Group 1 - The core point of the news is that Western Mining Co., Ltd. experienced a decline of 5.01% in its stock price, reaching 22.77 CNY per share, with a trading volume of 542 million CNY and a turnover rate of 0.98%, resulting in a total market capitalization of 54.261 billion CNY [1] - Western Mining is primarily engaged in the mining, smelting, and trading of non-ferrous metals such as copper, lead, zinc, and iron, with 99.70% of its revenue coming from product sales [1] Group 2 - According to data, a fund under Bank of China Securities holds a significant position in Western Mining, with the Bank of China Value Selection Mixed Fund (002601) owning 212,100 shares, accounting for 3.67% of the fund's net value, making it the eighth largest holding [2] - The Bank of China Value Selection Mixed Fund has a total asset size of 127 million CNY and has achieved a year-to-date return of 30.39%, ranking 3002 out of 8223 in its category [2] Group 3 - The fund manager of the Bank of China Value Selection Mixed Fund is Lin Bocheng, who has been in the position for 7 years and 237 days, with a total asset size of 1.186 billion CNY, achieving a best return of 110.75% during his tenure [3] - Co-manager Zhao Yingfang has been in the role for 225 days, managing assets of 127 million CNY, with a best return of 28.74% during her tenure [3]

Core Viewpoint - Western Mining has successfully acquired the exploration rights for the Chating copper polymetallic mine in Anhui Province for 8.609 billion yuan, which is expected to enhance its resource reserves and industry position in the non-ferrous metals sector [1][3]. Group 1: Acquisition Details - The acquisition was led by the subsidiary Yulong Copper Industry, with preliminary research and subsequent planning conducted by Western Mining [1]. - The exploration rights were publicly auctioned by the Anhui Provincial Natural Resources Department on September 8, 2025, and the contract for the exploration rights is to be signed by November 27, 2025 [2]. - The funding for this acquisition will come from Yulong Copper's own resources, with no plans for issuing convertible bonds or additional stock [2]. Group 2: Resource Potential - The Chating copper polymetallic mine is recognized as a significant discovery with substantial deep exploration potential, classified as a large-scale copper-gold deposit [3]. - The mine has confirmed industrial-grade copper ore reserves of 122 million tons, with a metal content of 656,700 tons and an average grade of 0.54% [3]. - Additionally, there are low-grade copper ore reserves of 449 million tons, with a metal content of 1.0909 million tons and an average grade of 0.24% [3]. Group 3: Financial Performance - In the first three quarters of 2025, Western Mining reported a revenue of 48.4 billion yuan, a year-on-year increase of 31.90%, and a total profit of 5.964 billion yuan, up 12.39%, marking a historical high [3]. - The company experienced a 43% revenue growth due to increased production and sales in copper and lead smelting, although smelting processing fees remained at historical lows, impacting overall profits [4]. Group 4: Market Position - As of October 27, 2025, Western Mining's stock closed at 24.87 yuan per share, with a total market capitalization of 59.265 billion yuan [5].