Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metals industry, with the index rising by 1.51% and key stocks like Guocheng Mining and Yahua Group showing significant gains [1] - In October, the actual growth of the industrial added value of non-ferrous metals above designated size increased by 4.0% year-on-year, while the growth from January to October was 7.4%, which is 0.4 percentage points lower than the previous three quarters [1] - The demand in the energy storage market is robust, with leading domestic lithium battery companies placing large orders with upstream material suppliers, indicating a high growth trend in production for November [1] Group 2 - The non-ferrous metals ETF closely tracks the Guozheng Non-Ferrous Metals Industry Index, which selects 50 securities with significant size and liquidity in the non-ferrous metals sector, reflecting the overall performance of listed companies in this industry [2] - As of October 31, 2025, the top ten weighted stocks in the Guozheng Non-Ferrous Metals Industry Index accounted for 52.91% of the index, including companies like Zijin Mining and Ganfeng Lithium [2]

根据公司可转换公司债券转股结果，截至 2025 年 11 月 18 日，中金转债（债券代码：127020）累计转为公司 A 股普 通股 820,344,326 股。其中，2025 年 11 月 7 日至 11 月 18 日，中金转债合计转股 157,400,477 股，公司总股本从 4,232,629,176 股增至 4,390,029,653 股。广晟控股持股数 未发生变动，为 1,304,407,036 股，广东省广晟矿业集团有 限公司（以下简称"广晟矿业"）持股数未发生变动，为 30,653,662 股。广晟控股因公司总股本增加持股比例由 30.82%变动为 29.71%，持股比例被动稀释 1.11%；广晟控股 及一致行动人广晟矿业合计持股比例由 31.54%变动为 30.41%，持股比例被动稀释 1.13%。 | 股东名称 | 持股数（股） | 日期 | | 增减 | | --- | --- | --- | --- | --- | | | | 2025/11/7 | 2025/11/18 | | | 总股本 | | 4,232,629,176 | 4,390,029,653 | 157,400,477 ...

深圳市中金岭南有色金属股份有限公司 关于提前赎回"中金转债"实施暨 即将停止交易的重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、最后交易日：2025 年 11 月 20 日 2025 年 11 月 20 日是"中金转债"最后一个交易日，当 日"中金转债"简称为"Z 金转债" ；2025 年 11 月 20 日收 市后"中金转债"将停止交易。 2、最后转股日：2025 年 11 月 25 日 2025 年 11 月 25 日是"中金转债"最后一个转股日，当 日收市前，持有"中金转债"的投资者仍可进行转股；2025 年 11 月 25 日收市后，未转股的"中金转债"将停止转股。 3、截至 2025 年 11 月 19 收市后，距离"中金转债"停 止交易仅剩 1 个交易日，距离"中金转债"停止转股并赎回 仅剩 4 个交易日。本公司特别提醒"中金转债"持有人务必 认真阅读本公告，充分了解相关风险，注意最后转股时间， 审慎作出投资决策。 1 | 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-116 | | ...

Core Points - The company has announced the early redemption of its convertible bonds, "中金转债," due to the triggering of redemption conditions based on stock price performance [6][15] - The last trading day for "中金转债" is set for November 20, 2025, after which trading will cease [2][20] - The final conversion date is November 25, 2025, and any unconverted bonds will be forcibly redeemed [3][22] Redemption Details - The redemption price for "中金转债" is set at 100.70 CNY per bond, including accrued interest [4][17] - The redemption conditions were met as the stock price exceeded 130% of the conversion price for at least 15 trading days [15] - The redemption registration date is November 25, 2025, and the actual redemption will occur on November 26, 2025 [5][22] Bond Issuance Overview - "中金转债" was issued on July 20, 2020, with a total of 38 million bonds at a face value of 100 CNY each, amounting to a total of 3.8 billion CNY [7] - The bond has a maturity of 6 years and a tiered interest rate structure, culminating in a 2.00% rate in the final year [7] Conversion Price Adjustments - The initial conversion price was set at 4.71 CNY per share, with subsequent adjustments due to annual profit distributions [7][8][9][10][11] - The latest conversion price is 4.29 CNY per share, effective from June 26, 2025 [11] Redemption Process - The company will provide daily announcements regarding the redemption process leading up to the redemption date [20] - After the redemption, "中金转债" will be delisted from the Shenzhen Stock Exchange [22]

Core Viewpoint - The international gold and silver prices have continued to decline, with spot gold dropping below $4000 per ounce and spot silver falling below $50 per ounce, marking a significant downturn in precious metals markets [1][2]. Price Movements - As of November 18, spot gold prices fell to $4011 per ounce, a decrease of 1.55%, while spot silver prices in New York dropped by 2.53% to $49 [2][6]. - The decline in gold prices has led to a reduction in domestic gold jewelry prices, with major brands like Chow Sang Sang and Lao Feng Xiang reporting consecutive price drops [5][6]. Market Impact - The continuous drop in gold prices has negatively affected gold-related stocks in both A-shares and Hong Kong markets, with significant declines observed in companies such as Hainan Mining and Yuguang Gold Lead [7][9]. - The gold concept sector in A-shares saw a decline of over 2%, with multiple stocks experiencing drops exceeding 5% [7][9]. Economic Factors - The recent hawkish comments from Federal Reserve officials have influenced market expectations regarding interest rate cuts, with the probability of a December rate cut dropping from approximately 90% to 43% [6][10]. - The strengthening of the US dollar, driven by these hawkish signals, has put additional pressure on precious metals [10]. Demand Trends - Despite the current price decline, global gold investment demand surged by 47% year-on-year in Q3, totaling 537 tons, driven by geopolitical uncertainties and a weakening dollar [12]. - Central banks globally have increased their gold purchases, with a net acquisition of 220 tons in Q3, reflecting a continued trend of diversifying reserves to hedge against risks [12][11].

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-115 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回"中金转债"实施暨 即将停止交易的重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、最后交易日：2025 年 11 月 20 日 2025 年 11 月 20 日是"中金转债"最后一个交易日，当 日"中金转债"简称为"Z 金转债" ；2025 年 11 月 20 日收 市后"中金转债"将停止交易。 2、最后转股日：2025 年 11 月 25 日 2025 年 11 月 25 日是"中金转债"最后一个转股日，当 日收市前，持有"中金转债"的投资者仍可进行转股；2025 年 11 月 25 日收市后，未转股的"中金转债"将停止转股。 3、截至 2025 年 11 月 18 收市后，距离"中金转债"停 止交易仅剩 2 个交易日，距离"中金转债"停止转股并赎回 仅剩 5 个交易日。本公司特别提醒"中金 ...

Core Points - Zhongjin Lingnan announced that the "Zhongjin Convertible Bonds" will be forcibly redeemed after the market closes on November 25, 2025, if not converted [2] - The company reminds bondholders to convert their bonds within the specified period to avoid forced redemption [2] - Following the redemption, the "Zhongjin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders with pledged or frozen bonds are advised to解除质押或冻结 before the trading suspension to prevent issues with conversion [2]

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-114 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回"中金转债"实施暨 即将停止交易的重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、最后交易日：2025 年 11 月 20 日 2025 年 11 月 20 日是"中金转债"最后一个交易日，当 日"中金转债"简称为"Z 金转债" ；2025 年 11 月 20 日收 市后"中金转债"将停止交易。 2、最后转股日：2025 年 11 月 25 日 2025 年 11 月 25 日是"中金转债"最后一个转股日，当 日收市前，持有"中金转债"的投资者仍可进行转股；2025 年 11 月 25 日收市后，未转股的"中金转债"将停止转股。 3、截至 2025 年 11 月 17 收市后，距离"中金转债"停 止交易仅剩 3 个交易日，距离"中金转债"停止转股并赎回 仅剩 6 个交易日。本公司特别提醒"中金 ...

Core Viewpoint - The company has announced the early redemption of its convertible bonds, "中金转债," with specific terms and conditions for investors to be aware of [3][8][10]. Group 1: Redemption Details - The redemption price for "中金转债" is set at 100.70 CNY per bond, including accrued interest at a current annual rate of 2.00% [2][10]. - The redemption conditions are met as of October 30, 2025, and the bonds will be fully redeemed on November 26, 2025 [3][8]. - The last trading day for "中金转债" will be November 21, 2025, after which trading will cease [2][15]. Group 2: Issuance Overview - "中金转债" was issued on July 20, 2020, with a total of 38 million bonds and a total issuance amount of 380 million CNY [4][5]. - The bonds have a maturity of six years and a tiered interest rate structure, starting from 0.20% in the first year to 2.00% in the sixth year [4]. Group 3: Conversion and Pricing - The initial conversion price was set at 4.71 CNY per share, which has been adjusted to 4.29 CNY per share as of the latest update [5][6]. - The conversion price adjustments have occurred due to annual equity distributions, with the latest adjustment taking effect on June 26, 2025 [5]. Group 4: Redemption Process - The redemption process includes a series of key dates: the redemption registration date is November 25, 2025, and the funds will be credited to investors' accounts by December 3, 2025 [12][17]. - Investors are advised to ensure that any pledged or frozen bonds are released before the last trading day to avoid forced redemption [2][3].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: | 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-113 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回中金转债的第十一次 提示性公告 1."中金转债"赎回价格：100.70 元/张（含当期应计 利息，当期年利率为 2.00%，且当期利息含税），扣税后的赎 回价格以中国证券登记结算有限责任公司深圳分公司（以下 简称"中国结算"）核准的价格为准。 2."中金转债"赎回条件满足日：2025 年 10 月 30 日 3."中金转债"赎回登记日：2025 年 11 月 25 日 4."中金转债"赎回日：2025 年 11 月 26 日 5."中金转债"停止交易日：2025 年 11 月 21 日 6."中金转债"停止转股日：2025 年 11 月 26 日 7.发行人（公司）资金到账日：2025 年 12 月 1 日 8.投资者赎回款到账日：2025 年 12 月 3 日 9 ...