Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend with LME copper prices increasing by 2.26% to $9,879.00 per ton, while domestic copper prices rose by 2.47% to 79,900 yuan per ton. Supply-side pressures are evident as the processing fee for imported copper concentrate has dropped to -$44.81 per ton, indicating potential supply constraints [1][13] - The aluminum market is stabilizing at the bottom, with LME aluminum prices up by 1.31% to $2,595.00 per ton. However, the operating rate of leading aluminum cable enterprises has decreased to 61.8%, reflecting ongoing demand challenges [2][14] - Gold prices have decreased by 2.90% to $3,286.10 per ounce, influenced by geopolitical tensions and a reduction in SPDR gold holdings, indicating a temporary decline in gold's safe-haven appeal [3][15] - The rare earth sector is experiencing upward momentum, driven by export controls and stable production levels, with expectations of improved supply-demand dynamics and potential price support [3][27][30] Summary by Sections 1. Overview of Bulk and Precious Metals Market - Copper prices are on the rise, with a slight increase in inventory and a decrease in processing fees indicating potential supply issues [1][13] - Aluminum prices are stabilizing, but demand remains weak as indicated by declining operating rates in the industry [2][14] - Precious metals, particularly gold, are facing downward pressure due to geopolitical factors and reduced investment interest [3][15] 2. Updates on Bulk and Precious Metals Fundamentals 2.1 Copper - The copper market is experiencing a robust demand outlook, with potential supply constraints due to declining processing fees and reduced operating rates in key sectors [1][13] 2.2 Aluminum - The aluminum market is stabilizing, but the demand outlook remains weak, as evidenced by declining operating rates in the aluminum cable sector [2][14] 2.3 Precious Metals - Gold prices are under pressure due to geopolitical tensions and a decrease in ETF holdings, reflecting a temporary decline in its safe-haven status [3][15] 3. Updates on Minor Metals and Rare Earths - The rare earth sector is expected to benefit from improved supply-demand dynamics and stable production levels, with potential price support anticipated [3][27][30] - The antimony market is facing downward price pressure, but upcoming regulatory changes may provide a demand boost [4][31] - Molybdenum prices are stabilizing, with low inventory levels and strong demand from the steel sector indicating a positive outlook [4][32] 4. Updates on Energy Metals - Lithium prices have shown slight declines, but production levels are increasing, indicating a stable supply outlook [5] - Cobalt prices have increased, reflecting strong demand in battery applications, while nickel prices are mixed with slight fluctuations [5]

关于使用闲置自有资金购买理财产品的进展公告 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。 三川智慧科技股份有限公司（以下简称"公司"）于2024年8月28日召开第 七届董事会第十次会议，审议通过《关于使用闲置自有资金进行现金管理的议 案》，同意公司在确保资金安全、操作合法合规、正常生产经营不受影响的前 提下，使用部分闲置自有资金通过金融机构进行现金管理。现金管理的主要方 式为购买理财产品，额度不超过5亿元人民币，在此限额内可以滚动使用，使用 期限自第七届董事会第十次会议审议通过之日起12个月内有效，单个理财产品 的投资期限不超过一年。具体内容详见公司于2024年8月29日在巨潮资讯网披露 的《关于使用闲置自有资金进行现金管理的公告》（公告编号：2024-046）。 根据上述决议，近日公司使用闲置自有资金购买了世纪证券有限责任公司 （以下简称"世纪证券"）的理财产品。现将具体事项公告如下： 二、投资风险及风险控制措施 （一）投资风险 证券代码：300066 证券简称：三川智慧 公告编号：2025-027 三川智慧科技股份有限公司 2、通过进行适度的短期理财，能 ...

Core Viewpoint - San Chuan Wisdom has been committed to optimizing and upgrading intelligent manufacturing, focusing on innovation-driven development strategies in the smart water sector, and has been recognized as one of the "Advanced Intelligent Factories in Jiangxi Province by 2025" due to its outstanding performance in intelligent manufacturing [1] Group 1: Company Achievements - San Chuan Wisdom is one of the earliest companies in China specializing in the research, production, and sales of water meters, and is a leading smart water service provider in the country [2] - The company has successfully passed multiple certifications for its ultrasonic water meters, including the NMI certification from Australia and the MID and OIML certifications from Slovakia, allowing its products to circulate freely in 31 EU member states [2] - The 5G smart factory is designed with an annual production capacity of 5 million water meters, utilizing programmable robots and achieving over 95% automation in the production process [2][3] Group 2: Industry Trends - The demand for smart water meters is expected to increase due to the acceleration of smart city and water-saving city initiatives, as well as the implementation of tiered water pricing policies [4] - The smart water industry in China is transitioning from automation to digitalization, with most water companies building information infrastructure and moving towards a smart water 3.0 phase [4] - The development of smart water services will increasingly focus on intelligent solutions, leveraging big data and AI for deep data analysis to support decision-making [5] Group 3: Future Outlook - The 5G smart factory will significantly enhance San Chuan Wisdom's competitive advantage by improving production efficiency, product delivery capabilities, and reducing production costs [3] - The company aims to align with industry developments and continue driving product innovation, contributing to the transition of the entire industry towards advanced smart water 3.0 levels [6] - National policies introduced in 2024 are expected to boost the water industry, creating vast market opportunities for smart water solutions [6]

证券代码：300066 证券简称：三川智慧 公告编号：2025-026 三川智慧科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 三川智慧科技股份有限公司（以下简称"公司"或"本公司"）2024 年年 度权益分派方案已获 2025 年 5 月 9 日召开的 2024 年年度股东大会审议通过， 现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案的情况 1、公司股东大会审议通过的 2024 年年度权益分派方案为：以 2024 年 12 月 31 日总股本 1,040,033,262 股为基数，向全体股东每 10 股派发现金红利 0.30 元（含税），共计派发现金红利 31,200,997.86 元，不送红股，不以资本 公积金转增股本。若在本利润分配方案公告后至实施前，公司总股本因股权激 励行权、可转债转股、股份回购等事项发生变动的，将按照分配总额不变的原 则对分配比例进行调整。 2、公司自分配方案披露至实施期间公司股本总额未发生变化。 3、公司本次实施的分配方案与股东大会审议通过的分配方案一致。 4、本次实施 ...

Group 1: 5G Smart Factory Impact - The 5G smart factory has been officially launched after over two years of construction and testing, playing a significant role in the company's smart manufacturing and green transformation [2][3] - Short-term profit enhancement from the 5G smart factory is unlikely due to ongoing adjustments, but it is expected to provide strong momentum for future performance growth [2][3] - The factory achieves a production cycle of 18 seconds per unit and an automation rate of 95%, with energy consumption 20% better than national standards, significantly improving production efficiency and data application [3] Group 2: Trusted Data Space Development - The company is responding to the national "Trusted Data Space Development Action Plan 2024-2028" by building a trusted data space to facilitate data resource sharing and value co-creation [3] - The trusted data space aims to connect various stakeholders in the water industry, enhancing collaboration and promoting high-quality development towards smart and sustainable practices [3] Group 3: Cloud Intelligence Platform - The Cloud Intelligence platform, designed for small and medium-sized water companies, has served over 300 water companies, covering more than 50 million households [4] Group 4: Business Improvement of Tianhe Permanent Magnet - The company has taken over Tianhe Permanent Magnet's operations in 2025, focusing on R&D investment and channel development, achieving a first-pass recovery rate of over 96% for low-content waste materials [5] - The operational status of Tianhe Permanent Magnet is gradually improving through cost control and capacity enhancement [5] Group 5: Market Positioning and Valuation Management - The company emphasizes market management and shareholder returns, focusing on core business, increasing R&D investment, optimizing product structure, and expanding both domestic and international markets to enhance operational performance [5]

Investment Ratings - The report does not explicitly provide investment ratings for the industry sectors discussed. Core Insights - The industrial metals sector is experiencing an upward turning point in market conditions, particularly for copper and aluminum, driven by easing trade tensions between the US and China [13]. - Precious metals, particularly gold, are facing downward pressure due to a stronger US dollar and reduced appeal as a safe-haven asset amid improving trade relations [15]. - The rare earth sector is witnessing a simultaneous increase in both domestic and international prices, driven by export controls and a recovering market sentiment [32]. Summary by Sections 1. Overview of Bulk and Precious Metals Market - Copper prices increased slightly, with LME copper at $9,440.00 per ton and Shanghai copper at ¥78,100 per ton. A notable rise in copper inventory was observed, ending a ten-week decline, attributed to weakened downstream demand [13]. - Aluminum prices rose by 2.75% to $2,484.50 per ton, with domestic inventories remaining low despite a slight decrease in stock levels [14]. - Gold prices fell by 1.13% to $3,205.30 per ounce, influenced by a stronger dollar and easing trade tensions between the US and China [15]. 2. Updates on Bulk and Precious Metals Fundamentals 2.1 Copper - The report highlights a significant increase in copper inventory, reaching 132,000 tons, marking a shift in market dynamics due to reduced demand [13]. - The processing fee for imported copper concentrate has dropped to -$43.05 per ton, indicating pressure on the supply side [13]. 2.2 Aluminum - Domestic electrolytic aluminum ingot inventory decreased to 581,000 tons, remaining at a near three-year low, while the cost of prebaked anodes increased slightly [14]. - The report notes that the Guinean government has revoked mining licenses for over 40 companies, impacting aluminum ore production capacity [14]. 2.3 Precious Metals - The report discusses the impact of US-China trade negotiations on gold prices, with a significant reduction in SPDR gold holdings [15]. - Economic indicators such as the US CPI and PPI suggest a cooling inflation environment, which may influence future monetary policy [15]. 3. Overview of Minor Metals and Rare Earths Market - The rare earth market is experiencing price increases, particularly for dysprosium and terbium, driven by export controls and a recovering market sentiment [32]. - The antimony market is expected to see price recovery due to supply disruptions from Myanmar and ongoing anti-smuggling efforts in China [33]. - Tin prices have risen, supported by positive expectations from US-China trade negotiations, despite some production concerns [35]. 4. Updates on Minor Metals and Rare Earths Fundamentals 4.1 Rare Earths - Prices for rare earth elements are showing upward trends, with significant increases in overseas prices following export control measures [32]. - The report anticipates a continued tightening of supply due to regulatory changes and geopolitical factors affecting production [32]. 4.2 Antimony - Antimony prices are expected to recover as supply constraints from Myanmar persist, alongside increased demand from various sectors [33]. 4.3 Tin - Tin prices are supported by a favorable market outlook, driven by demand recovery in sectors such as semiconductors and photovoltaics [35].

Group 1 - The newly launched 5G smart factory by San Chuan Wisdom (300066) features a super-fast production line that assembles a water meter in just 18 seconds, achieving over 95% automation throughout the entire process [1] - The factory represents a significant advancement in the traditional water meter manufacturing industry, marking a transition into a new era of intelligence, greenness, and digitization [1] - San Chuan Wisdom's 5G smart factory integrates advanced technologies such as industrial automation, digital twin, artificial intelligence, and edge computing, establishing an innovative model for the industry [1] Group 2 - The China Urban Water Supply and Drainage Association praised San Chuan Wisdom's role in leading the industry, highlighting its technological innovations as a model for data assetization in the water sector [2] - The factory boasts a 95% automation rate and energy consumption that is 20% better than national standards, reshaping perceptions of traditional manufacturing [2] - San Chuan Wisdom is recognized as the first national-level intelligent manufacturing demonstration enterprise in the water meter industry, with the launch of the 5G smart factory symbolizing a historic leap from "manufacturing" to "intelligent manufacturing" in China [2]

证券代码：300066 证券简称：三川智慧 公告编号：2025-025 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,活动时间为 2025 年 5 月 21 日(周三) 15:30-17:00。届时公司 董事、副总经理、财务总监童为民先生，副总经理、董事会秘书倪国强先生，证 券事务代表刘佳女士将在线就公司 2024 年度业绩、公司治理、发展战略、经营 状况、融资计划、股权激励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。 三川智慧科技股份有限公司 二〇二五年五月十六日 关于参加江西辖区上市公司 2025 年投资者 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。 为进一步加强与投资者的互动交流，三川智慧科技股份有限公司（以下简称 "公司"）将参加由江西省上市公司协会举办的"2025 年江西辖区上市公司投资 者网上集体接待日活动"，现将相关事项公告如下： 三 ...

Core Insights - The launch of the world's first 5G fully automated smart factory in the water meter industry marks a significant shift towards intelligent, green, and digital manufacturing [1][3][5] - The event was attended by over 200 industry experts and representatives, highlighting the importance of collaboration in advancing smart water management [1][3] Group 1: Industry Context - The water industry is facing urgent demands for digital transformation due to challenges such as low production efficiency, high reliance on manual labor, and data silos [3] - The shift from "experience-driven" to "data-driven" approaches is essential for addressing issues like leakage control, rising operational costs, and service quality improvements [3] Group 2: Company Achievements - San Chuan Wisdom has established itself as a leader in the water meter industry, being the first national-level intelligent manufacturing demonstration enterprise and the first water meter company listed on the Growth Enterprise Market [7] - The company has a history of innovation spanning 54 years, from the first NB-IoT water meter to the current lighthouse factory, driven by standards of automation, information management, AI integration, and data assetization [5] Group 3: Technological Advancements - The new factory boasts a 95% automation rate and energy consumption that exceeds national standards by 20%, showcasing a new benchmark in manufacturing [5] - Advanced technologies such as 5G, AI, and digital twin are integrated into the factory, which not only redefines production standards but also promotes collaborative upgrades across the industry [7] Group 4: Future Directions - San Chuan Wisdom aims to leverage its advantages in smart water meter terminals and data assets to lead the construction of a trusted data space for smart water management [7] - The company plans to deepen its "one body, two wings" strategy, focusing on efficient water resource utilization and contributing to high-quality development in the global smart water management landscape [7]

北京市君致律师事务所 在审查有关文件的过程中，公司保证，其向本所提交的文件和所做的说明是真实 的、准确的、完整的，并已提供出具本法律意见书所必需的文件材料或口头证言，并 保证其所提供的有关副本材料或复印件与正本或原件一致。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》（以 下简称"《股东大会规则》"）以及《三川智慧科技股份有限公司章程》（以下简称 "《公司章程》"）的要求，就公司本次股东大会的召集、召开程序、出席会议人员 的资格、新提案的提出、表决程序等有关事宜出具法律意见书。 本所同意将本法律意见书作为本次股东大会公告的法定文件，随公司其他公告文 件一并提交深圳证券交易所予以公告。 本所律师按照律师行业公认的业务标准、道德规范及勤勉尽责精神，对公司提供 的文件和有关事实进行了核查和验证，现出具法律意见书如下： 一、本次股东大会的召集、召开程序 1．经本所律师查验，公司本次股东大会由董事会提议并召集，召开本次股东大会 的通知，已于 2025 年 4 月 19 日在巨潮资讯网（www.cninfo.com.cn）进 ...