事件颇具戏剧性，就在立案前一周，公司股价曾连续两日涨停，9月3日公司曾发布公告称，"不存在应披露而未披露的重大信息"。 制图：佘诗婕 一纸立案公告，揭开了一家历史悠久的国有有色金属巨头的内控疮疤。 9月10日盘后，白银有色集团股份有限公司（601212.SH，下称"白银有色"）发布公告，称收到证监会《立案告知书》，因涉嫌信息披露 违法违规被正式立案调查。公告发布次日，公司股价开盘即一字跌停，单日市值蒸发约30亿元。 星标 ★ IPO日报 精彩文章第一时间推送 内控失守 2008年，其引入中信集团战略投资完成股份制改造，2017年成为国内A股唯一整体上市的有色冶金国企，注册资本74.05亿元，是国企混 改的典型样本。 具体来看，公司业务覆盖铜、铅、锌、金、银等金属的采、选、冶、加及贸易，已形成国内15座矿山+全球10余国布局的跨国体系。 2023年11月，非公司人员徐某勾结仓库管理员杜某，将990吨锌锭盗出公司仓库，2024年6月法院判决赔偿2267.91万元，但执行仍未到 位。 另外，2024年初，公司原营销中心员工伙同外部人员伪造销售单据，侵占公司价值1.57亿元的阴极铜产品，监察机关已查封冻结涉案资金 5 ...

Core Viewpoint - Baiyin Nonferrous Group Co., Ltd. is actively transforming towards new energy and new materials, achieving significant progress and key results in its strategic transition as highlighted in its 2025 semi-annual report [1][2] Group 1: Technological Innovation and R&D - The company has increased its investment in technology innovation, having validated and filed 38 R&D projects in the first half of the year, injecting momentum into its innovative development [1] - Baiyin Nonferrous is advancing its government technology projects, striving for provincial-level technology project support to enhance its research capabilities [1] - The company has applied for 92 intellectual property rights, including 19 invention patents, and has successfully registered software copyright for "Data Format Conversion Tool Software V1.0" [1] Group 2: Strategic Transition to New Energy and New Materials - Baiyin Nonferrous has made notable advancements in its strategic transition to new energy and new materials, particularly through its subsidiary Baiyin Nonferrous Changtong Cable Co., Ltd., which focuses on superconducting cables and fine electromagnetic wires [2] - The company has successfully developed and delivered the first domestic 750-meter superconducting cable for nuclear fusion devices, with fine electromagnetic wire production capacity reaching 20,000 tons per year [2] - The company’s affiliated enterprises have achieved significant production milestones, including 70,000 tons of high-end electrolytic copper foil and the completion of a 20,000-ton lithium manganese iron phosphate (LMFP) cathode material project [2]

Group 1 - On September 11, Baiyin Nonferrous Metals reported a net repayment of 52.23 million yuan in financing, with a financing balance of 500 million yuan, reflecting a decrease of 9.45% from the previous day [2] - Baiyin Nonferrous Metals announced on September 10 that it received a notice of investigation from the China Securities Regulatory Commission, indicating potential issues with timely and accurate information disclosure [2] - Investors who suffered losses due to the company's information disclosure issues can file for compensation if they purchased shares between April 30, 2020, and April 29, 2025, or between the company's listing and September 10, 2025 [2] Group 2 - On August 8, Baiyin Nonferrous Metals disclosed its progress on external guarantees, with a total of 137 million yuan in new guarantees for wholly-owned subsidiaries and 16.39 million yuan for joint ventures [3] - The company approved a total guarantee limit of 2.63 billion yuan for wholly-owned and controlling subsidiaries, with 1.289 billion yuan already guaranteed and an expected 1.341 billion yuan in new guarantees for 2025 [3] - As of July 31, 2025, Baiyin Nonferrous Metals provided guarantees totaling 1.821 billion yuan, which is 11.71% of its latest audited net assets [4] Group 3 - Baiyin Nonferrous Metals holds 1,414 patents and 25 copyrights, indicating a strong focus on intellectual property [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 2025年9月11日，白银有色（维权）集团股份有限公司(简称：白银有色，代码：601212)发布《关于收 到中国证券监督管理委员会立案告知书的公告》，称因公司涉嫌信息披露违法违规等行为，根据《中华 人民共和国证券法》的有关规定，中国证监会决定对公司立案调查。 根据《民法典》、《证券法》及最高人民法院的关于虚假陈述民事赔偿司法解释的规定，上市公司、控 股股东、实际控制人、董监高人员及其中介机构等因虚假陈述等的证券欺诈行为导致证券投资者权益受 损的，应承担民事赔偿责任，赔偿范围包括：投资差额、佣金、印花税和利息损失等。权益受损的证券 投资者可以向有管辖权的法院提起民事赔偿诉讼。 由于白银有色涉嫌信息披露违法违规，被中国证监会立案调查，为维护证券投资者合法权益，上海汉联 律师事务所宋一欣律师向曾经购买过白银有色的证券投资者展开诉讼代理征集，代理投资者索赔诉讼， 权益受损的证券投资者可以向前述律师进行索赔登记。（宋一欣律师专栏） 宋一欣律师认为，白银有色案的索赔条件为：2025年9月11日前买入白银有色股票或债券等证券市场公 开发行产品，并在2025年9月11日及之后 ...

Core Viewpoint - The precious metals sector is experiencing a significant rally, with silver leading the gains, indicating strong market interest and potential investment opportunities in this segment [1] Group 1: Market Performance - Silver is the leading performer in the precious metals sector, showing substantial price increases [1] - Companies such as Shengda Resources and Hunan Silver have reached their daily price limits, indicating strong investor demand [1] - Xinyi Silver and Tin has surged over 8%, reaching a new historical high, reflecting robust market momentum [1] Group 2: Company Movements - Other companies such as Yuguang Gold Lead, Zhuhai Group, Silver Industry, and Precious Metals Research Institute are also experiencing price increases, suggesting a broad-based rally across the sector [1]

长江商报消息 知名贵金属企业白银有色（601212.SH）被证监会立案调查。 9月10日晚，白银有色发布公告，近日，公司收到中国证监会下发的《立案告知书》，因公司涉嫌信息 披露违法违规，中国证监会决定对公司立案。 究竟在哪些方面信息披露违法违规，白银有色没有具体披露。 2024年，白银有色曾收到上海证券交易所出具的2023年年度报告信息披露监管工作函，要求公司补充披 露部分内容。2025年7月，公司回复2024年年报问询函显示，信息披露不及时、员工串通舞弊等问题被 重点关注。 作为行业知名企业，白银有色的盈利能力并不突出。2018年至2022年，公司年度归母净利润在3000万元 左右徘徊。2023年，公司归母净利润突破亿元，但2024年又出现回落。 信披违法违规，白银有色的问题，究竟出在何处？公司没有公告。此次立案调查，会对公司有多大影 响，暂时无从知晓。 白银有色主要从事铜、铅、锌、金、银等多种有色金属的采选、冶炼、加工及贸易，业务覆盖有色金属 全产业链。 受贵金属行情火热等因素影响，2025年4月以来，白银有色的股价有所表现。 K线图显示，2025年4月9日，白银有色盘中低点为2.45元/股，此后，股价不 ...

Group 1 - The Sina Investor Rights Protection Platform has received a compensation application from a shareholder against Baiyin Nonferrous Metals, which has been accepted by lawyer Li Hongjie [1] - The platform currently has 11 professional lawyers available to represent claims against Baiyin Nonferrous Metals, with a total of 54 claims received [1] - Compensation eligibility includes purchasing shares between the IPO date and September 10, 2025, and selling or holding them by the close on September 11, 2025 [2] Group 2 - The platform provides multiple entry points for rights protection, including social media and its official website, requiring users to fill out personal information and upload stock statements [2] - Important notes for filling out the rights protection form include providing clear personal information and ensuring the stock statement is legally valid and identifiable [3] - The process involves submitting a rights protection form, which will be reviewed by operational staff, and if approved, a lawyer will take the case within seven days [2][3]

Group 1 - The stock of Baiyin Nonferrous (601212) hit the daily limit down, with a turnover rate of 1.23% and a total transaction amount of 349 million yuan [1][2] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -11.56%, with a net selling amount of 51.847 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 89.6008 million yuan, with buying amounting to 18.8769 million yuan and selling amounting to 70.7239 million yuan, resulting in a net selling of 51.847 million yuan [2][3] Group 2 - The main funds for Baiyin Nonferrous experienced a net outflow of 155 million yuan today, with a significant single net outflow of 125 million yuan and a large single fund net outflow of 29.9688 million yuan [2] - Over the past five days, the main funds have seen a net outflow of 240 million yuan [2] - As of September 10, the latest margin trading balance for the stock was 561 million yuan, with a financing balance of 553 million yuan and a securities lending balance of 8.0937 million yuan [2] Group 3 - The company's semi-annual report released on August 27 indicated that it achieved an operating income of 44.559 billion yuan in the first half of the year, a year-on-year decrease of 15.28%, and a net profit of -217 million yuan [3]

Core Viewpoint - The company, Baiyin Nonferrous Metals (601212.SH), faces significant challenges following a regulatory investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, leading to a sharp decline in stock price and highlighting serious internal control issues [2][4]. Group 1: Regulatory Issues - On September 10, the company received a notice from the CSRC regarding an investigation into information disclosure violations, resulting in a stock price drop of 9.91% to 3.82 yuan [2]. - The CSRC's inquiry was prompted by previous incidents of employee collusion and accounting errors, indicating substantial internal control problems within the company [2][4]. Group 2: Internal Control Problems - The company has faced multiple internal control issues, including significant discrepancies in zinc ingot shipments and payments amounting to approximately 388 million yuan, which is 466.91% of the company's net profit [2][3]. - Investigations revealed that employees engaged in bribery and collusion, leading to the unauthorized removal of 990 tons of zinc ingots valued at 157 million yuan [3]. Group 3: Financial Performance - In the first half of the year, the company reported a loss of 217 million yuan, with revenue declining by 15.28% to 44.56 billion yuan compared to the previous year [5][8]. - The company has a history of fluctuating net profits, with significant adjustments made to past financial statements due to accounting errors, affecting reported profits from 2019 to 2023 [6][8]. Group 4: Future Outlook - The company plans to implement an SAP information system to enhance management and communication, although testing of the system has not yet been completed [4]. - Ongoing legal disputes related to warehouse contracts and sales agreements are expected to further impact the company's financial position, with estimated liabilities of approximately 317 million yuan [8].

Group 1 - The stock price of Baiyin Nonferrous Metals opened at a limit down of 3.82 CNY per share, with a single-day decline of 9.91%, resulting in a total market capitalization of approximately 28.286 billion CNY [1] - Baiyin Nonferrous Metals received a notice from the China Securities Regulatory Commission (CSRC) regarding a case of suspected information disclosure violations, leading to an official investigation [2] - The company reported a year-on-year decline in both revenue and net profit for the first half of 2025, and is currently in a loss position [2] Group 2 - The company attributed the performance decline to a legal dispute involving its subsidiary, Shanghai Honglu International Trade Co., Ltd., which has been transferred to criminal investigation due to a civil ruling [2] - The company plans to make provisions for related expected liabilities based on the latest developments in the legal case, which will impact its half-year performance [2] - Legal experts suggest that investors who purchased Baiyin Nonferrous Metals shares before September 10, 2025, and sold or held them after September 11, 2025, may have grounds for compensation claims [3]