Group 1 - The core point of the article is that Chihong Zn & Ge Co., Ltd. held its 26th meeting of the 8th board of directors on October 24, 2025, to review the proposal for the company's Q3 2025 report [1] - For the first half of 2025, the revenue composition of Chihong Zn & Ge was as follows: non-ferrous metal mining and smelting accounted for 73.82%, other businesses accounted for 15.0%, and non-ferrous metal product trading accounted for 11.18% [1] - As of the report date, the market capitalization of Chihong Zn & Ge is 34.2 billion yuan [1] Group 2 - The article also mentions that Chinese innovative drugs have generated $80 billion in overseas licensing this year, highlighting a contrast between the hot secondary market in biomedicine and the cooling fundraising in the primary market [1]

证券代码：600497 证券简称：驰宏锌锗 公告编号：2025-047 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"）共同出资设立合资公司，联合打造稀有金属产业链延伸平台。其中公司 以持有的云南驰宏国际锗业有限公司（以下简称"驰宏锗业"）100%股权加现 金合计人民币 3 亿元出资，持有合资公司 20%的股权，具体内容详见公司 2025 年 8 月 28 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的公告》（公告编 号：临 2025-042）。 二、共同投资进展 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 上述成立合资公司事项正式签署了《出资协议》，主要内容如下 ...

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、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"）第八届董事会第二十六 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10月15日以电子邮件和专人送达的方式发出。 3.会议于2025年10月24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 2025-046 云南驰宏锌锗股份有限公司 第八届董事会第二十六次会议决议公告 审议通过《关于审议<公司2025年第三季度报告>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 第六次会议审议通过。 特此公告。 云南驰宏锌锗股份有限公司董事会 2025年10月25日 备查文件： 2.公司董事会审计与风险管理委员会2025年第六次会议决议 1 4.会议应出 ...

Financial Performance - Revenue for the third quarter reached CNY 6,597,147,630.18, an increase of 36.73% compared to the previous quarter[4]. - Net profit attributable to shareholders decreased by 31.44% to CNY 391,480,215.39, primarily due to a decline in lead and zinc product prices and maintenance shutdowns[4][9]. - Basic earnings per share fell by 30.75% to CNY 0.0777, reflecting the decrease in net profit[4][9]. - Total revenue for the first three quarters of 2025 reached ¥17.18 billion, an increase of 16.5% compared to ¥14.65 billion in the same period of 2024[22]. - Net profit for the first three quarters of 2025 was ¥1.31 billion, a decrease of 11.1% from ¥1.47 billion in the same period of 2024[23]. - The net profit attributable to the parent company's shareholders for the first three quarters of 2025 is approximately ¥1.32 billion, a decrease of 10.2% compared to ¥1.47 billion in the same period of 2024[24]. - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 is approximately ¥1.35 billion, compared to ¥1.44 billion in the same period of 2024, reflecting a decrease of 6.2%[24]. Cash Flow and Assets - Operating cash flow increased by 27.46% to CNY 1,255,891,710.96, driven by higher cash inflows from zinc smelting products[4][9]. - The company's cash and cash equivalents increased to ¥3.79 billion as of September 30, 2025, compared to ¥3.50 billion at the end of 2024, representing an increase of 8.0%[20]. - The cash inflow from operating activities for the first three quarters of 2025 is approximately ¥20.48 billion, an increase of 23.0% compared to ¥16.57 billion in the first three quarters of 2024[27]. - The net cash outflow from investing activities for the first three quarters of 2025 is approximately ¥794.83 million, an improvement from a net outflow of ¥1.42 billion in the same period of 2024[28]. - The net cash outflow from financing activities for the first three quarters of 2025 is approximately ¥2.33 billion, compared to a net outflow of ¥1.32 billion in the same period of 2024, indicating increased financing activities[28]. - The total cash inflow from financing activities for the first three quarters of 2025 is approximately ¥769.47 million, an increase from ¥697.13 million in the same period of 2024[28]. Production and Operations - The company produced 51.54 million tons of lead-zinc products in the first nine months of 2025, compared to 51.00 million tons in the same period of 2024[17]. - The production of zinc ingots was 22.40 million tons in the first nine months of 2025, down from 23.81 million tons in the same period of 2024[17]. - The company reported a lead concentrate production of 6.15 million tons in the first nine months of 2025, compared to 6.68 million tons in the same period of 2023[14]. - The company’s lead product output was 12.15 million tons in the first nine months of 2025, down from 13.21 million tons in the same period of 2023[17]. - The company’s total zinc concentrate production was 16.44 million tons in the first nine months of 2025, compared to 19.11 million tons in the same period of 2023[14]. - The company achieved a silver product output of 141.90 tons in the first nine months of 2025, compared to 116.09 tons in the same period of 2023[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 162,404[11]. - Yunnan Metallurgical Group Co., Ltd. holds 1,944,142,784 shares, accounting for 38.57% of total shares[12]. - The total number of shares held by the top 10 unrestricted shareholders is 2,044,122,881, representing 40.55% of total shares[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,914,586,007.14, a decrease of 1.72% from the previous year[5]. - Total assets as of September 30, 2025, amounted to ¥25.91 billion, a slight decrease from ¥26.37 billion at the end of 2024[20]. - Total liabilities decreased to ¥6.69 billion as of September 30, 2025, from ¥7.59 billion at the end of 2024, reflecting a reduction of 11.9%[21]. - The company's total non-current assets decreased to ¥22.13 billion as of September 30, 2025, from ¥22.87 billion at the end of 2024, a decline of 3.3%[21]. Research and Development - Research and development expenses for the first three quarters of 2025 were ¥98.63 million, an increase of 21.6% compared to ¥81.13 million in the same period of 2024[23]. Other Financial Metrics - The company's weighted average return on equity decreased by 34.29% to 2.36%[4][9]. - Accounts receivable increased by 95.22% due to uncollected payments for zinc alloy and germanium products[9]. - Non-recurring gains and losses totaled CNY 13,914,349.02 for the current period[7]. - The company's retained earnings increased to ¥2.71 billion as of September 30, 2025, compared to ¥2.05 billion at the end of 2024, reflecting a growth of 32.2%[21]. - The basic earnings per share for the first three quarters of 2025 is ¥0.2626, down from ¥0.2895 in the same period of 2024, representing a decline of 9.3%[24]. - The cash and cash equivalents at the end of the first three quarters of 2025 amount to approximately ¥1.19 billion, a decrease from ¥1.28 billion at the end of the same period in 2024[28]. - The company reported a tax refund of approximately ¥25.77 million in the first three quarters of 2025, compared to ¥48.47 million in the same period of 2024[27].

Core Viewpoint - The company reported a significant increase in revenue for the third quarter, but a notable decline in net profit compared to the previous year [1] Financial Performance - Third quarter revenue reached 6.597 billion, representing a year-on-year increase of 36.73% [1] - Net profit for the third quarter was 391 million, showing a decrease of 31.44% year-on-year [1] - For the first three quarters, total revenue amounted to 17.178 billion, with a year-on-year growth of 17.24% [1] - Net profit for the first three quarters was 1.324 billion, reflecting a decline of 10.18% compared to the same period last year [1]

Core Viewpoint - Yunnan Chihong Zinc & Germanium Co., Ltd. has approved a proposal to establish a joint venture with related parties to extend the rare metal industry chain [1] Group 1: Joint Venture Details - The company will collaborate with China Aluminum Group Co., Ltd., China Aluminum Corporation, Yunnan Copper Co., Ltd., and Chalco Capital Holdings Co., Ltd. to set up a joint venture [1] - The company will contribute a total of RMB 300 million, which includes 100% equity of Yunnan Chihong International Germanium Co., Ltd. and cash, to hold a 20% stake in the joint venture [1] - The formal signing of the investment agreement for the joint venture took place on October 24, 2025 [1]

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a positive stock performance with a year-to-date increase of 24.61% and a recent market capitalization of 34.174 billion yuan [1] Group 1: Stock Performance - As of October 23, Chihong Zn & Ge's stock price increased by 2.11% to 6.78 yuan per share, with a trading volume of 289 million yuan and a turnover rate of 0.86% [1] - The stock has experienced a 0.30% increase over the last five trading days, an 8.48% increase over the last 20 days, and a 20.21% increase over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Chihong Zn & Ge reported a revenue 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, reflecting a growth of 3.27% [2] Group 3: Shareholder Information - As of September 20, the number of shareholders for Chihong Zn & Ge was 166,800, a decrease of 1.60% from the previous period, with an average of 30,218 circulating shares per shareholder, an increase of 0.61% [2] - Cumulative cash dividends since the A-share listing amount to 7.344 billion yuan, with 1.981 billion yuan distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with significant increases in their holdings [3]

证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025-045 云南驰宏锌锗股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 10 月 30 日（星期四）上午 9:00 至 10:00。 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 10 月 23 日（星期四）至 10 月 29 日（星期三）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"）将于 2025 年 10 月 25 日 在上海证券交易所网站（www.sse.com. ...

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a positive stock performance with a year-to-date increase of 23.51%, despite a recent decline of 3.03% over the last five trading days [1] Group 1: Stock Performance and Market Activity - As of October 21, Chihong Zn & Ge's stock price rose by 2.13% to 6.72 CNY per share, with a trading volume of 1.55 billion CNY and a turnover rate of 0.46%, resulting in a total market capitalization of 33.871 billion CNY [1] - The net inflow of main funds was 24.60 million CNY, with large orders accounting for 21.37% of purchases and 13.52% of sales [1] - The stock has experienced a 6.16% increase over the past 20 days and a 19.79% increase over the past 60 days [1] Group 2: Financial Performance - For the first half of 2025, Chihong Zn & Ge reported a revenue of 10.581 billion CNY, reflecting a year-on-year growth of 7.67%, and a net profit attributable to shareholders of 932 million CNY, which is a 3.27% increase compared to the previous year [2] - Cumulatively, the company has distributed 7.344 billion CNY in dividends since its A-share listing, with 1.981 billion CNY distributed over the last three years [3] Group 3: Shareholder Information - As of September 20, the number of shareholders for Chihong Zn & Ge was 166,800, a decrease of 1.60% from the previous period, while the average number of circulating shares per person increased by 0.61% to 30,218 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.6453 million shares, and Southern CSI 500 ETF, which increased its holdings by 6.0947 million shares [3]

Core Viewpoint - The report highlights the growth trends in China's non-ferrous metal production, indicating a positive outlook for the industry from 2025 to 2031, with specific data on production volumes and growth rates [1]. Industry Summary - In April 2025, China's production of ten non-ferrous metals reached 6.76 million tons, reflecting a year-on-year increase of 3.1% [1]. - From January to April 2025, the cumulative production of these metals totaled 26.6 million tons, showing a cumulative growth of 2.3% [1]. - The report is based on data from the National Bureau of Statistics and is compiled by Zhiyan Consulting, a leading industry research institution in China [1].