Core Viewpoint - The company held a Q3 2025 earnings presentation on November 10, 2025, to engage with investors and address their inquiries regarding the company's performance and future prospects [1][2]. Group 1: Company Operations and Strategic Initiatives - The company aims to leverage the historical opportunities presented by the Hainan Free Trade Port, utilizing tax incentives and cross-border financial innovations to enhance its operational framework [3]. - The company has received approval to operate as the fifth cross-border fund centralized operation center in Hainan, which will facilitate its global operations and financial transactions [3]. - The company is actively monitoring updates on the Free Trade Port policies to optimize cost reduction and investment opportunities [3]. Group 2: Production and Supply Chain Developments - The company's Bukuni lithium mine commenced trial production in Q1 2025, with a formal production ceremony held on November 3, 2025 [4]. - The first batch of 30,000 tons of lithium concentrate is expected to be shipped by the end of November 2025, arriving in Hainan in early 2026 to support the company's lithium salt processing project [4]. Group 3: Oil and Gas Business Model - The company operates its oil and gas exploration and development through partnerships with major state-owned and independent oil companies under a Product Sharing Contract (PSC) model [5]. - The pricing for crude oil sales is aligned with Brent crude prices, while natural gas sales are based on government benchmark prices, ensuring stable revenue streams [5]. Group 4: Product Development and Market Adaptation - The company is considering a technical upgrade for its lithium hydroxide project to enhance production flexibility, allowing for the production of either lithium hydroxide or lithium carbonate based on market conditions [6]. - The upgrade is expected to take approximately six months and will improve product quality and profit margins [6]. Group 5: Share Buyback Program - The company initiated a share buyback plan on March 15, 2025, with a minimum repurchase amount of 75 million yuan, aimed at enhancing shareholder returns and boosting investor confidence [6][7]. - The company will adjust the buyback price cap based on market conditions and will disclose any related arrangements in a timely manner [7].

证券代码：601969 证券简称：海南矿业 公告编号：2025-124 海南矿业股份有限公司 关于 2025 年第三季度业绩说明会召开情况公告 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。 海南矿业股份有限公司（以下简称"公司"）于 2025 年 11 月 10 日 11:00-12:00 在上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com）以网络互 动方式召开了公司 2025 年第三季度业绩说明会。现将说明会相关情况公告如下： 一、本次业绩说明会召开情况 2025 年 10 月 31 日，公司在上海证券交易所网站（www.sse.com.cn）及指定 信息披露媒体披露了《海南矿业股份有限公司关于召开 2025 年第三季度业绩说 明会的公告》（公告编号：2025-122）。 2025 年 11 月 10 日，公司董事长刘明东，副董事长、总裁滕磊，独立董事 陈永平，副总裁、董事会秘书何婧，副总裁、财务总监朱彤出席了本次业绩说明 会，与投资者进行互动交流和沟通，就投资者关注的问题在信息披 ...

Group 1 - The lithium battery sector is experiencing a strong rally, with electrolyte and lithium iron phosphate leading the gains. Stocks such as Fangyuan Co. and Huasheng Lithium have hit the daily limit up, while Haike Xinyuan surged over 18% [1] - Domestic lithium carbonate futures contracts have seen a significant increase, with the main contract rising over 6% to exceed 86,000 yuan/ton. Since the beginning of Q4 this year, the main contract has accumulated a nearly 20% increase [1] - Citigroup's report indicates a strong potential demand for batteries in the coming years, predicting a 31% year-on-year growth in battery demand by 2026. The resumption of mining at Jiangxiawo is unlikely to change the destocking trend, with an expected reduction of approximately 15,000 tons of lithium inventory by November 2025 [1] Group 2 - Notable stock performances include Fangyuan Co. with a 20.02% increase, Huasheng Lithium at 20.00%, and Haike Xinyuan at 18.20%. Other companies like Yicheng New Energy and Qingshuiyuan also showed significant gains [1] - Year-to-date performance highlights include Huasheng Lithium with a 297.78% increase, Fangyuan Co. at 117.98%, and Haike Xinyuan at 283.33%, indicating strong market interest and investor confidence in these stocks [1]

Group 1 - Hainan Mining's trading volume reached 1.047 billion yuan, marking the highest level since December 14, 2021 [2] - The latest stock price increased by 8.78%, with a turnover rate of 4.65% [2] - The previous trading day's total transaction volume for the stock was 621 million yuan [2]

Group 1 - Hainan sector opened lower but rebounded, with Hainan Mining and Haima Automobile both hitting the daily limit up [1] - Hainan Airlines Group rose over 8%, indicating strong performance in the sector [1] - Other stocks such as Caesar Travel, Ronniu Mountain, Shennong Seed Industry, Hainan Pharmaceutical, Hainan Ruize, Hainan Rubber, and Kangzhi Pharmaceutical also experienced gains [1]

Group 1 - Hainan sector opened lower but rebounded, with Haima Automobile rising over 9% [1] - Hainan Mining increased by more than 8% [1] - Other stocks such as Roniu Mountain, Hainan Pharmaceutical, Hainan Ruize, and Hainan Rubber also experienced gains [1]

Core Insights - The fluorochemical sector has seen a significant increase of 3.92%, ranking second among concept sectors, with 39 stocks rising, including Chlor-alkali Chemical, Yongtai Technology, and Zhongxin Fluorine Materials reaching their daily limit [1][2] Group 1: Sector Performance - The fluorochemical concept sector experienced a net inflow of 3.92%, with notable stocks like Tianqi Materials, Duofluor, and Yongtai Technology showing substantial gains of 12.19%, 10.01%, and 10.03% respectively [1][2] - The sector's performance is highlighted by the fact that 39 stocks increased, while only a few, such as Heyuan Gas and Yake Technology, faced declines [1][2] Group 2: Capital Inflows - The fluorochemical sector attracted a net inflow of 36.93 billion yuan, with 32 stocks receiving net inflows, and 8 stocks exceeding 1 billion yuan in net inflow [2][3] - Tianqi Materials led the inflow with 10.94 billion yuan, followed by Duofluor and Yongtai Technology with 8.39 billion yuan and 5.46 billion yuan respectively [2][3] Group 3: Stock-Specific Data - Key stocks in the fluorochemical sector include Tianqi Materials with a net inflow rate of 11.30%, Duofluor at 11.72%, and Yongtai Technology at 18.66% [3][4] - Chlor-alkali Chemical and Zhongxin Fluorine Materials had the highest net inflow rates at 40.35% and 36.00% respectively, indicating strong investor interest [3][4]

Core Points - The Hainan Free Trade Zone concept rose by 2.26%, ranking 9th among concept sectors, with 21 stocks increasing, including Haima Automobile and Hainan Mining reaching their daily limit up [1] - The main inflow of funds into the Hainan Free Trade Zone concept was 615 million yuan, with Haima Automobile receiving the highest net inflow of 543 million yuan [2][3] Group 1: Stock Performance - Haima Automobile saw a daily increase of 10.00% with a turnover rate of 28.14% and a net inflow of 543.41 million yuan [3] - Caesar Travel and Hainan Mining also performed well, increasing by 6.50% and 9.97% respectively, with net inflows of 323.50 million yuan and 146.74 million yuan [3] - The stocks with the largest declines included Shennong Seed Industry, New Dazhou A, and *ST Shuangcheng, which fell by 1.15%, 1.06%, and 0.49% respectively [1] Group 2: Fund Inflow Ratios - Hainan Mining had the highest net inflow ratio at 23.62%, followed by Caesar Travel at 13.57% and Haima Automobile at 12.01% [3] - Other notable stocks with positive inflow ratios included Hainan Airlines and ST Huluwawa, with ratios of 0.55% and 11.39% respectively [4]

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index closing down by 0.25%, the Shenzhen Component down by 0.36%, and the ChiNext down by 0.51% [4] - A total of 2,101 stocks rose, with 63 hitting the daily limit, while 3,162 stocks declined [5] Sector Performance - The organic silicon sector saw a collective surge, with stocks like Dongyue Silicon Material and Hoshine Silicon Industry hitting the daily limit [7] - The electric grid equipment sector rose sharply, driven by the spillover effects of the AI boom and increased power demand from data centers, supported by China's push for new energy infrastructure [9] - The chemical sector maintained its strong performance, with stocks like Qingshuiyuan and Chengxing Co. achieving consecutive gains [11] - The battery sector showed resilience, with stocks such as Fengyuan Co. and Tianji Co. hitting the daily limit [13] Notable Stock Movements - In the organic silicon sector, Dongyue Silicon Material rose by 20.04% to 11.38, while Hoshine Silicon Industry increased by 10.01% to 54.85 [8] - In the electric grid equipment sector, Zhongneng Electric surged by 14.60% to 11.38, and Liangsong Co. rose by 10.02% to 12.96 [10] - In the chemical sector, Qingshuiyuan increased by 19.97% to 14.66, and Chengxing Co. rose by 10.05% to 11.94 [12] - In the battery sector, Huasheng Lithium Battery rose by 19.16% to 77.50, and Tianji Co. increased by 10.00% to 36.20 [14] Regional Highlights - The Hainan Free Trade Zone remained active, with Haima Automobile achieving five consecutive gains and Hainan Mining hitting the daily limit [15] - Conversely, robotics concept stocks faced declines, with Hengshuai Co. and Lixing Co. dropping over 10% [16]

Core Insights - The steel raw materials sector experienced a 3.09% increase on November 7, with Hainan Mining leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Sector Performance - The following companies in the steel raw materials sector showed significant price movements: - Houbakuao (601660) closed at 10.59, up 9.97% with a trading volume of 603,600 shares and a turnover of 621 million yuan [1] - Dazhong Mining (001203) closed at 23.34, up 8.86% with a trading volume of 908,700 shares and a turnover of 2.091 billion yuan [1] - Ordos (600295) closed at 11.75, up 2.00% with a trading volume of 194,800 shares and a turnover of 227 million yuan [1] - Guangdong Mingzhu (600382) closed at 7.81, up 1.30% with a trading volume of 367,000 shares and a turnover of 285 million yuan [1] - Jinding Mining (000655) closed at 10.16, up 0.79% with a trading volume of 141,200 shares and a turnover of 143 million yuan [1] Capital Flow Analysis - The steel raw materials sector saw a net outflow of 17.56 million yuan from institutional investors and 11.09 million yuan from speculative funds, while retail investors contributed a net inflow of 28.66 million yuan [1] - Hainan Mining (601969) had a net inflow of 136 million yuan from institutional investors, despite a net outflow of 70.78 million yuan from speculative funds and 65.51 million yuan from retail investors [2] - Dazhong Mining (001203) experienced a net inflow of 67.58 million yuan from institutional investors, with a net outflow of 78.32 million yuan from retail investors [2]