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].

Group 1 - The industrial metal sector increased by 2.83% on September 12, with Electric Alloy leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] - Key stocks in the industrial metal sector showed significant price increases, with Electric Alloy rising by 17.29% and trading volume of 726,500 shares [1] Group 2 - The industrial metal sector saw a net inflow of 826 million yuan from main funds, while retail investors experienced a net outflow of 165 million yuan [2] - The stock of Northern Copper had a net inflow of 495 million yuan from main funds, representing 33.40% of its total trading [3] - Electric Alloy experienced a net outflow of 112 million yuan from speculative funds, indicating a shift in investor sentiment [3]

Group 1 - The mining sector experienced a significant surge, with the mining ETF (159690) rising by 3.82% and reaching a peak increase of 4.28% as of 10:46 AM on September 12, 2023. Year-to-date, the ETF has accumulated a gain of 62.87% [1][3] - Key stocks such as Yunnan Copper and Northern Copper both hit the 10% limit up, while Hunan Silver, Xingye Silver Tin, Jiangxi Copper, and Yun Aluminum also showed notable gains [1] - Trading activity intensified, with a turnover rate of 25.88% and a transaction volume exceeding 12 million, representing an 88.40% increase compared to the previous day [1] Group 2 - The strong rise in the mining sector is primarily driven by the $53 billion merger between Canadian Teck Resources and Anglo American, indicating a high recognition of copper's long-term prospects within the mining capital [3] - The merger highlights the ongoing transformation in copper demand driven by the AI computing revolution and global military spending expansion, further solidifying copper's status as a "strategic metal" [3] - The continuous momentum from the energy transition is reinforcing copper's position as a core target for capital investment [3]

Group 1 - The non-ferrous metal sector showed strong performance on the 12th, with several stocks hitting the daily limit, including Electric Alloy (300697) up 20%, New Weiling up over 15%, and others like Shengda Resources (000603) and Yunnan Copper (000878) also seeing significant gains [1] - Institutions indicate that expectations for a Federal Reserve interest rate cut have risen, combined with the seasonal demand boost in September and October, providing strong upward momentum for industrial metal prices [1] - Zhongyou Securities noted that despite a recent decline in LME copper prices and weaker-than-expected U.S. non-farm payrolls, the overall economic data suggests a higher likelihood of a soft landing rather than a recession, which could support copper prices [1] Group 2 - Minsheng Securities highlighted that recent weak employment data in the U.S. and inflation aligning with expectations have bolstered market confidence in a potential interest rate cut by the Federal Reserve in September, positively impacting gold and silver prices [1] - The legal and economic uncertainties stemming from the Trump tariff case are expected to increase safe-haven demand, providing support for gold prices, while silver prices are reaching new highs due to its industrial properties and upward momentum [1] - In the medium to long term, central bank gold purchases and weakening U.S. dollar credit are seen as key trends, with a continued positive outlook for gold prices and opportunities for positioning in the gold sector [1]

Group 1 - The core viewpoint of the articles indicates a significant rise in copper-related stocks and prices, driven by expectations of a Federal Reserve interest rate cut and strong demand in various sectors [2][3][5] - On September 12, copper futures surged to 80,880 yuan/ton, reflecting a broader increase in commodity prices [3] - Analysts suggest that recent economic data has paved the way for a potential interest rate cut by the Federal Reserve, which could positively impact commodity prices [4][5] Group 2 - The copper supply side is facing challenges, with slow capacity release and increased supply pressure from overseas disruptions, leading to a structural imbalance in supply and demand [6] - Short-term demand for copper is expected to be strong due to the upcoming "golden September and silver October," with robust needs from the new energy and power sectors, as well as a gradual recovery in real estate and traditional consumption [7] - Long-term demand for copper is projected to grow significantly, with estimates suggesting an additional demand of at least 10 million tons by 2035 driven by electric vehicles, AI, and power infrastructure [7][8] Group 3 - The rapid development of AI technology is increasing the demand for copper, particularly in data centers, which are expected to consume between 200,000 to 500,000 tons of copper annually by 2027, representing a compound annual growth rate of 26% [8] - The rise of data centers and AI is anticipated to contribute an additional 3% to global copper demand by 2027, while electric vehicles are expected to account for only 5.2% [8] - Geopolitical tensions are also driving demand for copper in defense spending, as various military applications require significant amounts of copper [8] Group 4 - Market analysts believe that the current copper price uptrend is just beginning, with multiple factors contributing to a potential long-term revaluation of copper [9] - Institutions like New Lake Futures and Minsheng Securities highlight that the combination of macroeconomic data supporting a Fed rate cut, ongoing supply tightness, and resilient demand will likely keep copper prices on an upward trajectory [9]