Core Viewpoint - Yunnan Copper Industry Co., Ltd. has seen a stock price increase of 5.01% to 16.76 CNY per share, with a trading volume of 2.126 billion CNY and a market capitalization of 33.581 billion CNY as of September 17 [1] Company Overview - Yunnan Copper was established on May 15, 1998, and listed on June 2, 1998. The company is located in Kunming, Yunnan Province, and its main business includes copper exploration, mining, smelting, precious and rare metal extraction and processing, sulfur chemical products, and trading [1] - The revenue composition of Yunnan Copper is as follows: cathode copper 74.00%, other products 12.42%, precious metals 12.24%, and sulfuric acid 1.33% [1] Fund Holdings - According to data, one fund under Guotai Haitong Asset Management has a significant holding in Yunnan Copper. The Guotai Junan CSI 500 Index Enhanced A (014155) held 1.8515 million shares in the second quarter, accounting for 1.15% of the fund's net value, making it the fourth-largest holding [2] - The fund has generated an estimated floating profit of approximately 1.4812 million CNY today [2] Fund Performance - The Guotai Junan CSI 500 Index Enhanced A (014155) was established on December 15, 2021, with a latest scale of 1.451 billion CNY. Year-to-date, it has achieved a return of 29.35%, ranking 1625 out of 4222 in its category. Over the past year, it has returned 66.34%, ranking 1386 out of 3804, and since inception, it has returned 26.3% [2] Fund Management - The fund is managed by Hu Chonghai and Deng Yakuan. Hu has a tenure of 3 years and 278 days, with a total asset scale of 8.512 billion CNY, achieving a best return of 72.56% and a worst return of -0.04% during his tenure [3] - Deng has a tenure of 1 year and 125 days, managing assets totaling 2.132 billion CNY, with a best return of 42.01% and a worst return of 11.38% during his tenure [3]

Core Viewpoint - The non-ferrous metal index experienced a rapid increase on September 17, closing up 0.21% after a significant drop of 1.73% earlier in the day, indicating a potential recovery in the sector driven by expectations of a Federal Reserve interest rate cut [1] Market Performance - On September 17, individual stocks such as Northern Copper and Yunnan Copper saw significant gains, with Northern Copper hitting the daily limit and Yunnan Copper, Jiangxi Copper, and Huafeng Aluminum achieving maximum intraday increases of 5.14%, 4.49%, and 4.9% respectively [1] Economic Context - The non-ferrous metal sector faced a substantial pullback on September 16 as some investors took profits ahead of the anticipated Federal Reserve interest rate decision, which is expected to result in a 25 basis point cut [1] Analyst Insights - According to the chief metal analyst at CITIC Futures, the onset of a rate cut cycle is likely to lower the US dollar index, which typically benefits non-ferrous metals. Supply constraints for copper and aluminum this year, combined with rising gold prices stimulating speculative demand, suggest that domestic demand remains resilient, potentially leading to an upward price trend [1] Long-term Outlook - The fundamental support for the non-ferrous metal sector remains unchanged in the medium to long term, driven by expectations of a Federal Reserve rate cut, strong gold performance, and ongoing supply constraints for certain metals, which may continue to support price levels in the sector [1]

Group 1 - Yunnan Copper Industry Co., Ltd. experienced a stock price increase of 5.01%, reaching 16.76 CNY per share, with a trading volume of 2.123 billion CNY and a turnover rate of 6.56%, resulting in a total market capitalization of 33.581 billion CNY [1] - The company, established on May 15, 1998, and listed on June 2, 1998, is primarily engaged in copper exploration, mining, smelting, precious and rare metal extraction and processing, sulfur chemical industry, and trading [1] - The revenue composition of Yunnan Copper includes 74.00% from cathode copper, 12.42% from other products, 12.24% from precious metals, and 1.33% from sulfuric acid [1] Group 2 - Southern Fund's Southern CSI 500 ETF (510500) is among the top ten circulating shareholders of Yunnan Copper, having increased its holdings by 2.8995 million shares in the second quarter, totaling 20.7629 million shares, which represents 1.04% of the circulating shares [2] - The estimated floating profit from this investment is approximately 16.6103 million CNY [2] - The Southern CSI 500 ETF was established on February 6, 2013, with a current scale of 113.438 billion CNY, yielding 27.26% year-to-date and 63.65% over the past year [2]

Group 1 - The company announced that it has no overdue guarantees [2] - There are no guarantees related to lawsuits or any amounts that the company would need to pay due to losing a lawsuit [2] - The company and its subsidiaries do not provide guarantees to entities outside the consolidated financial statements [2]

证券代码：000878 证券简称：云南铜业 公告编号：2025-072 云南铜业股份有限公司 关于为控股子公司提供借款担保事项 的进展公告 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。 重要提示 本次被担保子公司资产负债率超过 70%，敬请投资者注意 相关风险。 一、担保情况概述 云南铜业股份有限公司（以下简称本公司或公司）分别于 2025 年 3 月 24 日召开第九届董事会第三十五次会议、第九届 监事会第二十六次会议，2025 年 4 月 15 日召开 2024 年年度股 东大会，审议通过《云南铜业股份有限公司关于 2025 年度为 控股子公司提供担保计划的议案》，同意公司 2025 年为控股 子公司云南迪庆矿业开发有限责任公司（以下简称迪庆矿业） 提供借款担保，金额不超过 29,000.00 万元，担保方式由公司 进行全额连带责任保证担保，迪庆矿业另一股东迪庆藏族自治 三、被担保人基本情况 （一）迪庆矿业基本情况 1、公司名称：云南迪庆矿业开发有限责任公司 2、成立日期：2004 年 10 月 10 日 3、注册资本：12,000 万元 州开发投资集团 ...

Group 1 - Yunnan Copper experienced a 5% decline on September 16, with a stock price of 15.57 yuan per share, a trading volume of 1.693 billion yuan, a turnover rate of 5.29%, and a total market capitalization of 31.196 billion yuan [1] - Yunnan Copper Co., Ltd. is located in Kunming, Yunnan Province, and was established on May 15, 1998, with its listing date on June 2, 1998. The company's main business includes copper exploration, mining, smelting, precious metals and rare metals extraction and processing, sulfur chemical industry, and trading [1] - The revenue composition of Yunnan Copper includes 74.00% from cathode copper, 12.42% from other products, 12.24% from precious metals, and 1.33% from sulfuric acid [1] Group 2 - From the perspective of major fund holdings, one fund under Guotai Haitong Asset Management heavily invested in Yunnan Copper. The Guotai Junan CSI 500 Index Enhanced A (014155) held 1.8515 million shares in the second quarter, accounting for 1.15% of the fund's net value, ranking as the fourth-largest holding [2] - The estimated floating loss for the fund today is approximately 1.5182 million yuan [2] - The Guotai Junan CSI 500 Index Enhanced A (014155) was established on December 15, 2021, with a current scale of 1.451 billion yuan. Year-to-date returns are 28.43%, ranking 1635 out of 4222 in its category, while the one-year return is 65.15%, ranking 1392 out of 3804 [2]

Group 1 - Yunnan Copper Industry Co., Ltd. experienced a 5% decline in stock price, reaching 15.57 CNY per share, with a trading volume of 1.69 billion CNY and a turnover rate of 5.28%, resulting in a total market capitalization of 31.196 billion CNY [1] - The company, established on May 15, 1998, and listed on June 2, 1998, is primarily engaged in copper exploration, mining, smelting, precious and rare metal extraction and processing, sulfur chemical industry, and trading [1] - The revenue composition of Yunnan Copper includes cathode copper at 74.00%, other products at 12.42%, precious metals at 12.24%, and sulfuric acid at 1.33% [1] Group 2 - Southern Fund's Southern CSI 500 ETF (510500) is among the top ten circulating shareholders of Yunnan Copper, having increased its holdings by 2.8995 million shares in the second quarter, totaling 20.7629 million shares, which represents 1.04% of the circulating shares [2] - The estimated floating loss for the ETF today is approximately 17.0255 million CNY [2] - The Southern CSI 500 ETF was established on February 6, 2013, with a current scale of 113.438 billion CNY, yielding a return of 26.32% year-to-date, ranking 1820 out of 4222 in its category, and a one-year return of 62.44%, ranking 1495 out of 3804 [2]

Core Viewpoint - Yunnan Copper's stock price has shown significant growth this year, with a year-to-date increase of 34.31% and a recent upward trend in the last five trading days [2] Group 1: Stock Performance - As of September 16, Yunnan Copper's stock price was 16.05 CNY per share, with a market capitalization of 32.158 billion CNY [1] - The stock has increased by 5.94% in the last five trading days, 16.64% in the last 20 days, and 34.53% in the last 60 days [2] Group 2: Financial Performance - For the first half of 2025, Yunnan Copper reported operating revenue of 88.913 billion CNY, a year-on-year increase of 4.27%, and a net profit attributable to shareholders of 1.317 billion CNY, up 24.32% year-on-year [2] - The company has distributed a total of 4.019 billion CNY in dividends since its A-share listing, with 1.944 billion CNY distributed in the last three years [3] Group 3: Shareholder Information - As of August 31, the number of shareholders for Yunnan Copper was 138,900, a decrease of 1.60% from the previous period, with an average of 14,426 circulating shares per shareholder, an increase of 1.63% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [3]

Group 1 - The copper concept sector increased by 1.82%, ranking 6th among concept sectors, with 58 stocks rising, including Shengda Resources, Yuguang Gold Lead, and Northern Copper, which hit the daily limit [1][2] - Notable gainers in the copper sector included Yunnan Copper, which rose by 8.73%, followed by Xingye Silver Tin at 7.43% and Jiangxi Copper at 6.79% [1][2] - The sector saw a net inflow of 588 million yuan from main funds, with 53 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflows [2][3] Group 2 - Northern Copper led the net inflow with 590 million yuan, followed by Yunnan Copper at 262 million yuan and Yuguang Gold Lead at 158 million yuan [2][3] - The net inflow ratios for Northern Copper, Shengda Resources, and Jincheng Mining were 39.77%, 19.65%, and 12.30% respectively [3][4] - The trading volume for Northern Copper was 58,980.51 million yuan, with a daily increase of 10.01% [3][4] Group 3 - The stocks with the largest declines included Wolong New Energy, which fell by 8.29%, followed by Jingyi Co. at 3.85% and China Ruilin at 2.03% [1][6] - The overall performance of the copper sector reflects a positive trend amidst fluctuations in other sectors, indicating potential investment opportunities [1][2]

Core Viewpoint - The gold concept sector has shown a significant increase, with a rise of 1.83%, ranking fifth among concept sectors, driven by strong performances from several stocks [1][2]. Group 1: Sector Performance - The gold concept sector saw 49 stocks increase in value, with notable gainers including Yunnan Copper (up 8.73%), Hunan Silver (up 7.43%), and Jiangxi Copper (up 6.79%) [1]. - The sector experienced a net inflow of 1.713 billion yuan, with 45 stocks receiving net inflows, and 13 stocks exceeding 100 million yuan in net inflows [2][3]. Group 2: Key Stocks - Northern Copper led the net inflow with 590 million yuan, followed by Hunan Silver (559 million yuan), Shanghai Construction (471 million yuan), and Yunnan Copper (262 million yuan) [2][3]. - The top three stocks by net inflow ratio were Northern Copper (39.77%), Shanghai Construction (33.38%), and Hunan Silver (27.76%) [3]. Group 3: Decliners - The stocks with the largest declines included Wolong New Energy (down 8.29%), Eurasia Group (down 2.22%), and China Ruilin (down 2.03%) [1][7].