9月5日，驰宏锌锗盘中上涨2.04%，截至14:04，报6.01元/股，成交5.14亿元，换手率1.72%，总市值 302.93亿元。 资金流向方面，主力资金净流入220.14万元，特大单买入7025.56万元，占比13.68%，卖出3969.05万 元，占比7.73%；大单买入1.18亿元，占比22.98%，卖出1.46亿元，占比28.51%。 责任编辑：小浪快报 驰宏锌锗所属申万行业为：有色金属-工业金属-铅锌。所属概念板块包括：小金属、稀缺资源、融资融 券、新材料、有色锌等。 截至6月30日，驰宏锌锗股东户数16.95万，较上期减少1.26%；人均流通股30035股，较上期增加 1.28%。2025年1月-6月，驰宏锌锗实现营业收入105.81亿元，同比增长7.67%；归母净利润9.32亿元，同 比增长3.27%。 分红方面，驰宏锌锗A股上市后累计派现73.44亿元。近三年，累计派现19.81亿元。 机构持仓方面，截止2025年6月30日，驰宏锌锗十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股8893.56万股，相比上期增加864.53万股。南方中证500ETF（510500）位居第五大 ...

9月5日，豫光金铅盘中上涨2.06%，截至09:59，报9.92元/股，成交1.52亿元，换手率1.42%，总市值 108.15亿元。 分红方面，豫光金铅A股上市后累计派现13.38亿元。近三年，累计派现5.48亿元。 资金流向方面，主力资金净流出327.52万元，特大单买入212.91万元，占比1.40%，卖出387.15万元，占 比2.54%；大单买入2394.55万元，占比15.72%，卖出2547.83万元，占比16.73%。 机构持仓方面，截止2025年6月30日，豫光金铅十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股3410.12万股，相比上期增加621.90万股。南方中证1000ETF（512100）位居第六大流通股 东，持股705.22万股，相比上期增加134.61万股。招商量化精选股票发起式A（001917）位居第八大流 通股东，持股488.00万股，为新进股东。黄金股ETF（517520）位居第九大流通股东，持股482.22万 股，为新进股东。万家战略发展产业混合A（010611）退出十大流通股东之列。 豫光金铅今年以来股价涨60.13%，近5个交易日涨10.10%，近20 ...

9月4日，豫光金铅盘中下跌2.08%，截至11:13，报9.89元/股，成交4.89亿元，换手率4.45%，总市值 107.83亿元。 资金流向方面，主力资金净流出129.36万元，特大单买入2697.17万元，占比5.51%，卖出3833.78万元， 占比7.84%；大单买入1.25亿元，占比25.62%，卖出1.15亿元，占比23.56%。 豫光金铅今年以来股价涨59.64%，近5个交易日涨8.56%，近20日涨14.87%，近60日涨29.20%。 资料显示，河南豫光金铅股份有限公司位于河南省济源市荆梁南街1号，成立日期2000年1月6日，上市 日期2002年7月30日，公司主营业务涉及有色金属冶炼及经营,化工原料的销售;贵金属冶炼;金银制品销 售。主营业务收入构成为：铜产品27.63%，银产品25.45%，铅产品21.62%，金产品20.65%，锌产品 1.71%，锑产品1.26%，其他1.19%，硫酸0.31%，其他(补充)0.19%。 豫光金铅所属申万行业为：有色金属-工业金属-铅锌。所属概念板块包括：黄金股、有色铜、稀缺资 源、基金重仓、铜箔等。 截至7月31日，豫光金铅股东户数6.07万，较上 ...

9月3日，驰宏锌锗盘中下跌2.12%，截至11:28，报6.01元/股，成交6.04亿元，换手率1.96%，总市值 302.93亿元。 资料显示，云南驰宏锌锗股份有限公司位于云南省曲靖市经济技术开发区翠峰路与学府路交叉口，成立 日期2000年7月18日，上市日期2004年4月20日，公司主营业务涉及铅、锌、锗系列产品的采选、冶炼、 深加工与销售。主营业务收入构成为：锌产品60.71%，铅产品13.08%，银产品11.51%，其他7.60%，其 他(补充)3.19%，锌精矿2.10%，硫酸1.30%，硫精矿0.52%。 驰宏锌锗所属申万行业为：有色金属-工业金属-铅锌。所属概念板块包括：小金属、稀缺资源、有色 锌、金属铅、央企改革等。 资金流向方面，主力资金净流出2901.04万元，特大单买入7395.38万元，占比12.25%，卖出7404.11万 元，占比12.26%；大单买入1.52亿元，占比25.13%，卖出1.81亿元，占比29.92%。 机构持仓方面，截止2025年6月30日，驰宏锌锗十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股8893.56万股，相比上期增加864.53万股。南方 ...

驰宏锌锗（600497.SH）2025 年半年报点评 产量保持稳定，业绩稳健增长 2025 年 08 月 28 日 ➢ 事件：公司发布 2025 年半年报。2025 年上半年公司营业收入 105.81 亿 元，同比+7.67%；归母净利润 9.32 亿元，同比+3.27%；扣非净利润 9.19 亿 元，同比+12.11%；其中 2025Q2，公司单季度营业收入 54.37 亿元，同比 +5.47%，环比+5.69%；单季度归母净利润 4.38 亿元，同比+5.45%，环比- 11.42%；单季度扣非净利润 4.34 亿元，同比+20.71%，环比-10.41%。公司宣 布中期分红，拟向全体股东每 10 股派发现金红利 0.3 元（含税），合计派发 1.5 亿，支付比例达到 16.1%。 ➢ 冶炼端：锌加工费趋势性回升明显，产量受检修影响同比略有下滑。25H1 铅锌精炼产品产量 32.92 万吨，同比-6.98%，其中锌合金产品产量 10.95 万 吨，同比+ 17.23%；锗产品含锗产量 32.58 吨，同比-4.99%；银产品产量 87.32 吨，同比+16.44%；黄金产量 116.26 千克，同比-25 ...

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a positive financial performance in the first half of 2025, with a revenue increase and plans for its first interim dividend since listing, reflecting a shift towards becoming a value and dividend stock in the non-ferrous metals sector [1] Financial Performance - The company achieved a revenue of 10.581 billion yuan, a year-on-year increase of 7.67% - The net profit attributable to shareholders was 932 million yuan, up 3.27% year-on-year - The net cash flow from operating activities reached 2.158 billion yuan, marking a significant increase of 34.73% - The company plans to distribute a cash dividend of 0.3 yuan per 10 shares, totaling 151 million yuan [1] Integrated Development and Risk Resistance - The company has established a comprehensive production and development model that integrates risk geological exploration, waste-free mining, clean smelting, and recycling of precious metals, enhancing its ability to withstand market fluctuations [2] - As of June 30, 2025, the company holds significant reserves of various metals, including 1.881 million tons of lead, 3.771 million tons of zinc, and 593 tons of germanium [2] Production Capacity and Efficiency - The company operates four smelting bases, each supported by 1-2 self-owned mines to ensure stable resource supply - The lead-zinc concentrate production in the first half of 2025 was 151,600 tons, a year-on-year increase of 2.29% [3][4] - The company’s refined lead-zinc production capacity is 630,000 tons per year, with a resource self-sufficiency rate of 53.98% [3] Profitability and Shareholder Returns - The company’s core business profitability has improved, with a weighted average ROE of 5.74%, an increase of 0.45 percentage points year-on-year - The sales gross margin reached 19.77%, the highest in 14 years, up 2.03 percentage points year-on-year [5] - The company has a history of returning value to shareholders, with a cumulative dividend payout of 7.344 billion yuan over 21 years, and plans for further dividends in 2025 [6][7] Cash Flow and Financial Health - The company reported a net operating cash flow of 2.158 billion yuan, a record high for the same period since listing, benefiting from improved raw material procurement and product pricing [7] - The asset-liability ratio stood at 26.44%, a decrease of 2.33 percentage points from the end of 2024, indicating a further optimization of the asset structure [7]

Core Viewpoint - The company emphasizes that stable or rising product prices are beneficial for its operations, and it does not engage in speculative predictions about price levels [1][8]. Financial Performance - In 2024, the company achieved an operating revenue of 39.345 billion yuan, a year-on-year increase of 22.40% [2]. - The net profit attributable to shareholders was 808 million yuan, reflecting a growth of 38.88% compared to the previous year [2]. - Revenue from lead products reached 8.506 billion yuan, up 9.19% year-on-year; copper products generated 10.869 billion yuan, an increase of 11.56%; gold products saw revenue of 8.126 billion yuan, up 52.92%; and silver products brought in 10.012 billion yuan, a 29.16% increase [2]. Production and Capacity - In 2024, the company produced 555,600 tons of lead, 164,900 tons of cathode copper, 15.13 tons of gold, and 1,566.24 tons of silver, with respective year-on-year growth rates of 0.31%, 7.53%, 29.11%, and 2.25% [2]. - For 2025, the company plans to produce 702,000 tons of lead, 15 tons of gold, 1,700 tons of silver, and 155,000 tons of cathode copper [3][4]. Industry Outlook - The company asserts that there is no "oversupply" issue in the lead market, as domestic refined lead production is projected to decline by 6.7% in 2024 [6]. - Despite challenges from lithium batteries, the lead industry has seen production growth, with annual output exceeding 5 million tons in 2024 [7]. - The company maintains a strong market position, with over 70% of its production sold through long-term contracts [7]. Strategic Focus - The company aims to enhance production efficiency and deepen innovation, focusing on high-purity metals and high-value alloys [4]. - The company does not plan to make speculative predictions about gold prices, as it believes such actions could significantly impact finances [8]. - Currently, the company has no immediate plans for overseas expansion, prioritizing its core business and technological advancements [8].