Core Viewpoint - Yunnan Aluminum Co., Ltd. has announced the profit distribution plan for the fiscal year 2024, which includes a cash dividend of RMB 624,232,332.90 to be distributed to shareholders based on the current total share capital [1][2]. Profit Distribution Plan - The profit distribution plan approved by the shareholders' meeting involves a cash dividend of RMB 0.18 per share for every 10 shares held, based on a total share capital of 3,467,957,405 shares [2][3]. - The total cash dividend amounts to RMB 624,232,332.90, and there will be no capital reserve fund conversion into share capital or issuance of bonus shares [1][2]. Key Dates - The record date for the distribution of rights is set for June 25, 2025, and the ex-dividend date is June 26, 2025 [2][3]. Distribution Method - Cash dividends will be directly credited to the accounts of shareholders through their securities companies on the ex-dividend date [3][4]. - Specific shareholders will receive cash dividends directly from the company, while others will have their dividends distributed through the China Securities Depository and Clearing Corporation [3]. Consultation Information - For inquiries, shareholders can contact the company at its office in Kunming, Yunnan Province, with provided contact details [3].

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2025-023 云南铝业股份有限公司 2024 年度利润分配实施公告 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。 云南铝业股份有限公司（以下简称"云铝股份"或"公司"）2024 年度利润分配方 案已获 2025 年 6 月 6 日召开的 2024 年年度股东大会审议通过，现将利润分配方案实施 事宜公告如下： 一、股东大会审议通过利润分配方案的情况 （一）公司股东大会审议通过的 2024 年度利润分配方案为：以公司现有总股本 3,467,957,405 股为基数，向全体股东每 10 股派发现金红利人民币 1.8 元（含税），共 派发现金红利人民币 624,232,332.90 元（含税）。本次分配不进行资本公积金转增股 本，不送红股。剩余未分配利润结转以后年度分配。 本次利润分配方案公告后至实施前，如公司股本发生变化，公司将保持分配总额不 变，按照调整每股分配比例的原则进行相应调整。 （二）本次利润分配方案自披露至实施期间公司股本总额未发生变化。 （三）本次实施的分配方案与股东大会审议通过的分 ...

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2025-022 云南铝业股份有限公司 关于更换职工监事的公告 本公司及监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。 近日，云南铝业股份有限公司（以下简称"云铝股份"或"公司"）收到骆灵芝女士 以书面形式提交的辞职报告。因个人原因，骆灵芝女士辞去公司职工监事职务。根据《公 司法》、云铝股份《公司章程》等有关规定，骆灵芝女士的辞职报告自送达公司之日起生 效。截止本公告披露日，骆灵芝女士持有公司股份 200 股，骆灵芝女士承诺，将严格遵守 《上市公司董事和高级管理人员所持本公司股份及其变动管理规则》以及《深圳证券交易 所上市公司自律监管指引第 18 号——股东及董事、高级管理人员减持股份》等相关法律 法规的规定。 根据《公司法》、云铝股份《公司章程》等有关规定，公司于 2025 年 6 月 17 日召开 了职工代表会议，选举赵从甫先生为公司第九届监事会职工监事，任期自职工代表会议审 议通过之日起至第九届监事会任期届满之日止。赵从甫先生简历附后。 特此公告。 云南铝业股份有限公司监事会 2025 年 6 月 ...

Group 1 - In 2024, China's bauxite production is expected to be approximately 93 million tons, remaining stable compared to 2023 due to environmental regulations and mining restrictions [1] - China's alumina production is projected to reach about 85.52 million tons in 2024, reflecting a year-on-year growth of 3.9% [2] - The output of electrolytic aluminum in China is estimated to be around 44.01 million tons in 2024, showing a year-on-year increase of 4.6% [4] Group 2 - China's recycled aluminum production is anticipated to be about 10.5 million tons in 2024, continuing its growth trend despite previous slowdowns [5][8] - The production of aluminum processing materials in China is expected to be around 64.6 million tons in 2024, with a year-on-year growth of 4.2%, accounting for 67.15% of the global total [9]

Investment Rating - The report maintains a "Buy" investment rating for the gold, copper, aluminum, tin, and antimony industries, indicating a positive outlook for these sectors [12][14]. Core Insights - Geopolitical military conflicts have led to increased capital inflow into precious metals, driving strong upward momentum in prices [6]. - The U.S. Federal Reserve is expected to continue its interest rate cuts, which supports the bullish trend in gold prices [12]. - Domestic demand for copper and aluminum is expected to weaken in the short term, but long-term supply-demand dynamics remain tight, supporting prices [12]. Summary by Sections Precious Metals - Gold prices have risen due to geopolitical tensions and continued purchases by the People's Bank of China, which increased its gold reserves by 60,000 ounces in May [6][12]. - The report notes that after a period of consolidation, gold prices are likely to enter a new upward phase [6]. Copper and Aluminum - Domestic macroeconomic indicators show a slight decline in demand, with China's May CPI at -0.1% and PPI at -3.3% [7][29]. - Despite weak downstream demand, low domestic inventory levels are expected to support copper and aluminum prices, which are projected to experience wide fluctuations [11][12]. Tin and Antimony - Tin prices are expected to remain strong due to supply constraints and declining inventories, with domestic refined tin prices at 265,680 RMB/ton [12]. - Antimony prices are under pressure due to weak demand, but long-term supply constraints are expected to support prices [12]. Key Recommendations - The report recommends specific stocks within each sector, including Zijin Mining and Zhongjin Gold for gold, and various companies for copper and aluminum [14][16].

Investment Rating - Industry rating: Recommended [4] Core Viewpoints - The geopolitical tensions and the decline of the US dollar index have led to a strong performance in gold prices, with COMEX gold rising 3.65% to $3,452.60 per ounce this week [23][25] - The market is increasingly pricing in the possibility of interest rate cuts by the Federal Reserve, with expectations of two cuts this year, the first likely in September [3][43] - The uncertainty in the Middle East, particularly regarding Iran and Israel, is contributing to a shift towards safe-haven assets like gold and silver [5][17] Summary by Sections Precious Metals - COMEX silver increased by 0.66% to $36.37 per ounce, while SHFE gold rose 1.42% to ¥794.36 per gram [23][25] - SPDR gold ETF holdings increased by 201,954.41 troy ounces, while SLV silver ETF holdings decreased by 1,090,806.40 ounces [25] - The gold-silver ratio rose by 2.97% to 94.93 this week [25] Base Metals - In the LME market, copper fell 0.24% to $9,647.50 per ton, while aluminum rose 2.10% to $2,503.00 per ton [49] - SHFE copper decreased by 1.17% to ¥78,010.00 per ton, and aluminum increased by 1.84% to ¥20,440.00 per ton [49] - The supply of copper is expected to tighten due to maintenance plans at domestic smelters and the ongoing geopolitical situation [7][8] Copper - The supply side is affected by a downward adjustment in the annual production forecast for the Kamoa-Kakula project and ongoing maintenance at the Cobre copper mine [7][44] - Domestic copper rod enterprises' weekly operating rate rose to 73.21%, but actual purchases are subdued due to high prices [7] - SHFE copper inventory decreased by 5.08% to 101,900 tons, while LME inventory fell by 13.54% to 114,500 tons [74] Aluminum - The aluminum industry operates at over 95% capacity, with minor maintenance plans causing limited supply disruptions [9][78] - Demand for aluminum products has softened, with a decrease in operating rates for various aluminum products [9][78] - SHFE aluminum inventory decreased by 6.91% to 110,000 tons, while LME inventory fell by 2.92% to 353,200 tons [11][78] Zinc - Zinc prices are under pressure due to weak demand, with domestic zinc ore processing fees rising [79] - SHFE zinc inventory decreased by 3.29% to 45,466 tons, while LME inventory fell by 4.36% to 131,000 tons [79]

Group 1: Financial Performance and Investor Relations - The company has maintained a positive trend in key financial indicators such as cash flow and debt-to-asset ratio, considering increasing the dividend payout ratio [1] - Cumulative dividend amount over recent years is approximately 14.22 million, representing 32.23% of the net profit attributable to shareholders for the year 2024 [1] - The company emphasizes a shareholder-centric approach, aiming to enhance profitability and risk resistance to provide long-term returns to investors [1] Group 2: Production and Product Strategy - The company’s wholly-owned subsidiary, Yunnan Wenshan Aluminum Co., Ltd., has achieved an annual production capacity of 140,000 tons of alumina, partially securing the supply for electrolytic aluminum production while still requiring external purchases [1] - Main aluminum processing products include deformed aluminum, aluminum alloy round ingots, deformed aluminum and aluminum alloy flat ingots, casting aluminum alloy ingots, electrical round aluminum rods, and aluminum welding materials [2] - The future strategy focuses on implementing the "Four Strong" strategic plan, aiming to build a benchmark for "green aluminum" and develop a high-quality industrial system [2]

从中证国企一带一路指数持仓的市场板块来看，上海证券交易所占比72.46%、深圳证券交易所占比 27.54%。 金融界6月10日消息，上证指数高开低走，中证国企一带一路指数 (国企一带一路，000859)下跌0.35%， 报1581.13点，成交额534.22亿元。 数据统计显示，中证国企一带一路指数近一个月上涨1.51%，近三个月上涨0.62%，年至今下跌2.50%。 据了解，中证国企一带一路指数从沪深市场参与一带一路建设的国企上市公司中，综合评估其市值规 模、一带一路业务参与程度、盈利质量及股东回报、社会责任情况，选取其中较具代表性的100只上市 公司证券作为指数样本，以反映受益于一带一路主题的国企上市公司证券的整体表现。该指数以2013年 12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证国企一带一路指数十大权重分别为：小商品城（2.78%）、山东黄金 （2.73%）、云天化（2.3%）、北新建材（2.07%）、中国海油（2.06%）、长江电力（2.05%）、德赛 西威（2.0%）、中海油服（1.95%）、东阿阿胶（1.86%）、云铝股份（1.78%）。 跟踪国企一带一路的公募基金包括：富 ...

Investment Rating - The report maintains a "Buy" rating for the industry and specific companies within the non-ferrous metals sector [5]. Core Views - The report expresses optimism for industrial metals due to easing tariff expectations and a favorable domestic macroeconomic environment [2]. - Industrial metal prices have shown resilience, with LME prices for aluminum, copper, zinc, lead, nickel, and tin experiencing increases of +0.12%, +1.83%, +1.25%, +0.51%, +1.21%, and +6.70% respectively [1][2]. - The report highlights a significant decrease in industrial metal inventories, particularly for copper (-11.66%) and aluminum (-2.33%), indicating tightening supply conditions [1][2]. Summary by Sections Industrial Metals - The report notes that the SMM copper concentrate import index increased by $0.27/ton, indicating a slight improvement in supply conditions [2]. - Domestic copper cable manufacturers' operating rates decreased to 76.08%, reflecting seasonal demand weakness [2]. - Aluminum prices are stabilizing after initial volatility due to geopolitical events, with domestic aluminum ingot inventories decreasing by 0.7 thousand tons [2]. Energy Metals - Lithium prices continue to decline but are approaching mining cost levels, while cobalt prices are expected to rise due to potential supply constraints from the Democratic Republic of Congo [3]. - Nickel prices have shown slight recovery, but overall demand remains weak, leading to expectations of continued price fluctuations [3]. Precious Metals - The report indicates a bullish outlook for gold prices due to expectations of U.S. interest rate cuts and ongoing geopolitical tensions [4]. - Silver prices have surged, reaching levels not seen since March 2012, driven by a favorable market environment [4]. - Key companies in the precious metals sector are recommended for investment, including Zijin Mining and Shandong Gold [4]. Key Company Earnings Forecasts - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for several companies, with recommendations for investment in companies like Zijin Mining (PE 12), Luoyang Molybdenum (PE 11), and Yunnan Aluminum (PE 6) [4].

Investment Rating - The report maintains a positive outlook on the metals and new materials industry, indicating a favorable investment environment [3][4]. Core Insights - The report highlights a significant increase in silver prices and resilient demand for base metals, suggesting a bullish trend in the market [3][4]. - The report emphasizes the ongoing increase in gold reserves by the People's Bank of China, which is expected to support long-term gold price growth [4][23]. - The report identifies potential investment opportunities in companies such as Zijin Mining, Luoyang Molybdenum, and Shandong Gold, among others, due to their favorable valuations and market positions [4][20]. Weekly Market Review - The Shanghai Composite Index rose by 1.13%, while the Shenzhen Component increased by 1.42%, and the CSI 300 Index gained 0.88% [5]. - The non-ferrous metals index increased by 3.74%, outperforming the CSI 300 Index by 2.86 percentage points [5][10]. - Year-to-date, the non-ferrous metals index has risen by 12.16%, exceeding the CSI 300 Index's growth by 13.70 percentage points [9]. Price Changes - Industrial metals and precious metals saw price changes, with copper, aluminum, lead, and zinc prices increasing by 2.05%, 0.27%, 1.05%, and 1.76% respectively [4][16]. - The report notes a significant rise in silver prices by 9.24% and gold prices by 0.54% [4][16]. Key Company Valuations - The report provides a detailed valuation of key companies in the metals sector, indicating potential growth in earnings per share (EPS) and price-to-earnings (PE) ratios for companies like Zijin Mining and Luoyang Molybdenum [20][21]. - Companies such as Shandong Aluminum and China Hongqiao are highlighted for their stable performance and dividend yields [4][20]. Copper Market Analysis - The report indicates a slight increase in copper supply costs, with the current TC at $42.9 per dry ton, reflecting a $0.55 increase [33]. - Domestic copper social inventory rose to 148,800 tons, an increase of 10,000 tons week-on-week [33]. Aluminum Market Insights - The report notes a decrease in aluminum prices, with the current average price reported at 20,230 CNY per ton, reflecting a week-on-week decline of 0.7% [48]. - The operating rate of downstream aluminum processing enterprises has decreased to 60.90% [48]. Steel Market Overview - The report highlights an increase in rebar prices, which rose by 10 CNY per ton to 3,140 CNY per ton [73]. - The total inventory of steel products remained stable, with slight fluctuations in production and demand across various steel categories [73].