Core Viewpoint - Zhuzhou Smelter Group's stock has shown significant performance, with a year-to-date increase of 95.93%, indicating strong market interest and potential growth in the non-ferrous metal sector [1][2]. Group 1: Stock Performance - As of November 11, the stock price of Zhuzhou Smelter Group reached 15.42 CNY per share, with a trading volume of 2.03 billion CNY and a market capitalization of 165.44 billion CNY [1]. - The stock has experienced a 5.69% increase over the last five trading days, a 7.66% decrease over the last 20 days, and a 27.44% increase over the last 60 days [1]. - The company has appeared on the trading leaderboard twice this year, with the most recent net buy of 58.32 million CNY on September 12 [1]. Group 2: Company Overview - Zhuzhou Smelter Group, established on December 20, 1993, and listed on August 30, 2004, is located in Hunan Province and specializes in the production and sale of zinc, zinc alloys, and industrial sulfuric acid [2]. - The revenue composition includes 38.48% from zinc and zinc alloys, 28.17% from other sources, 13.94% from gold ingots, 10.71% from silver ingots, 7.85% from lead and lead alloys, 0.51% from indium ingots, 0.20% from sulfuric acid, and 0.14% from non-ferrous metal trading [2]. - As of October 31, the number of shareholders increased to 41,300, with an average of 18,203 circulating shares per shareholder [2]. Group 3: Financial Performance - For the period from January to September 2025, Zhuzhou Smelter Group reported a revenue of 16.048 billion CNY, reflecting a year-on-year growth of 11.54%, and a net profit attributable to shareholders of 858 million CNY, which is a 47.51% increase year-on-year [2]. - The company has distributed a total of 388 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [2]. Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include Qianhai Kaiyuan Gold and Silver Jewelry Mixed A, holding 16.65 million shares, an increase of 2.59 million shares from the previous period [3]. - Hong Kong Central Clearing Limited is the fifth-largest shareholder with 9.22 million shares, an increase of 1.64 million shares [3]. - New entrants include the Gold Stock ETF, holding 6.17 million shares, while several funds have exited the top ten list [3].

Group 1 - The stock price of Zhuzhou Smelter Group increased by 2.03% to 16.05 CNY per share, with a total market capitalization of 17.22 billion CNY as of October 30 [1] - Year-to-date, the stock price has risen by 103.94%, with a 6.43% increase over the last five trading days and a 36.48% increase over the last 60 days [1] - The company has appeared on the trading leaderboard twice this year, with the most recent net purchase of 58.32 million CNY on September 12 [1] Group 2 - Zhuzhou Smelter Group, established on December 20, 1993, specializes in the production and sale of zinc and zinc alloys, with a revenue composition of 38.48% from zinc and zinc alloys [2] - For the period from January to September 2025, the company reported a revenue of 16.05 billion CNY, a year-on-year increase of 11.54%, and a net profit of 858 million CNY, up 47.51% year-on-year [2] - As of September 30, 2025, the number of shareholders decreased by 10.19% to 40,200, while the average circulating shares per person increased by 11.35% to 18,685 shares [2] Group 3 - Since its A-share listing, Zhuzhou Smelter Group has distributed a total of 388 million CNY in dividends, with no dividends paid in the last three years [3] - Among the top ten circulating shareholders, Qianhai Kaiyuan Gold and Silver Jewelry Mixed A holds 16.65 million shares, an increase of 2.59 million shares compared to the previous period [3] - New shareholders include the Gold Stock ETF, which holds 6.17 million shares, while several funds have exited the top ten circulating shareholders list [3]

Core Insights - Zhuzhou Smelter Group Co., Ltd. experienced a stock price increase of 5.05%, reaching 15.59 CNY per share, with a trading volume of 334 million CNY and a turnover rate of 2.91%, resulting in a total market capitalization of 16.726 billion CNY [1] Company Overview - Zhuzhou Smelter Group, established on December 20, 1993, and listed on August 30, 2004, is located in Hunan Province, China. The company specializes in the production and sale of zinc and zinc alloys, as well as industrial sulfuric acid [1] - The revenue composition of the company includes: zinc and zinc alloys (38.48%), other products (28.17%), gold ingots (13.94%), silver ingots (10.71%), lead and lead alloys (7.85%), indium ingots (0.51%), sulfuric acid (0.20%), and non-ferrous metal trading (0.14%) [1] Fund Holdings - According to data, one fund under Huaxia Fund has a significant holding in Zhuzhou Smelter Group. The Huaxia CSI 1000 Index Enhanced A (014125) held 196,000 shares in the third quarter, accounting for 0.76% of the fund's net value, making it the eighth largest holding [2] - The fund has generated an estimated floating profit of approximately 147,000 CNY today [2] Fund Performance - The Huaxia CSI 1000 Index Enhanced A (014125) was established on December 7, 2021, with a current scale of 1.09 billion CNY. Year-to-date, it has achieved a return of 31.72%, ranking 1635 out of 4216 in its category. Over the past year, the return is 32.42%, ranking 1330 out of 3877, and since inception, the return is 22.66% [2]

Core Insights - Zhuzhou Smelter Group's stock price increased by 2.05% on October 21, reaching 15.45 CNY per share, with a total market capitalization of 16.576 billion CNY [1] - The company has seen a year-to-date stock price increase of 96.32%, but has experienced a decline of 7.49% over the last five trading days [1] Financial Performance - For the first half of 2025, Zhuzhou Smelter Group reported a revenue of 10.412 billion CNY, representing a year-on-year growth of 14.89%, and a net profit attributable to shareholders of 585 million CNY, up 57.83% year-on-year [2] - The company has distributed a total of 388 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 10.27% to 40,200, while the average number of circulating shares per shareholder increased by 11.44% to 18,701 shares [2] - Notable changes in institutional holdings include a decrease in shares held by Qianhai Kaiyuan Gold and Silver Jewelry Mixed A, while new shareholders include Invesco Great Wall Energy Infrastructure Mixed A [3]

Group 1 - The core viewpoint of the news highlights the recent performance of Zhuzhou Smelter Group, which saw a stock price increase of 5.02% to 16.33 CNY per share, with a trading volume of 255 million CNY and a turnover rate of 2.12%, resulting in a total market capitalization of 17.52 billion CNY [1] - Zhuzhou Smelter Group, established on December 20, 1993, and listed on August 30, 2004, is primarily engaged in the production and sale of zinc and zinc alloys, as well as industrial sulfuric acid. The revenue composition includes zinc and zinc alloys at 38.48%, other products at 28.17%, gold ingots at 13.94%, silver ingots at 10.71%, lead and lead alloys at 7.85%, indium ingots at 0.51%, sulfuric acid at 0.20%, and non-ferrous metal trading at 0.14% [1] Group 2 - From the perspective of fund holdings, Zhuzhou Smelter Group is a significant investment for China Post Fund, with its Core Advantage Flexible Allocation Mixed A Fund (590003) holding 3.098 million shares, accounting for 2.87% of the fund's net value, ranking as the sixth largest holding. The estimated floating profit today is approximately 2.4164 million CNY [2] - The Core Advantage Flexible Allocation Mixed A Fund (590003) was established on October 28, 2009, with a current scale of 1.084 billion CNY. Year-to-date returns are 34.35%, ranking 2723 out of 8167 in its category, while the one-year return is 23.88%, ranking 4628 out of 8010. Since inception, the fund has achieved a return of 381.53% [2] Group 3 - The fund managers of the Core Advantage Flexible Allocation Mixed A Fund are Jiang Liwei and Zhang Yiyan. As of the report, Jiang Liwei has a tenure of 4 years and 211 days, managing assets totaling 2.035 billion CNY, with the best return during his tenure being 30.66% and the worst being 8.56%. Zhang Yiyan has a tenure of 1 year and 270 days, managing assets of 1.206 billion CNY, with the best return during his tenure being 34.66% and the worst being 16.83% [3]

Group 1 - 株冶集团's stock increased by 5.15% to 15.53 CNY per share, with a trading volume of 431 million CNY and a turnover rate of 3.78%, resulting in a total market capitalization of 16.662 billion CNY [1] - 株冶集团, established on December 20, 1993, and listed on August 30, 2004, is primarily engaged in the production and sales of zinc and zinc alloys, as well as industrial sulfuric acid [1] - The revenue composition of 株冶集团 includes: zinc and zinc alloys (38.48%), others (28.17%), gold ingots (13.94%), silver ingots (10.71%), lead and lead alloys (7.85%), indium ingots (0.51%), sulfuric acid (0.20%), and non-ferrous metal trading (0.14%) [1] Group 2 - 前海开源金银珠宝混合A (001302) reduced its holdings in 株冶集团 by 521,800 shares, now holding 14.06 million shares, which accounts for 1.87% of the circulating shares [2] - The fund has achieved a year-to-date return of 66.59%, ranking 331 out of 8174 in its category, and a one-year return of 69.07%, ranking 1536 out of 7981 [2] - The fund manager, 吴国清, has a tenure of nearly 10 years, with the fund's total asset size at 5.333 billion CNY and a best return of 374.15% during his management [3] Group 3 - 株冶集团 is the seventh largest holding in 前海开源金银珠宝混合A (001302), representing 8.15% of the fund's net value [4] - The fund's floating profit from 株冶集团 is approximately 10.6856 million CNY [4]

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Zhuzhou Smelter Group Co., Ltd, including stock price movements and trading volumes [1][2] - As of September 12, the stock price of Zhuzhou Smelter Group increased by 2.03%, reaching 15.07 CNY per share, with a total market capitalization of 16.168 billion CNY [1] - The company has seen a significant stock price increase of 91.49% year-to-date, with a 19.98% rise over the past 20 trading days [1] Group 2 - Zhuzhou Smelter Group, established on December 20, 1993, and listed on August 30, 2004, primarily engages in the production and sale of zinc and zinc alloys, with a revenue composition of 38.48% from zinc and zinc alloys [2] - For the first half of 2025, the company reported a revenue of 10.412 billion CNY, reflecting a year-on-year growth of 14.89%, and a net profit of 585 million CNY, up 57.83% year-on-year [2] - The company has not distributed dividends in the last three years, with a total payout of 388 million CNY since its A-share listing [3]

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Zhuzhou Smelter Group Co., Ltd, including stock price movements and trading volumes [1][2] - As of August 26, the stock price of Zhuzhou Smelter Group increased by 2.03% to 13.56 CNY per share, with a total market capitalization of 14.548 billion CNY [1] - The company has seen a year-to-date stock price increase of 72.30%, with notable gains of 10.15% over the last five trading days and 33.99% over the last 60 days [1] Group 2 - Zhuzhou Smelter Group, established on December 20, 1993, and listed on August 30, 2004, primarily engages in the production and sale of zinc and zinc alloys, as well as industrial sulfuric acid [2] - The revenue composition of the company includes 38.48% from zinc and zinc alloys, 28.17% from other sources, and smaller contributions from gold ingots, silver ingots, lead and lead alloys, indium ingots, sulfuric acid, and non-ferrous metal trading [2] - As of August 8, the number of shareholders was 38,700, with an average of 19,426 circulating shares per shareholder, reflecting a slight decrease in shareholder count and a slight increase in average shares held [2] Group 3 - Zhuzhou Smelter Group has distributed a total of 388 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include various funds, with notable changes in holdings among several institutional investors [3]

Core Industry Overview - Hengyang City is focusing on building a modern industrial system characterized by "one core, two electricity, three colors, and four new" industries, aiming for coordinated development of advanced manufacturing, traditional industry upgrades, and emerging industry cultivation [1][13] - The "one core" focuses on nuclear technology application, establishing a national-level demonstration base for nuclear technology applications [1][13] - The "two electricity" includes electrical equipment and electronic information as pillar industries, aiming to cultivate a trillion-level industrial cluster [1][13] - The "three colors" refer to traditional advantageous industries: non-ferrous metals, salt chemical industry, and steel pipes and deep processing [1][13] - The "four new" focuses on emerging growth points such as new energy vehicles, modern logistics, cultural tourism and health, and ecological agriculture [1][13] Economic Performance - In 2024, Hengyang's GDP is projected to reach 449.169 billion, with a year-on-year growth of 5.4%, indicating a steady economic expansion [4] - The secondary industry shows the strongest growth, with an added value of 142.336 billion and a growth rate of 6.9% [4] - The tertiary industry maintains steady growth, achieving an added value of 258.077 billion, growing by 5.1% [4] - The first industry added value is 48.756 billion, with a growth of 2.7%, demonstrating a collaborative development among the three major industries [4] New Quality Productive Forces - New Quality Productive Forces, introduced by President Xi Jinping, emphasize innovation as the main driving force, characterized by high technology, efficiency, and quality [2][3] - This concept is crucial for promoting high-quality economic development and constructing a modern industrial system [3] Policy Framework - Hengyang has implemented various policies to support the cultivation of new quality productive forces, including plans for health industry development and optimizing the business environment [10][11] - The "Stabilize Five and Advance Three" strategy aims to consolidate five advantageous industries while breaking through three emerging industries to inject new momentum into high-quality development [10][13] Industrial Space Layout - Hengyang adopts a "no zoning layout, integrated promotion" planning concept, creating a spatial structure of "one river, four screens, one circle, and one belt" [15][18] - The layout focuses on ecological protection and urban development, enhancing the integration of modern service and advanced manufacturing industries [15][18] Emerging Industries - Emerging industries such as electronic information, new energy vehicles, and nuclear technology applications are rapidly rising, contributing to the economic growth of Hengyang [20] - Companies like Hunan Kai Ming Electronic Technology and Hunan Tian Yan Machinery are becoming new forces in their respective industries through technological innovation [20] Development Trends - Hengyang is advancing traditional industries towards high-end and intelligent transformation while vigorously cultivating emerging industries, forming a dual-driven model [23][24] - The city is enhancing its innovation capabilities through increased R&D investment and the establishment of innovation platforms [25] - Hengyang is deepening open cooperation and policy support to ensure the development of new quality productive forces, aiming for broader growth prospects [26]