Zijin Mining Unveils 2026-2028 Production Plan and 2035 Vision, Targets Zinc (Lead) Output of 400,000-450,000 mt by 2028

[Lead Market Dynamics] Yesterday, Chilwee Power (00951) issued an announcement stating that Executive Director Zhou Longrui passed away due to illness on February 6, 2026.

[Lead Smelter Updates] Recently, Yunnan Chihong Zn & Ge Co., Ltd. (600497) responded to investor inquiries on an interactive platform, stating that the Huize mine is currently operating normally. After the completion of the Huize mine safety optimization project, the mine will resume its existing capacity release. The Hulunbuir Chihong rare and precious metals project has already commenced production, with an annual capacity of 380 mt of silver. The Yunnan Chihong comprehensive utilization of resources rare and precious metals project and the zinc alloy capacity expansion project are still in the preliminary planning stage, and whether these projects will ultimately proceed to construction remains uncertain.

[Lead-Acid Battery Enterprise Dynamics] According to data from Tianyancha APP, Shengyang Co., Ltd. (002580) has newly obtained a utility model patent authorization titled "A Wide Tab Grid for High-Rate Batteries". The patent application number is CN202520155826.9, and the authorization date is February 10, 2026. Since the beginning of this year, Shengyang Co., Ltd. has newly obtained 7 patent authorizations. Based on the company's 2025 interim report financial data, the company's R&D investment in H1 2025 was 40.4594 million yuan, up 0.07% YoY.