"我们与河南金利金铅集团有限公司（以下简称金利集团）的合作始于2007年。"黄莫凡表示，从早期的鼓风炉起步，金利集 团已发展成为一家在节能环保和综合回收方面达到世界领先水平的标杆企业。金利集团所在的济源，是中国乃至亚洲的有色 金属产业高地。 【大河财立方 记者 张克瑶】9月26日，第十五届中国河南国际投资贸易洽谈会纳米有色金属新材料合作交流活动在郑州举 行。活动现场，嘉能可（北京）商业有限公司中国区铅锌部经理黄莫凡作主题发言。 黄莫凡表示，多年来，双方在资源利用、技术创新与绿色低碳等领域深度协同。金利集团依托济源在"富氧底吹"等国际领先 冶炼技术方面的积淀，以及从铅锌铜到金银、稀散金属的完整产业链，为我们提供了高水准的合作平台。 黄莫凡介绍，作为全球知名自然资源企业，嘉能可国际自1974年于瑞士成立以来，业务已遍及全球60多个国家，涵盖矿产、 能源、金属及农产品等多个领域。2024年，嘉能可国际总收入约2400亿美元，位列《财富》世界500强第24位。嘉能可国际 始终致力于推动全球资源的可持续开发与高效利用。 2024年，济源生产的电解铅、白银产量分别约占全国总产量的20.2%和23.8%，电解锌产量约占全国 ...

国家统计局发布报告显示，中国2025年8月铅产量为66.7万吨，同比增加3.7%。8月虽然国内部分冶炼企 业因检修、矿供应不足等原因减产，但华中、华北和华东等地区中大型电解铅冶炼企业检修后逐步恢 复， 电解铅产量增加。再生铅方面，部分冶炼企业因原料紧张、亏损严重出现减停产现象，但多地炼 厂陆续复产，加上新建产能释放，再生铅产量同样有所增加。展望9月，SMM表示，电解铅冶炼企业检 修增多，同时，东北、华北等地区电解铅冶炼企业检修后复产，抵消部分产量降幅。再生铅方面，华 东、华北地区仍有大型炼厂表示有减停产计划，叠加9·3阅兵期间华北废电瓶供应紧张，炼厂原料明显 补库或延至9月中旬，因此产量受限。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600531 证券简称：豫光金铅 公告编号：临2025-081 债券代码：110096 债券简称：豫光转债 河南豫光金铅股份有限公司 公司于2025年9月5日在《上海证券报》《中国证券报》《证券日报》及上海证券交易所网站 （http://www.sse.com.cn）披露了《河南豫光金铅股份有限公司关于召开2025年半年度业绩说明会的公 告》。 2025年9月16日上午9:00-10:00，公司总经理李新战先生、独立董事郑远民先生、财务总监苗红强先生、 董事会秘书李慧玲女士出席本次业绩说明会，与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回复。 二、投资者提出的主要问题及公司的回复情况 问题1：请问如何看待行业未来的发展前景？ 回复：尊敬的投资者，您好！公司所处的有色金属冶炼和压延加工业未来发展机遇与挑战并存。从具体 领域看，2025年有色金属方面，国内汽车及电动自行车高保有量为消费奠定基本盘，以旧换新政策利好 将提振铅蓄电池配套需求，叠加储能消费边际增加，终端消费有望保持韧性，预计全年有色金属价格以 宽幅震荡为主；贵 ...

Core Viewpoint - The report from the National Bureau of Statistics indicates that China's lead production in June 2025 reached 629,000 tons, reflecting a year-on-year increase of 0.5% [1] Production Trends - In late July, the lead price experienced a downward shift, leading to reduced production enthusiasm among electrolytic lead smelting enterprises. Some companies opted to cut production or delay the recovery of operations due to raw material shortages [1] - Unexpected maintenance in electrolytic lead smelting enterprises in Central China further contributed to a decline in lead production in July [1] Future Outlook - As of August, SMM reports that electrolytic lead smelting enterprises will gradually resume production after completing maintenance, with large enterprises in Central, Southwest, East, and North China expected to come back online [1] - A major lead recycling plant in Northwest China plans to halt production due to multiple factors including market downturn, raw material shortages, and water usage restrictions, marking a significant reduction in output for August [1]

Group 1 - Longhua New Materials' controlling shareholder plans to reduce holdings by up to 1% of the company's shares, amounting to a maximum of 4.3 million shares [1] - Qingdao Double Star reported a net loss of 186 million yuan in the first half of 2025, with revenue of 2.272 billion yuan, a year-on-year decrease of 0.31% [2] - Huakang Clean's controlling shareholder and chairman is under investigation and has been placed under detention, with the general manager temporarily taking over the chairman's responsibilities [4] Group 2 - Century Tianhong's controlling shareholder plans to reduce holdings by up to 3% of the company's shares, totaling a maximum of 10.9837 million shares [5] - Caesar Travel's shareholder plans to reduce holdings by up to 3% of the company's shares, with a maximum of 16.0379 million shares through various methods [7] - Zhang Xiaoqin's shareholder plans to reduce holdings by up to 540,100 shares, representing 0.36% of the total share capital after excluding repurchased shares [9] Group 3 - Zhenlei Technology's controlling shareholder plans to transfer 8.3052 million shares, accounting for 3.88% of the total share capital [11] - Hangxin Technology's borrowings increased by 201 million yuan, exceeding 20% of the net assets at the end of the previous year [12] - Aileda's three executives plan to collectively reduce holdings by up to 149,100 shares [13] Group 4 - Iceberg Refrigeration reported a net profit of 79.5411 million yuan in the first half of 2025, a year-on-year increase of 1.29% [14] - Jindan Technology's director plans to reduce holdings by 1.5 million shares, accounting for 0.66% of the total share capital [15] - Heshun Technology's shareholder plans to reduce holdings by up to 655,300 shares, representing 0.82% of the total share capital [18] Group 5 - Tianshi Technology's shareholder plans to reduce holdings by up to 5.928 million shares, accounting for 3% of the total share capital [19] - Yuhuang Jinlead plans to raise up to 400 million yuan through a private placement to its controlling shareholder [20] - China Shenhua reported coal sales of 24.3 million tons in July, a year-on-year decrease of 5.5% [21] Group 6 - Jialitu's controlling shareholder plans to reduce holdings by up to 541,800 shares, representing 1% of the total share capital [22] - Wanlin Logistics' controlling shareholder and related parties plan to reduce holdings by up to 599,200 shares, accounting for 1% of the total share capital [23] - Xueqi Electric plans to acquire 65% of Hefei Shengbang's equity for 47.45 million yuan [24] Group 7 - Wantong Development plans to invest 854 million yuan to acquire 62.98% of Shuduo Technology [26] - Ganhua Science and Technology plans to acquire 65% of Xi'an Ganxin Technology for 388 million yuan [28]

证券代码：600531 证券简称：豫光金铅 河南豫光金铅股份有限公司 2025 年度向特定对象发行股票预案 声 明 在虚假记载、误导性陈述或重大遗漏。 市公司证券发行注册管理办法》等法律、法规及规范性文件的要求编制。 责；因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 的声明均属不实陈述。 债券代码：110096 债券简称：豫光转债 河南豫光金铅股份有限公司 （住所：河南省济源市荆梁南街 1 号） 二零二五年八月 其他专业顾问。 项的实质性判断、确认、批准或核准，本预案所述本次向特定对象发行股票相关 事项的生效和完成尚需国有资产监督管理部门批准本次向特定对象发行股票方 案、公司股东会审议通过、上海证券交易所审核通过并经中国证监会同意注册后 方可实施。 特别提示 河南豫光金铅股份有限公司 2025 年度向特定对象发行股票预案 本部分所述词语或简称与本预案"释义"所述词语或简称具有相同含义。 届董事会第十九次会议审议通过。本次发行尚需获得国有资产监督管理部门批 准、公司股东会审议通过、经上海证券交易所审核并报中国证监会注册方可实施。 现金方式认购公司本次向特定对象发行的股份。本次发行构成关联交易，公司 ...

Group 1 - The stock price of Yuguang Gold Lead on August 12 was 8.50 yuan, down 0.05 yuan from the previous trading day, with a decline of 0.58% [1] - The opening price on the same day was 8.53 yuan, reaching a high of 8.54 yuan and a low of 8.44 yuan, with a trading volume of 240,200 hands and a transaction amount of 204 million yuan [1] - Yuguang Gold Lead's main business includes non-ferrous metal smelting and processing, with key products such as electrolytic lead, gold, and silver [1] Group 2 - On the evening of August 12, Yuguang Gold Lead announced that the fourth extraordinary general meeting of shareholders in 2025 approved the proposal to provide guarantees for related parties [1] - On August 12, the net outflow of main funds was 18.59 million yuan, with a cumulative net outflow of 89.49 million yuan over the past five days [1]

Core Insights - The China Commodity Price Index (CBPI) rose by 0.5% month-on-month in July 2025, marking three consecutive months of positive growth, indicating optimistic business expectations and overall market expansion [1][5] - The overall stability in the commodity market is supported by the implementation of "anti-involution" policies and increased macroeconomic counter-cyclical adjustment measures [5][7] - Despite the positive trends, global commodity price volatility and external uncertainties remain significant challenges for certain industries [1][5] Commodity Price Index Summary - The CBPI for July 2025 is reported at 111.4 points, with a month-on-month increase of 0.5% and a year-on-year decrease of 2.7% [3][6] - The black metal price index rebounded to 77.9 points, up 1.7% month-on-month, while the non-ferrous price index rose to 130.1 points, up 1.1% month-on-month [3][7] - The energy price index decreased to 96.7 points, down 0.6% month-on-month, and the chemical price index fell to 102.9 points, down 1.4% month-on-month [3][8] Sector-Specific Insights - In July, 32 out of 50 monitored commodities saw price increases, with lithium carbonate, industrial silicon, and coking coal rising by 10.2%, 9.8%, and 9.6% respectively [5][6] - The chemical sector experienced a decline, with methanol and cement prices dropping by 5% and 4.8% respectively, attributed to supply-demand imbalances and increased inventories [8][9] - The agricultural price index slightly decreased to 97.9 points, down 0.2% month-on-month, influenced by high temperatures and lower-than-expected summer consumption [8][9] Market Dynamics - The rebound in black metal prices is driven by improved market confidence and rising prices of raw materials like coking coal and coke [6][7] - The energy sector's decline is linked to seasonal production slowdowns and weaker downstream demand [7][8] - The mineral price index fell to 71.7 points, down 2.7% month-on-month, due to weak downstream demand and increased inventory pressures [9]

湖南白银主要从事有色金属冶炼及加工业务，产品包括白银、电解铅、黄金等。公司属于贵金属行业， 同时涉及小金属概念。 截至2025年7月31日收盘，湖南白银股价报4.47元，较前一交易日下跌0.19元。当日成交量为1252.45万 手，成交金额达5.61亿元。 当日主力资金净流出6920.15万元，占流通市值的0.7%。投资者需注意市场波动风险。 风险提示：投资有风险，入市需谨慎。 7月31日数据显示，湖南白银实施了股票回购操作，回购金额达930万元，回购数量为200万股。这一回 购行为显示出公司对自身发展的信心。 ...

Group 1: Report Title and Investment Rating - Report Title: "Shanghai Lead May Face Adjustment" [1] - Investment Rating: Not provided Group 2: Core View - The supply of primary and recycled lead is increasing, but the peak - season demand has not started yet. The supply - demand situation of lead is weakening marginally. With the loosening of waste battery costs, the pressure on high lead prices is increasing, and lead prices may face adjustment. Attention should be paid to the possibility of further improvement in demand later [7] Group 3: Fundamental Changes Processing Fees - In May 2025, China imported 103,900 tons of lead concentrates, a 6% month - on - month decrease. The domestic lead concentrate imports continued to decline month - on - month but remained at a moderately high level. The supply of domestic concentrates became more tense, and the processing fees of domestic and foreign lead concentrates continued to decline at a low level. In July, the domestic monthly processing fee was 400 - 700 yuan/ton, a month - on - month decrease of 50 yuan; the imported monthly processing fee was - 60 - - 30 US dollars/dry ton, a month - on - month decrease of 15 US dollars. The domestic weekly processing fee for lead ore was 400 - 700 yuan/ton, remaining flat week - on - week; the imported weekly processing fee was - 70 - - 40 US dollars/dry ton, also remaining flat week - on - week [3] Supply - In May 2025, the electrolytic lead output was 331,200 tons, a 3.53% month - on - month increase and a 14.7% year - on - year increase. In June (regular maintenance season), most enterprises planned to start maintenance after mid - June, and the reduction was obvious in late June. The output of recycled refined lead in May was 223,500 tons, significantly lower than expected, a 36.4% month - on - month decrease and a 16.5% year - on - year decrease. In June, the price of waste batteries rebounded, but the profit of recycled lead enterprises did not improve, and the scale of production reduction of recycled lead was still large. Last week, the operating rate of primary lead in three provinces decreased by 3.78 percentage points to 66.21% week - on - week. In July, some primary lead enterprises resumed production after maintenance, and the operating rate rebounded significantly this week. Last week, the weekly operating rate of recycled lead in four provinces was 34.62%, a 4.96 - percentage - point decrease week - on - week. Last week, the price of waste batteries increased with the rising lead price, and the profit of recycled lead improved. This week, the price of waste batteries fluctuated slightly downward, and the profit of recycled lead continued to recover. Some recycled lead enterprises were more willing to resume production, and the supply of recycled lead was expected to gradually increase. Recently, the internal - external price ratio fluctuated at a low level, and the lead ingot import window remained closed [4] Consumption - Last week, the weekly comprehensive operating rate of lead - acid battery enterprises in five provinces decreased week - on - week. At the end of the year, many large enterprises closed their accounts and reduced or stopped production. The willingness of dealers to take delivery was average during the week. Battery factories actively reduced prices to destock, but the effect was not good. The operating rate of large lead - acid battery enterprises was 63%, slightly lower than the previous week. The inventory of finished batteries was 30 days, and the inventory of raw material lead ingots was 4 days. The operating rate of small and medium - sized battery factories was 60 - 65%, the inventory of finished batteries was 21 days, and the raw material inventory was 4 days. This week, the rainy season ended in many places, and battery enterprises that reduced production at the end of the year resumed production. However, it was currently in the transition period between the off - season and the peak - season, and the peak - season demand had not started yet. Market dealers reported that orders were poor and the willingness to replenish inventory was low [5] Spot and Inventory - As of the week ending June 27, the premium of the domestic lead spot to the active month's contract decreased, and the premium was 35 yuan at the weekend. The discount of the LME lead spot narrowed slightly, and the discount was 22.14 US dollars at the end of last week. As of the week ending June 27, the weekly inventory of LME lead decreased by 10,650 tons to 273,400 tons. Although the inventory decreased significantly from a high level, it was still at an absolute high level in the past five years. The weekly inventory of SHFE lead increased by 638 tons to 51,900 tons. As of June 30, the domestic social inventory was 52,300 tons, and the inventory was gradually accumulating. Currently, the social inventory was at a moderately low level [6] Group 4: Market Outlook and Strategy - Last week, the LME lead inventory decreased significantly from a high level but remained at an absolute high level in the past five years. The spot discount narrowed slightly, and the supply - demand of overseas lead remained relatively loose. In May, the import volume of lead concentrates continued to decline month - on - month but was still higher than the same period in previous years. The monthly processing fees of domestic and foreign lead ores further declined at a low level, and the expectation of tight supply of lead concentrates intensified. In July, many primary lead enterprises resumed production after maintenance. The price of waste batteries loosened, the profit of recycled lead enterprises was recovering, and the willingness of recycled lead enterprises to resume production was high. It was expected that the short - term tight supply situation of lead would ease. This week, the rainy season ended in many places, and battery enterprises that reduced production at the end of the year resumed production. However, it was currently in the transition period between the off - season and the peak - season, and the peak - season demand had not started yet. Market dealers reported that orders were poor and the willingness to replenish inventory was low, and the spot was quoted at a discount. Overall, the supply of primary and recycled lead increased, the peak - season demand had not started yet, the supply - demand situation of lead weakened marginally, and with the loosening of waste battery costs, the pressure on high lead prices increased, and lead prices may face adjustment. Attention should be paid to the possibility of further improvement in demand later [7]