Core Viewpoint - China Dajie Nonferrous Metals (00661) saw a significant intraday increase of over 27%, closing up 25.71% at HKD 0.088, with a trading volume of HKD 11.1895 million [1] Industry Summary - The third council meeting of the Copper Industry Branch of the China Nonferrous Metals Industry Association was held in Xiong'an New Area, Hebei, where representatives from major companies discussed operational conditions, copper concentrate processing fees, and challenges faced by enterprises [1] - The Copper Industry Branch expressed strong opposition to "involution" competition within the copper smelting industry [1] Company Insights - According to a report by Everbright Securities in July, implementing "anti-involution" policies in the copper industry may limit new copper smelting capacity and accelerate the exit of small smelting capacities, which could benefit downstream copper consumption driven by growth in renewable energy and grid upgrades [1] - The report suggests that if growth stabilization plans in the copper industry impose restrictions on smelting capacity, the value of smelting assets may be re-evaluated, highlighting companies with low copper self-sufficiency but large smelting capacities as potential investment opportunities [1]

智通财经APP获悉，中国大冶有色金属(00661)盘中涨超27%，截至发稿，涨25.71%，报0.088港元，成 交额1118.95万港元。 消息面上，中国有色金属工业协会铜业分会第三届理事会第五次会议在河北雄安新区召开。会上，金川 集团、江铜集团、铜陵有色、中国铜业、大冶有色、五矿有色、紫金矿业等理事单位代表围绕企业运行 情况、铜精矿加工费、铜业分会下一步工作、企业存在的困难和相关建议进行研讨交流。中国有色金属 工业协会铜业分会表示坚决反对铜冶炼行业"内卷式"竞争。 光大证券今年7月发布研报称，若在铜行业推行"反内卷"相关政策，或对新增铜冶炼产能做出限制、加 速中小冶炼产能退出，而铜下游消费仍会受益于新能源、电网改造等持续增长，冶炼产能过剩未来有望 缓解，冶炼企业后续盈利有望迎来改善。该行指出，若铜行业相关稳增长方案对冶炼产能做出限制，冶 炼资产价值有望重估，关注铜矿自给率较低而冶炼产能大的公司。 ...

Group 1 - The Hong Kong stock market saw mixed performance with the Hang Seng Technology Index slightly down by 0.13%, while the National Enterprises Index rose marginally by 0.01% [2] - The Hang Seng Technology Index experienced a peak increase of 2% during the trading session before closing with a minor decline [2] Group 2 - Major technology stocks generally maintained an upward trend, with Xiaomi rising by 4.48%, JD.com by 3.46%, and Baidu by 2.33% [4] - Automotive stocks collectively increased, with Chery Automobile seeing a significant rise of nearly 14% on its first trading day, while other companies like Li Auto, NIO, and BYD also posted gains [4] - Copper prices surged due to supply tightness following an accident at the world's second-largest copper mine, leading to strong performances in the copper sector, with China Daye Non-Ferrous Metals soaring by 25% [4]

Core Insights - The Hong Kong stock market saw a significant rise in non-ferrous metal stocks, with notable increases in companies such as China Daye Nonferrous Metals, which rose over 12%, and Luoyang Molybdenum, which reached a historical high with an increase of over 11% [1][2]. Company Performance - **China Daye Nonferrous Metals**: Increased by 12.50%, latest price at 0.063, market cap at 1.127 billion, year-to-date increase of 31.25% [2]. - **Luoyang Molybdenum**: Increased by 11.01%, latest price at 13.910, market cap at 297.595 billion, year-to-date increase of 179.76% [2]. - **Jiangxi Copper**: Increased by 7.98%, latest price at 26.780, market cap at 92.732 billion, year-to-date increase of 128.95% [2]. - **Jinli Permanent Magnet**: Increased by 5.71%, latest price at 22.200, market cap at 30.38 billion, year-to-date increase of 189.09% [2]. - **Zijin Mining**: Increased by 4.59%, latest price at 31.000, market cap at 823.905 billion, year-to-date increase of 128.01% [2]. - **Ganfeng Lithium**: Increased by 3.35%, latest price at 38.860, market cap at 79.94377 billion, year-to-date increase of 94.93% [2]. Market Dynamics - Freeport McMoRan announced a force majeure on its Grasberg mine contract in Indonesia, which has raised concerns about copper supply, pushing LME copper futures to a new high in over a year [2]. - The Grasberg mine accounts for 3.2% of global copper supply and over 70% of Freeport's total copper production, with expected supply disruptions potentially affecting over 6% of global copper output [2].

Core Viewpoint - The Hong Kong stock market saw a significant rise in the non-ferrous metal sector, driven by supply concerns following Freeport McMoran's announcement of force majeure at its Grasberg mine in Indonesia, which is critical to global copper supply [1] Group 1: Market Performance - China Daye Nonferrous Metals rose over 12.5%, with a year-to-date increase of 31.25% [2] - Luoyang Molybdenum increased by 11.01%, marking a staggering year-to-date rise of 179.76% [2] - Jiangxi Copper Co. saw an increase of 7.98%, with a year-to-date growth of 128.95% [2] - Jinchuan Group's share price rose by 5.71%, with a year-to-date increase of 189.09% [2] - Zijin Mining's stock increased by 4.59%, with a year-to-date rise of 128.01% [2] - Ganfeng Lithium's shares rose by 3.35%, with a year-to-date increase of 94.93% [2] Group 2: Supply Concerns - Freeport McMoran's Grasberg mine accounts for 3.2% of global copper supply and over 70% of the company's total copper production [1] - The unexpected supply disruption is expected to impact global copper production by more than 6% [1]

Group 1 - The Hong Kong stock market saw a significant rise in the non-ferrous metal sector, with China Daye Nonferrous Metals up over 12%, Luoyang Molybdenum up over 11% reaching a historical high, Jiangxi Copper up nearly 8%, Jinchuan Group up over 5%, Zijin Mining up over 4%, and Ganfeng Lithium up over 3% [1] - Freeport McMoran announced a force majeure on its Grasberg mine in Indonesia, which has reignited market concerns over supply, pushing LME copper futures to a one-year high [1] - The Grasberg mine accounts for 3.2% of global copper supply and over 70% of Freeport's total copper production, with unexpected supply disruptions expected to impact over 6% of global copper output [1] Group 2 - The stock performance of key companies in the non-ferrous metal sector includes: - China Daye Nonferrous Metals: up 12.50%, latest price at 0.063, market cap at 1.127 billion, year-to-date increase of 31.25% [2] - Luoyang Molybdenum: up 11.01%, latest price at 13.910, market cap at 29.7595 billion, year-to-date increase of 179.76% [2] - Jiangxi Copper: up 7.98%, latest price at 26.780, market cap at 9.2732 billion, year-to-date increase of 128.95% [2] - Jinchuan Group: up 5.71%, latest price at 22.200, market cap at 303.8 million, year-to-date increase of 189.09% [2] - Zijin Mining: up 4.59%, latest price at 31.000, market cap at 82.3905 billion, year-to-date increase of 128.01% [2] - Ganfeng Lithium: up 3.35%, latest price at 38.860, market cap at 799.43 million, year-to-date increase of 94.93% [2]

Group 1 - The core viewpoint of the news is that copper concept stocks in the Hong Kong market opened higher, driven by supply disruptions at Freeport's Grasberg mine, which is expected to impact global copper supply and support copper prices [1] - Jiangxi Copper Co. saw an increase of over 8%, while China Nonferrous Mining and Minmetals Resources rose over 7% and 6% respectively, indicating strong market performance in the copper sector [1][2] - Freeport's Grasberg mine accounts for approximately 3% of global copper supply, and the total loss in Q4 is projected to affect global supply by 3%, with a cumulative impact of 1% by 2026 [1] Group 2 - Jiangxi Copper Co. reported a price increase of 8.47%, with a latest price of 26.900 and a total market capitalization of 931.47 billion, reflecting a year-to-date increase of 129.98% [2] - China Nonferrous Mining experienced a 7.44% rise, with a latest price of 13.000 and a market cap of 507.26 billion, showing a year-to-date increase of 165.13% [2] - Minmetals Resources increased by 6.27%, with a latest price of 6.100 and a market cap of 740.57 billion, marking a year-to-date increase of 138.28% [2]

(Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號：00661) NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1) , 24 September 2025 China Daye Non-Ferrous Metals Mining Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.hk661.com and the website of The Stock Exchange of Hong Kong L ...

(Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號：00661) NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, 24 September 2025 China Daye Non-Ferrous Metals Mining Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.hk661.com and the website of The Stock Exchange of Hong Kong Limited ...

（於百慕達註冊成立之有限公司） 股份代號 : 00661 2025 中期報告 礦產資源 湖北礦山 大冶市 湖北礦山 陽新縣 新疆礦山 烏恰縣 2 4 1 3 1 銅綠山礦 2 銅山口礦 3 豐山礦 4 薩熱克銅礦 劉芳 王岐虹 孔華 審核委員會╱薪酬委員會 劉芳 （主席） 王岐虹 孔華 提名委員會 公司資料 董事會 執行董事： 肖述欣 （主席） 張金鐘 （行政總裁） 張愛軍 獨立非執行董事： | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 企業管治及其他資料 | 26 | | 簡明綜合財務報表審閱報告 | 32 | | 簡明綜合損益及其他全面收益表 | 34 | | 簡明綜合財務狀況表 | 35 | | 簡明綜合權益變動表 | 37 | | 簡明綜合現金流量表 | 39 | | 簡明綜合財務報表附註 | 40 | | 釋義 | 64 | 肖述欣 （主席） 劉芳 王岐虹 孔華 公司秘書 黃日東 法律顧問 香港法律： 普衡律師事務所（香港）有限法律 責任合夥 百慕達法律： Conyers Dill & Pearman 核數師 天職香港會計師事務所有限公司 執業會計師 註 ...