证券代码：000630 证券简称：铜陵有色 公告编号：2025－053 债券代码：124024 债券简称：铜陵定 02 铜陵有色金属集团股份有限公司 十届二十三次董事会会议决议公告 经与会董事认真审议，会议通过了以下事项： （一）审议通过了《公司 2025 年半年度报告全文及摘要》。 详细内容见公司同日披露在巨潮资讯网上的《2025 年半年度报告》和 《2025 年半年度报告摘要》。公司 2025 年第四次董事会审计委员会审议通 过了本议案。公司全体董事、监事及高级管理人员签署了书面确认意见。 表决结果：8 票同意；0 票反对；0 票弃权。 1 （二）审议通过了《公司关于铜陵有色金属集团财务有限公司风险评估 报告的议案》。 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 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 铜陵有色金属集团股份有限公司（以下简称"公司"）十届二十三次董 事会会议于2025年8月14日在安徽省铜陵市长江西路铜陵有色展示馆二楼会 议室召开，会议以现场结合通讯表决方式召开。会前公司董事会秘书室于2025 年8月4日以电子邮件及专人送达的方式通知了全体董事。应出席 ...

铜陵有色金属集团股份有限公司 2025 年半年度报告全文 证券代码：000630 证券简称：铜陵有色 公告编号：2025－055 债券代码：124024 债券简称：铜陵定 02 铜陵有色金属集团股份有限公司 Tongling Nonferrous Metals Group Co.,Ltd. 2025 年半年度报告 报告日期：2025 年 8 月 1 铜陵有色金属集团股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人龚华东、主管会计工作负责人姚兵及会计机构负责人(会计主 管人员)朱敏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告中涉及未来展望及计划等前瞻性陈述，不构成公司对投资者 的实质承诺，请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | | 第一节 | 重要提示、目录和释义 1 | | --- | --- | ...

Summary of Conference Call on Copper Industry Industry Overview - The conference call focuses on the copper industry, discussing supply-demand dynamics, price trends, and key companies involved in copper mining and refining. Key Points and Arguments Copper Price Trends - Copper prices are expected to recover from Q4 this year to Q2 next year due to tightening supply and demand recovery, with a favorable macroeconomic environment supporting this trend [2][4][5] - The anticipated weakening of the US dollar and expectations of interest rate cuts in the US are expected to positively impact copper prices [5][15] Supply and Demand Dynamics - Current supply remains tight, with a dual weakness in both supply and demand observed in the short term [7] - Domestic copper production is expected to increase by approximately 200,000 tons, with significant contributions from companies like Minmetals Resources and Luoyang Molybdenum [8][9] - The overall global copper supply increase is also projected to be around 200,000 tons [9] Company Performance - Notable companies in copper mining include Jincheng Mining, which has the largest increase this year, and Tongling Nonferrous, expected to perform well next year [3] - Key companies to watch include Jiangxi Copper and Yunnan Tin, which are expected to see their valuations return to normal levels as the industry recovers [4][19] Domestic Demand Insights - Domestic cable companies are operating at about 70% capacity, significantly lower than last year, while the home appliance sector has seen a sharp decline in external demand [10] - The automotive industry continues to grow steadily, contributing positively to copper demand [10][11] - The State Grid's investment is expected to increase by over 8% in Q4, which will help stabilize copper demand [11] Inventory and Market Conditions - COMEX inventories are expected to decline slowly, while LME inventories are gradually increasing, albeit at a modest rate [6] - The overall market is not currently experiencing significant inventory pressure, but future shifts in inventory from the US to overseas markets are possible [6] Future Outlook - The first half of next year is expected to see tighter supply conditions, with demand potentially improving on a month-over-month basis [4][14] - The macroeconomic environment, including the anticipated US interest rate cuts, is expected to support copper price increases [5][15] Production Capacity and Industry Challenges - China's electrolytic copper production capacity is currently around 14.8 million tons, with no new capacities expected to be approved in the near future [16] - The industry is facing challenges, with many companies operating at a loss, leading to potential production cuts in overseas markets [17] Investment Recommendations - Companies like Tongling Nonferrous and Jincheng Mining are highlighted as key investment opportunities due to their growth potential and market positioning [19] Additional Important Insights - The overall sentiment is cautiously optimistic, with expectations of price recovery and demand stabilization in the coming quarters, despite current challenges in the market [2][4][11][14]

Market Overview - As of August 6, the Shanghai Composite Index closed at 3633.99 points, with a change of +0.45%. The Shenzhen Component Index closed at 11177.78 points, up by +0.64%. The ChiNext Index ended at 2358.95 points, increasing by +0.66% [1]. Trading Volume Analysis - A total of 2406 stocks saw an increase in average transaction volume, with 39 stocks experiencing a rise of over 50%. Conversely, 2146 stocks reported a decrease in average transaction volume [1]. - Notable stocks with significant increases in average transaction volume include Feilong Co., Ltd. (up 314.48%), Jingquan Technology (up 166.57%), and Wantong Technology (up 139.10%) [1]. Active Stocks by Transaction Count - The stocks with the highest increase in transaction count include *ST Yazhen (up 6523.83%), Zhongheng Group (up 1421.98%), and Shunwei Co., Ltd. (up 1244.82%) [2]. - Other active stocks include Kehua Bio-engineering (up 674.27%) and New Spring Co., Ltd. (up 556.31%) [2]. Stocks with Significant Increases in Both Transaction Volume and Count - Wantu Technology showed a daily increase of 10.00%, with an average transaction volume increase of 139.10% and a transaction count increase of 300.05% [3]. - Zhejiang Huaye experienced a 20.00% increase in stock price, with a 106.45% rise in average transaction volume and a 214.51% increase in transaction count [4].

Core Insights - On August 6, the Shanghai Composite Index rose by 0.45%, with institutional investors appearing on the trading lists of 27 stocks, net buying 12 and net selling 15 [1][2]. Institutional Trading Summary - The stock with the highest net buying by institutional seats was Tongling Nonferrous Metals, which closed at the daily limit with a trading volume of 3.228 billion yuan and a turnover rate of 7.75%. The net buying amounted to 100.6006 million yuan, with significant inflows of 528 million yuan [2][5]. - Chengyi Pharmaceutical saw a 5.41% increase in its stock price, with a turnover rate of 29.52% and a trading volume of 1.527 billion yuan. Institutional net buying reached 88.3878 million yuan, but there was a net outflow of 71.0885 million yuan [2][5]. - Juguang Technology experienced a 16.21% increase, with a turnover rate of 12.45% and a trading volume of 1.088 billion yuan. Institutional net buying was 75.2953 million yuan, with a net inflow of 18.3043 million yuan [3][5]. Performance of Net Bought Stocks - The average increase for stocks with institutional net buying was 12.37%, outperforming the Shanghai Composite Index. Notable performers included Guorui Technology and Beifang Changlong, both closing at the daily limit [3][4]. - Among the stocks with institutional net buying, three had released half-year performance forecasts, with two expecting profit increases. Chengfei Integration had the highest expected net profit growth of 49.24% [3][4]. Institutional Selling Summary - The stock with the highest net selling by institutions was Western Materials, which saw a 10.69% decline, with a net selling amount of 106.8234 million yuan and a total outflow of 1.8 billion yuan [4][6]. - New Henghui had a turnover rate of 42.89% and a net selling of 93.3909 million yuan, with a total outflow of 1.86 billion yuan [4][6]. - Wanlima also had a high turnover rate of 45.88%, with a net selling of 71.2137 million yuan and a slight net inflow of 346.38 thousand yuan [4][6]. Deep and Shanghai Stock Connect Activity - On August 6, 15 stocks on the trading list had participation from the Shenzhen and Shanghai Stock Connect, with net buying in stocks like Chengfei Integration and Dongfang Precision, totaling 153 million yuan and 151 million yuan respectively [7][8]. - The stocks with the highest net buying from the Stock Connect included Chengfei Integration (15.295 million yuan), Dongfang Precision (15.130 million yuan), and Juguang Technology (5.716 million yuan) [8][9].

8月6日，上证指数、深证成指、创业板指、科创50指数早盘探底回升，午后一度回落，随后震荡上扬。 截至收盘，上证指数报3633.99点，涨0.45%，成交额7072.21亿元；深证成指报11177.78点，涨0.64%， 成交额10268.47亿元；创业板指报2358.95点，涨0.66%，成交额5251.73亿元；科创50指数报1059.76 点，涨0.58%，成交额347.61亿元。沪深两市合计成交17340.68亿元，成交额较上一交易日增加1379.87 亿元。 PEEK材料、人形机器人等概念走强倍加洁5连板 盘面上来看，行业板块、概念涨多跌少。其中，国防军工、机械设备、煤炭、纺织服饰、计算机、汽 车、有色金属、电子等行业涨幅靠前；PEEK材料、人形机器人、全息技术、加速器、同步磁阻电机、 液冷、摄像头、工业母机等概念走势活跃。医药生物、商贸零售、建筑材料、银行等行业跌幅居前；肝 炎、辅助生殖、工业大麻、创新药、纳米银等概念走势较弱。涨停个股主要集中在机械设备、国防军 工、计算机、汽车、纺织服饰等行业。 涨停股中，从连续涨停天数来看，大于或等于2天的个股有22只，其中，倍加洁5连板，连续涨停板数量 最多； ...

Group 1 - Institutions ranked 28 stocks today, with net purchases of 14 stocks and net sales of 14 stocks [1] - The top three stocks with the highest institutional purchases were Tongling Nonferrous Metals (CNY 101 million), Jiayuan Technology (CNY 9.375 million), and Chengyi Pharmaceutical (CNY 88.38 million) [1][3] - Tongling Nonferrous Metals saw a price increase of 10.11% [2] Group 2 - A recent collapse at Chile's El Teniente mine, operated by Codelco, resulted in 6 fatalities and has halted production, affecting over 25% of Codelco's total output [3] - Codelco produced 356,000 tons of copper last year, and Tongling Nonferrous Metals is one of the largest cathode copper producers in China, with an annual production capacity exceeding 1.7 million tons [3] - China Shipbuilding Industry Corporation announced plans to absorb China Shipbuilding Industry Co., Ltd. through an A-share stock issuance [3] Group 3 - At the Ascend Computing Industry Development Summit on August 5, CANN announced it will fully open-source its platform [4] - Financial securities believe that building an ecosystem is an inevitable trend, and China needs to accelerate the improvement of underlying architectures like CANN to enhance compatibility with CUDA [4] - Dongfang Guoxin's AI deep learning application products have achieved compatibility certification with Huawei's Ascend and Harmony, further enhancing performance to meet customer needs [4]

Market Overview - On August 6, the Shanghai Composite Index rose by 0.45%, the Shenzhen Component Index increased by 0.64%, and the ChiNext Index gained 0.66% [1] - A total of 54 stocks appeared on the "Dragon and Tiger List" due to significant trading activity, with the highest net inflow of funds recorded for Chengfei Integration (002190.SZ) at 308 million yuan [1][4] Stock Performance - Chengfei Integration saw a closing price increase of 10.01% with a turnover rate of 15.33%, and it accounted for 14.7% of the total trading volume [1][2] - The stock with the highest net outflow was Western Materials (002149.SZ), which experienced a net sell-off of 130 million yuan and closed down by 9.95% with a turnover rate of 12.48% [4][6] Institutional Activity - Among the 27 stocks on the Dragon and Tiger List, institutions were involved in 12 net purchases and 15 net sales, with a total net outflow of 223 million yuan [6][11] - The stock with the highest net purchase by institutions was Tongling Nonferrous Metals (000630.SZ), which closed up by 10.11% and had a turnover rate of 7.75% [7] Northbound Capital - On August 6, northbound capital participated in 15 stocks on the Dragon and Tiger List, with a total net purchase of 290 million yuan [10] - Chengfei Integration had the highest net purchase from northbound capital at 153 million yuan, representing 7.3% of its total trading volume [10][11] Joint Activity - Institutions and northbound capital jointly net bought Chengfei Integration, Yuguang Technology, and Tongling Nonferrous Metals, while they jointly net sold Aerospace Science and Technology and Western Materials [11][13]

Market Overview - On August 6, a total of 77 stocks in the A-share market hit the daily limit, with 63 stocks remaining after excluding 14 ST stocks, resulting in an overall limit-up rate of 75.49% [1] - The highest limit-up order volume was recorded by Tongling Nonferrous Metals, with 833,800 hands, followed by China Shipbuilding Industry, Zhong An Keji, and Beiwai Technology, with limit-up orders of 646,600 hands, 288,300 hands, and 230,000 hands respectively [1] Limit-Up Stocks Summary - The top three stocks by limit-up order funds were Beijiajie (5.06 billion), Changcheng Jincheng (3.46 billion), and Tongling Nonferrous Metals (3.36 billion) [1] - Beijiajie closed at 44.97 yuan with a turnover rate of 3.99%, driven by probiotics, the three-child policy concept, oral care, and exports [2] - Changcheng Jincheng closed at 46.98 yuan with a turnover rate of 5.88%, influenced by military equipment restructuring, ammunition and weaponry, and a narrowed mid-term loss [2] - Tongling Nonferrous Metals closed at 4.03 yuan with a turnover rate of 7.75%, supported by share buybacks, copper foil expansion, and state-owned enterprise reform [2] - China Heavy Industry closed at 5.15 yuan with a turnover rate of 4.24%, boosted by absorption and merger, shipbuilding, and state-owned enterprise reform [2]

Market Overview - A total of 77 stocks hit the daily limit up in the A-share market, with 63 stocks hitting the limit after excluding 14 ST stocks, resulting in an overall limit-up rate of 75.49% [1] Stock Performance - The highest limit-up order volume was for Tongling Nonferrous Metals, with 833,800 hands; followed by China Shipbuilding Industry, Zhong An Technology, and Beiwai Technology with limit-up orders of 646,600 hands, 288,300 hands, and 230,000 hands respectively [2] - In terms of limit-up order funds, 25 stocks had order amounts exceeding 100 million yuan, with Beijiajie, Changcheng Military Industry, and Tongling Nonferrous Metals leading at 506 million yuan, 346 million yuan, and 336 million yuan respectively [3] Industry Highlights Military Industry - Key stocks include Jieqiang Equipment, North China Long, China Shipbuilding Industry, and Changcheng Military Industry, focusing on military applications and equipment [4][5] - Jieqiang Equipment's products are widely used in military, environmental protection, and emergency response sectors [4] - North China Long specializes in military vehicle equipment, emphasizing non-metal composite materials [4] Robotics - Notable stocks include Zhongdali De, Guoji Jinggong, Bojie Co., and Haosen Intelligent, which are involved in the production of core components for industrial automation and robotics [6] - Zhongdali De has developed an integrated product structure around reducers, motors, and drives [6] Liquid Cooling Servers - Key stocks include Rihai Intelligent, Feilong Co., and Kexin Innovation Source, focusing on liquid cooling solutions for data centers [9][10] - Feilong Co. reported liquid cooling business revenue exceeding 40 million yuan in the first half of 2025, establishing partnerships with over 40 leading companies [9] Institutional Activity - Institutional net purchases for Tongling Nonferrous Metals exceeded 100 million yuan, with significant net buying also seen in China Shipbuilding Industry and Dongfang Jinggong [11][12] - Specific institutional purchases included 101 million yuan for Tongling Nonferrous Metals and 88.39 million yuan for Chengyi Pharmaceutical [13]