Core Viewpoint - Jiangxi Copper announced the approval of several key proposals during its 15th meeting of the 10th Board of Directors, including applications for membership in the China Interbank Market Dealers Association and the issuance of non-financial corporate debt financing instruments [1] Group 1 - The company approved the proposal to apply for membership in the China Interbank Market Dealers Association [1] - The company also approved the proposal for its subsidiaries, Zhejiang Jiangxi Copper Fuyue and Ding Copper Industry Co., Ltd., to provide external guarantees [1] - Additionally, the company signed a cooperation framework agreement with China Ordnance Material Group Co., Ltd. [1]

Core Viewpoint - Jiangxi Copper has signed a three-year cooperation framework agreement with China Ordnance Material Group, focusing on the purchase and sale of cathode copper, crude copper, and electrolytic nickel, while also pursuing a cash acquisition of SolGold to enhance its global copper resource layout [1][3]. Group 1: Cooperation Agreement - The cooperation agreement will be effective from January 1, 2026, to December 31, 2028, covering transactions in cathode copper, crude copper, and electrolytic nickel [1]. - Expected annual transaction amounts include $600 million for overseas cathode copper, 2.5 billion RMB for Guangdong cathode copper, 600 million RMB for crude copper, and $50 million for overseas electrolytic nickel [1]. - Sales projections include 5.8 billion RMB for cathode copper, 500 million RMB for copper rods, 700 million RMB for aluminum ingots, 1.5 billion RMB for electrolytic nickel, 700 million RMB for zinc ingots, 30 million RMB for tin ingots, and 500 million RMB for precious and rare metals [1]. Group 2: Acquisition of SolGold - Jiangxi Copper announced a formal offer to acquire all issued shares of SolGold at 28 pence per share, valuing the target company at approximately £867 million [3]. - The board of SolGold has deemed the acquisition terms fair and is recommending shareholders support the deal [3]. - Jiangxi Copper has received irrevocable commitments from major shareholders, including BHP, Newmont, and Maxit Capital LP, representing about 25.7% of SolGold's shares [3]. Group 3: Industry Context - The copper industry is experiencing a shift towards consolidation among leading enterprises, with a significant reduction in processing fees for copper concentrate, impacting smelter profit margins [4]. - Jiangxi Copper's revenue figures for 2022 to 2024 are projected at 479.94 billion RMB, 521.89 billion RMB, and 520.93 billion RMB, with net profit expected to reach 6.962 billion RMB in 2024 [5]. - The company is enhancing its resource control and industry influence through strategic acquisitions and partnerships, particularly during a period of overall capacity adjustment in the industry [5].

Group 1 - Hualing Cable has terminated the acquisition of control over Hunan Xingxin Aerospace New Materials Co., Ltd. due to failure to reach agreement on specific terms, which will not adversely affect its operations or financial status [2] - Nanshan Aluminum plans to invest approximately $436.57 million to establish a 250,000-ton electrolytic aluminum project in Indonesia through its subsidiaries [3] - Wuzhou New Spring reported that its production and operational activities are normal, with no significant changes in the internal and external business environment, despite a stock price increase of over 20% [4] Group 2 - Aerospace Power clarified that its main business does not involve commercial aerospace and has no related investments, with revenue from this sector accounting for less than 2% [5] - Yidian Tianxia's stock will resume trading after completing a suspension for price volatility, with a cumulative price increase of over 100% during the suspension period [6] - Jiangxi Copper has signed a cooperation framework agreement with China Ordnance Material Group to supply cathode copper, crude copper, and electrolytic nickel, constituting a related party transaction [7] Group 3 - Dingtong Technology expects a 119.59% increase in net profit for 2025, driven by strong demand in the AI-driven communications connector market [9] - BAIC Blue Valley anticipates a net loss of between 4.35 billion and 4.65 billion yuan for 2025, despite a sales increase of 84.06% [10] - Minfeng Special Paper forecasts a 78% decrease in net profit for 2025, projecting a profit of around 1.57 million yuan [11] Group 4 - Changqing Co. expects a net loss of between 175 million and 215 million yuan for 2025 [12] - Hongbai New Materials anticipates a net loss of between 110 million and 150 million yuan for 2025, citing industry competition and increased operational costs as key factors [13] - Beiba Media projects a net loss of between 8 million and 12 million yuan for 2025, largely due to significant impairment losses from an associate company [14] Group 5 - Kuan She Co. expects a net loss of between 361 million and 433 million yuan for 2025, impacted by macroeconomic conditions and increased competition [15] - Shui Jing Fang forecasts a 71% decrease in net profit for 2025, with expected revenue dropping by 42% due to industry adjustments [17] - Haiyou New Materials anticipates a net loss of between 440 million and 520 million yuan for 2025 [18] Group 6 - Sanfangxiang expects a net loss of between 760 million and 840 million yuan for 2025, with losses increasing by 55.91% to 72.32% compared to the previous year [19] - Hongya CNC's controlling shareholder plans to increase shareholding by 30 million to 60 million yuan [21] - Top Software's shareholder plans to reduce its stake by up to 0.87% [22]

Core Viewpoint - Jiangxi Copper intends to issue debt financing tools not exceeding 250 billion RMB to expand financing channels and reduce costs [1][2]. Group 1: Company Announcement - Jiangxi Copper's board of directors approved a proposal to apply for membership registration with the China Interbank Market Dealers Association and to issue non-financial corporate debt financing tools [2]. - The proposed debt financing tools include medium-term notes up to 150 billion RMB and ultra-short-term financing bonds up to 100 billion RMB [1][2]. - The funds raised will be used for repaying interest-bearing debts, supplementing working capital, or for project acquisitions, in compliance with national laws and regulations [2]. Group 2: Meeting Details - The board meeting was held on January 19, 2026, in Nanchang, with all nine directors present [2]. - The meeting complied with the Company Law of the People's Republic of China and the company's articles of association [2].

格隆汇1月19日丨江西铜业(600362.SH)公布，公司第十届董事会第十五次会议审议通过议案，拟申请注 册中国银行间市场交易商协会会员资格并注册发行非金融企业债务融资工具，发行品种为中期票据、超 短期融资券等，其中中期票据不超过150亿元，超短期融资券不超过100亿元。 ...

每经AI快讯，1月19日，江西铜业（600362）(600362.SH)公告称，公司第十届董事会第十五次会议审议 通过议案，拟申请注册中国银行间市场交易商协会会员资格，并注册发行非金融企业债务融资工具，发 行品种包括中期票据和超短期融资券，其中中期票据不超过150亿元，超短期融资券不超过100亿元。 ...

Core Viewpoint - Jiangxi Copper (600362) has signed a cooperation framework agreement with China Ordnance Material Group Co., Ltd., focusing on the purchase and sale of products such as cathode copper, crude copper, and electrolytic nickel [1] Group 1 - The cooperation framework agreement includes key products like cathode copper, crude copper, and electrolytic nickel [1]

江西铜业股份有限公司第十届董事会 独立董事专门会议 2026 年第一次会议的审核意见 根据《上海证券交易所股票上市规则》《上市公司独立董事管理 办法》及《公司章程》等有关规定，江西铜业股份有限公司独立董事 于 2026 年 1 月 16 日召开专门会议，审核意见如下： 我们审议了《江西铜业股份有限公司关于与中国兵工物资集团 有限公司签订<合作框架协议>的议案》，认为本次交易条款公平合理， 符合公司和股东整体利益，同意公司与兵工物资签订《合作框架协议》。 我们同意将该议案提交公司第十届董事会第十五次会议审议，其中关 联董事应回避表决。 独立董事签署： 刘志宏 刘淑英 赖 丹 王 丰 2026 年 1 月 16 日 ...

| 股票代码：600362 | 股票简称：江西铜业 | | | 公告编号：临2026-003 | | --- | --- | --- | --- | --- | | 债券代码：243700 | 债券简称：25 | 江铜 | K1 | | 江西铜业股份有限公司关于子公司 浙江江铜富冶和鼎铜业有限公司 对外担保的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的 虚假记载、误导性陈述或者重大遗漏负连带责任。 重要内容提示： 担保人：浙江江铜富冶和鼎铜业有限公司（以下简称和鼎铜业） 被担保人：富冶集团有限公司（以下简称富冶集团） 截至 2025 年 12 月 31 日，和鼎铜业实际为富冶集团提供的担 保余额为 234,798 万元；富冶集团实际为和鼎铜业提供的担保余额为 822,818 万元（其中超出的 532,818 万元为富冶集团自愿为和鼎铜业 提供的担保）。 本次担保是否有反担保：是 对外担保逾期的累计金额：无 一、担保情况概述 （一）担保基本情况 为了满足和鼎铜业实际生产经营的需要，降低融资成本，拟以和 鼎铜业作为甲方；富冶集团作为乙方；江西和立环保科技有限公司（以 下简称和立环保）、江西 ...

江西铜业股份有限公司 关于与中国兵工物资集团有限公司 签订《合作框架协议》的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的 虚假记载、误导性陈述或者重大遗漏负连带责任。 重要内容提示： 江西铜业股份有限公司（以下简称公司）第十届董事会第十五 次会议审议通过了《江西铜业股份有限公司关于与中国兵工物资集团 有限公司签订〈合作框架协议〉的公告》，协议主要涉及阴极铜、粗 铜、电解镍等产品的购销。 中国兵工物资集团有限公司（以下简称兵工物资）持有江铜国 际贸易有限公司（以下简称江铜国贸，系公司控股子公司）29.52% 股份，根据《香港联合交易所有限公司证券上市规则》第 14A 章，兵 工物资属于公司的附属公司层面关联人，因此与兵工物资的交易构成 关联交易。遵照有关法律法规及证券上市规则，本公司第十届董事会 第十五次会议已审议通过该关联交易，本公司关联董事在审议上述交 易时回避表决，参会的非关联董事均投了赞成票。 本次交易未达到《香港联合交易所有限公司证券上市规则》及 /或《上海证券交易所股票上市规则》规定须提请股东会审批之情形， 无需提交本公司股东会审议。 一、协议签订的基本情况 （一）交易对方的 ...