Group 1 - The metal zinc concept has seen a rise of 2.71%, ranking fourth among concept sectors, with 32 stocks increasing in value, including notable gainers such as Zhongse Co., Hunan Silver, and Wolong New Energy, which hit the daily limit up [1][2] - The leading stocks in the zinc sector by net inflow of main funds include Zhongse Co. with a net inflow of 211 million yuan, followed by Hunan Silver and Huayu Mining with net inflows of 163 million yuan and 137 million yuan respectively [2][3] - The net inflow ratio of main funds for Zhongse Co., CITIC Metal, and Guocheng Mining are 26.70%, 13.20%, and 12.90% respectively, indicating strong investor interest [3][4] Group 2 - The overall market performance shows that the zinc sector is part of a broader trend, with other sectors like rare earth permanent magnets and MLOps also experiencing gains, while sectors such as housing inspection and PCB concepts faced declines [2] - The trading volume and turnover rates for leading stocks in the zinc sector indicate active trading, with Zhongse Co. achieving a turnover rate of 7.30% and Hunan Silver at 14.93% [3][4] - Stocks such as Dazhong Mining and Hongda Co. experienced declines of 2.88% and 0.46% respectively, highlighting the mixed performance within the sector [1][5]

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-035 号 西藏华钰矿业股份有限公司 2025 年半年度业绩预增公告 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： 本期业绩预告适用于实现盈利，且净利润与上年同期相比上升50%以上 的情形。 经西藏华钰矿业股份有限公司（以下简称"公司"）财务部门初步测算， 预计2025年半年度实现归属于上市公司股东的净利润为17,300万元到22,900 万元，与上年同期（法定披露数据）相比，将增加6,378.61万元到11,978.61 万元，同比增加58.40%到109.68%。 预计归属于上市公司股东扣除非经常性损益的净利润为15,900万元到 21,200万元，与上年同期（法定披露数据）相比，将增加5,568.54万元到 10,868.54万元，同比增加53.90%到105.20%。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年6月30日 （二）业绩预告情况 1、经公司财务部门初步测算，预计2025年半年度实现归属于上市公 ...

Group 1 - The non-ferrous metal sector experienced a decline at the beginning of trading, with significant drops in stock prices [1] - Jingyi Co., Ltd. (002295) fell over 7%, indicating a notable downturn in its market performance [1] - Other companies such as Northern Copper Industry (000737) and Feinan Resources (301500) also saw declines exceeding 5% [1] Group 2 - Tengyuan Cobalt Industry (301219), Huayu Mining (601020), and Huaxi Nonferrous Metals (600301) all faced downward pressure in their stock prices [1]

Group 1 - Gold stocks experienced a significant afternoon rally, with Shandong Gold (600547) rising over 5% [1] - Xiaocheng Technology (300139) saw an increase of more than 4% [1] - Other companies such as Shanjin International (000975), Huayu Mining (601020), and Western Gold (601069) also followed the upward trend [1]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend with LME copper prices increasing by 2.26% to $9,879.00 per ton, while domestic copper prices rose by 2.47% to 79,900 yuan per ton. Supply-side pressures are evident as the processing fee for imported copper concentrate has dropped to -$44.81 per ton, indicating potential supply constraints [1][13] - The aluminum market is stabilizing at the bottom, with LME aluminum prices up by 1.31% to $2,595.00 per ton. However, the operating rate of leading aluminum cable enterprises has decreased to 61.8%, reflecting ongoing demand challenges [2][14] - Gold prices have decreased by 2.90% to $3,286.10 per ounce, influenced by geopolitical tensions and a reduction in SPDR gold holdings, indicating a temporary decline in gold's safe-haven appeal [3][15] - The rare earth sector is experiencing upward momentum, driven by export controls and stable production levels, with expectations of improved supply-demand dynamics and potential price support [3][27][30] Summary by Sections 1. Overview of Bulk and Precious Metals Market - Copper prices are on the rise, with a slight increase in inventory and a decrease in processing fees indicating potential supply issues [1][13] - Aluminum prices are stabilizing, but demand remains weak as indicated by declining operating rates in the industry [2][14] - Precious metals, particularly gold, are facing downward pressure due to geopolitical factors and reduced investment interest [3][15] 2. Updates on Bulk and Precious Metals Fundamentals 2.1 Copper - The copper market is experiencing a robust demand outlook, with potential supply constraints due to declining processing fees and reduced operating rates in key sectors [1][13] 2.2 Aluminum - The aluminum market is stabilizing, but the demand outlook remains weak, as evidenced by declining operating rates in the aluminum cable sector [2][14] 2.3 Precious Metals - Gold prices are under pressure due to geopolitical tensions and a decrease in ETF holdings, reflecting a temporary decline in its safe-haven status [3][15] 3. Updates on Minor Metals and Rare Earths - The rare earth sector is expected to benefit from improved supply-demand dynamics and stable production levels, with potential price support anticipated [3][27][30] - The antimony market is facing downward price pressure, but upcoming regulatory changes may provide a demand boost [4][31] - Molybdenum prices are stabilizing, with low inventory levels and strong demand from the steel sector indicating a positive outlook [4][32] 4. Updates on Energy Metals - Lithium prices have shown slight declines, but production levels are increasing, indicating a stable supply outlook [5] - Cobalt prices have increased, reflecting strong demand in battery applications, while nickel prices are mixed with slight fluctuations [5]

Core Viewpoint - The company, Tibet Huayu Mining Co., Ltd., has responded to the regulatory inquiry regarding its 2024 annual report, addressing concerns about its financial practices, particularly related to interest expenses and related party transactions [1][2]. Financial Performance - As of the end of the reporting period, the company's cash balance was 298 million yuan, representing a year-on-year increase of 70.29% [2]. - The company had interest-bearing liabilities totaling 506 million yuan, with interest expenses of 69.28 million yuan, significantly exceeding interest income of 2.02 million yuan, indicating a high average interest rate of approximately 9% on liabilities compared to an average return of 1.2% on cash [2]. Related Party Transactions - The company has provided financial assistance to its subsidiary, Tal Aluminum Industry, involving a non-controlling shareholder, Tajik Aluminum Company, with a cumulative amount of 9.39 million yuan and a year-end balance of 10.41 million yuan [2]. - The company clarified the background of transactions with Tajik Aluminum Company, including the interest rate of 13% on a loan of 1.35 million USD for a one-year term, which was approved by the board of directors [4][5]. Compliance with Regulations - The company stated that the decision-making and disclosure processes for the financial assistance provided to Tajik Aluminum Company complied with the Shanghai Stock Exchange's regulations and internal governance rules [6][10]. - The loan amount of 1.36 million somoni in 2024 represented 0.3241% of the company's audited net assets, thus not requiring shareholder meeting approval [9][10]. Internal Control and Audit - The company maintained effective internal controls over financial reporting as of December 31, 2024, according to the internal control evaluation report and the audit report from the accounting firm [10].

西藏华钰矿业股份有限公司(以下简称"公司"、或"华钰矿业")于 2025 年 5 月 29 日收到贵所下发的《关于西藏华钰矿业股份有限公司 2024 年年度报 告的信息披露监管问询函》（上证公函《2025】0697 号,以下简称"监管问询 函"),立信会计师事务所(特殊普通合伙)(以下简称"会计师"、"本所"、 "年审会计师") 对于监管问询函中提到的需要会计师说明或发表意见的问题 进行了认真分析与核查,现对监管问询函中相关的问题进行回复,具体内容如下; 在本回复中,除非文义载明,相关简称与《西藏华钰矿业股份有限公司 2024 年年度报告》中"释义"所定义的词语或简称具有相同的含义。本文涉及数字均 按照四舍五入保留两位小数,合计数与分项有差异系四舍五入尾差造成。 立信会计师事务所（特殊普通合伙） 关于西藏华钰矿业股份有限公司 2024 年年度报告的信息披露监管问 询函的回复 信会师报字[2025]第 ZB11583 号 立信会计师事务所(特殊普通合伙) 关于西藏华钰矿业股份有限公司 2024 年年度报告的信息披露监管问询函的回复 信会师报字[2025]第 ZB11583 号 上海证券交易所上市公司管理一部 : ...

北京德恒（济南）律师事务所 关于西藏华钰矿业股份有限公司 2024 年年度报告的 信息披露监管问询函的回复 山东省济南市高新区舜泰北路 567 号银丰科技公园 2 号楼 电话：+86 531-8166 3606 传真：+86 531-8166 3607 邮编：250102 北京德恒（济南）律师事务所 关于西藏华钰矿业股份有限公司 2024 年年度报告的 信息披露监管问询函的回复 德恒 11G20240040-05 号 上海证券交易所上市公司管理一部： 西藏华钰矿业股份有限公司（以下简称"华钰矿业"或"公司"）于 2025 年 5 月 29 日收到贵所下发的《关于西藏华钰矿业股份有限公司 2024 年年度报告的信 息披露监管问询函》（上证公函[2025]0697 号，以下简称"监管问询函"），北京 德恒（济南）律师事务所（以下简称"本所"）对于监管问询函中提到的需要律师 发表意见的问题进行了认真分析与核查，现对监管问询函中相关的问题进行说明 和答复，具体内容如下： 北京德恒（济南）律师事务所 关于西藏华钰矿业股份有限公司 2024 年年度报告的 信息披露监管问询函的回复 问题三、关于货币资金。 北京德恒（济南） ...

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-034 号 西藏华钰矿业股份有限公司 关于 2024 年年度报告的信息披露监管问询函的回复 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。 西藏华钰矿业股份有限公司（以下简称"公司"或"华钰矿业"）于近日 收到上海证券交易所（以下简称"上交所"）下发的《关于西藏华钰矿业股份 有限公司 2024 年年度报告的信息披露监管问询函》（上证公函〔2025〕0697 号）（以下简称"《问询函》"），公司就《问询函》关注的相关问题逐项进 行认真落实。现就有关问题回复如下： 公司制定并执行严格的销售政策，积极参加行业活动，通过商业谈判及招 投标等方式获取订单。 问题 1、关于境外业务。根据披露，公司主要从事有色金属勘探、采矿、 选矿及贸易业务，其中境外业务包括在塔吉克斯坦拥有塔铝金业 1 个生产型矿 山项目，以及在埃塞俄比亚拥有 1 个海外金矿采矿权项目（以下简称埃塞俄比 亚项目，2019 年收购）。截至报告期末，公司境外资产 26.29 亿元，占比 45.44%。 ...

Group 1 - The metal lead concept declined by 0.30%, ranking among the top declines in the concept sector, with major declines seen in stocks like Yuehongyuan A, Silver Nonferrous, and Wolong New Energy [1][2] - The leading gainers in the metal lead concept included Xinyi Silver Tin, Shengda Resources, and Dazhong Mining, with increases of 4.35%, 2.79%, and 2.16% respectively [1][2] - The concept sector saw a net outflow of 345 million yuan, with 15 stocks experiencing net outflows, and five stocks seeing outflows exceeding 10 million yuan, led by Zijin Mining with a net outflow of 333 million yuan [1][2] Group 2 - The top stocks with net outflows included Zijin Mining, Chifeng Gold, and Hunan Silver, with net outflows of 333 million yuan, 131 million yuan, and 87.74 million yuan respectively [1][2] - Conversely, the stocks with the highest net inflows were Xinyi Silver Tin, Yuguang Gold Lead, and Huayu Mining, with net inflows of 92.72 million yuan, 84.19 million yuan, and 51.33 million yuan respectively [1][2] - The trading volume and turnover rates varied among the stocks, with notable figures such as Xinyi Silver Tin having a turnover rate of 5.78% and a net inflow of 92.72 million yuan [2]