock performance with a year-to-date increase of 79.66%, despite a recent decline of 6.29% over the last five trading days [1] Group 1: Stock Performance - As of November 24, Yun Aluminum's stock price reached 23.41 CNY per share, with a market capitalization of 81.185 billion CNY [1] - The trading volume was 8.22 billion CNY, with a turnover rate of 1.03% [1] - The stock has experienced a 2.32% increase over the last 20 days and a 36.82% increase over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Yun Aluminum reported a revenue of 44.072 billion CNY, representing a year-on-year growth of 12.47% [2] - The net profit attributable to shareholders for the same period was 4.398 billion CNY, reflecting a year-on-year increase of 15.14% [2] Group 3: Shareholder and Dividend Information - Since its A-share listing, Yun Aluminum has distributed a total of 6.069 billion CNY in dividends, with 3.884 billion CNY distributed over the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 8.51% to 79,100, while the average number of circulating shares per person increased by 9.30% to 43,857 shares [2][3] - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 269 million shares, an increase of 72.0936 million shares from the previous period [3]

Core Viewpoint - Yun Aluminum Co., Ltd. has shown significant stock performance with an 85.57% increase year-to-date, despite a recent decline of 7.00% over the last five trading days [1] Group 1: Stock Performance - As of November 19, Yun Aluminum's stock price reached 24.18 CNY per share, with a market capitalization of 838.55 billion CNY [1] - The stock has experienced a trading volume of 4.83 billion CNY, with a turnover rate of 0.58% [1] - Year-to-date, the stock has increased by 85.57%, while it has decreased by 7.00% in the last five trading days, increased by 10.61% in the last 20 days, and increased by 43.08% in the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Yun Aluminum reported a revenue of 440.72 billion CNY, representing a year-on-year growth of 12.47% [2] - The net profit attributable to shareholders for the same period was 43.98 billion CNY, reflecting a year-on-year increase of 15.14% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Yun Aluminum was 79,100, a decrease of 8.51% from the previous period [2] - The average number of circulating shares per shareholder increased by 9.30% to 43,857 shares [2] - The company has distributed a total of 60.69 billion CNY in dividends since its A-share listing, with 38.84 billion CNY distributed in the last three years [3]

Group 1 - The core viewpoint of the news is that Wanbangde's stock has experienced significant fluctuations, with a year-to-date increase of 107.62% but a recent decline of 9.25% over the last five trading days [1] - As of November 19, Wanbangde's stock price was reported at 13.35 yuan per share, with a total market capitalization of 8.166 billion yuan [1] - The company has seen a net inflow of main funds amounting to 503,000 yuan, with large orders showing a mixed buying and selling trend [1] Group 2 - Wanbangde Medical Holdings Group Co., Ltd. was established on March 31, 1999, and listed on November 20, 2006, with its main business involving the production and sales of aluminum processing products and medical devices [2] - The revenue composition of Wanbangde includes 41.63% from medical devices, 24.69% from chemical raw materials and preparations, 19.61% from other goods, and 14.07% from traditional Chinese medicine [2] - As of September 30, the number of shareholders decreased by 32.75% to 26,400, while the average circulating shares per person increased by 48.70% to 20,944 shares [2] Group 3 - Wanbangde has distributed a total of 613 million yuan in dividends since its A-share listing, with 122 million yuan distributed over the past three years [3]

Core Viewpoint - Yun Aluminum Co., Ltd. has experienced significant stock price growth this year, with a 100.77% increase, reflecting strong performance in the aluminum industry [1][2]. Financial Performance - For the period from January to September 2025, Yun Aluminum achieved a revenue of 44.072 billion yuan, representing a year-on-year growth of 12.47% [2]. - The net profit attributable to shareholders for the same period was 4.398 billion yuan, showing a year-on-year increase of 15.14% [2]. Stock Market Activity - As of November 14, Yun Aluminum's stock price was 26.16 yuan per share, with a market capitalization of 90.722 billion yuan [1]. - The stock has seen a recent decline of 2.02% in intraday trading, with a trading volume of 160 million yuan and a turnover rate of 0.18% [1]. - The stock has experienced a net outflow of 23.3583 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Yun Aluminum was 79,100, a decrease of 8.51% from the previous period [2]. - The average number of circulating shares per shareholder increased by 9.30% to 43,857 shares [2]. Dividend Distribution - Since its A-share listing, Yun Aluminum has distributed a total of 6.069 billion yuan in dividends, with 3.884 billion yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 269 million shares, an increase of 72.0936 million shares from the previous period [3]. - Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF were among the top ten circulating shareholders, with slight reductions in their holdings [3].

Group 1 - The core viewpoint of the news is that Wanbangde's stock has experienced fluctuations, with a year-to-date increase of 124.11% but a recent decline in the last five and twenty trading days [1][2] - As of November 13, Wanbangde's stock price was 14.41 yuan per share, with a market capitalization of 8.814 billion yuan [1] - The company has seen a net outflow of 503,500 yuan in principal funds, with significant buying and selling activity on the stock [1] Group 2 - Wanbangde's main business segments include medical devices (41.63% of revenue), chemical raw materials and preparations (24.69%), other goods (19.61%), and traditional Chinese medicine (14.07%) [1] - For the period from January to September 2025, Wanbangde reported operating revenue of 1.018 billion yuan, a year-on-year decrease of 5.28%, and a net profit attributable to shareholders of 4.4678 million yuan, down 90.22% year-on-year [2] - The company has a total of 26,400 shareholders as of September 30, with a decrease of 32.75% from the previous period, and an increase of 48.70% in average circulating shares per shareholder [2] Group 3 - Since its A-share listing, Wanbangde has distributed a total of 613 million yuan in dividends, with 122 million yuan distributed over the past three years [3]