擬於2025年12月29日舉行的2025年第一次臨時股東會代表委任表格 本人╱吾等 （附註1） 地址為 ， 為持有中國冶金科工股份有限公司（「本公司」或「中國中冶」）股本中每股面值人民幣1.00元的A股╱H股 （附註3 ） 共 股 （附註2） 的登記持有人，茲委任大會主席 （附註4） 或 ， | | 普通決議案 | （附註5） 贊成 | （附註5） 反對 | （附註5） 棄權 | | --- | --- | --- | --- | --- | | | 審議並批准：(a)本公司繼續根據本公司、北京中 | | | | | | 順金達貿易有限公司（「中順金達」）與山東省國際 | | | | | | 信託股份有限公司（「山東信託」）於2024年5月15 | | | | | | 日簽訂的現有擔保協議就中順金達從山東信託獲 | | | | | | 得的既有貸款向山東信託提供擔保；(b)本公司與 | | | | | | 中國五礦或其指定主體簽署反擔保協議，接受其 | | | | | | 向本公司提供的反擔保，直至本公司在現有擔保 | | | | | | 協議項下的擔保責任到期終止或解除。 | | | | | 3. | 審議 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因本通告全部或任何部份內容而產生或因倚賴該等內容而引 致 的 任 何 損 失 承 擔 任 何 責 任。 2025年度第一次臨時股東會通告 茲通告 中 國 冶 金 科 工 股 份 有 限 公 司（「本公司」）將 於2025年12月29日（星 期 一） 下午二時於中華人民共和國北京市朝陽區北三環東路2號北京維景國際 大酒店舉行2025年 度 第 一 次 臨 時 股 東 會（「臨時股東會」），以 審 議 及 酌 情 通 過（不 論 經 修 訂 與 否）以 下 決 議 案： 審議並批准：(a)本公司（作為賣方）向五礦地產控股有限公司（作為買方） 出售中冶置業集團有限公司全部股權以及本公司對中冶置業集團 有 限 公 司 的 債 權 之 交 易 及 相 關 安 排；(b)本 公 司（作 為 賣 方）、中 國 華 冶 科 工 集 團 有 限 公 司（作 為 賣 方）向 中 國 五 礦 集 團 有 限 公 司（作 為 買 方） 或其指定主體出 ...

中国冶金科工股份有限公司 2025 年第一次临时股东会 会议材料 二○二五年十二月 中国冶金科工股份有限公司 2025 年第一次临时股东会会议材料 目 录 | 会 | 议 | 须 | 知 2 | | --- | --- | --- | --- | | 会 | 议 | 议 | 程 3 | | 议案一 | | | 关于出售资产暨关联交易的议案 4 | | 议案二 | | | 关于出售子公司股权形成关联担保的议案 27 | | 议案三 | | | 关于变更 A 股募集资金用途的议案 32 | | 议案四 | | | 关于变更 H 股募集资金用途的议案 35 | 1 中国冶金科工股份有限公司 2025 年第一次临时股东会会议材料 会 议 须 知 为确保各位股东和股东代表依法行使股东权利，保证股东会的正 常秩序和议事效率，请遵守以下会议须知： 一、出席现场会议人员请将手机调至振动或关机，听从会议工作 人员安排，共同维护股东会的正常秩序。 二、主持人与董事会秘书将视会议情况安排股东和股东代表发言、 提问，组织公司有关人员回答股东和股东代表提出的问题。 三、会议采用现场记名投票与网络投票相结合方式表决，股东和 股东代表在会 ...

证券代码：601618 证券简称：中国中冶 公告编号：2025-060 中国冶金科工股份有限公司 关于召开2025年第一次临时股东会的通知 中国冶金科工股份有限公司（以下简称"中国中冶"、"本公司"、"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法律责任。 重要内容提示： 股东会召开日期：2025年12月29日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、召开会议的基本情况 （一）股东会类型和届次：2025年第一次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结 合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 29 日 14 点 00 分 召开地点：北京市朝阳区北三环东路 2 号北京维景国际大酒店 （五）网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 29 日 至2025 年 12 月 29 日 采用上海证券交易所网络投票系统，通过 ...

Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced the sale of non-core assets for approximately 60.68 billion yuan, aiming to focus on its core business, but the market reacted negatively, leading to a 21% drop in stock price and a market value loss of over 10 billion HKD [1][5] Group 1: Asset Sale Details - The company plans to sell 100% equity of MCC Real Estate and related debts for about 3.12 billion yuan, and 100% equity of several subsidiaries for approximately 2.94 billion yuan, totaling 60.68 billion yuan [1][2] - The total revenue of the six sold entities from January to July was 12.21 billion yuan, accounting for only 5.1% of the total revenue, with a combined net profit loss of 1.84 billion yuan [2][5] - The sale price represents a significant premium over the net asset value, with a total asset value of 83.64 billion yuan for the sold entities, which is 9.75% of the total assets [2][4] Group 2: Financial Impact - The sale is expected to increase the company's net assets by 11%, with a cash inflow of over 60 billion yuan, enhancing liquidity to support core business development [4][7] - The company has reported a decline in revenue and net profit over the past two years, with a 21.8% drop in engineering contracting revenue in the first half of 2025 [5][6] - The core business, particularly metallurgical construction, has a strong competitive advantage, with significant project contracts exceeding 100 billion yuan in the first half of 2025 [6][7] Group 3: Market Reaction and Valuation - The market's reaction to the asset sale was overly negative, with a significant drop in stock price, but this presents a buying opportunity for long-term investors, as the current price-to-book (PB) ratio is only 0.3, indicating high value potential [8]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced the sale of non-core assets for approximately 606.76 billion yuan, leading to a significant drop in stock price and market value, despite the potential for improved financial health and focus on core business areas [1][5][8] Group 1: Asset Sale Details - The company plans to sell 100% equity of China MCC Real Estate and related debts for about 31.24 billion yuan, and 100% equity of several other subsidiaries for approximately 29.44 billion yuan [1] - The total revenue from the six sold entities for the first seven months was 12.208 billion yuan, accounting for only 5.1% of total revenue, with a combined net profit loss of 1.841 billion yuan [2] - The total assets of the sold entities were 83.636 billion yuan, representing 9.75% of total assets, indicating minimal impact on overall company performance [2] Group 2: Financial Implications - The sale is expected to increase the company's net assets by 11%, with a cash inflow exceeding 600 billion yuan, enhancing liquidity for core business development [4][7] - The transaction includes a significant premium over the net asset value, with the sale of China MCC Real Estate involving a debt package that effectively increases the net asset value by 4.5% [2][3] - The company aims to utilize the proceeds to strengthen its core metallurgical construction business and invest in advanced research platforms and new industrialization initiatives [4][7] Group 3: Business Focus and Performance - China MCC's primary revenue sources are engineering contracting, specialty businesses, and comprehensive real estate, with engineering contracting accounting for 90.3% of total revenue [1][5] - The company has faced declining performance, with revenue and net profit dropping significantly in recent years, particularly in the engineering contracting and real estate sectors [5][6] - The divestiture of the loss-making real estate segment is expected to enhance overall profitability and improve cash flow, as the core business shows signs of margin improvement [7][8]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to sell core assets worth 60.676 billion yuan to its controlling shareholder, China Minmetals Group, raising concerns over asset value imbalance and unclear strategic transformation [1] Group 1: Asset Sale Details - The asset package includes China MCC's subsidiaries such as MCC Real Estate, MCC Copper Zinc, and Ruimu Management, with the sale price reflecting a significant portion of the company's market value [1] - The evaluation of the assets shows a stark contrast in value, with some assets experiencing a depreciation of up to 45.18%, while others have inflated valuations exceeding 419,666% [2][3] - The real estate segment, particularly MCC Real Estate, has been identified as a "profit black hole," contributing to substantial losses for the company [3] Group 2: Financial Performance - In 2024, MCC Real Estate is projected to incur a net loss of 4.9 billion yuan, worsening to a loss of 25.3 billion yuan in the first seven months of 2025, leading to a negative net asset value of 16.28 billion yuan [3] - The real estate business only contributes 3.4% to the overall revenue of China MCC, with a gross margin of 3.92%, significantly lower than the company's average profitability [3] Group 3: Mining Assets and Market Reaction - The sale includes profitable mining assets such as MCC Copper Zinc and MCC Jinji, which have shown high evaluation rates of 182.99% and 183.51%, respectively, raising questions about the rationale behind their sale [4][6] - The mining segment, despite contributing only 1.2% of revenue in the first half of 2025, generated 10.4% of the total profit, indicating its importance to the company's financial health [4] Group 4: Future Growth Concerns - The potential sale of the Aynak Copper Mine project, a significant asset with an estimated economic value exceeding 2 trillion yuan, has sparked investor concerns about the company's future growth prospects [8] - Investors are questioning the strategic reasoning behind the divestment of valuable mining assets, especially during a period of rising copper prices [6][9] - The company faces pressure to clarify its future development plans and how it intends to address the profitability gap created by the asset sales [9]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to sell core assets worth 60.676 billion yuan to its controlling shareholder, China Minmetals Group, raising concerns over asset value imbalance and unclear strategic transformation [1] Group 1: Asset Sale Details - The total sale price of 60.676 billion yuan includes the sale of China MCC's subsidiaries such as China MCC Real Estate, China MCC Copper Zinc, and Ruimu Management [1] - The evaluation of the assets shows a significant disparity in value, with some assets having an evaluation increase rate ranging from -45.18% to 419,666.17%, raising questions about the fairness of the transaction [1][2] Group 2: Financial Performance of Real Estate Business - China MCC Real Estate, which is responsible for the company's real estate operations, has become a "profit black hole," with a projected net loss of 4.9 billion yuan in 2024 and an even larger loss of 25.3 billion yuan in the first seven months of 2025 [3][5] - The real estate segment contributed only 3.4% to the overall revenue in 2024, with a gross margin of just 3.92%, significantly lower than the company's overall profitability [3][4] Group 3: Mining Assets and Their Importance - The mining assets being sold, including China MCC Copper Zinc and Huaye Duda, are crucial for profitability, contributing 10.4% to the total profit in the first half of 2025 despite only accounting for 1.2% of revenue [7] - The mining operations have seen significant increases in evaluation rates, with China MCC Copper Zinc at 182.99%, China MCC Jinji at 183.51%, and Huaye Duda at 789.57%, indicating their strong profit potential [7] Group 4: Controversy Over Asset Evaluation - The lack of transparency in the asset evaluation process has raised concerns among investors, particularly regarding the assumptions and parameters used in the evaluation methods [9] - The sale of the Aynak copper mine project, a significant asset with an estimated economic value exceeding 2 trillion yuan, has become a focal point of contention among long-term investors [10][11] Group 5: Future Outlook and Investor Concerns - The company faces significant pressure to clarify the reasons for divesting valuable mining assets and to outline a clear development plan post-sale to address potential profit gaps [12] - The stock price of China MCC has been declining, reflecting market skepticism about the company's future profitability following the asset sale [13]

Core Viewpoint - The integration of China Metallurgical Group Corporation's (China Metallurgy) subsidiary, China Metallurgical Real Estate (CMRE), with Minmetals Development is confirmed, alongside Minmetals' accelerated privatization process [1][5] Group 1: Transaction Details - China Metallurgy announced the sale of 100% equity in CMRE and related debts to Minmetals Development for a total transaction value of 31.236 billion RMB [1] - Additional sales include 100% stakes in several subsidiaries and a 67.02% stake in another subsidiary, totaling 29.439 billion RMB, bringing the overall transaction value to over 60.676 billion RMB [1] - The funds from this transaction will primarily support China Metallurgy's diversified business system, focusing on its core metallurgy business [1][4] Group 2: Financial Performance of CMRE - CMRE ranked 35th among China's top 100 real estate companies but has faced significant financial challenges, reporting a loss of 4.85 billion RMB in 2024 [3] - For the first half of 2025, CMRE reported revenue of 3.192 billion RMB, a 43.85% increase year-on-year, but still incurred a total profit loss of 1.834 billion RMB [3] - The losses are attributed to market adjustments, high project development costs, and heavy debt burdens [3] Group 3: Minmetals Development's Situation - Minmetals Development is undergoing privatization, with a proposed buyout price of 1.000 HKD per share, representing a premium of approximately 185.71% over the unaffected closing price [5] - Despite the high premium, Minmetals Development reported a revenue of 1.976 billion HKD and a net loss of 580 million HKD in the first half of the year [5] - The company aims to enhance operational flexibility and align its strategies with the core business of Minmetals Group amid a challenging real estate market [5][6]

Core Viewpoint - The visit by Chen Jianguang, Vice General Manager of China Minmetals Group and Chairman of China Metallurgical Group, to China ENFI Engineering Corporation emphasizes the importance of strategic planning for the 14th and 15th Five-Year Plans, focusing on reform, innovation, and talent development to enhance core competitiveness [3][7]. Group 1: Strategic Planning and Development - Chen Jianguang acknowledged the achievements of China ENFI in recent years and stressed the need for precise planning for the 15th Five-Year Plan [3][7]. - The emphasis is on deepening reforms and enhancing organizational management efficiency while strengthening talent development [3][7]. Group 2: Six Key Requirements for High-Quality Development - Strengthening Party Leadership: Emphasizing the integration of Party building with production operations and addressing existing gaps in grassroots project Party building [4][8]. - Solidifying Foundations: Continuing the "Three-Year Action for Basic Management Improvement" and ensuring effective connections between the "Nine Major Business Systems" and "Ten Major Improvement Projects" [4][8]. - Reform for Efficiency: Advocating for significant reforms to align production relationships with new productive forces and enhancing incentive mechanisms [4][8]. - Technological Innovation: Encouraging the integration of technological and industrial innovation, while establishing mechanisms for the conversion and sharing of technological achievements [4][8]. - Comprehensive Supervision: Maintaining strict oversight through a four-in-one supervision system, focusing on preemptive business supervision and establishing long-term mechanisms to address vulnerabilities [4][8]. - Cultivating a Positive Culture: Promoting a unified corporate culture and creating a fair environment for employee growth, particularly for younger employees [4][8].