Company Overview - Hengbang Co., Ltd. is primarily engaged in gold exploration, mining, beneficiation, smelting, chemical production, and rare metal production, with gold accounting for 63.14% of its main business revenue [1][2] - The company was established on February 18, 1994, and went public on May 20, 2008 [1] Financial Performance - For the first half of 2025, Hengbang Co., Ltd. achieved operating revenue of 43.05 billion yuan, representing a year-on-year growth of 5.08%, and a net profit attributable to shareholders of 309 million yuan, up 3.53% year-on-year [2] - The company has distributed a total of 760 million yuan in dividends since its A-share listing, with 317 million yuan distributed in the last three years [3] Stock Performance - As of September 5, Hengbang Co., Ltd.'s stock price increased by 31.94% year-to-date, with a 4.29% rise in the last five trading days, 7.35% in the last twenty days, and 2.18% in the last sixty days [1] - The stock was trading at 13.14 yuan per share, with a market capitalization of 15.086 billion yuan [1] Shareholder Information - As of August 29, the number of shareholders of Hengbang Co., Ltd. was 46,100, a decrease of 3.27% from the previous period, with an average of 19,757 circulating shares per shareholder, an increase of 3.38% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with the latter being a new entrant [3] Capital Flow - On September 5, the net inflow of main funds was 5.3513 million yuan, with large orders accounting for 29.68% of purchases and 29.18% of sales [1]

Core Viewpoint - Yuguang Gold Lead's stock price has shown significant growth this year, with a year-to-date increase of 59.64%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Yuguang Gold Lead reported revenue of 22.441 billion yuan, a year-on-year increase of 18.93%, and a net profit attributable to shareholders of 485 million yuan, up 15.12% from the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.338 billion yuan, with 548 million yuan distributed over the past three years [3]. Shareholder Information - As of July 31, 2025, the number of shareholders increased to 60,700, with an average of 17,969 circulating shares per person, a slight decrease of 0.99% [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 34.1012 million shares, and Southern CSI 1000 ETF, which holds 7.0522 million shares, both showing increases in holdings [3]. Market Activity - On September 4, Yuguang Gold Lead's stock price fell by 2.08% to 9.89 yuan per share, with a trading volume of 489 million yuan and a turnover rate of 4.45% [1]. - The stock has experienced a recent upward trend, with an 8.56% increase over the last five trading days and a 14.87% increase over the last 20 days [1].

Core Viewpoint - Hengbang Co., Ltd. has experienced a stock price decline of 2.04% on September 4, with a current price of 12.97 yuan per share and a total market capitalization of 14.891 billion yuan [1] Company Overview - Hengbang Co., Ltd. was established on February 18, 1994, and listed on May 20, 2008. The company is primarily engaged in gold exploration, mining, beneficiation, smelting, chemical production, and rare metal production [1] - The main revenue composition includes gold (63.14%), electrolytic copper (19.52%), silver (8.97%), and other metals and products [1] Financial Performance - For the first half of 2025, Hengbang Co., Ltd. achieved operating revenue of 43.05 billion yuan, representing a year-on-year growth of 5.08%. The net profit attributable to shareholders was 309 million yuan, up 3.53% year-on-year [2] Shareholder Information - As of August 29, 2025, the number of shareholders is 46,100, a decrease of 3.27% from the previous period. The average circulating shares per person increased by 3.38% to 19,757 shares [2] - The company has distributed a total of 760 million yuan in dividends since its A-share listing, with 317 million yuan distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 9.9974 million shares, a decrease of 926,400 shares from the previous period. Southern CSI 1000 ETF is a new addition to the top ten circulating shareholders, holding 5.3012 million shares [3]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. is a significant player in the non-ferrous metal mining industry, focusing on the production of various metals including copper, molybdenum, tungsten, cobalt, niobium, and phosphorus, with a comprehensive integrated industrial chain [3] Company Overview - Luoyang Molybdenum was established on December 22, 1999, and listed on October 9, 2012, with its main business involving the mining, selection, smelting, deep processing, and trading of precious metals [7] - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [7] Production and Financial Performance - As of June 30, 2025, Luoyang Molybdenum achieved operating revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8] - The company has a significant presence in the gold production sector, with an expected increase in gold equity production from 16,000 ounces in 2022 to a guidance of 25,000 to 27,000 ounces in 2023, representing a year-on-year growth of 56% to 69% [3] Market Position and Shareholder Information - Luoyang Molybdenum ranks as one of the top five molybdenum producers globally and the largest tungsten producer, as well as the second-largest cobalt and niobium producer [3] - As of June 30, 2025, the number of shareholders was 237,500, a decrease of 15.95% from the previous period [8] - The company has distributed a total of 21.562 billion yuan in dividends since its A-share listing, with 10.576 billion yuan in the last three years [9] Recent Market Activity - On September 3, the stock price of Luoyang Molybdenum fell by 1.23%, with a trading volume of 4.654 billion yuan and a turnover rate of 1.96%, leading to a total market capitalization of 292.032 billion yuan [1] - The stock has seen a net outflow of 251 million yuan from major funds today, with a continuous reduction in major fund positions over the past two days [4][5]

Company Overview - Tongling Nonferrous Metals Group Co., Ltd. is located in Tongling City, Anhui Province, and was established on November 12, 1996. The company was listed on November 20, 1996. Its main business involves copper mining, smelting, and processing [1]. - The revenue composition of the company includes copper products (83.78%), gold and other by-products (13.58%), chemical and other products (2.18%), and others (0.46%) [1]. Financial Performance - For the first half of 2025, Tongling Nonferrous achieved operating revenue of 76.08 billion yuan, representing a year-on-year increase of 6.39%. However, the net profit attributable to shareholders decreased by 33.94% to 1.441 billion yuan [2]. - The company has cumulatively distributed dividends of 7.134 billion yuan since its A-share listing, with 2.816 billion yuan distributed over the past three years [3]. Stock Performance - As of September 3, the stock price of Tongling Nonferrous fell by 2.22% to 4.41 yuan per share, with a trading volume of 1.232 billion yuan and a turnover rate of 2.51%. The total market capitalization is 57.696 billion yuan [1]. - Year-to-date, the stock price has increased by 40.89%, with a 1.85% rise over the last five trading days, a 9.43% increase over the last 20 days, and a 38.24% rise over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders is 288,200, a decrease of 1.02% from the previous period. The average circulating shares per person increased by 1.03% to 36,523 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 225 million shares (a decrease of 45.132 million shares), and various ETFs such as Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, which have increased their holdings [3].

Company Overview - Shengtu Mining Group Co., Ltd. is located in Xiamen, Fujian Province, established on January 14, 1997, and listed on May 31, 1996. The company primarily engages in non-ferrous metal mining, metal industry chain value-added services, cobalt materials, and the smelting of lead, zinc, and various valuable metal products [2]. Business Segmentation - The revenue composition of Shengtu Mining is as follows: Energy metals business accounts for 66.55%, basic metals business 27.88%, and metal trading and other activities 5.56% [2]. Stock Performance - As of September 3, Shengtu Mining's stock price increased by 2.55% to 9.25 CNY per share, with a total market capitalization of 28.588 billion CNY. The stock has risen 91.91% year-to-date, with a 16.50% increase over the last five trading days, 17.24% over the last 20 days, and 62.57% over the last 60 days [1]. Capital Flow - The net inflow of main funds into Shengtu Mining was 25.2387 million CNY, with large orders accounting for 28.62% of total purchases and 27.88% of total sales. The company appeared on the "Dragon and Tiger List" once this year, with a net purchase of 431 million CNY on August 29 [1]. Financial Performance - For the first half of 2025, Shengtu Mining reported a revenue of 13.804 billion CNY, representing a year-on-year growth of 20.94%. However, the net profit attributable to shareholders decreased by 5.81% to 1.053 billion CNY [2]. Dividend Distribution - Since its A-share listing, Shengtu Mining has distributed a total of 933 million CNY in dividends, with 388 million CNY distributed over the past three years [3].

Company Overview - CITIC Metal Co., Ltd. is primarily engaged in the trading of metals and mineral products, with a revenue composition of 80.20% from non-ferrous metals, 19.46% from ferrous metals, and 0.33% from other trading activities [1] - The company was established on January 23, 1988, and was listed on April 10, 2023 [1] Stock Performance - As of September 2, CITIC Metal's stock price was 9.12 CNY per share, with a market capitalization of 44.688 billion CNY [1] - The stock has increased by 28.60% year-to-date, with a 4.71% rise over the last five trading days, 11.36% over the last 20 days, and 17.80% over the last 60 days [1] Financial Performance - For the first half of 2025, CITIC Metal reported a revenue of 63.657 billion CNY, a year-on-year decrease of 0.92%, while the net profit attributable to shareholders increased by 30.90% to 1.448 billion CNY [2] - The company has distributed a total of 2.293 billion CNY in dividends since its A-share listing [3] Shareholder Structure - As of July 18, the number of CITIC Metal shareholders was 74,700, a decrease of 1.44% from the previous period [2] - The largest shareholder is Hong Kong Central Clearing Limited, holding 12.3417 million shares, an increase of 3.3746 million shares from the previous period [3] - The second-largest shareholder is Southern CSI 500 ETF, holding 8.1335 million shares, with an increase of 1.2959 million shares [3]

Core Viewpoint - Western Mining has shown a positive stock performance with a year-to-date increase of 23.09% and a recent 5-day increase of 3.40% [1] Group 1: Stock Performance - As of August 29, Western Mining's stock price reached 18.55 CNY per share, with a market capitalization of 442.05 billion CNY [1] - The company experienced a net inflow of main funds amounting to 477.55 million CNY, with significant buying and selling activities [1] - Over the past 60 days, the stock has increased by 20.61% [1] Group 2: Financial Performance - For the first half of 2025, Western Mining reported a revenue of 316.19 billion CNY, reflecting a year-on-year growth of 26.59% [2] - The net profit attributable to shareholders for the same period was 18.69 billion CNY, marking a 15.35% increase compared to the previous year [2] Group 3: Shareholder Information - As of August 20, the number of shareholders increased by 2.17% to 113,100, while the average circulating shares per person decreased by 2.12% to 21,069 shares [2] - The company has distributed a total of 107.23 billion CNY in dividends since its A-share listing, with 69.11 billion CNY distributed in the last three years [3] - Notable changes in institutional holdings include a decrease of 12.19 million shares by Hong Kong Central Clearing Limited and an increase of 3.32 million shares by Southern CSI 500 ETF [3]

Core Viewpoint - The stock price of Jinchengxin has shown significant growth this year, with a year-to-date increase of 74.23% and a notable rise of 15.43% in the last five trading days [2] Company Overview - Jinchengxin Mining Management Co., Ltd. was established on January 7, 2008, and listed on June 30, 2015. The company is located in Fengtai District, Beijing [2] - The main business activities include mining engineering construction, mining operation management, and mining design and technology research and development [2] - The revenue composition is as follows: sales of cathode copper, copper concentrate, and phosphate rock account for 46.11%, mining operation management 39.63%, mining engineering construction 11.85%, materials, equipment, and others 1.29%, mining machinery and equipment 1.00%, and mining design consulting 0.13% [2] Financial Performance - For the first half of 2025, Jinchengxin achieved operating revenue of 6.316 billion yuan, representing a year-on-year growth of 47.82%. The net profit attributable to shareholders was 1.111 billion yuan, with a year-on-year increase of 81.29% [2] - Since its A-share listing, Jinchengxin has distributed a total of 768 million yuan in dividends, with 477 million yuan distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders is 16,600, a decrease of 13.57% from the previous period. The average circulating shares per person increased by 15.70% to 37,570 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest, holding 13.8932 million shares, a decrease of 16.2626 million shares from the previous period [3] Market Activity - On August 29, Jinchengxin's stock price rose by 2.08%, reaching 62.46 yuan per share, with a trading volume of 123 million yuan and a turnover rate of 0.32%. The total market capitalization is 38.961 billion yuan [1] - In terms of capital flow, there was a net outflow of 6.4946 million yuan from main funds, with large orders accounting for 11.53% of purchases and 16.03% of sales [1]

Company Overview - Jincheng Mining Management Co., Ltd. is located in Fengtai District, Beijing, and was established on January 7, 2008. The company was listed on June 30, 2015. Its main business includes mining engineering construction, mining operation management, mining design, and technology research and development [1][2]. Financial Performance - For the period from January to June 2025, Jincheng achieved operating revenue of 6.316 billion yuan, representing a year-on-year growth of 47.82%. The net profit attributable to shareholders was 1.111 billion yuan, reflecting an increase of 81.29% year-on-year [2]. - Since its A-share listing, Jincheng has distributed a total of 768 million yuan in dividends, with 477 million yuan distributed over the past three years [3]. Stock Performance - As of August 28, Jincheng's stock price increased by 2.01%, reaching 60.97 yuan per share, with a trading volume of 369 million yuan and a turnover rate of 0.99%. The total market capitalization is 38.032 billion yuan [1]. - Year-to-date, Jincheng's stock price has risen by 70.07%, with a 12.93% increase over the last five trading days, a 28.93% increase over the last 20 days, and a 56.13% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, Jincheng had 16,600 shareholders, a decrease of 13.57% from the previous period. The average number of circulating shares per person increased by 15.70% to 37,570 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder, holding 13.8932 million shares, a decrease of 16.2626 million shares compared to the previous period [3]. Business Segmentation - The revenue composition of Jincheng's main business includes: mining operation management (44.45%), sales of copper products and phosphate rock (32.28%), mining engineering construction (20.15%), and other services (1.90%) [1].