证券代码：600301 证券简称：华锡有色 公告编号：2025-059 广西华锡有色金属股份有限公司 关于召开2025年第五次临时股东会的通知 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： 一、召开会议的基本情况 (一)股东会类型和届次 2025年第五次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 召开地点：南宁市良庆区体强路 12 号北部湾航运中心 A 座 8 楼 812 会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 17 日 至2025 年 11 月 17 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪 ...

证券代码：600301 股票简称：华锡有色 编号：2025-056 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。 广西华锡有色金属股份有限公司（以下简称"公司"）第九届董事会第二十 一次会议（临时）通知与相关文件于 2025 年 10 月 27 日通过电子材料和书面通 知方式送达各位董事及高级管理人员，并于 2025 年 10 月 30 日在南宁市良庆区 体强路 12 号北部湾航运中心 A 座 812 会议室以现场结合通讯的方式召开。本次 会议应出席会议的董事 9 名，实到 9 名。会议由董事长张小宁先生主持，公司高 级管理人员列席了会议。本次会议的召集和召开符合《中华人民共和国公司法》 和《公司章程》的有关规定。经与会董事认真审议，形成如下决议： 一、审议通过《关于〈广西华锡有色金属股份有限公司 2025 年第三季度报 告〉的议案》 1、同意《广西华锡有色金属股份有限公司 2025 年第三季度报告》； 2、本议案经公司董事会审计委员会审议通过。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露 ...

Core Viewpoint - The A-share market has seen a significant rise in non-ferrous metal stocks, indicating strong investor interest and market momentum [1] Group 1: Stock Performance - Zhongfu Industrial and Zhongtung High-tech reached the daily limit increase [1] - Nanshan Aluminum is close to reaching the daily limit increase [1] - Shenhuo Co., China Aluminum, and Shengxin Lithium Energy all increased by over 7% [1] - Tianshan Aluminum, Hongchuang Holdings, and Huaxi Nonferrous all rose by over 6% [1]

Market Overview - The A-share market showed overall strength on October 29, with the Shanghai Composite Index surpassing the 4000-point mark [2][3] - The ChiNext Index experienced a strong performance, with an intraday increase exceeding 2% before narrowing [3] Index Performance - As of the midday close, the Shanghai Composite Index rose by 0.37% to 4002.83 points, the Shenzhen Component Index increased by 0.90% to 13550.65 points, and the ChiNext Index gained 1.35% to 3273.28 points [4][3] Sector Performance - The non-bank financial sector saw a significant rally, particularly in brokerage stocks, which are referred to as the "bull market flag bearers" [6] - The power equipment sector led the gains, with an intraday increase approaching 3% [4] - The non-ferrous metals sector also performed strongly, with gains exceeding 2.5% [6] Notable Stocks - In the power equipment sector, stocks such as Tongguan Copper Foil (301217) hit the daily limit, while Artis (688472) surged over 13% [4][5] - In the non-bank financial sector, Huazhong Securities (600909) and Northeast Securities both reached the daily limit [7] - The non-ferrous metals sector saw notable performances from stocks like Zhongtung High-tech (000657), which hit the daily limit, and Shengxin Lithium Energy (002240) with a 7.35% increase [6] Company-Specific News - Yashi Chuangneng (603378) hit the daily limit for the fourth consecutive trading day, following a significant price increase [9] - Shikong Technology (605178) reached the daily limit for the sixth consecutive trading day, with a cumulative increase of 123.90% since September [12][14] - Both companies issued announcements regarding stock trading anomalies and potential risks associated with their rapid price increases [11][14]

Group 1 - The non-ferrous metal sector experienced a significant upward movement on October 29, with notable stocks such as CITIC Metal and Dazhong Mining reaching their daily limit increase [1] - Other companies in the sector, including Huayu Mining, Huaxi Nonferrous, Hongda Co., Zhuhai Group, and Yuguang Gold Lead, also saw gains [1]

Market Overview - The small metals sector experienced a decline of 1.55% on October 28, with Xiyang Co. leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Small Metals Sector Performance - Notable gainers in the small metals sector included: - Zhongtung High-tech (000657) with a closing price of 22.51, up 10.02% and a trading volume of 1.46 million shares [1] - Dongfang Silver (000962) closed at 34.50, up 8.15% with a trading volume of 606,400 shares [1] - Yunnan Chuangye (002428) closed at 27.96, up 3.44% with a trading volume of 388,100 shares [1] - Other companies with positive performance included Xianglu Tungsten Industry (002842) and Jintian Titanium Industry (688750), both showing modest gains [1] Fund Flow Analysis - The small metals sector saw a net outflow of 3.028 billion yuan from main funds, while retail investors contributed a net inflow of 2.267 billion yuan [2] - The main funds showed significant outflows from companies like Zhongtung High-tech and Yunnan Chuangye, while retail investors were net buyers in these stocks [3] Individual Stock Highlights - Zhongtung High-tech had a main fund net inflow of 509 million yuan, but also saw significant outflows from retail investors [3] - Yunnan Chuangye reported a main fund net inflow of 154 million yuan, with retail investors also showing net outflows [3] - Dongfang Silver experienced a main fund net inflow of 73.66 million yuan, while retail investors had a slight outflow [3]

Core Viewpoint - The stock price of Huaxi Nonferrous Metals has increased by 68.90% year-to-date, indicating strong market performance despite recent fluctuations [2]. Financial Performance - For the first half of 2025, Huaxi Nonferrous Metals achieved a revenue of 2.787 billion yuan, representing a year-on-year growth of 23.66% [3]. - The net profit attributable to shareholders for the same period was 382 million yuan, reflecting a year-on-year increase of 9.49% [3]. Stock Market Activity - As of October 28, the stock price was 28.73 yuan per share, with a trading volume of 128 million yuan and a turnover rate of 1.66% [1]. - The stock has seen a net inflow of 11.6 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Information - As of June 30, the number of shareholders increased by 23.47% to 26,400, while the average circulating shares per person decreased by 19.01% to 10,423 shares [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and new entrants like Invesco Great Wall Jing Sheng Dual Income Bond A [4]. Business Overview - Huaxi Nonferrous Metals, established in June 1998 and listed in July 2000, primarily engages in the exploration, mining, and processing of nonferrous metals such as tin, zinc, and lead [2]. - The company's revenue composition includes 91.82% from nonferrous metal products, 4.61% from deep processing products, and 2.43% from engineering supervision and other services [2].

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]

Group 1: Copper - LME copper price increased by 2.41% to $10,624.00 per ton, while Shanghai copper decreased by 1.77% to 84,400 yuan per ton [1][12] - Domestic copper inventory increased by 0.55 thousand tons to 17.75 thousand tons due to weak downstream consumption and replenishment of imported sources [1][12] - The operating rate of domestic major refined copper rod enterprises rose to 62.5%, up 19.06% week-on-week, but down 16.39% year-on-year, indicating a recovery post-holiday but still below pre-holiday levels [1][12] Group 2: Aluminum - LME aluminum price rose by 1.82% to $2,796.00 per ton, while Shanghai aluminum decreased by 0.33% to 20,900 yuan per ton [2][13] - Domestic electrolytic aluminum ingot inventory decreased by 2.3 thousand tons, indicating a slight recovery in demand [2][13] - The operating rate of domestic aluminum processing enterprises remained stable at 62.5%, with a year-on-year decline of 1.4% [2][13] Group 3: Gold - COMEX gold price increased by 7.65% to $4,344.30 per ounce, influenced by U.S. government shutdown and geopolitical risks [3][14] - SPDR gold holdings increased by 17.46 tons to 1,034.62 tons, reflecting increased demand amid market uncertainties [3][14] - The U.S. government shutdown has led to delays in key economic data releases, impacting the economy and the dollar's position [3][14] Group 4: Rare Earths - The price of praseodymium and neodymium oxide decreased by 9.01% to 507,100 yuan per ton, with expectations of price recovery due to overseas replenishment [4][32] - The strategic importance of rare earths has increased due to regulatory changes, with a positive outlook for major companies in the sector [4][32] - The implementation of new regulations is expected to gradually show positive effects on supply and pricing [4][32] Group 5: Antimony - Antimony price decreased by 4.08%, but demand is expected to recover due to the stabilization of photovoltaic glass production [4][33] - The implementation of stricter standards for flame-retardant cables may provide a demand boost for antimony [4][33] - Global antimony prices are expected to trend upward due to resource scarcity and reduced supply from major mines [4][33] Group 6: Lithium - The average price of lithium carbonate decreased by 0.63% to 73,100 yuan per ton, while lithium hydroxide decreased by 0.43% to 78,200 yuan per ton [5][60] - Total lithium carbonate production increased to 21,100 tons, reflecting a slight recovery in supply [5][60] - Strong demand from the energy storage sector is expected to support lithium prices despite recent supply increases [5][60] Group 7: Cobalt - Cobalt price increased by 9% to 381,000 yuan per ton, driven by tight supply conditions [5][61] - The market is characterized by a "price without market" phenomenon, with strong upward pressure on prices due to raw material shortages [5][61] - Future price increases are anticipated as supply constraints from Congo continue to affect the market [5][61] Group 8: Nickel - LME nickel price increased by 0.1% to $15,200 per ton, while Shanghai nickel price decreased by 0.6% to 121,200 yuan per ton [5][62] - Concerns over the stability of nickel ore supply due to regulatory changes in Indonesia are providing short-term support for prices [5][62] - The market is expected to remain volatile due to the interplay between supply disruptions and weak fundamentals [5][62]

Market Overview - The small metals sector experienced a decline of 2.0% on October 17, with Dongfang Zirconium leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Guangsheng Nonferrous (600259) closed at 58.80, up 1.03% with a trading volume of 184,800 shares and a transaction value of 1.11 billion [1] - Dongfang Zirconium (002167) closed at 12.96, down 5.68% with a trading volume of 392,100 shares and a transaction value of 524 million [2] - The highest decline was seen in Dongfang Zirconium, which fell by 5.68% [2] Capital Flow Analysis - The small metals sector saw a net outflow of 2.186 billion from main funds, while retail investors contributed a net inflow of 1.784 billion [2][3] - The main funds showed a negative net flow in several stocks, including Guangsheng Nonferrous and Huayang New Materials [3] Trading Volume and Transaction Value - The trading volume for Guangsheng Nonferrous was 184,800 shares, while Dongfang Zirconium had a trading volume of 392,100 shares [1][2] - The transaction value for Guangsheng Nonferrous was 1.11 billion, and for Dongfang Zirconium, it was 524 million [1][2]