（编辑 袁冠琳） 证券日报网讯 中金岭南11月21日发布公告，在公司回答调研者提问时表示，公司全面落实"攀高计划 2.0"部署，积极应对铅锌铜精矿供应紧张、冶炼企业加工费下行等不利形势，启动降本增效专项行动， 从增量增效、提质增效、降本增效、创新增效、协同增效、安全降本六个维度制定了20余项重点举措， 全力以赴提高经济效益。上半年，公司实现营业收入310.89亿元，同比增长1.54%；实现归属于母公司 股东的净利润5.59亿元，同比增长3.12%。2025年前三季度实现营业收入484.59亿元，同比增长 11.79%；归属于上市公司股东的净利润为8.41亿元，同比增长5.18%。 ...

Core Viewpoint - The company, Yuguang Gold Lead (600531.SH), has received a notification from the Jiyuan State-owned Assets Supervision and Administration Commission regarding the transfer of shares to Henan Yugong Group, which will result in Yuguang Gold Lead's second-largest shareholder [1][2] Summary by Sections Share Transfer Details - The Jiyuan State-owned Assets Supervision and Administration Commission has decided to transfer 54,512,132 shares of Yuguang Gold Lead from the investment group to Henan Yuguang Group without compensation [1] - After the transfer, the investment group will hold 20,640,000 shares, representing 1.86% of Yuguang Gold Lead's total share capital, while Henan Yuguang Group will directly hold 54,512,132 shares, accounting for 4.90% of the total [1] Shareholder Structure - Post-transfer, the combined control of Yuguang Gold Lead by Henan Yuguang Group and its subsidiary investment group will amount to 6.76% of the total shares, making it the second-largest shareholder of the company [1] - The transfer will not result in any changes to the company's controlling shareholder or actual controller [2]

Core Viewpoint - The announcement reveals a significant change in the shareholding structure of Yuguang Gold Lead, with the transfer of shares from Jiyuan Investment Group to Henan Yugong Group, impacting the company's ownership dynamics [1] Shareholding Changes - Jiyuan Investment Group holds 75.1521 million shares of Yuguang Gold Lead, accounting for 6.76% of the total share capital [1] - Following the transfer, Jiyuan Investment Group will retain 20.64 million shares, representing 1.86% of the total share capital [1] - Henan Yuguong Group will directly hold 54.5121 million shares, which is 4.90% of the total share capital, and will indirectly control an additional 20.64 million shares through its subsidiary, Jiyuan Investment Group, totaling 6.76% control of Yuguang Gold Lead [1]

Group 1: Report Industry Investment Rating - No information provided in the report Group 2: Report's Core View - The lead price is under pressure above due to weak downstream purchasing enthusiasm at high prices, improved refinery profits, and better supply tightness. The previous short positions should be held, and continuous attention should be paid to the impact of raw materials on refinery operations [1] - The zinc market fundamentals remain weak, and the zinc price may be under short - term pressure. In the medium - term, the fourth - quarter ore supply will tighten, providing some support to the zinc price. The trading strategy is to hold previous short positions and conduct range trading, while remaining vigilant about potential risks [1] Group 3: Summary by Related Catalogs Lead - **Price Movement**: On the previous trading day, the average price of SMM1 lead ingots decreased by 0.72% compared to the previous day, and the closing price of the main contract of Shanghai lead futures also dropped by 0.72% [1] - **Fundamentals**: There is no expected increase in lead concentrate imports, processing fees are likely to rise, but it has no substantial impact on refinery operations. Some refineries have maintenance plans. In the secondary lead sector, operations in Anhui recovered and climbed after resuming production, while those in Henan declined due to environmental protection. The terminal market improved, and the demand for lead batteries increased [1] - **Supply - demand Situation**: Downstream purchasing enthusiasm weakened at high lead prices, refinery profits improved, and the supply shortage improved [1] - **Trading Strategy**: Hold previous short positions [1] Zinc - **Price Movement**: On the previous trading day, the average price of SMM1 zinc ingots decreased by 0.36% compared to the previous day, and the main contract of Shanghai zinc futures dropped by 0.69%. The zinc ingot premium in Shanghai increased by 30 yuan/ton to 20 yuan/ton, while that in Tianjin increased by 20 yuan/ton to - 30 yuan/ton, and that in Guangdong decreased by 5 yuan/ton to - 55 yuan/ton [1] - **Fundamentals**: Refineries actively purchased domestic zinc ores, the domestic ore supply was tight, and processing fees were expected to decline. The refinery profit and production enthusiasm improved, and the monthly output was expected to remain around 600,000 tons. The demand was weak, and some downstream operations were affected by cold weather and environmental protection [1] - **Supply - demand Situation**: The zinc market fundamentals were weak in the short - term, and the zinc price may be under pressure. In the medium - term, the tightening of ore supply will support the zinc price [1] - **Trading Strategy**: Hold previous short positions and conduct range trading [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： ● 河南豫光金铅股份有限公司（以下简称"公司"）股票自2025年10月27日至2025年11月14日，已有十五 个交易日的收盘价不低于"豫光转债"当期转股价格5.95元/股的130%，即不低于7.74元/股。根据《河南 豫光金铅股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 约定，已触发"豫光转债"的有条件赎回条款。 ● 公司于2025年11月14日召开第九届董事会第二十五次会议，审议通过《关于提前赎回"豫光转债"的议 案》，公司董事会决定行使"豫光转债"的提前赎回权，按照债券面值加当期应计利息的价格对赎回登记 日登记在册的"豫光转债"全部赎回。 ● 投资者所持"豫光转债"除在规定时限内通过二级市场继续交易或按照5.95元/股的转股价格进行转股 外，仅能选择以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面临较大投资损 失。 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意河 ...

Core Viewpoint - Henan Yuguang Gold Lead Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding the specified threshold, leading to a decision for early redemption of the bonds [2][8][9] Group 1: Convertible Bond Issuance and Terms - The company issued 7.1 million convertible bonds with a total amount of 710 million yuan, with a maturity period from August 12, 2024, to August 11, 2030, and a tiered interest rate structure [3][4] - The initial conversion price was set at 6.17 yuan per share, which was later adjusted to 5.95 yuan per share due to a rights distribution [5] Group 2: Redemption Conditions and Triggering Events - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days [7][8] - From October 27, 2025, to November 14, 2025, the stock price met the criteria for triggering the redemption clause [2][8] Group 3: Decision on Early Redemption - The company's board of directors approved the early redemption of the convertible bonds to reduce financial costs and optimize the capital structure [9] - The redemption will occur at the face value plus accrued interest for all registered bondholders on the redemption date [9]

（文章来源：证券日报） 证券日报网讯 11月14日晚间，豫光金铅发布公告称，公司于2025年11月14日召开第九届董事会第二十 五次会议，审议通过《关于提前赎回"豫光转债"的议案》，公司董事会决定行使"豫光转债"的提前赎回 权，按照债券面值加当期应计利息的价格对赎回登记日登记在册的"豫光转债"全部赎回。投资者所 持"豫光转债"除在规定时限内通过二级市场继续交易或按照5.95元/股的转股价格进行转股外，仅能选择 以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面临较大投资损失。 ...

证券日报网讯豫光金铅11月14日在互动平台回答投资者提问时表示，2025年1-9月份，公司实现营业收 入348.55亿元，同比上涨20.12%；实现利润总额7.86亿元，同比增长13.10%；归属于上市公司股东的净 利润6.21亿元，同比增长11.99%。公司坚持以创效为中心，不断优化生产模式，持续推进效益化生产， 公司四季度经营情况请关注公司后续披露的2025年年度报告。 （文章来源：证券日报） ...

Group 1 - The company, Zhuhai Group (600961.SH), stated that indium and antimony are by-products of the lead-zinc smelting system, and their production levels depend on the raw material content structure [1] - Prices for these by-products are market-driven and influenced by raw material availability and existing production capacity, indicating limited potential for production increases [1]

（记者 曾健辉） 每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘您好，请问。贵司2025年已经获得的国家 再生铅财政补贴有多少啊？还有其他国家补贴可以领取么？ 豫光金铅（600531.SH）11月14日在投资者互动平台表示，尊敬的投资者，您好！根据相关政策规定， 公司利用废旧电池生产的铅金属，对外销售实现的增值税实行即征即退50%的优惠政策；利用废塑料等 生产的改性再生专用料，对外销售实现的增值税实行即征即退70%的优惠政策。同时利用废旧电池生产 的铅金属对外销售取得的收入，享受所得税优惠政策，在计算应纳税所得额时，减按90％计入当年收入 总额。 ...