证券代码：600362 证券简称：江西铜业 公告编号：临2025-039 债券代码：243700 债券简称：25江铜K1 江西铜业股份有限公司关于 召开2025年第三季度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导性陈述或者重大 遗漏负连带责任。 重要内容提示： ● 会议召开时间：2025年11月26日（星期三）16:00一一17:00 ● 会议召开方式：本次说明会通过上海证券交易所上证路演中心（https://roadshow.sseinfo.com/）以网络 互动方式召开。 一、说明会类型 江西铜业股份有限公司（以下简称公司）已于2025年10月29日发布了《江西铜业股份有限公司2025年第 三季度报告》。为使广大投资者更加全面、深入地了解公司情况，公司决定召开业绩说明会，就投资者 关心的问题进行交流。 1、投资者可以在2025年11月26日（星期三）16:00一17:00，通过互联网注册并登录上海证券交易所上 证路演中心（https://roadshow.sseinfo.com/），以网络互动形式参加本次说明会，就所关心的问题与公司 管理层进行沟通交流。 ...

证券日报网讯 11月20日晚间，江西铜业发布公告称，2025年半年度权益分派方案为A股每股现金红利 0.4元（含税），股权登记日为2025年11月27日，除权（息）日及现金红利发放日均为2025年11月28 日。 （编辑 楚丽君） ...

说明会定于2025年11月26日(星期三)16:00-17:00通过上海证券交易所上证路演中心 (https://roadshow.sseinfo.com/)以网络互动方式召开。 格隆汇11月20日丨江西铜业股份(00358.HK)公告，公司已于2025年10月29日发布了《江西铜业股份有限 公司2025年第三季度报告》。为使广大投资者更加全面、深入地了解公司情况，公司决定召开说明会， 就投资者关心的问题进行交流。 ...

本次权益分派股权登记日为：2025年11月27日，除权除息日为：2025年11月28日。 MACD金叉信号形成，这些股涨势不错！ 格隆汇11月20日丨江西铜业(600362.SH)发布2025年第二次中期权益分派实施公告，本次利润分配以利 润分配实施公告前确定的股权登记日的A股总股本20.75亿股，扣除回购专用证券账户的回购股份 1044.18万股后，即以20.65亿为基数，每股派发现金红利0.40元（含税）。 ...

证券代码：600362 证券简称：江西铜业 公告编号：临 2025-039 债券代码：243700 债券简称：25 江铜 K1 江西铜业股份有限公司关于 召开 2025 年第三季度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告 的虚假记载、误导性陈述或者重大遗漏负连带责任。 重要内容提示： 会议召开时间：2025 年 11 月 26 日（星期三）16:00— —17:00 会议召开方式：本次说明会通过上海证券交易所上证路 演中心（https://roadshow.sseinfo.com/）以网络互动方式召 开。 一、说明会类型 江西铜业股份有限公司（以下简称公司）已于 2025 年 10 月 29 日发布了《江西铜业股份有限公司 2025 年第三季度报告》。 为使广大投资者更加全面、深入地了解公司情况，公司决定召 开业绩说明会，就投资者关心的问题进行交流。 二、说明会召开的时间、地点 说明会定于 2025 年 11 月 26 日（星期三）16:00—17:00 上 海 证 券 交 易 所 上 证 路 演 中 心 （https://roadshow.sseinfo.com/）以网 ...

证券代码：600362 证券简称：江西铜业 公告编号：2025-037 江西铜业股份有限公司 2025年半年度权益分派实施公告 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： 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/27 | － | 2025/11/28 | 2025/11/28 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 10 月 28 日的2025年第一次临时股东大会审议通 过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 差异化分红送转方案： 每股分配比例 A 股每股现金红利0.4元 （1）本公司于 2025 年 8 月 28 ...

北京德恒律师事务所 关于江西铜业股份有限公司 差异化分红事项的 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 北京德恒律师事务所 关于江西铜业股份有限公司差异化分红事项的法律意见 北京德恒律师事务所 关于江西铜业股份有限公司 差异化分红事项的 法律意见 法律意见 德恒 01G20250644-02 号 致：江西铜业股份有限公司 北京德恒律师事务所（以下简称"本所"）接受江西铜业股份有限公司（以 下简称"公司"或"上市公司"）的委托，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上海证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简称"《回 购指引》"）、《上海证券交易所股票上市规则》《江西铜业股份有限公司章程》 （以下简称"《公司章程》"）等相关法律、法规及规范性文件的规定，就公司 2025 年半年度利润分配涉及的差异化分红（以下简称"本次差异化分红"）相关 事项发表本法律意见。 为出具本法律意见，本所律师作出如下声明： 1.本所律师依据 ...

江西铜业公告称，因2024年回购股份，截至2025年10月30日回购专用证券账户有1044.18万股，按规定 该部分股份不参与利润分配，故本次2025年半年度权益分派需进行差异化分红。公司拟以206480.56万 股为基数，每10股派现金红利4元（含税），共计派发现金红利8.26亿元。经计算，本次差异化分红对 公司A股除权除息参考价格影响绝对值为0.005%，小于1%，影响较小，且符合相关规定，不损害公司 和股东利益。 ...

Core Viewpoint - The demand for copper tubes primarily comes from the refrigeration industry, with air conditioning being the main driver. The production scale of air conditioning products has expanded significantly, but market growth is slowing down due to economic conditions and changing consumer demands, leading to a saturation of the market. Consequently, the production of air conditioning copper tubes has not seen significant increases, with a projected production of 1.888 million tons in China by 2024, reflecting a year-on-year increase of 5.4% [1][7][8]. Industry Overview - Air conditioning copper tubes are essential components that connect indoor and outdoor units, primarily used for refrigerant transmission. They can be categorized into ordinary and degreased copper tubes based on usage and manufacturing processes, and further classified into oxygen-free copper, oxygen-containing copper, and special copper based on materials [3][4]. Industry Chain - The industry chain for air conditioning copper tubes consists of three segments: upstream (copper materials and production equipment), midstream (production and manufacturing of copper tubes), and downstream (application fields including residential, commercial, and industrial air conditioning) [4]. Production Trends - China's copper material production has shown an upward trend, increasing from 20.172 million tons in 2019 to a projected 23.503 million tons in 2024. In the first nine months of 2025, the production reached 18.575 million tons, marking a year-on-year increase of 9.6%. This growth provides ample raw materials for the air conditioning copper tube industry [5]. Current Market Situation - The air conditioning market has experienced fluctuations, with production declining in 2021 due to insufficient downstream consumption and rising upstream copper prices. However, production has gradually recovered, maintaining a slight growth trend, with a total production of 1.888 million tons expected in 2024, up 5.4% year-on-year [1][7]. Competitive Landscape - The competitive landscape of the air conditioning copper tube industry is characterized by leading companies leveraging scale, technology, and supply chain advantages to capture significant market shares. Smaller companies face challenges due to funding and technology limitations, often focusing on niche markets and regional segments [8][9]. Key Companies - Notable companies in the air conditioning copper tube industry include: - Jintian Copper Group Co., Ltd. - Zhejiang Hailiang Co., Ltd. - Guangdong Precision Metal Co., Ltd. - Zhongse Aobote Copper-Aluminum Industry Co., Ltd. - Ningbo Jintian Copper Industry (Group) Co., Ltd. - Jiangsu Jiangrun Copper Industry Co., Ltd. - Anhui Xingshengda Refrigeration Copper Tube Manufacturing Co., Ltd. - Qingdao Hongtai Copper Industry Co., Ltd. [2][10][11]. Future Development Trends - The future of the air conditioning copper tube industry is expected to focus on high-end copper tubes, driven by national energy efficiency standards that enhance the performance of air conditioning equipment. Companies will increase R&D investments to improve production processes and technology. Additionally, the industry will prioritize green and sustainable development, implementing low-carbon processes and automation to enhance production efficiency and reduce costs [12].

Group 1 - The A-share market has shown a steady upward trend since the "924" policy, with the Shanghai Composite Index recently surpassing the 4000-point mark, reaching a ten-year high [5] - The A500 ETF managed by E Fund has outperformed major indices, with the CSI A500 index rising over 32% since its low in April [5] - The market is expected to continue its upward trajectory, with potential new opportunities emerging [5] Group 2 - The "924" policy, which included wide credit measures for small and medium enterprises, has broken the negative spiral in market expectations, initiating the current rally [6] - Historical trends indicate that each cycle of wide credit and monetary policy is typically accompanied by sustained stock market growth, with the current fiscal policies increasing the likelihood of economic recovery [6] - The implementation of anti-involution policies is expected to shift the economy from a deflationary to an inflationary cycle, which is crucial for the A-share market's narrative in the latter half of the year [6] Group 3 - The market is currently in the "economic verification" phase, with previous high-performing sectors facing adjustments, and a potential shift towards undervalued assets with expected performance improvements [9] - The financing balance in the A-share market has increased significantly, from 1.8 trillion yuan to nearly 2.5 trillion yuan since June, indicating strong inflows of leveraged funds [7][9] - Despite the Shanghai Composite Index being at a ten-year high, overall valuation levels remain moderate, with the price-to-earnings ratios of major indices at their historical median [10] Group 4 - The A-share market is entering a new phase characterized by resource stocks, particularly copper and aluminum, as key drivers of the current market trend [17] - Copper prices have reached historical highs, leading to a significant rally in global copper mining stocks, with major Chinese companies like Zijin Mining and Jiangxi Copper seeing substantial gains [18] - The aluminum sector is expected to experience a supply-demand imbalance starting in 2026, which could lead to rising aluminum prices and stable returns for aluminum companies [19] Group 5 - Oil and chemical sectors are also gaining attention, with leading companies in these industries beginning to recover in valuation despite ongoing challenges in the commodities market [19] - China National Offshore Oil Corporation (CNOOC) is positioned to benefit significantly due to its low production costs and focus on offshore exploration, making it one of the most profitable among the state-owned oil companies [20] - The overall dividend yield for major oil companies in China is competitive, with CNOOC, China Petroleum, and Sinopec offering attractive returns to investors [20]