证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025－034 云南驰宏锌锗股份有限公司 第八届监事会第十六次会议决议公告 本公司监事会及全体监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个别及连带责任。 一、监事会会议召开情况 会议的召集和召开符合《公司法》《证券法》《上海证券交易所股票上市规则》 和《公司章程》等有关规定。 议1人：监事会主席彭捍东先生；以视频会议表决方式出席会议2人：监事刘鹏安 先生和职工监事李家方先生；以通讯表决方式出席会议1人：职工监事徐成东先 生。 二、监事会会议审议情况 经审议，监事会认为：公司 2025 年度中期利润分配预案符合《公司章程》 及《公司 2024 年—2026 年股东回报规划》的规定，符合公司和全体股东的利益， 有利于与全体股东分享公司发展的经营成果。 表决结果：同意 4 票，反对 0 票，弃权 0 票。 该事项尚需提交公司股东大会审议。 监事会对《公司 2025 年半年度报告》及其摘要进行认真审核后，提出如下 审核意见： （1）《公司 2025 年半年度报告》的编制和审议程序符合法律法规、《公司 ...

（文章来源：证券日报） 证券日报网讯 8月26日晚间，驰宏锌锗发布公告称，公司第八届董事会第二十四次会议审议通过了《关 于审议的议案》等多项议案。 ...

锌业股份公告，2025年上半年营业收入89.13亿元，同比增长23.92%。净利润6265.37万元，同比增长 99.07%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

驰宏锌锗公告，2025年上半年营业收入105.81亿元，同比增长7.67%。净利润9.32亿元，同比增长 3.27%。董事会建议公司2025年度中期利润分配预案为：以实施权益分派股权登记日登记的总股本为基 数，拟向全体股东每10股派发现金红利0.3元（含税）。 ...

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Zhuzhou Smelter Group Co., Ltd, including stock price movements and trading volumes [1][2] - As of August 26, the stock price of Zhuzhou Smelter Group increased by 2.03% to 13.56 CNY per share, with a total market capitalization of 14.548 billion CNY [1] - The company has seen a year-to-date stock price increase of 72.30%, with notable gains of 10.15% over the last five trading days and 33.99% over the last 60 days [1] Group 2 - Zhuzhou Smelter Group, established on December 20, 1993, and listed on August 30, 2004, primarily engages in the production and sale of zinc and zinc alloys, as well as industrial sulfuric acid [2] - The revenue composition of the company includes 38.48% from zinc and zinc alloys, 28.17% from other sources, and smaller contributions from gold ingots, silver ingots, lead and lead alloys, indium ingots, sulfuric acid, and non-ferrous metal trading [2] - As of August 8, the number of shareholders was 38,700, with an average of 19,426 circulating shares per shareholder, reflecting a slight decrease in shareholder count and a slight increase in average shares held [2] Group 3 - Zhuzhou Smelter Group has distributed a total of 388 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include various funds, with notable changes in holdings among several institutional investors [3]

Core Viewpoint - A-shares experienced a strong upward trend on August 25, with significant trading volume across major indices, indicating positive market sentiment and sector performance [1]. Market Performance - The three major A-share indices closed higher, with the Shanghai Composite Index at 3883.56 points, up 1.51%, and a trading volume of 1.36 trillion yuan [1]. - The Shenzhen Component Index closed at 12441.07 points, gaining 2.26%, with a trading volume of 1.78 trillion yuan [1]. - The ChiNext Index ended at 2762.99 points, increasing by 3.00%, with a trading volume of 866.16 billion yuan [1]. Sector Performance - Strong performing sectors included copper, liquor, lead-zinc, gold, mineral products, real estate, small metals, communication equipment, ordinary steel, and coke [1]. - Sectors that experienced adjustments included textile machinery, water utilities, and daily chemicals [1]. Concept Stocks - Notable concept stocks that saw significant gains included rare earth permanent magnets, CPO concept, liquor, and optical communication [1].

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Views of the Report - Last week, the main contract price of Shanghai lead futures was under pressure. The US economic data recovery, inflation concerns, and the Fed officials' suppression of interest - rate cut expectations led to a rebound in the US dollar, dragging down lead prices, but Powell's dovish speech at the Jackson Hole meeting improved interest - rate cut expectations and boosted lead prices [2][7][8]. - Fundamentally, the supply of lead concentrates remained tight, and the raw material inventory of electrolytic lead smelters in Henan and Hunan was low. Electrolytic lead showed a pattern of co - existence of reduction and resumption of production. The profit of secondary lead smelters was poor, and some reduced production due to losses. The battery consumption did not improve significantly, and the peak - season effect was insufficient [2][7][8]. - Overall, the interest - rate cut expectations improved, but the fundamentals were weak in both supply and demand. Supply was regionally tight, but consumption was lackluster, and inventories remained at a relatively high level. The LME inventory increase trend continued, putting pressure on lead prices. In the short term, lead prices are expected to remain volatile, and the inversion of refined and secondary lead prices provides some support [2][7][8]. Group 3: Summary by Directory 3.1 Transaction Data - From August 15th to August 22nd, the SHFE lead price decreased from 16,850 yuan/ton to 16,780 yuan/ton, a decrease of 70 yuan/ton; the LME lead price increased from 1,981 dollars/ton to 1,992 dollars/ton, an increase of 11 dollars/ton; the Shanghai - London ratio decreased from 8.51 to 8.42, a decrease of 0.08; the SHFE inventory decreased by 1,154 tons to 63,690 tons; the LME inventory increased by 11,950 tons to 273,050 tons; the social inventory increased by 0.35 million tons to 3.94 million tons; the spot premium remained at - 155 yuan/ton [5]. 3.2 Market Review - Last week, the main PB2509 contract of Shanghai lead futures continued to be under pressure and fluctuated narrowly, closing at 16,780 yuan/ton with a weekly decline of 0.42%. The LME lead price was weak due to the rising US dollar and inventory increase, but finally closed at 1,992 dollars/ton with a weekly increase of 0.56% [6]. - In the spot market, as of August 22nd, the prices of lead in Shanghai and Jiangsu - Zhejiang markets were at a discount to the SHFE 2509 contract. The downstream procurement enthusiasm was general, and the spot market trading was light [6]. - As of August 22nd, the LME weekly inventory was 273,050 tons, an increase of 11,950 tons; the SHFE inventory was 63,690 tons, a decrease of 1,154 tons. As of August 21st, the SMM five - region social inventory was 6.99 million tons, a decrease of 0.11 million tons from Monday and an increase of 0.19 million tons from the previous Thursday [7]. 3.3 Industry News - As of August 22nd, the average domestic lead concentrate processing fee was 400 yuan/metal degree, a decrease of 100 yuan/metal ton compared with the previous period; the average imported ore processing fee was - 90 dollars/dry ton, a decrease of 10 dollars/dry ton [9]. - In July, the import volume of lead concentrates was 122,300 tons, a month - on - month increase of 3.59% and a year - on - year increase of 28.35%. The cumulative import volume from January to July was 793,000 tons, a cumulative year - on - year increase of 30.68%. The export volume of refined lead and lead alloys in July was 4,199 tons, a month - on - month decrease of 13.04%, and the import volume of refined lead and lead products was 16,317 tons, a month - on - month increase of 42.1% [9]. 3.4 Related Charts - The report provides 14 related charts, including SHFE and LME lead prices, Shanghai - London ratio, inventory, lead ingot premium, price difference between primary and secondary lead, waste battery price, secondary lead enterprise profit, lead ore processing fee, electrolytic lead and secondary refined lead production, lead ingot social inventory, and refined lead import profit and loss [10][13][15][18][19][21].

Core Viewpoint - Huayu Mining's stock has shown significant growth this year, with a 90.06% increase, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - As of August 22, Huayu Mining's stock price reached 23.91 CNY per share, with a trading volume of 577 million CNY and a turnover rate of 3.00%, resulting in a total market capitalization of 19.605 billion CNY [1]. - The stock has experienced a 6.13% increase over the past five trading days, an 11.62% increase over the past 20 days, and a 44.38% increase over the past 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on March 10 [1]. Group 2: Financial Performance - For the period from January to March 2025, Huayu Mining reported a revenue of 261 million CNY, reflecting a year-on-year growth of 5.67% [2]. - The company has distributed a total of 281 million CNY in dividends since its A-share listing, with 55.626 million CNY distributed over the past three years [2]. Group 3: Shareholder Information - As of March 31, 2025, the number of Huayu Mining's shareholders increased by 7.64% to 65,700, while the average number of circulating shares per person decreased by 7.09% to 12,484 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder with 26.2301 million shares, marking its entry as a new shareholder [2].

Group 1 - The core viewpoint of the news is that Shengda Resources has shown a significant increase in stock price and trading activity, indicating positive market sentiment [1][2] - As of August 22, Shengda Resources' stock price rose by 2.05% to 16.45 CNY per share, with a total market capitalization of 11.35 billion CNY [1] - The company has experienced a year-to-date stock price increase of 38.35%, with a 3.65% rise over the last five trading days and a 25.10% increase over the last 60 days [1] Group 2 - As of August 8, the number of shareholders for Shengda Resources was 31,200, a decrease of 0.27% from the previous period, while the average circulating shares per person increased by 0.27% to 21,395 shares [2] - For the first quarter of 2025, Shengda Resources reported a revenue of 353 million CNY, reflecting a year-on-year growth of 33.92% [2] - The company has distributed a total of 1.298 billion CNY in dividends since its A-share listing, with 120 million CNY distributed over the past three years [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% against the market benchmark within the next six months [17]. Core Insights - The company reported a revenue of 10.4 billion yuan for H1 2025, representing a year-on-year increase of 14.9%, and a net profit attributable to shareholders of 585 million yuan, up 57.8% year-on-year [2]. - In Q2 2025, the company achieved a revenue of 5.61 billion yuan, a year-on-year increase of 21% and a quarter-on-quarter increase of 17%, with a net profit of 310 million yuan, up 46% year-on-year and 12% quarter-on-quarter [2]. - The report highlights a significant increase in gold and silver prices, with gold prices rising by 32% compared to 2024, and silver prices increasing by 16% [4]. Financial Performance Summary - Zinc product revenue for H1 2025 was 4 billion yuan, down 27.4% year-on-year, with a gross profit of 148 million yuan, down 51.8% year-on-year, and a gross margin of 3.7%, down 1.87 percentage points [3]. - Gold ingot revenue reached 1.451 billion yuan, up 36.5% year-on-year, with a gross profit of 294 million yuan, up 311% year-on-year, and a gross margin of 20.27%, up 13.54 percentage points [3]. - Silver ingot revenue was 1.115 billion yuan, up 26.36% year-on-year, with a gross profit of 207 million yuan, up 8% year-on-year, and a gross margin of 18.59%, down 3.16 percentage points [3]. - Lead product revenue was 818 million yuan, up 0.5% year-on-year, with a gross profit of 48 million yuan, up 17.96% year-on-year, and a gross margin of 5.84%, up 0.86 percentage points [3]. Profit Forecast and Valuation - The company is expected to achieve net profits attributable to shareholders of 1.208 billion yuan, 1.277 billion yuan, and 1.329 billion yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 11, 10, and 10 times, indicating good valuation attractiveness [4].