证券代码：000878 证券简称：云南铜业 公告编号：2025-032 云南铜业股份有限公司 关于参加云南辖区上市公司 2024 年度投资 者网上集体接待日活动的公告 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。 本次活动将采用网络远程的方式举行，投资者可登录 "全景路演"网站（https://rs.p5w.net），或关注微信公众号： 全景财经，或下载全景路演 APP，参与本次互动交流， 三、公司出席本次活动人员 届时公司财务总监、董事会秘书高洪波先生，财务资产 部负责人刘八妹女士和证券事务代表孙萍女士将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计划、 和可持续发展等投资者关心的问题，与投资者进行沟通与交 流，欢迎广大投资者踊跃参与！ 特此公告 云南铜业股份有限公司董事会 为进一步加强与投资者的互动交流，云南铜业股份有限 公司（以下简称公司）将参加由云南证监局指导，云南省上 市公司协会与深圳市全景网络有限公司联合举办的"2024 年 度云南辖区上市公司投资者网上集体接待日"，现将相关事 项公告如下： 一、活动时间 2025 年 5 ...

Core Viewpoint - The non-ferrous metal industry is experiencing significant growth driven by rising metal prices, with several leading companies reporting strong performance in 2024 and maintaining rapid growth in the first quarter of the year [1][2]. Group 1: Company Performance - Zijin Mining reported a revenue of approximately 303.64 billion yuan in 2024, a year-on-year increase of 3.49%, and a net profit attributable to shareholders of about 32.05 billion yuan, up 51.76% [2]. - In the first quarter of 2024, Zijin Mining achieved a revenue of 78.93 billion yuan, a 5.55% increase year-on-year, and a net profit of 10.17 billion yuan, reflecting a 62.39% growth [2]. - China Aluminum's revenue for 2024 reached 237.07 billion yuan, a 5.21% increase, with a net profit of 12.4 billion yuan, up 85.38% [2]. - In the first quarter of 2024, China Aluminum's revenue was 55.78 billion yuan, a 13.95% increase, and the net profit was 3.54 billion yuan, up 58.78% [2]. - Luoyang Molybdenum achieved a revenue of 213.03 billion yuan in 2024, a 14.37% increase, with a net profit of 13.53 billion yuan, up 64.03% [4]. - In the first quarter of 2025, Luoyang Molybdenum's revenue was 46.01 billion yuan, a slight decrease of 0.25%, while the net profit increased by 90.47% to 3.95 billion yuan [4]. Group 2: Industry Trends - The non-ferrous metal industry is benefiting from high prices of metals like gold and copper, leading to sustained high growth in revenues and profits for major companies [2][5]. - The market outlook for gold remains positive in the medium to long term, despite recent fluctuations, with expectations of a strong performance driven by inflation and weakening dollar credit [6][7]. - The copper market is expected to face a supply shortage in the medium term, with demand from sectors like home appliances and electric vehicles driving prices upward [7]. - The aluminum market is anticipated to improve, with a potential rise in prices due to recovering profits from electrolytic aluminum and increasing demand [7].

Group 1: Financial Performance - In Q1 2025, the company produced 348,900 tons of cathode copper, a year-on-year increase of 48.15% [1] - The total assets at the end of Q1 2025 amounted to 49.256 billion yuan, with a debt-to-asset ratio of 62.39% [1] - The operating income for Q1 2025 was 3.7754 billion yuan, reflecting a year-on-year growth of 19.71% [1] - The net profit attributable to shareholders was 239.7 million yuan, a year-on-year increase of 5.60% [1] Group 2: Production and Sales - Gold production reached 5.80 tons, with a year-on-year increase of 95.63% [1] - Silver production was 128.48 tons, showing a year-on-year growth of 54.31% [1] - Sulfuric acid production totaled 138.72 thousand tons, marking a year-on-year increase of 23.61% [1] - Copper concentrate production was 13,900 tons, a year-on-year decrease of 15% [1] Group 3: Strategic Measures - The company is focusing on "digital transformation, expanding resources, refining mining, optimizing smelting, and enhancing recycling" to address the significant decline in processing fees [1] - The company has implemented cost reduction and efficiency improvement measures, enhancing the competitiveness of its main products [2] - The company is actively negotiating long-term contracts with suppliers to stabilize supply and ensure orderly production [5] Group 4: Asset Management - The company sold part of the assets of the Wangjiqiao plant for 446.74 million yuan, which is expected to increase net profit by 182 million yuan in 2025 [4] - The company is in the process of injecting resources from major shareholders, with commitments to manage and potentially integrate additional assets [6][7] Group 5: Market Outlook - Future copper prices are influenced by multiple factors, including global economic trends, supply-demand relationships, monetary policies, and geopolitical risks [7]

Core Viewpoint - The company has reported significant growth in production and has undertaken strategic asset management and investment initiatives to enhance its operational efficiency and market competitiveness [4][5][6]. Financial Data - In Q1 2025, the company produced 348,900 tons of cathode copper, representing a year-on-year increase of 48.15% - Gold production reached 5.80 tons, up 95.63% year-on-year - Silver production was 128.48 tons, reflecting a 54.31% increase year-on-year - Sulfuric acid production totaled 138.72 million tons, a 23.61% increase year-on-year - Copper concentrate production decreased by 15% to 13,900 tons [4]. Asset Management - The company has sold part of the assets from the Wangjiabiao plant of Southwest Copper, with an assessed value of 239.50 million yuan and a final transaction price of 446.74 million yuan, which is expected to increase net profit by 18.2 million yuan for 2025 [5]. Investment Initiatives - The company is establishing a controlling subsidiary in Liangshan Prefecture, Sichuan Province, with a registered capital of 50 million yuan, where the company will hold 60% ownership. This investment aims to optimize the copper smelting industry layout and enhance market competitiveness in the Chengdu-Chongqing region [6].

经审核，监事会认为董事会编制和审议云南铜业股份有 限公司 2025 年第一季度报告的程序符合法律、行政法规及 中国证监会的规定，报告内容真实、准确、完整地反映了上 市公司的实际情况，不存在虚假记载、误导性陈述或者重大 遗漏。 云南铜业股份有限公司监事会 云南铜业股份有限公司监事会 关于 2025 年第一季度报告的审核意见 云南铜业股份有限公司监事会对公司 2025 年第一季度 报告的内容和编制审议程序进行了全面审核，发表意见如 下： 2025 年 4 月 24 日 1 ...

Revenue and Profit - The company's revenue for Q1 2025 was ¥37,754,018,524.02, representing a 19.71% increase compared to ¥31,538,978,108.10 in the same period last year[5] - Net profit attributable to shareholders was ¥559,690,525.69, up 23.97% from ¥451,486,916.95 year-on-year[5] - Basic earnings per share rose to ¥0.2793, reflecting a 23.97% increase from ¥0.2253 in the same period last year[5] - The company reported a net profit increase of CNY 182 million from the asset sale, contributing positively to the financial outlook for 2025[20] - Net profit rose to ¥735,250,247.50, up from ¥666,651,129.23, representing an increase of about 10.5% year-over-year[27] Cash Flow and Operating Activities - The net cash flow from operating activities improved significantly, reaching -¥1,706,913,400.49, a 72.25% increase compared to -¥6,150,053,067.58 in the previous year[5] - Cash received from operating activities increased by 67.39% to ¥329,815,249.22, mainly due to an increase in performance bonds received[13] - The company recorded a net cash outflow from operating activities of ¥1,706,913,400.49, an improvement from a net outflow of ¥6,150,053,067.58 in the previous period[29] - Financing activities generated a net cash inflow of ¥4,440,816,940.10, down from ¥6,316,173,498.64 in the previous year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥49,256,476,863.70, a 13.09% increase from ¥43,556,755,723.17 at the end of the previous year[5] - The company's total liabilities increased to CNY 30.73 billion from CNY 25.11 billion, representing a rise of about 22.5%[25] - The company's cash and cash equivalents increased by 154.10%, reaching ¥4,565,142,059.32, primarily to meet production and operational needs[10] - Inventory levels increased to CNY 14.99 billion from CNY 12.65 billion, which is an increase of about 18.5%[23] Investment and Income - The company reported a significant increase in investment income, which reached ¥89,112,308.87, a 96.43% increase compared to ¥45,366,112.50 in the previous year[12] - The total comprehensive income attributable to shareholders decreased by 49.58% to ¥129,419,421.73, primarily due to increased floating losses from hedging activities[12] - The company incurred financial expenses of ¥130,297,104.44, an increase from ¥98,026,780.30, representing a rise of about 32.8% year-over-year[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 143,290[16] - The largest shareholder, Yunnan Copper (Group) Co., Ltd., holds 31.82% of the shares, totaling 637,469,718 shares[16] Production and Operations - The company produced 348,900 tons of cathode copper, a year-on-year increase of 48.15%, and 5.80 tons of gold, up 95.63%[19] - The company completed the sale of certain assets from the Wangjiqiao plant of Southwest Copper, generating a transaction price of CNY 446.74 million, which is expected to increase net profit by CNY 182 million in 2025[20] - The company established a new holding subsidiary in Liangshan, Sichuan, with a registered capital of CNY 500 million, where the company holds a 60% stake, aimed at enhancing the copper smelting industry chain and expanding sales in the Chengdu-Chongqing area[21] Research and Development - R&D expenses increased to ¥63,956,295.01 from ¥82,138,736.58, reflecting a decrease of approximately 22.2% year-over-year[27]

云南铜业（000878）公告，2025年第一季度营收为377.54亿元，同比增长19.71%；净利润为5.6亿元， 同比增长23.97%。 ...

证券代码：000878 证券简称：云南铜业 公告编号：2025-025 云南铜业股份有限公司 月 15 日上午 9:15－9:25，9:30－11:30，下午 13:00－15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为： 2025 年 4 月 15 日上午 9:15 至下午 15:00 期间的任意时间。 2024 年年度股东大会决议公告 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。 特别提示：本次股东大会会议召开期间没有增加或变更 提案。 云南铜业股份有限公司（以下简称公司或本公司）2024 年年度股东大会通知已于 2025 年 3 月 26 日在《证券时报》 《中国证券报》《上海证券报》《证券日报》及巨潮资讯网 （http://www.cninfo.com.cn）进行了公告（公告编号：2025-018 号）。 本次股东大会没有出现否决提案的情形；亦没有涉及变 更以往股东大会已通过的决议。 一、会议召开情况 （一）召开时间 现场会议召开时间为：2025 年 4 月 15 日下午 14:30 网络投票时间为：2025 年 4 月 15 日，其中 ...

北京大成（昆明）律师事务所 关于 云南铜业股份有限公司 2024 年年度股东大会的 法律意见书 大成 is Dentons' Preferred Law Firm in China 北 京 大 成 (昆 明 )律 师 事 务 所 www.dentons.cn 昆明市西山区万达·昆明双塔-北塔 5 楼 5 Floor of North Tower, Wanda Kunming Twin Towers, Xishan District, Kunming City Tel: 86 871-64326335 北京大成（昆明）律师事务所 关于云南铜业股份有限公司 2024 年年度股东大会 的法律意见书 致：云南铜业股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文 件的要求，以及《云南铜业股份有限公司章程》（以下简称"《公司章程》"）、 《云南铜业股份有限公司股东大会议事规则》（以下简称"《议事规则》"）等 有关规定，北京大成（昆明）律师事务 ...

截图自云南铜业年报 本报记者 梁宝欣 深圳报道 4月2日，云南铜业（000878.SZ）举行2024年度业绩说明会。数据显示，2024年云南铜业实现营收1780.12亿元， 同比增长21.11%；归母净利润12.65亿元，同比下降19.9%，连续两年出现同比下滑；归母扣非净利润11.91亿元， 同比下降22.55%。 针对去年陷入"增收不增利"的困境，云南铜业董事长孔德颂在业绩会上接受《华夏时报》记者提问时表示，铜企 因产品结构和原料来源不同，会导致盈利结构也不尽相同。公司2024年归属于上市公司净利润下降，与市场加工 费（TC）持续走低相关，加之2024年四季度公司缴纳矿山企业矿权权益金，导致四季度利润出现亏损。 铜精矿加工费大跌侵蚀利润 云南铜业是一家以阴极铜冶炼为主营业务的公司，而阴极铜是由铜精矿经过溶解、冶炼、电解等过程生产而来。 数据显示，该公司2024年全年生产阴极铜120.60万吨、黄金12.71吨、白银348.99吨、硫酸482.86万吨、精矿含铜 5.48万吨。 云南铜业管理层向记者表示，2024年净利润下降与市场加工费（TC）持续走低相关，加之2024年四季度公司缴纳 矿山企业矿权权益金， ...