江西铜业股份有限公司关于 2025 年半年度计提资产减值准备的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告 的虚假记载、误导性陈述或者重大遗漏负连带责任。 江西铜业股份有限公司（以下简称本公司）于 2025 年 8 月 28 日召开了第十届董事会第十二次会议，审议通过了《江西铜 业股份有限公司关于 2025 年半年度计提资产减值准备的议案》， 现将本次计提资产减值准备的具体情况公告如下： 根据《企业会计准则》和相关会计政策的规定，为客观公 允反映本公司截至 2025 年 6 月 30 日的财务状况和资产价值， 本公司对合并范围内各项存在减值迹象的资产进行减值测试计 算可回收金额，并根据减值测试结果对可回收金额低于账面价 值的资产相应计提减值准备。于 2025 年半年度，本公司对各项 资产共计提减值人民币 94,324 万元（若无特别说明，本公告中 后述金额均为人民币万元）。 证券代码：600362 证券简称：江西铜业 公告编号：临 2025-030 债券代码：137816 债券简称：22 江铜 01 2.于 2025 年半年度，本公司对其他合并范围内的公司按照 《企业会计准则第 8 号— ...

江西铜业股份有限公司 关于控股子公司江西铜业集团财务有限 公司的风险持续评估报告 （一）公司名称：江西铜业集团财务有限公司 （二）法定代表人：张嵩 （三）注册资本：260,000 万元 （四）公司经营范围：吸收成员单位存款；办理成员单位贷款；办理 成员单位票据贴现；办理成员单位资金结算与收付；对成员单位提供担保； 提供成员单位委托贷款、债券承销、非融资性保函、财务顾问、信用鉴证 及咨询代理业务；从事同业拆借；办理成员单位票据承兑；办理成员单位 产品买方信贷；从事固定收益类有价证券投资。 截至目前，财务公司股权结构如下： 单位：万元 | 股东名称 | 出资金额 | 持股比例（%） | | --- | --- | --- | | 江西铜业股份有限公司 | 255,658.00 | 98.33 | | 江西铜业铜材有限公司 | 4,342.00 | 1.67 | | 合计 | 260,000.00 | 100 | 注：江西铜业铜材有限公司为本公司全资子公司 1 江西铜业股份有限公司（以下简称公司）根据《上海证券交易所上市 公司自律监管指引第 5 号——交易与关联交易》的要求，查验并审阅了江 西铜业集团财务有限公司（ ...

Core Insights - The top three companies with the highest AH premium rates are Northeast Electric (00042) at 770.97%, Hongye Futures (03678) at 252.57%, and Andeli Juice (02218) at 238.08% [1][2] - The bottom three companies with the lowest AH premium rates are CATL (03750) at -18.73%, Midea Group (00300) at 6.86%, and Heng Rui Medicine (01276) at 7.43% [1][2] - The companies with the highest deviation values are Beijing Machinery (00187) at 32.43%, Andeli Juice (02218) at 29.55%, and Fudan Zhangjiang (01349) at 29.44% [1][3] - The companies with the lowest deviation values are BYD (01211) at -84.97%, Longpan Technology (02465) at -62.46%, and GAC Group (02238) at -26.17% [1][3] AH Premium Rate Rankings - The top AH stocks by premium rate include: - Northeast Electric (00042): H-share at 0.310 HKD, A-share at 2.25 CNY, premium rate 770.97%, deviation -23.02% [2] - Hongye Futures (03678): H-share at 4.280 HKD, A-share at 12.6 CNY, premium rate 252.57%, deviation 25.11% [2] - Andeli Juice (02218): H-share at 17.780 HKD, A-share at 50.18 CNY, premium rate 238.08%, deviation 29.55% [2] - The bottom AH stocks by premium rate include: - CATL (03750): H-share at 410.200 HKD, A-share at 278.3 CNY, premium rate -18.73%, deviation 1.21% [2] - Midea Group (00300): H-share at 81.500 HKD, A-share at 72.71 CNY, premium rate 6.86%, deviation -1.78% [2] - Heng Rui Medicine (01276): H-share at 72.500 HKD, A-share at 65.03 CNY, premium rate 7.43%, deviation 11.64% [2] Deviation Value Rankings - The top AH stocks by deviation value include: - Beijing Machinery (00187): H-share at 4.950 HKD, A-share at 13.24 CNY, premium rate 220.40%, deviation 32.43% [3] - Andeli Juice (02218): H-share at 17.780 HKD, A-share at 50.18 CNY, premium rate 238.08%, deviation 29.55% [3] - Fudan Zhangjiang (01349): H-share at 3.590 HKD, A-share at 10.06 CNY, premium rate 235.65%, deviation 29.44% [3] - The bottom AH stocks by deviation value include: - BYD (01211): H-share at 115.100 HKD, A-share at 110.68 CNY, premium rate 15.18%, deviation -84.97% [3] - Longpan Technology (02465): H-share at 10.320 HKD, A-share at 14.37 CNY, premium rate 66.76%, deviation -62.46% [3] - GAC Group (02238): H-share at 3.690 HKD, A-share at 7.88 CNY, premium rate 155.83%, deviation -26.17% [3]

Market Overview - US stock indices experienced adjustments, with European markets also facing challenges, particularly in France where the CAC 40 index fell over 2% [1] - Hong Kong stocks corrected after a strong rally, closing down 1.18% [1] - Optimism regarding potential Fed rate cuts was tempered by concerns over Trump's threats to dismiss Fed Governor Lisa Cook, which could undermine confidence in USD assets [1] Gold and Mining Sector - Gold stocks surged, with China Gold International reporting a turnaround in its mid-year results, showing strong growth and significant capacity expansion potential [1] - Other gold stocks like Lingbao Gold and Zhaojin Mining also saw substantial gains, reflecting a broader trend in the sector [1] Trade and Tariff Implications - Trump threatened to impose approximately 200% tariffs on rare earth magnets from China and additional tariffs on countries implementing digital taxes, impacting major US tech companies [2] - The US government proposed adding copper, silicon, and silver to a list of critical minerals, indicating a shift in tariff strategy to protect domestic industries [2] Automotive Industry Dynamics - The automotive sector is undergoing rapid changes, with Chinese electric vehicle companies and Tesla significantly shortening the development cycle for new models to about two years [3] - Traditional players like Puma are exploring strategic options, including potential sales, indicating a shift in competitive dynamics within the industry [3] AI and Technology Sector - The Chinese government announced plans to integrate AI with six key sectors by 2027, which will drive capital expenditure towards AI-related technologies [6] - Companies like SMIC and SenseTime are positioned to benefit from increased investment in AI and related technologies [6] Company Performance Highlights - Angelalign reported a 33.1% increase in revenue to $161.4 million, with a significant rise in net profit, indicating strong performance in the orthodontics market [4] - Meituan was included in the MSCI China Index, leading to an 8% increase in its stock price [5] Individual Stock Insights - SenseTime is expected to report improved financial results, with projected revenue growth and a potential narrowing of losses, reflecting a positive outlook for the company [7] - The company has a strong competitive position in AI technology, with significant advancements in model capabilities and market share in various applications [8]

Summary of Key Points Core Viewpoint - As of August 26, a total of 135 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the sector [1]. Stock Performance Highlights - The top three stocks with the highest increase rates are: - 恒基发展 (Hengji Development) at 69.72% with a closing price of 0.335 and a peak of 0.370 [1] - 中国智能交通 (China Intelligent Transportation) at 68.89% with a closing price of 0.305 and a peak of 0.380 [1] - 桦欣控股 (Hua Xin Holdings) at 54.26% with a closing price of 17.000, reaching its peak at the same price [1] Additional Notable Stocks - Other significant performers include: - 绿色经济 (Green Economy) at 22.16% [1] - 米兰站 (Milan Station) at 21.83% [1] - 永义国际 (Yongyi International) at 21.21% [1] - 金界控股 (Golden Realm Holdings) at 18.11% [1] 52-Week Low Rankings - The stocks that reached their 52-week lows include: - 鸿盛昌资源股权 (Hongsheng Chang Resources) at a low of 0.010, down 37.50% [4] - 德商产投服务 (DeShang Investment Services) at a low of 0.830, down 17.00% [4] - 新华联合投资 (Xinhua United Investment) at a low of 0.092, down 15.60% [4]

Group 1 - The gold sector continues to strengthen, with companies such as Dengyun Co., Hunan Silver, and Northern Copper reaching their daily limit increase [1] - Other companies including Jiangxi Copper, Luoyang Molybdenum, Zijin Mining, Silver Nonferrous, Hunan Gold, and Zhuhai Group also experienced significant gains [1]

Group 1 - The core viewpoint of the article highlights the positive impact of the Federal Reserve's interest rate cut expectations on the non-ferrous metal and gold markets, leading to significant price increases in related ETFs and stocks [1] - As of 10:28 AM on August 25, the non-ferrous metal ETF (516650) rose by 4.7%, with key holdings like Northern Copper and Northern Rare Earths hitting the daily limit, while Jiangxi Copper and China Rare Earths also showed strong performance [1] - The gold stock ETF (159562) increased by 3.41%, with holdings such as Hunan Silver reaching the daily limit, and Jiangxi Copper also experiencing notable movements [1] Group 2 - The article notes that the non-ferrous metal ETF (516650) and the gold ETF Huaxia (518850) have attracted significant capital attention, with recent inflows of 15.68 million yuan and 100.5 million yuan respectively over the past five days [1] - Analysts indicate that Powell's dovish remarks have acted as a turning point for the gold market, driving a rebound in gold prices, while caution is advised regarding data volatility and geopolitical risks in the short term [1] - The ongoing central bank gold purchases, a weakening dollar, pressures from U.S. fiscal debt maturities, and global political and economic instability continue to support the long-term bullish outlook for gold prices [1]

Core Viewpoint - The non-ferrous metal sector is experiencing a strong rally, with notable gains in various companies following comments from the Federal Reserve Chairman regarding potential interest rate cuts [1] Company Performance - Northern Copper Industry has reached its daily limit increase - Jiangxi Copper, Silver Nonferrous, Electrical Alloy, and Yunnan Copper have all surged over 5% - Other companies such as Luoping Zinc & Electricity, Zijin Mining, Luoyang Molybdenum, and Yun Aluminum have also seen significant gains [1]

Financial Performance - The company's total revenue is 194 million yuan, with a net profit attributable to shareholders of -16.12 million yuan, an increase of 1.09 million yuan compared to the same period last year [1] - The net cash flow from operating activities is -63.98 million yuan [1] Profitability and Efficiency - The latest asset-liability ratio is 85.91% [3] - The latest gross profit margin is 8.90%, which is an increase of 2.63 percentage points from the previous quarter and an increase of 2.23 percentage points from the same period last year [3] - The latest return on equity (ROE) is -26.08% [3] - The diluted earnings per share are -0.03 yuan [4] - The total asset turnover ratio is 0.42 times, an increase of 0.07 times compared to the same period last year, representing a year-on-year increase of 19.13% [4] - The inventory turnover ratio is 5.75 times [4] Shareholder Structure - The number of shareholders is 28,300, with the top ten shareholders holding 191 million shares, accounting for 37.92% of the total share capital [4] - The largest shareholder is Jiangxi Tourism Group Co., Ltd., holding 19.57% [4]

8月21日晚，中银国际证券股份有限公司（中银证券，601696.SH）发布公告称，持股5%以下股东江西 铜业股份有限公司（以下简称"江铜股份"）因自身经营发展需要，计划减持部分公司股份。 截至公告日，江铜股份持有中银证券无限售流通股1.31亿股，占总股本的4.70%。根据减持计划，江铜 股份拟在8月28日至11月27日期间，通过集中竞价及大宗交易方式合计减持不超过8334万股。中银证券 表示，此次江铜股份减持股份不超过公司总股本的3%，其中，通过集中竞价方式减持比例不超过总股 本的1%，通过大宗交易方式减持比例不超过总股本的2%。 二级市场上，中银证券8月22日收跌2.77%，报16.49元/股。若以此市场价格估算，江铜股份所减持股份 价值约为13.74亿元。 来源：中银证券 公开资料显示，中银证券于2020年登陆上交所，大股东为中银国际投资有限公司。江铜股份及其一致行 动人江西铜业集团财务有限公司（简称"江铜财务"）在中银证券IPO前均已持有股份，持股数量分别为 1.32亿股和0.26亿股。中银证券IPO后，两公司的持股比例分别为4.74%和0.95%。 业绩方面，中银证券2024年实现营业收入28.87亿 ...