Group 1: Kingsoft Office - Kingsoft Office reported a revenue of 1.521 billion yuan in Q3 2025, a year-on-year increase of 25.33% [1][2] - The net profit attributable to shareholders for Q3 2025 was 431 million yuan, reflecting a growth of 35.42% year-on-year [1][2] - For the first three quarters of 2025, the total revenue reached 4.178 billion yuan, up 15.21% year-on-year, while net profit was 1.178 billion yuan, an increase of 13.32% [1][2] Group 2: Ying Shi Innovation - Ying Shi Innovation achieved a revenue of 2.940 billion yuan in Q3 2025, marking a significant growth of 92.64% year-on-year [4] - The net profit attributable to shareholders for Q3 2025 was 272 million yuan, a decrease of 15.90% compared to the previous year [4][5] - For the first three quarters, the company reported a total revenue of 6.611 billion yuan, up 67.18%, while net profit was 792 million yuan, down 5.95% year-on-year [4][5] Group 3: Aier Eye Hospital - Aier Eye Hospital reported a revenue of 5.977 billion yuan in Q3 2025, a year-on-year increase of 3.83% [6][7] - The net profit attributable to shareholders for Q3 2025 was 1.064 billion yuan, reflecting a decline of 24.12% year-on-year [6][7] - For the first three quarters, the total revenue reached 17.484 billion yuan, up 7.25%, while net profit was 3.115 billion yuan, down 9.76% [6][7] Group 4: Hengrui Medicine - Hengrui Medicine reported a revenue of 7.427 billion yuan in Q3 2025, a year-on-year increase of 12.72% [8][10] - The net profit attributable to shareholders for Q3 2025 was 1.301 billion yuan, reflecting a growth of 9.53% year-on-year [8][10] - For the first three quarters, the total revenue reached 23.188 billion yuan, up 14.85%, while net profit was 5.751 billion yuan, an increase of 24.50% [8][10] Group 5: Victory Technology - Victory Technology achieved a revenue of 5.086 billion yuan in Q3 2025, marking a year-on-year increase of 78.95% [11][12] - The net profit attributable to shareholders for Q3 2025 was 1.102 billion yuan, reflecting a substantial growth of 260.52% year-on-year [11][12] - For the first three quarters, the company reported a total revenue of 14.117 billion yuan, up 83.40%, while net profit was 3.245 billion yuan, an increase of 324.38% [11][12] Group 6: Southern Airlines - Southern Airlines reported a revenue of 51.374 billion yuan in Q3 2025, a year-on-year increase of 3.01% [13][14] - The net profit attributable to shareholders for Q3 2025 was 3.840 billion yuan, reflecting a growth of 20.26% year-on-year [13][14] - For the first three quarters, the total revenue reached 137.665 billion yuan, up 2.23%, while net profit was 23.070 billion yuan, an increase of 17.40% [13][14] Group 7: Ningbo Bank - Ningbo Bank reported a revenue of 17.816 billion yuan in Q3 2025, a year-on-year increase of 9.19% [16][17] - The net profit attributable to shareholders for Q3 2025 was 7.673 billion yuan, reflecting a growth of 8.71% year-on-year [16][17] - For the first three quarters, the total revenue reached 54.976 billion yuan, up 8.32%, while net profit was 22.445 billion yuan, an increase of 8.39% [16][17] Group 8: Guizhou Moutai - Guizhou Moutai announced the resignation of Chairman Zhang Deqin due to work adjustments, with a new chairman to be elected soon [19] Group 9: Baosteel - Baosteel reported a revenue of 167.51 billion yuan in Q3 2025, a year-on-year increase of 14.29% [20][21] - The net profit attributable to shareholders for Q3 2025 was 812.45 million yuan, reflecting a return to profitability [20][21] - For the first three quarters, the total revenue reached 480.8 billion yuan, down 3.58%, while net profit was 2.33 billion yuan [20][21] Group 10: China Aluminum - China Aluminum reported a revenue of 601.24 billion yuan in Q3 2025, a year-on-year decrease of 4.66% [22][23] - The net profit attributable to shareholders for Q3 2025 was 38.01 billion yuan, reflecting a significant increase of 90.31% year-on-year [22][23] - For the first three quarters, the total revenue reached 1,765.16 billion yuan, up 1.57%, while net profit was 108.72 billion yuan, an increase of 20.65% [22][23] Group 11: Northern Rare Earth - Northern Rare Earth reported a revenue of 114.25 billion yuan in Q3 2025, a year-on-year increase of 33.32% [25][26] - The net profit attributable to shareholders for Q3 2025 was 610 million yuan, reflecting a growth of 69.48% year-on-year [25][26] - For the first three quarters, the total revenue reached 302.92 billion yuan, up 40.50%, while net profit was 1.541 billion yuan, an increase of 280.27% [25][26] Group 12: Hengli Petrochemical - Hengli Petrochemical reported a revenue of 534.96 billion yuan in Q3 2025, a year-on-year decrease of 17.98% [27] - The net profit attributable to shareholders for Q3 2025 was 19.72 billion yuan, reflecting a significant increase of 81.47% year-on-year [27] - For the first three quarters, the total revenue reached 1,573.84 billion yuan, down 11.46%, while net profit was 50.23 billion yuan, a slight decrease of 1.61% [27] Group 13: High Energy Environment - High Energy Environment is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and competitiveness [28] Group 14: Guangyun Technology - Guangyun Technology plans to acquire a 36.4652% stake in Chengdu Lingxuan Precision Machinery Co., Ltd. for 240 million yuan, gaining control over the company [29] Group 15: Zhongxin Metal - Zhongxin Metal reported a revenue of 39.807 billion yuan in Q3 2025, a year-on-year increase of 29.21% [32] - The net profit attributable to shareholders for Q3 2025 was 877 million yuan, reflecting a growth of 43.74% year-on-year [32] - For the first three quarters, the total revenue reached 1,034.64 billion yuan, up 8.84%, while net profit was 2.326 billion yuan, an increase of 35.47% [32]

格隆汇10月27日丨中国铝业(601600.SH)发布三季报，2025年前三季度实现营业总收入1765.16亿元，同 比增长1.57%；归属母公司股东净利润108.72亿元，同比增长20.65%；基本每股收益为0.635元。 ...

Core Insights - China Aluminum reported a revenue of 176,515.725 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 1.57% [1] - The net profit attributable to shareholders for the same period was 10,872.083 million yuan, showing a significant year-on-year increase of 20.65% [1] Financial Performance - Revenue for the first three quarters of 2025: 176,515.725 million yuan, up 1.57% year-on-year [1] - Net profit attributable to shareholders: 10,872.083 million yuan, up 20.65% year-on-year [1]

Group 1 - On October 27, China Aluminum conducted a block trade with a transaction volume of 14 million shares and a transaction amount of 1.32 billion yuan, at a price of 9.40 yuan per share [1] - In the last three months, China Aluminum has recorded a total of 7 block trades, amounting to 1.62 billion yuan [2] - The closing price of China Aluminum on the same day was 9.40 yuan, reflecting an increase of 1.84%, with a daily turnover rate of 3.07% and a total transaction amount of 37.47 billion yuan [2] Group 2 - The latest margin financing balance for China Aluminum is 35.27 billion yuan, which has increased by 1.59 billion yuan, representing a growth of 4.73% over the past five days [3] - Over the past five days, the stock has appreciated by 12.31%, with a total net inflow of 479 million yuan [2]

Core Insights - China Aluminum Corporation reported strong financial performance for the first three quarters of 2025, with a total profit of 20.775 billion yuan, an increase of 18.47% year-on-year, and a net profit attributable to shareholders of 10.872 billion yuan, up 20.65% year-on-year [1][2] Financial Performance - The company's total profit reached 20.775 billion yuan, reflecting an 18.47% increase compared to the previous year [1] - Net profit attributable to shareholders was 10.872 billion yuan, marking a 20.65% year-on-year growth [1] - The asset-liability ratio stood at 46.38%, a decrease of 1.73 percentage points from the beginning of the year [1] Operational Efficiency - China Aluminum enhanced its supply chain management and established a dynamic cost control system to effectively respond to industry supply-demand adjustments and aluminum price fluctuations [1] - The mining volume and shipment of overseas bauxite increased by 27.9% and 55.3% year-on-year, respectively [1] - The company achieved significant cost control improvements, with core products like bauxite and electrolytic aluminum maintaining a downward cost trend [1] Strategic Developments - The company accelerated the upgrade of traditional industries and made key breakthroughs in major project construction, including the full production of the 600 kA electrolytic aluminum project in Qinghai [2] - The Baotou Aluminum project achieved full capacity grid connection, pioneering a new path for green development through the integration of wind and solar energy with electrolytic aluminum [2] - The company’s digital transformation efforts led to recognition, with Guangxi Huasheng being selected as a national "excellent-level" smart factory [2] Market Recognition - China Aluminum received widespread recognition from the market and investors, with institutions issuing "buy" and "recommend" ratings [2] - MSCI upgraded the company's ESG rating from B to BB, and it received an A rating in the WindESG assessment [2] - The company won six awards at the "6th Panoramic Investor Relations Gold Award," highlighting its excellence in investor relations management and corporate governance [2] Future Outlook - China Aluminum aims to achieve its annual targets with a focus on precise cost control and continuous efficiency improvements [2] - The company plans to transform its advantages in full industry chain collaboration into sustainable value creation capabilities [2]

Core Viewpoint - China Aluminum (02600) announced a capital increase agreement involving its subsidiary Yunnan Aluminum Co., Ltd. and several other companies, totaling RMB 906.45 million [1] Group 1: Capital Increase Details - Yunnan Aluminum will receive a total capital increase of RMB 906.45 million from China Aluminum Group High-end Manufacturing Co., Ltd., Yunnan Aluminum Co., Ltd., Kunming Copper Industry Co., Ltd., and Yunnan Aluminum Foil Co., Ltd. [1] - The contributions include RMB 229 million from China Aluminum High-end, RMB 500 million from Yunnan Aluminum, and RMB 177.45 million from Kunming Copper (RMB 89 million in cash and RMB 88.45 million in assets) [1] - Northwest Aluminum will not participate in this capital increase [1] Group 2: Shareholding Structure Post-Increase - After the capital increase, the registered capital of Yunnan Aluminum Foil will rise from RMB 800 million to RMB 1.147 billion [1] - The shareholding structure will be as follows: China Aluminum High-end will hold 68.31%, Northwest Aluminum 9.06%, Yunnan Aluminum 16.70%, and Kunming Copper 5.93% [1] Group 3: Company Relationships - Yunnan Aluminum is a subsidiary of China Aluminum, which is controlled by China Aluminum Group [1] - China Aluminum High-end, Northwest Aluminum, Kunming Copper, and Yunnan Aluminum Foil are all subsidiaries of China Aluminum Group [1]

Core Viewpoint - China Aluminum (601600) announced a capital increase agreement involving its subsidiary Yunnan Aluminum Co., Ltd. and several other companies, totaling RMB 906.45 million [1] Group 1: Capital Increase Details - Yunnan Aluminum will receive a total capital increase of RMB 906.45 million from China Aluminum High-end Manufacturing Co., Ltd., Yunnan Aluminum Co., Ltd., Kunming Copper Co., Ltd., and Yunnan Aluminum Foil Co., Ltd. [1] - China Aluminum High-end will contribute RMB 229 million in cash, Yunnan Aluminum Co. will contribute RMB 500 million in cash, and Kunming Copper will contribute RMB 177.45 million (RMB 89 million in cash and RMB 884.5 million in assets) [1] - Northwest Aluminum will not participate in this capital increase [1] Group 2: Shareholding Structure Post-Increase - After the capital increase, the registered capital of Yunnan Aluminum Foil will rise from RMB 800 million to RMB 1.147 billion [1] - The shareholding structure will be as follows: China Aluminum High-end will hold 68.31%, Northwest Aluminum 9.06%, Yunnan Aluminum Co. 16.70%, and Kunming Copper 5.93% [1] Group 3: Company Relationships - Yunnan Aluminum Co. is a subsidiary of China Aluminum, which is controlled by China Aluminum Group [1] - China Aluminum High-end, Northwest Aluminum, Kunming Copper, and Yunnan Aluminum Foil are all subsidiaries of China Aluminum Group [1]

本次增资完成后，云南铝箔注册资本将由目前的人民币80,000万元增加至人民币114,739.73万元，中铝 高端、西北铝、云铝股份、昆明铜业将分别持有云南铝箔68.31%、9.06%、16.70%和5.93%的股权。 据此，中铝高端、云铝股份、昆明铜业拟以现金或资产向云南铝箔增资共计人民币90,645万元，其中中 铝高端以现金出资人民币22,900万元，云铝股份以现金出资人民币50,000万元，昆明铜业以现金及资产 出资人民币17,745万元(其中以现金出资人民币8,900万元，以资产(包括土地使用权和地上建构筑物以及 相关债权债务)出资人民币8,845万元)，西北铝不参与本次增资。 格隆汇10月27日丨 中国铝业(02600.HK)公告，于2025年10月27日，经公司第九届董事会第五次会议审 议通过，公司附属公司云南铝业股份有限公司("云铝股份")拟与中国铝业集团高端制造股份有限公司、 西北铝业有限责任公司、中铜(昆明)铜业有限公司及中铝铝箔(云南)有限公司订立增资协议。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 自願公告 向雲南鋁箔增資 本 公 告 乃 由 中 國 鋁 業 股 份 有 限 公 司（「本公司」）自 願 作 出。 於2025年10月27日，經 本 公 司 第 九 屆 董 事 會（「董事會」）第 五 次 會 議 審 議 通 過，本 公 司 附 屬 公 司 雲 南 鋁 業 股 份 有 限 公 司（「雲鋁股份」）擬 與 中 國 鋁 業 集 團 高 端 製 造 股 份 有 限 公 司（「中鋁高端」）、西 北 鋁 業 有 限 責 任 公 司（「西 北 鋁」）、中 銅（昆 明）銅 業 有 限 公 司（「昆明銅業」）及 中 鋁 鋁 箔（雲 南）有 限 公 司（「雲南鋁箔」）訂 立 增 資 協 議。據 此，中 鋁 高 端、雲 鋁 股 份、昆 明 銅 業 擬 以現金或資產向雲南鋁箔增資共計人民幣90,645萬 元，其 中 中 鋁 高 端 以 現金出資 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 公 告 重續持續關連交易 (1)與中鋁財務 公 司 訂立新金融服務協議的須予披露 的 交 易 及 持 續 關 連 交 易； (2)與中鋁租賃訂立新融資租賃合作框架協議的 持 續 關 連 交 易；及 (3)與中鋁保理訂立新保理合作框架協議的 持續關連交易 新金融服務協議 茲提述本公司日期為2023年3月21日的公告及日期為2023年5月23日 的 補 充 通 函，內 容 有 關（其 中 包 括）本 公 司 與 中 鋁 財 務 公 司 訂立原金融服 務 協 議，有 效 期 為 自2023年6月20日起至2025年12月31日 止。鑒 於 原 金 融服務協議將於2025年12月31日 到 期，本 公 司 於2025年10月27日 與 中 鋁財務 公 司 續 訂 新 金 融 服 務 協 議。 – 1 – 於本公告日期，中鋁財務 公 司 為本公司 ...