Group 1 - The core viewpoint of the article highlights the financial performance of Xingye Yinxin (000426.SZ) in the third quarter, showing significant growth in revenue and net profit [1] Group 2 - The company reported a total operating revenue of 4.099 billion yuan for the first three quarters, representing a year-on-year increase of 24.36% [1] - The net profit attributable to shareholders of the listed company reached 1.364 billion yuan, reflecting a year-on-year growth of 4.94% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.37 billion yuan, with a year-on-year increase of 5.01% [1]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter, indicating strong financial performance [1] - Year-to-date figures also show positive growth, although net profit growth is slower compared to revenue growth [1] Financial Performance - In Q3, the company achieved operating revenue of 1.626 billion yuan, a year-on-year increase of 48.09% [1] - The net profit attributable to shareholders for Q3 was 568 million yuan, reflecting a year-on-year growth of 36.49% [1] - For the first three quarters, the company reported total operating revenue of 4.099 billion yuan, up 24.36% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 1.364 billion yuan, with a year-on-year increase of 4.94% [1]

内蒙古兴业银锡矿业股份有限公司 2025 年第三季度报告 证券代码：000426 证券简称：兴业银锡 公告编号：2025-83 内蒙古兴业银锡矿业股份有限公司 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。 3.第三季度财务会计报告是否经过审计 □是 否 1 内蒙古兴业银锡矿业股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 适用 □不适用 | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末 | 说明 | | | | 金额 | | | 非流动性资产处置损益（包括已计提资产减值准备的 | -10,007.9 ...

Core Insights - The metal zinc sector experienced a significant increase of 3.60%, ranking third among concept sectors, with 33 stocks rising, including major gains from Dazhong Mining, Huayu Mining, and CITIC Metal [1][2] Sector Performance - The top-performing concept sectors today included: - Hainan Free Trade Zone: +4.35% - BC Battery: +3.89% - Metal Zinc: +3.60% - Metal Lead: +3.56% - Graphite Electrode: +3.55% [2] Capital Flow - The metal zinc sector saw a net inflow of 1.75 billion yuan, with 24 stocks receiving net inflows, and 5 stocks exceeding 100 million yuan in net inflow. Zijin Mining led with a net inflow of 878 million yuan, followed by Shengtun Mining, Dazhong Mining, and Xingye Silver Tin [2][3] Stock Performance - Key stocks in the metal zinc sector included: - Dazhong Mining: +10.03%, net inflow ratio of 23.39% - Zijin Mining: +3.75%, net inflow ratio of 13.58% - Shengtun Mining: +6.35%, net inflow ratio of 12.11% [3][4] Declining Stocks - Notable declines were observed in: - Feinan Resources: -4.41% - Beijete: -3.10% - ST Jinglan: -2.25% [1][5]

Group 1 - The metal lead concept increased by 3.56%, ranking fourth among concept sectors, with 32 stocks rising, including Dazhong Mining which hit the daily limit, and Huayu Mining, Guocheng Mining, and Huaxi Nonferrous rising by 8.09%, 7.67%, and 6.74% respectively [1] - The metal lead concept sector saw a net inflow of 1.775 billion yuan, with 24 stocks receiving net inflows, and 5 stocks exceeding 100 million yuan in net inflow, led by Zijin Mining with a net inflow of 878 million yuan [2] - The top net inflow ratios were recorded by Dazhong Mining, China Metallurgical Group, and Zijin Mining at 23.39%, 15.78%, and 13.58% respectively [3] Group 2 - The leading stocks in the metal lead concept included Zijin Mining, Shengtun Mining, and Dazhong Mining, with respective daily price changes of 3.75%, 6.35%, and 10.03% [3] - Stocks with significant declines included Beijiete and Wisdom Agriculture, which fell by 3.10% and 2.08% respectively [1][5] - The overall market performance showed a mixed trend with various sectors experiencing both gains and losses, highlighting the volatility in the current market environment [2][5]

Group 1 - The core viewpoint of the news is the performance and market position of Inner Mongolia Xingye Silver Tin Mining Co., Ltd, which saw a stock price increase of 5.11% to 31.05 CNY per share, with a total market capitalization of 55.133 billion CNY [1] - The company was established on August 23, 1996, and listed on August 28, 1996, focusing on the mining and smelting of non-ferrous and ferrous metal resources [1] - The main revenue composition of the company includes silver (34.80%), tin (30.81%), zinc (19.32%), lead (5.12%), iron (3.34%), antimony (2.90%), copper (2.01%), gold (0.66%), bismuth (0.32%), and other minerals (0.72%) [1] Group 2 - From the perspective of fund holdings, Guotou Ruijin Fund has a significant position in Xingye Silver Tin, with its Guotou Ruijin Zhaocai Mixed A Fund holding 45,800 shares, representing 3.26% of the fund's net value [2] - The fund has achieved a year-to-date return of 18.85%, ranking 4662 out of 8155 in its category, and a one-year return of 17.04%, ranking 4467 out of 8031 [2] - The fund manager, He Mingzhi, has been in position for 3 years and 47 days, with the best fund return during his tenure being 21.99% and the worst being 8.41% [3]

证券日报网讯兴业银锡（000426）10月28日在互动平台回答投资者提问时表示，截至2025年10月20日， 公司在册股东总人数为106，014户。 ...

Group 1 - The metal nickel sector experienced a decline of 1.37%, ranking among the top losers in the market, with notable declines from companies such as Tongling Nonferrous Metals and Huayou Cobalt [1][2] - Among the companies in the nickel sector, Huayou Cobalt saw a significant net outflow of 1.235 billion yuan, leading the sector in capital outflow [2][3] - Conversely, Xiamen Xinda, Huanxin Environmental Protection, and Tianqi Co., Ltd. were among the few stocks that increased, with gains of 7.73%, 5.57%, and 1.54% respectively [1][4] Group 2 - The overall capital outflow from the metal nickel sector amounted to 3.444 billion yuan, with 30 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2][3] - The top three companies with the highest capital outflows included Huayou Cobalt (-1.235 billion yuan), Luoyang Molybdenum (-624 million yuan), and Tongling Nonferrous Metals (-516 million yuan) [2][3] - In contrast, the stocks with the highest net inflows included Xiamen Xinda (28.28 million yuan), Tianqi Co., Ltd. (23.44 million yuan), and Xiangtan Electrochemical (23.11 million yuan) [2][3][4]

Group 1 - The metal lead concept declined by 1.70%, ranking among the top declines in the concept sector, with companies like Yuguang Gold Lead, Shengda Resources, and Xiyu Co. experiencing significant drops [1][2] - Among the metal lead concept stocks, 28 experienced net outflows of main funds, with a total outflow of 2.038 billion yuan, led by Zijin Mining with a net outflow of 477 million yuan [2][3] - The top gainers in the metal lead concept included Beijiete, Wolong New Energy, and Jinhui Co., with increases of 7.71%, 4.25%, and 2.97% respectively [1][3] Group 2 - The leading concept sectors for today included Cross-Strait with a gain of 4.29%, while the metal lead sector was among the worst performers [2] - The main fund inflows were observed in stocks like Wolong New Energy, High Energy Environment, and Hebang Bio, with inflows of 54.7 million yuan, 43.9 million yuan, and 29.0 million yuan respectively [2][3] - The metal lead concept stocks with the highest turnover rates included Yuguang Gold Lead at 9.32% and Zijin Mining at 1.28% [3]

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]