长篇纪实《中国企业力量》 ——罗苏与兴发品牌传奇 从回收废旧有色金属以熔铸成品，再到"变废为宝"——铝合金型材生产，大沥人只有这时才确信自己有"化腐朽为神奇"的能力，在看到罗苏的兴发铝型材厂 和邝梁合伙的谢边铝型材厂产品火热行销，"生产铝型材的机器就像印银纸机器一样"，是一个新兴的"暴利"行当时（初时铝型材生产每吨可获利1万元以 上），大沥人像注入了兴奋剂，从80年代末到90年代初，短短几年间，就相继开办了七八十间铝型材厂——诸如今日作为全国铝型材十大企业之一的凤铝铝 材厂（1990年）、亚洲铝材厂（1992年）、坚美铝材厂（1993年）等，及至2003年，大沥拥有铝型材厂120多家，从业人员80000多人，年产量达50多万吨， 占全国的40%，占广东的60%。大沥形成了以建筑铝型材为主，以工业铝材、工艺铝材、装饰铝材为补充的产业发展态势，并逐步构成铝材及相关行业发展 的产业链，建立起涵盖技术、研发、物流、交易、行业会展、信息交流以及国际合作平台等完备的产业体系，被中国建筑金属结构协会授予"中国铝材第一 镇"称号。 我们再转过身，看到与兴发所在的南庄镇相邻的南海所属几个镇，譬如丹灶、官窑、狮山、罗村等镇（街道 ...

证券日报网讯 中金岭南11月21日发布公告，在公司回答调研者提问时表示，阴极铜具有广泛的用途， 可以应用于电子工业、机械工业、建筑工业、化工工业、航空航天工业和食品工业等领域。报告期内公 司其他产品包括铝门窗、铝型材、电池锌粉、片状锌粉、冲孔镀镍钢带、复合金属材料和双金属原件、 电工触头材料及元件等，广泛运用于建筑工程、汽车部件、轨道交通及电池材料。 （编辑 袁冠琳） ...

Core Points - Ningbo Fubon experienced a decline of 5.07% on November 19, with a stock price of 12.93 CNY per share and a total market capitalization of 1.729 billion CNY [1] - The company, established on December 20, 1981, and listed on November 11, 1996, primarily engages in the production, processing, and sales of aluminum profiles, as well as the storage and trading of aluminum casting rods [1] - The revenue composition of the company is predominantly from product sales, accounting for 99.87%, with operating leasing contributing 0.13% [1] Fund Holdings - According to data, Huian Fund holds a significant position in Ningbo Fubon through its Huian Multi-Strategy Mixed A Fund (005109), which held 143,500 shares as of the third quarter, representing 0.93% of the fund's net value [2] - The estimated floating loss for the fund today is approximately 99,000 CNY [2] - The Huian Multi-Strategy Mixed A Fund was established on November 22, 2017, with a current scale of 84.4885 million CNY and has achieved a year-to-date return of 54.68% [2] Fund Manager Performance - The fund manager of Huian Multi-Strategy Mixed A Fund is Liu Yucai, who has been in the position for 4 years and 326 days [3] - Under Liu's management, the fund's total asset scale is 1.99 billion CNY, with the best return during his tenure being 56.89% and the worst return being -17.08% [3]

本文为节选内容 更多报告，关注公众号：矿产资源市场调研 铝产业链包括"铝土矿-氧化铝-电解铝-铝制品-再生铝"等几个环节。从开采得到的含铝矿石中制备得到氧化铝，然后以氧化铝、烧碱等为原料，用熔盐电解 的方式冶炼制取原铝（电解铝），再通过压延、挤压等方式进一步加工成铝带箔、铝型材、铝合金等产品，相关产品主要应用于建筑、交通、电力电子、耐 用消费品等下游行业。 铝土矿是生产氧化铝的核心要素，碱法是当前主流的工业化生产方式。铝土矿是一水软硬铝石及三水铝石为主的矿石，表现形态为高岭土、赤铁矿及石英 等，储量形态以红土型铝土矿为主。铝土矿下游需求的90%为生产氧化铝，而全球超过90%的氧化铝又以铝土矿作为生产原材料，因此铝土矿作为氧化铝必 备的生产要素具有显著的不可替代性。而生产方式上，铝土矿生产氧化铝大致可分为四类，分别是碱法、酸法、酸碱联合法和热法，其中碱法是当前主流的 氧化铝生产方式。所谓碱法生产就是用碱来分离铝土矿中的氧化铝（转变成铝酸钠溶液）及赤泥（铁、钛等不溶解化合物残渣），分解过后的铝酸钠溶液再 进行进一步的解析从而得到氢氧化铝，然后通过进一步的焙烧得到氧化铝产品。 全球铝土矿资源分布呈明显的区域性集中特 ...

Core Viewpoint - The company, Minfa Aluminum, has a pricing model based on "aluminum ingot prices + processing fees," which mitigates the impact of raw material price increases on profits. The company is focusing on product structure upgrades and market diversification to address insufficient downstream demand [1]. Group 1: Pricing and Profitability - The company's product pricing is linked to the Shanghai Changjiang or Guangdong Nanhai spot market prices for aluminum ingots, which limits the impact of raw material price fluctuations on profitability [1]. Group 2: Strategic Initiatives - To enhance product value and avoid low-end market competition, the company plans to upgrade its product structure and develop new products, aiming to increase gross margins [1]. - The company is committed to increasing investment in technology research and development to boost patent numbers and strengthen core competitiveness [1]. - The company aims to diversify its market presence by actively exploring overseas markets, particularly in emerging markets, to reduce reliance on the domestic market [1]. - The company is focusing on high-growth sectors such as new energy vehicle profiles, photovoltaic profiles, and rail transit profiles to identify new growth opportunities [1]. Group 3: Operational Efficiency - The company is implementing lean production and sustainable development practices, enhancing cost control, and upgrading technology and equipment to reduce waste and labor costs, thereby improving production efficiency [1].

Core Viewpoint - The company, Haomei New Materials, announced a plan to issue shares to specific investors, aiming to raise up to approximately 1.897 billion yuan for various projects, including capacity expansion and technological upgrades [1] Group 1: Share Issuance Details - The board of directors approved the issuance of shares to no more than 35 specific investors [1] - The number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, which amounts to a maximum of 74.9255 million shares [1] - The issuance price will be no less than 80% of the average stock price over the 20 trading days prior to the pricing date [1] Group 2: Fund Utilization - The raised funds will be allocated to several projects, including: - Expansion of high-performance aluminum profile and component production capacity in East China - Expansion of high-performance aluminum profile and component production capacity in South China - Construction of a research and innovation center - Intelligent technology transformation of the South China production base - Supplementing working capital [1] Group 3: Financial Performance - For the first half of 2025, the company's revenue composition is as follows: - Aluminum profile sales account for 91.12% - Window and curtain wall sales account for 8.46% - Other sales account for 0.42% [1] - As of the report date, the company's market capitalization is 10.4 billion yuan [1]

Core Viewpoint - Haomei New Materials (SZ 002988) announced the convening of its fifth board meeting on November 17, 2025, to discuss the proposal for the third extraordinary shareholders' meeting of 2025 [1] Group 1: Company Financials - For the first half of 2025, Haomei New Materials reported that aluminum profile sales accounted for 91.12% of its revenue, while window and curtain wall sales made up 8.46%, and other sales contributed 0.42% [1] - As of the announcement, Haomei New Materials has a market capitalization of 10.4 billion yuan [1]

11月17日，南山铝业盘中下跌2.12%，截至09:39，报5.08元/股，成交2.86亿元，换手率0.48%，总市值 589.97亿元。 资金流向方面，主力资金净流出2615.18万元，特大单买入1605.42万元，占比5.60%，卖出3208.42万 元，占比11.20%；大单买入3680.45万元，占比12.85%，卖出4692.63万元，占比16.38%。 南山铝业今年以来股价涨34.39%，近5个交易日跌2.50%，近20日涨26.68%，近60日涨20.95%。 今年以来南山铝业已经1次登上龙虎榜，最近一次登上龙虎榜为10月29日，当日龙虎榜净买入3.99亿 元；买入总计5.56亿元 ，占总成交额比19.49%；卖出总计1.57亿元 ，占总成交额比5.50%。 南山铝业所属申万行业为：有色金属-工业金属-铝。所属概念板块包括：有色铝、电池箔、空客概念、 低价、通用航空等。 截至9月30日，南山铝业股东户数18.37万，较上期增加11.00%；人均流通股63218股，较上期减少 9.91%。2025年1月-9月，南山铝业实现营业收入263.25亿元，同比增长8.66%；归母净利润37.72亿元， 同 ...

Group 1 - The core point of the news is that Conch New Materials experienced a decline of 5.05% in its stock price, reaching 7.33 CNY per share, with a trading volume of 241 million CNY and a turnover rate of 9.01%, resulting in a total market capitalization of 3.234 billion CNY [1] - Conch New Materials, established on October 16, 1996, and listed on October 23, 1996, is located in Wuhu City, Anhui Province. The company specializes in the manufacturing and sales of plastic profiles, sheets, doors and windows, hardware products, and steel keel, as well as wholesale and retail of building and decorative materials [1] - The revenue composition of Conch New Materials includes aluminum profiles (50.67%), plastic profiles and sheets (24.21%), environmental new materials (9.88%), doors and windows (7.69%), and other industries and services (7.54%) [1] Group 2 - From the perspective of the top ten circulating shareholders, Jinyuan Shun'an Fund has a fund that ranks among the top ten shareholders of Conch New Materials. The fund, Jinyuan Shun'an Yuanqi Flexible Allocation Mixed (004685), entered the top ten shareholders in the third quarter, holding 2.3939 million shares, which accounts for 0.66% of the circulating shares. The estimated floating loss today is approximately 933,600 CNY [2] - Jinyuan Shun'an Yuanqi Flexible Allocation Mixed (004685) was established on November 14, 2017, with a latest scale of 1.432 billion CNY. Year-to-date returns are 46.34%, ranking 1385 out of 8140 in its category; the one-year return is 48.65%, ranking 676 out of 8056; and since inception, the return is 583.4% [2]

Core Points - The stock price of Conch New Materials has increased by 5.08% on November 13, reaching 8.27 CNY per share, with a trading volume of 616 million CNY and a turnover rate of 23.26%, resulting in a total market capitalization of 3.648 billion CNY. The stock has risen for four consecutive days, with a cumulative increase of 21.83% during this period [1] Company Overview - Conch (Anhui) Energy-saving and Environmental Protection New Materials Co., Ltd. is located in Wuhu City, Anhui Province, and was established on October 16, 1996, with its listing date on October 23, 1996. The company’s main business includes the manufacturing and sales of plastic profiles, sheets, doors and windows, hardware products, and steel keel, as well as wholesale and retail of building and decorative materials [1] Revenue Composition - The revenue composition of Conch New Materials is as follows: aluminum profiles account for 50.67%, plastic profiles and sheets for 24.21%, environmental new materials for 9.88%, doors and windows for 7.69%, and other industries and services for 7.54% [1] Shareholder Information - Among the top ten circulating shareholders of Conch New Materials, a fund under Jinyuan Shun'an Fund ranks first. The Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund (004685) entered the top ten circulating shareholders in the third quarter, holding 2.3939 million shares, which is 0.66% of the circulating shares. The estimated floating profit today is approximately 957,600 CNY, with a total floating profit of 3.3754 million CNY during the four-day increase [2] Fund Performance - The Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund (004685) was established on November 14, 2017, with a current scale of 1.432 billion CNY. Year-to-date returns are 45.35%, ranking 1268 out of 8145 in its category; the one-year return is 48.17%, ranking 612 out of 8059; and since inception, the return is 578.79% [2] Fund Manager Information - The fund manager of Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund (004685) is Miao Weibin, who has a cumulative tenure of 8 years and 335 days. The total asset scale of the fund is 1.432 billion CNY, with the best fund return during his tenure being 577.65% and the worst being -28.79% [2]