Napeep Miner suddenly halts investment in overseas copper, gold, and silver mining projects! Over 100 institutions have shown up for research!

This week, institutional research enthusiasm remains high. Data shows that as of 4:00 PM on February 6, a total of 113 A-share listed companies have disclosed institutional investor research records. In terms of profitability effects, 50% of the researched companies saw their stock prices rise this week, with Zeyun New Energy leading with a 70.84% weekly increase, Oulai New Materials up 32.25%, Triangle Defense up 19.14%, and companies like Ruiming Technology, Sanfo Outdoor, Yamaton, Guoneng Rixin, Whirlpool, and others rising over 10%. Among them, Zeyun New Energy, Oulai New Materials, Guoneng Rixin, Huanxu Electronics, and Tongda Chuangzhi recently hit record highs.

In terms of popular targets, Naipu Mining Machinery, Huanxu Electronics, and Dajin Heavy Industry were surveyed by over 100 institutions this week, while Obibright, BGI, Guoneng Rixin, and Ruiming Technology were surveyed by more than 50 institutions.

Naipu Mining Machinery terminates overseas mine project investment

Naipu Mining Machinery (300818) was surveyed by 113 institutions this week. On the evening of February 3, Naipu Mining Machinery announced it would terminate the subscription of Swiss Verida Resources equity and simultaneously abandon further investment in the Alacran copper-gold-silver mine project in Colombia, attracting institutional attention.

Regarding the reasons for terminating the Colombian mine project investment, Naipu Mining Machinery stated during research that: first, there were significant changes in the equity transfer conditions, including major changes to the payment terms, increasing future project risks; second, the political, economic environment, policies, and legal regulations in Colombia, where the project resources are located, have increased risks; third, the company’s risk tolerance is limited, and this investment would significantly impact the company’s future main business operations. The total investment amount reached $146 million (about RMB 1.02 billion), accounting for 56% of the company’s net assets.

Naipu Mining Machinery said it will continue to implement a dual-wheel development strategy: on one hand, improve global production layout and strengthen its main business of mineral processing wear-resistant spare parts; on the other hand, it will continue to focus on investment opportunities in mineral resources, prioritizing countries and regions with relatively stable political situations such as Central Asia and Southeast Asia, while considering the company’s risk tolerance to make appropriate-scale investments.

Currently, copper and gold prices are high, and institutions are paying attention to whether downstream customers of Naipu Mining Machinery will increase capital expenditure. In response, Naipu Mining Machinery stated that there is a significant upward trend in downstream customers’ willingness to increase capital expenditure. For example, Zijin’s Julong Copper Mine Phase II was put into operation in January, and after reaching full capacity, ore processing volume will increase from 45 million tons to over 105 million tons. This will initially boost the company’s complete machine sales, and the sales of spare parts and consumables in the aftermarket will also enter a prosperous upward trend.

Huanxu Electronics’ performance in 2024 draws attention

Huanxu Electronics was also surveyed by 113 institutions this week, including Ruoyuan Fund, CITIC Securities, HSBC Qianhai Securities, Shanxi Securities, Guotai Haitong Securities, and others. The institutions focused on the company’s Q4 2025 operating performance, various business performances, and the impact of storage price increases on the company’s operations.

Huanxu Electronics introduced that its revenue for Q4 2025 was 15.55 billion yuan, a decrease of 5.3% quarter-on-quarter and 6.8% year-on-year. The total revenue for 2025 was 59.20 billion yuan, down 2.5% year-on-year, mainly due to the decline in product prices driven by lower material procurement costs for WiFi modules and the downturn in the automotive electronics business. “Currently, the company’s revenue from AI acceleration cards has seen rapid growth over the past few years, driven by strong demand from CSP customers. The AI server motherboard business is also actively communicating with customers, hoping to see business opportunities from Q4 2026 to Q1 2027.”

When asked whether storage price increases would put significant pressure on major customers’ consumer electronics shipments, Huanxu Electronics responded that its major customer products include mobile phones, watches, and earphones. During the storage price increase process, they believe that their products’ cost-performance ratio will be better than other brands.

“In smart glasses, we have a better outlook for SiP applications. Besides WiFi modules and MLB, we have new cooperation opportunities with customers in biometric identification, displays, and audio. This year is the first year of our glasses business expansion. We hope to work well with customers and help expand to other clients. We also plan to continue increasing investment in SiP to build a stronger competitive threshold,” Huanxu Electronics stated.

Dajin Heavy Industry’s offshore wind base receives research

Dajin Heavy Industry hosted 109 institutional investors for research on its offshore wind base. According to Dajin Heavy Industry, the Caofeidian Deep Sea Offshore Wind Base aims to become a world-class super factory capable of mass production of ultra-large offshore wind fixed and floating foundation structures, aligned with the global offshore wind product planning for the next decade. The base covers over 1,300 acres, with an annual designed capacity of 500,000 tons, mainly producing ultra-large, heavy-duty monopile foundations, jackets, floating foundations, and other products suitable for 15MW–25MW wind turbines.

Dajin Heavy Industry stated that in the future, the Caofeidian deep-sea offshore wind base will coordinate with the European assembly base to form a capacity structure of “R&D in Europe, testing in China, manufacturing domestically, and final assembly in Europe,” addressing current industry pain points such as high costs, low delivery efficiency, and difficult multi-link collaboration in deep-sea wind power development.

“By 2026, the main deliveries will be overseas monopile projects and a few offshore tower export projects, mainly using DAP delivery mode.” Dajin Heavy Industry said that it has gradually set up docks in Denmark, Germany, and Spain to meet different regional project needs. The layout of overseas docks is based on project requirements, aiming to enhance local assembly and service capabilities, ultimately improving project delivery capacity and profitability.