Core Viewpoint - Baiyin Nonferrous Metals is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following a significant stock price fluctuation [2][5]. Financial Performance - For the first half of 2025, Baiyin Nonferrous reported a revenue of 44.56 billion yuan, a decrease of 15.28% year-on-year [6][7]. - The net profit attributable to shareholders was -2.17 billion yuan, marking a dramatic decline of 1859.82% compared to the previous year [6][8]. - The company's total assets stood at 503.56 billion yuan, with a net asset value of 154.40 billion yuan as of June 30, 2025 [6]. Stock Market Activity - Baiyin Nonferrous experienced a cumulative stock price increase of over 20% across three consecutive trading days prior to the CSRC's announcement [5]. - As of September 10, the stock price was reported at 4.24 yuan per share, reflecting a decline of 2.75%, with a total market capitalization of 31.4 billion yuan [9]. Company Operations - The company confirmed that all business operations are proceeding normally and is cooperating with the CSRC's investigation [5][6]. - Baiyin Nonferrous specializes in the exploration, mining, smelting, processing, and trading of various nonferrous and precious metals, including copper, zinc, lead, gold, and silver [6].

Core Viewpoint - The company Baiyin Nonferrous (601212) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact its operations and investor confidence [2][4]. Financial Performance - As of the end of the first half of 2025, the company reported total assets of 50.36 billion yuan, a decrease of 0.47% compared to the end of the previous year [4][5]. - The company's operating revenue for the first half of 2025 was 44.56 billion yuan, reflecting a decline of 15.28% year-on-year [4][5]. - The total profit for the period was 433 million yuan, down 38.67% from the same period last year [4][5]. - The net profit attributable to shareholders was a loss of 217 million yuan, a significant decrease compared to a profit of 12.34 million yuan in the previous year [4][5]. Business Overview - Baiyin Nonferrous is engaged in the exploration, mining, selection, smelting, processing, and trading of various nonferrous and precious metals, including copper, zinc, lead, gold, and silver [4]. - The company operates across the entire industry chain of nonferrous and precious metals, with a presence in both domestic and international markets, indicating a well-established industry foundation and initial international layout [4].