重要内容提示： 会议召开时间：2025 年 05 月 08 日（星期四） 15:00-17:00 证券代码：601168 证券简称：西部矿业 公告编号：临 2025-027 西部矿业股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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。 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/ ） 、 证 券 时 报 （ http://rs.stcn.com/ ） 、 全 景 路 演 (https://rs.p5w.net)。 会议召开方式：视频直播和网络互动 投资者可于 2025 年 04 月 28 日（星期一）至 05 月 07 日（星期三）16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目、点击（全景）https://ir.p5w.net/zj/， 进入问题征集专题页面进行提问或通过公司邮箱 wm@westmining.com 进行提问。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601168 证券简称：西部矿业 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 ■ ■ (二)持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥16,541,553,094, representing a 50.74% increase compared to ¥10,973,912,763 in the same period last year[2] - Net profit attributable to shareholders was ¥807,802,492, up 9.61% from ¥736,994,982 year-on-year[2] - The total profit for Q1 2025 was CNY 1.80 billion, with a net profit attributable to shareholders of CNY 808 million, reflecting a 9.61% increase year-over-year[10] - The total comprehensive income for the period was CNY 1,552,413,578, compared to CNY 1,191,159,574 in the previous year, indicating an increase of about 30%[18] Cash Flow and Liquidity - The net cash flow from operating activities surged to ¥2,615,211,547, a remarkable increase of 423.69% compared to ¥499,383,882 in the previous year[2] - In Q1 2025, the company reported a net cash flow from operating activities of CNY 2,615,211,547, a significant increase from CNY 499,383,882 in Q1 2024, representing a growth of approximately 423%[19] - The company generated CNY 18,996,064,772 in cash from sales of goods and services, a rise of approximately 48% compared to CNY 12,789,084,795 in Q1 2024[19] - The total cash inflow from operating activities was CNY 19,142,433,599, compared to CNY 12,838,124,363 in the previous year, showing a growth of approximately 49%[19] - The company’s cash and cash equivalents increased to CNY 6.41 billion from CNY 4.12 billion year-over-year[12] - Cash and cash equivalents at the end of Q1 2025 amounted to CNY 5,539,408,975, up from CNY 4,054,997,835 at the end of Q1 2024, marking an increase of about 36.5%[19] Production and Sales - The increase in operating revenue was primarily driven by higher production and sales volumes of copper, lead, and gold ingots compared to the previous year[5] - Copper production increased by 14.35% year-over-year to 44,085 tons, while zinc and lead production rose by 18.17% and 38.38%, respectively[10] - The company reported a significant increase in lead smelting output, with a year-over-year increase of 1,752.30% to 43,714 tons[10] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥57,380,082,307, marking a 4.44% increase from ¥54,939,668,740 at the end of the previous year[2] - The company reported a total asset increase to CNY 57.38 billion as of March 31, 2025, compared to CNY 54.94 billion at the end of 2024[12] - Current assets rose to CNY 15.47 billion, up from CNY 13.31 billion at the end of 2024[12] - The company's total liabilities increased to CNY 33.03 billion, compared to CNY 32.18 billion at the end of 2024[14] Shareholder Information - Basic earnings per share increased to ¥0.34, reflecting a growth of 9.68% from ¥0.31 in the same period last year[2] - The company's equity attributable to shareholders rose to ¥17,926,028,329, a 4.89% increase from ¥17,089,849,771 at the end of the previous year[3] - The total number of ordinary shareholders at the end of the reporting period was 106,597[6] Research and Development - Research and development expenses for Q1 2025 were CNY 208 million, up from CNY 132 million in Q1 2024[16] Non-Recurring Gains - The company reported non-recurring gains of ¥26,807,508, which included government subsidies and other income[4] Tax and Financing Activities - The company reported a tax refund of CNY 26,116,800 in Q1 2025, significantly higher than CNY 4,674,516 in Q1 2024, indicating improved tax recovery[19] - The net cash flow from financing activities was CNY 570,456,163, a turnaround from a negative cash flow of CNY -439,027,789 in the same period last year[19] - The company received CNY 3,906,995,027 in cash from borrowings, which is an increase from CNY 3,617,235,931 in Q1 2024[19] Investment Activities - The company incurred a net cash outflow from investing activities of CNY -956,091,795, compared to CNY -649,547,366 in Q1 2024, indicating increased investment activity[19] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency[10]

西部矿业（601168）公告，2025年第一季度营收为165.42亿元，同比增长50.74%；净利润为8.08亿元， 同比增长9.61%。 ...

截至2025年3月31日，中欧基金旗下中欧国企红利混合C（019016）期末净资产0.87亿元，比上期减少 30.15%，该基金经理为曲径。 简历显示，曲径女士:中国籍,美国卡内基梅隆大学计算金融专业硕士。历任千禧年基金量化基金经理,中 信证券股份有限公司另类投资业务线高级副总裁。2015年4月加入中欧基金管理有限公司,现任量化投资 总监/基金经理/投资经理、中欧沪深300指数增强型证券投资基金(LOF)基金经理(2015年5月18日起至 今)、中欧数据挖掘多因子灵活配置混合型证券投资基金基金经理(2016年1月13日起至今)、中欧睿诚定 期开放混合型证券投资基金基金经理(2016年12月1日至2019年08月09日2020年12月30日)。2017年07月 04日至2019年08月09日任中欧达乐一年定期开放混合型证券投资基金的基金经理。2017年11月17日至 2019年07月02日任中欧丰泓沪港深灵活配置混合型证券投资基金基金经理、2017年11月17日至2019年09 月24日任中欧电子信息产业沪港深股票型证券投资基金基金经理。2018年05月16日起任中欧量化驱动混 合型证券投资基金的基金经理。20 ...

2025年4月23日，公司收到西矿集团通知：西矿集团已办理完成上述82,272,404股股份解除质押手续。本 次解除质押股份占公司总股本的3.452%。截至本公告披露日，西矿集团及其一致行动人共持有公司股 份737,120,048股，占公司总股本的30.93%。具体如下： ■ 本次解除质押股份不再用于后续质押。 ■ 西部矿业股份有限公司 关于控股股东可交换公司债券解除股份质押的公告 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个别及连带责任。 公司控股股东西部矿业集团有限公司（下称"西矿集团"）于2022年4月7日以其所持公司部分A股股票为 标的非公开发行可交换公司债券（第一期）（下称"本次可交换债券"或"22西矿EB"），并将其持有公 司的138,000,000股股份（占本公司总股本的5.79%）办理了质押手续（详见临时公告2022-003号、2022- 013号）。2025年4月7日，西矿集团完成本次可交换公司债券的本息兑付及摘牌工作，公司于2025年4月 9日披露了《西部矿业关于控股股东非公开发行可交换公司债券拟办理可交换公司债 ...

Core Viewpoint - The company is focusing on enhancing its smart energy business through the application of large models and key technology breakthroughs, aiming to improve user experience and market competitiveness in the energy sector [2][4]. Group 1: Smart Energy Business Focus - The company plans to invest in large model applications and key technology research, particularly in areas such as power station monitoring, smart operation, electricity trading decision-making, and load forecasting [2]. - Key technology research will align with national policies on new power systems and technological trends, focusing on energy storage, collaborative optimization, electricity trading decision-making, and carbon monitoring [2]. Group 2: Impact of Electricity Market Reforms - The company recognizes that electricity market reforms create complex trading scenarios, necessitating enhanced digital and informational support for market participants [3]. - The demand for improved capabilities in power prediction, load forecasting, and cost accounting for energy storage is seen as a significant opportunity for the company's information technology solutions [3]. Group 3: Artificial Intelligence Demand and Strategy - There is a notable increase in client interest in artificial intelligence technologies, particularly in the integration of large models with specific business scenarios [3]. - The company aims to deepen the integration of AI with enterprise management systems, enhancing digital transformation and intelligent upgrades [4][10]. Group 4: Financial Performance - In 2024, the company reported a main revenue of 2.398 billion, a year-on-year increase of 0.4%, while net profit decreased by 14.9% to 293 million [11]. - The company experienced a significant increase in operating cash flow, with a year-on-year increase of approximately 45.1 million, marking the highest level in five years [8]. Group 5: Future Planning in AI - The company plans to enhance its AI platform and applications, focusing on intelligent automation and expanding AI applications in the power grid sector [10]. - The strategy includes building an AI ecosystem through collaboration with leading enterprises and academic institutions to strengthen technological integration [10].

Core Viewpoint - The A-share market shows mixed performance with the CSI 500 Value Index rising by 0.34% to 8099.47 points, while it has experienced declines of 4.52% in the past month, 1.84% in the past three months, and 4.57% year-to-date [1] Group 1: Index Performance - The CSI 500 Value Index has a current trading volume of 30.773 billion yuan [1] - The index is part of a series that includes the CSI 500 Growth Index, which is calculated based on growth and value factors [1] Group 2: Index Holdings - The top ten holdings of the CSI 500 Value Index include Suzhou Bank (1.98%), Yongtai Energy (1.71%), and Dongwu Securities (1.71%) [2] - The index's holdings are primarily from the Shanghai Stock Exchange (65.03%) and Shenzhen Stock Exchange (34.97%) [2] - The industry distribution of the index includes Materials (21.90%), Financials (15.03%), and Industrials (14.48%) among others [2] Group 3: Index Adjustment Mechanism - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - New samples are prioritized based on value factor scores, with a maximum adjustment ratio of 30% [3] Group 4: Related Funds - Public funds tracking the CSI 500 Value Index include the Yinhua CSI 500 Value ETF [4]

Group 1: Liquidity and Fund Flows - Stock-type ETFs remain the main source of net inflows, with a net subscription of 343 billion CNY, ranking in the 87th percentile over the past three years[12] - Margin financing saw a significant reduction in net outflow, decreasing from 940 billion CNY to 57 billion CNY, representing a 29% percentile over the past three years[12] - The total amount of equity financing was 115 billion CNY, which is at the 45% percentile over the past three years[12] Group 2: Market Trends and Trading Activity - The trading heat for the chemical industry increased by 29 percentage points, while light industry, real estate, semiconductor, and banking sectors saw increases of 15, 12, 11, and 8 percentage points respectively[11] - The net increase in industrial capital was only 8 billion CNY, down from 59 billion CNY, indicating a significant contraction in capital inflows[12] - The total repurchase amount by listed companies was 19 billion CNY, down from 50 billion CNY, placing it at the 55% percentile over the past three years[12] Group 3: Southbound and Northbound Capital Flows - Southbound capital inflow was 219 billion CNY, a decrease from 780 billion CNY, with a strength ranking in the 82nd percentile over the past three years[12] - Northbound capital participation in the A-share market was 5.8%, which is at the 23% percentile over the past three years[12]

Core Viewpoint - The performance of the CSI 500 Quality Growth Index and its constituent stocks has shown significant upward movement, indicating a positive market sentiment and potential investment opportunities in the sector [1][2]. Group 1: Index Performance - As of April 21, 2025, the CSI 500 Quality Growth Index rose by 1.15%, with notable increases in constituent stocks such as Chifeng Jilong Gold Mining (up 7.35%) and Hunan Gold (up 6.56%) [1]. - The CSI 500 Quality Growth ETF experienced a 0.87% increase, reaching a latest price of 0.92 yuan [1]. Group 2: Fund Growth Metrics - The CSI 500 Quality Growth ETF saw a significant scale increase of 7.91 million yuan over the past week, ranking in the top third among comparable funds [1]. - The latest share count for the CSI 500 Quality Growth ETF reached 575 million, marking a one-month high and also placing it in the top third among comparable funds [1]. - The ETF recorded a net inflow of 913,900 yuan, with a total of 14.67 million yuan net inflow over the last five trading days, averaging 2.93 million yuan per day [1]. Group 3: Market Outlook - According to Huaxi Securities, the Chinese equity market is expected to benefit from a valuation advantage compared to major global indices, with supportive policies anticipated from the upcoming political bureau meeting [2]. - The central government has emphasized its commitment to stabilizing the stock market, which is expected to bolster investor confidence [2]. Group 4: Index Composition - As of March 31, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index accounted for 24.26% of the index, with Chifeng Jilong Gold Mining being the highest at 3.13% [3][5].