Group 1 - The company, Chihong Zn & Ge Co., Ltd., indicated that it will consider shareholder demands while planning its annual production, operation, and investment strategies [1] - The company aims to ensure that shareholder returns are aligned with its development and growth [1] - The company is planning to coordinate dividend distribution and share repurchase matters [1]

Investment Rating - The report indicates a positive outlook for the non-ferrous metals industry, with a focus on ESG performance management among central enterprises [3][4]. Core Insights - The report evaluates 18 central enterprises in the non-ferrous metals sector based on an established ESG rating system, highlighting that 11 companies scored over 100 points, reflecting a systematic approach to ESG management [4][12]. - Environmental management is prioritized, with comprehensive disclosure on pollution control, waste management, and energy utilization, although there is room for improvement in areas like green mining and circular economy indicators [4][24]. - The report emphasizes the importance of climate-related governance, with many companies actively addressing climate change and setting reduction targets, though mechanisms for information acquisition need enhancement [4][42]. - Social responsibility is a key focus, with all companies covering social indicators, but there is a noted deficiency in disclosures related to technology ethics [4][61]. - Governance structures are generally robust, but there is a need for improvement in due diligence practices, particularly concerning compliance checks of supply chain partners [4][75]. Summary by Sections 1. Overall Scores and ESG Governance - The overall ESG scores for the 18 central enterprises are high, with 61.1% scoring above 100 points, indicating a well-established ESG management framework [12]. 2. Importance Assessment: Need for Third-Party Verification - All companies disclosed financial and impact importance assessments, but only 11% provided third-party verification, indicating a gap in independent validation [16][17]. 3. Environmental: Mature Disclosure, Comprehensive Management - Environmental indicators show high scores, with 67% of companies achieving full marks, reflecting strong environmental protection awareness [24][27]. 4. Climate: Accelerating Disclosure Framework - 67% of companies received full scores for climate-related disclosures, demonstrating a high level of commitment to addressing climate change [42][49]. 5. Social: Commitment to Social and Management Responsibilities - Social responsibility indicators are fully covered by all companies, but technology ethics disclosures are lacking [61][64]. 6. Governance: Well-Structured, Need for Enhanced Due Diligence - Governance structures are generally well-defined, with high coverage of governance mechanisms, but due diligence practices require further development [75][76].

Core Points - The Shanghai Composite Index is at 3970.29 points with a change of 0.26%, and the total trading volume of A-shares is 1,534.396 billion yuan [1] - A total of 80 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] Summary of Companies - **Beifang Copper (000737)**: Today's change is +0.41%, with a 5-day moving average of 15.35 yuan, which is -1.96% lower than the 10-day moving average of 15.66 yuan [1] - **Huali Co., Ltd. (603038)**: Today's change is +2.30%, with a 5-day moving average of 20.29 yuan, which is -1.81% lower than the 10-day moving average of 20.67 yuan [1] - **Suotong Development (603612)**: Today's change is +2.12%, with a 5-day moving average of 24.45 yuan, which is -1.61% lower than the 10-day moving average of 24.85 yuan [1] - **New Lai Materials (300260)**: Today's change is +0.34%, with a 5-day moving average of 58.73 yuan, which is -1.55% lower than the 10-day moving average of 59.65 yuan [1] - **Lianchuang Optoelectronics (600363)**: Today's change is -0.29%, with a 5-day moving average of 61.53 yuan, which is -1.33% lower than the 10-day moving average of 62.36 yuan [1] - **Guangfa Securities (000776)**: Today's change is +0.27%, with a 5-day moving average of 22.61 yuan, which is -1.26% lower than the 10-day moving average of 22.90 yuan [1] - **China Electric Research (688128)**: Today's change is +0.77%, with a 5-day moving average of 31.90 yuan, which is -1.20% lower than the 10-day moving average of 32.29 yuan [1] - **StarNet (002396)**: Today's change is -0.73%, with a 5-day moving average of 26.52 yuan, which is -1.01% lower than the 10-day moving average of 26.79 yuan [1] - **Shan Zi Gaoke (000981)**: Today's change is +1.84%, with a 5-day moving average of 3.94 yuan, which is -0.93% lower than the 10-day moving average of 3.98 yuan [1] - **ST Weier (002058)**: Today's change is +1.78%, with a 5-day moving average of 25.25 yuan, which is -0.92% lower than the 10-day moving average of 25.49 yuan [1] - **Titan Chemical (002145)**: Today's change is +2.80%, with a 5-day moving average of 5.51 yuan, which is -0.85% lower than the 10-day moving average of 5.56 yuan [1] - **Hank Technology (688006)**: Today's change is +2.84%, with a 5-day moving average of 31.95 yuan, which is -0.82% lower than the 10-day moving average of 32.21 yuan [1] - **Inner Mongolia First Machinery (600967)**: Today's change is +0.60%, with a 5-day moving average of 18.61 yuan, which is -0.80% lower than the 10-day moving average of 18.76 yuan [1] - **Liangjiu 12 (301592)**: Today's change is -0.24%, with a 5-day moving average of 124.73 yuan, which is -0.77% lower than the 10-day moving average of 125.69 yuan [1] - **Zhongwu Robotics (688297)**: Today's change is +0.06%, with a 5-day moving average of 47.82 yuan, which is -0.77% lower than the 10-day moving average of 48.19 yuan [1] - **Chihong Zn & Ge (600497)**: Today's change is +0.62%, with a 5-day moving average of 6.63 yuan, which is -0.76% lower than the 10-day moving average of 6.68 yuan [1] - **Dadi (688077)**: Today's change is -0.27%, with a 5-day moving average of 34.01 yuan, which is -0.74% lower than the 10-day moving average of 34.26 yuan [1]

Core Points - The company announced a cash dividend distribution of 0.03 CNY per share (before tax) [3][4] - The total cash dividend to be distributed amounts to 151,211,414.49 CNY (before tax) based on a total share capital of 5,040,380,483 shares [3][4] - The profit distribution plan was approved at the company's first extraordinary general meeting of shareholders on September 11, 2025 [2] Distribution Plan - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the close of trading on the registration date [3] - The company will directly distribute cash dividends to China Aluminum Group Co., Ltd. and Yunnan Metallurgical Group Co., Ltd. [3][4] - The distribution is set for the first half of 2025 [4] Taxation Details - For individual shareholders holding shares for over one year, the dividend income is exempt from individual income tax [6] - For shares held for one year or less, the actual cash dividend received will be subject to tax based on the holding period, with a maximum tax rate of 20% for shares held for one month or less [6] - Qualified Foreign Institutional Investors (QFII) will receive a net dividend of 0.027 CNY per share after a 10% withholding tax [7][8] - Hong Kong investors holding shares through the Shanghai-Hong Kong Stock Connect will also receive a net dividend of 0.027 CNY per share after a 10% withholding tax [8] - Other institutional investors and corporate shareholders will receive the full cash dividend of 0.03 CNY per share without withholding tax [9]

Core Points - The company announced a cash dividend distribution of CNY 0.03 per share (including tax) for the first half of 2025 [2][4] - The total cash dividend to be distributed amounts to CNY 151,211,414.49 (including tax) based on a total share capital of 5,040,380,483 shares [4] Distribution Plan - The dividend distribution plan was approved at the company's first extraordinary general meeting on September 11, 2025 [3] - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the registration date [4] Implementation Details - Cash dividends for unrestricted circulating shares will be distributed through the clearing system of the China Securities Depository and Clearing Corporation [5] - Shareholders who have completed designated transactions can receive their cash dividends on the distribution date at their designated securities business department [5] Taxation Information - For individual shareholders and securities investment funds, dividends are subject to different tax treatments based on the holding period [8] - For shares held for over one year, dividends are exempt from individual income tax; for shares held for one year or less, the actual cash dividend received is CNY 0.03 per share, with tax calculated upon stock transfer [8] - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net cash dividend of CNY 0.027 per share [8][9]

Group 1 - The company Chihong Zn & Ge announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.03 yuan per share (tax included) for A-shares [1] - The record date for the dividend is set for November 10, 2025, with the ex-dividend date and cash dividend payment date both scheduled for November 11, 2025 [1]

云南驰宏锌锗股份有限公司 证券代码：600497 证券简称：驰宏锌锗 公告编号：2025-049 本次利润分配方案经公司2025 年 9 月 11 日的2025年第一次临时股东大会审议 通过。 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.03元（含税）。 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/10 | － | 2025/11/11 | 2025/11/11 | 差异化分红送转：否 一、通过分配方案的股东会届次和日期 二、分配方案 （一）发放年度：2025年半年度 （二）分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 （三）分配方案： 本次利润分配以方案实施前的公司总股本5,040, ...

Core Points - The company announced that the profit distribution plan for the first half of 2025 has been approved at the first extraordinary general meeting of shareholders in 2025 [1] - The profit distribution is based on a total share capital of 5.04 billion shares, with a cash dividend of 0.03 yuan per share (including tax), totaling 151 million yuan (including tax) [1] - The record date for the distribution of dividends is November 10, 2025, with the ex-dividend date and cash dividend payment date set for November 11, 2025 [1] - Different types of shareholders will have varying tax deduction situations [1]

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has demonstrated significant growth in its financial performance for the third quarter of 2025, with a notable increase in revenue and cash flow, indicating a strong operational foundation for future development [1][2]. Financial Performance - In Q3 2025, Chihong Zn & Ge achieved an operating revenue of 6.597 billion yuan, a substantial increase of 36.73% compared to the same period last year [1]. - For the first three quarters, the cumulative operating revenue reached 17.178 billion yuan, reflecting a year-on-year growth of 17.24% [1]. - The net cash flow from operating activities in Q3 was 1.249 billion yuan, marking a year-on-year increase of 27.46% [1]. - The cumulative net cash flow for the first three quarters grew by 31.96% year-on-year [1]. Operational Efficiency - The significant improvement in cash flow indicates enhanced operational efficiency, particularly in cost control, accounts receivable management, and overall operational system optimization [1]. - This financial strength provides a solid foundation for the company to navigate market fluctuations and support future growth [1]. Product Structure Optimization - Chihong Zn & Ge is actively optimizing its product structure, with high-value-added product output showing rapid growth [2]. - In the first three quarters, the production of lead and zinc smelting products increased by 1.06%, while zinc alloy production rose by 18.48% year-on-year [2]. - Silver product output, a key pillar for diversified profitability, grew by 29.62% year-on-year, enhancing the company's revenue sources and risk resilience [2]. Innovation and R&D Investment - The company invested 98.6284 million yuan in R&D during the reporting period, representing a year-on-year increase of 21.54% [2]. - This investment reflects a strong commitment to technological innovation, process upgrades, and new product development, reinforcing the company's long-term competitive advantage [2].

Core Insights - A new company named China Aluminum Qianxing (Chengdu) Technology Co., Ltd. has been established with a registered capital of 1.5 billion RMB [1] - The company is involved in the research and development of new materials and electronic specialized materials, as well as the manufacturing of these materials [1] - Shareholders of the company include China Aluminum Group Co., Ltd., Chihong Zn & Ge Co., Ltd. (stock code: 600497), and Yunnan Copper Co., Ltd. (stock code: 000878) [1]