Core Viewpoint - During the National Day and Mid-Autumn Festival holiday, international gold prices and domestic gold jewelry prices continued to rise, leading to a significant increase in A-share gold stocks on the first trading day after the holiday [1][5]. Price Trends - On October 9, the price of gold jewelry brands surged, with Chow Sang Sang's gold price reaching 1170 yuan per gram, an increase of 45 yuan compared to September 30 [3]. - Other brands such as Chow Tai Fook and Luk Fook also saw their gold prices rise to 1168 yuan per gram, up from 1123 yuan, while Lao Miao's gold price increased to 1160 yuan per gram, up 34 yuan [3][4]. Market Dynamics - Despite rising gold prices suppressing demand for gold jewelry, the consumption amount for gold jewelry reached a historical high in the first half of the year, with retail sales of gold and silver jewelry reaching 194.8 billion yuan, a growth of 11.3% [5]. - Various gold jewelry brands are seeking differentiated market positioning, moving away from price competition. Many brands have tightened discount strategies and emphasized unique craftsmanship and product features during sales [4]. Future Outlook - Analysts suggest that if the Federal Reserve further lowers interest rates and geopolitical tensions persist, gold prices may continue to rise. Predictions indicate that international gold prices could fluctuate between 3800 to 4100 dollars per ounce by the end of the year [6]. - Some institutions, like Bank of America, predict that gold prices could reach 4000 dollars this year, while UBS forecasts a potential long-term rise to 4200 dollars [6].

Group 1 - The metal lead concept increased by 6.14%, ranking second among concept sectors, with 33 stocks rising, including Zhejiang Fu Holdings, High Energy Environment, and Silver Nonferrous, which hit the daily limit [1] - Leading stocks in the metal lead sector included Yuguang Gold Lead, Tin Industry Co., and Chifeng Jilong Gold, which rose by 9.87%, 8.60%, and 8.52% respectively [1] Group 2 - The top concept sectors for the day included controllable nuclear fusion at 6.97%, metal lead at 6.14%, and superconducting concepts at 5.85% [2] - The metal lead sector experienced a net outflow of 268 million yuan, with 18 stocks seeing net inflows, and 6 stocks with inflows exceeding 100 million yuan [2] - The leading net inflow stock was Western Mining, with a net inflow of 245 million yuan, followed by China Metallurgical Group and Xingye Silver Tin with inflows of 223 million yuan and 221 million yuan respectively [2] Group 3 - In terms of capital inflow ratios, Zhejiang Fu Holdings, Silver Nonferrous, and Smart Agriculture had the highest net inflow rates at 38.25%, 19.18%, and 16.07% respectively [3] - The top stocks in the metal lead sector by net inflow included Western Mining with a 10% increase, China Metallurgical Group with a 7.53% increase, and Xingye Silver Tin with a 10% increase [3]

| 证券代码：600531 | 证券简称：豫光金铅 | 公告编号：临 | 2025-090 | | --- | --- | --- | --- | | 债券代码：110096 | 债券简称：豫光转债 | | | 河南豫光金铅股份有限公司 可转债转股结果暨股份变动公告 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： ●累计转股情况：截至 2025 年 9 月 30 日，累计有人民币 427,000 元"豫 光转债"转换成河南豫光金铅股份有限公司（以下简称"公司"）股票，占可 转债发行总量的 0.0601%；转股数量为 71,173 股，占可转债转股前公司发行股 份总额的 0.0065%。 ●未转股可转债情况：截至 2025 年 9 月 30 日，尚未转股的"豫光转债" 金额为人民币 709,573,000 元，占可转债发行总量的 99.9399%。 ●本季度转股情况："豫光转债"自 2025 年 2 月 16 日（非交易日顺延） 起开始转股，2025 年 7 月 1 日至 2025 年 9 月 30 日，共 ...

●公司控股股东河南豫光集团有限公司（以下简称"豫光集团"）2025 年 9 月 29 日解除可转债质押 50,000,000 元，无剩余质押公司可转债。 | 证券代码：600531 | 证券简称：豫光金铅 | 公告编号：临 2025-091 | | --- | --- | --- | | 债券代码：110096 | 债券简称：豫光转债 | | 河南豫光金铅股份有限公司（以下简称"公司"）近日接到控股股东豫光集 团通知，获悉豫光集团于 2025 年 9 月 29 日将原质押给云南国际信托有限公司的 50,000,000 元公司可转债，在中国证券登记结算有限责任公司办理完成解除质押 手续；此次解除质押后，豫光集团已无剩余质押的公司可转债。具体情况如下： 河南豫光金铅股份有限公司 | 股东名称 | 豫光集团 | | | | | --- | --- | --- | --- | --- | | 本次解质可转债数量（元） | | | 50,000,000 | | | 占公司可转债总发行量比例 | | | 7.04% | | | 解质时间 | 2025 年 月 | 9 | 29 | 日 | | 剩余被质押可转债数量（元） ...

Group 1: Core Developments in Fusion Energy - The BEST project in Hefei, Anhui, has achieved a significant breakthrough with the successful development and installation of the Dewar base, marking a new phase in the construction of the fusion energy experimental device [1] - The BEST device utilizes compact high-field superconducting tokamak technology and aims to demonstrate nuclear fusion power generation for the first time internationally by 2027 [1] - Germany's government has approved an action plan to build the world's first nuclear fusion power plant, with over €2 billion allocated for research and infrastructure by 2029 [1] Group 2: Policy Support and Market Outlook - The newly passed Atomic Energy Law in China encourages and supports controlled thermonuclear fusion research and technology development, effective from January 15, 2026 [2] - The law establishes a management system tailored to fusion characteristics, promoting the application of fusion technology [2] - Analysts from CITIC Securities and Open Source Securities express optimism about the long-term growth of the controlled fusion industry, citing increased financing and accelerated construction of facilities [2] Group 3: Financial Performance of Related Companies - Shanghai Electric leads in net financing buy-ins among fusion-related stocks, with a total of ¥16.38 billion, followed by companies like Western Superconducting and Yongding Co., which also show significant buy-ins [3] - Predictions indicate substantial profit growth for several companies in the fusion sector, with Yongding Co. expected to see a 451.02% increase in net profit by 2025 [6][3] - Companies like Western Superconducting and Shanghai Electric are also projected to experience over 40% growth in net profits, reflecting strong market interest and institutional support [6][3] Group 4: Technological Contributions and Innovations - Shanghai Electric has been involved in the "artificial sun" fusion project since 2000, showcasing its core equipment at the recent Industrial Expo [5] - Western Superconducting is actively engaging with major domestic fusion projects, leveraging its superconducting materials for fusion applications [5] - Hezhong Intelligent has contributed to the development of the vacuum chamber, a critical component of the BEST fusion device [7]

Group 1 - The industrial metal sector increased by 3.2% on September 30, with Jiangxi Copper leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] - Jiangxi Copper's stock price rose by 10.01% to 35.49, with a trading volume of 1.0371 million shares and a transaction value of 3.608 billion [1] Group 2 - The industrial metal sector experienced a net outflow of 296 million from institutional investors and 630 million from speculative funds, while retail investors saw a net inflow of 926 million [2][3] - Jiangxi Copper had a net inflow of 365 million from institutional investors, but a net outflow of 157 million from speculative funds and a net outflow of 207 million from retail investors [3] - Yunnan Copper saw a net inflow of 175 million from institutional investors, with a significant net outflow of 204 million from speculative funds [3]

会议文件 河南豫光金铅股份有限公司 2025 年 10 月 16 日 河南豫光金铅股份有限公司 2025 年第五次临时股东会会议文件 河南豫光金铅股份有限公司 河南豫光金铅股份有限公司 2025 年第五次临时股东会 2025 年第五次临时股东会会议议程 一、 投票方式：本次股东会采取现场投票和网络投票相结合的方式 二、 现场会议召开的日期、时间和地点 召开的日期时间：2025年10月16日 14点30分 会议地点：公司310会议室（河南省济源市荆梁南街1号） 三、网络投票的系统、起止日期和投票时间 股权登记日登记在册的公司股东可通过上海证券交易所股东会网络投票系 统行使表决权。通过交易系统投票平台的投票时间为2025年10月16日的交易时间 段，即9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为 2025年10月16日的9:15-15:00。 四、会议主持人：公司董事长赵金刚先生 五、议程： （一）宣布会议开始，介绍参会股东、股东代表人数和代表股份数； （二）提名并通过本次股东会计票人、监票人名单； （三）审议议案： 1、关于增加 2025 年度公司商品期货交易 ...

Group 1: Industry Overview - The non-ferrous metal sector has seen a significant upward trend, with a rise of over 3% as of September 30, driven by strong performances in copper, cobalt, lithium, and precious metals [1][3] - Key stocks such as Jiangxi Copper, Xiyu Co., and Shengtun Mining have reached their daily limit up, indicating robust market activity [1][3] Group 2: Stimulating Factors - Several favorable factors have contributed to the recent strength in the non-ferrous metal sector, including the release of the "Non-Ferrous Metal Industry Stabilization Growth Work Plan (2025-2026)" by multiple government departments [3] - The plan emphasizes the need for a scientific layout of projects in alumina, copper smelting, and lithium carbonate, aiming to avoid redundant low-level construction and enhance investment effectiveness [3] - The suspension of production at the Grasberg copper mine in Indonesia due to a landslide has raised global copper price expectations, with LME copper prices increasing by over 4% in the last five trading days [4] Group 3: Precious Metals Market - Gold prices have surged, with a year-to-date increase of over 47%, and current prices nearing $3,870 per ounce [5][6] - The precious metals market is expected to maintain a strong upward trend, driven by Federal Reserve policy, geopolitical risks, and physical demand, particularly as the traditional consumption peak season approaches in October [6][7] Group 4: Cobalt and Lithium Outlook - The extension of the cobalt export ban in the Democratic Republic of Congo until October 15 is anticipated to create a significant supply gap, with projections indicating that cobalt exports may only reach 44% of 2024 levels by 2026 [7] - Lithium prices are expected to remain stable due to tight supply-demand conditions, influenced by the approval progress of lithium mines in Jiangxi and strategic discussions regarding lithium resources in the U.S. [7]

Group 1 - The core point of the article is that Yuguang Jinlan (SH 600531) held its 22nd meeting of the 9th Board of Directors on September 29, 2025, to discuss increasing the margin amount for commodity futures trading in 2025 [1] - For the year 2024, Yuguang Jinlan's revenue composition is as follows: non-ferrous metals account for 49.24%, precious metals for 46.1%, other industries for 2.45%, chemicals for 2.02%, and other businesses for 0.19% [1] - As of the report date, Yuguang Jinlan has a market capitalization of 13.2 billion yuan [1] Group 2 - The article mentions a competitive situation in the beverage industry, where Nongfu Spring's green bottle launch has led to a significant decline in market share for Yibao, dropping nearly 5 percentage points [1]

| 证券代码：600531 | 证券简称：豫光金铅 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：110096 | 债券简称：豫光转债 | | 关于河南豫光金铅股份有限公司 开展期货和衍生品交易的公告 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法律责任。 重要内容提示： 一、交易情况概述 公司于 2025 年 1 月 22 日、2025 年 2 月 11 日分别召开第九届董事会第十二 次会议、第九届监事会第六次会议及 2025 年第一次临时股东大会，审议《关于 公司 2025 年度开展商品期货及外汇衍生品业务的议案》，同意 2025 年度公司商 品期货交易保证金额度不超过人民币 6 亿元。为提升公司应对有色金属与贵金属 价格波动的风险抵御能力，增强财务稳健性，在不影响正常经营且有效控制风险 的前提下，公司拟将 2025 年度商品期货交易保证金额度从不超过人民币 6 亿元 增加至不超过人民币 9 亿元，预计任一交易日持有的最高合约价值不超过 70 亿 元。 （一）交易目的 为了提高应对大宗原 ...