Financial Performance - Revenue for the third quarter reached CNY 6,597,147,630.18, an increase of 36.73% compared to the previous quarter[4]. - Net profit attributable to shareholders decreased by 31.44% to CNY 391,480,215.39, primarily due to a decline in lead and zinc product prices and maintenance shutdowns[4][9]. - Basic earnings per share fell by 30.75% to CNY 0.0777, reflecting the decrease in net profit[4][9]. - Total revenue for the first three quarters of 2025 reached ¥17.18 billion, an increase of 16.5% compared to ¥14.65 billion in the same period of 2024[22]. - Net profit for the first three quarters of 2025 was ¥1.31 billion, a decrease of 11.1% from ¥1.47 billion in the same period of 2024[23]. - The net profit attributable to the parent company's shareholders for the first three quarters of 2025 is approximately ¥1.32 billion, a decrease of 10.2% compared to ¥1.47 billion in the same period of 2024[24]. - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 is approximately ¥1.35 billion, compared to ¥1.44 billion in the same period of 2024, reflecting a decrease of 6.2%[24]. Cash Flow and Assets - Operating cash flow increased by 27.46% to CNY 1,255,891,710.96, driven by higher cash inflows from zinc smelting products[4][9]. - The company's cash and cash equivalents increased to ¥3.79 billion as of September 30, 2025, compared to ¥3.50 billion at the end of 2024, representing an increase of 8.0%[20]. - The cash inflow from operating activities for the first three quarters of 2025 is approximately ¥20.48 billion, an increase of 23.0% compared to ¥16.57 billion in the first three quarters of 2024[27]. - The net cash outflow from investing activities for the first three quarters of 2025 is approximately ¥794.83 million, an improvement from a net outflow of ¥1.42 billion in the same period of 2024[28]. - The net cash outflow from financing activities for the first three quarters of 2025 is approximately ¥2.33 billion, compared to a net outflow of ¥1.32 billion in the same period of 2024, indicating increased financing activities[28]. - The total cash inflow from financing activities for the first three quarters of 2025 is approximately ¥769.47 million, an increase from ¥697.13 million in the same period of 2024[28]. Production and Operations - The company produced 51.54 million tons of lead-zinc products in the first nine months of 2025, compared to 51.00 million tons in the same period of 2024[17]. - The production of zinc ingots was 22.40 million tons in the first nine months of 2025, down from 23.81 million tons in the same period of 2024[17]. - The company reported a lead concentrate production of 6.15 million tons in the first nine months of 2025, compared to 6.68 million tons in the same period of 2023[14]. - The company’s lead product output was 12.15 million tons in the first nine months of 2025, down from 13.21 million tons in the same period of 2023[17]. - The company’s total zinc concentrate production was 16.44 million tons in the first nine months of 2025, compared to 19.11 million tons in the same period of 2023[14]. - The company achieved a silver product output of 141.90 tons in the first nine months of 2025, compared to 116.09 tons in the same period of 2023[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 162,404[11]. - Yunnan Metallurgical Group Co., Ltd. holds 1,944,142,784 shares, accounting for 38.57% of total shares[12]. - The total number of shares held by the top 10 unrestricted shareholders is 2,044,122,881, representing 40.55% of total shares[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,914,586,007.14, a decrease of 1.72% from the previous year[5]. - Total assets as of September 30, 2025, amounted to ¥25.91 billion, a slight decrease from ¥26.37 billion at the end of 2024[20]. - Total liabilities decreased to ¥6.69 billion as of September 30, 2025, from ¥7.59 billion at the end of 2024, reflecting a reduction of 11.9%[21]. - The company's total non-current assets decreased to ¥22.13 billion as of September 30, 2025, from ¥22.87 billion at the end of 2024, a decline of 3.3%[21]. Research and Development - Research and development expenses for the first three quarters of 2025 were ¥98.63 million, an increase of 21.6% compared to ¥81.13 million in the same period of 2024[23]. Other Financial Metrics - The company's weighted average return on equity decreased by 34.29% to 2.36%[4][9]. - Accounts receivable increased by 95.22% due to uncollected payments for zinc alloy and germanium products[9]. - Non-recurring gains and losses totaled CNY 13,914,349.02 for the current period[7]. - The company's retained earnings increased to ¥2.71 billion as of September 30, 2025, compared to ¥2.05 billion at the end of 2024, reflecting a growth of 32.2%[21]. - The basic earnings per share for the first three quarters of 2025 is ¥0.2626, down from ¥0.2895 in the same period of 2024, representing a decline of 9.3%[24]. - The cash and cash equivalents at the end of the first three quarters of 2025 amount to approximately ¥1.19 billion, a decrease from ¥1.28 billion at the end of the same period in 2024[28]. - The company reported a tax refund of approximately ¥25.77 million in the first three quarters of 2025, compared to ¥48.47 million in the same period of 2024[27].

Core Viewpoint - The company reported a significant increase in revenue for the third quarter, but a notable decline in net profit compared to the previous year [1] Financial Performance - Third quarter revenue reached 6.597 billion, representing a year-on-year increase of 36.73% [1] - Net profit for the third quarter was 391 million, showing a decrease of 31.44% year-on-year [1] - For the first three quarters, total revenue amounted to 17.178 billion, with a year-on-year growth of 17.24% [1] - Net profit for the first three quarters was 1.324 billion, reflecting a decline of 10.18% compared to the same period last year [1]

Core Viewpoint - Yunnan Chihong Zinc & Germanium Co., Ltd. has approved a proposal to establish a joint venture with related parties to extend the rare metal industry chain [1] Group 1: Joint Venture Details - The company will collaborate with China Aluminum Group Co., Ltd., China Aluminum Corporation, Yunnan Copper Co., Ltd., and Chalco Capital Holdings Co., Ltd. to set up a joint venture [1] - The company will contribute a total of RMB 300 million, which includes 100% equity of Yunnan Chihong International Germanium Co., Ltd. and cash, to hold a 20% stake in the joint venture [1] - The formal signing of the investment agreement for the joint venture took place on October 24, 2025 [1]

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a positive stock performance with a year-to-date increase of 24.61% and a recent market capitalization of 34.174 billion yuan [1] Group 1: Stock Performance - As of October 23, Chihong Zn & Ge's stock price increased by 2.11% to 6.78 yuan per share, with a trading volume of 289 million yuan and a turnover rate of 0.86% [1] - The stock has experienced a 0.30% increase over the last five trading days, an 8.48% increase over the last 20 days, and a 20.21% increase over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Chihong Zn & Ge reported a revenue of 10.581 billion yuan, representing a year-on-year growth of 7.67%, and a net profit attributable to shareholders of 932 million yuan, reflecting a growth of 3.27% [2] Group 3: Shareholder Information - As of September 20, the number of shareholders for Chihong Zn & Ge was 166,800, a decrease of 1.60% from the previous period, with an average of 30,218 circulating shares per shareholder, an increase of 0.61% [2] - Cumulative cash dividends since the A-share listing amount to 7.344 billion yuan, with 1.981 billion yuan distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with significant increases in their holdings [3]

证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025-045 云南驰宏锌锗股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2025 年 10 月 30 日（星期四）上午 9:00 至 10:00。 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com）。 会议召开方式：上证路演中心网络文字互动。 投资者可于 2025 年 10 月 23 日（星期四）至 10 月 29 日（星期三）下午 17:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （chxz600497@chinalco.com.cn）就所关注的问题进行提问，公司将在说明会上 对投资者普遍关注的问题进行回答。 云南驰宏锌锗股份有限公司（以下简称"公司"）将于 2025 年 10 月 25 日 在上海证券交易所网站（www.sse.com. ...

Core Viewpoint - Chihong Zn & Ge Co., Ltd. has shown a positive stock performance with a year-to-date increase of 23.51%, despite a recent decline of 3.03% over the last five trading days [1] Group 1: Stock Performance and Market Activity - As of October 21, Chihong Zn & Ge's stock price rose by 2.13% to 6.72 CNY per share, with a trading volume of 1.55 billion CNY and a turnover rate of 0.46%, resulting in a total market capitalization of 33.871 billion CNY [1] - The net inflow of main funds was 24.60 million CNY, with large orders accounting for 21.37% of purchases and 13.52% of sales [1] - The stock has experienced a 6.16% increase over the past 20 days and a 19.79% increase over the past 60 days [1] Group 2: Financial Performance - For the first half of 2025, Chihong Zn & Ge reported a revenue of 10.581 billion CNY, reflecting a year-on-year growth of 7.67%, and a net profit attributable to shareholders of 932 million CNY, which is a 3.27% increase compared to the previous year [2] - Cumulatively, the company has distributed 7.344 billion CNY in dividends since its A-share listing, with 1.981 billion CNY distributed over the last three years [3] Group 3: Shareholder Information - As of September 20, the number of shareholders for Chihong Zn & Ge was 166,800, a decrease of 1.60% from the previous period, while the average number of circulating shares per person increased by 0.61% to 30,218 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.6453 million shares, and Southern CSI 500 ETF, which increased its holdings by 6.0947 million shares [3]

Core Viewpoint - The report highlights the growth trends in China's non-ferrous metal production, indicating a positive outlook for the industry from 2025 to 2031, with specific data on production volumes and growth rates [1]. Industry Summary - In April 2025, China's production of ten non-ferrous metals reached 6.76 million tons, reflecting a year-on-year increase of 3.1% [1]. - From January to April 2025, the cumulative production of these metals totaled 26.6 million tons, showing a cumulative growth of 2.3% [1]. - The report is based on data from the National Bureau of Statistics and is compiled by Zhiyan Consulting, a leading industry research institution in China [1].

Core Viewpoint - Chihong Zn & Ge Co., Ltd. experienced a decline in stock price by 2.02% on October 16, with a trading volume of 567 million yuan and a market capitalization of 34.174 billion yuan [1] Group 1: Stock Performance - Year-to-date, Chihong Zn & Ge's stock price has increased by 24.61%, with a slight decline of 0.59% over the last five trading days [2] - Over the past 20 days, the stock price has risen by 10.60%, and over the last 60 days, it has increased by 26.26% [2] Group 2: Financial Performance - For the period from January to June 2025, Chihong Zn & Ge reported a revenue of 10.581 billion yuan, representing a year-on-year growth of 7.67% [2] - The net profit attributable to shareholders for the same period was 932 million yuan, reflecting a year-on-year increase of 3.27% [2] Group 3: Shareholder Information - As of September 20, 2025, the number of shareholders for Chihong Zn & Ge was 166,800, a decrease of 1.60% from the previous period [2] - The average circulating shares per shareholder increased by 0.61% to 30,218 shares [2] Group 4: Dividend Distribution - Since its A-share listing, Chihong Zn & Ge has distributed a total of 7.344 billion yuan in dividends, with 1.981 billion yuan distributed over the last three years [3] Group 5: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 88.936 million shares, an increase of 8.645 million shares from the previous period [3] - Southern CSI 500 ETF ranked as the fifth-largest circulating shareholder with 45.327 million shares, an increase of 6.095 million shares [3]

Core Viewpoint - Chihong Zn & Ge Co., Ltd. reported that as of September 20, 2025, the number of shareholders is expected to reach 166,800 [1] Company Summary - The company has engaged with investors through an interactive platform, indicating a proactive approach to shareholder communication [1] - The projected number of shareholders reflects the company's growth and potential attractiveness to investors [1]

Core Insights - The company, Yunnan Chihong Zinc & Germanium Co., Ltd., has established itself as a key player in the germanium industry, producing various germanium products for high-tech applications [1][2] - The company has developed a complete infrared germanium industry chain, including raw materials, single crystals, and optical components, with an annual production capacity of 60 tons of germanium metal [1][2] - The company has successfully launched a production line for ultra-pure germanium tetrachloride, which is crucial for fiber optic preform production, with an annual capacity of 30 tons [2] Company Developments - The company has a rich history dating back to the 1950s, contributing significantly to national defense projects by extracting germanium from lead-zinc ores [1] - In 2022, the company completed the construction of a production line for ultra-pure germanium tetrachloride, becoming one of the few companies globally to master this technology [2] - The company is focusing on high-value downstream products, including infrared germanium single crystals and optical components, which are widely used in industrial inspection and security monitoring [2] Strategic Collaborations - The company is enhancing its research and development capabilities through collaborations with various institutions, including the Chinese Academy of Sciences and Jinan University [3] - The establishment of a joint laboratory for infrared information technology and a talent training base with Kunming University of Science and Technology aims to cultivate skilled professionals in the field [3] - The company plans to innovate through a combination of independent research and technology absorption to extend its industrial chain and enhance the value of germanium [3]