Core Insights - The A-share market has reached a ten-year high, drawing attention to equity funds, particularly the Huashang New Trend Preferred Fund, which has achieved a total return of 456.21% over the past decade [1] - The fund, managed by Tong Li since its inception on May 14, 2015, has demonstrated strong long-term investment value with a total return of 435.29% and an annualized return of 17.73% as of August 2025, ranking second among peers [1] - The fund has shown resilience in various market conditions, achieving returns of 77.42% and 69.60% in 2020 and 2019 respectively, and a positive return of 13.60% in 2022 despite overall market declines [1] Fund Management and Performance - The fund has been managed by three different managers, with the current manager, Tong Li, achieving a total return of 14.30%, surpassing the benchmark by 8.38% since taking over [1] - Previous manager Zhou Haidong managed the fund from May 2015 to March 2025, achieving a total return of 368.34% [1] Portfolio Composition - As of June 30, 2025, the fund's top ten holdings are concentrated in the mining, military, and technology sectors, with significant investments in Zijin Mining (31.2 million), AVIC Shenyang Aircraft (15.2 million), and Industrial Bank (11.9 million) [1] Market Outlook - The fund manager anticipates a continuation of growth style in the third quarter, influenced by the ongoing subdued state of consumer sectors and the strengthening narrative around AI due to improved modeling capabilities [1] - The fund will maintain its focus on two main investment directions: growth-oriented technology sectors with low market expectations and stable, low-valuation industries such as wind energy and non-ferrous metals [1] Investment Strategy - Huashang New Trend Preferred Fund has successfully capitalized on opportunities through flexible asset allocation and sector rotation, achieving significant long-term excess returns [1] - The fund's success is attributed to the manager's excellent stock-picking ability and the strategic positioning of Huashang Asset Management [1]

關於召開 2025 年半年度業績說明會的公告 三、參加人員 參加業績說明會的人員為公司管理層 四、投資者參加方式 （一）投資者可在 2025 年 8 月 29 日（星期五）16:00-17:00，通過互聯網登錄上證路演中心 在線參與本次業績說明會，公司將及時回答投資者的提問。 重要內容提示： 一、業績說明會類型 本次業績說明會以網絡文字互動形式召開，公司將針對 2025 年半年度的經營情況、財務狀 況等與投資者進行互動交流和溝通，在信息披露允許的範圍內就投資者普遍關注的問題進行 回答。 二、業績說明會召開的時間、地點 六、其他事項 本次業績說明會召開後，投資者可以通過上證路演中心查看本次業績說明會的召開情況及主 要內容。 本公告乃本公司自願作出。 本公告分別以中英文刊載。如中英文有任何差異，概以中文為準。 （二）投資者可於 2025 年 8 月 22 日（星期五）至 8 月 28 日（星期四）16:00 前登錄上證路 演中心網站首頁點擊「提問預徵集」欄目或通過公司郵箱 ir@zijinmining.com 進行提問。 1 會議召開時間：2025 年 8 月 29 日（星期五）16:00-17:00 會議召開地 ...

证券代码：601899 证券简称：紫金矿业 编号：临 2025-065 紫金矿业集团股份有限公司 关于召开2025年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、业绩说明会类型 本次业绩说明会以网络文字互动形式召开，公司将针对 2025 年半年度的经营 情况、财务状况等与投资者进行互动交流和沟通，在信息披露允许的范围内就投 资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、地点 （一）会议召开时间：2025 年 8 月 29 日（星期五）16:00-17:00 （二）会议召开地点：上证路演中心（roadshow.sseinfo.com） （三）会议召开方式：网络文字互动 参加业绩说明会的人员为公司管理层 四、投资者参加方式 （一）投资者可在 2025 年 8 月 29 日（星期五）16:00-17:00，通过互联网登录 上证路演中心在线参与本次业绩说明会，公司将及时回答投资者的提问。 （二）投资者可于 2025 年 8 月 22 日（星期五）至 8 月 28 日（星期四）16 ...

通过天眼查大数据分析，紫金矿业集团股份有限公司共对外投资了76家企业，参与招投标项目806次， 知识产权方面有商标信息491条，专利信息775条，此外企业还拥有行政许可314个。 来源：金融界 紫金矿业最新一期业绩显示，截至2025一季报，公司营业总收入789.28亿元、同比增长5.55%，归属净 利润101.67亿元，同比增长62.39%，扣非净利润98.81亿元，同比增长58.76%，流动比率1.026、速动比 率0.704、资产负债率54.89%。 天眼查商业履历信息显示，紫金矿业集团股份有限公司，成立于2000年，位于龙岩市，是一家以从事有 色金属矿采选业为主的企业。企业注册资本263281.7224万人民币，实缴资本263265.7124万人民币。公 司法定代表人为邹来昌。 金融界消息 截至2025年8月20日收盘，紫金矿业（601899）报收于20.56元，上涨1.13%，换手率 0.82%，成交量168.30万手，成交金额34.32亿元。 资金流向方面，今日主力资金净流入1.06亿元，占比成交额3.1%。其中，超大单净流出4780.12万元、 占成交额1.39%，大单净流入1.54亿元、占成交额 ...

Group 1 - The core viewpoint of the news is that Zijin Mining experienced a decline in stock price while showing significant activity in financing and margin trading, indicating high investor interest despite the drop [1] - On August 19, Zijin Mining's stock fell by 2.26%, with a trading volume of 4.847 billion yuan, and a net financing purchase of 191 million yuan [1] - The total financing and margin trading balance for Zijin Mining reached 3.478 billion yuan as of August 19, with the financing balance accounting for 0.82% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - Zijin Mining Group Co., Ltd. was established on September 6, 2000, and listed on April 25, 2008, focusing on mineral resource exploration and development [2] - For the period from January to March 2025, Zijin Mining reported operating revenue of 78.928 billion yuan, a year-on-year increase of 5.55%, and a net profit attributable to shareholders of 10.167 billion yuan, reflecting a significant year-on-year growth of 62.39% [2] - The company has distributed a total of 53.429 billion yuan in dividends since its A-share listing, with 21.925 billion yuan distributed in the last three years [3] Group 3 - As of March 31, 2025, the number of shareholders in Zijin Mining was 370,000, a decrease of 18.20% from the previous period [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 1.362 billion shares, and several ETFs, all of which have seen a reduction in their holdings compared to the previous period [3]

Group 1 - The core point of the news is that Zijin Mining's subsidiary, Liancheng Zijin Mining Co., Ltd., has received preliminary approval for an environmental impact assessment for its diesel station construction project, with a total investment of 400,000 yuan [1] - The "A-share Green Report" project aims to enhance transparency in environmental information of listed companies, utilizing authoritative environmental regulatory data from 31 provinces and 337 cities [1] - The latest A-share Green Weekly Report indicated that eight listed companies have recently exposed environmental risks [1] Group 2 - Zijin Mining's main business includes processing, smelting, and trading gold, copper, and copper concentrate, as well as gold ingots [2] - The company's market capitalization is approximately 544.72 billion yuan, with projected revenues of 293.40 billion yuan for 2023 and 303.64 billion yuan for 2024 [3] - The net profit attributable to shareholders is forecasted to be 21.12 billion yuan for 2023 and 32.05 billion yuan for 2024, with a net asset return rate of 21.50% for 2023 [3]

Group 1 - The core point of the news is that Zijin Mining's subsidiary, Liancheng Zijin Mining Co., Ltd., has received preliminary approval for the environmental impact assessment of its copper polymetallic mining project, with a total investment of 8.65 million yuan [1] - The "A-share Green Report" project aims to enhance transparency in environmental information of listed companies, utilizing authoritative environmental regulatory data from 31 provinces and 337 cities [1] - The latest A-share Green Weekly Report indicated that eight listed companies have recently exposed environmental risks [1] Group 2 - Zijin Mining's main business includes processing, smelting, and trading of gold, copper, and copper concentrate, as well as gold ingots [2] - The company's market capitalization is approximately 544.72 billion yuan, with projected revenues of 2,934.03 million yuan for 2023 and 3,036.40 million yuan for 2024 [3] - The forecasted net profit for the first half of 2025 is 101.67 million yuan, with a net profit margin of 15.79% [3]

Group 1 - The Hang Seng Index opened up 0.26%, and the Hang Seng Tech Index rose by 0.24%, indicating a positive market sentiment [1] - Meituan and Zijin Mining saw stock increases of over 2% and 1% respectively, reflecting investor confidence in these companies [1] Group 2 - Huatai Securities suggests that the market is currently in a critical phase with a lack of clear trading themes, but they remain optimistic about future performance, particularly in sectors like gaming and leading internet e-commerce [2] - China Galaxy recommends focusing on sectors with better-than-expected mid-term performance, such as innovative pharmaceuticals and local financial stocks, as well as those benefiting from favorable policies [2] - CITIC Securities highlights that the upcoming half-year report period will be crucial for the continuation of the Hong Kong market's performance, with a shift from liquidity-driven to earnings-driven market dynamics expected [2] Group 3 - Industrial Securities maintains a bullish outlook on the Hong Kong stock market, predicting a long-term bull market driven by increasing investor confidence and potential Federal Reserve interest rate cuts [3] - Guotai Junan Securities anticipates continued inflows of capital and structural advantages in assets as key drivers for the Hong Kong market's bull run in the second half of the year [3] - The report notes that the total financing scale for the year could approach 300 billion HKD, with a significant inflow from southbound trading expected to exceed 1.2 trillion RMB [3] Group 4 - Huatai Securities attributes recent market corrections to adjustments in expectations but maintains that the medium-term liquidity remains favorable, recommending investments in sectors with improving conditions and low valuations [4] - Bank of China International indicates that the impact of the Hong Kong Monetary Authority's actions on the stock market is minimal, as liquidity remains abundant, with average daily trading volumes reaching historical highs [4] - The forecast for the Hang Seng Index is set to reach 27,500 points by the end of the year, reflecting a price-to-earnings ratio of 12.3 times, which is a premium compared to the past 20-year average [4]

Core Viewpoint - Hai'an Rubber Group Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise approximately 2.952 billion RMB, focusing on the production and sales of giant all-steel radial tires for engineering machinery and mining tire management [1][2]. Financial Performance - The company reported revenues of approximately 1.508 billion RMB, 2.251 billion RMB, and 2.300 billion RMB for the years 2022, 2023, and 2024, respectively [2]. - Net profits for the same years were approximately 354 million RMB, 654 million RMB, and 679 million RMB [2]. Key Financial Metrics - As of December 31, 2024, total assets are projected to be approximately 3.282 billion RMB, with equity attributable to shareholders of the parent company at around 2.387 billion RMB [3]. - The company's debt-to-asset ratio is expected to decrease from 44.49% in 2022 to 21.10% in 2024 [3]. - Basic and diluted earnings per share are projected to be 4.87 RMB for 2024, up from 2.54 RMB in 2022 [3]. - The return on equity is expected to be 33.23% in 2024, down from 47.67% in 2023 [3]. - Research and development expenses are projected to account for 3.03% of revenue in 2024 [3].

Core Viewpoint - Hai'an Rubber Group Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise approximately 2.95232 billion RMB, focusing on the production and sales of giant all-steel radial tires for engineering machinery and mining tire management services [1] Financial Performance - In the fiscal years 2022, 2023, and 2024, the company reported revenues of approximately 1.508 billion RMB, 2.251 billion RMB, and 2.300 billion RMB, respectively, with net profits of about 354 million RMB, 654 million RMB, and 679 million RMB [2] - The total assets as of December 31, 2024, are projected to be 3.28278 billion RMB, with equity attributable to shareholders of 2.38693 billion RMB [3] - The company's asset-liability ratio is expected to decrease from 44.49% in 2022 to 21.10% in 2024, indicating improved financial stability [3] Key Products and Clients - The main business includes the research, development, production, and sales of giant all-steel radial tires, which are characterized by their large size and high production complexity, with only a few manufacturers capable of mass production [1] - Major clients include Zijin Mining Group Co., Ltd., Ural Mining and Metallurgical Company, and XCMG Group, among others, highlighting a strong customer base in the mining and construction sectors [1]