Core Points - The chairman of Huaxi Nonferrous Metals, Cai Yong, submitted his resignation due to job relocation on April 22, 2025 [1] - Cai Yong's resignation does not affect the minimum number of board members required by law, ensuring the board's normal operation [1] - Zhang Xiaoning, the vice chairman and general manager, will temporarily assume the role of chairman until a new chairman is elected [1] - The company expresses gratitude for Cai Yong's contributions during his tenure and will expedite the process of electing a new chairman and board members [1]

Investment Rating - The report maintains a "Recommended" investment rating for the gold industry, copper industry, aluminum industry, tin industry, and antimony industry [10][11]. Core Views - The report highlights that the risk of stagflation in the US economy is increasing due to tariffs, while gold prices remain strongly supported [4]. - It notes that the US Federal Reserve is expected to cut interest rates four times in 2025, totaling a reduction of 100 basis points [4]. - The report emphasizes that while copper and aluminum prices may experience fluctuations, the overall demand is improving, leading to a positive outlook for these metals [7][8]. Summary by Sections Market Performance - The non-ferrous metals sector (Shenwan) experienced a decline of 6.5% over the past month, while the CSI 300 index fell by 3.6% [1]. Economic Data - In March, US manufacturing output increased by 0.3%, retail sales rose by 1.4%, and industrial production decreased by 0.3% [3][4]. - China's March imports decreased by 4.3% year-on-year, while exports increased by 12.4% [5][27]. Gold Market - The report indicates that gold prices are expected to maintain an upward trend due to the ongoing interest rate cuts by the Federal Reserve [10]. Copper and Aluminum Market - Copper prices are expected to remain stable with short-term demand improving, despite tariff impacts yet to fully transmit to upstream materials [7]. - Aluminum prices are projected to be strong due to high operational rates in the processing sector [8]. Tin and Antimony Market - Tin prices are expected to trend higher due to supply disruptions, while antimony prices are anticipated to rise due to tight raw material availability [10][11]. Recommended Stocks - The report recommends specific stocks in the gold, copper, aluminum, tin, and antimony sectors, including Zhongjin Gold, Zijin Mining, and others [11].

Group 1 - The metal lead concept increased by 3.32%, ranking 10th among concept sectors, with 28 stocks rising, including Huayu Mining, Huaxi Nonferrous, and ST Shengtun hitting the daily limit [1] - Notable gainers in the lead sector included Chifeng Gold, Hunan Silver, and Luoping Zinc Electric, which rose by 7.35%, 7.30%, and 5.26% respectively [1] - The leading decliners were Wolong Real Estate and Western Mining, which fell by 1.04% and 0.92% respectively [1] Group 2 - The lead concept sector saw a net inflow of 1.179 billion yuan, with 20 stocks receiving net inflows, and 6 stocks attracting over 50 million yuan [2] - Zijin Mining led the net inflow with 322 million yuan, followed by Chifeng Gold, Huayu Mining, and Western Mining with net inflows of 188 million yuan, 150 million yuan, and 144 million yuan respectively [2] - The top stocks by net inflow ratio included Huaxi Nonferrous, ST Shengtun, and Sierte, with net inflow ratios of 22.04%, 19.77%, and 13.42% respectively [3] Group 3 - The trading performance of key stocks in the lead sector showed significant activity, with Huaxi Nonferrous and ST Shengtun achieving notable trading volumes and net inflow ratios [3][4] - Chifeng Gold and Hunan Silver also demonstrated strong trading performance with respective trading volumes of 187.92 million yuan and 4005.81 million yuan [4] - The overall market sentiment in the lead sector appears positive, as indicated by the substantial net inflows and rising stock prices [2][3]

Core Viewpoint - Guangxi Huaxi Nonferrous Metals Co., Ltd. has completed the change registration of the mining rights for the Tongkeng Mine, which is expected to enhance the company's resource availability and extend the service life of the mine, providing a resource guarantee for long-term sustainable development [1][4]. Mining Rights Change Situation - The mining rights change involves merging the exploration rights of the "Deep Zinc Polymetallic Mine Exploration" into the existing mining rights of the Tongkeng Mine, with the new mining license issued by the Ministry of Natural Resources of the People's Republic of China [1][2]. - The previous mining rights included a production scale of 2.376 million tons per year and a mining area of 15.7786 square kilometers, valid until May 23, 2030 [1]. Mining Rights Continuation Contract - The mining rights contract has been signed between the Ministry of Natural Resources and Guangxi Huaxi Mining Co., Ltd., with a mining area of 15.7786 square kilometers and a registration period of 27 years [3]. - The mining rights transfer revenue from the unutilized resources from September 30, 2006, to April 30, 2023, amounts to RMB 64.218 million, with the first installment of RMB 9.8708 million already paid [3]. Impact on the Company - As of September 30, 2020, the confirmed resource reserves within the mining rights area include 73.0414 million tons of ore, with main metal reserves of tin at 81,873 tons and zinc at 2,055,925 tons [4]. - The completion of the mining rights change is expected to increase the company's exploitable resources and support long-term sustainable development, although it will not have a significant short-term impact on the company's operating performance [4].

证券代码：600301 股票简称：华锡有色 编号：2025-014 "广西南丹县大厂矿田铜坑矿深部锌多金属矿勘探"探矿权，该《矿产资源 勘察许可证》由广西壮族自治区自然资源厅颁发，证号： T4500002009083010033417，有效期限：2022 年 7 月 26 日至 2025 年 10 月 8 日。 根据《自然资源部关于进一步完善矿产资产勘查开采登记管理的通知》（自然资 规〔2023〕4 号），华锡矿业已于 2025 年 3 月 24 日将探矿权注销。 1 | 证号 | C1000002011033220107832 | | | | | | --- | --- | --- | --- | --- | --- | | 地址 | 广西河池市南丹县大厂镇桂花路华锡文化中心 | | | | | | 矿山名称 | 广西华锡矿业有限公司铜坑矿 | | | | | | 开采方式 | 露天/地下开采 | | | | | | 生产规模 | 350 万吨/年 | | | | | | 矿区面积 | 15.7786 平方公里 | | | | | | 开采矿种 | 锡矿、锌矿、铅矿 | | | | | | 开采深度 | 9 ...

广西华锡有色金属股份有限公司 2025 年第二次临时股东会法律意见书 国浩律师（南宁）事务所 关于 广西华锡有色金属股份有限公司 2025 年第二次临时股东会的法律意见书 国浩律师（南宁）意字(2024)第 5038-7 号 致：广西华锡有色金属股份有限公司 国浩律师（南宁）事务所受广西华锡有色金属股份有限公司（以下简 称"公司"）的委托，指派覃锦律师、刘卓昀律师（以下简称"本律师"） 作为公司召开 2025 年第二次临时股东会（以下简称"本次股东会"或"会 议"）的专项法律顾问，对本次股东会的召开全过程进行见证并出具法律 意见。 为出具法律意见，本律师出席了本次股东会的会议，并审查了公司提 供的有关会议文件、资料。公司承诺：其已向本律师提供了出具法律意见 所必须的、真实的书面材料。本律师已证实书面材料的副本、复印件与正 本、原件一致。 基于对上述文件、资料的审查，本律师根据《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》《上市公司股东会 规则》《广西华锡有色金属股份有限公司章程》（以下简称《公司章程》） 等有关规定，按照律师行业公认的业务标准、道德规范和勤勉尽责的精神， 对本次股东 ...

证券代码：600301 证券简称：华锡有色 编号：2025-013 广西华锡有色金属股份有限公司 2025 年第二次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025 年 4 月 7 日 (二)股东会召开的地点：广西壮族自治区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 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 165 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 436,626,144 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 69.0244 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长蔡勇先生主持会议，会议采取现场投票 与网络投票相结合进行表决，会议 ...

4月2日，东盟自贸区概念上涨0.77%，今日主力资金流入4656.62万元，概念股8只上涨，5只下跌。 | 序号 | 代码 | 名称 | 最新价 | 涨跌幅 | 主力净流入 | 主力净占比 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 600301 | 华锡有色 | 22.72 | 4.12 | 4248.48万元 | 8.56% | | 2 | 600368 | 五洲交通 | 4.62 | 3.82 | 2158.15万元 | 7.15% | | 3 | 000582 | 北部湾港 | 8.6 | -0.35 | 1584.88万元 | 10.64% | | 4 | 002042 | 华孚时尚 | 6.02 | 2.38 | 450.88万元 | 1.73% | | 5 | 000978 | 桂林旅游 | 6.44 | 0.16 | 323.82万元 | 6.37% | | 6 | 600236 | 桂冠电力 | 6.46 | -2.12 | 220.79万元 | 2.3% | | 7 | 603535 | 嘉诚国际 | 12.85 | -0.31 ...

中银国际证券股份有限公司 关于广西华锡有色金属股份有限公司 调整募投项目实施方案的核查意见 中银国际证券股份有限公司（以下简称"中银证券"或"独立财务顾问"）受广西华锡有 色金属股份有限公司（以下简称"华锡有色"、 "上市公司"或"公司"）委托，担任华锡有色 向广西华锡集团股份有限公司（以下简称"交易对方"、"华锡集团"）发行股份购买资产并 募集配套资金（以下简称"本次发行股份募集配套资金"、"本次发行"）暨关联交易项目 的独立财务顾问。根据《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管 要求》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号 —规范运作》等相关规定，独立财务顾问就华锡有色调整募投项目"广西南丹县铜坑矿区 锡锌矿矿产资源开发项目"实施方案情况进行了核查，发表核查意见如下： 一、募集资金基本情况 根据证监会核发的《关于核准南宁化工股份有限公司向广西华锡集团股份有限公司发 行股份购买资产并募集配套资金申请的批复》（证监许可〔2023〕149 号），公司向特定 对象发行股份募集资金（以下简称"本次发行"）共计人民币普通股（A 股）40,187,541 股， ...

广西华锡有色金属股份有限公司 董事会战略委员会实施细则 $$\Xi{\bf{\mathrm{O}}}\,{\bf{\mathrm{=}}}\,\Xi{\bf{\mathrm{H}}}\,\rlap{\,/}\Xi{\bf{\mathrm{H}}}\,\rlap{\,/}\Xi{\bf{\mathrm{H}}}$$ | | | | | | 广西华锡有色金属股份有限公司 董事会战略委员会实施细则 1. 目的和适用范围 1.1. 为适应广西华锡有色金属股份有限公司（以下简称"公司"）战略发展需要， 提升公司环境、社会及治理（ESG）的管理水平，增强公司核心竞争力，确定公司 发展规划，健全投资决策程序，增强决策科学性，提高重大投资决策的效益和决策 的质量，完善公司法人治理结构，根据相关法律、法规及规范性文件的规定，公司 特设立董事会战略委员会，并制定本实施细则。 《广西华锡有色金属股份有限公司章程》 3. 术语 1.2. 本实施细则适用于公司董事会战略委员会管理。 2. 引用标准 2.1. 下列文件对于本文件的应用是必不可少的。凡是注日期的引用文件，仅所注日 期的版本适用于本文件。凡是不注日期的引用文件，其最新版本（ ...