Core Viewpoint - The company is forecasting a net loss for the first half of 2025, with expected losses ranging from 6 million to 9 million yuan, indicating a significant decline compared to the previous year's performance [1][2]. Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -6 million and -9 million yuan [2]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between -6.5 million and -9.5 million yuan [3]. Previous Year Comparison - In the same period last year, the net profit attributable to shareholders was 36.8263 million yuan, and the net profit after excluding non-recurring gains and losses was 32.9181 million yuan [4]. Earnings Per Share - The earnings per share for the previous year was reported at 0.101 yuan [5]. Reasons for Expected Loss - The company's revenue and profitability from its plastic and textile machinery businesses are expected to remain stable in the first half of 2025. However, the lithium battery new materials business has not shown significant improvement and remains unprofitable [6]. - The textile business, which constitutes a significant portion of the company's revenue, saw a recovery in product prices and gross margins starting mid-June 2025, but overall pricing and margins in the second quarter remained low, contributing to the anticipated losses [6].

会议预告 2025高工新能源新材料产业大会 —— 新材料·新动能·新生态 主办单位： 高工锂电、 高工储能、高工产业研究院（GGII） 总冠名： 英联复合集流体 会议时间： 2025年7月8日-9日 会议地点： 四川·成都·邛崃·羊安新城会议中心（四川省成都市邛崃市崃岭大道299号） 文末扫码报名 | | 开幕式:多元需求共振下电池材料变局 | | | --- | --- | --- | | 14:15-14:35 | 全场景 大需求 新格局 | 高工锂电 董事长 张小飞博士 | | 14:35-14:55 | 新材料应用驱动电池迭代升级 | 中创新航 人员待定 | | 14:55-15:15 | 复合集流体产业化应用与规模化破局 | 英联复合集流体 研究院副院长 | | | | 步绍宁 | | 15:15-15:35 | 材料、工艺、装备协同 锻造综合供应商长板 | 璞泰来 人员待定 | | 15:35-15:50 | 展台参观与休息 | | | 15:50-16:10 | 富锂锰基正极材料产业化与市场破局 | 中国科学院宁波材料所研究员、国 | | | | 家石墨烯创新中心主任 | | | | 宁波富理 ...

Core Viewpoint - Dazhong Mining (001203.SZ) is planning to invest in a new lithium battery material project while discovering lithium resources that exceed expectations, indicating strong growth potential for the company [1][2]. Group 1: New Project Announcement - The company plans to construct a "3000 tons per year lithium battery material project" in Linwu County with a total investment of 1 billion yuan [2]. - The project will be developed in three phases: Phase 1 focuses on research and development, to be completed by 2025; Phase 2 involves building a production line with a capacity of 1000 tons, scheduled to start in April 2026 and be completed by the end of 2027; Phase 3 aims for a 2000 tons production line, starting in June 2027 and completed by the end of 2028 [2]. - The project is part of the company's strategic layout to enhance competitiveness and profitability in the lithium battery materials market [2]. Group 2: Resource Discovery and Advantages - Dazhong Mining has confirmed that the lithium resources at its Sichuan Jiada Lithium Mine exceed expectations, with a total lithium carbonate equivalent of over 4.72 million tons [1][6]. - The company currently holds 3.24 million tons of lithium carbonate equivalent in Linwu County and has established a complete industrial chain for lithium mining and processing [2][6]. - The exploration area for the Sichuan Jiada Lithium Mine is 21.2247 square kilometers, with significant potential for future resource expansion [6]. Group 3: Financial Performance and Market Trends - In 2024, the company's revenue was 3.843 billion yuan, a decrease of 4.01% year-on-year, while net profit fell by 34.17% to 751 million yuan [5]. - The average price of lithium carbonate in 2024 was approximately 90,000 yuan per ton, with fluctuations throughout the year influenced by market conditions [5]. - The company has completed a project to enhance the quality and efficiency of its sulfuric acid production, which is essential for solid-state battery technology [3].

6月18日晚间，大中矿业公告称，公司与临武高新技术产业开发区管理委员会签署了《投资协议书》，拟在临武县投资建设"年产3000吨金 属锂电池新材料项目"，项目总投资达10亿元，这标志着大中矿业在新能源领域的战略布局进一步提速。 据悉，该项目将分三期进行建设。其中，一期为科研攻关阶段，计划在2025年完成金属锂电池新材料的研发、小试以及中试工作，为后续的 生产打下坚实的技术基础；二期则规划投资建设年产1000吨金属锂电池新材料生产线，预计于2026年4月开工建设，并在2027年底建成投 产；三期将继续扩大生产规模，规划建设年产2000吨金属锂电池新材料生产线，按照计划，该生产线将在2027年6月开工建设，并于2028年 底建成投产。整个项目的合作期限为2025年6月至2030年5月。 倒计时21天 2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 活动主题： 换电之城 智慧两轮 主办单位： 起点锂电、起点钠电、起点两轮车及换电 活动时间： 2025年7月10-11日 活动地点： 深圳宝安登喜路国际酒店 圳举办 点击阅读原文，即可报名参会！ 目前，大中矿业在临武县已拥有324万吨碳酸锂当量，并配套建设了 ...

Group 1 - The liquidity easing may not be sustainable, with a gradual entry into semi-annual funding assessments starting in late June, leading to weaker fluctuations in on-site liquidity [1][14] - The U.S. stock market showed mixed results, with the Dow Jones Industrial Average down 44.14 points, or 0.10%, while the Nasdaq rose by 0.13% [4] - The Nasdaq China Golden Dragon Index fell by 0.8%, with notable declines in major Chinese tech stocks such as JD.com, Baidu, Alibaba, and NetEase [5] Group 2 - The Federal Reserve maintained the federal funds rate range at 4.25%-4.50%, aligning with market expectations, while also lowering economic growth forecasts and raising inflation predictions [6] - The Central Financial Committee issued opinions to support the construction of Shanghai as an international financial center, focusing on high-quality development of multi-level equity markets and enhancing the competitiveness of the Shanghai financial center [7] - The China Securities Regulatory Commission announced that starting from October 9, 2025, qualified foreign investors will be allowed to participate in on-site ETF options trading, aimed at expanding investment opportunities for foreign institutions [9] Group 3 - Yinstar plans to invest 650 million yuan in a rare earth permanent magnet materials integrated application project in Baotou, which will enhance the company's market position in various motor applications [11][12] - Dazhong Mining intends to invest 1 billion yuan in a project to produce 3,000 tons of lithium battery materials annually, aligning with the trends in the new energy industry [13] - Wolong Electric Drive is planning to issue shares and list on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness, with specific details yet to be determined [14]

Core Viewpoint - Dazhong Mining plans to invest 1 billion yuan in a lithium battery project, aiming to establish a second growth curve amid declining revenues from its traditional iron ore business [2][4]. Investment Project Details - The project will be constructed in three phases: - Phase 1 focuses on research and development, expected to complete by 2025 [4]. - Phase 2 involves building a production line with an annual capacity of 1,000 tons, scheduled to start in April 2026 and finish by the end of 2027 [4]. - Phase 3 plans for a 2,000-ton production line, set to begin in June 2027 and complete by the end of 2028 [4]. - The lithium battery materials are noted for their high specific capacity, aligning with the trends in the upgraded new energy industry [4]. Financial Performance - In 2024, Dazhong Mining's total revenue was approximately 3.84 billion yuan, a decrease of 4.01% from 2023 [8][9]. - The main products, iron concentrate and pellets, contributed over 90% of the revenue, with iron concentrate revenue dropping by 22.04% [6][8]. - The net profit for 2024 was 751 million yuan, down 34.17% year-on-year [9]. Market Conditions - The iron ore market is experiencing a downturn, with the average price index for iron ore (62% grade) falling by 8.7% in 2024 [8][11]. - Dazhong Mining's lithium projects have yet to generate revenue, with significant investments made since 2022 totaling over 4.2 billion yuan for lithium resource acquisitions [11][9]. - The price of lithium carbonate has been volatile, with a peak of 81,680 yuan per ton in January 2024, dropping below 60,000 yuan by May [11]. Company Valuation - As of June 18, Dazhong Mining's stock closed at 10.07 yuan per share, with a market capitalization of approximately 15.19 billion yuan [13].

斥资10亿元布局金属锂 【 导读】大中矿业 拟 投资10亿元建设锂电项目，自2022年布局以来该业务尚未有业绩贡献 中国基金报记者 牛思若 曾因"天价"买锂矿而备受关注的大中矿业再度出手。 6月18日，大中矿业发布 公告称，公司拟在临武县建设"年产3000吨金属锂电池新材料项 目"，项目总投资10亿元。 2024年，大中矿业营收、净利双双下滑， 在传统铁矿业务承压的背景下，大中矿业正全力推 进锂矿项目，以期 开拓 第二增长曲线。然而，大中矿业为了进军锂矿耗资不菲， 但 其重金 投入的锂矿项目尚未实现业绩转化，叠加锂资源行业周期性波动与碳酸锂价格持续 下 探，项 目长期回报的确定性面临严峻考验。 大中矿业表示， 金属锂电池材料具有高比容量的显著优势，是高性能电池的重要原材料，符 合新能源产业升级的发展趋势。 此外，大中矿业称， 目前 公司 在临武县拥有324万吨碳酸锂当量，并配套建设了锂矿采选及 碳酸锂加工项目，形成了采选冶于一体的完整产业链，搭建起锂电新能源材料产业基础。 主营业务承压 6月18日， 大中矿业 发布 公告称，公司与临武高新技术产业开发区管理委员会签署《投资协 议书》，拟投资10亿元建设"年产3 ...

Investment Overview - The company has signed an investment agreement with the Linwu High-tech Industrial Development Zone Management Committee to establish a project for producing 3,000 tons of metal lithium battery materials annually, with a total investment of 1 billion yuan [1][2] - The project is part of a strategic layout aimed at enhancing the company's competitiveness and profitability in the lithium battery materials sector [3][4] Project Phases and Timeline - The project will be developed in three phases: - Phase 1 involves research and development of metal lithium battery materials, expected to be completed by 2025 - Phase 2 plans to construct a production line with an annual capacity of 1,000 tons, scheduled to start in April 2026 and be completed by the end of 2027 - Phase 3 aims to build an additional production line with a capacity of 2,000 tons, projected to commence in June 2027 and be operational by the end of 2028 [2][3] Strategic Importance - The investment aligns with the trend of upgrading the new energy industry, as metal lithium battery materials are crucial for high-performance batteries, particularly solid-state batteries [3] - The company already possesses 3.24 million tons of lithium carbonate equivalent in Linwu County, establishing a complete industrial chain for lithium mining and processing [3] Agreement Details - The agreement stipulates that the project must comply with national industrial policies and local planning requirements, with independent accounting and management by the company [2][3] - The management committee will assist the company in obtaining necessary permits and resolving external issues related to project construction [2] Risk and Impact - While the investment is a strategic decision for long-term benefits, it may still face market risks, and the agreement will not have an immediate impact on the company's current operations and financial status [4] - The company will conduct feasibility studies and technical analyses before finalizing the project implementation [3][4]

越南生产基地具备相比国内低廉1/3以上的能源、人工成本优势、相对更低的税费负担，以及更符合美 国、西欧等国优化供应链需求的区位优势。根据最新关税政策，泰国、越南、印尼等地出口至美国货物 暂停征收关税90天，"对等关税"调整至10%，公司越南生产基地仍旧保持低税率区位优势。 展望未来，康隆达表示将继续坚持实施"锂盐新材料+手部防护"双轮驱动与"国内+越南"双基地的发展战 略，并通过"内生发展+外延并购"手段，推动公司新品研发及业务开拓。（厉平） 在超高分子量聚乙烯纤维业务领域，康隆达是国内最早实现产业化的企业之一。目前，公司现已具备2 条干法生产线和3条湿法生产线，并在"预溶胀解缠纺丝母料的技术开发""0.7-3.9D 单丝可控多规格纤维 的开发及产业化技术""绳缆用高强-高耐磨-抗蠕变纤维的开发及产业化技术"等方面都实现了量产及突 破。 4月29日晚，康隆达（603665）（603665.SH）发布了2025年一季度报告，公司一季度实现营业收入3.80 亿元，同比增长42.18%；实现归母净利润1.14亿元、扣非净利润2984.76万元，实现扭亏为盈并大幅增 长。 太平洋证券最新研报指出，超高分子量聚乙烯具备 ...