Core Insights - The industrial metals sector is crucial for modern industrial systems, reflecting the economic operation status of a nation. The sector is characterized by high strength, corrosion resistance, and excellent processing performance, supporting key industries such as construction, machinery, automotive, electricity, and aerospace [1][13]. Industry Overview - Industrial metals, a subset of non-ferrous metals, include copper, aluminum, lead, and zinc, which are widely used in various industrial applications. The sector has a complete industrial chain in China, from mining to processing, with production and consumption at the global forefront [4][6][13]. - The demand structure is shifting, with traditional construction growth slowing, while emerging industries like new energy, high-end equipment, and electronic semiconductors are driving demand for high-precision, lightweight, and specialty alloys [1][13]. Industry Policies - Recent policies aim to enhance the resilience and security of the industrial metals supply chain. For instance, the "Copper Industry High-Quality Development Implementation Plan (2025-2027)" targets a 5%-10% increase in domestic copper resources by 2027 and aims for a 5% annual growth in the value added of the non-ferrous metals industry from 2025 to 2026 [9][13]. Industry Chain - The industrial metals industry chain consists of upstream mining exploration and selection, midstream smelting and purification, and downstream applications in construction, automotive, shipbuilding, machinery, electrical, and aerospace sectors [9][10][13]. Market Trends - The industrial metals sector is transitioning towards high-performance, lightweight, and green manufacturing, with a focus on new alloy materials and resource recycling. The "dual carbon" goals are expected to accelerate the development of energy-saving technologies and the recycled metals industry [1][13]. - The market for copper alloy materials is projected to exceed 3000 billion yuan by 2028, driven by the growth of new energy vehicles and advanced manufacturing sectors [18]. Key Companies - Major players in the industrial metals sector include Jiangxi Copper, Zijin Mining, and China Aluminum, which dominate the market due to their scale and resource advantages. Private companies like Nanshan Aluminum and Yunnan Aluminum are also gaining market share through innovation [2][18][19]. Production Statistics - China's copper production is expected to grow significantly, with the copper alloy materials market reaching 2367 billion yuan in 2024. The production of aluminum alloys is projected to increase from 629.4 million tons in 2015 to 1614.1 million tons in 2024, reflecting a compound annual growth rate of 11.03% [14][17][18].

以下文章来源于深蓝财经 ，作者深蓝财经 图源：公司2024年年报 导语：陈景河的退休，也标志着一个财富神话的阶段性完成。 日前，紫金矿业的一份公告打破矿业圈平静。68岁的陈景河提出不再接受第九届董事会董事提名，这位掌舵万亿矿业帝国32年的"中国金王"正式 卸任。 全球矿业进入巨头主导时代，但未来带领紫金征战的是谁？陈景河的答案不再是自己。 交棒之际，紫金矿业的财富神话还在继续。随着伦敦现货白银价格创历史新高，12月1日收盘，资金矿业AH股双双涨超5%。有投资者打趣说，这 是对陈总的致敬行情。 一代"金王"谢幕 深蓝财经 . 影响价值圈层！创立于2011年，关注中国最具价值公司，是新中产的财富顾问。 11月28日，紫金矿业第八届董事会临时会议审议通过多项议案，最引人注目的是《关于拟聘任陈景河先生为公司终身荣誉董事长的议案》。 因年龄和家庭原因，陈景河主动提出 不再接受第九 届董事会董事候选人提名。尽管控股股东及董事会极力挽留，他坚持认为： 一个基业长青的企 业应从"创始人驱动"迈向"制度驱动" 。 他表示，目前公司新的核心管理团队已经成熟，是实现新老交替的最好时机。 然而，为表彰他的卓越功勋，董事会仍温情决定： ...

Core Viewpoint - Zijin Mining, a multinational mining giant, is transitioning from a "founder-driven" model to an "institution-driven" model following the retirement of its founder Chen Jinghe after 32 years of leadership [1][3][15] Leadership Transition - Chen Jinghe, aged 68, will no longer accept nomination for the board due to age and family reasons, and will be appointed as honorary chairman and senior advisor [1][3] - The new board candidates consist of long-time executives who have worked closely with Chen, indicating a strong internal succession plan [4][5] Company Achievements - Under Chen's leadership, Zijin Mining grew from a struggling county-level mining company to a global mining powerhouse, producing 65% of China's copper and 24% of its gold [2][3] - The company ranks 267th in Forbes Global 2000 and 1st among global gold companies, with a market capitalization exceeding $100 billion [2][3] Management and Governance Changes - The board restructuring signifies a comprehensive upgrade in governance, including the cancellation of the supervisory board and the introduction of an audit and supervision committee [7][8] - A diverse group of independent director candidates has been nominated, bringing extensive experience in international mining and finance [8] Strategic Initiatives - Zijin Mining is reforming its incentive system to align management interests with company performance, emphasizing stock options over cash bonuses [8] - Chen has laid out a clear strategic vision for the future, including potential spin-offs of its gold, copper, and lithium assets to capitalize on different market dynamics [10][12] Recent Transactions - Zijin Mining's subsidiary, Zijin Gold International, successfully listed on the Hong Kong Stock Exchange, raising nearly $250 million, marking it as the second-largest IPO in Hong Kong this year [11][12] - The company completed the acquisition of 100% equity in Kazakhstan's Raygorodok gold mine for $1.2 billion (approximately 8.6 billion RMB), which is expected to support its gold production targets [12][13][14]

紫金矿业（601899）(02899)公布，75.48万股A股限制性股票将于2025年12月8日上市流通。 ...

Core Viewpoint - Zijin Mining (02899) announced that 754,800 restricted A shares will be listed for trading on December 8, 2025 [1] Summary by Category - **Company Announcement** - Zijin Mining will have 754,800 restricted A shares available for trading starting December 8, 2025 [1]

關於 2020 年 A 股限制性股票激勵計劃預留授予部份 第三個解除限售期解除限售暨上市的公告 重要內容提示： 本次股票上市類型為股權激勵股份；股票認購方式為網下，上市股數為 754,800 股 A 股。 本次股票上市流通總數為 754,800 股 A 股。 本次股票上市流通日期為 2025 年 12 月 8 日。 茲提述紫金礦業集團股份有限公司（以下簡稱「本公司」或「公司」）（i）日期為 2020 年 11 月 17 日有關建議採納 A 股限制性股票激勵計劃及根據激勵計劃向關連激勵對象授予 A 股限制性股票的關連交易的公告；（ii）日期為 2020 年 12 月 11 日關於 2020 年限制性股票 激勵計劃（草案）及其摘要修訂情況說明的公告；（iii）日期為 2020 年 12 月 29 日及 2021 年 1 月 11 日關於批准 A 股限制性股票激勵計劃相關議案投票結果的臨時股東大會及類別股 東大會決議公告；（iv）日期為 2021 年 1 月 13 日關於向激勵對象授予限制性 A 股股票的公 告；（v）日期為 2021 年 2 月 1 日關於 2020 年限制性股票激勵計劃授予結果的公告；（vi） ...

關於 2023 年股票期權激勵計劃第一個行權期自主行權實施公告 重要內容提示： 茲提述紫金礦業集團股份有限公司（「本公司」或「公司」）(i)日期為 2023 年 11 月 14 日 有關建議採納 2023 年股票期權激勵計劃及 2023 年員工持股計劃的公告；(ii)日期為 2023 年 12 月 8 日關於向激勵對象授予股票期權的公告；(iii)日期為 2023 年 12 月 25 日關於調整 2023 年股票期權激勵計劃行權價格的公告；(iv)日期為 2024 年 1 月 7 日關於 2023 年股票期權激 勵計劃授予登記完成的公告；(v)日期為 2025 年 10 月 17 日關於 2023 年股票期權激勵計劃 第一個行權期行權條件成就及註銷部份股票期權的公告以及關於調整 2023 年股票期權激勵 計劃行權價格的公告（「該等公告」）；及(vi)日期為 2023 年 11 月 22 日的通函（「通函」）。 除另有定義外，本公告內所用辭彚與該等公告及通函所載者具有相同涵義。 公司於 2025 年 10 月 17 日召開第八屆董事會第十三次會議和第八屆監事會第十三次會議， 審議通過了《關於 2023 年股票期 ...

证券代码：601899 证券简称：紫金矿业 编号：临 2025-096 紫金矿业集团股份有限公司 紫金矿业集团股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日召开 第八届董事会第十三次会议和第八届监事会第十三次会议，审议通过了《关于 2023 年股票期权激励计划第一个行权期行权条件成就并注销部分已授予期权的议案》， 公司董事会认为 2023 年股票期权激励计划（以下简称"本激励计划"）第一个行 权期行权条件已成就，同意符合行权条件的激励对象进行股票期权行权，第一个 行权期可行权人员合计 12 名，可行权数量合计 1,310 万份。 一、股权激励计划批准及实施情况 （一）本激励计划已履行的相关审批程序 关于 2023 年股票期权激励计划第一个行权期自主行权实施公告 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： 公司 2023 年股票期权激励计划已根据规定履行相关审批程序，具体详见公司 分别于 2023 年 11 月 15 日（编号：临 2023-090、091）、2023 年 12 月 2 ...

证券代码：601899 证券简称：紫金矿业 编号：临 2025-097 紫金矿业集团股份有限公司 关于 2020 年限制性股票激励计划预留授予部分 第三个解除限售期解除限售暨上市的公告 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、准确性和完整性依法承担法律责任。 本次股票上市流通总数为754,800股。 本次股票上市流通日期为2025 年 12 月 8 日。 紫金矿业集团股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日召开 第八届董事会第十三次会议、第八届监事会第十三次会议，审议通过了《关于 2020 年限制性股票激励计划预留授予部分第三个解除限售期解除限售条件成就的议 案》，同意为 33 名激励对象办理相关限制性股票解除限售事宜。本次解除限售的 限制性股票数量为 754,800 股，占公司目前总股份的 0.003%。现将有关事项说明 如下： 一、2020 年限制性股票激励计划批准及实施情况 （一）已履行的相关审批程序 公司 2020 年限制性股票激励计划（以下简称"本激励计划"）已根据规定履 行相关审批程序，具体详见公司分别于 2 ...

Core Viewpoint - The retirement of Chen Jinghe, the long-time leader of Zijin Mining, marks a significant transition for the company, which has grown into a major player in the global mining industry with a market value exceeding 1.2 trillion yuan [4][13][18]. Group 1: Leadership Transition - Chen Jinghe has announced he will not accept nomination for the ninth board of directors, emphasizing the need for a shift from "founder-driven" to "institution-driven" management [8][26]. - The board has proposed to appoint Chen as a lifetime honorary chairman, allowing him to continue influencing major strategic decisions [9][26]. - The new leadership candidates are primarily long-time employees, with Zou Laichang, the current vice chairman and president, being the frontrunner [25][26]. Group 2: Company Performance - Zijin Mining has shown consistent growth, with a revenue of 254.2 billion yuan in the first three quarters of 2024, a year-on-year increase of 10.33%, and a net profit of 37.864 billion yuan, up 55.45% [15][18]. - The company has built a vast resource base, including 110.37 million tons of copper and 3,973 tons of gold, ranking second and fifth globally, respectively [17][18]. Group 3: Historical Achievements - Chen Jinghe transformed Zijin Mining from a county-level mining company into one of the top three metal mining companies globally, achieving a market value of over 100 billion USD [13][18]. - The company has successfully navigated industry challenges, including a significant environmental incident in 2010, leading to a comprehensive transformation towards sustainability [23][28]. Group 4: Future Direction - The company aims to enhance its global competitiveness and achieve the goal of becoming a "first-class international mining group" by 2028 [26]. - Zijin Mining is focusing on technological innovation and sustainable practices to lead the mining industry into a more efficient and respected era [31].