Group 1 - The gold sector is experiencing active performance, with multiple gold-related stocks seeing significant increases in their prices [1][2] - Notable companies in the gold sector include: - Xiaocheng Technology (300139.SZ) with a latest stock price of 31.87 yuan and a daily increase of +13.66%, involved in the entire gold industry chain from exploration to sales in Ghana [1] - Shengda Resources (000603.SZ) with a latest stock price of 30.37 yuan and a daily increase of +5.86%, focusing on non-ferrous metal mining with seven subsidiaries [1] - Baiyin Nonferrous Metals (601212.SH) with a latest stock price of 5.19 yuan and a daily increase of +4.43%, a large enterprise with a full industry chain layout [1] - Xingye Silver Tin (000426.SZ) with a latest stock price of 35.27 yuan and a daily increase of +4.04%, involved in non-ferrous and precious metal mining [1] - Hunan Baiyin (002716.SZ) with a latest stock price of 6.49 yuan and a daily increase of +3.84%, focusing on silver smelting and processing [1] - Shanjin International (000975.SZ) with a latest stock price of 22.29 yuan and a daily increase of +3.48%, a leading domestic gold producer [1] - Zhaojin Gold (000506.SZ) with a latest stock price of 12.35 yuan and a daily increase of +3.35% [1] Group 2 - Additional notable companies include: - Sichuan Gold (001337.SZ) with a latest stock price of 27.90 yuan and a daily increase of +2.80%, a major gold mining company in Sichuan [2] - Zhongjin Gold (600489.SH) with a latest stock price of 21.81 yuan and a daily increase of +2.35%, one of the earliest listed gold companies in China, recently acquiring multiple gold mine equities [2]

Core Viewpoint - The silver sector is experiencing a strong performance, with several companies in the industry showing significant stock price increases. Company Summaries - **Shengda Resources (000603.SZ)**: Latest stock price is 30.37 CNY with a daily increase of +5.86%. It is a leading silver company controlling six mining subsidiaries, with high gross margins among listed companies [1]. - **Silver Industry (601212.SH)**: Latest stock price is 5.19 CNY with a daily increase of +4.43%. It operates a comprehensive production base for various non-ferrous metals [1]. - **Guocheng Mining (000688.SZ)**: Latest stock price is 23.58 CNY with a daily increase of +4.29%. The mines are located in Inner Mongolia, a major lead-zinc mining area [1]. - **Xingye Silver Tin (000426.SZ)**: Latest stock price is 35.27 CNY with a daily increase of +4.04%. Its subsidiary, Yinman Mining, is one of the largest silver-producing mines in China with high silver content [1]. - **Hunan Silver (002716.SZ)**: Latest stock price is 6.49 CNY with a daily increase of +3.84%. It is an important base for silver production and export in China, forming a complete industrial chain from "rich silver copper ore—silver—deep processing" [1]. - **Shanjin International (000975.SZ)**: Latest stock price is 22.29 CNY with a daily increase of +3.48%. Its subsidiary, Yulong Mining, is one of the largest single silver mines in China with high gross margins [1]. - **Zhuye Group (600961.SH)**: Latest stock price is 14.82 CNY with a daily increase of +2.70%. The main smelting products include silver [1]. - **Yuguang Gold Lead (600531.SH)**: Latest stock price is 11.17 CNY with a daily increase of +2.10%. It is a leading domestic silver producer, primarily engaged in the smelting and sales of silver and other non-ferrous metals, with silver ingots as the main product [2].

Core Viewpoint - As of November 28, 2025, the total number of registered shareholders for Xingye Yinxin (000426) is reported to be 98,216 households [1] Company Information - The company has engaged with investors through an interactive platform, providing transparency regarding its shareholder base [1] - The specific date mentioned for the shareholder count indicates a forward-looking perspective on shareholder engagement and company growth [1]

证券日报网讯12月10日，兴业银锡（000426）在互动平台回答投资者提问时表示，截至2025年11月20 日，公司在册股东总人数为106012户。 ...

Investment Rating - The investment rating for the tin industry is "Outperform the Market" (maintained) [1] Core Insights - Tin is an essential minor metal with increasing resource scarcity. As of the end of 2024, global tin reserves are estimated at 4.2 million tons, with a production of 300,000 tons. The reserve-to-production ratio has decreased from around 20 years in 2010 to 14 years in 2024, indicating a low level of reserves compared to production [2][21] - Global tin supply is expected to decline significantly by 2025 due to decreasing ore grades and various unpredictable factors affecting major production areas. China, the largest producer, has seen a decline in domestic production since 2015 due to lower ore grades and stricter environmental regulations [2][21] - Demand for tin is projected to remain stable or increase, driven by the semiconductor industry and other applications. The global demand for tin is expected to reach 386,000 tons in 2025, with a steady growth forecast through 2027 [2][21] - A significant shortage of refined tin is anticipated in 2025, with a projected supply-demand gap of approximately 16,000 tons. This gap may narrow in subsequent years as production resumes in Myanmar and new projects come online [2][21] - Key companies in the industry include Xiyang Co., Xingye Yinxin, and Huaxi Nonferrous [2] Summary by Sections Industry Overview - Tin is characterized by its low melting point and good conductivity, making it irreplaceable in solder applications. The global distribution of tin reserves is concentrated in a few countries, with China holding the largest share [2][21] Supply Dynamics - The global tin supply has been stable around 300,000 tons in recent years, but significant declines are expected due to various factors affecting major production areas, including environmental regulations and resource depletion [2][21] Demand Dynamics - The semiconductor sector is a major driver of tin demand, with a strong correlation to electronic product production. The demand for tin in solder applications is expected to grow, supported by a recovery in semiconductor sales [2][21] Price Trends - Tin prices have seen significant fluctuations, with a notable increase of 46% since early 2024. The average price for tin in 2024 is projected to be 248,300 yuan per ton, reflecting a year-on-year increase of 16.92% [12][21] Regional Insights - China's tin production has been on a downward trend, with production expected to be 69,000 tons in 2024, down from previous highs. Despite this, China remains the largest producer and holder of tin reserves globally [34][21]

公司发布的三季报数据显示，前三季公司共实现营业收入40.99亿元，同比增长24.36%，实现净利润 13.64亿元，同比增长4.94%，基本每股收益为0.7682元，加权平均净资产收益率15.88%。（数据宝） （文章来源：证券时报网） 兴业银锡12月10日披露，截至11月30日公司股东户数为98216户，较上期（11月20日）减少7796户，环 比降幅为7.35%。这已是该公司股东户数连续第3期下降。 证券时报·数据宝统计，截至发稿，兴业银锡收盘价为35.27元，上涨4.04%，本期筹码集中以来股价累 计上涨11.68%。具体到各交易日，8次上涨，6次下跌。 融资融券数据显示，该股最新（12月9日）两融余额为36.01亿元，其中，融资余额为35.81亿元，本期筹 码集中以来融资余额合计增加2.40亿元，增幅为7.19%。 ...

Group 1 - The industrial metal sector increased by 0.98% on December 10, with Shengda Resources leading the gains [1] - The Shanghai Composite Index closed at 3900.5, down 0.23%, while the Shenzhen Component Index closed at 13316.42, up 0.29% [1] - Notable individual stock performances included Shengda Resources with a closing price of 30.37, up 5.86%, and Yinbang Co. with a closing price of 13.69, up 5.15% [1] Group 2 - The industrial metal sector experienced a net outflow of 287 million yuan from main funds, while retail investors saw a net inflow of 35.77 million yuan [2] - Key stocks with significant fund flows included Xingye Yinxin with a main fund net inflow of 168 million yuan, and Yinbang Co. with a main fund net inflow of 149 million yuan [2] - Retail investors showed a net outflow in several stocks, including Xingye Yinxin and Yinbang Co., indicating a mixed sentiment among different investor types [2]

证券代码：000426 证券简称：兴业银锡 公告编号：2025-95 内蒙古兴业银锡矿业股份有限公司 关于诉讼进展之收到云南省人民检察院 《不支持监督申请决定书》的公告 本案件具体内容详见公司于 2019 年 10 月 22 日、2020 年 5 月 7 日、2020 年 10 月 17 日、2021 年 5 月 10 日、2022 年 4 月 2 日、2024 年 4 月 16 日在指定 信息披露媒体《中国证券报》《证券时报》《上海证券报》《证券日报》及巨潮资 讯网（www.cninfo.com.cn）披露的《兴业银锡：关于公司收到<应诉通知书>的 公告》（公告编号：2019-73）、《兴业银锡：关于公司收到<民事判决书>的公告》 （公告编号：2020-25）、《兴业银锡：关于公司收到二审<民事判决书>的公告》 （公告编号：2020-68）、《兴业银锡：关于公司收到<应诉通知书>的公告》（公告 编号：2021-39）、《兴业银锡：关于公司收到<民事裁定书>的公告》（公告编号： 2022-05）、《兴业银锡：关于诉讼进展之收到云南省人民检察院<通知书>的公告》 （公告编号：2024-17）。 二、诉讼进展情况 ...

证券代码：000426 证券简称：兴业银锡 公告编号：2025-96 内蒙古兴业银锡矿业股份有限公司 关于召开 2025 年第四次临时股东会的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 内蒙古兴业银锡矿业股份有限公司（以下简称"公司"）于2025年12月2日、 2025年12月6日在《中国证券报》《证券时报》《上海证券报》《证券日报》及 巨潮资讯网上刊登了《兴业银锡：关于召开2025年第四次临时股东会的通知》（公 告编号：2025-89）、《兴业银锡：关于增加股东会临时提案暨2025年第四次临 时股东会的补充通知的公告》（公告编号：2025-94）。本次股东会采取现场投 票与网络投票相结合的方式召开，现将本次股东会的有关事宜提示如下： 一、召开会议的基本情况 1、股东会届次：2025年第四次临时股东会 2、股东会的召集人：公司董事会 公司于2025年11月28日召开的第十届董事会第二十四次会议以9票同意，0 票反对，0票弃权的表决结果审议通过了《关于提请召开2025年第四次临时股东 会的议案》。 5、会议召开方式：本次股东会采用现场表决与网络投票 ...

Group 1 - The company is currently in the process of obtaining construction permits for its expansion project, which aims to increase annual mining and selection capacity to 8.25 million tons [2] - Once the construction permit is obtained, the company will commence construction of the expansion project [2]