Core Viewpoint - The announcement from Yuguang Jinlan indicates significant changes in share pledges by its controlling shareholder, which may impact the company's financial stability and market perception [1] Group 1: Shareholding and Pledge Information - Yuguang Jinlan's controlling shareholder, Henan Yuguang Group Co., Ltd., holds approximately 323 million shares, accounting for 29.61% of the total share capital [1] - After the release of the pledge and the extension of the repurchase, the total number of pledged shares by Yuguang Group is 58 million, representing 17.97% of its total holdings and 5.32% of the company's total share capital [1] Group 2: Revenue Composition - For the year 2024, Yuguang Jinlan's revenue composition is as follows: non-ferrous metals account for 49.24%, precious metals for 46.1%, other industries for 2.45%, chemicals for 2.02%, and other businesses for 0.19% [1] Group 3: Market Capitalization - As of the report, Yuguang Jinlan's market capitalization stands at 13.9 billion yuan [1]

本公司董事会及全体董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法律责任。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025年10月16日 (二)股东会召开的地点：河南豫光金铅股份有限公司310会议室（河南省济源市荆梁南街1号） (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议采用现场投票与网络投票相结合的方式召开及表决。会议由公司董事会召集，董事长赵金刚先 生主持。会议的召集和召开程序符合《公司法》《公司章程》的规定。 (五)公司董事和董事会秘书的出席情况 1、公司在任董事9人，出席9人； 2、董事会秘书出席了本次会议；其他高管列席了本次会议。 二、议案审议情况 表决情况： ■ (二)关于议案表决的有关情况说明 无 三、律师见证情况 1、本次股东会见证的律师事务所：北京市君致律师事务所 律师：邓文胜、王晓 2、律师见证结论意见： (一)非累积投票议案 1、议案名称：关于增加2025年度公司商 ...

（记者 王瀚黎） 每经AI快讯，有投资者在投资者互动平台提问：最近贵金属钯的涨势很好，请问公司有没有钯产品， 产量有多少？ 豫光金铅（600531.SH）10月15日在投资者互动平台表示，公司在生产经营中涉及钯产品，该产品系公 司冶炼环节的副产品，其年度产量主要取决于当期采购铅铜矿原料中钯元素的实际含量。 ...

每经AI快讯，有投资者在投资者互动平台提问：董秘您好。公司上半年黄金产量没有达到预期目标15 吨的一半，下半年会不会增加产量达标？ 豫光金铅（600531.SH）10月15日在投资者互动平台表示，尊敬的投资者，您好！公司2025年度黄金生 产经营目标为15吨，目前正按全年生产计划推进相关工作，下半年黄金产量将依据既定计划有序组织。 （文章来源：每日经济新闻） ...

Report Summary 1) Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2) Core Viewpoints - For lead, the supply - tight situation has improved, some demand was released in September, and there is a large inventory build - up pressure. With the resurgence of tariff disturbances, lead prices may face pressure again. The trading strategy is to wait and see [1]. - For zinc, overseas LME zinc inventories are at an absolute low, and the LME 0 - 3 back structure deepens, providing some support for zinc prices. However, the fundamentals of Shanghai zinc remain weak, and with the resurgence of tariff disturbances and strong macro - risk aversion sentiment, non - ferrous metals may face pressure again. The trading strategy is also to wait and see [1]. 3) Summary by Related Catalogs Lead - **Price and Market Data** - SMM1 lead ingot average price was 16,925 yuan/ton, up 0.74% [1]. - Shanghai lead futures main contract closed at 17,140 yuan/ton, up 0.15% [1]. - Shanghai lead basis was - 215 yuan/ton, up 100 yuan/ton [1]. - LME 0 - 3 lead premium was - 75.20 dollars/ton, with a change of - 6.90 [1]. - Futures active contract volume was 36,308 hands, down 9.68%; open interest was 44,795 hands, up 9.05%; volume - to - open - interest ratio was 0.81, down 17.18% [1]. - LME lead inventory was 237,000 tons, unchanged; Shanghai lead warehouse receipt inventory was 30,068 tons, unchanged [1]. - LME 3 - month lead futures (electronic) closed at 2,014.50 dollars/ton, down 0.30%; Shanghai - London lead price ratio was 8.51, up 0.44% [1]. - **Industry News** - From October 2nd to 9th, SMM primary lead enterprise weekly operating rate was 68.47%, unchanged; secondary lead enterprise weekly operating rate was 34%, up 5.6 percentage points; lead - acid battery enterprise weekly operating rate was 61.71%, up 6.58 percentage points [1]. - A Hunan electrolytic lead smelter planned a 11 - day production maintenance in October, with an expected reduction of 2,000 - 2,400 tons in October electrolytic lead output [1]. Zinc - **Price and Market Data** - SMM1 zinc ingot average price was 22,230 yuan/ton, up 0.72% [1]. - Shanghai zinc futures main contract closed at 22,270 yuan/ton, down 0.20% [1]. - Shanghai zinc basis was - 40 yuan/ton, up 205 yuan/ton [1]. - LME 0 - 3 zinc premium was 100.45 dollars/ton, up 33.65 [1]. - Futures active contract volume was 174,778 hands, up 27.36%; open interest was 106,534 hands, down 5.93%; volume - to - open - interest ratio was 1.64, up 35.39% [1]. - LME zinc inventory was 37,950 tons, unchanged; Shanghai zinc warehouse receipt inventory was 60,644 tons, up 3.02% [1]. - LME 3 - month zinc futures (electronic) closed at 2,984.50 dollars/ton, down 0.98%; Shanghai - London zinc price ratio was 7.46, up 0.78% [1]. - **Industry News** - From October 2nd to 9th, galvanized enterprise weekly operating rate was 46.82%, down 1.83 percentage points; die - cast zinc alloy enterprise weekly operating rate was 46.51%, down 0.35 percentage points; zinc oxide enterprise weekly operating rate was 56.08%, down 1.24 percentage points [1]. - On October 10th, LME 0 - 3 zinc premium was 100.45 dollars/ton, and open interest was 220,239 hands, down 54 hands [1].

豫光金铅（600531.SH）10月10日在投资者互动平台表示，公司生产的黄金、白银，均为铅铜冶炼过程 中综合回收的副产品。为平抑贵金属价格波动对经营业绩的潜在影响、保障公司稳健运营，公司会通过 开展适当比例的套期保值业务，有效防范价格波动风险，实现经营的稳定性。 每经AI快讯，有投资者在投资者互动平台提问：进入三季度以来，金银铜期货价格涨幅可观，公司金 银铜相关产品能否完全享受涨价带来的额外收益？ （文章来源：每日经济新闻） ...

Core Points - The announcement details the transfer of 100% equity of Henan Yuguang Group Co., Ltd. to the Jiyuan Urban Integration Demonstration Zone State-owned Assets Supervision and Administration Bureau without compensation [1] - The company has completed the registration of the change in business operations, confirming that the controlling shareholder and actual controller remain unchanged [2] Group 1 - The indirect controlling shareholder's state-owned equity has been transferred to the Jiyuan State-owned Assets Bureau [1] - The name of the controlling shareholder has been changed to "Henan Yuguang Group Co., Ltd." [1] - The company’s controlling shareholder remains Yuguang Group, and the actual controller is still the Jiyuan State-owned Assets Bureau [2]

Group 1 - The company, Yuguang Gold Lead, announced on the evening of September 25 that it has no overdue external guarantees [2]

Core Viewpoint - The company is currently in the pilot testing phase for its high-purity metal materials, specifically focusing on the production of 7N ultra-pure metals as intermediates, which are not for sale [1] Group 1 - The company has successfully prepared 7N ultra-pure products of tellurium, cadmium, and indium [1] - The company is in the process of connecting with downstream customers for product trials [1] - Future production will be scaled up based on the progress of pilot testing and market conditions [1]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Views of the Report - The market's optimistic sentiment has cooled as the positive impact of the Fed's rate cut has materialized. The fundamentals are expected to show a situation of both supply and demand increasing. Primary lead smelters will resume production in the second half of the month, and some secondary lead smelters will resume production due to profit recovery, leading to an expected increase in supply. At the same time, the pre - holiday stocking demand of downstream enterprises has improved, and purchases have increased. With multiple factors at play, it is expected that lead prices will remain volatile at high levels in the short term, and there may be a slight adjustment after the downstream stocking ends [3][7] Group 3: Summary by Directory Transaction Data - From September 12th to September 19th, the SHFE lead price rose from 17,040 yuan/ton to 17,150 yuan/ton, an increase of 110 yuan/ton; the LME lead price fell from 2,019 dollars/ton to 2,003 dollars/ton, a decrease of 16 dollars/ton; the Shanghai - London ratio increased from 8.44 to 8.56, an increase of 0.12; the SHFE inventory decreased by 9,229 tons to 57,332 tons; the LME inventory decreased by 9,275 tons to 220,300 tons; the social inventory increased by 0.35 million tons to 3.94 million tons; the spot premium increased by 10 yuan/ton to - 115 yuan/ton [4] Market Review - Last week, the main contract of SHFE lead switched to PB2511, and the futures price fluctuated narrowly at a high level, closing at 17,180 yuan/ton, a weekly increase of 0.76%. LME lead fluctuated sideways around 2,000 dollars/ton, closing at 2,003 dollars/ton, a weekly decrease of 0.79%. In the spot market, the supply of goods was limited, and holders held firm on prices. Downstream enterprises mainly made purchases based on rigid demand and preferred to buy directly from smelters [5] Industry News - In the week of September 12th, the average domestic lead concentrate processing fee remained unchanged at 350 yuan/metal ton compared with the previous week, while the average imported lead concentrate processing fee decreased by 10 dollars/dry ton to - 100 dollars/dry ton [8] Related Charts - The report includes multiple charts showing the trends of SHFE and LME lead prices, Shanghai - London ratio, inventory, lead ingot premium, price difference between primary and secondary lead, waste battery prices, secondary lead enterprise profits, lead ore processing fees, electrolytic lead and secondary refined lead production, lead ingot social inventory, and refined lead import profit and loss [10][13][17][20][21]