Western Mining(SH:601168) Sou Hu Cai Jing·2025-06-13 21:30Core Viewpoint - Western Mining (601168) has shown a slight increase in stock price, closing at 16.52 yuan, with a market capitalization of 39.367 billion yuan, ranking 8th in the industrial metals sector and 340th in the A-share market [1] Weekly Focus - The company conducted an institutional survey on June 12, discussing key topics such as hedging strategies, capital expenditures, and future development plans [1][2] - The company has a hedging ratio of approximately 50% for externally purchased raw materials to mitigate price fluctuations [1] - Annual capital expenditure is around 3 billion yuan, with the capital expenditure for the third phase of Yulong Copper's construction estimated at 5 billion yuan [1][6] - Currently, there are no plans for share buybacks or equity incentive programs, but the company will disclose any future plans [1] Resource Potential - Yulong Copper Mine has significant resource reserve potential, particularly in the unsealed areas of the ore body, with ongoing geological research and exploration efforts [2] Announcements - The company will participate in an online investor reception day on June 18, 2025, to discuss its 2024 annual performance and future strategies [3] - A cash dividend of 1 yuan per share will be distributed, with the record date set for June 19, 2025, and the payment date on June 20, 2025, totaling 2.383 billion yuan [4][6]