二、监事会会议审议情况 （一）审议通过了《关于使用募集资金置换预先投入募集资金投资项目及 已支付发行费用的自筹资金的议案》 监事会认为：公司使用募集资金置换预先投入募集资金投资项目和已支付发 行费用的自筹资金的事项履行了必要的审批程序，符合《上市公司募集资金监管 规则》及《上海证券交易所上市公司自律监管指引第 1 号——规范运作》的相关 规定，置换时间距募集资金转入专户时间不超过 6 个月，不存在变相改变募集资 金投向和损害股东利益的情形，同意公司使用募集资金置换预先投入募集资金投 资项目的自筹资金 96,541.50 万元和已支付发行费用的自筹资金 52.36 万元，合 计 96,593.86 万元。 证券代码：600331 证券简称：宏达股份 公告编号：临 2025-057 四川宏达股份有限公司 第十届监事会第十三次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 四川宏达股份有限公司（以下简称"公司"或"宏达股份"）第十届监事会 第十三次会议通知于 2025 年 7 月 1 日以邮件、 ...

证券代码：600331 证券简称：宏达股份 公告编号：临 2025-056 四川宏达股份有限公司 第十届董事会第十八次会议决议公告 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法律责任。 一、董事会会议召开情况 四川宏达股份有限公司（以下简称"公司"或"宏达股份"）第十届董事会 第十八次会议通知于 2025 年 7 月 1 日以邮件、电话等方式发出，于 2025 年 7 月 4 日 14:30 以视频通讯方式召开。会议由董事长乔胜俊主持，应到董事 9 人， 实到董事 9 人。公司监事和高管人员列席了本次会议。本次会议的召集和召开符 合《公司法》等有关法律、行政法规、部门规章、规范性文件和《公司章程》的 相关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 （一）审议通过了《关于使用募集资金置换预先投入募集资金投资项目及 已支付发行费用的自筹资金的议案》 董事会同意公司以协定存款、通知存款方式存放募集资金存款余额。公司以 协定存款、通知存款方式存放募集资金存款余额不存在变相改变募集资金用途、 损害公司及公司股东特别是中小股东利益 ...

Core Viewpoint - The company announced a board meeting on July 4, 2025, to approve the use of raised funds to replace pre-invested project funds and self-raised funds for issuance expenses [1] Group 1 - The company plans to use a total of 966 million yuan in raised funds [1] - Of the total, 965 million yuan will be used to replace self-raised funds used for debt repayment, while 52,360 yuan will replace self-raised funds for issuance expenses [1] - The sponsor, CITIC Securities Co., Ltd., has expressed agreement with the proposal [1] Group 2 - The fund replacement complies with relevant regulations and does not require shareholder meeting approval [1]

四川宏达股份有限公司 关于签订募集资金专户存储三方及四方监管协议的公告 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法律责任。 证券代码：600331 证券简称：宏达股份 公告编号：临2025-055 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意四川宏达股份有限公司向特定对象 发行股票注册的批复》（证监许可〔2025〕1228 号），四川宏达股份有限公司 （以下简称"公司"或"宏达股份"）向特定对象发行股票 609,600,000 股，发 行价格为人民币 4.68 元/股，共计募集资金人民币 2,852,928,000.00 元，扣除发行 费用（不含税）人民币 18,169,569.81 元，募集资金净额为人民币 2,834,758,430.19 元。上述募集资金到位情况已经四川华信（集团）会计师事务所（特殊普通合伙） 验证，并由其出具了《验资报告》（川华信验（2025）第 0016 号）。 | 序 | 开户 | 银行名称 | 银行账号 | 存储金额 | 募集资 | | --- | --- | --- | --- | - ...

Core Viewpoint - The approval of the Yulong Copper Mine Phase III expansion project by the Tibet Autonomous Region Development and Reform Commission marks a significant step in enhancing copper production capacity, increasing from 1,989,000 tons/year to 3,000,000 tons/year, aligning with national strategies for resource security and economic development [2][4]. Group 1: Project Developments - The Yulong Copper Mine's Phase III project has received approval, which will include the construction of a new 1,100,000 tons/year beneficiation plant and an increase in hydrometallurgical capacity from 300,000 tons/year to 1,000,000 tons/year [4][5]. - The project is estimated to require a total investment of 4.79 billion yuan [5]. - The Yulong Copper Mine is expected to produce between 180,000 to 200,000 tons of copper metal annually after the completion of the Phase III project [6]. Group 2: Supply Chain and Capacity - The Yulong Copper Mine, along with the ongoing construction of the Jilong Copper Mine Phase II, is set to create a combined short-term, medium-term, and long-term supply increase in copper resources [8]. - The Jilong Copper Mine Phase II is projected to reach a production capacity of 300,000 to 350,000 tons/year upon completion in late 2025 [8]. - The overall copper production capacity from the Yulong Copper Mine is expected to significantly increase, with the mine's production in 2024 estimated at 177,000 tons, of which 159,000 tons will come from Yulong [4][6]. Group 3: Industry Context and Players - The development of copper resources in Tibet is being accelerated, with major companies like Zijin Mining, Zangge Mining, Western Mining, and Hongda Co. Ltd. involved in the projects [2][11]. - Zijin Mining has increased its stake in Jilong Copper Mine to approximately 57% after acquiring control of Zangge Mining, enhancing its resource portfolio [12]. - The profitability of Jilong Copper and Yulong Copper is notable, with projected revenues and net profits for 2024 reaching 12.83 billion yuan and 6.26 billion yuan for Jilong, and 10.62 billion yuan and 5.41 billion yuan for Yulong, respectively [14].

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2][9]. Core Insights - The company is set to issue 610 million shares at a price of 4.68 yuan per share, raising a total of 2.853 billion yuan to address liquidity issues and optimize its capital structure [5][6]. - The company primarily operates in phosphate chemicals and non-ferrous metal zinc smelting, with key products including phosphate series products, compound fertilizers, synthetic ammonia, and zinc ingots and alloys [5]. - The company has faced liquidity challenges due to a heavy debt burden from a contract dispute, necessitating the current fundraising efforts [6]. - The new controlling shareholder, Shudao Group, has committed to fully subscribe to the share issuance, reflecting confidence in the company's future [6][7]. - The company holds a 30% stake in the multi-dragon copper mine, which is expected to significantly boost production and revenue once developed [8]. Financial Summary - As of the end of 2024, the company is projected to achieve revenues of 3.723 billion yuan in 2025, with a year-on-year growth of 9.20% [11]. - The net profit attributable to the parent company is expected to reach 56.05 million yuan in 2025, reflecting a substantial year-on-year increase of 55.21% [11]. - The company's earnings per share (EPS) is forecasted to be 0.03 yuan in 2025, with a corresponding price-to-earnings (P/E) ratio of 290.04 [9][11].

Core Viewpoint - Sichuan Hongda Co., Ltd. is issuing shares to specific investors to raise funds for debt repayment and working capital supplementation, with a total fundraising amount of approximately 285.29 million yuan [5][6]. Group 1: Company Overview - The company is primarily engaged in phosphate chemicals and non-ferrous metal zinc smelting, with main products including phosphate series products, compound fertilizers, synthetic ammonia, zinc ingots, and zinc alloys [2][3]. - The company lacks supporting phosphate and zinc mineral resources, making its operations highly susceptible to macroeconomic policies, external environments, and national industrial policies [2][3]. Group 2: Financial Performance - The company's net profits for recent periods were 60.16 million yuan, -95.84 million yuan, 36.11 million yuan, and -35.93 million yuan, indicating significant volatility in profitability [4]. - The gross profit margins for the main business were 9.93%, 5.89%, and 7.29% over the reporting periods, reflecting fluctuations influenced by economic cycles and market conditions [3][4]. Group 3: Share Issuance Details - The type of shares being issued is domestic listed ordinary shares (A shares) with a par value of 1.00 yuan per share [5]. - The issuance will be conducted through a specific target offering to Shudao Group, with a share price set at 4.68 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [5][6]. - A total of 609.6 million shares will be issued, accounting for no more than 30% of the total share capital prior to the issuance [6]. Group 4: Industry Characteristics - The phosphate chemical industry is subject to national macro-control and self-regulation, with oversight from various governmental departments including the National Development and Reform Commission and the Ministry of Industry and Information Technology [14][15]. - The industry is characterized by significant regulatory scrutiny, particularly concerning product quality, safety production, and environmental protection [14][15]. - The non-ferrous metal industry, particularly zinc smelting, is regulated by the Ministry of Natural Resources and the Ministry of Industry and Information Technology, focusing on resource management and industry standards [24][25].

一、同意你公司向特定对象发行股票的注册申请。 证券代码：600331 证券简称：宏达股份 公告编号：临 2025-054 四川宏达股份有限公司 关于向特定对象发行股票申请 获得中国证券监督管理委员会同意注册批复的公告 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法律责任。 四川宏达股份有限公司（以下简称"公司"）于 2025 年 6 月 16 日收到中国 证券监督管理委员会（以下简称"中国证监会"）出具的《关于同意四川宏达股 份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕1228 号）（以 下简称"批复文件"），批复文件主要内容如下： 四川宏达股份有限公司董事会 2025 年 6 月 17 日 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案 实施。 三、本批复自同意注册之日起 12 个月内有效。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及时 报告上海证券交易所并按有关规定处理。 公司董事会将按照上述批复文件和相关法律法规的要求及公司股东会的授 权，在规定期限内办理本次向特定对象 ...

股票代码：600331 股票简称：宏达股份 四川宏达股份有限公司 SICHUAN HONGDA CO., LTD （四川省德阳市什邡市师古镇九里埂村） 向特定对象发行股票 募集说明书 （注册稿） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年五月 1-1-1 保荐人（主承销商） 四川宏达股份有限公司 募集说明书 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假记 载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、准确、完整。 中国证监会、上交所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，由此变化引致的投资风险，由投资者自行负责。 1-1-2 四川宏达股份有限公司 募集说明书 重大事项提示 一、风险提示 本公司特别提 ...

Core Viewpoint - Hongda Co., Ltd. has received approval from the Shanghai Stock Exchange for its plan to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission [1][2]. Group 1: Share Issuance Details - The total amount of funds to be raised through the issuance is 285,292.80 million RMB, which will be used for debt repayment and to supplement working capital [2]. - The shares will be issued at a price of 4.68 RMB per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing date [3]. - A total of 609,600,000 shares will be issued, representing no more than 30% of the total share capital before the issuance [4]. Group 2: Shareholder and Control Information - The shares will be issued to Shudao Group, the controlling shareholder of the company, which constitutes a related party transaction as per the listing rules [4]. - The issuance will not change the control of the company, as Shudao Group will maintain its status as the controlling shareholder after the issuance [4]. Group 3: Regulatory and Advisory Information - The issuance is sponsored by CITIC Securities Co., Ltd., with Guo Hao and Li Yanping serving as the sponsoring representatives [5].