Group 1 - The optical fiber concept index rose by 0.74%, ranking 7th among concept sectors, with 33 stocks increasing in value, including Hangzhou Dianzi, FiberHome, and Hengtong Optic-Electric reaching the daily limit [1] - Notable gainers in the optical fiber sector included Guangku Technology, Zhongtian Technology, and Changxin Bochuang, which rose by 15.00%, 6.97%, and 6.54% respectively [1] - The largest declines were seen in Yongding Co., Yunnan Zhiyuan, and Chihong Zn & Ge, which fell by 8.20%, 4.43%, and 4.00% respectively [1] Group 2 - The optical fiber sector experienced a net inflow of 2.584 billion yuan, with 29 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflows [2] - Hengtong Optic-Electric led the net inflow with 1.172 billion yuan, followed by FiberHome, Zhongtian Technology, and Changxin Bochuang with net inflows of 1.012 billion yuan, 786 million yuan, and 356 million yuan respectively [2] - The net inflow ratios for Hengtong Optic-Electric, FiberHome, and Zhongbei Communication were 28.24%, 23.63%, and 13.96% respectively [3] Group 3 - The optical fiber sector's performance was highlighted by significant trading volumes, with Hengtong Optic-Electric and FiberHome showing high turnover rates of 7.74% and 13.00% respectively [3] - Other notable stocks included Guangku Technology with a 15.00% increase and a turnover rate of 17.50%, indicating strong investor interest [3] - The overall market sentiment for the optical fiber sector appears positive, as evidenced by the substantial net inflows and stock performance [2][3]

Group 1 - The board of directors guarantees the announcement's content is free from false records, misleading statements, or significant omissions, and assumes legal responsibility for its authenticity, accuracy, and completeness [1] - The meeting held on September 11, 2025, was conducted in accordance with the Company Law and the Articles of Association, with both on-site and online voting methods [2][6] - The attendance included 8 out of 10 current directors, 3 out of 4 current supervisors, and the Chief Financial Officer, indicating a high level of participation from the management team [3][4][5] Group 2 - Six resolutions were reviewed and passed during the meeting, including the reduction of registered capital, cancellation of the supervisory board, and amendments to the Articles of Association [6][7] - The first five resolutions were ordinary resolutions, requiring more than half of the voting rights to pass, while the sixth resolution was a special resolution, requiring two-thirds of the voting rights [7] - The meeting was witnessed by Yunnan Jian Guang Law Firm, confirming that the procedures followed legal and regulatory requirements [7]

云南建广律师事务所 关于云南驰宏锌锗股份有限公司 2025 年第一次临时股东大会的 法律意见书 2025年9月 — 1 — 云南建广律师事务所 关于云南驰宏锌锗股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：云南驰宏锌锗股份有限公司 云南建广律师事务所（以下简称"本所"）接受云南驰宏锌 锗股份有限公司（以下简称"公司"）委托，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》（以下简称"《证券法》"）、《上市公司股东大会规 则》（以下简称"《股东大会规则》"）等法律、法规及其他规 范性文件以及《云南驰宏锌锗股份有限公司章程》（以下简称 "《公司章程》"）的规定，就公司 2025 年第一次临时股东大 会（以下简称"本次股东大会"）相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司本次股东大会的 有关文件和材料。本所律师得到公司如下保证，即其已提供了本 所律师认为出具本法律意见书所必需的材料，所提供的原始材 料、副本、复印件等材料、口头证言均符合真实、准确、完整的 要求，有关副本、复印件材料与正本原始材料一致。 — 2 — 在本法律意见书中，本所律 ...

证券代码：600497 证券简称：驰宏锌锗 公告编号：2025-044 云南驰宏锌锗股份有限公司 2025年第一次临时股东大会决议公告 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）股东大会召开的时间：2025 年 9 月 11 日 （二）股东大会召开的地点：公司本部九楼三会议室 （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 | 1,747 | | --- | --- | | 2.出席会议的股东所持有表决权的股份总数（股） | 2,070,950,417 | | 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 | 41.0872 | | 份总数的比例（%） | | （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。 本次会议采取现场和网络投票表决的方式举行，会议由董事长杨美彦先生主 持，会议的召集和召开符合《公司法》和《公司章程》的有关规定。 （五）公司董事、监事和董 ...

证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025-043 云南驰宏锌锗股份有限公司 关于召开 2025 年半年度业绩说明会的公告 重要内容提示： 云南驰宏锌锗股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日在 上海证券交易所网站（www.sse.com.cn）披露《公司 2025 年半年度报告》，为 方便广大投资者更加全面深入地了解公司 2025 年半年度经营业绩和经营情况， 公司拟于 2025 年 9 月 18 日（星期四）16:00 至 17:00 召开 2025 年半年度业绩 说明会，现将有关事项公告如下： 一、说明会类型 本次业绩说明会以网络文字互动方式召开，公司将针对 2025 年半年度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间和地点 本次业绩说明会定于 2025 年 9 月 18 日（星期四）16:00-17:00 通过"约调 研"小程序以网络文字互动方式召开。 三、出席会议人员 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 ...

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a positive stock performance with a year-to-date increase of 10.46%, despite a slight decline of 0.66% in the last five trading days [2] Company Overview - Chihong Zn & Ge Co., Ltd. is located in Qujing City, Yunnan Province, and was established on July 18, 2000, with its stock listed on April 20, 2004 [2] - The company specializes in the mining, smelting, deep processing, and sales of lead, zinc, and germanium products [2] - The revenue composition is as follows: zinc products 60.71%, lead products 13.08%, silver products 11.51%, others 7.60%, zinc concentrate 2.10%, sulfuric acid 1.30%, and sulfur concentrate 0.52% [2] Financial Performance - For the first half of 2025, Chihong Zn & Ge achieved an operating income of 10.581 billion yuan, representing a year-on-year growth of 7.67%, and a net profit attributable to shareholders of 932 million yuan, up 3.27% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 7.344 billion yuan, with 1.981 billion yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders is 169,500, a decrease of 1.26% from the previous period, with an average of 30,035 circulating shares per person, an increase of 1.28% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder with 88.936 million shares, an increase of 8.6453 million shares from the previous period [3]

Core Viewpoint - Yunnan Chihong Zinc & Germanium Co., Ltd. is holding a shareholders' meeting on September 11, 2025, to discuss several key proposals including the reduction of registered capital and the cancellation of the supervisory board [1][2][3]. Group 1: Meeting Details - The meeting will combine on-site and online voting, taking place at the company's headquarters and through the Shanghai Stock Exchange's online voting system [1][2]. - Shareholders are required to sign in and confirm their attendance, and they have the right to speak and vote during the meeting [2]. Group 2: Proposals for Discussion - The company proposes to reduce its registered capital by RMB 50,911,085, following the cancellation of 50,911,085 shares, changing the total share capital from 5,091,291,568 shares to 5,040,380,483 shares [3][4]. - The supervisory board will be canceled, with its responsibilities transferred to the audit and risk management committee of the board [3][4]. - Amendments to the company's articles of association will be proposed to align with regulatory requirements and improve governance [4][5]. Group 3: Financial and Audit Matters - The company plans to renew the appointment of ShineWing Certified Public Accountants as its financial and internal control auditor for 2025, with audit fees expected to remain the same as in 2024 at RMB 1.89 million [8]. - A proposal for the distribution of cash dividends is also on the agenda, with a plan to distribute RMB 0.30 per 10 shares, totaling approximately RMB 151.21 million based on the current total share capital [9].

云南驰宏锌锗股份有限公司 云南驰宏锌锗股份有限公司 2025 年第一次临时股东大会 会议资料 2025 年 9 月 11 日 2025 年第一次临时股东大会 目录 | | | 目录 | 1.2025 | 年第一次临时股东大会会议议程 1 | | --- | --- | | 2.2025 | 年第一次临时股东大会现场会议须知 2 | | 3.关于审议减少公司注册资本、取消监事会暨修订<公司章程>的议案 3 | | | 4.关于审议修订《云南驰宏锌锗股份有限公司股东会议事规则》的议案 | 5 | | 5.关于审议修订《云南驰宏锌锗股份有限公司董事会议事规则》的议案 | 6 | | 6.关于审议修订《云南驰宏锌锗股份有限公司独立董事制度》的议案 | 7 | | 7.关于审议续聘公司 | 2025 年度财务及内部控制审计机构的议案 8 | | 8.关于审议公司 | 2025 年度中期权益分配实施的议案 9 | 2025 年第一次临时股东大会 会议议程 云南驰宏锌锗股份有限公司 2025 年第一次临时股东大会会议议程 | 会议投票方式 | 现场投票与网络投票相结合 | | --- | --- | | | 现场会议 年 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [3][5][31] Core Views - The company achieved a slight year-on-year increase of 3.3% in net profit attributable to shareholders in H1 2025, with total revenue reaching 10.6 billion yuan, up 7.7% [1][6] - The company is the largest producer of germanium globally, with a production capacity of 60 tons per year, which accounts for one-fourth of global output and one-third of domestic output. If germanium prices remain high, the company will benefit significantly [2][7] - The company plans to optimize production organization in the second half of the year to ensure stable and efficient production of its smelting systems [1][6] Financial Performance - In H1 2025, the company reported a net profit of 930 million yuan, with a net cash flow from operating activities of 2.16 billion yuan, reflecting a 34.7% increase [1][6] - The company’s lead and zinc concentrate production was 151,600 tons, a year-on-year increase of 2.29%, while smelting production decreased by 6.98% to 329,200 tons due to annual maintenance [1][6] - The forecast for net profit attributable to shareholders for 2025-2027 is 1.754 billion, 1.921 billion, and 2.003 billion yuan, respectively, with expected growth rates of 35.7%, 9.5%, and 4.2% [3][29] Price and Cost Factors - The zinc price in H1 2025 was 23,312 yuan per ton, an increase of 1,092 yuan per ton year-on-year, contributing approximately 270 million yuan to profits [2][7] - The processing fee for zinc smelting decreased by 352 yuan per ton year-on-year, leading to a reduction in profits by about 100 million yuan [2][7] Valuation Metrics - The current price-to-earnings (P/E) ratio is projected to be 17.4, 15.9, and 15.3 for the years 2025, 2026, and 2027, respectively [3][29] - The estimated earnings per share (EPS) for 2025, 2026, and 2027 are 0.34, 0.38, and 0.39 yuan, respectively [3][29]

Group 1 - The core viewpoint of the article highlights the growth in China's zinc production, with a projected output of 617,000 tons in July 2025, representing a year-on-year increase of 13.8% [1] - From January to July 2025, China's cumulative zinc production reached 4.166 million tons, showing a cumulative growth of 1.3% [1] Group 2 - The article lists several publicly traded companies in the zinc industry, including Zhongjin Lingnan (000060), Chihong Zn & Ge (600497), Luoping Zinc Electric (002114), and others [1] - The report referenced is from Zhiyan Consulting, which discusses investment strategies and market size forecasts for the electrolytic zinc industry in China from 2025 to 2031 [1]