特别提示： | 证券代码：000960 | 证券简称：锡业股份 | | | 公告编号：2026-003 | | --- | --- | --- | --- | --- | | 债券代码：148721 | 债券简称：24 | 锡 | KY01 | | | 债券代码：148747 | 债券简称：24 | 锡 | KY02 | | 云南锡业股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 1、本次股东会未出现否决议案情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 3、云南锡业股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日以公告 形式向公司全体股东发出召开 2026 年第一次临时股东会的通知，2026 年 1 月 16 日披露了关于召开 2026 年第一次临时股东会的提示性公告。 4、本公告中占有表决权股份总数的百分比例均保留 4 位小数，若其各分项 数值之和与合计数值存在尾差，均为四舍五入原因造成。 一、会议的召开情况 1、召开时间 （1）现场会议时间：2026 年 1 月 16 日 ...

关于云南锡业股份有限公司 2026 年第一次临时股东会的 北京德恒（昆明）律师事务所 法律意见 北京德恒（昆明）律师事务所 Beijing DeHeng Law Offices (KunMing) 云南省昆明市西山区西园路 126 号"融城优郡"B5 幢 3、4 层 电话（传真）：0871-63172192 邮编: 650034 北京德恒（昆明）律师事务所 关于云南锡业股份有限公司 2026 年第一次临时股东会的法律意见 北京德恒（昆明）律师事务所 关于云南锡业股份有限公司 2026 年第一次临时股东会的 法 律 意 见 一、关于本次股东会的召集和召开程序 根据贵公司提供的有关资料及公开披露的信息，表明贵公司已于2025年12 月29日召开了第九届董事会2025年第五次临时会议，作出了关于召开本次股东会 的决议，并分别于2025年12月30日、2026年1月16日在《中国证券报》《证券时 报》《证券日报》《上海证券报》和巨潮资讯网等媒体刊登了召开本次股东会的 通知及提示性公告。 本次股东会现场会议于2026年1月16日15:00在云南省昆明市民航路471号云 锡办公楼五楼会议室召开，会议召开时间与通知公告时间 ...

Market Overview - The small metals sector experienced a slight decline of 0.02% on January 16, with Xiyang Co. leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Performance of Small Metals Stocks - Notable gainers included: - China Zhiyue (001280) with a closing price of 74.40, up 6.13% [1] - Xiamen Tungsten (600549) at 53.84, up 3.70% [1] - Zhong Rare Earth (600259) at 76.30, up 2.14% [1] - Other stocks with positive performance included: - China Tungsten High-Tech (000657) at 37.50, up 2.10% [1] - Northern Rare Earth (600111) at 51.00, up 1.13% [1] Fund Flow Analysis - The small metals sector saw a net outflow of 440 million yuan from institutional investors, while retail investors contributed a net inflow of 317 million yuan [2] - The main stocks with significant fund flow included: - Northern Rare Earth (600111) with a net inflow of 608 million yuan from main funds [3] - China Zhiyue (001280) with a net inflow of 160 million yuan [3] - Yunnan Province Industry (002428) with a net inflow of approximately 92 million yuan [3]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders for 2026 on January 16, 2026, at 15:00 [2] - The meeting will be convened by the board of directors, following a resolution passed on December 29, 2025 [1] - The meeting procedures comply with relevant laws, regulations, and the company's articles of association [1] Voting Details - Shareholders can vote through a combination of on-site voting and online voting [5] - The online voting period via the Shenzhen Stock Exchange trading system is from 9:15 to 15:00 on January 16, 2026 [4][16] - The record date for shareholders eligible to attend the meeting is January 12, 2026 [6] Attendance - All ordinary shareholders registered by the close of trading on January 12, 2026, are entitled to attend the meeting [6] - The meeting will also include company directors, senior management, and appointed lawyers [6] Meeting Location - The on-site meeting will take place at the company's office located at 471 Minhang Road, Kunming, Yunnan Province [7] Agenda Items - The meeting will review several proposals that have been approved by the board, including profit distribution, guarantees for subsidiaries, foreign exchange trading, and annual related party transactions [8] - Proposals affecting minority investors will be counted separately [8] Voting Process - The proposals require a simple majority (over 50%) of the votes cast to pass [9] - Related party shareholders must abstain from voting on certain proposals [9] Registration for Attendance - Shareholders wishing to attend must register with the company's securities department, with specific documentation required for both corporate and individual shareholders [10] - Registration will be open on January 15, 2026, from 8:30 to 17:30 [12] Contact Information - For inquiries, shareholders can contact the company's securities department at the provided address and phone number [13]

Group 1 - The company, Xiyang Co., announced that it will hold its first extraordinary shareholders' meeting on January 16, 2026 [2]

| 证券代码：000960 | 证券简称：锡业股份 | | | 公告编号：2026-002 | | --- | --- | --- | --- | --- | | 债券代码：148721 | 债券简称：24 | 锡 | KY01 | | | 债券代码：148747 | 债券简称：24 | 锡 | KY02 | | 云南锡业股份有限公司 关于召开 2026 年第一次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 云南锡业股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日在巨潮资 讯网（http://www.cninfo.com.cn）披露了《关于召开 2026 年第一次临时股东会的 通知》（公告编号：2025-068）。现将会议有关事项提示如下： 一、召开会议基本情况 1、股东会届次：2026 年第一次临时股东会。 2、会议召集人：云南锡业股份有限公司董事会。经 2025 年 12 月 29 日召开 的第九届董事会 2025 年第五次临时会议审议通过，同意召开公司 2026 年第一次 临时股东会（详见公司于 2025 ...

Core Viewpoint - Yunnan Tin Company has experienced significant stock price increases, with a year-to-date rise of 49.50% and a 32.87% increase over the past five trading days, indicating strong market performance and investor interest [2]. Group 1: Stock Performance - As of January 15, Yunnan Tin's stock price reached 41.68 yuan per share, with a trading volume of 5.82 billion yuan and a market capitalization of 685.97 billion yuan [1]. - The stock has shown remarkable growth over various time frames: 49.50% year-to-date, 32.87% in the last five trading days, 64.94% in the last 20 days, and 84.18% in the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Yunnan Tin reported a revenue of 34.417 billion yuan, reflecting a year-on-year growth of 17.81%, and a net profit attributable to shareholders of 1.745 billion yuan, which is a 35.99% increase compared to the previous year [2]. - The company has distributed a total of 2.15 billion yuan in dividends since its A-share listing, with 1.103 billion yuan distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Yunnan Tin had 84,100 shareholders, an increase of 5.00% from the previous period, with an average of 19,576 circulating shares per shareholder, a decrease of 4.76% [2]. - Notable changes in institutional holdings include Hong Kong Central Clearing Limited as the third-largest shareholder, increasing its stake by 6.8983 million shares, and several new entrants among the top ten shareholders [3].

Group 1 - The core viewpoint of the news highlights a general increase in non-ferrous metals, with significant price movements observed in various metals such as tin, nickel, and silver [1] - The LME copper price rose by $24, reaching $13,188 per ton, while LME aluminum fell by $12 to $3,186 per ton [1] - The international geopolitical tensions are driving safe-haven investments and central bank allocations towards gold, reinforcing a bullish trend in precious metals [1] Group 2 - The China Securities Non-Ferrous Metals Industry Index (399395) saw a strong increase of 1.55%, with notable gains in stocks such as Huayou Cobalt, which rose by 7.20%, and Yunnan Tin, which increased by 5.32% [1] - The Penghua Non-Ferrous ETF closely tracks the China Securities Non-Ferrous Metals Industry Index, which includes 50 prominent securities in the non-ferrous metals sector, reflecting the overall performance of listed companies in this industry [2] - As of December 31, 2025, the top ten weighted stocks in the index account for 51.65% of the total, including companies like Zijin Mining and China Northern Rare Earth [2]

Group 1 - The core viewpoint of the article highlights the strong performance of the non-ferrous metal sector, driven by solid supply and demand fundamentals [3] - The non-ferrous metal sector is experiencing a rally due to long-term constraints on the supply side, including declining ore grades and insufficient capital expenditure, compounded by geopolitical factors increasing supply uncertainty [3] - On the demand side, the rapid development of the new energy industry is driving growth in the demand for strategic metals like lithium and cobalt, while a manufacturing recovery is boosting demand for minor metals [3] Group 2 - Multiple institutions are optimistic about the resource sector, with CITIC Securities recommending an increase in positions in cyclical industries like non-ferrous metals, citing a favorable risk-reward ratio [3] - According to招商证券, 2026 is expected to see a cyclical resonance between China and the U.S., making non-ferrous metals a key focus for current investments in cyclical sectors [3] - The mining ETF (159690) is designed to focus on upstream resource sectors, covering various strategic resources such as gold, silver, copper, lithium, and rare earths, with the top three weighted varieties accounting for nearly 60% [3]

Core Viewpoint - Tin has been a crucial material throughout human history, from the Bronze Age to modern technology, and is now essential in various industries, including electronics, food packaging, and green energy [1] Macro and Sentiment - External factors such as lower-than-expected U.S. core CPI have strengthened expectations for Federal Reserve rate cuts, supporting overall metal valuations; the approval of NVIDIA's sales of H200 chips to China has boosted demand expectations in the AI chip sector [2] - Domestic monetary policy remains loose, and policies like "trade-in" for consumer goods indirectly stimulate downstream solder demand for tin [3] Geopolitical and Supply Factors - The escalation of conflict in the Democratic Republic of the Congo, a key source of tin imports for China, has raised concerns about supply stability, contributing to a significant price increase; ongoing supply tightness and low global visible inventories further exacerbate the situation [4] Demand and Structure - Emerging sectors such as AI and photovoltaics are driving significant demand; NVIDIA's high-end chip delivery expectations are increasing demand for high-grade solder, while the expansion of photovoltaic production capacity is raising solder consumption [5] Industry Chain and Leaders - Profit margins are shifting towards upstream resources due to tight supply, putting pressure on smelting companies; industry leader Yunnan Tin Company has seen a 35.99% year-on-year increase in net profit for the first three quarters of 2025, closely tied to tin prices and deepening supply chain cooperation with leading AI and new energy firms [6] Market Outlook - The strong price trend for tin is expected to continue in the short term, with London tin prices targeting $50,000 per ton; domestic prices may also break through 410,000 yuan, supported by liquidity expectations, historically low inventories, and structural growth in emerging demands [7] - Potential risks include the stabilization of the situation in the Democratic Republic of the Congo or unexpected recovery in Myanmar's supply, which could lead to temporary price corrections, but the long-term supply-demand gap is likely to support a systemic price increase [8]