千亿白银概念股年内狂飙160%，曾反复提示风险

Core Viewpoint - The stock price of Baiyin Nonferrous (601212) has surged dramatically, hitting the limit up for seven consecutive trading days since January 20, 2026, with a year-to-date increase of 159.66%. However, this surge is overshadowed by the company's past information disclosure violations, leading to regulatory scrutiny [1][2]. Group 1: Stock Performance - Baiyin Nonferrous's stock price has experienced a rapid increase, achieving seven consecutive limit-up days, making it a focal point in the market [2]. - The stock's performance has significantly outpaced the broader market and the average performance of the nonferrous metal sector [2]. - The company has acknowledged the potential for market sentiment to be overheated, indicating a substantial increase in trading risks [2]. Group 2: Business Structure - The company's primary revenue sources are not precious metals but rather the smelting and processing of base metals, with 69.58% of revenue coming from nonferrous metal smelting and sales [3]. - In the first half of 2025, Baiyin Nonferrous reported total revenue of 445.59 billion, with gold product sales contributing 18.67% and silver product sales contributing 4.54% to total revenue [3]. Group 3: Regulatory Issues - Baiyin Nonferrous faced regulatory action due to information disclosure violations related to 30 billion in financial products purchased between August 2017 and March 2018, which were not reported correctly [5]. - The company received a warning and a fine of 4 million for these violations, with penalties imposed on several executives ranging from 500,000 to 1.5 million [5]. - Legal actions have been initiated against the company for securities fraud, allowing affected investors to seek compensation if they bought shares during a specified period and incurred losses [5][6].