主力资金净流出的行业有30个，电子行业主力资金净流出规模居首，全天净流出资金264.75亿元，其次 是电力设备行业，净流出资金为195.35亿元，净流出资金较多的还有计算机、有色金属、非银金融等行 业。 有色金属行业今日下跌5.26%，全天主力资金净流出107.83亿元，该行业所属的个股共137只，今日上涨 的有2只；下跌的有135只，跌停的有11只。以资金流向数据进行统计，该行业资金净流入的个股有18 只，其中，净流入资金超千万元的有8只，净流入资金居首的是驰宏锌锗，今日净流入资金3803.41万 元，紧随其后的是海亮股份、新疆众和，净流入资金分别为3578.58万元、2386.28万元。有色金属行业 资金净流出个股中，资金净流出超亿元的有26只，净流出资金居前的有赣锋锂业、北方稀土、华友钴 业，净流出资金分别为10.11亿元、9.41亿元、9.00亿元。（数据宝） 有色金属行业资金流入榜 沪指11月21日下跌2.45%，申万所属行业中，跌幅居前的行业为综合、有色金属，跌幅分别为5.50%、 5.26%。有色金属行业位居今日跌幅榜第二。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主 ...

Market Overview - On November 20, the industrial metals sector declined by 0.52% compared to the previous trading day, with Xinweiling leading the decline [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers in the industrial metals sector included: - Guocheng Mining (Code: 000688) with a closing price of 29.65, up 4.99% and a trading volume of 610,600 shares, totaling 1.823 billion yuan [1] - Asia-Pacific Technology (Code: 002540) with a closing price of 7.15, up 3.03% and a trading volume of 307,700 shares, totaling 220 million yuan [1] - Major decliners included: - Xinweiling (Code: 920634) with a closing price of 24.91, down 3.67% and a trading volume of 12,900 shares, totaling 33.008 million yuan [2] - Chang Aluminum (Code: 002160) with a closing price of 5.41, down 3.22% and a trading volume of 751,900 shares, totaling 413 million yuan [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.961 billion yuan from institutional investors, while retail investors saw a net inflow of 1.359 billion yuan [2] - Key stocks with significant capital flow included: - Huayu Mining (Code: 601020) with a net inflow of 97.347 million yuan from institutional investors [3] - Xizang Zhuofeng (Code: 600338) with a net inflow of 94.423 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metals industry, with the index rising by 1.51% and key stocks like Guocheng Mining and Yahua Group showing significant gains [1] - In October, the actual growth of the industrial added value of non-ferrous metals above designated size increased by 4.0% year-on-year, while the growth from January to October was 7.4%, which is 0.4 percentage points lower than the previous three quarters [1] - The demand in the energy storage market is robust, with leading domestic lithium battery companies placing large orders with upstream material suppliers, indicating a high growth trend in production for November [1] Group 2 - The non-ferrous metals ETF closely tracks the Guozheng Non-Ferrous Metals Industry Index, which selects 50 securities with significant size and liquidity in the non-ferrous metals sector, reflecting the overall performance of listed companies in this industry [2] - As of October 31, 2025, the top ten weighted stocks in the Guozheng Non-Ferrous Metals Industry Index accounted for 52.91% of the index, including companies like Zijin Mining and Ganfeng Lithium [2]

本报告依据中国资产评估准则编制 云南驰宏锌绪股份有限公司拟出资涉及 的云南驰宏国际绪业有限公司股东全部 权益价值 资产评估报告 国众联评报字(2025)第 3-0170 号 (共一册,第一册) 此为二维码防伪标志,内含 本报告估值主要信息,建议 报告使用方查证核实 评估机构:国众联资产评估土地房地产估 价有限公司 联系地址:深圳市罗湖区清水河街道清水 河社区清水河三路 7 号中海慧 智大厦 1C 栋 报告日期:二〇二五年十月二十四日 网址: www.gzlchina.com 电话:0755-88832456 邮编:518024 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 4747020007202502824 | | --- | --- | | 合同编号: | (2025)国众联评委第(9-175) 号 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 国众联评报字(2025)第3-0170号 | | 报告名称: | 云南驰宏锌错股份有限公司拟出资涉及的云南驰宏国际错业有限 公司股东全部权益价值 | | 评估结论: | 183,907,600.007 | | 评估报 ...

云南驰宏锌错股份有限公司拟出资涉及 的云南驰宏国际绪业有限公司股东全部 权益价值 资产评估说明 国众联评报字(2025)第 3-0170 号 此为二维码防伪标志,内含 本报告估值主要信息,建议 报告使用方查证核实 评估机构:国众联资产评估土地房地产估 价有限公司 联系地址:深圳市罗湖区清水河街道清水 河社区清水河三路 7 号中海慧 智大厦 1 栋 1C618 邮编:518024 报告日期: 二〇二五年九月二十八日 网址: www.gzlchina.com 电话:0755-88832456 云南驰宏锌绪股份有限公司拟出资涉及的 云 南 驰 宏 国 际 绪 业 有 限 公 司 股 东 全 部 权 益 价 值 目录 | 第一部分:关于《资产评估说明》使用范围的声明 … | | --- | | 第二部分:企业关于进行资产评估有关事项的说明 … | | 第三部分:资产清查核实情况说明 ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………3 | | 一、评估目的 | ...

证券代码：600497 证券简称：驰宏锌锗 公告编号：2025-050 云南驰宏锌锗股份有限公司 关于与关联方共同投资设立参股公司暨关联交易 进展的公告 2025 年 10 月 24 日，公司与中铝集团、中国铝业、云南铜业及中铝资本就 上述成立中铝乾星事项正式签署了《出资协议》，具体内容详见公司 2025 年 10 月 25 日披露于上海证券交易所网站（www.sse.com.cn）的《云南驰宏锌锗股份 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。 一、共同投资基本情况 2025 年 8 月 27 日，云南驰宏锌锗股份有限公司（以下简称"公司"）第八 届董事会第二十五次会议审议批准了《关于审议与关联方共同投资设立参股公司 暨关联交易的议案》，同意公司与关联方中国铝业集团有限公司（以下简称"中 铝集团"）、中国铝业股份有限公司（以下简称"中国铝业"）、云南铜业股份 有限公司（以下简称"云南铜业"）和中铝资本控股有限公司（以下简称"中铝 资本"）共同出资设立中铝乾星（成都）科技有限责任公司（以下简称"中铝乾 星"），联合打造稀有 ...

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has transformed from a small mining operation into a leading enterprise in the global lead-zinc smelting and comprehensive recycling industry, focusing on resource security and technological innovation to drive sustainable growth [2][3][4]. Group 1: Resource Management - The company emphasizes the importance of resource management, stating that resource security is a strategic priority, with a resource reserve system established across multiple provinces in China [3][4]. - Chihong Zn & Ge aims to ensure sustainable resource accumulation by integrating resource consolidation and technological upgrades, while also exploring external high-quality resources [3][4]. Group 2: Technological Innovation - The company is committed to technological innovation, focusing on four key areas: technological advancement, resource security, green low-carbon practices, and high-end transformation [4][5]. - Chihong Zn & Ge has implemented intelligent mining technologies, reducing the need for manual labor and enhancing operational efficiency through remote control and automation [5][6]. Group 3: Environmental Sustainability - The company is dedicated to breaking the traditional perception of mining as environmentally damaging, promoting a "green development" philosophy through innovative technologies that create a low-carbon, circular production system [7][8]. - Chihong Zn & Ge has established seven green mines and six green factories, achieving a 100% green mine completion rate, and its products have been recognized for their energy efficiency [7][8]. Group 4: Industry Leadership - The company has developed a new flotation process that significantly improves zinc recovery rates to 96.37%, setting a benchmark in the industry for efficiency and sustainability [8]. - Chihong Zn & Ge is on a path to becoming a world-class lead-zinc-germanium enterprise, driven by its commitment to green innovation and ecological protection [8].

Core Insights - The article discusses how Chinese companies are seizing opportunities in the new technological revolution and industrial transformation, enhancing their independent innovation capabilities and striving for high-quality development [9] Group 1: Chihong Zinc and Germanium - Chihong Zinc and Germanium has transformed from a small mine into one of the world's most comprehensive companies in lead-zinc smelting and resource recovery [21] - The company focuses on "technological innovation, resource security, green low-carbon, and high-end transformation" to enhance traditional industries through intelligent upgrades and strategic extensions into high-value new materials [23] - Chihong Zinc and Germanium has achieved a significant increase in metal recovery rates and reduced smelting costs for zinc products for six consecutive years [21][22] Group 2: Haon Automotive Electronics - Haon Automotive Electronics has become a leader in intelligent perception technology, collaborating with major automotive manufacturers and AI giants [10][12] - The company aims to transition from a "follower" to a "technology leader" through strategic upgrades in its R&D center [17] - In the first half of this year, Haon Automotive Electronics held a market share of 27.3% in the domestic ultrasonic radar supplier market [15] Group 3: Mousse Co., Ltd. - Mousse Co., Ltd. has embraced AI technology since 2015, resulting in a revenue of 121 million yuan from AI products in the first half of this year, a year-on-year increase of over three times [11][39] - The company has transitioned from a traditional mattress seller to a promoter of healthy sleep culture, focusing on AI and brand expansion [42] - Mousse has invested significantly in R&D, with expenditures rising from 74 million yuan in 2019 to 205 million yuan in 2024, reflecting a compound annual growth rate of 22.6% [38]

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a significant stock price increase of 26.96% year-to-date, with a recent trading price of 6.87 CNY per share, indicating strong market interest and performance in the non-ferrous metal sector [1][2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 17.178 billion CNY, reflecting a year-on-year growth of 17.24%. However, the net profit attributable to shareholders decreased by 10.18% to 1.324 billion CNY [2]. - Cumulative cash dividends since the company's A-share listing amount to 7.495 billion CNY, with 2.132 billion CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 2.64% to 162,400, while the average circulating shares per person increased by 2.71% to 31,036 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 57.0341 million shares, a decrease of 31.9014 million shares from the previous period [3].

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a significant stock price increase of 26.04% year-to-date, with a recent rise of 2.10% on November 12, 2023, indicating positive market sentiment despite some fluctuations in trading volume and net capital outflow [1][2]. Financial Performance - For the period from January to September 2025, Chihong Zn & Ge reported a revenue of 17.178 billion yuan, reflecting a year-on-year growth of 17.24%. However, the net profit attributable to shareholders decreased by 10.18% to 1.324 billion yuan [2]. - Cumulative cash dividends since the company's A-share listing amount to 7.495 billion yuan, with 2.132 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 2.64% to 162,400, while the average number of circulating shares per person increased by 2.71% to 31,036 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 57.0341 million shares, a decrease of 31.9014 million shares from the previous period. Meanwhile, the fund "China Europe Dividend Enjoyment Flexible Allocation Mixed A" increased its holdings by 5.1806 million shares to 47.7779 million shares [3]. Market Activity - On November 12, 2023, Chihong Zn & Ge's stock price reached 6.82 yuan per share, with a trading volume of 220 million yuan and a turnover rate of 0.65%. The total market capitalization stands at 34.375 billion yuan [1]. - The stock has experienced a 5.90% increase over the last five trading days, a 1.02% decrease over the last 20 days, and a 21.35% increase over the last 60 days [1]. Business Overview - Chihong Zn & Ge, established on July 18, 2000, and listed on April 20, 2004, is primarily engaged in the mining, smelting, deep processing, and sales of lead, zinc, and germanium products. The revenue composition is 73.82% from lead and zinc mining, 15.00% from other sources, and 11.18% from non-ferrous metal trading [1]. - The company is classified under the industrial metals sector, specifically in the non-ferrous metals category, and is associated with concepts such as scarce resources and central enterprise reform [1].