Alloy Investment (000633) Price Surge: Drivers and Market Outlook

Comprehensive Analysis

Alloy Investment (000633) is a company engaged in nickel-based alloy bars and wires, with products used in aerospace, petrochemicals, and auto batteries [0]. Recent market performance has been strong, with continuous price surges and a 10.03% increase on November 14 [1,4]. Key drivers include:

1. Performance Growth: 2025 Q3 revenue reached 2.30 billion yuan, up 54.61% YoY; net profit was 725.81 million yuan, up 124.87% YoY [0].
2. Control Change: The controlling shareholder changed from 广汇能源 to 九洲恒昌 in October 2025, with actual control shifting to Wang Yunzhang [3].
3. New Energy Business Expansion: The company launched a new energy heavy truck business in Hami’s Naomaohu area, operating 150 electric heavy trucks (50 self-purchased,100 leased) [0].
4. Metal New Material Concept: Its products cover high-end sectors like aerospace and auto batteries, aligning with market trends [0].

However, shareholder 招银叁号减持 383.71万股 on November13, reducing its stake to below5% [5,6].

Key Insights

• The combination of performance growth, new energy business expansion, and control change has created a positive feedback loop in market sentiment.
• The new energy heavy truck business diversifies the company’s revenue streams beyond traditional metal materials, opening up long-term growth potential.
• The shareholder减持 may reflect short-term profit-taking but does not undermine the long-term positive outlook from the company’s strategic shifts.

Risks and Opportunities

Risks:

1. Short-term price volatility due to shareholder减持 [5,6].
2. Execution risks in scaling the new energy heavy truck business.

Opportunities:

1. Further expansion of the new energy heavy truck fleet in Hami and other regions.
2. Leveraging the metal new material concept to capture demand in high-end industries.

Key Information Summary

Alloy Investment (000633) has seen strong price momentum driven by multiple positive factors. The company’s transition to include new energy businesses and its strong performance in traditional metal materials position it well for future growth. Investors should consider both the positive drivers and potential short-term risks when evaluating the stock.