证券代码：000878 证券简称：云南铜业 公告编号：2025-070 云南铜业股份有限公司 第十届董事会第四次会议决议公告 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。 云南铜业股份有限公司（以下简称云南铜业或公司）第 十届董事会第四次会议以通讯方式召开，会议通知于 2025 年 8 月 22 日以加密邮件方式发出，表决截止日期为 2025 年 8 月 27 日。会议应发出表决票 11 份，实际发出表决票 11 份， 在规定时间内收回有效表决票 11 份，会议符合《公司法》 及《公司章程》的规定。会议表决通过了如下决议： 一、关联董事回避表决后，以 7 票赞成，0 票反对，0 票弃权，审议通过《云南铜业股份有限公司关于与关联方共 同出资参股设立公司暨关联交易的议案》； 1 具体内容详见公司于同日在指定信息披露媒体上披露 的《云南铜业股份有限公司关于与关联方共同出资参股设立 公司暨关联交易的公告》。 二、以 11 票赞成，0 票反对，0 票弃权，审议通过《云 南铜业股份有限公司关于修订<董事会审计与风险管理委员 会工作细则>的议案； 具体内容详见公司于同日在 ...

Core Viewpoint - Yunnan Copper Co., Ltd. held its fourth meeting of the tenth board of directors, where several resolutions were passed, including related party transactions and revisions to internal regulations [1][2]. Group 1: Related Party Transactions - The board approved a proposal for establishing a company with related parties, with 7 votes in favor and no opposition or abstentions. The independent directors had previously reviewed and agreed to this proposal [1]. Group 2: Internal Regulation Revisions - The board passed a resolution to revise the "Audit and Risk Management Committee Work Rules" with unanimous support of 11 votes [2]. - A resolution to amend the "Information Disclosure Management System" was also approved with 11 votes in favor [2]. - The board approved the establishment of a "Director Departure Management System" with unanimous support of 11 votes [2].

Group 1 - The core point of the article is that China Aluminum (02600) plans to establish a joint venture with several companies, including China Aluminum Group, Yunnan Copper, Chihong Zinc & Germanium, and China Aluminum Capital, with a total investment of approximately RMB 15 billion [1] - China Aluminum will contribute RMB 300 million in cash and physical assets, while China Aluminum Group, Yunnan Copper, and China Aluminum Capital will invest RMB 375 million, RMB 300 million, and RMB 225 million respectively [1] - Chihong Zinc & Germanium will contribute RMB 300 million in cash and equity from its subsidiaries [1] Group 2 - The ownership structure of the joint venture will see China Aluminum Group holding 25%, China Aluminum 20%, Yunnan Copper 20%, Chihong Zinc & Germanium 20%, and China Aluminum Capital 15% [1] - The joint venture will not be a subsidiary of China Aluminum, and its financial performance will not be consolidated into China Aluminum's accounts [1] - As of the date of the announcement, no specific agreements have been signed regarding the establishment of the joint venture [1]

Group 1 - The core point of the article is that China Aluminum (02600.HK) plans to establish a joint venture with several partners, including Chalco Group, Yunnan Copper, Chihong Zinc & Germanium, and Chalco Capital, with a total investment of approximately RMB 15 billion [1] - China Aluminum will contribute RMB 300 million in cash and physical assets, while Chalco Group, Yunnan Copper, and Chalco Capital will invest RMB 375 million, RMB 300 million, and RMB 225 million respectively [1] - Chihong Zinc & Germanium will contribute RMB 300 million in cash and equity of its subsidiary [1] Group 2 - The ownership structure of the joint venture will see Chalco Group holding 25%, China Aluminum 20%, Yunnan Copper 20%, Chihong Zinc & Germanium 20%, and Chalco Capital 15% [1] - The joint venture will not be a subsidiary of China Aluminum, and its financial performance will not be consolidated into the company's accounts [1]

云南铜业股份有限公司 董事会审计与风险管理委员会工作细则 第一章 总 则 第一条 为强化董事会决策功能，做到事前审计、专业 审计和风险防控，确保董事会对经理层的有效监督，完善公 司治理结构，根据《中华人民共和国公司法》《上市公司治 理准则》《云南铜业股份有限公司章程》及其他有关规定， 公司设立董事会审计与风险管理委员会，并制定本工作细则。 第二条 董事会审计与风险管理委员会是董事会按照 股东会决议设立的专门工作机构，主要负责公司内、外部审 计的沟通，监督和核查工作，风险管理策略和解决方案的制 定；重大决策、重大事件、重要业务流程的风险控制、管理、 监督和评估；代表董事会对公司经营情况、内部控制的有效 性和风险控制的效果进行监督检查。 第二章 人员组成 第三条 审计与风险管理委员会成员为 5 名，为不在公 司担任高级管理人员的董事，其中独立董事应当过半数，并 由独立董事中会计专业人士担任召集人。董事会成员中的职 工代表可以成为审计与风险管理委员会成员。 第四条 审计与风险管理委员会委员由董事长、二分之 一以上独立董事或者全体董事的三分之一提名，并由董事会 选举产生。 1 第五条 审计与风险管理委员会设主任委员（ ...

云南铜业股份有限公司 董事离职管理制度 第一章 总则 第一条 为规范云南铜业股份有限公司（以下简称公司） 董事离职程序，确保公司治理结构的稳定性和连续性，维护 公司及股东的合法权益，根据《中华人民共和国公司法》（以 下简称《公司法》）、《中华人民共和国证券法》（以下简 称《证券法》）《深圳证券交易所股票上市规则》（以下简 称《股票上市规则》）、《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》（以下简称《规 范运作》）等法律法规、部门规章及规范性文件，以及《云 南铜业股份有限公司章程》（以下简称《公司章程》）的相 关规定，结合公司实际，制定本制度。 第二条 本制度适用于公司全体董事（含非独立董事、 独立董事以及职工董事）因任期届满、辞职、被解除职务或 其他原因离职的情形。 第三条 公司董事离职管理应遵循以下原则： （一）合法合规原则：严格遵守相关法律法规、监管规 定及《公司章程》的要求； （二）公开透明原则：及时、准确、完整地披露董事离 职相关信息； （三）平稳过渡原则：确保董事离职不影响公司正常经 营和治理结构的稳定性； （四）保护股东权益原则：维护公司及全体股东的合法 权益。 第二 ...

云南铜业股份有限公司 信息披露管理制度 第一章 总则 第一条 为规范云南铜业股份有限公司（以下简称公司） 的信息披露工作，保护投资者的合法权益，根据《中华人民 共和国公司法》、《中华人民共和国证券法》、中国证券监督 管理委员会《上市公司信息披露管理办法》、深圳证券交易 所证券监管规则等法律法规、部门规章及规范性文件，结合 公司实际情况，制定本制度。 第二条 本制度所称信息披露是指在规定的时间内、在 符合中国证券监督管理委员会（以下简称中国证监会）规定 的媒体上、以公告的方式向社会公众公布可能影响投资者决 策或对公司证券及其衍生品种交易的价格产生重大影响的 信息，以及相关法律、法规和深圳证券交易所证券监管规则 要求披露的其他信息， 并按规定及时报备中国证监会、深 圳证券交易所。 第三条 本制度所称信息披露义务人，是指公司及其董 事、高级管理人员、股东、实际控制人，收购人，重大资产 重组、再融资、重大交易有关各方等自然人、单位及其相关 人员，破产管理人及其成员，以及法律、行政法规和中国证 监会规定的其他承担信息披露义务的主体。 第四条 信息披露义务人应当及时依法履行信息披露义 务，披露的信息应当真实、准确、完整， ...

证券代码：000878 证券简称：云南铜业 公告编号：2025-071 云南铜业股份有限公司 关于与关联方共同出资参股设立公司 暨关联交易的公告 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。 一、关联交易概述 （一）本次关联交易概述 云南铜业股份有限公司（以下简称云南铜业或公司）拟 与中国铝业集团有限公司（以下简称中铝集团）、中国铝业 股份有限公司（以下简称中国铝业）、云南驰宏锌锗股份有 限公司（以下简称驰宏锌锗）和中铝资本控股有限公司（以 下简称中铝资本）共同出资设立有限责任公司（以下简称新 设公司），进一步发挥各方资源禀赋优势，联合打造稀有金 属产业链延伸的平台，同时助力公司的初级产品硒、碲、铋 等稀有金属向产业链下游环节延伸，实现稀有金属资源的终 端化、产品化和高端化。新设公司注册资本为 15 亿元，其 中，云南铜业以现金出资 3 亿元，持股 20%。 新设公司股权结构如下： | 序号 | 出资方 | 出资金额（亿元） | 出资方式 | 持股比例 | | --- | --- | --- | --- | --- | | 1 | 中铝集团 | 3.75 | ...

Summary of Yunnan Copper Industry Conference Call Company Overview - **Company**: Yunnan Copper Industry - **Period**: First half of 2025 Key Financial Metrics - **Copper Production**: 779,400 tons, up 53.22% year-on-year [2][4] - **Gold Production**: 12.19 tons, up 98.86% year-on-year [2][4] - **Silver Production**: 276.63 tons, up 98.70% year-on-year [2][4] - **Sulfuric Acid Production**: 282,900 tons, up 20.63% year-on-year [2][4] - **Revenue**: 88.913 billion yuan, up 4.27% year-on-year [2][4] - **Total Profit**: 1.895 billion yuan, up 2.94% year-on-year [2][4] - **Net Profit**: 1.317 billion yuan, up 24.32% year-on-year [2][4] - **Earnings per Share**: 0.6573 yuan, up 24.32% year-on-year [2][4] - **Return on Equity**: 8.68%, up 1.31 percentage points year-on-year [2][4] Operational Highlights - **Production Coordination**: Enhanced supply chain management contributed to record production levels [3] - **Asset Optimization**: Sale of idle assets and establishment of new subsidiaries to improve competitiveness [2][5] - **Strategic Investments**: Formation of a joint venture with Liangshan Industrial Investment to enhance local industry chain [5] Challenges and Responses - **Raw Material Supply**: Addressed challenges from tight raw material supply and low copper prices through improved operational management [3] - **Cost Management**: Implemented cost control measures to offset declines in processing fees and increased inventory impairment [7][20] Future Plans - **Production Targets**: Maintain production goals for 2025: 1.52 million tons of copper, 16 tons of gold, 680 tons of silver, 5.364 million tons of sulfuric acid, and 54,600 tons of molybdenum concentrate [3][8] - **Digital Transformation**: Focus on resource expansion, mining optimization, and recycling metal business [8] - **Project Development**: Accelerate the construction of the Hongniupo project to enhance resource self-sufficiency [11] Market Outlook - **Sulfuric Acid Prices**: Expected to remain stable due to strong demand from downstream chemical products [9] - **Copper Concentrate Production**: Anticipated slight decline due to lower ore grades, but overall production plans remain unchanged [10] Strategic Considerations - **Resource Self-Sufficiency**: Projects in Tibet and Peru expected to significantly enhance resource self-sufficiency [11][12] - **Exploration Initiatives**: Ongoing exploration projects both domestically and internationally to increase reserves [14] Competitive Positioning - **Cost Competitiveness**: Positioned in the top 25-30% globally in terms of cost efficiency, bolstered by high sulfuric acid prices and effective cost management [20][22] - **Market Stability**: Chinese smelting enterprises, including Yunnan Copper, maintain a stable position in the global market despite challenges [22][23] Dividend and Capital Expenditure - **Dividend Policy**: Adherence to disclosed dividend policy with no changes expected [21] - **Capital Expenditure Focus**: Prioritize capital spending on resource projects to ensure long-term growth [21]

Core Viewpoint - Yunnan Copper achieved significant growth in revenue and net profit in the first half of 2025, driven by optimized resource allocation and production efficiency [1][2]. Financial Performance - The company reported a revenue of 88.913 billion yuan, a year-on-year increase of 4.27% [1] - Total profit reached 1.895 billion yuan, up 2.94% year-on-year [1] - Net profit attributable to shareholders was 1.317 billion yuan, reflecting a growth of 24.32% [1] Production and Cost Management - Yunnan Copper's production of cathode copper reached 779,400 tons, marking a year-on-year increase of 53.22% [1] - The company has successfully reduced costs, with unit costs for copper concentrate and cathode copper better than annual reduction targets [1][3]. Industry Context - The copper price experienced high volatility, with a significant increase in the first quarter, surpassing 80,000 yuan per ton [2] - The demand from downstream processing enterprises surged, providing strong support for copper prices and boosting production in smelting companies [2]. Strategic Focus - The company is committed to high-quality development and cost reduction, enhancing the profitability of by-products such as sulfuric acid and molybdenum [2][4]. - Yunnan Copper is advancing towards intelligent mining and refining, investing over 80 million yuan in smart ore selection systems to improve efficiency and precision [4]. Environmental and Technical Improvements - The company has improved various technical indicators, including mining loss rates and overall recovery rates in copper smelting [3]. - Yunnan Copper aims to maximize resource utilization and promote green development through technological innovation [4].