Group 1 - The company provided guarantees for its subsidiaries, including a maximum guarantee of USD 60 million for Shengtun Metal International and USD 800,000 for Brother Mining SASU [2][4] - The total amount of external guarantees provided by the company and its subsidiaries is CNY 664,977.12 million, accounting for 42.97% of the company's latest audited net assets [10] - The company has no overdue external guarantees [3][5] Group 2 - The company reported a revenue of CNY 25.73 billion in 2024, a year-on-year increase of 5.21%, and a net profit attributable to shareholders of CNY 2.005 billion, an increase of 657.63% [11][12] - The main business gross profit margin reached 19.15%, an increase of 8.21 percentage points compared to the previous year, driven by significant revenue growth in cobalt and copper products [11][13] - The company’s copper product gross margin was 35.23%, while cobalt product gross margin was 43.55%, reflecting strong profitability in these segments [16][17] Group 3 - The company’s overseas assets amounted to CNY 14.392 billion, accounting for 38.35% of total assets, with overseas revenue of CNY 14.466 billion, representing 57.71% of total revenue [35][36] - The overseas business gross margin has consistently exceeded that of domestic operations by more than 24 percentage points over the past three years [35][36] - The company’s overseas projects in the Democratic Republic of Congo and Indonesia have significantly contributed to its revenue growth, with the Congo project showing a revenue increase of 79.09% [38][39]

Core Viewpoint - The company reported significant growth in revenue and net profit for 2024, driven by increased sales of copper and cobalt products, despite a decline in trade services revenue [2][3][19]. Financial Performance - The company achieved operating revenue of 25.73 billion yuan in 2024, a year-on-year increase of 5.21% [2]. - The net profit attributable to shareholders reached 2.005 billion yuan, marking a substantial increase of 657.63% compared to the previous year [2]. - The gross profit margin for the main business was 19.15%, an increase of 8.21 percentage points year-on-year [3]. Product Performance - The gross margins for copper and cobalt products were notably high, at 35.23% and 43.55% respectively, with significant contributions to overall profitability [6][9]. - Revenue from copper products was approximately 10.48 billion yuan, while cobalt products generated about 1.46 billion yuan [7]. - The company’s cobalt production increased, contributing to a revenue growth of approximately 22.40% year-on-year [10]. Market Dynamics - The average annual price of copper was approximately 9,147.88 USD per metric ton, reflecting a year-on-year increase of 7.83% [3]. - Cobalt prices decreased by about 22.63% year-on-year, impacting the overall revenue from cobalt products [3]. - Zinc prices increased by approximately 8.18% year-on-year, contributing to revenue growth in the zinc segment [4]. Trade Services and Other Products - Revenue from trade services and other products decreased by 61.58% year-on-year, but the gross margin improved significantly [3][12]. - The company’s strategy to reduce trade business scale led to a substantial drop in revenue from this segment, but the gross margin increased to 15.94% [12][14]. Quarterly Performance - In the second half of 2024, the company reported total operating revenue of 14.32 billion yuan, a year-on-year increase of 28.52% [16]. - The fourth quarter alone saw revenue of 8.07 billion yuan, reflecting a year-on-year growth of 32.43% [16]. - There was a notable discrepancy between revenue growth and net profit trends in the third and fourth quarters, attributed to various operational factors [17][18]. International Operations - The company’s overseas assets totaled 14.39 billion yuan at the end of 2024, accounting for 38.35% of total assets [19]. - Overseas revenue reached 14.47 billion yuan, representing 57.71% of total revenue, an increase of 16.23 percentage points year-on-year [19].

证券代码：600711 证券简称：ST 盛屯 公告编号：2025-023 盛屯矿业集团股份有限公司 一、结合公司主要产品及原材料结构、价格走势以及同行业可比公司等情 况，说明公司 2024 年毛利率维持较高水平的合理性。 1. 2024 年主要产品价格走势情况如下： （1）铜价格走势 关于上海证券交易所对公司2024年年度报告 信息披露监管工作函回复的公告 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个别及连带责任。 盛屯矿业集团股份有限公司（以下简称"盛屯矿业"或"公司"）于近日收 到上海证券交易所出具的《关于盛屯矿业集团股份有限公司 2024 年年度报告的 信息披露监管工作函》（上证公函[2025]0336 号）（以下简称"《工作函》"）， 收到《工作函》后，公司高度重视，针对《工作函》中提到的问题积极与会计师 事务所进行了细致的研究与分析，结合公司实际情况，现将《工作函》的回复公 告如下： 问题 1.关于毛利率上涨。年报显示，公司 2024 年实现营业收入 257.30 亿 元，同比增长 5.21%；实现归母净利润 20.05 ...

证券代码：600711 证券简称：ST盛屯 公告编号：2025-024 盛屯矿业集团股份有限公司 关于担保进展的公告 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个别及连带责任。 重要提示： ●被担保人：盛屯金属国际贸易有限公司（以下简称"盛屯金属国际"）、 BROTHER MINING SASU（兄弟矿业单一简易有限公司）（以下简称"BMS"）。 ●宏盛国际资源有限公司（以下简称"宏盛国际"）为盛屯金属国际与摩科瑞 能源交易有限公司（以下简称"摩科瑞"）签署的《商业合同》中最高额不超过美 金陆仟万元整的预付款融资提供连带责任保证担保。 盛屯矿业集团股份有限公司（以下简称"公司"或"盛屯矿业"或"上市公司" ）及CHENGTUN CONGO RESSOURCES SARL（刚果盛屯资源有限责任公司）（以下简称 "CCR"）为下属公司BMS在ECOBANK RDC SA（以下简称"ECOBANK"）申请的最高 本金限额不超过800万美元整的贷款提供无条件保证担保。 ●本次是否有反担保：是 ●公司对外担保逾期的累计金额：无 一、为子公司提 ...

| 信永 中和会社师审 名 版 北京市东城区 朝阳 北大街 联系电话: +86 (010) 6554 2288 | | | | --- | --- | --- | | telephone: +86 (010) 6554 2288 | 8 号富华大厦 A座 9 层 | | | ShineWing | 9/F, Block A, Fu Hua Mansion, No.8, Chaoyangmen Beidajie, | | | +86 (010) 6554 7190 | Dongcheng District, Beijing, | 传真: | | certified public accountants 100027, P.R.China | | facsimile: +86 (010) 6554 7190 | 关于《盛屯矿业集团股份有限公司 2024 年年度报告的信息披露监管工作函》的 专项说明 报告号：XYZH/2025CDAA4F0032 盛屯矿业集团股份有限公司 上海证券交易所上市公司管理二部： 根据贵部《关于盛屯矿业集团股份有限公司 2024 年年度报告的信息披露监管工作 函》（上证公函[2025]03 ...

证券代码：600711 证券简称：ST盛屯 公告编号：2025-022 盛屯矿业集团股份有限公司 特此公告。 盛屯矿业集团股份有限公司 董事会 2025 年 5 月 10 日 关于参加厦门辖区上市公司 2024 年年报业绩说明会暨 投资者网上集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的互动交流，盛屯矿业集团股份有限公司(以下简称 "公司") 将参加由厦门证监局、厦门上市公司协会与深圳市全景网络有限公司 联合举办的"厦门辖区上市公司 2024 年年报业绩说明会暨投资者网上集体接待 日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 5 月 15 日（周四）15:40-17:00。届时 公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资 计划、股权激励和可持续发展等投资者 ...

Industry Overview - China's zinc concentrate production has shown a decline overall, stabilizing around 3.5 million tons since 2020. In 2023, domestic zinc concentrate production reached 3.69 million tons, a year-on-year increase of 11%. However, in 2024, production is expected to decrease to 3.4688 million tons, a year-on-year decline of 6.12% [1][10] - The supply situation for zinc ore in 2024 is significantly below expectations due to adjustments in mining plans, declining ore grades, and weather conditions. Advances in exploration technology, such as deep exploration techniques, are expected to uncover more zinc resources, providing a resource base for increased zinc concentrate production [1][10] Industry Chain Definition and Classification - The zinc mining industry encompasses a complete system from resource exploration to end-product application. The upstream focuses on exploration and mining, the midstream is dedicated to smelting and processing, and the downstream involves the application and recycling of zinc products across various industries [3] Development History - The development of China's zinc mining industry has gone through three stages: initial establishment, rapid growth, and integration upgrade. Initially, the industry was weak and relied on imports, but it gradually achieved self-sufficiency. After the reform and opening up, the industry experienced rapid growth with significant improvements in mining and smelting technologies. In the 21st century, the industry began to integrate and upgrade, focusing on technological innovation and resource recycling [5][6] Current Development Status - China is one of the world's major zinc resource countries, with proven zinc reserves ranking among the top globally. As of 2023, China's zinc reserves reached 59.9271 million tons, with significant concentrations in regions such as Inner Mongolia, Yunnan, and Qinghai [8][12] Key Enterprises Analysis - The competitive landscape of China's zinc mining industry is diverse and intense. Key players include: - Chihong Zn & Ge Co., Ltd., which has a complete industry chain and leading technology in zinc mining and processing [14][16] - Zhongjin Lingnan Nonfemet Company, which has a strong resource reserve and comprehensive industry chain layout [14][16] - Luoping Zinc & Electricity Co., Ltd., focusing on high-quality zinc smelting and processing [14][16] - Zijin Mining Group, a global mining giant with advanced technology and a global business network [14][16] Future Development Trends - Intelligent mining and ore selection are becoming important trends in the zinc mining industry, utilizing advanced technologies such as big data and AI to optimize mining processes [20] - The development of green smelting technology is crucial for sustainable development, focusing on energy conservation and resource recycling [21][22] - Extending the industry chain and enhancing product added value are key directions for transformation and upgrading, allowing companies to diversify and improve profitability [23]

Economic Development - The GDP growth rate of Yajiang County has ranked first in the state for four consecutive years, earning titles such as "Fastest Progress County" and "Significant Progress in High-Quality Development" in the province [1] - Yajiang County is rich in resources, with over 10 million kilowatts of hydropower potential and the largest spodumene lithium mine in Asia [1] Clean Energy Initiatives - Yajiang is leveraging its resource advantages by integrating clean energy with computing power and energy storage, following a "1+1>2" strategy [1] - The county has a planned photovoltaic capacity of 12 million kilowatts and hydropower capacity of 10 million kilowatts, with 5.3 million kilowatts already installed and 2.5 million kilowatts under construction [1] Agricultural Development - Yajiang is known as the "Hometown of Matsutake" and is expanding its mushroom industry by developing various products, including Matsutake sashimi and pizza, enhancing its agricultural tourism [2] - The county aims for a transaction volume of 1,530 tons and a value of 450 million yuan for edible mushrooms in 2024, with a digital platform for Matsutake that ensures freshness delivery nationwide within 48 hours [2] Mining Industry - Yajiang is focusing on developing its lithium mining sector into a "billion-dollar leading industry" while balancing economic growth with environmental protection [2] - The county has established partnerships with major companies like CATL and Tianqi Lithium to enhance its lithium processing capabilities [3]

Core Insights - Sichuan's Ganzi Prefecture has confirmed lithium resources of 220 million tons, making it a significant player in the lithium mining industry [1] - The lithium resources in Yajiang County are part of the core composition of the Mica Rare Metal Minefield and have the largest proven reserves of spodumene-type lithium ore globally [1] - Yajiang County has established partnerships with major industry players including CATL, Tianqi Lithium, and Shengtun, indicating strong collaboration in lithium resource development [1] Resource Details - The confirmed lithium spodumene resource is 220 million tons, with an additional 3.06 million tons of lithium oxide resources [1] - The mining rights for the Snowsky lithium mine have been obtained by CATL and Shengtun, while Tianqi Lithium's Cozala lithium mine has resumed full operations [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600711 证券简称：ST盛屯 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 √适用 □不适用 单位:元 币种:人民币 ■ 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ (二)非经常性损益项目和金额 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三)主要会计数据、财务指标发生变动的情况、原因 √适用 □不适 ...