Core Points - The company announced that its wholly-owned subsidiary, Puding County Derong Mining Co., Ltd., obtained a new safety production license for the Jinpo lead-zinc mine, valid until November 2, 2028 [1] - The license allows for underground mining of lead and zinc at a capacity of 200,000 tons per year [1] - Following the acquisition of the license, the subsidiary is preparing for resumption of production in accordance with regulatory requirements and will disclose information promptly after resumption [1]

Group 1 - The company reported a revenue of 966 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 1.71% [1] - The net profit attributable to shareholders was a loss of 96.29 million yuan [1] - The non-recurring net profit also showed a loss of 74.55 million yuan, with basic earnings per share at -0.30 yuan [1]

Company Performance - Luoping Zinc Electric reported a revenue of approximately 966 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 1.71% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 96.29 million yuan [1] - The basic earnings per share showed a loss of 0.3 yuan [1] Market Capitalization - As of the report, Luoping Zinc Electric has a market capitalization of 2.6 billion yuan [1]

Group 1 - Company announced the convening of the 9th second temporary board meeting on October 24, 2025, via communication voting [1] - The meeting reviewed the "2025 Third Quarter Report" and other documents [1] - For the first half of 2025, the company's revenue composition was as follows: metallurgy accounted for 96.38%, self-generated electricity 3.02%, and edible oil and by-products 0.6% [1] Group 2 - The current market capitalization of the company is 2.6 billion yuan [1]

证券代码：002114 证券简称：罗平锌电 公告编号：2025-056 本议案已经董事会审计委员会审议通过。 具体内容详见公司同日在《中国证券报》《证券时报》《证券日报》《上海 证券报》和巨潮资讯网（网址：http://www.cninfo.com.cn）披露的《2025 年 第三季度报告》（公告编号：2025-057）。 三、备查文件 云南罗平锌电股份有限公司 第九届董事会第二次（临时）会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚假记 载、误导性陈述或重大遗漏。 一、会议召开基本情况 云南罗平锌电股份有限公司（以下简称"公司"）第九届董事会第二次（临 时）会议于 2025 年 10 月 24 日上午 10:00 以通讯表决方式召开。会议通知及资 料已于 2025 年 10 月 21 日以电子邮件方式发出，并经电话确认。公司实有董事 6 人，参加会议的董事 6 人。本次会议发放表决票 6 张，收回有效表决票 6 张。 本次会议的召集、召开程序符合《中华人民共和国公司法》及《公司章程》的规 定，会议合法有效。 二、会议议案审议情况 1、会议以 6 票同意，0 票反对，0 票弃权， ...

Revenue and Profitability - Revenue for the third quarter reached ¥445,387,619.52, an increase of 59.35% compared to the same period last year[5] - Net profit attributable to shareholders was -¥4,103,342.75, a decrease of 94.36% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥9,088,638.24, a decline of 138.24% compared to the previous year[5] - Total profit decreased to -¥95,101,281.33, a decline of 47.54% from -¥64,459,529.15, primarily due to reduced zinc ingot production and increased costs[9] - Operating profit fell to -¥72,340,566.06, down 390.26% from ¥24,922,607.14, influenced by market trends and increased costs[9] - Net profit for the current period is -¥97,397,176.22, worsening from -¥71,958,447.96 in the previous period[22] - Basic and diluted earnings per share are both -¥0.30, compared to -¥0.22 in the previous period[22] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of ¥81,479,804.32, down 59.72% year-to-date[5] - Net cash flow from operating activities decreased by 59.72% to ¥81,479,804.32 from ¥202,305,235.97, due to increased cash outflows[10] - Cash flow from investment activities showed a net outflow of -¥45,465,708.30, an improvement of 53.20% compared to -¥97,155,124.15, due to increased cash inflows from dividends[10] - Cash and cash equivalents at the end of the period decreased by 64.01% to ¥14,449,312.74 from ¥40,145,885.84, reflecting a significant reduction in cash reserves[11] - The total net increase in cash and cash equivalents was -$62,490,364.16, compared to -$94,318,450.06 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,247,991,966.79, a decrease of 4.42% from the end of the previous year[5] - The company's equity attributable to shareholders decreased by 10.45% to ¥845,281,042.78 compared to the previous year[5] - Total liabilities amount to ¥1,404,912,436.91, slightly down from ¥1,409,238,252.37 in the previous period[19] - Non-current liabilities decreased to ¥338,055,496.36 from ¥406,397,262.42 in the previous period[19] - The estimated liabilities increased to ¥41,305,409.10, up 55.25% from ¥26,606,471.10, primarily due to provisions for penalties related to mining operations[9] Operational Expenses - Sales expenses rose to ¥6,414,557.68, a 60.23% increase from ¥4,003,269.86, mainly due to higher promotional costs incurred by a wholly-owned subsidiary[9] - R&D expenses increased by 33.20% to ¥1,629,342.37 from ¥1,223,256.70, attributed to a rise in personnel and testing costs[9] - Total operating costs increased to ¥1,014,669,321.81, up 2.5% from ¥990,814,934.24 in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,312[13] - The largest shareholder, Qujing Development Investment Group Co., Ltd., holds 22.40% of shares, totaling 72,427,600 shares[13] - The company completed a share transfer agreement on May 30, 2025, transferring 72,427,600 shares at a price of 6.471 yuan per share[15] - The new controlling shareholder is Qujing Development Investment Group, which now holds 22.3960% of the total shares[15] - The total number of preferred shareholders is zero, indicating no preferred shares are currently held[15] Investment and Financing Activities - The company received financing pledge deposits amounting to ¥251,201,502.03, a 41.13% increase from ¥177,994,865.98, indicating enhanced financing activities[10] - Cash inflow from financing activities totaled $557,456,085.36, with cash outflow of $655,960,545.54, resulting in a net cash outflow of $98,504,460.18[25] - The company paid $361,645,000.00 in cash for debt repayment, reflecting a significant cash outflow in financing activities[25]

Core Viewpoint - The stock of Luoping Zinc & Electricity has shown a significant increase of 39.89% year-to-date, despite recent fluctuations in trading performance and a notable decline in revenue and profit for the first half of 2025 [1][2]. Group 1: Stock Performance - As of October 23, Luoping Zinc & Electricity's stock price rose by 2.07% to 7.89 CNY per share, with a trading volume of 80.92 million CNY and a turnover rate of 3.23%, resulting in a total market capitalization of 2.55 billion CNY [1]. - Year-to-date, the stock has increased by 39.89%, with a slight rise of 0.77% over the last five trading days, a decline of 1.13% over the last 20 days, and an increase of 6.91% over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Luoping Zinc & Electricity reported an operating revenue of 521 million CNY, representing a year-on-year decrease of 25.97%. The net profit attributable to shareholders was -92.19 million CNY, a significant decline of 3964% compared to the previous year [2]. - The company has not distributed any dividends in the last three years, with a total payout of 35.74 million CNY since its A-share listing [3]. Group 3: Company Overview - Luoping Zinc & Electricity, established on December 21, 2000, and listed on February 15, 2007, is located in Luoping County, Yunnan Province. Its main business activities include hydropower generation, lead-zinc mining, ore dressing, and the smelting of lead and zinc metals [1]. - The revenue composition of the company is as follows: zinc ingots and zinc alloys account for 82.42%, germanium concentrate 8.29%, electricity 3.02%, sulfuric acid 2.57%, lead slag 1.63%, silver concentrate 0.84%, edible oil and by-products 0.60%, and other minor products [1].

Group 1 - The metal lead concept declined by 1.77%, ranking among the top declines in the concept sector, with companies like Hunan Silver, Wolong New Energy, and Silver Industry showing significant drops [1][2] - Among the concept stocks, 6 stocks experienced price increases, with Weiling Co., Shengtun Mining, and Luoping Zinc Electric rising by 2.05%, 0.96%, and 0.78% respectively [1][2] - The metal lead concept saw a net outflow of 1.076 billion yuan from main funds today, with 29 stocks experiencing outflows, and 6 stocks seeing outflows exceeding 50 million yuan [2][3] Group 2 - The top net outflow stock was Zijin Mining, with a net outflow of 287 million yuan, followed by Hunan Silver, Huayu Mining, and Wolong New Energy with outflows of 100 million yuan, 80.57 million yuan, and 75.99 million yuan respectively [2][3] - The stocks with the highest net inflow included Weiling Co., Guocheng Mining, and Smart Agriculture, with net inflows of 13.82 million yuan, 9.19 million yuan, and 7.48 million yuan respectively [2][3] - The trading volume for Zijin Mining was 1.53%, while Hunan Silver had a turnover rate of 10.21% [3]

Group 1 - The company, Loping Zinc & Electricity, reported that as of September 10, 2025, the number of shareholders is 33,107 [1]

Core Points - As of October 10, 2025, the number of shareholders for the company is 32,152 households [1] Summary by Category - **Shareholder Information** - The company has a total of 32,152 shareholders as of the specified date [1]