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][13]. Core Insights - The company reported a revenue of 2.013 billion yuan in 2024, a year-on-year decrease of 10.66%, while the net profit attributable to shareholders reached 390 million yuan, reflecting a significant increase of 163.56% [4][9]. - In Q1 2025, the company achieved a revenue of 353 million yuan, with net profit attributable to shareholders at 8 million yuan, marking year-on-year growth of 33.92% and 194.37% respectively [4][9]. - The growth in performance is primarily attributed to rising metal prices, completion of technical upgrades at the Jingshan mine, and compensation received from litigation [4][5]. - The average spot prices for silver, gold, lead, and zinc increased by 30.94%, 23.87%, 9.67%, and 8.18% respectively in 2024 [4][5]. Financial Performance Summary - The company’s production figures for silver, gold, lead, and zinc were 138,590 tons, 125 tons, 13,406 tons, and 24,368 tons respectively, showing a decline of 4.48%, 15.38%, 0.42%, and 1.84% year-on-year [5]. - The gross profit for 2024 was 986 million yuan, an increase of 35.53% year-on-year, with contributions from lead concentrate, zinc concentrate, and silver ingots [5][9]. - The company has been actively acquiring quality asset stakes, including the remaining 47% stake in Honglin Mining and 33% in its subsidiary Jingshan Mining, with a profit commitment of no less than 470 million yuan from 2025 to 2027 [5][6]. Growth Outlook - The Jingshan Mining subsidiary is expected to resume normal production in 2025, with an annual mining capacity of 480,000 tons, while Honglin Mining is projected to begin trial production in the second half of 2025 [6]. - Revenue projections for 2025, 2026, and 2027 are 2.749 billion yuan, 3.214 billion yuan, and 3.704 billion yuan respectively, with year-on-year growth rates of 36.56%, 16.91%, and 15.24% [6][9]. - The net profit attributable to shareholders is forecasted to be 601 million yuan, 778 million yuan, and 901 million yuan for the same years, reflecting growth rates of 54.05%, 29.41%, and 15.93% respectively [6][9].

投资咨询业务资格：证监许可【2012】669号 中信期货研究（有⾊每⽇报告） 2025-05-29 美元走势偏弱，有色下方仍有支撑 有⾊观点：美元⾛势偏弱，有⾊下⽅仍有⽀撑 交易逻辑：5月欧美制造业PMI初值好于预期且回升，美元指数延续弱 势；上周末前特朗普威胁6月1日起对欧洲加税50%，但随后延期至7月 9日，这意味着美国关税政策仍有反复，不过整体略偏正面。供需面 来看，基本金属供需有再度趋紧迹象，库存整体重回去化，并且像铜 等品种再度出现矿端扰动的问题。中短期来看，现实供需基本面支撑 有望再度趋强，宏观面预期有反复，但偏正面，主要关注结构性机 会，谨慎关注供应端有扰动品种的短多机会，比如：铜铝锡等，中长 期来看，基本金属需求前景仍存在不确定性，可关注部分供需偏过剩 或者预期过剩品种的逢高沽空机会。 铜观点：供应端再现扰动，铜价⾼位震荡。 氧化铝观点：现货涨势放缓，氧化铝盘⾯回落。 铝观点：贸易紧张局势缓解，铝价偏强震荡。 锌观点：检修消息逐步消化，锌价再度回落。 铅观点：成本⽀撑暂稳，铅价震荡运⾏。 镍观点：供需整体偏弱，短期镍价震荡偏弱。 不锈钢观点：盘⾯⼤幅下跌，现货升⽔⾛阔。 锡观点：供给端出现扰动 ...

Core Viewpoint - The legal opinion letter confirms that the 2024 annual general meeting of Shandong Jinling Mining Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the meeting and its resolutions [2][6][13]. Group 1: Meeting Procedures - The annual general meeting was convened based on a resolution from the fifth meeting of the tenth board of directors held on March 27, 2025 [3]. - Notifications regarding the meeting were published on May 7 and May 16, 2025, in various financial newspapers and online platforms, detailing the meeting's agenda, date, and voting procedures [4][5]. - The meeting was held in a physical location with provisions for online voting, ensuring accessibility for shareholders [5]. Group 2: Qualifications of Participants - The meeting was convened by the board of directors, whose qualifications were verified to be in accordance with legal and regulatory requirements [6]. - A total of 147 participants, including shareholders and their proxies, attended the meeting, representing 355,643,836 shares, which is 59.7379% of the total voting shares [8]. Group 3: Resolutions and Voting Results - The meeting reviewed several resolutions, all of which were approved, including proposals related to equity and debt [7]. - The voting process combined both on-site and online methods, with results announced immediately after the voting concluded [8]. - The resolutions received overwhelming support, with 355,469,736 shares voting in favor, representing a significant majority of the votes cast [9][10].

Meeting Information - The shareholder meeting of Shandong Jinling Mining Co., Ltd. was held on May 28, 2025, at 14:30, with online voting available from 9:15 to 15:00 on the same day [1] - A total of 147 shareholders and authorized representatives attended the meeting, representing 355,643,836 shares, which is 59.7379% of the total voting shares [1] Voting Results - The voting method combined both on-site and online voting [2] - The results showed that 355,469,736 shares voted in favor, accounting for 99.9653% of the valid votes, while 123,600 shares opposed, and 50,500 shares abstained [2][3] - Among minority shareholders, 7,729,591 shares voted in favor, representing 97.7972% of their valid votes, with 123,600 shares opposing and 50,500 shares abstaining [3][4] Legal Compliance - The legal opinions provided confirm that the qualifications of attendees, voting procedures, and results comply with relevant laws, regulations, and the company's articles of association [7]

Core Points - The company announced a cash dividend of RMB 0.040 per share (before tax) for its A shares [1][2] - The dividend distribution plan was approved at the annual general meeting held on May 20, 2025 [1] - The record date for shareholders is June 4, 2025, with the last trading day and ex-dividend date both on June 5, 2025 [1][2] Dividend Distribution Details - The total share capital used for the dividend distribution is 819,964,698 shares [2] - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [3] - No bonus shares or capital increase will be involved in this distribution [3] Taxation Information - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in an actual cash dividend of RMB 0.040 per share [4] - For shares held for less than one year, the tax will be calculated upon transfer of the shares, with the actual cash dividend remaining RMB 0.040 per share [4] - For Qualified Foreign Institutional Investors (QFII), a 10% withholding tax will apply, leading to an actual cash dividend of RMB 0.036 per share [5]

Group 1 - The core point of the announcement is that Jinwei Mining Co., Ltd. is establishing a wholly-owned subsidiary, Gansu Jinwei Jiate Mining Co., Ltd., with a registered capital of 20 million yuan [1][2] - The investment decision aligns with the company's long-term development strategy and is considered a prudent decision by the board [1][2] - The establishment of the subsidiary will not require approval from the shareholders' meeting, as it does not involve related transactions or constitute a major asset restructuring [1][2] Group 2 - Gansu Jinwei Jiate Mining Co., Ltd. is a limited liability company with a registered capital of 20 million yuan, located in Longnan City, Gansu Province [2] - The business scope includes non-coal mining resource extraction, geological exploration of metal and non-metal mineral resources, and mineral processing [2] - The investment will lead to the addition of a subsidiary to the company's consolidated financial statements but will not adversely affect the company's financial status or operating results [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 信息披露义务人国民信托有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、本次权益变动性质为股份减少，不触及要约收购。 2、本次权益变动不涉及公司控股股东及实际控制人，不会导致公司控股股东、实际控制人发生变化， 不会对公司经营及治理结构产生影响。 1、本次权益变动未触及要约收购，不会导致公司实际控制人发生变更，亦不会对公司治理结构和持续 经营构成影响。 2、本次权益变动后，股东国民信托持股比例降至5%以下。 3、根据《证券法》《公开发行证券的公司信息披露内容与格式准则第15号一一权益变动报告书》等法 律法规及规范性文件相关规定，股东国民信托作为信息披露义务人编制了简式权益变动报告书，具体内 容详见公司同日在巨潮资讯网（www.cninfo.com.cn）披露的《简式权益变动报告书》。 4、本次权益变动符合《中华人民共和国证券法》《深圳证券交易所上市公司自律监管指引第18号一一 股东及董事、监事、高级管理人员减持股份》等有关法律法规及规范性 ...

广西华锡有色金属股份有限公司 二〇二五年六月 目 录 会议表决方式：现场投票和网络投票相结合 主持人：董事长张小宁先生 广西华锡有色金属股份有限公司 现场会议召开地点：南宁市良庆区体强路 12 号北部湾航运中心 A 座 8 楼 812 会议室 会议召集人：公司董事会 会议召开时间： 现场会议时间：2025 年 6 月 12 日（星期四）15∶00 网络投票时间：2025 年 6 月 12 日（星期四）9∶15-15∶00 其中，通过交易系统投票平台的投票时间为 9∶15-9∶25，9∶30-11∶30， 会议主要议程： 一、主持人宣布会议开始。 二、由公司聘请的律师宣布到会股东及代表资格审查结果。 三、审议议题。 四、股东或股东代表发言，公司董事、监事和高管人员回答提问。 五、主持人宣布会议进入表决程序，停止会议登记。 六、由公司聘请的律师再次宣布到会股东及代表资格审查结果。 七、推选 2 名股东代表为计票人、推选 1 名公司监事为监票人，由监票人发 放表决票。审议事项与股东有关联关系的相关股东及代理人不得参加计票、监票。 八、现场投票表决，律师、股东代表、监事代表进行监票、计票工作。 九、监票人宣读现场表决 ...

鉴于本次交易的最终交易对价尚未确定，发行股份购买资产的发行股份数量尚未确定。 募集配套资金方面，本次募集配套资金所发行股票种类为境内上市人民币普通股(A股)，每股面值为人 民币1.00元，上市地点为深交所。 本次发行股份募集配套资金的发行对象为中铝集团、中国铜业。 中国经济网北京5月26日讯云南铜业（000878）(000878.SZ)近日披露《发行股份购买资产并募集配套资 金暨关联交易预案》。公司股票于今日开市起复牌。 上市公司拟通过发行股份的方式购买云南铜业(集团)有限公司(简称"云铜集团")持有的凉山矿业股份有 限公司(简称：凉山矿业)40%股份，并向中国铝业（601600）集团有限公司(简称：中铝集团)、中国铜 业有限公司(简称：中国铜业)发行股份募集配套资金。 发行股份购买资产方面，本次发行股份购买资产所发行股票种类为境内上市人民币普通股(A股)，每股 面值为人民币1.00元，上市地点为深交所。 本次发行股份购买资产的发行对象为云铜集团。 本次发行股份购买资产的发行价格确定为9.31元/股，不低于定价基准日前20个交易日公司股票交易均 价的80%，且不低于上市公司最近一期末经审计的归属于上市公司股东 ...

长江商报消息 ●长江商报记者 江楚雅 2025年一季度，藏格矿业实现归母净利润7.47亿元，同比增长41.18%；经营性现金流净流入1.04亿元， 同比增长143.80%。 藏格矿业（000408.SZ）收到巨额现金分红款。 15.39亿现金分红落袋 藏格矿业公告显示，公司已收到参股公司巨龙铜业的现金分红款，金额达15.39亿元。 公开资料显示，藏格矿业持有巨龙铜业30.78%股权，后者旗下拥有驱龙铜矿、知不拉铜矿及荣木错拉 铜矿，均位于西藏墨竹工卡县。此外，巨龙铜业在2024年新增备案铜资源量1472.6万吨，保有铜资源量 2561万吨，是国内备案铜资源量最多的矿山企业。 作为藏格矿业的重要业绩支柱，2021年至2023年期间，巨龙铜业营业收入和净利润均实现了翻倍式增 长。2024年，巨龙铜业生产铜精矿16.63万吨，为藏格矿业贡献投资收益19.28亿元，占其全年净利润比 重达74.72%。 此外，据藏格矿业在接受机构调研时透露，巨龙铜矿二期改扩建工程正全面推进，计划于2025年底建成 投产。项目达产后，其年采选矿石量将超1亿吨、年产铜30万—35万吨，成为国内采选规模最大、全球 本世纪投产的最大单体铜矿山 ...