Core Viewpoint - The company has announced a profit distribution plan for the first three quarters of 2025, which includes a cash dividend of 0.05 yuan per share for all shareholders [1][2]. Distribution Plan - The profit distribution plan was approved at the company's first extraordinary general meeting of shareholders on November 10, 2025 [1]. - The cash dividend of 0.05 yuan per share (including tax) will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration [1][2]. - The total cash dividend to be distributed amounts to approximately 151.6 million yuan, which represents 8.91% of the net profit attributable to shareholders for the first three quarters of 2025 [2]. Dividend Calculation - The calculation for the cash dividend per share is based on the formula: (Total shares participating in distribution × Actual cash dividend per share) ÷ Total shares [3]. - The reference price for ex-dividend trading will be adjusted based on the cash dividend distributed [3]. Implementation Method - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated transactions able to receive their dividends on the payment date [4]. - The controlling shareholder, Shenzhen Shengtun Group Co., Ltd., will receive its cash dividends directly from the company [5]. Taxation Information - Individual shareholders holding non-restricted shares for over one year will not be subject to personal income tax on the cash dividends, while those holding for one year or less will have taxes calculated upon the sale of shares [6]. - For foreign institutional investors (QFII), a 10% withholding tax will be applied to the cash dividends [7]. - Hong Kong investors will receive cash dividends through the China Securities Depository and Clearing Corporation Limited, with a 10% withholding tax applied [8].

Core Points - The company plans to distribute a cash dividend of 0.05 yuan per share for the first three quarters of 2025, approved at the first extraordinary general meeting of shareholders on November 10, 2025 [2][4] - The total cash dividend to be distributed amounts to approximately 151.6 million yuan, which represents 8.91% of the net profit attributable to shareholders for the first three quarters of 2025 [4] Distribution Plan - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration date [3] - The company will not conduct any capital reserve conversion to increase share capital or other forms of profit distribution [4] Implementation Details - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, and shareholders who have designated transactions can receive their cash dividends on the payment date [7] - For shareholders holding non-restricted shares, the actual cash dividend after tax will be 0.05 yuan per share for those holding shares for more than one year, while those holding for one year or less will have taxes calculated upon the transfer of shares [9][11] Taxation Information - The tax rate for individual shareholders varies based on the holding period, with a 20% tax for holdings of one month or less, and a 10% tax for holdings between one month and one year [9] - For qualified foreign institutional investors (QFII), a 10% tax will be withheld, resulting in a net cash dividend of 0.045 yuan per share [11]

证券代码：600711 证券简称：盛屯矿业 公告编号：2025-071 盛屯矿业集团股份有限公司 2025年前三季度权益分派实施公告 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。 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关法律、行政法规、部门规章、规范性文件以及《公司章 每股分配比例 A 股每股现金红利0.05元 相关日期 重要内容提示： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放 | | --- | --- | --- | --- | --- | | | | | | 日 | | Ａ股 | 2025/12/3 | － | 2025/12/4 | 2025/12/4 | 差异化分红送转： 是 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 11 月 10 日的2025年第 ...

本次权益分派股权登记日为：2025年12月3日，除权除息日为：2025年12月4日。 格隆汇11月27日丨盛屯矿业（维权）(600711.SH)发布2025年前三季度权益分派实施公告,截至本公告披 露日，公司总股本30.91亿股，扣除公司回购专户中的股份数5862.3万股后，以30.32亿股为基数，以此 计算合计拟派发现金红利1.52亿元（含税），占2025年前三季度归属于上市公司股东净利润的比例 8.91%。 ...

Core Viewpoint - Shengtu Mining's stock price has seen significant fluctuations, with a year-to-date increase of 144.81%, but a recent decline of 5.22% over the past five trading days [1] Group 1: Stock Performance - As of November 26, Shengtu Mining's stock price was 11.80 CNY per share, with a market capitalization of 36.469 billion CNY [1] - The stock experienced a net outflow of 3.2404 million CNY in principal funds, with large orders buying 83.6251 million CNY and selling 97.2158 million CNY [1] - The company has appeared on the trading leaderboard three times this year, with the most recent occurrence on October 9 [1] Group 2: Financial Performance - For the period from January to September 2025, Shengtu Mining achieved a revenue of 21.717 billion CNY, representing a year-on-year growth of 22.99%, while the net profit attributable to shareholders was 1.702 billion CNY, showing a slight increase of 0.06% [2] - The company's main business revenue composition includes 66.55% from energy metals, 27.88% from basic metals, and 5.56% from metal trading and other services [1] Group 3: Shareholder Information - As of September 30, the number of shareholders for Shengtu Mining was 140,900, an increase of 8.17% from the previous period, with an average of 21,929 circulating shares per shareholder, a decrease of 7.55% [2] - The company has distributed a total of 933 million CNY in dividends since its A-share listing, with 388 million CNY distributed in the last three years [3]

Group 1 - The metal lead concept increased by 3.17%, ranking fourth among concept sectors, with 32 stocks rising, including Huaxi Nonferrous and Luoping Zinc Electric hitting the daily limit [1] - The leading stocks in the metal lead sector included Shengtun Mining, Guocheng Mining, and Shengda Resources, which rose by 7.59%, 6.04%, and 5.48% respectively [1] - The metal lead concept sector saw a net inflow of 794 million yuan from main funds, with 25 stocks receiving net inflows, and 8 stocks exceeding 50 million yuan in net inflow [1] Group 2 - The top stocks by net inflow ratio included Luoping Zinc Electric, Shengtun Mining, and Xiyang Mining, with net inflow ratios of 52.90%, 10.27%, and 7.40% respectively [2] - Shengtun Mining led the net inflow with 211.55 million yuan, followed by Huayu Mining and Dazhong Mining with net inflows of 88.49 million yuan and 87.83 million yuan respectively [2][3] - The trading performance of the metal lead sector was highlighted by significant turnover rates, with Shengtun Mining at 5.64% and Huayu Mining at 5.57% [2]

Group 1 - The metal zinc concept increased by 3.07%, ranking 6th among concept sectors, with 35 stocks rising, including Huaxi Nonferrous and Luoping Zinc Electric hitting the daily limit [1] - Major gainers in the zinc sector included Shengtun Mining, Guocheng Mining, and Shengda Resources, which rose by 7.59%, 6.04%, and 5.48% respectively [1] - The zinc concept sector saw a net inflow of 712 million yuan from main funds, with 24 stocks receiving net inflows, and 7 stocks exceeding 50 million yuan in net inflow [1] Group 2 - The top stocks by net inflow ratio included Luoping Zinc Electric, Shengtun Mining, and Xiyang Mining, with net inflow ratios of 52.90%, 10.27%, and 7.40% respectively [2] - Shengtun Mining led the net inflow with 211.55 million yuan, followed by Huayu Mining and Dazhong Mining with net inflows of 88.49 million yuan and 87.83 million yuan respectively [2] - The trading volume and turnover rates for key stocks in the zinc sector were highlighted, with Shengtun Mining having a turnover rate of 5.64% [2]

Summary of Shengton Mining Conference Call Company Overview - Shengton Mining's core assets are concentrated in the Democratic Republic of Congo (DRC), including the Karongwe Copper-Cobalt Mine and newly acquired high-grade open-pit gold mine, as well as an Indonesian high-nickel production base. The company implements a global strategy of "controlling resources and expanding materials" to optimize revenue structure, with copper business being the main profit contributor [2][5][6]. Key Points and Arguments Resource Potential - The Karongwe Copper-Cobalt Mine has fully commenced production, achieving over 60,000 tons in 2023, with significant exploration potential in surrounding areas exceeding 300 square kilometers [2][10]. - The company holds a key copper mining exploration right near major mining areas, indicating substantial future resource potential [3]. - Optimistic outlook for cobalt prices, expected to exceed 500,000 RMB/ton by 2026, with a quota of 1,680 tons secured [3][5]. - New gold mine acquisition in DRC expected to yield 6-7 tons of gold annually at a cost of $300-$350 per ounce [2][16]. Financial Performance - Since 2022, Shengton has been optimizing its revenue structure by gradually divesting from trading businesses, leading to improved financial stability [7][8]. - Approximately 70%-80% of gross profit now comes from copper business, with significant improvements in cash flow, exceeding 3 billion RMB in the first three quarters of the year [8]. - The company anticipates substantial profit growth, potentially reaching 5-6 billion RMB in the future, driven by gold mining operations [4][21]. Strategic Developments - The company plans to acquire 84.68% equity in a Canadian-listed company for 1.35 billion RMB, enhancing its gold reserves and mining capabilities [16]. - The development strategy since 2016 has focused on global expansion and energy metals, with core assets primarily in DRC and smaller operations in China [6]. Operational Risks - Despite geopolitical risks in DRC, the company’s projects are located far from conflict zones, with stable operations in nearby mining areas [2][19]. - Transportation logistics are manageable, with plans for both land and air transport to ensure product delivery [20]. Additional Important Insights - Domestic mining assets are expected to improve significantly, with new projects in Dali and Guizhou projected to contribute additional copper and gold production [4][14]. - The nickel segment, while currently underperforming due to price fluctuations, has potential for profitability during favorable market conditions [12]. - The zinc smelting business is operating at full capacity but has faced some losses due to declining processing fees, though recovery is anticipated [15]. Conclusion - Shengton Mining is positioned for significant growth with a robust portfolio of mining assets, strategic acquisitions, and a focus on optimizing its operational efficiency. The company’s future profit potential appears strong, making it a compelling investment opportunity [21][22].

Group 1 - The company will hold its second extraordinary general meeting of shareholders for 2025 on November 28, 2025, using a combination of on-site and online voting methods [1][4][10] - The meeting will take place at the company's conference room located at 52nd floor, Xiangye International Building, 81 Zhanhong Road, Siming District, Xiamen, Fujian Province [2][4] - Shareholders registered by the end of November 21, 2025, will have the right to attend the meeting or vote online [3][5] Group 2 - The controlling shareholder, Shenzhen Shengtun Group Co., Ltd., holds 457,494,897 shares, accounting for 14.80% of the total shares, while the actual controller, Mr. Yao Xiongjie, holds 40,305,000 shares, accounting for 1.30% [11] - As of the announcement date, the total shares held by the controlling shareholder and its concerted actors amount to 554,799,897 shares, representing 17.95% of the total share capital [11] - After the recent pledge of shares, the controlling shareholder and its concerted actors have pledged a total of 273,080,000 shares, which is 49.22% of their holdings and 8.84% of the total share capital [11] Group 3 - The company has provided guarantees for its subsidiaries, including a maximum principal amount of RMB 220 million for a credit facility with Zheshang Bank [16][18] - The company has also provided guarantees for other subsidiaries, including a maximum principal amount of RMB 360 million with Postal Savings Bank and RMB 50 million with China Construction Bank [17][22] - The total amount of external guarantees provided by the company and its subsidiaries is RMB 779,763.99 million, which accounts for 50.39% of the company's latest audited net assets [32]

Core Insights - The energy metals sector experienced a significant decline of 8.9% on November 21, with Hanrui Cobalt leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Sector Performance - Major stocks in the energy metals sector saw substantial losses, with several companies reporting a decline of 10% or more, including: - Sai Rui Aluminum: -10.98% [1] - Ganfeng Lithium: -10.00% [1] - Tibet Mining: -10.00% [1] - Yongshan Lithium: -10.00% [1] - Shengxin Lithium Energy: -10.00% [1] - Rongjie Co., Ltd.: -10.00% [1] - Tianqi Lithium: -10.00% [1] - Yongxing Materials: -9.99% [1] - Shengtun Mining: -9.14% [1] - Huayou Cobalt: -8.94% [1] Capital Flow - The energy metals sector saw a net outflow of 3.769 billion yuan from major funds, while retail investors contributed a net inflow of 2.551 billion yuan [1] - Specific stock capital flows indicated: - Ganfeng Lithium: Major net outflow of 10.90 billion yuan [2] - Huayou Cobalt: Major net outflow of 9.51 billion yuan [2] - Tianqi Lithium: Major net outflow of 7.81 billion yuan [2] - Shengtun Mining: Major net outflow of 2.79 billion yuan [2] - Tibet Mining: Major net outflow of 1.71 billion yuan [2]