【资料图】 人民财讯9月10日电，企查查APP显示，近日，睦瑞（江西）能源科技有限公司成立，法定代表人 为黄盛，注册资本为8000万元，经营范围包含：新材料技术研发，供应链管理服务，工程管理服务，光 伏发电设备租赁，金属矿石销售等。企查查股权穿透显示，该公司由中国中信集团有限公司、白银有色 间接共同持股。 标签： 财经频道 财经资讯 ...

资料显示，白银有色集团股份有限公司位于甘肃省白银市白银区友好路96号，成立日期2007年7月6日， 上市日期2017年2月15日，公司主营业务涉及铜、铅、锌、金、银等多种有色金属的采选、冶炼、加工 及贸易。主营业务收入构成为：阴极铜47.65%，黄金18.67%，锌锭7.39%，铜杆6.90%，其他5.47%，电 银4.54%，铜精矿4.44%，其他(补充)2.39%，铅锌精矿1.52%，硫酸0.58%，电铅0.46%。 白银有色所属申万行业为：有色金属-工业金属-铜。所属概念板块包括：金属铅、黄金股、有色锌、有 色铜、小金属等。 截至6月30日，白银有色股东户数12.99万，较上期增加2.84%；人均流通股57002股，较上期减少 2.76%。2025年1月-6月，白银有色实现营业收入445.59亿元，同比减少15.28%；归母净利润-2.17亿元， 同比减少1859.82%。 9月9日，白银有色盘中上涨2.19%，截至09:53，报4.20元/股，成交3.61亿元，换手率1.17%，总市值 311.00亿元。 资金流向方面，主力资金净流出3828.28万元，特大单买入1268.40万元，占比3.52%，卖 ...

（原标题：中信集团、白银有色在江西成立能源科技公司，注册资本8000万） 企查查APP显示，近日，睦瑞（江西）能源科技有限公司成立，法定代表人为黄盛，注册资本为8000万 元，经营范围包含：新材料技术研发，供应链管理服务，工程管理服务，光伏发电设备租赁，金属矿石 销售等。企查查股权穿透显示，该公司由中国中信集团有限公司、白银有色（601212）间接共同持股。 ...

Group 1 - The company has provided guarantees totaling RMB 80 million for its wholly-owned and controlling subsidiaries, and RMB 40.28 million for its joint ventures, while releasing guarantees amounting to RMB 28.29 million and RMB 38 million respectively [1][4][6] - The board of directors approved the 2025 external guarantee plan, allowing a total guarantee limit of RMB 262,995.58 million for wholly-owned and controlling subsidiaries, and RMB 140,667.02 million for joint ventures [1][5] - As of August 31, 2025, the total guarantees provided by the company amounted to RMB 193,466.15 million, which is 12.45% of the company's latest audited net assets [6] Group 2 - The main guarantee recipients include wholly-owned subsidiary Baiyin Youse Changtong Electric Wire and Cable Co., Ltd., controlling subsidiary Gansu Changba Nonferrous Metals Co., Ltd., and joint venture Gansu Defu New Materials Co., Ltd. [2][4] - The guarantees are structured as joint liability, with specific amounts allocated to each subsidiary: RMB 30 million for Baiyin Youse Changtong, RMB 50 million for Gansu Changba, and RMB 40.28 million for Gansu Defu [4] - The board believes that the guarantee plan is necessary to meet the funding needs for project construction and operations, and does not harm the interests of the company or its shareholders [5]

证券代码：601212 证券简称：白银有色 公告编号：2025-临 043 号 白银有色集团股份有限公司 关于对外担保进展的公告 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： | 担保对象一 | 被担保人名称 | | | 白银有色长通电线电缆有限责任公司 | | --- | --- | --- | --- | --- | | | 本次担保金额 | 3,000.00 | 万元 | | | | 实际为其提供的担保余额 | 36,788.15 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | | 担保对象二 | 被担保人名称 | | | 甘肃厂坝有色金属有限责任公司 | | | 本次担保金额 | 5,000.00 | 万元 | | | | 实际为其提供的担保余额 | 24,600.00 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：___ ...

Market Overview - On September 5, the industrial metals sector rose by 4.12% compared to the previous trading day, with Xinweiling leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Xinweiling (871634) closed at 31.28, with a gain of 7.60% and a trading volume of 48,800 shares, amounting to a transaction value of 149 million [1] - Baiyin Youse (601212) closed at 4.09, up 7.07%, with a trading volume of 4.8869 million shares and a transaction value of 1.953 billion [1] - Xizang Zhufeng (600338) closed at 12.84, gaining 7.00%, with a trading volume of 858,800 shares and a transaction value of 1.078 billion [1] - Other notable performers include Xingye Yinxin (000426) with a 5.90% increase, Guocheng Mining (000688) up 5.70%, and Dingsheng New Materials (603876) up 5.30% [1] Capital Flow Analysis - The industrial metals sector saw a net inflow of 1.36 billion in main funds, while retail funds experienced a net outflow of 298 million [1] - Major stocks like Zijin Mining (668109) had a net inflow of 756 million from main funds but a net outflow of 357 million from retail funds [2] - Jiangxi Copper (600362) reported a net inflow of 176 million from main funds, with retail funds seeing a net outflow of 131 million [2]

Group 1 - The core viewpoint of the articles highlights the inventory status analysis of 58 representative industrial metal companies for the first half of 2025, indicating significant changes in inventory scale and turnover efficiency [1][2][5] Group 2 - In terms of inventory scale, most industrial metal companies experienced growth in inventory during the first half of 2025, with Ningbo Fubon showing the highest year-on-year increase of 699.13%, reaching an inventory scale of 177 million [1][2] - The inventory turnover efficiency varied among companies, with Huayu Mining having the lowest turnover days at 194 days, followed by Hongxing Co. at 177 days and Shengda Resources at 137 days [5] Group 3 - From the perspective of inventory as a proportion of total assets, several companies had high inventory ratios in 2024, including Yuguang Gold Lead at 53.57%, Northern Copper at 39.48%, and Zinc Industry Co. at 38.92% [2][3] - The inventory scale and proportion of total assets for key companies in 2024 and 2025 were detailed, showing fluctuations such as a decrease in Baiyin Nonferrous's inventory scale by 5.83% to 15.545 billion, while Huafeng Aluminum's inventory increased by 26.6% to 2.882 billion [3]

Core Insights - The industrial metals sector in A-share listed companies has shown a mixed performance in the first half of 2025, with many companies experiencing dual growth in revenue and profit [1] - Among the 58 selected companies, 29 achieved dual growth, while 3 companies increased profits without revenue growth, and 16 companies saw revenue growth without profit growth [1] - A total of 7 companies reported losses, indicating significant challenges within the sector [1] Revenue and Profit Analysis - 29 companies achieved dual growth in both revenue and profit, including notable firms like Zijin Mining and Tianshan Aluminum [1] - 3 companies, including Luoyang Molybdenum and Jiangxi Copper, reported profit increases despite stagnant revenue [1] - 16 companies, such as Ningbo Fubon and Yongmaotai, experienced revenue growth but did not see profit increases [1][2] - Companies with declining performance include Minfa Aluminum, Xinbo Co., and Jinzong Co., which all reported decreases in both revenue and profit [2][3] Loss-Making Companies - The companies reporting losses include Wanshun New Materials, Hongchuang Holdings, and Yian Technology, with net profits of -0.53 billion, -1.18 billion, and -0.19 billion respectively [3][4] - The largest revenue decline was observed in Liyuan Co., with a 46.66% drop in revenue [4][5] - Baiyin Nonferrous Metals reported a significant loss of -2.17 billion, marking a drastic decline of 1859.82% in net profit [4][6] Financial Health Indicators - Liyuan Co. has faced continuous losses over the past eight years, with a net cash flow from operating activities remaining negative [5] - Baiyin Nonferrous Metals' revenue decreased by 15.28%, leading to a substantial net profit loss [6] - Tongling Nonferrous Metals reported a revenue increase of 6.39%, but its net profit fell by 33.94% due to increased tax expenses from dividend adjustments [6]

Core Viewpoint - The recent surge in gold stocks is driven by a combination of rising COMEX gold futures and a bullish stock market, with significant gains observed in gold-related ETFs and individual stocks [1] Group 1: Market Performance - As of 13:15, the gold stock ETF (159562) increased by 4.43%, with a year-to-date gain of 69.75% [1] - Key holdings such as Western Gold reached the daily limit, while Silver Nonferrous approached the limit, and other stocks like Zhaojin Mining, Zijin Mining, and Shandong Gold also showed strong performance [1] - The non-ferrous metal ETF (516650) rose by 3.6%, and the gold ETF Huaxia (518850) increased by 0.32% [1] Group 2: Influencing Factors - The rise in gold stocks is attributed to the ongoing expectations of a Federal Reserve interest rate cut in September, alongside a new high in COMEX gold futures, which surpassed $3600 per ounce [1] - Since July, various factors such as "anti-involution," tariff conflicts, and the anticipation of Fed rate cuts have contributed to volatility in the non-ferrous metal sector [1] Group 3: Comparative Analysis - Gold stocks have increased by 16.39% recently, which is notably lower than the 23.46% rise in other non-ferrous indices and a 50.66% increase in rare earth indices [1] - The ongoing bullish sentiment in the A-share market may lead to a demand for undervalued gold stocks, with expectations for performance recovery and long-term growth potential [1]

Group 1 - Bridgewater China emphasizes the value of gold as a diversification asset despite its significant price increase, driven by persistent inflation concerns, high government debt, and escalating geopolitical tensions [1] - Investors have not yet made substantial adjustments to their gold allocations, indicating a potential for further investment in gold as a hedge against currency risk [1] - The price movements of gold reflect a growing trend among global central banks and investors to use gold as a safeguard against currency devaluation and significant capital loss due to regional conflicts [1] Group 2 - As of September 5, 2025, the CSI Hong Kong-Shenzhen Gold Industry Stock Index rose by 3.62%, with notable increases in constituent stocks such as Western Gold (up 9.70%) and Zijin Mining (up 5.85%) [3] - The Gold Stock ETF Fund saw a 48.70% increase in net value over the past six months, ranking in the top 1.56% among comparable funds [4] - The Gold Stock ETF Fund has demonstrated strong performance metrics, including a maximum monthly return of 16.59% and a historical one-year profit probability of 100% [4] Group 3 - The CSI Hong Kong-Shenzhen Gold Industry Stock Index includes 50 large-cap companies involved in gold mining, refining, and sales, with the top ten stocks accounting for 66.52% of the index [5] - The top weighted stocks in the index include Zijin Mining, Shandong Gold, and Zhongjin Gold, with Zijin Mining holding a weight of 10.84% [7]