证券代码：600301 证券简称：华锡有色 公告编号：2025-033 广西华锡有色金属股份有限公司 2024年年度股东会决议公告 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 5 月 20 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 | 145 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 435,506,116 | | 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（%） | 68.8473 | (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，董事长张小宁先生因工作原因无法主持现场会 议，经半数以上董事推举，由董事、 ...

华锡有色（600301）公告，公司以人民币3146万元报价竞得南丹县自然资源局挂牌出让编号为GY2024- 43地块的国有建设用地使用权，并已与南丹县自然资源局签署《国有建设用地使用权出让合同》。该地 块位于南丹县车河镇坡前村，土地面积为17.28万平方米，出让年限50年，土地用途为三类工业用地。 地价款支付要求为合同签订之日起30日内一次性付清。此次竞得地块使用权符合公司未来发展战略，有 利于完善公司产业布局，提升综合竞争能力。 ...

证券代码：600301 股票简称：华锡有色 编号：2025-032 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"）于 2025 年 4 月 30 日 披露了《公司 2024 年年度报告》和《公司 2025 年第一季度报告》，为便于广大 投资者更加全面深入地了解公司经营成果、财务状况、发展战略等情况，公司于 （网址：https://roadshow.sseinfo.com/），组织召开了公司 2024 年度暨 2025 年第一季度业绩说明会。 为提升业绩说明会的召开质量和效率，公司于 5 月 10 日通过上海证券交易 所网站及《中国证券报》《上海证券报》《证券时报》《证券日报》发布了《广西 华锡有色金属股份有限公司关于召开 2024 年度暨 2025 年第一季度业绩说明会的 公告》 （公告编号：2025-030），对本次业绩说明会的召开时间、参与方式、出席 会议人员、问题预征集等事项进行了说明，多渠道向投资者征集问题，增强业绩 说明会针对性的同时，为投资者参与业绩说明会预留了充足 ...

证券代码：600301 股票简称：华锡有色 编号：2025-032 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"）于 2025 年 4 月 30 日 披露了《公司 2024 年年度报告》和《公司 2025 年第一季度报告》，为便于广大 投资者更加全面深入地了解公司经营成果、财务状况、发展战略等情况，公司于 2025 年 5 月 19 日（星期一）10:00-11:30 在"上海证券交易所上证路演中心" （网址：https://roadshow.sseinfo.com/），组织召开了公司 2024 年度暨 2025 年第一季度业绩说明会。 为提升业绩说明会的召开质量和效率，公司于 5 月 10 日通过上海证券交易 所网站及《中国证券报》《上海证券报》《证券时报》《证券日报》发布了《广西 华锡有色金属股份有限公司关于召开2024年度暨2025年第一季度业绩说明会的 公告》（公告编号：2025-030），对本次业绩说明会的召开时间、参与方式、出席 会议人员、问题预征集等事项进行了说明 ...

Investment Ratings - The report does not explicitly provide investment ratings for the industry sectors discussed. Core Insights - The industrial metals sector is experiencing an upward turning point in market conditions, particularly for copper and aluminum, driven by easing trade tensions between the US and China [13]. - Precious metals, particularly gold, are facing downward pressure due to a stronger US dollar and reduced appeal as a safe-haven asset amid improving trade relations [15]. - The rare earth sector is witnessing a simultaneous increase in both domestic and international prices, driven by export controls and a recovering market sentiment [32]. Summary by Sections 1. Overview of Bulk and Precious Metals Market - Copper prices increased slightly, with LME copper at $9,440.00 per ton and Shanghai copper at ¥78,100 per ton. A notable rise in copper inventory was observed, ending a ten-week decline, attributed to weakened downstream demand [13]. - Aluminum prices rose by 2.75% to $2,484.50 per ton, with domestic inventories remaining low despite a slight decrease in stock levels [14]. - Gold prices fell by 1.13% to $3,205.30 per ounce, influenced by a stronger dollar and easing trade tensions between the US and China [15]. 2. Updates on Bulk and Precious Metals Fundamentals 2.1 Copper - The report highlights a significant increase in copper inventory, reaching 132,000 tons, marking a shift in market dynamics due to reduced demand [13]. - The processing fee for imported copper concentrate has dropped to -$43.05 per ton, indicating pressure on the supply side [13]. 2.2 Aluminum - Domestic electrolytic aluminum ingot inventory decreased to 581,000 tons, remaining at a near three-year low, while the cost of prebaked anodes increased slightly [14]. - The report notes that the Guinean government has revoked mining licenses for over 40 companies, impacting aluminum ore production capacity [14]. 2.3 Precious Metals - The report discusses the impact of US-China trade negotiations on gold prices, with a significant reduction in SPDR gold holdings [15]. - Economic indicators such as the US CPI and PPI suggest a cooling inflation environment, which may influence future monetary policy [15]. 3. Overview of Minor Metals and Rare Earths Market - The rare earth market is experiencing price increases, particularly for dysprosium and terbium, driven by export controls and a recovering market sentiment [32]. - The antimony market is expected to see price recovery due to supply disruptions from Myanmar and ongoing anti-smuggling efforts in China [33]. - Tin prices have risen, supported by positive expectations from US-China trade negotiations, despite some production concerns [35]. 4. Updates on Minor Metals and Rare Earths Fundamentals 4.1 Rare Earths - Prices for rare earth elements are showing upward trends, with significant increases in overseas prices following export control measures [32]. - The report anticipates a continued tightening of supply due to regulatory changes and geopolitical factors affecting production [32]. 4.2 Antimony - Antimony prices are expected to recover as supply constraints from Myanmar persist, alongside increased demand from various sectors [33]. 4.3 Tin - Tin prices are supported by a favorable market outlook, driven by demand recovery in sectors such as semiconductors and photovoltaics [35].

证券代码：600301 股票简称：华锡有色 编号：2025-031 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"）全资子公司广西佛 子矿业有限公司（以下简称"佛子公司"）近日收到广西壮族自治区自然资源 厅（以下简称"广西自然资源厅"）出具的《关于〈广西壮族自治区岑溪市佛 子冲矿区铅锌矿资源储量核实报告〉矿产资源储量评审备案的复函》（桂资储 备案〔2025〕13 号），有关具体情况如下： 一、评审备案目的 广西佛子矿业有限公司佛子冲铅锌矿采矿许可证生产规模为 45 万吨/年， 开采深度为+570.1 米至-160.1 米标高。为矿山扩产扩能需要，佛子公司拟申请 将佛子冲铅锌矿采矿权变更范围（扩大开采深度），在采矿期间累计查明矿产 资源量已发生重大变化，佛子公司委托广西壮族自治区二七一地质队编制了 《广西壮族自治区岑溪市佛子冲矿区铅锌矿资源储量核实报告》（以下简称 "该报告"），该报告已通过广西自然资源厅评审备案。 本次资源量变化的主要原因： （一）通过实施地表钻探工程和生产勘探工 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the company [3][5][12] Core Insights - The company achieved a revenue of 4.631 billion yuan in 2024, a year-on-year increase of 44.68%, and a net profit attributable to shareholders of 658 million yuan, up 87.72% year-on-year [6][8] - The production of core products is expected to continue increasing, benefiting from rising prices of tin and antimony [1][3] - The company is actively advancing major projects to enhance resource reserves and production capacity, with significant mineral resources identified [12][8] Financial Performance - In 2024, the company reported a gross profit of 738 million yuan from tin ingot business, accounting for 39.43% of total gross profit, while lead-antimony concentrate business contributed 551 million yuan, or 29.46% [2][8] - The company’s revenue projections for 2025-2027 are 5.469 billion, 5.975 billion, and 6.499 billion yuan, with year-on-year growth rates of 18.1%, 9.3%, and 8.8% respectively [3][4] - The net profit attributable to shareholders is projected to be 1.174 billion, 1.285 billion, and 1.400 billion yuan for the same period, with growth rates of 78.5%, 9.4%, and 8.9% respectively [3][4] Production and Sales Outlook - The company plans to produce a total of 85,200 tons of tin, zinc, and lead-antimony metals in 2025, along with 35,400 tons of processed tin and zinc products [1][8] - The production of tin concentrate is expected to reach 6,965 tons in 2024, a year-on-year increase of 7.15% [8][12] Resource Development - As of the end of 2024, the company has approximately 62.79 million tons of ore resources, with a total of 3.26 million tons of various metal resources including tin, antimony, indium, zinc, lead, silver, and copper [12][8] - The company is accelerating the development of key mining projects to enhance its competitive edge and asset scale [12][8]

Investment Rating - The report maintains an "Outperform the Market" rating for the company [3][5][12] Core Insights - The company achieved a revenue of 4.631 billion yuan in 2024, a year-on-year increase of 44.68%, and a net profit attributable to shareholders of 658 million yuan, up 87.72% year-on-year [6][8] - The production of core products is expected to continue increasing, benefiting from rising prices of tin and antimony [1][3] - The company is actively advancing major projects to enhance resource reserves and production capacity, with significant mineral resources identified [12][8] Financial Performance - In 2024, the company reported a gross profit of 738 million yuan from tin ingot business, accounting for 39.43% of total gross profit, while lead-antimony concentrate business contributed 551 million yuan, or 29.46% [2][8] - The company’s revenue projections for 2025-2027 are 5.469 billion, 5.975 billion, and 6.499 billion yuan, with corresponding net profits of 1.174 billion, 1.285 billion, and 1.400 billion yuan [3][4][14] - The company’s cash flow from operating activities was 1.237 billion yuan in 2024, reflecting a year-on-year increase of 35.17% [6][9] Production and Sales Outlook - The company plans to produce a total of 85,200 tons of tin, zinc, and lead-antimony metals in 2025, along with 35,400 tons of processed tin and zinc products [1][8] - The production of tin concentrate in 2024 was 6,965 tons, a year-on-year increase of 7.15%, while zinc concentrate production reached 54,100 tons, up 17.87% [8][12] Resource Development - As of the end of 2024, the company has approximately 62.79 million tons of ore resources, with a total of 3.26 million tons of various metal resources including tin, antimony, indium, zinc, lead, silver, and copper [12][8] - The company is accelerating the development of key mining projects to enhance its competitive position [12][8]

Group 1: Copper Industry - The investment rating for the copper industry is currently neutral, with LME copper prices increasing by 0.89% to $9,439.00 per ton and Shanghai copper prices rising by 0.30% to 77,500 yuan per ton [1][13]. - Supply-side data indicates that the import copper concentrate processing fee index has dropped to -$43.11 per ton, while Codelco's copper production increased by 14.8% year-on-year to 123,200 tons in March [1][13]. - Domestic copper rod enterprises' operating rates have decreased to 62.79%, down 17.10 percentage points week-on-week, primarily due to high copper prices leading to a significant reduction in new orders [1][13]. Group 2: Aluminum Industry - The investment rating for the aluminum industry is neutral, with LME aluminum prices decreasing by 0.66% to $2,418.00 per ton and Shanghai aluminum prices falling by 1.63% to 19,600 yuan per ton [2][14]. - Domestic electrolytic aluminum ingot inventory stands at 620,000 tons, a decrease of 16,000 tons compared to earlier in the week, while aluminum oxide weekly operating rates have been adjusted down by 0.07 percentage points to 79.67% [2][14]. - Downstream demand remains weak, with companies primarily adopting a wait-and-see approach and purchasing based on demand [2][14]. Group 3: Gold Industry - The investment rating for the gold industry is positive, with COMEX gold prices decreasing by 0.43% to $3,329.10 per ounce, influenced by international trade tensions and geopolitical conflicts [3][15]. - The Federal Reserve has maintained the federal funds rate at 4.25% to 4.5%, indicating increased uncertainty in the U.S. economic outlook [3][15]. - SPDR gold holdings have decreased by 1.45 tons to 937.94 tons, reflecting market dynamics amid geopolitical developments [3][15]. Group 4: Rare Earth Industry - The investment rating for the rare earth industry is positive, with prices rising due to export controls and supply disruptions from Myanmar [4][32]. - The price of praseodymium and neodymium oxide has increased by 3.65% to 423,300 yuan per ton, while dysprosium oxide has risen by 9.87% to 1,670,000 yuan per ton [4][32]. - The overall supply-demand situation is improving, with expectations of moderate quota growth and increased focus on rare earth resources amid global geopolitical shifts [4][32]. Group 5: Lithium and Cobalt Industries - The investment rating for the lithium industry is neutral, with lithium carbonate prices decreasing by 3.35% to 66,000 yuan per ton [5]. - Cobalt prices remain stable, with the price of cobalt at 242,000 yuan per ton, reflecting steady demand in the market [5]. - Nickel prices have increased by 2.7% to $15,800 per ton, indicating a positive trend in the nickel market [5].

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5]. Core Viewpoints - Iron ore prices have shown significant loosening, prompting continued attention to investment opportunities in the steel sector. The recent financial policies, including interest rate cuts, are expected to influence market dynamics positively [8][14]. - The steel sector has experienced a three-year adjustment period, leading to a favorable cost-performance ratio at current levels. The profitability and stability of leading enterprises have significantly improved [8][14]. Summary by Sections Macro Overview - Iron ore prices are expected to decline as steel production peaks, with domestic demand pricing becoming more relevant due to high tariffs affecting external demand [8][14]. Steel Market - The consumption of rebar has decreased significantly, with a reported consumption of 2.14 million tons, a 26.67% decrease week-on-week. The average price for rebar is 3,296 CNY per ton, reflecting a slight decrease of 0.8% [15][18][37]. - The overall steel price index has seen a minor decline of 0.71%, with cold-rolled steel prices dropping by 1.33% [37]. Industrial Metals - The copper smelting fee has deepened into negative territory, with a reported fee of -43.5 USD per thousand tons, indicating a challenging environment for copper producers [17]. Precious Metals - Gold prices are expected to continue rising due to increased demand driven by tariffs and inflation expectations. The COMEX gold price reached 3,329.1 USD per ounce, a 2.52% increase week-on-week [17]. New Energy Metals - Lithium carbonate production in March 2025 reached 71,260 tons, a year-on-year increase of 66.53%. The price for battery-grade lithium carbonate is reported at 65,700 CNY per ton [16][41].