南财智讯1月29日电，罗平锌电发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润 为-16,500万元—-19,500万元，同比预减109.24%—147.29%；预计2025年全年归属于上市公司股东的扣 除非经常性损益的净利润为-16,500万元—-13,500万元。本报告期，德荣矿业金坡铅锌矿《采矿许可 证》到期停产时间较长，导致锌精矿自产量较上年同期下浮较大，增加了公司外购原料比例；2025年锌 精矿市场整体供应偏紧，公司报告期内锌精矿采购单价上涨，导致公司锌产品毛利下降较大；同时进口 原料矿点价结算增加了亏损。本报告期，联营企业亏损导致确认的投资收益同比减少。本报告期，子公 司向荣矿业补缴税款；下属三家子公司（向荣矿业、德荣矿业、宏泰矿业）存在越界开采被处罚，减少 当期净利润。综上原因共同导致本报告期归属于上市公司股东的净利润为负值，且亏损同比增加。 ...

2020-2025年1-11月中国铅产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：豫光金铅（600531），紫金矿业（601899），西部矿业（601168），驰宏锌锗（600497）， 罗平锌电（002114），中金岭南（000060），盛达资源（000603），国城矿业（000688），中色股份 （000758） 相关报告：智研咨询发布的《2026-2032年中国铅合金行业市场供需态势及前景战略研判报告》 根据国家统计局数据显示：2025年11月中国铅产量为70.5万吨，同比增长7.8%；2025年1-11月中国铅累 计产量为702.1万吨，累计增长2.4%。 ...

（文章来源：证券日报） 证券日报网讯 12月11日，中金岭南在互动平台回答投资者提问时表示，公司主要是根据自身战略发展 方向以及行业发展趋势来开展业务，未来将依据行业前景、公司战略发展规划等方面综合考虑未来的投 资计划及开采计划，请持续关注公司公告。 ...

Core Viewpoint - The report highlights the trends and future outlook of the lead industry in China, indicating a slight decline in lead production in 2025 compared to the previous year [1] Industry Summary - In October 2025, China's lead production is projected to be 645,000 tons, representing a year-on-year decrease of 2.4% [1] - Cumulative lead production from January to October 2025 is expected to reach 6,357,000 tons, showing a slight increase of 0.3% compared to the same period in the previous year [1] Company Summary - Listed companies in the lead industry include: Yuguang Gold Lead (600531), Zijin Mining (601899), Western Mining (601168), Chihong Zn & Ge (600497), Luoping Zinc Electric (002114), Zhongjin Lingnan (000060), Shengda Resources (000603), Guocheng Mining (000688), and China Nonferrous Metal Industry (000758) [1]

（文章来源：证券日报） 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，公司业绩情况请关注公司后 续定期报告。 ...

Core Viewpoint - The company, Zhongjin Lingnan, emphasizes that its bond financing activities are neutral market-oriented arrangements, and the impact on stock prices should be assessed in conjunction with the type of bonds, the purpose of the funds, and the company's operational realities [1] Group 1: Bond Financing - The recent issuance of technology innovation bonds, ultra-short-term financing bonds, and previous convertible bonds are aimed at meeting the financing needs aligned with business development [1] - The funds raised through bond financing are directed towards real projects or optimizing the financial structure, supporting core business expansions such as mineral resource development and technological upgrades [1] Group 2: Long-term Impact - Long-term, the bond financing is expected to lower financing costs and enhance operational stability, providing fundamental support for the company's performance growth and stock price stability [1]

Core Viewpoint - The company emphasizes its recent refinancing arrangements and domestic and international project layouts aimed at optimizing resource allocation, improving the industrial chain, and enhancing future competitiveness [1] Group 1 - The company has ongoing projects that are in the construction or capacity ramp-up stages, which contribute to profits in a cyclical and phased manner [1] - As related work progresses, it will help solidify the company's business foundation and improve its operational system, supporting long-term development [1] - The company will continue to enhance operational efficiency and steadily advance key project construction and production capacity [1] Group 2 - The company commits to disclosing relevant progress in its regular reports as per regulations [1] - The company encourages stakeholders to maintain interest in its long-term development [1]

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，公司管理层一直关注并做 好经营各项工作，提高公司盈利能力，实现公司稳定健康快速地发展。公司坚定实施创新驱动发展战 略，围绕企业生产实际，坚持问题导向、目标导向，面向生产经营主战场，面向节能低碳技术研发，聚 焦铅锌铜银镓锗等有价金属综合回收、新材料研发等领域，大力推进关键核心技术攻坚，推动创新链产 业链深度融合，厚植高质量发展新优势。 （编辑 袁冠琳） ...

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core Views - **Lead Market**: The lead price is under pressure due to potential weakening of raw - material support and improved supply tightness. It is recommended to hold previous short positions [1]. - **Zinc Market**: The zinc market fundamentals are weak in the short - term, and the zinc price may be under pressure. In the medium - term, the zinc price has some support at the lower end. It is advisable to hold previous short positions and use range - bound trading strategies [1]. 3. Summary by Related Catalogs **Lead Market Data** - **Price**: SMM1 lead ingot average price is 17,100 yuan/ton, down 0.29%; Shanghai lead futures main contract closing price is 17,250 yuan/ton, up 0.12%; LME3 - month lead futures closing price is 2,027 dollars/ton, unchanged; the Shanghai - London lead price ratio is 8.51, up 0.12% [1]. - **Spread**: Shanghai lead basis is - 150 yuan/ton, down 70 yuan; LME0 - 3 lead is at a discount of 28.21 dollars/ton; LME3 - 15 lead is at a discount of 85.10 dollars/ton, up 1.20 dollars [1]. - **Trading Volume and Open Interest**: Futures active contract trading volume is 46,208 lots, down 16.09%; open interest is 63,895 lots, down 7.57%; trading volume to open interest ratio is 0.72, down 9.22% [1]. - **Inventory**: LME lead inventory is 264,475 tons, unchanged; Shanghai lead warehouse receipt inventory is 31,206 tons, down 4.54% [1]. **Zinc Market Data** - **Price**: SMM1 zinc ingot average price is 22,350 yuan/ton, up 0.45%; Shanghai zinc futures main contract closing price is 22,420 yuan/ton, up 0.49%; LME3 - month zinc futures closing price is 2,990.5 dollars/ton, unchanged; the Shanghai - London zinc price ratio is 7.50, up 0.49% [1]. - **Spread**: Shanghai zinc basis is - 70 yuan/ton, down 10 yuan; LME0 - 3 zinc is at a premium of 129.76 dollars/ton; LME3 - 15 zinc is at a premium of 40.72 dollars/ton, down 3.38 dollars [1]. - **Trading Volume and Open Interest**: Futures active contract trading volume is 91,247 lots, down 2.38%; open interest is 67,487 lots, down 18.02%; trading volume to open interest ratio is 1.35, up 19.09% [1]. - **Inventory**: LME zinc inventory is 45,075 tons, unchanged; Shanghai zinc warehouse receipt inventory is 75,314 tons, down 1.92% [1]. **Industry News** - **Lead**: Endeavor silver - zinc mine restarted ore hoisting and grinding operations on November 15th and shifted to continuous shift production. Silver - lead concentrate transportation is ongoing for a scheduled shipment in early December [1]. - **Zinc**: Multiple polymetallic ore mining and beneficiation projects in Dong Ujimqin Banner, Inner Mongolia, have obtained construction land approvals and are ready to start, while the relevant procedures of the Diyanchinaamu molybdenum polymetallic ore project are progressing orderly [1]. **Fundamentals Analysis** - **Lead**: There is no expected increase in lead concentrate imports, and processing fees are likely to rise. Some refineries have maintenance plans, and the start - up of primary lead fluctuates slightly. The start - up of secondary lead is affected by different factors in different regions. Demand from lead - acid battery enterprises has increased [1]. - **Zinc**: Refineries are actively purchasing domestic zinc ores, and the domestic ore supply is tight with processing fees expected to decline further. Refinery production is expected to remain around 600,000 tons per month, while demand is weak [1].

Group 1 - The core point of the article highlights that Jinhui Co., Ltd. experienced a stock price increase of 3.76%, closing at 15.17 yuan on November 17, with a significant block trade involving 2 million shares worth 29.74 million yuan [1] - The first transaction was executed at a price of 14.87 yuan for 2 million shares, resulting in a premium rate of -1.98%, with the buyer being CITIC Securities Co., Ltd. headquarters and the seller being CITIC Securities Co., Ltd. Gansu branch [1] - Over the past three months, Jinhui Co., Ltd. has recorded a total of 8 block trades, accumulating a transaction value of 166 million yuan, and the stock has risen by 9.61% in the last five trading days, with a net inflow of 28.77 million yuan from major funds [1]