证券代码：600362 证券简称：江西铜业 公告编号：临 2025-039 债券代码：243700 债券简称：25 江铜 K1 江西铜业股份有限公司关于 召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 11 月 26 日（星期三）16:00— —17:00 会议召开方式：本次说明会通过上海证券交易所上证路 演中心（https://roadshow.sseinfo.com/）以网络互动方式召 开。 一、说明会类型 江西铜业股份有限公司（以下简称公司）已于 2025 年 10 月 29 日发布了《江西铜业股份有限公司 2025 年第三季度报告》。 为使广大投资者更加全面、深入地了解公司情况，公司决定召 开业绩说明会，就投资者关心的问题进行交流。 二、说明会召开的时间、地点 说明会定于 2025 年 11 月 26 日（星期三）16:00—17:00 上 海 证 券 交 易 所 上 证 路 演 中 心 （https://roadshow.sseinfo.com/）以网 ...

证券代码：600362 证券简称：江西铜业 公告编号：2025-037 江西铜业股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/27 | － | 2025/11/28 | 2025/11/28 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 10 月 28 日的2025年第一次临时股东大会审议通 过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 差异化分红送转方案： 每股分配比例 A 股每股现金红利0.4元 （1）本公司于 2025 年 8 月 28 ...

北京德恒律师事务所 关于江西铜业股份有限公司 差异化分红事项的 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 北京德恒律师事务所 关于江西铜业股份有限公司差异化分红事项的法律意见 北京德恒律师事务所 关于江西铜业股份有限公司 差异化分红事项的 法律意见 法律意见 德恒 01G20250644-02 号 致：江西铜业股份有限公司 北京德恒律师事务所（以下简称"本所"）接受江西铜业股份有限公司（以 下简称"公司"或"上市公司"）的委托，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上海证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简称"《回 购指引》"）、《上海证券交易所股票上市规则》《江西铜业股份有限公司章程》 （以下简称"《公司章程》"）等相关法律、法规及规范性文件的规定，就公司 2025 年半年度利润分配涉及的差异化分红（以下简称"本次差异化分红"）相关 事项发表本法律意见。 为出具本法律意见，本所律师作出如下声明： 1.本所律师依据 ...

江西铜业公告称，因2024年回购股份，截至2025年10月30日回购专用证券账户有1044.18万股，按规定 该部分股份不参与利润分配，故本次2025年半年度权益分派需进行差异化分红。公司拟以206480.56万 股为基数，每10股派现金红利4元（含税），共计派发现金红利8.26亿元。经计算，本次差异化分红对 公司A股除权除息参考价格影响绝对值为0.005%，小于1%，影响较小，且符合相关规定，不损害公司 和股东利益。 ...

证券日报网讯江西铜业11月18日在互动平台回答投资者提问时表示，截至2025年10月31日，公司A股股 东人数为167630户。 （文章来源：证券日报） ...

Core Viewpoint - The London Metal Exchange (LME) has implemented an emergency ban on non-dollar denominated metal options, which has significant implications for the global metal trading landscape and the rise of the Renminbi (RMB) as a settlement currency [2][4]. Group 1: Impact of LME's Ban - The LME's ban is seen as a targeted move by the U.S. to curb the penetration of the RMB in strategic metal settlements, reflecting a shift in the global metal industry dynamics [4][6]. - The ban has forced companies like Volkswagen and China Aluminum to incur additional costs, with aluminum contracts increasing by €200 per ton due to the need to convert to dollars [7]. - French company Total Energy faced a $30 million loss due to currency fluctuations when forced to switch to dollar settlements for rare earths previously agreed in RMB [9]. Group 2: Shift in Trading Dynamics - The LME's internal data shows that the trading volume of RMB-denominated metal options has increased from 0.3% in 2020 to 8.7% in 2024, indicating a growing acceptance of RMB in the metal trading sector [11]. - The LME's pricing power is perceived to be weakening, as evidenced by the increasing push from Chinese companies to engage in cross-border arbitrage with the Shanghai Metal Exchange [11][13]. - China's dominance in the metal industry is underscored by its significant share in global consumption and production, with 54% of refined copper and 70% of rare earth oxide production [13][15]. Group 3: RMB's Growing Influence - The RMB's role in international transactions is bolstered by China's position as both the largest buyer and seller of key metals, enhancing its bargaining power for RMB settlements [17]. - The shift to RMB settlements is exemplified by the automotive sector, where European companies have increased their RMB transactions from 5% to 22% in 2023 due to supply chain stability concerns [19]. - China's strategic agreements with countries like Chile for copper procurement are increasingly favoring RMB settlements, with a 30% increase in annual procurement volume under RMB terms [24][26]. Group 4: Future Outlook - The LME's ban has inadvertently accelerated the adoption of RMB in global metal transactions, with a reported 23% drop in metal options trading volume at the LME following the ban [32]. - The RMB's share in global metal settlements is projected to rise from 7% to 15% by the end of 2024, while the dollar's share is expected to decrease from 82% to 72% [34]. - The ongoing evolution of the global metal pricing structure is moving towards a dual system of "dollar + RMB," indicating a significant shift in the monetary landscape [34][36].

Core Viewpoint - Cathay Group has expanded its civil explosives business by acquiring 100% equity of Beijing Mining and Metallurgy Blasting Technology Engineering Co., Ltd. (referred to as "Beijing Mining Blasting") for 110.1 million yuan, aligning with national policies and enhancing its competitive edge in the industry [2][4]. Summary by Sections Acquisition Details - The acquisition was confirmed on November 13, with Cathay Group participating in a public auction for the 100% equity of Beijing Mining Blasting [4]. - The transaction price was set at 110.1 million yuan, and the seller is Beijing North Mining Yibo Technology Co., Ltd. [4]. - The acquisition aims to strengthen Cathay Group's integrated civil explosives business and meet the production capacity requirements outlined in the "14th Five-Year Plan" [2][4]. Business Synergy and Capabilities - Beijing Mining Blasting has a strong operational base in Jiangxi province, holding first-class blasting qualifications and technical reserves, which will enhance business synergy with Cathay Group [2][6]. - The company serves Jiangxi Copper's mining operations and has an annual production capacity of 8,000 tons of mixed explosives, which aligns well with Cathay Group's core business [2][6]. Financial Performance - Beijing Mining Blasting reported stable financial performance, with revenues of 35.88 million yuan in 2023, 26.74 million yuan in 2024, and 11.97 million yuan for the first seven months of 2025 [6][8]. - Net profits for the same periods were 5.80 million yuan, 4.46 million yuan, and 1.66 million yuan, respectively [6][8]. - As of July 2025, the company had total assets of 58.17 million yuan and a debt-to-asset ratio of 13.66% [6][7]. Valuation and Market Context - The total equity of Beijing Mining Blasting was appraised at 85.69 million yuan as of December 31, 2024, reflecting a 77.78% increase in value [10]. - The acquisition aligns with recent government initiatives encouraging consolidation in the civil explosives industry to create a more self-sufficient supply chain [10].

Core Viewpoint - The Hong Kong copper industry stocks are experiencing significant gains, with multiple companies showing positive price movements in their shares [1] Group 1: Company Performance - Jiangxi Copper Co., Ltd. (00358.HK) increased by 3.26%, reaching HKD 32.92 [1] - Luoyang Molybdenum Co., Ltd. (03993.HK) rose by 3.19%, with shares priced at HKD 17.17 [1] - China Nonferrous Mining Corporation (01258.HK) saw a 3.03% increase, trading at HKD 15.3 [1] - Zijin Mining Group Co., Ltd. (02899.HK) gained 2.58%, with a share price of HKD 33.46 [1]

Group 1 - Copper stocks have shown significant gains, with Jiangxi Copper rising by 3.26% to HKD 32.92, Luoyang Molybdenum up 3.19% to HKD 17.17, China Nonferrous Mining increasing by 3.03% to HKD 15.3, and Zijin Mining up 2.58% to HKD 33.46 [1] - The recent commentary from Nick Timiraos indicates a notable division within the Federal Reserve regarding the threats posed by ongoing inflation versus a sluggish labor market, complicating the outlook for potential interest rate cuts [1] - Despite investor expectations for a possible rate cut in the upcoming Federal Reserve meeting, the internal disagreements have made previously feasible plans more complex [1] Group 2 - The U.S. House of Representatives has passed a temporary funding bill, marking a decisive step towards ending the longest government shutdown in U.S. history, which may reduce macroeconomic risks [2] - The copper market is experiencing a shift due to supply shortages from mining accidents, leading to tighter raw material availability that is now affecting the smelting sector [2] - Current copper prices are supported at the bottom, but breaking through previous highs will require additional positive drivers and significant capital inflow, suggesting a tendency for range-bound trading [2]

Group 1: Copper Industry Performance - Copper stocks are experiencing significant gains, with Jiangxi Copper Co. rising by 3.26% to HKD 32.92, Luoyang Molybdenum Co. increasing by 3.19% to HKD 17.17, China Nonferrous Mining Corp. up by 3.03% to HKD 15.3, and Zijin Mining Group rising by 2.58% to HKD 33.46 [1] Group 2: Economic and Market Context - The U.S. Congress has passed a temporary funding bill, marking a decisive step towards ending the longest government shutdown in U.S. history, which reduces macroeconomic risks [2] - Despite the government shutdown nearing an end, uncertainty in economic data continues to create speculation regarding potential interest rate cuts in December [2] - A recent copper mine accident has led to expectations of raw material shortages, which have been reflected in prior trading, with current prices showing bottom support but requiring additional positive drivers and significant capital inflow for upward movement beyond previous highs [2]