藏格矿业股份有限公司 内部审计制度 第一章 总则 第一条 为规范集团公司内部审计工作，提高审计工作质量，实现内部审计 工作规范化、制度化，发挥内部审计工作在加强内部控制、风险管理，提高公司 经营管理水平和经济效益的作用，根据《中华人民共和国审计法》《中华人民共 和国审计法实施条例》《中国内部审计准则》《中国内部审计实务指南》《全球 内部审计准则》《企业内部控制基本规范》《企业内部控制评价指引》《深圳证 券交易所上市公司自律监管指引第 1 号-主板上市公司规范运作》《藏格矿业股 份有限公司公司章程》、《藏格矿业股份有限公司内部监督制度》等，结合公司 实际，制定本制度。 第二条 集团公司实行董事会监察与审计委员会领导的内部审计体制。集团 公司监察审计室为集团公司董事会监察与审计委员会服务，在董事会监察与审计 委员会的领导下，依照国家法律、法规和有关政策，依照公司规章制度，独立开 展工作，行使内部监督权，发挥监督、评价和服务功能。 第三条 本制度所称"内部审计"，是公司内部审计机构和内部审计人员独 立、客观的确认与咨询活动，通过系统化、规范化的方法，审查和评价公司及权 属企业和组织机构、人员的业务活动、内部控制和风 ...

证券代码：000408 证券简称：藏格矿业 公告编号：2025-083 藏格矿业股份有限公司 参与方式二：微信扫一扫以下二维码： 投资者根据提示，授权登录"藏格矿业投资者关系"小程序，即可参与交流。 1 出席本次网上业绩说明会的人员有：财务总监张立平女士、董事会秘书李瑞 雪先生、投资者关系主管陈牧迪女士。 关于召开2025年第三季度网上业绩说明会的公告 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。 藏格矿业股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日在巨潮 资讯网（http://www.cninfo.com.cn）上披露了《2025 年第三季度报告》。 为便于广大投资者进一步了解公司 2025 年第三季度经营情况，公司定于 2025 年 10 月 20 日（星期一）下午 3:00 至 5:00 在"藏格矿业投资者关系"小程 序举行 2025 年第三季度网上业绩说明会。 本次网上业绩说明会将采用网络远程的方式举行，投资者可登录"藏格矿业 投资者关系"小程序参与互动交流。为广泛听取投资者的意见和建议，提前向投 资者征集问题，提问通道自发出 ...

证券代码：000408 证券简称：藏格矿业 公告编号：2025-081 关于全资子公司与专业投资机构共同投资 公司于 2021 年 10 月 8 日召开了第八届董事会第二十五次（临时）会议，审 议通过了《关于全资子公司拟参与认购产业发展基金份额的议案》，公司全资子 公司藏格矿业投资作为有限合伙人出资 25 亿元认购江苏藏青基金的合伙份额。 江苏藏青基金总规模 53.1 亿元，藏格矿业投资认购份额占全体合伙人认缴出资 额的 47.08%。近日，江苏藏青基金拟扩募规模 14 亿元，藏格矿业投资拟使用不 超过 65,913.37 万元自有资金认购江苏藏青基金扩募份额。具体情况如下： 1 追加认购基金份额暨关联交易的公告 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、认购标的名称：江苏藏青新能源产业发展基金合伙企业（有限合伙）（以 下简称"江苏藏青基金"）； 一、交易概述 2、认购金额及资金来源：藏格矿业股份有限公司（以下简称"公司"）全 资子公司藏格矿业投资（成都）有限公司（以下简称"藏格矿业投资"）拟参与 认购江苏藏青基金此次扩募份额，认购金 ...

证券代码：000408 证券简称：藏格矿业 公告编号：2025-082 藏格矿业股份有限公司 第十届董事会第五次（临时）会议决议公告 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。 一、董事会会议召开情况 藏格矿业股份有限公司（以下简称"公司"）第十届董事会第五次（临时） 会议通知及会议议案材料于 2025 年 10 月 13 日以电子邮件等方式送达第十届董 事会全体董事和其他列席人员。会议采取现场结合通讯方式于 2025 年 10 月 16 日在四川省成都市高新区天府大道北段 1199 号 2 栋 19 楼会议室召开。会议应到 董事 9 名，实到董事 9 名。会议由董事长吴健辉先生主持，董事吴健辉先生、李 健昌先生、肖瑶先生和独立董事刘志云先生采取通讯方式参加会议。公司部分高 级管理人员列席了会议。本次会议召集召开符合《公司法》及《公司章程》的有 关规定，会议合法、有效。 董事会认为，公司向全资子公司藏格矿业投资（成都）有限公司（以下简称 "藏格矿业投资"）增资不超过 7 亿元，用于追加认购江苏藏青新能源产业发展 基金合伙企业（有限合伙）（以下简称"江苏藏青 ...

藏格矿业股份有限公司 2025 年第三季度报告 证券代码：000408 证券简称：藏格矿业 公告编号：2025-080 藏格矿业股份有限公司 2025 年第三季度报告 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、董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 （一） 主要会计数据和财务指标 3、第三季度财务会计报告是否经过审计 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 723,304,846.05 | 28.71% | 2,401,446,783.35 | 3.35% | | 归属于上市公司股东 | 950,596, ...

Core Points - The New Silk Road Index (399429) closed at 1575.16 points, down 0.69%, with a trading volume of 58.815 billion yuan and a turnover rate of 2.12% [1] - Among the index constituents, 23 stocks rose, with Baiyin Nonferrous leading with a 10.0% increase, while 75 stocks fell, with Western Gold leading the decline at 6.2% [1] Index Constituents Summary - The top ten constituents of the New Silk Road Index include: - TBEA Co., Ltd. (6.10% weight, latest price 20.07, 1.01% increase, market cap 101.41 billion yuan) in the Power Equipment sector - Salt Lake Industry (5.25% weight, latest price 22.34, 1.93% decrease, market cap 118.21 billion yuan) in the Basic Chemicals sector - LONGi Green Energy (5.13% weight, latest price 20.25, 2.69% increase, market cap 153.46 billion yuan) in the Power Equipment sector - AVIC Aviation Power (4.56% weight, latest price 41.96, 1.04% decrease, market cap 111.85 billion yuan) in the Defense and Military sector - Shaanxi Coal and Chemical Industry (4.11% weight, latest price 22.54, 3.25% increase, market cap 218.53 billion yuan) in the Coal sector - Shenwan Hongyuan (3.47% weight, latest price 5.45, 0.18% increase, market cap 136.47 billion yuan) in the Non-Bank Financial sector - Zangge Mining (3.33% weight, latest price 57.39, 1.86% decrease, market cap 90.12 billion yuan) in the Nonferrous Metals sector - Yuxing Energy (3.19% weight, latest price 17.13, 1.27% decrease, market cap 125.62 billion yuan) in the Basic Chemicals sector - Goldwind Technology (3.06% weight, latest price 16.00, 4.36% decrease, market cap 67.60 billion yuan) in the Power Equipment sector - Western Mining (3.00% weight, latest price 22.87, 1.42% decrease, market cap 54.50 billion yuan) in the Nonferrous Metals sector [1] Capital Flow Summary - The New Silk Road Index constituents experienced a total net outflow of 1.81 billion yuan from main funds, while retail investors saw a net inflow of 1.744 billion yuan [3] - Notable capital flows include: - Baiyin Nonferrous: 5.16 million yuan net inflow from main funds, 2.30 million yuan net outflow from retail investors - LONGi Green Energy: 172 million yuan net inflow from main funds, 15.1 million yuan net outflow from retail investors - New Mileage: 1.59 million yuan net inflow from main funds, 93.05 million yuan net outflow from retail investors - Other companies like China Western Electric and Zhongcai Zihuan also showed varying degrees of net inflows and outflows [3]

Core Viewpoint - Cangge Mining's stock price has experienced significant fluctuations, with a year-to-date increase of 114.40% but a recent decline of 6.39% over the past five trading days [2] Group 1: Stock Performance - As of October 16, Cangge Mining's stock price was 57.31 CNY per share, with a market capitalization of 899.90 billion CNY [1] - The stock has seen a trading volume of 4.05 billion CNY and a turnover rate of 0.44% [1] - The stock has increased by 4.60% over the past 20 days and 38.49% over the past 60 days [2] Group 2: Financial Performance - For the first half of 2025, Cangge Mining reported a revenue of 1.678 billion CNY, a year-on-year decrease of 4.74%, while the net profit attributable to shareholders was 1.800 billion CNY, an increase of 38.80% [2] Group 3: Shareholder Information - Cangge Mining has distributed a total of 9.629 billion CNY in dividends since its A-share listing, with 5.998 billion CNY distributed in the last three years [3] - As of June 30, 2025, the number of shareholders increased by 4.41% to 29,400, with an average of 53,435 circulating shares per shareholder, a decrease of 4.22% [2][3] - Major shareholders include Hong Kong Central Clearing Limited and Shenwan Hongyuan Securities, with both increasing their holdings [3]

Core Viewpoint - The lithium sector is experiencing a significant shift in market dynamics, with leading companies like Ganfeng Lithium and Salt Lake Industry gaining substantial market capitalization, while mid-tier companies struggle to keep pace [1][2][3]. Group 1: Market Dynamics - Ganfeng Lithium has seen a price increase of over 60% in the last two months, pushing its market capitalization close to 150 billion yuan [2]. - The market capitalization ranking in the lithium sector has changed, with Ganfeng Lithium at the top, followed by Salt Lake Industry and Cangge Mining, both surpassing 100 billion yuan [1][2]. - The valuation gap between leading and mid-tier lithium companies has widened significantly, highlighting a "stronger gets stronger" trend [1][3]. Group 2: Investment Trends - Institutional investors are increasingly favoring Ganfeng Lithium, with significant capital inflows observed, such as 999.7 million yuan in purchases by two major institutions [2]. - The number of institutional investors holding shares in Ganfeng Lithium increased from 65 to 425 within six months, indicating growing confidence in the company [2]. - Salt Lake Industry and Cangge Mining have also attracted institutional interest, with their respective institutional holdings rising significantly [2]. Group 3: Valuation Logic - The shift in valuation logic is attributed to the changing market sentiment from "owning mines" to a focus on "technology + resources," emphasizing the importance of low marginal costs and advanced technologies in lithium extraction [1][4]. - Ganfeng Lithium's valuation has been boosted by its involvement in solid-state battery technology, which is currently highly regarded in the market [4]. - Analysts suggest that Ganfeng Lithium's integrated upstream and downstream operations provide it with a competitive edge, allowing it to better manage raw material price fluctuations [4]. Group 4: Future Outlook - The lithium price is expected to fluctuate between 60,000 to 80,000 yuan per ton in the first half of 2025, with Salt Lake Industry maintaining a gross margin of nearly 50% [5]. - Cangge Mining has reported a gross margin of over 30% for its lithium products, indicating strong profitability despite market challenges [5]. - New projects, such as the 10,000-ton battery-grade lithium carbonate project in Tibet, are expected to enhance the development potential of lithium resources in the region [12].

Core Viewpoint - The article discusses the recovery of lithium production by Zangge Lithium Industry after a temporary suspension due to regulatory issues, highlighting the implications for the lithium market and supply dynamics in the context of rising demand for energy storage solutions [10][12]. Company Updates - Zangge Lithium Industry's subsidiary received approval to resume lithium resource development activities after a suspension lasting 87 days due to violations in lithium resource extraction [4][5]. - The company plans to achieve a lithium carbonate production and sales target of 11,000 tons in 2025, with 5,170 tons produced and 4,470 tons sold in the first half of the year [6]. Market Dynamics - The demand for energy storage has increased significantly, with a reported growth of 20% to 30% in the third quarter compared to the second quarter [10]. - Despite the recovery in production, the low prices of lithium carbonate may lead to financial losses for projects with high extraction costs and low grades, indicating a natural market correction [10]. Industry Outlook - GGII predicts that lithium salt prices may enter a new upward cycle in the second half of 2026, driven by stricter compliance governance in major lithium-producing regions such as Jiangxi and Qinghai [11]. - The resumption of production by Zangge Lithium, along with the revival of operations at the Jiangxiawo lithium mine by CATL, signals positive market sentiment [12].

Group 1: Market Overview - The gold bull market is expected to continue, with the non-ferrous metal sector showing the strongest performance this year, having increased over 74% as of October 14 [1] - The precious metals index has surged over 90%, leading the secondary industry rankings [1] - A total of 29 stocks have doubled in price this year, with notable performers including Zhongzhou Special Materials, Zhaojin Mining, and Xinyi Silver [1] Group 2: Precious Metals Trends - Precious metals have dominated the commodity market this year, with gold prices surpassing $4,100 per ounce as of October 14, following a breakthrough of $3,000 in March [2] - Factors such as the U.S. government shutdown and escalating trade tensions are driving investors towards gold as a safe-haven asset, further pushing prices up [2] - Global central banks are increasing their gold purchases, and there is a trend of reallocating funds from U.S. Treasury securities to gold among various investors [2] Group 3: Hidden Gold Concept Stocks - The rise in precious metal stocks has led to increased interest in hidden gold concept stocks, with 60 stocks identified outside the precious metals sector [3] - Companies like Eurasia Group and Fuda Alloy have market capitalizations below 3 billion yuan, indicating potential for growth [3] - South Mining Group is focusing on gold and copper resources, with a project in Zimbabwe expected to yield clear investment returns [3] Group 4: Company-Specific Developments - TBEA announced an annual gold production of 2.5 to 3 tons [4] - Chengze Mining reported gold production of 500 kg in 2022 and 255 kg in the first half of 2023 [4] - Shengtun Mining plans to acquire all issued shares of Canadian Loncor for approximately 1.9 billion USD [5] Group 5: Stock Performance - A list of A-share gold concept stocks shows significant year-to-date gains, with Pengxin Resources leading at 152.58% increase [6] - Other notable performers include Chaoshengguo and Huayu Mining, both with gains exceeding 149% [6] - The data indicates a strong bullish sentiment in the gold sector, with many stocks experiencing substantial price increases [6]