Core Viewpoint - The company acknowledges concerns regarding its stock performance, which has lagged behind peers, and emphasizes its commitment to market value management through various strategies [1] Group 1: Market Value Management - The company is actively engaged in market value management, having established relevant systems approved by the board [1] - Key strategies include enhancing core business operations to improve quality and sustainable profitability, thereby strengthening value creation capabilities [1] - The company is focused on optimizing information disclosure quality and enhancing communication with investors to effectively convey its value [1] Group 2: Governance and Compliance - The company places significant importance on compliance operations and aims to improve governance standards, providing a solid institutional foundation for market value management [1] - Management will continue to concentrate on core business operations to enhance competitive advantages and deliver better performance to investors [1]

证券日报网讯云南铜业（000878）11月24日在互动平台回答投资者提问时表示，截至2025年11月20日， 公司股东人数为198944户。 ...

证券日报网讯云南铜业（000878）11月21日发布公告，在公司回答调研者提问时表示，今年以来，主要 地区硫酸均价同比有较大幅度上涨，公司积极抢抓市场机遇，实现了对业绩的积极贡献。 ...

Core Viewpoint - Yunnan Copper has emphasized the importance of resource replacement and increasing reserves, with significant investments in geological research and exploration activities [1] Group 1: Resource Management - The company is focusing on geological comprehensive studies and exploration work in the deep and peripheral areas of its mines [1] - Yunnan Copper's main mining assets include the Pulang Copper Mine, Dahongshan Copper Mine, and Yangla Copper Mine, which are located in the Sanjiang mineralization belt, indicating favorable geological conditions and exploration potential [1] Group 2: Future Plans - In the first half of 2025, the company plans to conduct multiple mineral exploration activities and deep peripheral exploration work [1] - Yunnan Copper is in the process of acquiring a 40% stake in Liangshan Mining held by Yunnan Copper Group through a share issuance, which will make Liangshan Mining a subsidiary of the listed company, thereby enhancing the company's resource reserves [1]

（编辑 袁冠琳） 证券日报网讯 云南铜业11月21日发布公告，在公司回答调研者提问时表示，西南铜业搬迁项目采用世 界先进铜冶炼工艺和装备，可实现资源的高效综合利用，降低生产成本，提升公司的综合竞争力。公司 西南、东南、北方三个铜冶炼基地布局合理，多技术路线并进，使公司在生产组织上更加灵活，能够根 据不同的原料和市场情况合理调配，提高了原料适应性。近年来，公司通过持续降本、提质等措施提升 整体竞争力，目前冶炼加工成本具有一定竞争优势。 ...

Core Viewpoint - Yunnan Copper announced its strategic focus on "digital transformation, resource expansion, mining optimization, smelting improvement, recycling, and refining of rare metals" to enhance its competitive edge and ensure high-quality development [2] Group 1: Strategic Focus - The company is increasing its efforts in urban mining and the extraction of rare metals [2] - By 2025, the company aims to focus on extreme operational efficiency, targeting a further reduction in main product costs compared to 2024 levels [2] - The company has achieved a competitive cost structure for its main products through years of cost reduction and efficiency improvements [2] Group 2: Profit Contribution and Supply Chain - The company is enhancing the profit contribution from by-products such as sulfuric acid, selenium, tellurium, platinum, palladium, and rhenium to improve overall competitiveness [2] - Increased procurement of urban mining materials is being prioritized to ensure raw material supply and mitigate challenges posed by processing fees [2]

（编辑 袁冠琳） 证券日报网讯 云南铜业11月21日发布公告，在公司回答调研者提问时表示，作为国内较大的铜精矿采 购商之一，公司遵循市场化和综合效益最大化的原则对外采购原材料，公司长期以来与各大供应商保持 了较好的长期稳定的合作关系，并与铜精矿供应商积极谈判，努力稳定长单供应量，争取保障生产有序 开展。此外，公司大股东所持有的矿山资源，也为公司的原料供应保障奠定了坚实基础。 ...

证券日报网讯 云南铜业11月21日发布公告，在公司回答调研者提问时表示，据了解，大股东旗下的秘 鲁铜业生产情况正常。2023年6月，中国铜业与公司签署股权托管协议，中国铜业将其持有的中矿国际 100%的股权委托公司管理，以履行承诺，避免中矿国际与公司的同业竞争，保护公司和股东尤其是中 小股东的利益。公司作为中铝集团、中国铜业唯一铜产业上市平台，依托中铝集团作为央企的强大综合 实力及资源优势，公司和行业多个上下游企业、金融机构、科研院所，形成多样化的业务合作，得到各 方支持和信任。公司严格按照《深交所股票上市规则》等相关规定履行信息披露义务，后续如有资产注 入事项，将按照相关规定履行信息披露义务。 （编辑 袁冠琳） ...

南财智讯11月21日电，云南铜业在投资者关系活动中表示，大股东旗下的秘鲁铜业生产情况正常。2023 年6月，中国铜业已将其持有的中矿国际100%股权委托公司管理，以避免同业竞争。公司作为中铝集 团、中国铜业唯一铜产业上市平台，将持续依托股东资源与行业合作优势推进发展。如有资产注入事 项，将严格按照相关规定履行信息披露义务。 ...

Group 1: Production and Resource Management - The production situation of the major shareholder's Peru Copper is normal, with a signed equity custody agreement to avoid competition and protect shareholder interests [2] - The company is focusing on resource replacement and increasing reserves, with significant investments in geological research and exploration activities [3] - The company is in the process of acquiring 40% of Liangshan Mining from Yunnan Copper Group, which will enhance resource reserves [3] Group 2: Cost Management and Competitive Advantage - The new Southwest Copper project utilizes advanced smelting technology to reduce production costs and enhance competitiveness [4] - The company has a competitive advantage in smelting processing costs due to ongoing cost reduction and quality improvement measures [4] - The company maintains stable long-term relationships with suppliers to ensure a steady supply of raw materials [5] Group 3: Strategic Response to Market Changes - The company is implementing a strategic layout focusing on digital transformation, resource expansion, and cost reduction, aiming for further cost decreases in 2024 [6] - The company is increasing the procurement of urban mining resources to mitigate the impact of declining processing fees [7] - Sulfur production and sales have seen significant price increases this year, contributing positively to the company's performance [7]