证券代码：601212 证券简称：白银有色 公告编号：2026—临 020 号 白银有色集团股份有限公司 第五届董事会第三十二次会议决议公告 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。 具体内容详见公司同日在指定信息披露媒体及上海证券交易所（www.sse.c om.cn）披露的公司《关于选举董事的公告》。 表决结果：同意11票，反对0票，弃权0票。 本提案已经公司2026年第一次董事会提名委员会会议审议通过，尚需提交公 司股东会审议。 （二）审议通过《关于召开 2026 年第一次临时股东会的提案》 具体内容详见公司同日在指定信息披露媒体及上海证券交易所（www.sse.c om.cn）披露的公司《关于召开2026年第一次临时股东会的通知》。 表决结果：同意11票，反对0票，弃权0票。 特此公告。 一、董事会会议召开情况 白银有色集团股份有限公司（以下简称"公司"）于 2026 年 2 月 6 日通过 电子邮件或书面等方式向公司全体董事发出召开第五届董事会第三十二次会议 的通知。公司第五届董事会第三十二次会议于 20 ...

格隆汇2月13日丨白银有色（维权）(601212.SH)公布，2026年2月13日，公司召开第五届董事会第三十 二次会议，审议通过《关于选举董事的提案》，尚需提交股东会审议。根据《公司法》和《公司章程》 规定，拟选举王彬先生担任公司第五届董事会董事，任期自股东会审议通过之日起至第五届董事会届满 之日止。 如何抓住黄金波段机会？聪明钱的选择，黄金+股票一键搞定>> ...

Group 1 - The A-share gold concept sector experienced a price adjustment on February 13, with ST Cuihua hitting the daily limit down [2] - Cai Bai Co. and Silver Industry fell over 4.5%, while Zijin Mining, Hunan Silver, Xingye Silver Tin, and Yuguang Gold Lead all dropped over 3% [2]

Core Viewpoint - The establishment of Gansu Honglu Gold Co., Ltd. marks a significant step for Baiyin Group in deepening its precious metals industry and expanding into new strategic areas of "three rare and one precious" [1][3] Group 1 - Gansu Honglu Gold Co., Ltd. is a response to the central government's strategy for accelerating the high-end, intelligent, green, and safe development of the gold industry, aiming for high-quality growth [3] - The company is part of the provincial government's initiative to integrate gold mineral resources and build a gold smelting center in Gansu, transforming resource endowments into development and competitive advantages [3] - The establishment of the company is seen as a proactive measure to address historical resource challenges and aligns with national strategies and local development needs [3] Group 2 - As a key pillar of Baiyin Group's "14th Five-Year" development strategy, Gansu Honglu Gold Co., Ltd. will leverage Gansu's rich gold resources and the group's advantages in mining, smelting, and operational management [5] - The company aims to create a comprehensive industrial system that integrates gold mining, smelting, and processing, while also focusing on the comprehensive recovery of other precious metal resources [5] - The goal is to achieve significant increases in reserves and production, enhance quality and efficiency, and upgrade the entire value chain, with aspirations to elevate Gansu from a "gold resource province" to a "gold industry powerhouse" [5]

Group 1 - MSCI announced the results of its February index review, adding 37 stocks to the MSCI China Index, including notable A-shares and Hong Kong stocks [1] - The MSCI China Index is significant as it is part of the MSCI Global Standard Index series, which means stocks included will attract substantial passive fund tracking [1] - The adjustments are based on objective quantitative indicators such as market capitalization and liquidity, with four annual reviews scheduled [1] Group 2 - The MSCI Global Standard Index added 63 stocks and removed 61, with the largest new additions being AST SpaceMobile, Coherent Corp, and FTAI Aviation [2] - Adjustments will take effect after the market closes on February 27, 2026, with passive funds likely to adjust their positions at the end of the trading day to minimize tracking error [2] - Historical data shows that newly added A-shares to the MSCI China Index typically achieve stable excess returns between the announcement and the effective date of the adjustments [2] Group 3 - Institutions expect international funds to further increase their holdings in Chinese assets in 2026, with a slight increase in the overweight level of Asian investment funds towards Chinese stocks [3] - UBS identified that 143 out of 800 tracked active overseas funds had no exposure to Chinese stocks as of Q4 2025, indicating potential inflows of $16 billion if these funds reallocate to benchmark weights [3] - Active foreign institutional investors are selectively buying sectors such as internet, insurance, renewable energy, and industrials, while showing caution towards automotive and healthcare sectors [3]

Core Insights - The World Silver Association reported on February 10 that global silver investment demand is expected to remain strong in 2026, supported by geopolitical tensions and uncertainty in U.S. policies [1] - A supply deficit of approximately 67 million ounces is anticipated in the global silver market by 2026, marking the sixth consecutive year of shortage [1] - The international silver price surged significantly at the beginning of the year, reaching a record high of $121.65 per ounce on January 29 [1] - Recent trends indicate a stabilization in international silver prices, leading to adjustments in silver-related stocks [1] Investment Demand - Geopolitical tensions and U.S. policy uncertainty are driving increased investment demand for silver [1] - The strong demand is expected to continue through 2026, indicating a robust market outlook [1] Supply Dynamics - The global silver market is projected to face a supply shortfall of about 67 million ounces in 2026 [1] - This anticipated shortfall represents the sixth consecutive year of supply deficit in the silver market [1] Price Trends - The international silver price reached a historic high of $121.65 per ounce on January 29, 2023 [1] - Following this peak, silver prices have shown a tendency to stabilize, impacting the performance of silver-related stocks [1] Stock Performance - Data indicates that over 80% of silver-related stocks have experienced a pullback of more than 20% compared to their highs earlier in the year [1] - Specific companies such as Silver Nonferrous, Shengda Resources, Hunan Silver, Xingye Silver Tin, and Yuguang Gold Lead have seen pullbacks exceeding 30% [1]

Core Insights - MSCI announced its quarterly index adjustments for February 2026, including the addition of 37 stocks to the MSCI China Index, reflecting international capital's recognition of China's growth in strategic emerging technology sectors such as AI and autonomous driving [1][3]. Group 1: New Additions - The newly added stocks include companies from various sectors such as technology, energy, and finance, with notable inclusions like Pony.ai (02026), Silver Holdings (601212.SH), and Leo Group (002131.SZ) [1][3]. - Among the new additions, four are Hong Kong stocks, including Pony.ai, SenseTime (00020), and Hesai Technology (02525), which represent the core technology chain for autonomous driving [1][3]. - The adjustment is expected to lead to passive fund inflows into the newly added stocks around the effective date of February 27 [1][3]. Group 2: Stocks Removed - A total of 16 stocks were removed from the index, primarily from traditional sectors such as real estate, finance, and automotive, including Zhejiang Expressway (00576) and China Communications Services (00552) [4][5]. - The removal of these stocks indicates a shift in market dynamics and a focus on enhancing the index's representation and liquidity [4][5].

Core Viewpoint - MSCI announced its quarterly index adjustments for February 2026, including the addition of 37 stocks to the MSCI China Index, reflecting international capital's recognition of China's growth in strategic emerging technology sectors such as artificial intelligence and new infrastructure [1][5]. Group 1: New Additions - The adjustment includes 37 new stocks, such as Xiaoma Zhixing (02026), Baiyin Nonferrous Metals (601212.SH), and Liou Co., Ltd. (002131.SZ), spanning various sectors including technology, energy, and finance [1]. - Among the new additions, four are Hong Kong stocks: Xiaoma Zhixing, SenseTime (00020), Hesai Technology (02525), and Changfei Optical Fiber (06869), which represent key components in the autonomous driving technology chain [1][3]. Group 2: Stocks Removed - A total of 16 stocks were removed from the index, primarily from traditional sectors such as real estate, finance, and automotive, including Zhejiang Huhangyong (00576) and China Communications Services (00552) [1][5]. - The removal of these stocks indicates a shift in market dynamics and a move towards enhancing the index's representation and liquidity [5].

Group 1 - Spot gold reached $5050 per ounce, with a daily increase of 0.54% [1] - Spot silver saw a daily increase of 1%, reaching $81.54 per ounce [1] - The gains for both gold and silver narrowed later in the day [1] Group 2 - MSCI announced its quarterly index adjustments effective after the market close on February 27, 2026 [1] - Notable additions to the MSCI China Index include 37 stocks such as Liou Co., Silver Holdings, Anji Technology, and Pony.ai [1] - The index will remove 16 stocks, including Fosun International, Great Wall Motors, and Vanke Enterprises [1]

Group 1: Industry Insights - Premier Li Qiang emphasized the need for rational development of rare earth resources and the expansion of rare earth technology applications in new energy and new materials [1] - The central bank plans to continue implementing a moderately loose monetary policy, utilizing tools like reserve requirement ratio cuts and interest rate reductions to maintain ample liquidity and relatively loose social financing conditions [3] - The AI threat to traditional business models is spreading to wealth management stocks, with significant market reactions observed, such as Charles Schwab's stock dropping over 9% due to concerns about AI tools targeting core business areas [4] Group 2: Company Updates - MSCI announced its quarterly index adjustments, including the addition of 37 stocks such as Liou Co., Silver Nonferrous, and Anji Technology to the MSCI China Index, while removing 16 stocks including Great Wall Motors [2] - China Railway Construction recently won major projects totaling 451.42 billion yuan [14] - Tian Shun Wind Power signed or won new offshore orders amounting to approximately 870 million yuan [14]