茲提述紫金礦業集團股份有限公司（「本公司」）日期為 2025 年 12 月 31 日關於（其中包括） 本公司董事會（「董事會」）換屆及陳景河先生辭任本公司執行董事、董事長職務的公告。本 公司董事會謹此公告，陳景河先生辭任上述職務後，停止擔任香港聯合交易所有限公司證券 上市規則第 3.05 條項下本公司授權代表（「授權代表」）。本公司已委任本公司執行董事、董 事長鄒來昌先生為授權代表，自 2026 年 1 月 8 日起生效。 關於變更授權代表的公告 2026 年 1 月 8 日 中國福建 * 本公司之英文名稱僅供識別 1 ...

1月8日，紫金矿业大宗交易成交36万股，成交额1306.8万元，占当日总成交额的0.15%，成交价36.3 元，较市场收盘价36.3元持平。 | 交易日期 | 证券調称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | | 类出营业部 | 是否为专场 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-01-08 | 繁杂乱,不 | 668 TO9 | 36.3 30 | 1089 | 公司经营 | ​​​ | | | 格 | | 2026-01-08 | 家会改革 | 601899 | 36.3 | 217.8 | 公嵩透露般份有限 | ​​​ | | | Ka | ...

紫金矿业（601899）(02899)发布公告，兹提述紫金矿业集团股份有限公司(本公司)日期为2025年12月31 日关于(其中包括)本公司董事会换届及陈景河先生辞任本公司执行董事、董事长职务的公告。本公司董 事会谨此公告，陈景河先生辞任上述职务后，停止担任香港联合交易所有限公司证券上市规则第3.05条 项下本公司授权代表。本公司已委任本公司执行董事、董事长邹来昌先生为授权代表，自2026年1月8日 起生效。 ...

智通财经APP讯，紫金矿业(02899)发布公告，兹提述紫金矿业集团股份有限公司(本公司)日期为2025年 12月31日关于(其中包括)本公司董事会换届及陈景河先生辞任本公司执行董事、董事长职务的公告。本 公司董事会谨此公告，陈景河先生辞任上述职务后，停止担任香港联合交易所有限公司证券上市规则第 3.05条项下本公司授权代表。本公司已委任本公司执行董事、董事长邹来昌先生为授权代表，自2026年 1月8日起生效。 ...

格隆汇1月8日丨紫金矿业(02899.HK)发布公告，关于董事会换届及陈景河辞任执行董事、董事长职务。 陈景河辞任上述职务后，停止担任公司授权代表。公司已委任执行董事、董事长邹来昌为授权代表，自 2026年1月8日起生效。 ...

關於變更授權代表的公告 茲提述紫金礦業集團股份有限公司（「本公司」）日期為 2025 年 12 月 31 日關於（其中包括） 本公司董事會（「董事會」）換屆及陳景河先生辭任本公司執行董事、董事長職務的公告。本 公司董事會謹此公告，陳景河先生辭任上述職務後，停止擔任香港聯合交易所有限公司證券 上市規則第 3.05 條項下本公司授權代表（「授權代表」）。本公司已委任本公司執行董事、董 事長鄒來昌先生為授權代表，自 2026 年 1 月 8 日起生效。 2026 年 1 月 8 日 中國福建 * 本公司之英文名稱僅供識別 1 ...

Group 1 - The metal cobalt sector experienced a decline of 1.62%, ranking among the top losers in the concept sector, with companies like Greeenmei, Zhongwei Co., and Rongbai Technology showing significant drops [1][2] - Among the concept stocks, Zhejiang Fu Holdings, China Power Construction, and China Baowu Steel Group were the top gainers, with increases of 2.51%, 0.94%, and 0.59% respectively [1][2] - The metal cobalt sector saw a net outflow of 5.286 billion yuan, with 29 stocks experiencing net outflows, and 12 stocks seeing outflows exceeding 100 million yuan [2] Group 2 - Zijin Mining led the outflow with a net withdrawal of 950.13 million yuan, followed by Greeenmei and Huayou Cobalt with outflows of 750.28 million yuan and 676.95 million yuan respectively [2][3] - The stocks with the highest net inflows included Zhejiang Fu Holdings, Zhongwei Co., and China Baowu Steel Group, with inflows of 52.42 million yuan, 22.11 million yuan, and 17.38 million yuan respectively [2][3] - The trading volume for the metal cobalt sector showed significant turnover rates, with Greeenmei at 12.20% and Zhongwei Co. at 3.68% [3]

Market Overview - On January 8, the A-share market experienced fluctuations, with the Shanghai Composite Index showing volatility. The metals sector, including gold, silver, and copper, collectively retreated, with the Nonferrous 50 ETF (159652) declining by 1.89%, marking its first pullback after five consecutive gains. The fund saw a net inflow of over 1.2 billion yuan, totaling more than 4.7 billion yuan in net subscriptions over the past five days [1][6]. Gold Reserves and Central Bank Actions - As of December 31, 2025, China's official gold reserves reached 74.15 million ounces, an increase of 30,000 ounces from the previous month, with a total annual increase of 860,000 ounces. The central bank has been increasing its gold holdings for 14 consecutive months [2]. - Globally, central banks have been accumulating gold, with the U.S. overseas gold reserves exceeding 900 million troy ounces, valued at approximately $3.93 trillion, surpassing the value of foreign-held U.S. Treasury securities for the first time since 1996 [3]. Commodity Trading Trends - According to Zhejiang Merchants Securities, the current macroeconomic environment in developed economies is at a critical risk point, with geopolitical tensions leading to two main trading themes: the replacement of reserve assets and the national security focus on basic and rare metals. Central banks are expected to continue increasing gold reserves, which will support long-term gold price trends [4]. - The demand for strategic metals is expected to rise due to increased military spending and the need for key materials, with policies in the U.S. and European allies aimed at boosting strategic metal reserves by 2025 [4]. Supply and Demand Dynamics - The copper market is facing supply disruptions, with potential strikes at the Mantoverde copper mine in Chile and political instability affecting the Mirador copper mine in Ecuador. Despite traditional consumption slowing in China, demand from AI and energy storage sectors is anticipated to drive copper consumption growth [5]. - The Nonferrous 50 ETF (159652) includes a diverse range of metals, with a high concentration of copper (34%) and gold (12%), making it a strategic investment option in the context of the ongoing commodity supercycle [7][9]. Performance Metrics - The Nonferrous 50 ETF (159652) has shown a cumulative return that leads its peers, with a maximum drawdown lower than that of similar funds. The index's price-to-earnings (PE) ratio stands at 26.27, a 52% decrease compared to five years ago, indicating a favorable valuation relative to its earnings growth [11].

Core Insights - The copper smelting industry in China is experiencing a significant trade deficit, with imports far exceeding exports, leading to an increasing trend in trade deficit from 2019 to 2024 [1][2]. Trade Deficit - In 2024, the total import and export value of copper smelting-related products in China reached 811.86 billion yuan, with a trade deficit expanding by 114.51 billion yuan [1]. - For the first seven months of 2025, the trade deficit was recorded at 195.81 billion yuan, indicating a continued trend of high import reliance [2]. Import Volume and Value - The import volume of copper smelting-related products in China reached 33.02 million tons in 2024, marking a 2.34% increase from 2023, with an import value of 807.29 billion yuan, which is a 14.48% increase compared to 2020 [3]. - In the first seven months of 2025, the import volume was 20.00 million tons, with an import value of 507.56 billion yuan [3]. Import Price Trends - The average import price of copper smelting-related products has shown an upward trend from 2019 to July 2025, with significant increases noted during the 2020-2021 period due to supply chain disruptions caused by the COVID-19 pandemic [5]. Export Volume and Value - The export volume of copper smelting-related products in China was 456,400 tons in 2024, with an export value of 31.60 billion yuan, reaching a peak during the observed period [7]. - For the first seven months of 2025, the export volume was 421,600 tons, with an export value of 28.92 billion yuan [7]. Export Price Trends - The average export price of copper smelting-related products has generally increased from 2019 to July 2025, although some products exhibited significant price volatility due to smaller export volumes [10].

Core Viewpoint - Zijin Mining experienced a stock price decline of 2.02% on January 8, 2025, with a trading price of 35.98 CNY per share and a total market capitalization of 956.99 billion CNY [1] Group 1: Stock Performance - The stock price of Zijin Mining has increased by 4.38% year-to-date, with a 7.66% rise over the last five trading days, an 18.36% increase over the last 20 days, and a 21.97% increase over the last 60 days [1] - As of September 30, 2025, the number of shareholders for Zijin Mining reached 529,800, an increase of 57.83% compared to the previous period [2] Group 2: Financial Performance - For the period from January to September 2025, Zijin Mining reported a revenue of 254.2 billion CNY, reflecting a year-on-year growth of 10.33%, and a net profit attributable to shareholders of 37.864 billion CNY, which is a 55.45% increase year-on-year [2] - The company has distributed a total of 59.277 billion CNY in dividends since its A-share listing, with 27.772 billion CNY distributed over the last three years [3] Group 3: Shareholding Structure - As of September 30, 2025, the largest shareholders include Hong Kong Central Clearing Limited, holding 1.354 billion shares (a decrease of 235 million shares), and China Securities Finance Corporation, holding 691 million shares (unchanged) [3] - Other significant shareholders include Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF, both of which have seen a decrease in their holdings [3]