Core Viewpoint - The financing activities of Huayu Mining indicate a mixed sentiment among investors, with a notable net sell-off despite significant financing buy-ins over the recent trading days [1] Financing Activities - On August 1, Huayu Mining recorded a financing buy-in amount of 0.82 billion, ranking 204th in the two markets [1] - The financing repayment amount on the same day was 0.88 billion, resulting in a net sell-off of 6.6363 million [1] - Over the last three trading days, the financing buy-ins were 1.07 billion, 1.02 billion, and 0.82 billion respectively [1] Securities Lending - On August 1, the company had a securities lending sell-out of 0.07 thousand shares, with a net buy-in of 0.03 thousand shares [1]

Group 1 - The stock price of Western Mining (601168) closed at 17.03 yuan on August 1, 2025, with an increase of 2.04% and a turnover rate of 1.65% [1] - The company reported a total operating revenue of 31.619 billion yuan for the first half of 2025, representing a year-on-year growth of 26.59%, and a net profit attributable to shareholders of 1.869 billion yuan, up 15.35% year-on-year [1] - The company's liquidity ratios include a current ratio of 0.982 and a quick ratio of 0.642, with a debt-to-asset ratio of 58.97% [1] Group 2 - Western Mining has made investments in 34 companies and participated in 1,629 bidding projects [2] - The company holds 139 trademark registrations and 342 patent applications, along with 22 administrative licenses [2]

Group 1: Investor Relations Activities - The investor relations activities included specific object research and participation from various funds and securities firms [2][3][4] - The event took place on July 31 and August 1, 2025, at the subsidiaries of the company [3][4] - Key attendees included executives from the company and its subsidiaries, such as the Vice Presidents and independent directors [4][5] Group 2: Research Activities - On July 31, activities included site visits to the underground mining areas and various facilities of Yinman Mining [4] - On August 1, the focus was on visiting the underground operations of Yubang Mining and the scheduling room [4][5] Group 3: Key Questions and Responses - The progress of Yinman Phase II has received project approval and is in communication with local authorities for construction permits [5][6] - Yubang Mining's 8.25 million tons expansion project is awaiting emergency management approval for construction [5][6] - The company aims to maintain silver and tin as core businesses while gradually integrating copper and gold resources [5][6] Group 4: Production and Resource Estimates - Yubang Mining's expansion is projected to yield an annual output of 450 tons of silver once fully operational [5][6] - Yinman Mining's current production capacity is 1.65 million tons per year, with plans to double output after the expansion [6][7] - The company is actively exploring and investing in mineral resources, with significant drilling efforts in Morocco indicating promising mineralization [7][8]

金融界消息 截至2025年8月1日收盘，驰宏锌锗（600497）报收于5.48元，上涨0.18%，换手率1.16%， 成交量58.52万手，成交金额3.21亿元。 资金流向方面，今日主力资金净流入2193.71万元，占比成交额6.83%。其中，超大单净流入209.16万 元、占成交额0.65%，大单净流入1984.54万元、占成交额6.18%，中单净流出流出314.01万元、占成交 额0.98%，小单净流出1879.70万元、占成交额5.86%。 驰宏锌锗最新一期业绩显示，截至2025一季报，公司营业总收入51.44亿元、同比增长10.10%，归属净 利润4.94亿元，同比增长1.40%，扣非净利润4.85亿元，同比增长5.38%，流动比率0.812、速动比率 0.466、资产负债率27.71%。 天眼查商业履历信息显示，云南驰宏锌锗股份有限公司，成立于2000年，位于曲靖市，是一家以从事有 色金属矿采选业为主的企业。企业注册资本509129.1568万人民币，实缴资本509129.1568万人民币。公 司法定代表人为杨美彦。 通过天眼查大数据分析，云南驰宏锌锗股份有限公司共对外投资了27家企业，参与招投标项 ...

Report Title - The report is titled "Non-ferrous Metals | Daily Report" dated August 1, 2025 [4] Investment Rating - No investment rating for the industry is provided in the report Core Views - **Copper**: Today, copper prices fluctuated within a narrow range. Affected by the weakening sentiment in the commodity market since last Friday, the futures price of Shanghai copper showed weakness. However, due to the limited previous increase in copper prices, the adjustment range in this round was also relatively limited. In the short term, attention should be paid to the change in the overall atmosphere of the commodity market and the long - short game at the 78,000 mark [5] - **Aluminum**: Today, aluminum prices fluctuated within a narrow range. Affected by the weakening sentiment in the commodity market since last Friday, the futures price of Shanghai aluminum showed weakness. Due to the limited previous increase in aluminum prices, the adjustment range in this round was relatively limited. In the short term, with the weakening of the overall sentiment in the commodity market and the relatively loose supply - demand pattern of aluminum, it is expected that aluminum prices will run weakly in the short term [6] - **Nickel**: Today, nickel prices fluctuated weakly and closed slightly lower. Affected by the weakening sentiment in the commodity market since last Friday, the futures prices of nickel and aluminum showed weakness. Due to the limited previous increase in nickel prices, the adjustment range in this round was relatively limited. In the short term, it is expected that Shanghai nickel will fluctuate weakly [7] Industry Dynamics Copper - On the first trading day of August, the procurement and sales sentiment in the spot market both increased. The procurement sentiment of Shanghai electrolytic copper spot was 3.11, and the sales sentiment was 3.16. As it was Friday, downstream buyers stocked up for the weekend and bargained for purchases, causing the spot premium to decline slightly. However, the overall supply of domestic single - piece copper was insufficient recently, and the spread between the inter - month BACK contracts was only 10 - 20 yuan/ton, so the willingness of holders to significantly lower the quotation was low [9] Aluminum - According to SMM statistics on August 1, the total inventory of bauxite in 9 domestic ports was 23.79 million tons, a decrease of 130,000 tons from the previous week [10] - According to data released by the Guinea Geological Bureau, Australia's AMCG Mining Company's Koumbia Mine in the Boke Mining Area shipped two ships of bauxite from the Dapilon Port from July 21 - 27, with a total of 349,973 tons, which was the first shipment since its completion. The Koumbia mining area has a total resource reserve of 2.175 billion tons, with an average Al2O3 content of 43.5% and a silica content of 3.8% [11] Nickel - Recently, the stainless - steel composite material manufacturing project of Fujian Qingtuo Composite New Materials completed the record - filing. The project plans to produce 50,000 tons of stainless - steel composite materials annually, which will further enrich the regional stainless - steel industrial chain layout. The project will purchase a series of equipment, and the equipment installation cost will reach 3 million yuan. After the project is put into production, it will increase the production capacity of stainless - steel composite materials and promote regional industrial upgrading [12] Related Charts Copper - Charts include copper basis, domestic visible inventory of electrolytic copper (social inventory + bonded area inventory), LME copper cancelled warrant ratio, overseas copper exchange inventory, Shanghai copper month - spread, and SHFE warrant inventory [13][15][16] Aluminum - Charts include aluminum basis, aluminum month - spread, domestic social inventory of electrolytic aluminum, overseas exchange inventory of electrolytic aluminum (LME + COMEX), alumina trend, and alumina inventory [26][32][30] Nickel - Charts include nickel basis, LME nickel cancelled warrant ratio, LME nickel trend, SHFE inventory, and nickel ore port inventory [39][43][46]

金融界消息 截至2025年8月1日收盘，紫金矿业（601899）报收于19.26元，上涨0.57%，换手率0.59%， 成交量122.00万手，成交金额23.51亿元。 资金流向方面，今日主力资金净流入4868.23万元，占比成交额2.07%。其中，超大单净流入2600.58万 元、占成交额1.11%，大单净流入2267.65万元、占成交额0.96%，中单净流出流入1101.44万元、占成交 额0.47%，小单净流出5969.67万元、占成交额2.54%。 通过天眼查大数据分析，紫金矿业集团股份有限公司共对外投资了76家企业，参与招投标项目791次， 知识产权方面有商标信息491条，专利信息768条，此外企业还拥有行政许可314个。 紫金矿业最新一期业绩显示，截至2025一季报，公司营业总收入789.28亿元、同比增长5.55%，归属净 利润101.67亿元，同比增长62.39%，扣非净利润98.81亿元，同比增长58.76%，流动比率1.026、速动比 率0.704、资产负债率54.89%。 来源：金融界 天眼查商业履历信息显示，紫金矿业集团股份有限公司，成立于2000年，位于龙岩市，是一家以从事有 色金属 ...

Group 1 - The core viewpoint of the news is that ST Shengtun (600711) has shown a positive stock performance with a closing price of 7.91 yuan, up 5.05% as of August 1, 2025 [1] - The company reported a total operating revenue of 13.804 billion yuan for the first half of 2025, representing a year-on-year increase of 20.94% [1] - The net profit attributable to shareholders decreased by 5.81% year-on-year to 1.053 billion yuan, while the non-recurring net profit also saw a decline of 6.53% to 1.162 billion yuan [1] Group 2 - ST Shengtun has a current liquidity ratio of 1.135 and a quick ratio of 0.653, indicating its short-term financial health [1] - The company's debt-to-asset ratio stands at 55.79%, reflecting its leverage position [1] - ST Shengtun has made investments in 43 companies and has participated in 9 bidding projects, showcasing its active engagement in the market [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [2][15]. Core Insights - The company reported a revenue of 31.619 billion yuan for the first half of 2025, representing a year-on-year growth of 26.59%. The net profit attributable to shareholders was 1.869 billion yuan, up 15.35% year-on-year [4]. - The increase in performance is primarily attributed to an 8% rise in copper production and an 11% increase in copper prices compared to the previous year [4]. - The company’s copper production for H1 2025 was 91,800 tons, a year-on-year increase of 7.65%, with significant contributions from various mines [5]. - The report highlights improvements in recovery rates for various minerals, indicating operational efficiency [5]. - The smelting capacity is gradually increasing, with significant year-on-year growth in production for copper, lead, and zinc [6]. - The company’s subsidiary, Yulong Copper Industry, achieved a net profit of 3.491 billion yuan, contributing significantly to the overall profitability [6]. - Future growth is supported by ongoing projects and expansions, including the approval of the Yulong Copper Mine Phase III, which is expected to increase production capacity significantly [7][9]. Financial Projections - Revenue projections for 2025, 2026, and 2027 are 56.134 billion yuan, 59.120 billion yuan, and 63.471 billion yuan, respectively, with year-on-year growth rates of 12.21%, 5.32%, and 7.36% [9][11]. - The net profit attributable to shareholders is expected to reach 3.857 billion yuan in 2025, with a growth rate of 31.56% [11]. - Earnings per share (EPS) are projected to be 1.62 yuan for 2025, with corresponding price-to-earnings (P/E) ratios of 10.31, 9.71, and 9.01 for the years 2025, 2026, and 2027 [9][11].

Group 1 - The core point of the article is the strategic cooperation between Luoyang Molybdenum and the government of Catalão, Goiás, to advance the reconstruction of the Sebastião de Padua highway, which is crucial for connecting local mining, industrial, and logistics sectors [1] - The upgrade of the highway is expected to significantly enhance the economic vitality of the region [1]

Group 1 - Chile's copper production in June was reported at 424,390 tons, representing a 6% decrease compared to the same month last year [2]