内部编号:2025060066 宁波金田铜业(集团) 股份有限公司 及其发行的金田转债与金铜转债 定期跟踪评级报告 | 项目负责人: | 胡颖 | 2, 215 | huy ing@shxs j. com | | --- | --- | --- | --- | | 周文哲 | | 18 文化 | zwz@shxs j. com | | 项目组成员: | | | | | 评级总监: | 张明海 | 12-161 | | | 联系电话:(021)63501349 | | | | | 联系地址:上海市黄浦区汉口路 398号华盛大厦 14层 | | | | | 公司网站:www.shxsj.com | | | | 上海新世纪资信评估投资服务有限公司 Shanghai Brilliance Credit Rating & Tuvestors Service Co., Ltd. 本报告的评级结论是本评级机构依据合理的内部信用评级标准和程序做出的独立判断,未因评级对象和其他 任何组织或个人的不当影响改变评级意见。 本次跟踪评级依据评级对象及其相关方提供或已经正式对外公布的信息,相关信息的真实性、准确性和完整 性由资料提供方 ...

| 证券代码：601609 | 证券简称：金田股份 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | | | 债券代码：113068 | 债券简称：金铜转债 | | 宁波金田铜业（集团）股份有限公司 关于实施 2024 年年度权益分派后调整回购价格上限的公告 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。 宁波金田铜业（集团）股份有限公司（以下简称"公司"）于 2024 年 11 月 19 日召 开第八届董事会第四十六次会议，审议通过了《关于 2024 年第二期以集中竞价交易方式 回购公司股份方案的议案》，同意公司使用专项贷款及公司自有资金通过集中竞价交易 方式回购公司股份，用于转换公司可转债（以下简称"本次回购"）。公司拟用于本次 回购的资金总额不低于人民币 10,000 万元（含）且不超过人民币 20,000 万元（含）， 回购价格不超过人民币 8.61 元/股（含）；本次回购的实施期限为自公司董事会审议通 过本次回购股份方案之日起不超过 1 ...

| 证券代码：601609 | 证券简称：金田股份 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | | | 债券代码：113068 | 债券简称：金铜转债 | | 二、归还可转换公司债券募集资金情况 特此公告。 宁波金田铜业（集团）股份有限公司 关于闲置募集资金暂时补充流动资金部分归还的公告 公司于 2024 年 9 月 12 日、2024 年 10 月 14 日、2024 年 11 月 13 日、2024 年 12 月 9 日、2025 年 1 月 10 日、2025 年 2 月 12 日、2025 年 3 月 17 日、2025 年 4 月 10 日、2025 年 5 月 14 日分批将前述用于暂时补充流动资金的 700 万元、1,000 万元、1,000 万元、1,200 万元、1,400 万元、1,600 万元、1,300 万元、1,100 万 元、1,600 万元归还至"金铜转债"募集资金专用账户，用于"金铜转债"募投项 目建设资金的支付，并及时将上述募集资金的归还情况告知公司保荐机构及保荐 代表人。（具体内容详见公 ...

Group 1 - The A-share PEEK materials sector experienced a significant afternoon rally, with Shengbang Co., Ltd. rising nearly 8% [1] - Mingyang Technology saw an increase of over 5% [1] - Other companies such as Weike Technology, Jintian Co., Ltd., Huitong Co., Ltd., and Chongde Technology also followed suit with gains [1]

Industry Overview - The current copper industry chain in China is facing challenges characterized by "tight raw material imports, severe smelting competition, and difficult processing survival" [1] - Copper prices have shown a "roller coaster" trend this year, with the main futures contract experiencing significant fluctuations, reaching a peak before a sharp decline [2] - Analysts predict that copper prices will fluctuate between 75,000 to 83,000 yuan/ton in the coming month, with a strong resistance to decline in the medium to long term [1][3] Supply and Demand Dynamics - The core contradiction in the recent high-level copper price fluctuations is the "strong reality versus weak expectations" [2] - Domestic social inventory is at a historically low level, and actual copper consumption in China remains strong, supported by investments in power grids, home appliances, and new energy sectors [2] - Supply-side challenges include ongoing tightness in copper concentrate supply and expectations of production cuts at overseas smelting plants [2][3] Profitability and Business Strategies - The copper industry chain is currently under pressure, with upstream mining companies facing rising costs, midstream smelting companies forced to reduce production due to negative processing fees, and downstream processing companies struggling with unstable overseas trade [4] - Companies are adopting strategies such as exploring domestic and international copper resource supply sources and expanding recycled copper resources to ensure supply chain reliability [4] - The proportion of high-end products in copper processing is expected to increase significantly, with high-end products projected to account for 28% of total copper processing materials by 2025, up from 12% in 2020 [4][5] Transition to High-End Products - The copper processing industry is accelerating its transition to high-end products, with companies like Jintian Co. focusing on new energy sectors and advanced technologies [6] - The demand for high-purity copper and environmentally friendly products is increasing, necessitating continuous R&D and product iteration to meet higher technical requirements from downstream clients [6][7] - Jintian Co. employs a pricing strategy based on "raw material prices + processing fees," with profits primarily derived from processing fees [6] Risk Management - To mitigate risks associated with copper price fluctuations, companies like Jintian Co. engage in hedging based on order and production needs [7] - Commodity trading service providers are also playing a role in optimizing inventory, capacity, and risk management for enterprises in the industry [7]

Group 1 - The core opinion of the article is that Ningbo Jintian Copper Industry (Group) Co., Ltd. is implementing a differentiated dividend distribution plan for the fiscal year 2024, which has been legally reviewed and deemed compliant with relevant laws and regulations [1][5] - The differentiated dividend distribution is based on the total share capital minus the shares held in the company's repurchase account, with a proposed cash dividend of 1.10 yuan per 10 shares [3][4] - The legal opinion confirms that the differentiated dividend distribution does not harm the interests of the company or its shareholders, adhering to the Company Law and Securities Law [5] Group 2 - The company holds 32,317,091 shares in its repurchase account, which do not participate in the profit distribution [3] - The calculation for the ex-dividend reference price is based on the previous closing price minus the cash dividend, with no changes in circulating shares [4] - The impact of the differentiated dividend on the ex-dividend reference price is minimal, estimated to be less than 1% [4]

Core Viewpoint - The company announces adjustments to the conversion prices of its convertible bonds, "Jintian Convertible Bond" and "Jincopper Convertible Bond," in relation to the 2024 annual profit distribution plan, effective June 13, 2025 [1][5]. Group 1: Conversion Price Adjustments - The pre-adjustment conversion prices are set at 10.43 CNY/share for "Jintian Convertible Bond" and 5.90 CNY/share for "Jincopper Convertible Bond" [1][4]. - The adjusted conversion prices will be 10.32 CNY/share for "Jintian Convertible Bond" and 5.79 CNY/share for "Jincopper Convertible Bond" after a cash dividend distribution of 0.108 CNY/share [5]. - The adjustment formula for conversion prices is based on the company's bond issuance regulations, which account for changes in share capital due to dividends, stock splits, or new share issuances [4][5]. Group 2: Dividend Distribution - The company plans to distribute a cash dividend of 1.10 CNY (including tax) for every 10 shares held, without any capital increase or stock bonus [2][3]. - The dividend distribution will be based on the total share capital after accounting for shares held in the company's repurchase account [2][3]. - The cash dividend distribution is part of a differentiated cash dividend plan, with the specific details disclosed in the company's annual profit distribution announcement [5].

Core Viewpoint - Ningbo Jintian Copper Industry (Group) Co., Ltd. announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.110 yuan per share (tax included) for A shares [1][2]. Summary by Sections Dividend Distribution Plan - The profit distribution plan was approved by the company's board and will distribute a cash dividend of 1.10 yuan for every 10 shares held, with no capital reserve transfer or stock dividends planned for this year [2][3]. - The total number of shares participating in the distribution is 1,453,181,396 shares after deducting the repurchased shares from the total share count of 1,485,498,487 shares [3]. Key Dates - The key dates for the dividend distribution are as follows: - Equity registration date: June 12, 2025 - Last trading date: June 13, 2025 - Ex-dividend date: June 13, 2025 - Cash dividend payment date: June 13, 2025 [4]. Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in an actual distribution of 0.110 yuan per share [5]. - For shares held for less than one year, the tax will be calculated upon transfer of the shares, with the actual cash dividend remaining at 0.110 yuan per share [5][6]. Adjustments for Convertible Bonds - The company will adjust the conversion price of its convertible bonds ("Jintian Convertible Bonds" and "Jincopper Convertible Bonds") in accordance with the profit distribution, ensuring that the conversion price reflects the changes in share capital due to the dividend distribution [6][7]. Contact Information - For inquiries regarding the profit distribution, shareholders can contact the company's secretariat at 0574-83005059 [8].

关于实施 2024 年年度权益分派调整可转换债券转股价 格的公告 | 证券代码：601609 | 证券简称：金田股份 | 公告编号：2025-065 | | --- | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | | | 债券代码：113068 | 债券简称：金铜转债 | | 宁波金田铜业（集团）股份有限公司 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： 调整前转股价格："金田转债"转股价格为 10.43 元/股；"金铜转债"转股价 格为 5.90 元/股。 调整后转股价格："金田转债"转股价格为 10.32 元/股；"金铜转债"转股价 格为 5.79 元/股。 "金田转债"和"金铜转债"转股价格调整实施日期：2025 年 6 月 13 日。 价格为 5.90 元/股。详见公司于 2025 年 1 月 3 日披露的《关于部分限制性股票回 购注销完成不调整可转债转股价格的公告》（公告编号：2025-004）。 证券停复牌情况：适用 因实施 2024 年年度权益分派,宁波金田铜 ...

北京市鑫河律师事务所 地址：北京市西城区太平街 6 号富力摩根中心 E 座 901 室 邮编：100050 电话：（8610）59362077 传真：（8610）59362188 网址：www.xhlaw.cn 鑫河律师事务所 法律意见书 北京市鑫河律师事务所 关于宁波金田铜业（集团）股份有限公司 BEIJING X.H.LAW FIRM 北京市鑫河律师事务所 关于宁波金田铜业（集团）股份有限公司 差异化分红事项的法律意见书 差异化分红事项的法律意见书 致：宁波金田铜业（集团）股份有限公司 北京市鑫河律师事务所（以下简称"本所"）接受宁波金田铜业（集团）股 份有限公司（以下简称"金田股份"或"公司"）的委托，就公司 2024 年度利 润分配所涉及的差异化分红（以下简称"本次差异化分红"）相关事项，根据《公 司法》、《证券法》、《上市公司股份回购规则》、《上海证券交易所股票上市 规则》、《上海证券交易所交易规则》、《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、法规及中国证监会、上海证券交易所的有 关规定，出具本法律意见书。 为出具本法律意见书之目的，本所律师审阅了金田股份与本次差异化 ...