第一章 总则 西藏华钰矿业股份有限公司董事会薪酬与考核委员会工作细则 西藏华钰矿业股份有限公司 董事会薪酬与考核委员会工作细则 （2025 年 8 月修订） 第一条 为了进一步健全西藏华钰矿业股份有限公司（以下简称"公司"） 董事及高级管理人员的考核和薪酬管理制度，完善公司治理结构，根据《中华人 民共和国公司法》、《西藏华钰矿业股份有限公司章程》（以下简称《公司章程》） 及其他有关规定，公司设立董事会薪酬与考核委员会（以下简称"薪酬与考核委 员会"），并制定本工作细则。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的专门工作机构， 负责制定董事、高级管理人员的考核标准并进行考核，制定、审查董事、高级管 理人员的薪酬决定机制、决策流程、支付与止付追索安排等薪酬政策与方案，对 董事会负责。 第三条 薪酬与考核委员会所作决议，必须遵守《公司章程》、本工作细则 及其有关法律、法规的规定；薪酬与考核委员会决议内容违反《公司章程》、本 工作细则及其有关法律、法规的规定，该项决议无效。 第二章 人员组成 第四条 薪酬与考核委员会由三名董事组成，其中独立董事二名。 第五条 薪酬与考核委员由董事长、二分之一以上独立董事或 ...

西藏华钰矿业股份有限公司2025 年半年度报告 公司代码：601020 公司简称：华钰矿业 西藏华钰矿业股份有限公司 2025 年半年度报告 西藏华钰矿业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人刘良坤主管会计工作负责人邢建军及会计机构负责人（会计主管人员）沈有德 声明：保证半年度报告中财务报告的真实、准确、完整。 二零二五年八月 1 / 178 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质性承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 ...

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-049 号 西藏华钰矿业股份有限公司 2025 年第二季度生产经营数据公告 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。 根据上海证券交易所《上市公司自律监管指引第 3 号——行业信息披露》、 《上市公司行业信息披露指引第十六号——有色金属》要求，现将西藏华钰矿 业股份有限公司（以下简称"公司"）2025 年度（4-6 月）主要有色金属品种产 销量及盈利情况披露如下（财务数据未经审计）： 以上经营数据信息来源于公司报告期内财务数据，上述数据未经审计。敬 请广大投资者理性投资，注意投资风险。 特此公告。 1 单位：元 币种：人民币 主要产品 生产量 销售量 营业收入 （万元） 营业成本 （万元） 毛利率 （%） 锌精矿（金属吨） 7,827.14 4,675.98 5,373.40 2,578.73 52.01% 铅锑精矿含银（金属吨） 7,091.84 4,372.09 16,264.93 6,069.51 62.68% 氧化锌精矿（金属吨） 1,444.4 ...

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-053 号 西藏华钰矿业股份有限公司 截至本公告披露日，本次交易股权交割工作已完成，具体情况如下：2025 年 7 月 21 日，公司与转让方广西地润签署了《广西地润矿业投资有限公司与西 藏华钰矿业股份有限公司关于贵州亚太矿业有限公司之股权转让协议》；截至目 前，公司严格按照协议约定履行相应的责任和义务，并于近日完成工商变更手续， 根据《股权转让协议》2.6 条规定，自本次股权转让完成工商登记日起，乙方即 享有标的股份相应的股东权利，履行标的股权对应的股东义务。 （二）工商变更情况 近日，本次交易所涉及的亚太矿业已完成相关工商登记及备案手续，变更内 容如下： | 序 | 变 更 | | 变更前 | | 变更后 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 信 | | | | | | | | | 息 | | | | | | | | | | 股东名称 | 持 股 | 认 缴 出 资 额 | 股东名称 | 持 股 | 认缴出资额（万 | | | | | 比例 | （万元） ...

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-051 号 西藏华钰矿业股份有限公司 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 8 月 28 日召开第五届董事会第五次会议审议通过了《公司 2025 年半年度报 告》，并于 2025 年 8 月 29 日披露。为便于广大投资者更全面深入地了解公司 2025 年上半年经营成果、财务状况，公司决定于 2025 年 9 月 24 日（星期三） 上午 10:00-11:00 通过上海证券交易所"上证路演中心"栏目召开"华钰矿业 2025 年半年度业绩说明会"，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动方式召开，公司将针对 2025 年上半年经营成 果、财务状况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资 者普遍关注的问题进行回答。 1 会议召开时间：2025 年 9 月 24 日（星期三）上午 10:00-11:00 会议召开网址：上证所信息网络有限公司上证路演中心平台(http://r oadshow.sseinfo.com，以下简称"上证路演中心") 会议召开方式：网络文 ...

证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-050 号 西藏华钰矿业股份有限公司 关于取消公司监事会并修订《公司章程》及部分 公司治理制度的公告 | 司合并； | 司合并； | | --- | --- | | （三）将股份用于员工持股计划或 | （三）将股份用于员工持股计划或 | | 股权激励； | 股权激励； | | （四）股东因对股东大会作出的公 | （四）股东因对股东会作出的公司 | | 司合并、分立决议持异议，要求公司收 | 合并、分立决议持异议，要求公司收购 | | 购其股份的； | 其股份； | | （五）将股份用于转换公司发行的 | （五）将股份用于转换公司发行的 | | 可转换为股票的公司债券； | 可转换为股票的公司债券； | | （六）公司为维护公司价值及股东 | （六）公司为维护公司价值及股东 | | 权益所必需。 | 权益所必需。 | | 除上述情形外，公司不进行买卖本 | 前款第（六）项所指情形，应当符 | | 公司股份的活动。 | 合以下条件之一： | | 前款第（六）项所指情形，应当符 | （一）公司股票收盘价格低于最近 | | 合以下条件之一： | 一期 ...

Market Overview - On August 28, the industrial metals sector rose by 0.39% compared to the previous trading day, with Haixing Co. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Top Performers - Haixing Co. (603115) closed at 19.64, up 5.42% with a trading volume of 144,300 shares and a transaction value of 279 million [1] - Huayu Mining (601020) closed at 24.99, up 4.04% with a trading volume of 539,600 shares and a transaction value of 1.325 billion [1] - Liyuan Co. (002501) closed at 2.36, up 3.51% with a trading volume of 1,865,100 shares and a transaction value of 427 million [1] Underperformers - Tianshan Aluminum (002532) closed at 9.76, down 2.50% with a trading volume of 1,166,600 shares and a transaction value of 1.116 billion [2] - Wanshun New Materials (300057) closed at 6.34, down 1.55% with a trading volume of 769,200 shares and a transaction value of 488 million [2] - Shenhuo Co. (000933) closed at 18.89, down 1.46% with a trading volume of 426,400 shares and a transaction value of 801 million [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.626 billion from institutional investors, while retail investors saw a net inflow of 789 million [2] - The main capital flow data indicates that Huayu Mining had a net inflow of 80.43 million from institutional investors, while Liyuan Co. had a net inflow of 49.66 million [3]

Group 1 - The establishment of the Tibet Autonomous Region has led to increased support from China Export & Credit Insurance Corporation (Sinosure) for local foreign trade enterprises, integrating financial services into key development areas [1] - Shengxin Industry and Trade Co., Ltd. has achieved annual sales exceeding 20 million yuan, exporting products to countries like Nepal and India, while facing risks such as foreign exchange controls [1] - The establishment of the unified insurance platform in May 2022 has provided policy-based export credit insurance to local enterprises, covering commercial and political risks [1] Group 2 - The upgraded unified insurance platform, launched on July 24, 2025, addresses the unique trade characteristics of Tibet, supporting both goods and service trade by enhancing risk coverage [2] - Sinosure has also facilitated overseas investment for Tibetan enterprises, with the first overseas investment project insured being the Tajikistan project by Tibet Huayu Mining Co., Ltd. [2] - Huayu Mining, a leading antimony producer in China, has invested nearly 200 million USD in the Tajikistan project, which has a designed annual production capacity of 1.5 million tons [3] Group 3 - Sinosure has supported over 690 million USD in exports and investments for Tibetan enterprises, enhancing their risk resilience and international market expansion [3]

Investment Rating - The industry investment rating is maintained as "Add" [5] Core Viewpoints - The report indicates that the supply of antimony is expected to continue declining due to reduced production from major mines, while demand from photovoltaic glass is projected to decrease in 2025. However, traditional demand from flame retardants and lead-acid batteries is expected to remain stable [3][37] - The report suggests that the recent tightening of antimony exports may be nearing its end, and a return to normal purchasing patterns in the photovoltaic sector could enhance price elasticity [3][41] - The long-term outlook for antimony prices is positive, driven by strong supply-demand fundamentals and geopolitical factors that may amplify supply-demand imbalances [3][41] Supply and Demand Summary - In July, domestic antimony ingot production was 3,729 tons, a year-on-year decrease of 36% and a month-on-month decrease of 25%. For the first seven months of the year, production totaled 40,300 tons, down 6% year-on-year [2][23] - The report updates the supply-demand balance for 2025-2027, forecasting supply to be 11.2, 11.9, and 12.7 million tons, while demand is expected to be 13.1, 13.9, and 14.8 million tons, indicating a persistent supply-demand gap [3][39] - The report highlights that July antimony ore imports were 2,307 tons, a year-on-year decrease of 37%, while the average import price rose by 48% month-on-month to 35,400 yuan per ton [12][23] Price Outlook - As of August 22, domestic antimony concentrate prices remained stable at 152,000 yuan per ton, while external prices decreased by 3% to 493,000 yuan per ton. The price gap between domestic and external markets is 310,000 yuan per ton [10][12] - The report anticipates that the antimony industry will experience a high price run in the medium to long term due to its strategic metal attributes and ongoing geopolitical tensions [3][41] Investment Recommendations - The report recommends focusing on mining companies with quality resources that are likely to benefit from the upward trend in the antimony industry, specifically mentioning Huayu Mining and Huaxi Nonferrous [4][41]

Group 1 - As of August 25, the metal zinc concept increased by 3.19%, ranking 6th among concept sectors, with 34 stocks rising, including Hunan Silver which hit the daily limit, and Zijin Mining, Shengtun Mining, and Baiyin Nonferrous rising by 7.50%, 7.42%, and 6.47% respectively [1] - The metal zinc sector saw a net inflow of 615 million yuan from main funds today, with 20 stocks receiving net inflows, and 5 stocks exceeding 50 million yuan in net inflow, led by Hunan Silver with a net inflow of 344 million yuan [2] - The top stocks by net inflow ratio included Hunan Silver, Jinhui Co., and Baodi Mining, with net inflow ratios of 30.94%, 17.87%, and 13.66% respectively [3] Group 2 - The top gainers in the metal zinc sector included Hunan Silver with a 10.00% increase and a turnover rate of 9.55%, followed by Zijin Mining with a 7.50% increase and a turnover rate of 1.49% [3] - Stocks with significant net outflows included Hongda Co. with a decrease of 3.17% and a net outflow of 930.69 million yuan, and *ST Jinglan with a decrease of 1.09% and a net outflow of 954.56 million yuan [5] - The overall performance of the metal zinc sector reflects a positive trend, with several companies showing strong gains and significant capital inflows [2][3]