Core Viewpoint - The company is experiencing a decline in stock price and facing questions regarding its financial performance and operational strategies, particularly in relation to its profit forecasts and resource management [1][2][3]. Financial Performance - As of February 4, 2026, the company's stock closed at 19.54 yuan, down 2.25%, with a turnover rate of 5.18%, trading volume of 235,200 shares, and a transaction amount of 460 million yuan [1]. - The company anticipates a net profit attributable to shareholders of 443 million to 503 million yuan for 2025, representing a year-on-year growth of 59.03% to 80.57% [2]. Operational Insights - The company has a sulfur iron ore annual mining capacity of 3 million tons and is evaluating resource expansion based on market conditions [2]. - The company confirmed it has a complete sulfuric acid production line [2]. Market Dynamics - On February 4, there was a net outflow of 42.31 million yuan from major funds, while retail investors saw a net inflow of 46.28 million yuan [5]. - The company stated that fluctuations in silver prices do not affect its processing technology profits, although they do impact capital usage [3].

Core Viewpoint - The company stated that its silver powder production is a form of silver reprocessing, indicating that fluctuations in silver prices do not affect processing technology profits but do impact the amount of capital used, thus eliminating the need for storage [2] Group 1 - The company engages in silver powder production, which is categorized as silver reprocessing [2] - Fluctuations in silver prices do not influence the profitability of the processing technology [2] - Changes in silver prices affect the capital utilization but do not necessitate storage of silver [2]

Group 1 - The company, Yuegui Co., stated that the issuance price for its private placement will not be lower than 80% of the average trading price of its stock over the 20 trading days prior to the pricing benchmark, which is considered the floor price [2]

Group 1 - The company, Yuegui Co., stated on an interactive platform that it has a complete sulfuric acid production line [2]

Group 1 - The company has an annual mining capacity of 3 million tons of sulfur iron ore [2] - The company will determine whether to expand its sulfur resource rights based on development plans and market conditions [2]

Group 1 - The company, Yuegui Co., Ltd. (000833.SZ), responded to an investor inquiry regarding the recent volatility in silver prices and its impact on the production of silver paste for solar batteries [2] - The company clarified that its silver powder production is a form of silver reprocessing, and fluctuations in silver prices do not affect the profitability of its processing technology [2] - However, the company noted that silver price volatility does impact the amount of capital used, thus indicating no need for silver storage [2]

Summary of Conference Call Notes Company Overview - The company discussed is **Yuegui Co., Ltd.** (粤桂股份), which operates in the basic chemical industry. Key Financial Projections - The company expects a significant increase in net profit attributable to shareholders for 2025, projecting a range of **4.43 to 5.03 billion CNY**, representing a year-on-year growth of **59.03% to 80.57%** [1] - The projected net profit excluding non-recurring items is expected to be between **4.45 to 5.04 billion CNY**, with a year-on-year increase of **57.86% to 78.84%** [1][2] Drivers of Performance - The substantial growth in profitability for 2025 is primarily attributed to the **increase in prices of ore-related products** [1][2] - The company is actively pursuing **cost reduction and efficiency enhancement** measures, which are contributing to improved operational efficiency [3] Strategic Initiatives - The dual drivers of **rising product prices** and ongoing **management reforms** are expected to lead to synchronized profit growth [4]

截至本公告日，李茂文、曾琼文先生未持有本公司股票，也不存 在按照相关监管规定应履行而未履行的任何承诺。公司及公司董事会 对李茂文、曾琼文先生在任职期间勤勉尽责、辛勤付出以及为公司发 展所做出的贡献表示衷心的感谢！ 特此公告。 证券代码：000833 证券简称：粤桂股份 公告编号：2026-003 广西粤桂广业控股股份有限公司董事会 广西粤桂广业控股股份有限公司 关于公司董事退休辞职的公告 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。 广西粤桂广业控股股份有限公司（以下简称"公司"）董事会于 2026 年 2 月 2 日收到公司董事李茂文、曾琼文先生书面申请辞职的 报告。李茂文、曾琼文先生因达到法定退休年龄申请辞去公司董事职 务。辞职后李茂文先生不再担任公司董事职务及董事会薪酬与考核委 员会委员职务，曾琼文先生不再担任公司董事及董事会提名委员会委 员职务。 根据《公司法》《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》及《公司章程》等相关规定，李茂文、 曾琼文先生的辞职未导致公司董事会成员低于法定最低人数，不会影 响公司董事会规范运作 ...

Market Overview - On January 29, the comprehensive sector declined by 1.61% compared to the previous trading day, with Yuegui Co., Ltd. leading the decline [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable gainers included Hongmian Co., Ltd. with a closing price of 4.15, up 4.27%, and Nanjing Xinbai with a closing price of 7.14, up 0.28% [1] - Major decliners included Yuegui Co., Ltd. at 21.22, down 5.44%, and Shanghai Sanmao at 13.26, down 3.70% [2] Trading Volume and Value - Hongmian Co., Ltd. had a trading volume of 1.1389 million shares and a transaction value of 465 million yuan [1] - Yuegui Co., Ltd. recorded a trading volume of 451,000 shares with a transaction value of 983.6 million yuan [2] Capital Flow - The comprehensive sector experienced a net outflow of 374 million yuan from institutional investors, while retail investors saw a net inflow of 328 million yuan [2] - Notable capital movements included Hongmian Co., Ltd. with a net inflow of 56.22 million yuan from institutional investors, while it faced a net outflow of 52.71 million yuan from retail investors [3] Individual Stock Capital Flow - Nanjing Xinbai had a net outflow of 825.76 million yuan from institutional investors, but a net inflow of 658.22 million yuan from retail investors [3] - Shanghai Sanmao experienced a net outflow of 582.08 million yuan from institutional investors, with a net inflow of 502.16 million yuan from retail investors [3]

Group 1 - The core viewpoint of the news is that Guangdong Yungui Co., Ltd. has received approval for an environmental impact assessment for its 100,000 tons/year refined wet-process phosphoric acid project, with a total investment of 1.08 billion yuan [1] - The approval information was disclosed by regulatory authorities on January 14, 2026 [1] - The "A-share Green Report" project aims to enhance transparency in environmental information of listed companies, utilizing authoritative environmental regulatory data from 31 provinces and 337 cities [1] Group 2 - The previous issue of the A-share Green Weekly Report indicated that five listed companies recently exposed environmental risks [3]