证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025－021 云南驰宏锌锗股份有限公司 第八届监事会第十四次会议决议公告 本公司监事会及全体监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个别及连带责任。 一、监事会会议召开情况 1.云南驰宏锌锗股份有限公司（以下简称"公司"）第八届监事会第十四次 会议的召集和召开符合《公司法》《证券法》《上海证券交易所股票上市规则》 和《公司章程》等有关规定。 2.会议通知于2025年4月17日以电子邮件的方式发出。 二、监事会会议审议情况 1.审议通过《关于审议<公司2025年第一季度报告>的议案》。 经认真审查，监事会认为： （1）《公司2025年第一季度报告》的编制和审议程序符合有关法律法规、 《公司章程》和公司内部管理制度的各项规定。 （2）《公司2025年第一季度报告》的内容和格式符合上海证券交易所对季 度报告的披露要求，所包含的信息能够客观、真实、公允地反映公司报告期内的 经营业绩和财务状况。 （3）在出具本意见前，未发现参与《公司2025年第一季度报告》编制和审 议的人员有违反保密规定的行为。 ...

一、董事会会议召开情况 1.云南驰宏锌锗股份有限公司（以下简称"公司"）第八届董事会第二十二 次会议的召集和召开符合《公司法》《证券法》《上海证券交易所股票上市规则》 和《公司章程》等有关规定。 2.会议通知于2025年4月17日以电子邮件和专人送达的方式发出。 3.会议于2025年4月22日以通讯方式召开。 证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025-020 云南驰宏锌锗股份有限公司 第八届董事会第二十二次会议决议公告 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个别及连带责任。 1.审议通过《关于审议<公司 2025 年第一季度报告>的议案》（具体内容详 见上海证券交易所网站：www.sse.com.cn）。 表决结果：同意10票，反对0票，弃权0票。 本议案提交董事会审议前，已经公司董事会审计与风险管理委员会2025年第 二次会议审议通过。 特此公告。 云南驰宏锌锗股份有限公司董事会 2.公司董事会审计与风险管理委员会2025年第二次会议决议 4.会议应出席董事10人，实际出席董事10人。 二、董事会会议 ...

云南建广律师事务所 关于云南驰宏锌锗股份有限公司 2024 年年度股东大会的 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，指派本所律师对公司 2024 年 年度股东大会 （以下简称"本次股东大会"）的合法性进行现场见证 并出具法律意见。 本法律意见书根据《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》"）、中 国证券监督管理委员会（以 下简称"中国证监会"）《上市公司股东大 会规则》（以下简称"《股东大会规则》"） 等现行有效的法律、法规 、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》"）的规定而出具。 1 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。 在本法律意见书中，本所律师仅对本次股东大会的召集、召开程序 、 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,144,124,667.46, representing a 10.10% increase compared to CNY 4,672,162,549.90 in the same period last year[4] - The net profit attributable to shareholders was CNY 494,373,172.45, showing a slight increase of 1.40% from CNY 487,535,414.51 year-on-year[4] - Total operating revenue for Q1 2025 reached ¥5,144,124,667.46, an increase of 10.1% compared to ¥4,672,162,549.90 in Q1 2024[19] - Net profit for Q1 2025 was ¥492,126,683.75, compared to ¥482,377,627.42 in Q1 2024, representing a growth of 2.0%[20] - The net profit attributable to shareholders of the parent company for Q1 2025 was ¥494,373,172.45, up from ¥487,535,414.51 in Q1 2024, indicating an increase of 1.7%[21] - Basic and diluted earnings per share for Q1 2025 were both ¥0.0971, compared to ¥0.0958 in Q1 2024, showing an increase of 1.4%[21] Cash Flow and Liquidity - The net cash flow from operating activities increased by 58.97% to CNY 1,132,181,213.40, up from CNY 712,212,663.99 in the previous year[4] - The company's cash and cash equivalents increased to RMB 1,578,676,640.15 from RMB 961,176,705.00, reflecting a significant growth in liquidity[14] - The total cash inflow from operating activities in Q1 2025 was ¥5.78 billion, up from ¥4.61 billion in Q1 2024, reflecting a growth of 25.3%[24] - Cash outflows from operating activities totaled ¥4.64 billion in Q1 2025, compared to ¥3.89 billion in Q1 2024, representing an increase of 19.4%[24] - The ending cash and cash equivalents balance for Q1 2025 was ¥1.52 billion, an increase from ¥1.25 billion in Q1 2024[25] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 26,572,939,237.96, a 0.78% increase from CNY 26,368,403,366.41 at the end of the previous year[4] - Total liabilities as of March 31, 2025, were ¥7,363,251,808.72, a slight decrease from ¥7,585,197,192.98 as of December 31, 2024[17] - The total liabilities amounted to RMB 4,749,470,385.68, a slight decrease from RMB 4,808,690,596.33 at the end of 2024[16] - The total current assets reached RMB 3,855,333,598.04, compared to RMB 3,501,822,046.42 at the end of 2024, indicating a growth of approximately 10.1%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 170,598[9] - The largest shareholder, Yunnan Metallurgical Group Co., Ltd., holds 1,944,142,784 shares, accounting for 38.19% of the total shares[11] - Total equity attributable to shareholders of the parent company was ¥16,731,335,411.57 as of March 31, 2025, compared to ¥16,302,608,557.25 at the end of 2024, reflecting an increase of 2.6%[17] Research and Development - The company reported a 46.83% increase in R&D expenses, reflecting a commitment to technological innovation and increased investment in research[7] Production and Inventory - The production of lead and zinc concentrates in Q1 2025 was 6.96 million metal tons, a decrease of 1.74 million metal tons year-on-year, primarily due to operational impacts from safety system optimization projects[13] - The company reported a total inventory of RMB 1,641,661,866.73 as of March 31, 2025, down from RMB 2,031,390,969.48 at the end of 2024[15] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency and product offerings[12]

重要内容提示： 会议召开时间：2025 年 4 月 30 日（星期三）上午 10:00 至 11:00。 会议召开地点： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com）。 会议召开方式：上证路演中心网络文字互动。 投资者可于 2025 年 4 月 23 日（星期三）至 4 月 29 日（星期二）下午 17:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （chxz600497@chinalco.com.cn）就所关注的问题进行提问，公司将在说明会上 对投资者普遍关注的问题进行回答。 云南驰宏锌锗股份有限公司（以下简称"公司"）已于 2025 年 4 月 23 日在 上海证券交易所网站（www.sse.com.cn）披露《公司 2025 年第一季度报告》， 为方便广大投资者更加全面深入地了解公司 2025 年第一季度经营业绩和经营情 况，公司拟于 2025 年 4 月 30 日（星期三）上午 10:00 至 11:00 召开 2025 年第一 季度业绩说明会，对投资者普遍关心的问题进行回答。现将有关事项公告如下 ...

Core Viewpoint - Chihong Zn & Ge Co., Ltd. reported a revenue of 5.144 billion yuan in the first quarter of 2025, reflecting a year-on-year growth of 10.10%. The net profit reached 494 million yuan, showing a year-on-year increase of 1.40% [1] Financial Performance - The company's revenue for Q1 2025 was 5.144 billion yuan, which is a 10.10% increase compared to the same period last year [1] - The net profit for the same period was 494 million yuan, representing a 1.40% growth year-on-year [1]

云南驰宏锌锗股份有限公司 云南驰宏锌锗股份有限公司 2024 年年度股东大会 会议资料 2025 年 4 月 22 日 2024 年年度股东大会 目录 | 1.听取《公司独立董事 2024 年度述职报告》 1 | | | --- | --- | | 2024 年度董事会工作报告》的议案 2 | 2.关于审议《公司 | | 2024 年度监事会工作报告》的议案 13 | 3.关于审议《公司 | | 2024 年度财务决算报告》的议案 19 | 4.关于审议《公司 | | 2025 年度财务预算报告》的议案 26 | 5.关于审议《公司 | | 2024 年度利润分配方案的议案 28 | 6.关于审议公司 | | 2024 年年度报告》及其摘要的议案 30 | 7.关于审议《公司 | | 8.关于审议中铝财务有限责任公司为公司提供金融服务的议案 31 | | | 9.关于审议预计公司 2025 年度日常关联交易事项的议案 39 | | | 10.关于审议公司董事及监事 2024 年度薪酬的议案 45 | | | 11.关于审议继续为公司董事、监事、高级管理人员购买责任险的议案 47 | | 2024 年年度股东大 ...

Core Insights - The company reported a revenue of 18.8 billion yuan for 2024, a year-on-year decrease of 14.8% [1] - Net profit attributable to shareholders was 1.29 billion yuan, down 14.2% year-on-year, while the non-recurring net profit was 1.4 billion yuan, a decrease of 9.6% [1] - The fourth quarter saw a revenue of 4.15 billion yuan, a significant decline of 25.5% year-on-year and 14.0% quarter-on-quarter [1] Production and Supply - The company's lead and zinc concentrate production for 2024 was 75,000 and 215,000 metric tons, respectively, down 15.1% and 14.9% year-on-year [1] - Lead and zinc product production was 166,000 and 485,000 tons, reflecting year-on-year decreases of 7.4% and 6.4% [1] - The decline in production was attributed to project renovations and safety system optimizations at mining sites [1] Profitability and Costs - The company experienced an increase in overall expense ratios, with total sales, management, R&D, and financial expense ratios at 7.66%, up 2.13 percentage points year-on-year [2] - Gross margin and net margin for 2024 were 17.71% and 6.87%, respectively, showing improvements of 1.64 and 0.35 percentage points year-on-year [2] - Average prices for lead and zinc in 2024 were 17,200 and 23,400 yuan per ton, up 10.1% and 8.2% year-on-year [2] Financial Health - The company's debt levels decreased, with short-term and long-term borrowings at 1.21 billion and 610 million yuan, down 11.6% and 1.0% year-on-year [3] - The asset-liability ratio was 28.8%, a reduction of 2.4 percentage points year-on-year, indicating improved financial stability [3] - The company plans to distribute a cash dividend of 660 million yuan, representing 51.2% of the net profit attributable to shareholders for 2024 [3] Future Outlook - The company has revised down its profit forecasts for 2025 and 2026, now expecting net profits of 1.75 billion and 2.0 billion yuan, respectively [3] - The long-term development trend for the company's lead, zinc, and germanium businesses remains positive, maintaining a "buy" rating [3]

1 回购方案首次披露日 2024 年 9 月 24 日 回购方案实施期限 2024 年 10 月 11 日至 2025 年 10 月 10 日 预计回购金额 人民币 1.45 亿元至 2.90 亿元 回购用途 减少注册资本 累计已回购股数 11,148,008 股 累计已回购股数占总股本比例 0.22% 累计已回购金额 人民币 6,177.62 万元 实际回购价格区间 5.42 元/股—5.67 元/股 重要内容提示： 购资金来源暨收到回购专项贷款承诺函的公告》（公告编号：临 2025-002），将 本期回购计划的资金来源由"自有资金"调整为"自有资金和自筹资金（含银行 回购专项贷款等）"。 证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025—018 云南驰宏锌锗股份有限公司 关于以集中竞价交易方式回购股份进展的公告 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个别及连带责任。 一、回购股份的基本情况 云南驰宏锌锗股份有限公司（以下简称"公司"）分别于 2024 年 9 月 23 日、 2024 年 10 月 11 日 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4][35] Core Views - The company is expected to face a decline in net profit for 2024, with a projected decrease of 14% year-on-year, resulting in a net profit of 1.29 billion yuan and revenue of 18.8 billion yuan, also down by 14.8% [8][4] - The decline in production is attributed to the implementation of safety system optimization projects and the disposal of fixed assets that have reached the end of their useful life [8][4] - The company benefits from rising prices of lead, zinc, and germanium, which are expected to contribute positively to profits if maintained at high levels [9][10] Financial Performance Summary - In 2024, the company achieved a revenue of 18.8 billion yuan, a decrease of 14.8% year-on-year, and a net profit of 1.29 billion yuan, down 14.24% [8][5] - The operating cash flow for 2024 was 2.37 billion yuan, reflecting a significant decline of 34.4% [8] - The company’s lead production was 75,000 tons, down 1.33 million tons year-on-year, while zinc production was 214,800 tons, down 3.75 million tons [9][2] Production and Pricing Insights - The lead price in 2024 was 17,141 yuan per ton, an increase of 1,529 yuan per ton year-on-year, while the zinc price was 23,419 yuan per ton, up 1,791 yuan per ton [9][2] - The company is the largest germanium producer globally, with a production capacity of 60 tons per year, which accounts for 25% of global output [10][3] Future Profitability Forecast - The company is projected to achieve net profits of 1.545 billion yuan, 1.702 billion yuan, and 1.777 billion yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 19.5%, 10.1%, and 4.4% [4][32] - The estimated diluted EPS for the same years is expected to be 0.30 yuan, 0.33 yuan, and 0.35 yuan [4][32]