股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鋁業股份有限公司 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | ...

中国铝业股份有限公司 2025 年第三次临时股东会 会议资料 中国铝业股份有限公司 2025 年第三次临时股东会会议资料 2025 年 12 月 22 日 中国铝业股份有限公司 2025 年第三次临时股东会会议资料 参加人：股东及股东代表、董事、高级管理人员、律师等 1 一、会议时间：2025 年 12 月 22 日下午 2:00 二、会议地点：北京市海淀区西直门北大街 62 号中国铝业股份有限公 司总部办公楼 1606 会议室 三、主持人：董事长何文建先生 四、会议议程： （一）通过监票人、记票人名单； （二）审议如下议案： 1.逐项审议关于公司拟与中铝集团续签持续关联交易相关协议及该 等交易于 2026-2028 年交易上限额度的议案 1.1 关于公司与中铝集团于社会和生活后勤服务供应协议项下的 持续关联交易 1.2 关于公司与中铝集团于产品和服务互供总协议项下的持续关 联交易 1.3 关于公司与中铝集团于矿石供应协议项下的持续关联交易 1.4 关于公司与中铝集团于工程设计、施工和监理服务供应协议项 下的持续关联交易 1.5 关于公司与中铝集团于土地使用权租赁协议项下的持续关联 交易 1.6 关于公司与中 ...

| | | 普通決議案 贊成 | （附註5） | （附註5） 反對 | 棄權 | （附註5） | | --- | --- | --- | --- | --- | --- | --- | | 1. | | 逐項審議及批准以下關於本公司與中鋁集團之間的日常性持續關連交易及建議交 | | | | | | | 易上限的決議案： | | | | | | | | 1.1 | 審議及批准本公司與中鋁集團於社會和生活後勤服務供應協議項 | | | | | | | | 下的持續關連交易及建議交易上限。 | | | | | | | 1.2 | 審議及批准本公司與中鋁集團於產品和服務互供總協議項下的持 | | | | | | | | 續關連交易及建議交易上限。 | | | | | | | 1.3 | 審議及批准本公司與中鋁集團於礦石供應協議項下的持續關連交 | | | | | | | | 易及建議交易上限。 | | | | | | | 1.4 | 審議及批准本公司與中鋁集團於工程設計、施工和監理服務供應 | | | | | | | | 協議項下的持續關連交易及建議交易上限。 | | | | | 於2025年12月22日（星期一）舉 ...

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通告的內 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 不對因本通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。 臨時股東會補充通告 1. 審 議 及 批 准 雲 鋁 股 份 收 購 附 屬 公 司 少 數 股 權 的 決 議 案。 承董事會命 中國鋁業股份有限公司 葛小雷 茲 提 述 中 國 鋁 業 股 份 有 限 公 司（「本公司」）日 期 為2025年11月7日 的2025年 第 三 次 臨 時 股 東 會（「臨時股東會」）通 告（「通 告」）及 通 函（「通 函」），當 中 載 列 臨 時 股 東 會 的 舉 行 時 間、地 點 及 於 臨 時 股 東 會 上 提 呈 供 本 公 司 股 東（「股 東」）審 議 批 准 的 決 議 案 詳 情。 根 據 本 公 司 之 公 司 章 程 的 規 定，召 開 股 東 會，單 獨 或 合 併 持 有 本 公 司 1%以 上 股 份 的 股 東，有 權 向 本 公 司 提 出 臨 時 提 案。據 此 ...

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補充通函的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本補充通函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。 此乃要件 請即處理 閣下如對本補充通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他 註冊證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的中國鋁業股份有限公司的股份全部售出，應立即將本補充通函送交買主或 經手買賣的銀行、股票經紀或其他代理商，以便轉交買主。 補充通函 2025年第三次臨時股東會 與中鋁集團之間的日常性持續關連交易； 新金融服務協議項下之須予披露的交易及持續關連交易； 及 有關雲鋁股份收購附屬公司少數股權的關連交易 | 釋義 | | ii | | --- | --- | --- | | 董事會函件 | | 1 | | 獨立董事委員會函件 | | 62 | | 建泉融資函件 | | 64 | | 附錄一 關於盈利預測之申報核數師函件 | － | 101 | | 附錄二 關於盈利預測之董事會函件 | － | 104 | | 附錄三 一般資料 | － ...

Industry Overview - The report highlights a warming expectation for interest rate cuts, which is expected to boost metal prices, particularly in the context of the Federal Reserve's potential policy changes [1][3]. Steel Industry - In December, demand for steel may continue to weaken due to weather factors, leading to a reduction in steel production and a fluctuating price trend [3][19]. - The steel industry is expected to benefit from growth policies, with demand in shipbuilding and construction likely to increase, alongside trends in equipment upgrades and low-carbon transitions [5][19]. - The average daily transaction volume of construction steel in October 2025 was 101,300 tons, down 1.13% month-on-month and 13.06% year-on-year [20][19]. Copper Industry - The copper supply remains tight, with expectations of continued high price fluctuations supported by low domestic inventory levels and the Fed's interest rate cut expectations [3][36]. - In October, domestic refined copper production was 1,204,000 tons, a year-on-year increase of 7.89% [37][36]. - The report suggests a positive outlook for the copper industry, driven by demand from power grids, electric vehicles, and AI servers [5][36]. Aluminum Industry - The aluminum sector is experiencing a stable profit level for electrolytic aluminum plants due to low alumina prices, although downstream demand is expected to weaken in December [3][41]. - Domestic electrolytic aluminum production in October was 3,798,000 tons, a year-on-year increase of 2.23% [42][41]. - The report anticipates that the aluminum price will continue to fluctuate in the short term, supported by the Fed's interest rate cut expectations [5][41]. Precious Metals - Gold prices are expected to fluctuate at high levels in the short term, influenced by the Fed's interest rate policies and geopolitical tensions, particularly regarding the Russia-Ukraine situation [3][47]. - From October 31 to November 28, 2025, COMEX gold prices increased by 6.05% to $4,256.40 per ounce [47][47]. New Energy Metals - Lithium prices are expected to remain high due to strong demand in the energy storage sector, despite a slight decline in demand from the electric vehicle sector [3][52]. - Domestic battery-grade lithium carbonate prices increased by 17.50% to 94,000 yuan per ton from October 31 to November 28, 2025 [53][52]. - The report indicates a trend towards regulatory strengthening in the lithium supply side, which may optimize the future supply structure and support lithium prices [5][52]. Cobalt Industry - The cobalt market is expected to face pressure on prices due to a potential decline in demand from the power battery market, while the consumer electronics sector remains robust [4][62]. - In October, domestic cobalt sulfate production was 12,500 tons, a year-on-year decrease of 32.72% [66][62].

股票代码：601600 股票简称：中国铝业 公告编号：临2025-074 中国铝业股份有限公司 关于2025年第三次临时股东会增加临时提案的公告 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。 一、股东会有关情况 1. 股东会的类型和届次：2025年第三次临时股东会 2. 股东会召开日期：2025 年 12 月 22 日 3. 股权登记日 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 601600 | 中国铝业 | 2025/12/16 | 二、增加临时提案的情况说明 1. 提案人：中国铝业集团有限公司 三、除上述拟增加的临时提案外，公司于2025 年 11 月 7 日公告的原股东会通知事 项不变。 四、增加临时提案后股东会的有关情况。 （一）现场会议召开的日期、时间和地点 2. 提案程序说明 中国铝业股份有限公司（以下简称"公司"）已于2025 年 11 月 7 日披露了《中国铝 业股份有限公司关于召开2025年第三次临时股东会的通知》（公告编 ...

Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index falling by 1.28% to close at 25,760.73 points, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index dropped by 1.68% and 1.58%, respectively [1][2]. Sector Performance - Major technology stocks and large financial stocks collectively dragged down market sentiment, with notable declines in companies like Bilibili (-3%), NetEase (-2.94%), and Alibaba (-2.17%) [4][5]. - The financial sector also faced losses, particularly in insurance stocks, with China Pacific Insurance down by 4% and China Life Insurance down by over 3% [6]. - The biopharmaceutical sector saw declines, with WuXi AppTec falling by over 3% and other major players like BeiGene and WuXi Biologics also experiencing losses [7]. Commodity and Other Stocks - In contrast, stocks in the non-ferrous metals and precious metals sectors performed well, with China Molybdenum and China Aluminum rising by over 2% [8]. - Airline stocks strengthened, with China Eastern Airlines and China Southern Airlines both gaining over 2%, supported by a new action plan promoting the integration of cultural tourism and civil aviation [9]. Capital Flows - Southbound capital saw a net inflow of 2.279 billion HKD, indicating continued interest in Hong Kong stocks from mainland investors [9]. Future Outlook - Analysts suggest that the current market adjustments may create opportunities for recovery in 2026, with expectations of a necessary interest rate cut in December due to rising unemployment and declining real wages [11].

Market Overview - The Hong Kong stock market experienced a downward trend, with the Hang Seng Index closing down 1.28%, falling below the 26,000-point mark [1] - The Hang Seng China Enterprises Index and the Hang Seng Tech Index also declined by 1.68% and 1.58%, respectively, with both indices dropping nearly 2% during the trading session [1] Sector Performance - Major sectors such as large technology stocks, financials (including banks, insurance, and brokerage firms), and state-owned enterprises saw collective declines, negatively impacting market sentiment [1] - Notable declines included China Pacific Insurance down 4%, and significant drops in stocks of Everbright Securities, Shenwan Hongyuan, Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China [1] Real Estate and Pharmaceuticals - According to a Morgan Stanley report, the year-on-year sales of new homes in mainland China dropped by 57%, leading to a continued decline in property stocks [1] - Pharmaceutical stocks also continued to experience downward pressure [1] Electric Vehicles and Semiconductors - The electric vehicle sector showed weakness, with most stocks underperforming [1] - Semiconductor leader SMIC saw a decline of over 2% [1] Commodities and Interest Rates - The probability of a 25 basis point rate cut by the Federal Reserve in December is at 89.2%, which has led to strong performance in non-ferrous metal stocks [1] - Companies such as China Molybdenum, China Aluminum, and Daye Nonferrous Metals saw notable gains [1] Aviation and Other Sectors - The tourism market is experiencing growth, boosting travel demand, with all three major airline stocks rising [1] - Heavy machinery, home appliance, and military industry stocks were mostly active [1] - Kingstone New Materials (2693.HK) saw a first-day listing gain of over 2% [1]

截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鋁業股份有限公司 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 ( ...