Core Viewpoint - The company announced that its controlling shareholder, Lincang Feixiang Smelting Co., Ltd., has pledged part of its shares to Shanghai Haitong Securities Asset Management Co., Ltd. and subsequently released some of these shares from pledge, indicating a stable financial situation and no immediate risk to the company's control [1][2]. Group 1: Share Pledge and Release - Lincang Feixiang pledged 2,000,000 shares of the company to Shanghai Haitong Securities for a stock pledge repurchase business [1]. - On June 13, 2024, Lincang Feixiang released 5,500,000 shares from pledge, which accounts for 6.14% of its holdings and 0.84% of the company's total shares [1]. - The total shares pledged by Lincang Feixiang and its concerted action party, Dongxing Group, amount to 20,000,000 shares, representing 22.33% of their total holdings and 3.06% of the company's total shares [1]. Group 2: Pledge Risk Management - As of the announcement date, the pledge situation of Lincang Feixiang and Dongxing Group does not pose a risk of forced liquidation, and the pledge risk is considered manageable [2]. - The pledging of shares is primarily to support the company's operations and their own business activities, with plans in place to address any potential liquidation risks through early repayment or additional pledges [2]. - The company and its subsidiaries will take proactive measures to repay loans if any liquidation risk arises, ensuring compliance with information disclosure obligations [2].

关于控股股东部分股份解除质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 2024 年 11 月 13 日，云南临沧鑫圆锗业股份有限公司（以下简称"公司" 或"本公司"）控股股东临沧飞翔冶炼有限责任公司（以下简称"临沧飞翔"）将 其持有的 2,000 万股本公司股票质押给上海海通证券资产管理有限公司，办理了 股票质押式回购业务。 详细内容请见公司于 2024 年 11 月 15 日在《证券时报》《中国证券报》《上 海证券报》《证券日报》及巨潮资讯网（http://www.cninfo.com.cn）上刊登的 《云南临沧鑫圆锗业股份有限公司关于控股股东部分股份质押的公告》。 近日，公司接到临沧飞翔通知，获悉临沧飞翔持有的部分本公司股票解除质 押。具体情况如下： 证券代码：002428 证券简称：云南锗业 公告编号：2025-030 云南临沧鑫圆锗业股份有限公司 一、股东股份解除质押的基本情况 | 股东名称 | 是否为控股股东 或第一大股东及 | 本次解除质押 股份数量（股） | 占其所持 股份比例 | 占公司总 股本比例 | 起始日 | 解除日期 | 质权人 ...

Group 1 - The company received notification from its controlling shareholder, Lincang Feixiang Smelting Co., Ltd., regarding the pledge of 13.1 million shares, representing 14.62% of the company's total shares [1] - The pledged shares are part of a stock pledge repurchase agreement with China Galaxy Securities Co., Ltd., with the pledge starting from May 28, 2025 [1] - As of the announcement date, the controlling shareholder and its concerted action party, Yunnan Dongxing Industrial Group, have a total of 130.66 million shares pledged, accounting for 20.01% of their holdings [3] Group 2 - The financing from the pledged shares is intended to meet production and operational needs, as well as to repay debts [4] - The total amount of financing related to the pledged shares is 217 million yuan, with 148 million yuan attributed to the company and its subsidiaries [4] - There are no performance compensation obligations that need to be fulfilled by the controlling shareholder or its concerted action party [5] Group 3 - The company and its subsidiaries, along with the controlling shareholder, have a good credit status and repayment capability [4] - The pledge does not pose a risk of forced liquidation, and the risk is considered manageable [5] - The company will take necessary actions to mitigate any potential risks, including early repayment and additional pledges if needed [5]

证券代码：002428 证券简称：云南锗业 公告编号：2025-029 云南临沧鑫圆锗业股份有限公司 关于控股股东部分股份质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东股份质押的基本情况 云南临沧鑫圆锗业股份有限公司（以下简称"公司"或"本公司"）近日接 到控股股东临沧飞翔冶炼有限责任公司（以下简称"临沧飞翔"）通知，获悉临 沧飞翔将其持有的 1,310 万股本公司股票质押给中国银河证券股份有限公司，办 理了股票质押式回购业务，具体事项如下： 2、股东及其一致行动人股份累计质押的基本情况 截至本公告披露日，公司控股股东临沧飞翔及其一致行动人云南东兴实业集 团有限公司（以下简称"东兴集团"，东兴集团持有临沧飞翔 100%股权）所持 股份质押情况如下： 1 股东名称 是否为控 股股东或 第一大股 东及其一 致行动人 本次质押数 量（股） 占其所 持股份 比例 占公 司总 股本 比例 是否 为限 售股 是否 为补 充质 押 质押起 始日 质押到期 日 质权人 质押 用途 临沧飞翔 冶炼有限 责任公司 是 13,100,000 14.62% 2.01% ...

Financial Performance - The company's profitability and asset scale have improved, indicating a healthy financial status for 2024 [2] - The revenue share of material-grade germanium products decreased to 46.11% in 2024 from 47.15% in 2023, while deep-processing products (infrared, photovoltaic, fiber optics) and compound semiconductors increased to 53.89% [2] - Revenue from photovoltaic-grade germanium products grew by 39.22% year-on-year, and compound semiconductor revenue increased by 66.16% [2] Talent Management - The company emphasizes talent acquisition and development, focusing on both internal training and targeted recruitment of high-end talent [3] - There have been no significant changes in the management team recently, but the company is committed to enhancing its talent pool [3] Investor Relations - The company acknowledges the lack of professional knowledge among investors and aims to improve the quality of information disclosure based on investor needs [3] - The stock price is influenced not only by the company's fundamentals but also by various factors in the secondary market, highlighting the importance of investor awareness of risks [3] Market Strategy - The company plans to adjust production capacity based on market demand, balancing high profits with sales volume [4] - The sales revenue of compound semiconductors declined in 2023 due to underperformance in the telecom market and data center construction, although overall sales have been growing [4] Product Development - The company is focused on expanding its production capacity for germanium products to meet the increasing market demand, particularly in the low-orbit satellite communication sector [5] - There are ongoing efforts to enhance research and development capabilities, with a commitment to securing patents for innovations [5] Future Outlook - The company plans to produce 866,700 photovoltaic-grade germanium products in 2025, with actual production details to be disclosed in regular reports [5]

本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，云南临沧鑫圆锗业股份有限公司（以下 简称"公司"）将参加由云南证监局指导，云南省上市公司协会与深圳市全景网 络有限公司联合举办的"2024年度云南辖区上市公司投资者网上集体接待日"， 现将相关事项公告如下： 云南临沧鑫圆锗业股份有限公司 关于参加云南辖区上市公司 2024 年度投资者 网上集体接待日活动的公告 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP, 参与本次互动交流，活动时间为2025年5月16日（周五）16:00-17:00。 证券代码：002428 证券简称：云南锗业 公告编号：2025-028 云南临沧鑫圆锗业股份有限公司董事会 2025 年 5 月 13 日 届时公司董事、副总经理、财务总监杨元杰先生，副总经理、董事会秘书金 洪国先生将在线就公司2024年度业绩、公司治理、发展战略、经营状况和可持续 发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊 ...

Core Viewpoint - Yunnan Germanium's significant profit growth in 2024 is primarily driven by the surge in germanium prices, despite ongoing negative cash flow issues [2][4][8]. Financial Performance - In 2024, Yunnan Germanium achieved a revenue of 767.4 million yuan, a year-on-year increase of 14.2% [6]. - The net profit attributable to shareholders reached 53.1 million yuan, marking a staggering year-on-year growth of 661.3% [2][4]. - The operating cash flow net amount was -31.2 million yuan, although it improved by 79.1% compared to the previous year, it remains in a negative state [2][8]. Product and Market Dynamics - The company's main products include material-grade germanium products, infrared-grade germanium products, and photovoltaic-grade germanium products, with material-grade products accounting for 46.1% of total revenue [5][6]. - The increase in sales of high-priced indium phosphide products contributed to an overall gross margin increase of 9.58 percentage points [5]. - Yunnan Germanium is recognized as the largest producer and supplier of germanium products in China, with a complete industry chain [5][7]. Cash Flow and Inventory Management - The company has reported negative operating cash flow for two consecutive years, with the previous year's cash flow at -149 million yuan [3][9]. - The increase in inventory to 691 million yuan at the end of 2024, which accounted for 21.8% of total assets, was driven by rising costs of germanium materials and increased stockpiling due to market expectations [9][11]. - The company plans to enhance internal supply chain coordination and improve production management to reduce cash flow issues and inventory levels [11]. Future Outlook - Yunnan Germanium aims to capitalize on opportunities in aerospace, photovoltaic, infrared optics, artificial intelligence, 6G, and autonomous driving sectors, focusing on high-value-added products [7]. - The company intends to adjust its product structure to increase the sales proportion of deep-processing products in its revenue [7].

Financial Performance - The company reported a basic earnings per share of 0.0160 yuan for Q1 2025, a significant increase of 188.89% compared to -0.0180 yuan in Q1 2024 [1] - Net profit for Q1 2025 was 0.1 billion yuan, a turnaround from a loss of 0.11 billion yuan in Q1 2024, marking a 190.91% increase [1] - Operating revenue reached 2.4 billion yuan in Q1 2025, up 83.21% from 1.31 billion yuan in Q1 2024 [1] - The return on equity improved to 0.70% in Q1 2025 from -0.82% in Q1 2024, reflecting a 185.37% increase [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 16,154.23 million shares, accounting for 24.75% of the circulating shares, with a decrease of 498.34 million shares compared to the previous period [1] - The largest shareholder, 临沧飞翔冶炼有限责任公司, holds 8,957.92 million shares, representing 13.72% of the total share capital, with no change [2] - New entrants to the top ten shareholders include 韩军 with 227.77 million shares and 秦皇岛宏兴钢铁集团有限公司 with 218.92 million shares [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

Revenue and Profitability - The company's revenue for Q1 2025 reached ¥240,098,237.36, an increase of 83.78% compared to ¥130,646,765.98 in the same period last year[5] - Net profit attributable to shareholders was ¥10,199,386.70, a significant turnaround from a loss of ¥11,495,332.48 in the previous year, representing a growth of 188.73%[5] - The net profit after deducting non-recurring gains and losses was ¥7,142,366.89, up 147.51% from a loss of ¥15,033,041.08 in the same period last year[5] - The net profit for the current period was not explicitly stated, but the increase in operating revenue suggests a positive trend in profitability[33] - The company reported a net profit of ¥10,455,442.05, compared to a net loss of ¥11,368,013.91 in the previous period, indicating a significant turnaround in profitability[34] - Operating profit was ¥12,417,079.22, while the previous period showed an operating loss of ¥11,383,178.92, reflecting a strong operational performance[34] - The basic and diluted earnings per share were both ¥0.016, a recovery from a loss of ¥0.018 per share in the previous period[34] Assets and Liabilities - The company's total assets increased by 10.24% to ¥3,502,762,858.93 from ¥3,177,410,099.96 at the end of the previous year[11] - The total liabilities rose by 18.65% to ¥1,980,264,082.99, up from ¥1,668,966,416.80 at the end of the previous year[11] - Cash and cash equivalents increased to ¥658,169,938.40 from ¥519,725,673.31, reflecting a growth of approximately 26.7%[30] - Inventory levels rose to ¥809,227,750.62 from ¥691,358,719.71, indicating an increase of about 17.0%[30] - Short-term borrowings increased significantly to ¥534,519,836.11 from ¥309,842,530.99, representing an increase of approximately 72.6%[31] - Non-current liabilities rose to ¥1,044,738,018.02 from ¥821,330,699.20, indicating an increase of approximately 27.3%[31] - The company's total equity increased to ¥1,522,498,775.94 from ¥1,508,443,683.16, reflecting a growth of about 0.9%[32] Operating Costs and Expenses - Operating costs increased by 60.15% to ¥179,551,769.70, compared to ¥112,115,671.90 in the same period last year[12] - Total operating costs for the current period were ¥232,163,126.67, compared to ¥155,255,737.28 in the previous period, indicating an increase of about 49.6%[33] - The company incurred total operating expenses of ¥305,826,710.66, which increased from ¥292,230,657.28 in the previous period, reflecting rising costs[35] - R&D expenses increased by 60.33% year-on-year, totaling ¥16,511,461.42, primarily due to ongoing projects in compound semiconductor materials and photovoltaic-grade germanium products[18] - Financial expenses rose by 85.65% year-on-year to ¥13,681,486.21, mainly due to the amortization of financial liabilities related to the repurchase obligation of minority interests[19] - Credit impairment losses increased by 164.08% year-on-year, amounting to -¥2,974,697.55, attributed to higher provisions for bad debts on accounts receivable[19] - Income tax expenses surged by 2621.02% year-on-year to ¥1,962,796.26, driven by an increase in total profit[20] Cash Flow - Cash flow from operating activities was negative at -¥98,906,540.48, worsening by 66.04% compared to -¥59,569,115.40 in the previous year[5] - Operating cash inflows decreased by 11.06% year-on-year to ¥206,920,170.18, mainly due to cash received from sales being lower than the previous year[22] - Operating cash outflows increased by 4.65% year-on-year to ¥305,826,710.66, primarily due to higher raw material purchases and performance-related payments to employees[22] - Net cash flow from operating activities declined by 66.04% year-on-year to -¥98,906,540.48, reflecting reduced cash receipts from sales[22] - Cash inflows from financing activities rose by 80.99% year-on-year to ¥452,262,750.00, mainly due to increased investments from new shareholders and bank loans[22] - The company raised ¥452,000,000.00 through borrowings, compared to ¥248,383,857.47 in the previous period, indicating increased financing activities[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 106,815, with the top ten shareholders holding significant stakes[26] - The largest shareholder, Lincang Feixiang Smelting Co., Ltd., holds 13.72% of shares, amounting to 89,579,232 shares, with 41,500,000 shares pledged[26] Future Outlook - The company plans to continue expanding its product offerings and market presence, focusing on new technologies and potential acquisitions[9] - The company did not report any significant new product launches or market expansions during this period[37]

证券代码：002428 证券简称：云南锗业 公告编号：2025-026 云南临沧鑫圆锗业股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议的召开和出席情况 1、会议通知情况：云南临沧鑫圆锗业股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日在《证券时报》《中国证券报》《上海证券报》《证券日报》及 巨潮资讯网（http://www.cninfo.com.cn）上刊登了《云南临沧鑫圆锗业股份有 限公司关于召开 2024 年年度股东大会的通知》。 2、召集人：公司董事会 3、表决方式：采取现场投票与网络投票相结合的表决方式 4、会议召开时间： 现场会议召开时间为：2025 年 4 月 25 日（星期五）下午 14:30 开始； 网络投票时间为： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 4 月 25 日上午 9:15—9:25、9:30-11:30，下午 13:00-1 ...