Group 1 - The core viewpoint of the article highlights the performance of the Huatai-PineBridge ETF (159652) in the non-ferrous metals sector, which opened down by 2.86% at 1.968 yuan on March 4 [1] - Major holdings within the ETF experienced varied performance, with Zijin Mining down 2.99%, Luoyang Molybdenum down 4.00%, and Northern Rare Earth down 3.29%, while China Aluminum saw an increase of 1.43% [1] - The ETF's performance benchmark is the CSI Sub-Industry Non-Ferrous Metals Theme Index return, managed by Huatai-PineBridge Fund Management Co., Ltd., with a return of 103.23% since its inception on January 16, 2023, and a 4.21% return over the past month [1]

Group 1 - The mining ETF (561330) opened down 5.08%, priced at 2.280 yuan [1] - Major holdings in the mining ETF saw varied performance: Zijin Mining down 2.99%, Luoyang Molybdenum down 4.00%, Northern Rare Earth down 3.29%, and others [1] - The ETF's performance benchmark is the CSI Nonferrous Metals Mining Theme Index, managed by Guotai Fund Management Co., with a return of 139.95% since its inception on October 19, 2022, and a 5.27% return over the past month [1]

Group 1 - The core viewpoint of the article highlights the performance of the Nonferrous Metals ETF (512400), which opened down by 1.80% at 2.453 yuan [1] - Major holdings in the Nonferrous Metals ETF include Zijin Mining, which opened down by 1.03%, and other companies like Luoyang Molybdenum down by 2.02%, Northern Rare Earth down by 0.58%, and Huayou Cobalt down by 1.05% [1] - The ETF's performance benchmark is the CSI Shenwan Nonferrous Metals Index return, managed by Southern Fund Management Co., Ltd., with a return of 154.70% since its inception on August 3, 2017, and a return of 14.07% over the past month [1]

Core Viewpoint - The article discusses the recent conflict between the U.S. and Iran, highlighting its impact on gold prices and gold mining stocks, which have shown a divergence in performance despite rising gold prices due to geopolitical tensions [3][4]. Group 1: Market Reactions - Following the outbreak of conflict, gold prices remained strong, fluctuating around $5,400 per ounce, while major Hong Kong-listed gold mining stocks fell back to pre-conflict levels [3]. - On March 3, 2026, major gold mining stocks such as Zijin Mining International (02259.HK) dropped by 8.5%, Shandong Gold (01787.HK) fell nearly 5%, and the Hang Seng Index decreased by 1.12% [3][4]. Group 2: Analysis of Gold Mining Stocks - Analysts suggest that the decline in gold mining stocks is due to market sentiment and a need for valuation adjustments, as these stocks had previously outperformed gold prices [4][5]. - The performance of gold mining stocks is influenced by multiple factors, including global economic conditions, monetary policy, and company operations, indicating that their price drop does not necessarily signal a loss of upward momentum [5]. Group 3: Long-term Outlook - Despite the recent downturn, the long-term growth prospects for leading gold mining companies remain optimistic, supported by rising demand for safe-haven assets amid global economic uncertainty [5]. - Analysts believe that gold and other base metals still have potential for price increases, and investors should look for buying opportunities after market corrections [5].

Core Viewpoint - The non-ferrous metal sector has experienced a significant adjustment, with the Wind non-ferrous metal index dropping by 5.53% and a trading volume close to 350 billion yuan, indicating a need for capital rotation after a prolonged period of price increases [1][3]. Group 1: Market Performance - The non-ferrous metal sector saw a collective decline, with major stocks like Zijin Mining, Luoyang Molybdenum, and others experiencing significant pullbacks [3]. - Over 10 stocks, including Reborn Technology and Shenghe Resources, hit the daily limit down [1][3]. - The non-ferrous metal index has risen over 30% this year, leading to profit-taking among investors [3]. Group 2: External Influences - The rise in coal and oil prices has diverted some capital away from the non-ferrous sector, as the oil and petrochemical sectors have become the strongest in the A-share market due to the impact of the US-Iran conflict [3]. - The "three barrels of oil" (China National Petroleum, China National Offshore Oil, and Sinopec) have seen consecutive limit-up days, contributing to a year-to-date increase of over 40% in the oil and petrochemical sector [3]. Group 3: Future Outlook - Despite the recent adjustments, many institutions remain optimistic about the future of the non-ferrous metal sector, viewing it as a key area for investment [5][6]. - East China Securities suggests that geopolitical events may further strengthen the inflation trading logic for strategic resources and energy, benefiting the non-ferrous sector [5]. - Guojin Securities emphasizes the importance of physical assets in the current global landscape, recommending metals like copper, aluminum, and tin, which are less likely to be replaced by AI and are expected to benefit from increased global attention on resource products [6].

Core Viewpoint - The article highlights that electronic, non-ferrous metals, and power equipment are the three core sectors recommended by brokers for March, indicating a bullish sentiment in the A-share market [1][4][9]. Broker Recommendations - In March, brokers have released a new list of recommended stocks, with a focus on sectors with strong performance and earnings catalysts. The electronic sector has the highest number of recommended stocks, followed by non-ferrous metals and power equipment [4][5]. - Specific stocks recommended in the electronic sector include Haiguang Information, Yuanjie Technology, and several others, driven by trends in computing power upgrades and domestic substitution [4][5]. - The non-ferrous metals sector continues to attract attention due to the upward cycle of copper and lithium, as well as the supply-demand gap for molybdenum and tin. Key recommendations include Zijin Mining and Luoyang Molybdenum [5]. - The power equipment sector is favored due to multiple favorable trends, including energy storage and high-voltage construction. Notable stocks include Ningde Times and Yihui Lithium Energy [5]. Market Outlook - Most brokers believe the market is likely to trend upwards, with a focus on cyclical and technology sectors. Analysts suggest that the current A-share market is in a bullish phase, encouraging investors to maintain confidence despite short-term fluctuations [2][9]. - Analysts recommend focusing on sectors that benefit from PPI improvements and broad "anti-involution" trends, including non-ferrous metals, chemicals, and power [9][10]. Performance of Recommended Stocks - In February, the top-performing recommended stocks saw significant gains, with the best performer, Juguang Technology, rising by 52.21%. Other notable performers included Dongfang Tantalum and Tianfu Communication, both exceeding 48% gains [3]. - A total of 29 broker stock combinations achieved positive returns in February, with several brokers reporting monthly gains exceeding 5% [3]. Sector-Specific Insights - The electronic sector is particularly highlighted for its potential in computing power chips, optical modules, and advanced packaging, with several companies receiving multiple broker recommendations [4]. - The non-ferrous metals sector is buoyed by the strategic value of metals like copper, lithium, and gold, with brokers emphasizing the importance of resource valuation and production capacity expansion [5]. - The power equipment sector is supported by high demand in energy storage and renewable energy projects, with brokers recommending stocks that are well-positioned to benefit from these trends [5].

Group 1 - The core viewpoint of the article highlights the performance of the Silver Hua ETF (159871), which opened with a gain of 2.38% at 1.247 yuan on March 2 [1] - Major holdings in the Silver Hua ETF include Zijin Mining, which rose by 2.15%, and Northern Rare Earth, which increased by 1.86%, while Ganfeng Lithium saw a decline of 0.51% [1] - The performance benchmark for the Silver Hua ETF is the CSI Nonferrous Metals Index return, managed by Silver Hua Fund Management Co., with a return of 142.96% since its inception on March 10, 2021, and a return of 0.88% over the past month [1]

Group 1 - The core point of the article highlights the performance of the Nonferrous Metals ETF Fund (516650), which opened with a gain of 3.57%, priced at 2.435 yuan [1] - Major holdings in the fund include Zijin Mining, which rose by 2.15%, and Northern Rare Earth, which increased by 1.86%, while Ganfeng Lithium saw a decline of 0.51% [1] - The fund's performance benchmark is the CSI Sub-Industry Nonferrous Metals Theme Index, managed by Huaxia Fund Management Co., with a return of 135.00% since its inception on June 9, 2021, and a recent one-month return of 0.50% [1]

一、决策程序及信息披露 经公司于 2025 年 10 月 17 日召开的第八届董事会第十三次会议和第八届监事 会第十三次会议审议通过，本次股权激励第一个行权期行权条件已成就，具体内 容详见公司临 2025-089 号公告。 证券代码：601899 证券简称：紫金矿业 编号：临 2026-013 紫金矿业集团股份有限公司 关于 2023 年股票期权激励计划第一个行权期自主行权结果 暨股份变动月度公告 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： 2026 年 2 月期间，紫金矿业集团股份有限公司（以下简称"公司"）2023 年股票期权激励计划（以下简称"本次股权激励"）第一个行权期行权数量为 0 股。 截至本公告披露日，本次股权激励第一个行权期累计已行权并完成过户登 记的股票数量为 1,220 万股，占本期可行权总量的 93.13%。 根据规则，本次股权激励任一行权期启动后，至当期全部行权完成前，作 为 A+H 上市公司，公司需于每月结束后 2 个交易日内披露当月股票期权行权结果。 二、基本情况 （一）行权情况 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 本月底法定/註冊股本總額： RMB 2,657,753,314 第 1 頁 共 10 頁 v 1.2.0 FF301 致：香港交易及結算所有限公司 公司名稱: 紫金礦業集團股份有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601899 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,588,693,140 | RMB | | 0.1 | RMB | | 2,058,869,314 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | | | 本月底 ...