| 证券代码：000960 | 证券简称：锡业股份 | | 公告编号：2024-053 | | --- | --- | --- | --- | | 债券代码：148721 | 债券简称：24 锡 | KY01 | | | 债券代码：148747 | 债券简称：24 锡 | KY02 | | 云南锡业股份有限公司 关于 2025 年度向子公司提供担保额度预计的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、截至本公告披露之日，云南锡业股份有限公司（以下简称"锡业股份" 或"公司"）及控股子公司提供的担保额度总额为 4,800 万元，实际发生的担保 余额为 0。公司及下属子公司不存在逾期担保、涉及诉讼的担保及因被判决败诉 而应承担担保金额等情形。 2、截至 2024 年 9 月 30 日，云锡资源（德国）公司（以下简称"德国公司"）、 郴州云湘矿冶有限责任公司（以下简称"云湘矿冶公司"）资产负债率超过 70%。 3、本次 2025 年度向子公司提供担保额度预计事项尚需提交公司股东大会审 议。 一、担保情况概述 公司于 2024 年 12 月 ...

证券代码：000960 证券简称：锡业股份 公告编号：2024-054 债券代码：148721 债券简称：24 锡 KY01 债券代码：148747 债券简称：24 锡 KY02 云南锡业股份有限公司 3、投资金额：2025年度拟开展远期外汇交易业务总规模累计金额不超过 50,000万美元（按当期汇率折算成人民币359,340万元）或其他等值货币。 4、该事项已经云南锡业股份有限公司（以下简称"锡业股份"或"公司"） 于2024年12月27日召开的第九届董事会第七次会议和第九届监事会第七次会议 审议通过，尚需提交股东大会审议。 5、交易目的及特别风险提示：公司开展远期外汇业务主要规避因汇率波动 对公司造成不利影响，但在外汇远期锁汇业务开展过程中可能存在市场风险、操 作风险、客户违约风险等，公司将积极落实风险控制措施，防范相关风险。 一、交易情况概述 （一）开展远期外汇交易业务的目的 关于开展远期外汇交易业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、投资种类：远期外汇。 2、交易场所：具有外汇衍生品交易业务经营资质的银行等金融机构 ...

云南锡业股份有限公司 | 原《募集资金专项存储及使用管理制度》（经公司 | 2016 | 序号 | 年 | 月 | 日召开的 | 年第二次临时股东大会审议通 | 拟修订情况 | 备注 | 8 | 19 | 2016 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 过） | 为规范云南锡业股份有限公司（以下简称"公司"）募集资金的管理和使 | | | | | | | | | | | | 用，最大限度地保障投资者的利益，根据《中华人民共和国公司法》《中 | 为规范公司募集资金的管理和使用，最大限度地保障投资者的利 | 华人民共和国证券法》《上市公司监管指引第 | 2 号——上市公司募集 | | | | | | | | | | 益，根据《公司法》、《证券法》、《上市公司监管指引第 | 号 | 2 | 资金管理和使用的监管要求》《深圳证券交易所股票上市规则》《深圳 | ——上市公司募集资金管理和使用的监管要求》、《深圳证券交 | | | | | | | | | 1 | 证券交易所上市公司自律监管指引第 | 号— ...

| 证券代码：000960 | 证券简称：锡业股份 | 公告编号：2024-056 | | --- | --- | --- | | 债券代码：148721 | 锡 债券简称：24 | KY01 | | 债券代码：148747 | 债券简称：24 锡 | KY02 | 云南锡业股份有限公司 关于 2025 年日常关联交易预计的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、日常关联交易基本情况 （一）日常关联交易概述 1、为满足云南锡业股份有限公司（以下简称"锡业股份"或"公司"）日常生 产经营需要，公司及下属子公司 2025 年预计与关联方云南锡业集团（控股）有限责 任公司（以下简称"云锡控股"）和云南锡业集团有限责任公司（以下简称"云锡集 团"）及其关联企业发生采购、销售、提供或接受劳务等各类日常关联交易合计金额 1,913,783.00 万元，公司 2024 年度审议批准的日常关联交易预计金额为 1,348,910.00 万元，2024 年 1-11 月发生日常关联交易金额 1,215,052.92 万元（未经审计）。 2、2024 年 12 ...

| 证券代码：000960 | 证券简称：锡业股份 | | | 公告编号：2024-049 | | --- | --- | --- | --- | --- | | 债券代码：148721 | 债券简称：24 | 锡 | KY01 | | | 债券代码：148747 | 债券简称：24 | 锡 | KY02 | | 云南锡业股份有限公司关于与克什克腾旗人民政府 签署《锡产业合作协议》的自愿性信息披露公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、本次签订的合作协议，属于双方合作意愿的框架性约定，协议相关的实 施内容和进度存在不确定性。 2、本合作协议的签订预计对云南锡业股份有限公司（以下简称"锡业股份" 或"公司"）当期的财务状况和经营成果不构成重大影响。 一、合作协议签订的基本情况 鉴于内蒙古自治区（以下简称"内蒙古"）赤峰市克什克腾旗（以下简称"克 旗"）地处大兴安岭中南段有色金属成矿带，是锡资源的中心富集区，公司是集 锡、铟、锌、铜等有色金属资源探采、选冶、深加工以及新材料研发、贸易等全 产业链供应链一体化产业格局的上市企业。双方秉 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next six months [3][102]. Core Insights - Yunnan Tin Company Limited, with over 140 years of history, is the largest tin producer in China and has maintained a leading position globally, holding a 23% market share in 2023 [3][9]. - Global tin reserves have been declining, with a 7% year-on-year decrease in 2023, leading to a static reserve-to-production ratio [3][52]. - The demand for tin is recovering, particularly in sectors such as electronics and automotive, driven by increased usage in electric vehicles and photovoltaic applications [3][95][86]. - The company is expected to see revenue growth, with projected revenues of 39 billion, 41 billion, and 43.2 billion yuan for 2024, 2025, and 2026 respectively, alongside net profits of 1.79 billion, 2.22 billion, and 2.57 billion yuan [3][102]. Summary by Sections 1. Company Overview - Yunnan Tin Company Limited has a rich history and is recognized as a global leader in the tin industry, with a significant market share in both domestic and international markets [3][9]. - The company has a stable production capacity and has successfully managed resource allocation to maintain operational efficiency [3][23]. 2. Market Dynamics - The global tin market is characterized by declining reserves and increasing demand from various sectors, including electronics and automotive [3][52][95]. - The report highlights the recovery in the 3C electronics sector and the growth in the electric vehicle market, which are expected to drive tin demand [3][81][86]. 3. Financial Projections - The company is projected to achieve significant revenue growth over the next few years, with a focus on maintaining profitability through cost management and operational efficiency [3][102]. - The expected earnings per share (EPS) for the company are forecasted to be 1.09, 1.35, and 1.56 yuan for 2024, 2025, and 2026 respectively [3][102].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6]. Core Views - The company reported a revenue of 29.21 billion yuan for Q3 2024, a year-on-year decrease of 13.2%, while the net profit attributable to shareholders was 1.28 billion yuan, an increase of 17.2% year-on-year [1]. - The increase in net profit is attributed to a significant reduction in non-operating expenses in Q3 2024 compared to Q2 2024, where non-operating expenses were reduced from 250 million yuan to 10 million yuan [2]. - The average prices for copper, tin, and zinc showed slight fluctuations, with copper down 5.7% and tin down 1.1% in Q3 2024 [2]. - Production volumes for tin, copper, and zinc were affected by maintenance shutdowns, with tin production down 17% in Q3 2024 [2]. - Management expenses increased due to routine maintenance of tin smelting equipment, with sales, management, R&D, and financial expenses rising by 50%, 39%, 18%, and 10% respectively [3]. - The tin price is expected to remain high due to supply constraints, particularly following the suspension of mining in Myanmar, which accounted for approximately 18% of global tin production [3]. - The company has adjusted its profit forecasts for 2024-2026, expecting net profits of 1.75 billion, 2.22 billion, and 2.42 billion yuan respectively, reflecting a year-on-year growth of 24%, 27%, and 9% [3]. Financial Summary - For 2024, the company expects revenues to be 39.066 billion yuan, with a projected net profit of 1.747 billion yuan, reflecting a 24.02% increase [5]. - The company's P/E ratios for 2024, 2025, and 2026 are projected to be 15, 12, and 11 respectively, indicating a favorable valuation compared to historical performance [5]. - The report highlights that the company is a leader in the global tin industry, with potential for improved profitability as tin demand recovers [3].

| 证券代码：000960 | 证券简称：锡业股份 | | 公告编号：2024-048 | | --- | --- | --- | --- | | 债券代码：148721 | 债券简称：24 锡 | KY01 | | | 债券代码：148747 | 债券简称：24 | 锡 KY02 | | 云南锡业股份有限公司（以下简称"公司"）监事会于 2024 年 11 月 4 日 收到职工监事王金先生的书面辞呈。王金先生因工作岗位变动，申请辞去公司第 九届监事会职工监事职务，辞职后仍在公司任职。截至本公告日，王金先生未持 有公司股票。在任职期间，王金先生恪尽职守、勤勉尽责，公司及监事会对王金 先生为公司所做的贡献表示衷心感谢！ 根据《公司法》及《云南锡业股份有限公司章程》的有关规定，为保证公司 职工代表担任的监事不少于监事会人数的三分之一，经公司于 2024 年 11 月 4 日 召开的第三届职工代表大会第一次职工代表团（组）长联席会，选举刘秋麟女士 （个人简历附后）为公司第九届监事会职工监事，任期至第九届监事会届满为止 （2026 年 2 月 3 日）。 特此公告 云南锡业股份有限公司 云南锡业股份有限公司关于变更职 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected relative price increase of over 15% compared to the benchmark index within the next 6 to 12 months [10]. Core Views - The report highlights that the company's performance is significantly supported by the rising price of tin, which is expected to continue benefiting from supply constraints and recovering demand in the semiconductor sector [1][2]. - The company reported a revenue of 29.213 billion yuan for the first three quarters of 2024, a decrease of 13.2% year-on-year, while the net profit attributable to shareholders increased by 17.2% to 1.283 billion yuan [1][2]. - The average tin price in the first three quarters of 2024 was 247,600 yuan per ton, reflecting a year-on-year increase of 15.93% [3]. Summary by Sections Financial Performance - The company achieved a revenue of 42.359 billion yuan in 2023, with a projected increase to 47.662 billion yuan in 2024, representing a year-on-year growth of 13% [1]. - The net profit attributable to shareholders is forecasted to rise from 1.408 billion yuan in 2023 to 1.959 billion yuan in 2024, marking a 39% increase [1]. - Earnings per share (EPS) are expected to grow from 0.86 yuan in 2023 to 1.19 yuan in 2024 [1]. Price Trends - The average SHFE tin price for Q3 2024 was reported at 25.92 million yuan per ton, a decrease of 1.61% from the previous quarter but an increase of 15.89% year-on-year [3]. - The LME tin price remained stable at 31,025 USD per ton in Q3 2024, reflecting a year-on-year increase of 17.82% [3]. Production and Sales - The company produced 6.42 million tons of tin in the first three quarters of 2024, an increase of 8.8% year-on-year [1]. - The gross profit margin improved from 8% to 12%, indicating a year-on-year increase of 3.4 percentage points [1]. Cash Flow and Investment - Operating cash flow is projected to increase significantly from 2.193 billion yuan in 2023 to 5.775 billion yuan in 2024 [7]. - The company is expected to maintain a strong cash position with cash and cash equivalents projected to reach 7.038 billion yuan by 2024 [8].

期间费用中财务费用管理费用和销售费用同比均大幅下降同时公司加强地质找矿和冶炼方面关键技术研究力度研发费用同比增长2024年末公司规模净资产208.48亿元同比增长17.19%资产负债率进一步下降至40.19%资本结构进一步优化 受益于公司经营业绩持续增长债务规模不断下降资产债务结构持续优化偿债能力进一步提升2024年公司经营活动产生的现金流量金额34.05亿元同比增长55.25%盈利质量和现金流持续向好 4月2日晚间 西叶股份发布了年度报告2024年公司主动把控经营节奏 抢抓市场机遇财旋也协同联动 不断增强发展动力经营滞效持续稳健向好 西冶股份在不断努力取得业绩增长及高质量可持续发展的同时高度重视对投资者持续稳定合理的投资回报以实际行动回馈广大股东2024年度利润分配预案为美石股派现金红利1.9元含税已派发现金股利3.13亿元 2024年 公司生产有色金属总量36.1万吨其中 新8.48万吨 同13.03万吨 新14.40万吨总产量及新 新产品均创历史新高公司新产品国内市场占有率47.98%较2023年上升0.06个百分点 全球市场占有率25.03%较2023年上升2.11个百分点实现营业收入419.73亿元 ...