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]

证券代码：600711 证券简称：盛屯矿业 公告编号：2025-069 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法律责任。 重要提示： ●被担保人：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")、盛屯能源金属化学（贵州）有限公司（以下简称"盛屯能源金 属"）、四川高锗再生资源有限公司（以下简称"高锗再生"）、KALONGWE MINING SA（以下简称"KMSA"）、科立鑫（珠海）新能源有限公司（以下简称" 科立鑫（珠海）"）。 ●公司下属公司四川盛屯锌锗科技有限公司（以下简称"盛屯锌锗"）为公司 在浙商银行股份有限公司福州分行（以下简称"浙商银行福州分行"）申请的最高 额本金不超过人民币22,000万元整的授信提供连带责任保证担保。 公司及下属公司盛屯锌锗为盛屯能源金属在中国建设银行股份有限公司黔南州 分行（以下简称"建设银行黔南州分行"）申请的50,000万元整的借款提供连带责 任保证担保。 公司下属公司盛屯锌锗为高锗再生在雅安农村商业银行股份有限公司 ...

证券代码：600711 证券简称：盛屯矿业 公告编号：2025-070 盛屯矿业集团股份有限公司 经与深圳盛屯实业确认，本次解除质押的股份后续是否会用于质押尚不确定。 截至本公告日，公司控股股东及其一致行动人所质押的股份不存在平仓风险。 二、股份被质押 关于控股股东部分股份质押及解质押的公告 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。 重要内容提示： ●盛屯矿业集团股份有限公司（以下简称"公司"或"盛屯矿业"）控股股 东深圳盛屯集团有限公司（以下简称"深圳盛屯集团"）持有公司股份 457,494,897 股，占公司股份总数的 14.80%；公司实际控制人姚雄杰先生持有公 司股份 40,305,000 股，占公司股份总数的 1.30%。 ●截至本公告披露日，公司控股股东、实际控制人及其一致行动人累计持有 公司股份数量为 554,799,897 股，占公司总股本比例为 17.95%；本次股份质押 后，公司控股股东及其一致行动人累计质押公司股份数量 273,080,000 股，占其 持有公司股份的比例为 49.22%，占公司总股 ...

盛屯矿业集团股份有限公司 2025 年第二次临时股东会资料 二〇二五年十一月 1 盛屯矿业集团股份有限公司 2025 年第二次临时股东会资料 盛屯矿业集团股份有限公司 2025 年第二次临时股东会会议须知 股票代码：600711 股票简称：盛屯矿业 盛屯矿业集团股份有限公司 2025 年第二次临时股东会资料 股权登记日期：2025 年 11 月 21 日 会议召开日期：2025 年 11 月 28 日 为保证股东会的严肃性和正常秩序，除上述人员和董事会邀请参会的人员 外，公司有权拒绝其他人士入场。对于干扰股东会秩序、寻衅滋事和侵犯其他股 东合法权益的行为，公司有权采取必要措施予以制止并报告有关部门查处。 四、出席现场会议的股东（或其授权代表）必须在会议召开前十分钟到达会 场，办理签到登记，应出示以下证件和文件： 1、法人股东的法定代表人出席会议的，应出示本人身份证，能证明其法定 代表人身份的有效证明，持股凭证；委托代理人出席会议的，代理人还应出示本 人身份证、法人股东单位的法定代表人依法出具的授权委托书、加盖公章的营业 执照复印件。 2、个人股东亲自出席会议的，应出示本人身份证、持股凭证；委托代理人 出席会议 ...

证券代码：600711 证券简称：盛屯矿业 公告编号：2025-068 盛屯矿业集团股份有限公司 关于召开 2025 年第二次临时股东会提示性公告 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。 盛屯矿业集团股份有限公司（以下简称"公司"）定于 2025 年 11 月 28 日 以现场投票、网络投票相结合方式召开公司 2025 年第二次临时股东会。董事会 已于 2025 年 11 月 13 日在上海证券交易所网站(http：//www.sse.com.cn)披露 了《盛屯矿业集团股份有限公司关于召开 2025 年第二次临时股东会的通知》（公 告编号：2025-067）。根据相关规定，现发布本次股东会的提示性公告，具体内 容如下： 一、召开会议的基本情况 （一）股东会届次：2025 年第二次临时股东会 （二）股东会的召集人：公司董事会 （三）会议召开的日期、时间 现场会议时间：2025 年 11 月 28 日 14：30 网络投票时间：2025 年 11 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时 ...

Core Viewpoint - The A-share market in Fujian province experienced a significant decline, with multiple stocks plummeting, indicating a bearish trend in the region's equity market [1] Summary by Category Stock Performance - Haixia Innovation (300300) saw a drop of 18.26%, with a total market capitalization of 9.943 billion [2] - Zhongfutong (300560) decreased by 12.71%, with a market cap of 3.961 billion [2] - Ashi Chuang (300706) fell by 12.25%, with a market value of 5.102 billion [2] - Yuanxiang New Materials (301300) declined by 10.97%, with a market cap of 2.961 billion [2] - Aerospace Development (000547) dropped by 10.01%, with a total market capitalization of 19.8 billion [2] - Jiumuwang (601566) decreased by 9.99%, with a market cap of 9.522 billion [2] - Xinha Co. (003016) fell by 9.95%, with a market value of 3.654 billion [2] - Sanmu Group (000632) saw a decline of 9.93%, with a market cap of 3.124 billion [2] - Dahua Intelligent (002512) decreased by 9.93%, with a market value of 5.651 billion [2] - Longzhou Co. (002682) fell by 9.92%, with a market cap of 3.217 billion [2] - Xiamen Engineering Machinery (600815) dropped by 9.38%, with a market value of 6.511 billion [2] - Minfa Aluminum (002578) decreased by 8.96%, with a market cap of 3.529 billion [2] - Jianfa Heceng (603909) fell by 8.66%, with a market value of 3.136 billion [2] - Qingyuan Co. (603628) decreased by 8.68%, with a market cap of 3.733 billion [2] - Shengtun Mining (600711) dropped by 8.50%, with a total market capitalization of 35 billion [2]

Core Points - The A-share market in Fujian province experienced a collective decline, with several stocks dropping significantly, indicating a bearish trend in the region [1] Group 1: Stock Performance - Haixia Innovation saw the largest drop, falling by 18.26%, with a total market value of 99.43 billion [2] - Zhongfutong and Ashichuang also faced substantial declines, with decreases of 12.71% and 12.25% respectively [2] - Yuanxiang New Materials and Aerospace Development dropped nearly 11% and 10.01%, with market values of 29.61 billion and 198 billion respectively [2] Group 2: Other Notable Declines - Other companies such as Jiumuwang, Xinha Shares, and Sanmu Group experienced declines of around 10% [2] - Companies like Minfa Aluminum and Jianfa Heceng saw declines exceeding 8%, indicating a broader market downturn in the Fujian sector [2]

Group 1 - The core issue involves investor claims against Shengtun Mining due to false statements leading to financial discrepancies in their reported earnings and profits [1][2] - Shengtun Mining's financial misconduct includes overstating revenue by approximately 359.37 million yuan in 2021 and 84.15 million yuan in 2022, while also underreporting revenue in 2023 by about 78.19 million yuan [1] - The law firm is actively pursuing claims for investors who purchased Shengtun Mining shares between April 26, 2022, and April 22, 2024, and either sold or held their shares post-April 22, 2024 [2][3] Group 2 - Jin Yi Culture has also faced legal action for similar financial misreporting, with the company overstating inventory by 610 million yuan in 2020 and 637 million yuan in 2021 [2] - Investors who bought Jin Yi Culture shares between April 30, 2021, and May 1, 2023, are eligible to file claims, as the case is nearing its deadline [3] - The law firm has a history of successfully representing investors in securities fraud cases, having handled nearly 200 cases with favorable outcomes [3]