人民财讯1月16日电，据金钼股份（601958）消息，近日，金钼股份技术中心在高端钼合金材料加工领 域取得重要技术突破，其采用压力加工工艺成功开发出3mm无缝细径钼合金薄壁管，填补了国内此类 产品的空白。金钼股份表示，这一突破不仅为公司抢占高端钼合金材料市场奠定坚实基础，也为我国航 空航天、高端制造等战略性产业提供关键材料支撑。 ...

Core Viewpoint - Zijin Mining has signed a project cooperation and equity transfer agreement with Jintong Co., focusing on the integrated development and deep processing of the Shapinggou molybdenum mine in Jinzhai County, Anhui Province [1] Group 1: Project Details - Zijin Mining acquired 84% of the equity in Jinsan Molybdenum, which holds 100% rights to the Shapinggou molybdenum mine, for 5.91 billion yuan in October 2022 [1] - The Shapinggou molybdenum mine is the largest single molybdenum deposit globally, with a metal resource of 2.1 million tons, and is expected to produce an average of 22,100 tons of molybdenum annually after reaching full production [1] - The total investment for the project is approximately 30 billion yuan, with production expected to commence in 2029, increasing Zijin Mining's equity molybdenum resources to 2.9 million tons, accounting for one-third of the national total [1] Group 2: Equity Transfer and Cooperation - Zijin Mining will transfer 24% of Jinsan Molybdenum's equity to Jintong Co. for 1.731 billion yuan, resulting in a new ownership structure of 60% for Zijin Mining, 34% for Jintong Co., and 6% for Jinzhai County Urban Development Investment Co. [1] - Jintong Co. will lead the establishment of a new smelting company in the county, holding 51% of the shares, while Jinsan Molybdenum will hold 49%, ensuring collaboration in smelting and deep processing [2] - Jintong Co. is required to initiate the establishment and funding of the smelting company promptly, with a deadline for completion by December 2026; failure to meet obligations allows Zijin Mining to reclaim the 24% equity at a price determined by a third-party assessment or the original transfer price [2] Group 3: Company Performance - Zijin Mining is a leading global mining company with operations in gold, copper, zinc, and molybdenum, showing steady growth in financial performance [3] - Revenue projections for 2022-2024 are 270.33 billion yuan, 293.40 billion yuan, and 303.64 billion yuan, reflecting year-on-year growth rates of 20.09%, 8.54%, and 3.49% respectively; net profit for the same period is expected to be 20.04 billion yuan, 21.12 billion yuan, and 32.05 billion yuan, with growth rates of 27.88%, 5.38%, and 51.76% [3] - In the first three quarters of 2025, Zijin Mining achieved a revenue of 254.2 billion yuan, a year-on-year increase of 10.33%, and a net profit of 37.86 billion yuan, surpassing the total for 2024 with a growth of 55.45% [3]

新京报贝壳财经讯 1月15日，金钼股份发布公告称，将以17.31亿元对价收购紫金矿业转让的安徽金沙钼 业有限公司24%股权。交易完成后，公司将持有金沙钼业34%的股权，紫金矿业（或其全资子公司）持 有60%。此次收购旨在强化资源保障，巩固行业影响力，并加快实现沙坪沟钼矿开发建设。交易不构成 关联交易，无需提交股东会审议。 ...

Core Viewpoint - The non-ferrous metal sector is experiencing a strong upward trend, with significant inflows into related ETFs, indicating robust investor interest and potential for continued growth [1][12]. Group 1: Market Performance - The popular non-ferrous ETF, Huabao (159876), saw an intraday increase of 2.2%, currently up 1.41%, reaching a new high since its listing [1][12]. - As of January 15, the latest scale of Huabao ETF reached 1.453 billion, marking a historical peak and ranking first among three ETFs tracking the China Nonferrous Metals Index [1][12]. - The ETF has attracted a net subscription of 50.4 million units, with a total net inflow of 473 million over the past ten days [1][12]. Group 2: Stock Performance - Leading stocks in the sector include Hunan Silver, which surged over 6%, along with Chihong Zn & Ge, Jiangxi Copper, and Jinchuan Group, all rising more than 5% [4][15]. - Other notable performers include Western Mining and Zhongjin Lingnan, both showing positive gains [4][15]. Group 3: Industry Outlook - Analysts predict that the non-ferrous metal sector will continue to thrive due to multiple factors, including global capital expenditure cycles, manufacturing recovery, and improved domestic macro expectations [5][16]. - The sector is expected to enter a bull market by 2026, driven by a confluence of monetary, demand, and supply factors [5][16]. - The demand for strategic metals is anticipated to rise significantly, influenced by new technologies and geopolitical factors, with a focus on metals used in military applications [3][16]. Group 4: Copper Market Insights - China Galaxy Securities suggests that copper prices have substantial upward potential, as historical analysis shows that current prices, adjusted for inflation, have not reached previous supercycle highs [3][14]. - The ongoing reshaping of the international monetary order and the low copper-to-gold ratio indicate a favorable environment for copper investments [3][14]. - The convergence of the AI technology revolution and global order restructuring is expected to create a new supercycle for copper [3][14].

Core Viewpoint - Zijin Mining Group Co., Ltd. has signed a cooperation and equity transfer agreement with Jinduicheng Molybdenum Co., Ltd. for the integrated development and deep processing of the Shapinggou Molybdenum Mine in Anhui Province, marking a significant step in enhancing resource utilization and economic benefits [1][9]. Group 1: Cooperation Plan - The cooperation includes two main components: smelting cooperation and equity transaction [2]. - A smelting company will be established in the county where Jinsan Molybdenum Co., Ltd. operates, with a capital structure aligned with the development scale of the Shapinggou Molybdenum Mine [2]. - Jinduicheng Molybdenum Co., Ltd. will hold 51% and Jinsan Molybdenum Co., Ltd. will hold 49% of the smelting company's shares, with Jinduicheng Molybdenum leading the construction and operation [2]. Group 2: Equity Transaction - Zijin Mining will transfer 24% of Jinsan Molybdenum Co., Ltd. to Jinduicheng Molybdenum for a consideration of RMB 173.087 million [3]. - Post-transfer, Zijin Mining will hold 60%, Jinduicheng Molybdenum will hold 34%, and the remaining 6% will be held by Jinzhai County Urban Development Investment Co., Ltd. [3]. Group 3: Preconditions for Cooperation - Jinduicheng Molybdenum is required to initiate the establishment and funding of the smelting company promptly after signing the agreement, with a deadline for completion by December 2026 [4]. - If Jinduicheng Molybdenum fails to meet investment and operational commitments, Zijin Mining has the right to reclaim the transferred equity [4]. Group 4: Payment Terms - The payment for the equity transfer will be made in two installments: 50% within 20 working days of the agreement's effectiveness and the remaining 50% within 10 working days after the completion of the business registration changes for Jinsan Molybdenum [5]. Group 5: Corporate Governance of Jinsan Molybdenum - Jinsan Molybdenum will revise its articles of association to establish a modern corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board [6][7][8]. Group 6: Purpose and Impact of the Transaction - The Shapinggou Molybdenum Mine is a rare, large undeveloped porphyry-type molybdenum mine with significant resource reserves and high-grade ore [9]. - This cooperation aims to create a complementary advantage between Zijin Mining's mining development and Jinduicheng Molybdenum's smelting processing, promoting efficient development and extending the industrial chain [9].

Transaction Overview - The company will acquire a 24% stake in Anhui Jinsuo Molybdenum Co., Ltd. from Zijin Mining Group Co., Ltd. for a total consideration of RMB 173,087 million, resulting in the company holding a 34% stake in Jinsuo Molybdenum after the transaction [2][4] - The transaction does not constitute a related party transaction and is not classified as a major asset restructuring under relevant regulations [2][3] Board Decision - The company's board of directors approved the acquisition on January 14, 2026, and the transaction does not require shareholder approval [5] Shareholder and Financial Information - Zijin Mining's major shareholder is Minxi Xinghang State-owned Assets Investment and Operation Co., Ltd., holding 22.88% of the shares, with the actual controller being the Finance Bureau of Shanghang County, Fujian Province [6] - Jinsuo Molybdenum holds mining rights for the Shapinggou Molybdenum Mine, with a total molybdenum metal resource of 2.1 million tons and a planned development scale of 10 million tons of molybdenum ore per year [8] Purpose of the Transaction - The acquisition aims to enhance the company's resource security and industry influence while accelerating the development of the Shapinggou Molybdenum Mine to realize resource value and investment returns [13] Impact on the Company - The acquisition aligns with the company's strategic development and will not significantly impact its daily operations or financial status [14]

Mergers and Acquisitions - Zhongyuan Nepe announced plans to acquire 59% of its affiliate Zhongyuan Jikean for 143 million yuan, which will make Zhongyuan Jikean a wholly-owned subsidiary and included in the consolidated financial statements [1] - Jinchuan Co. intends to purchase 24% of Anhui Jinsan Molybdenum for 1.731 billion yuan, increasing its stake in the company to 34% [2] Earnings Disclosure - Muyuan Foods expects a net profit decline of 14.93% to 20.21% for 2025, projecting a profit range of 15.1 billion to 16.1 billion yuan [3] - Meijin Energy anticipates a net loss of 850 million to 1.25 billion yuan for 2025, compared to a loss of 1.143 billion yuan in the previous year, primarily due to market conditions affecting coal and coke prices [4] - Luoyang Molybdenum expects a net profit increase of 47.80% to 53.71% for 2025, projecting a profit range of 20 billion to 20.8 billion yuan [5] - Baofeng Energy forecasts a net profit growth of 73.57% to 89.34% for 2025, estimating a profit of 11 billion to 12 billion yuan [6] Shareholding Changes - Jiuzhitang's major shareholder Li Zhenguo plans to reduce his stake by up to 2%, amounting to no more than 16.9256 million shares, to repay due equity pledge financing [7] - Yifan Transmission's chairman Liu Jincheng intends to reduce his stake by up to 3%, comprising a maximum of 777,700 shares through centralized bidding and 1.5553 million shares through block trading [8] - Aidi Te's major shareholders plan to collectively reduce their stake by up to 3%, totaling no more than 3.1969 million shares [9] - Yuhua Tian's controlling shareholder plans to transfer 5% of its shares, amounting to 1.999296 million shares, through a pricing inquiry [10] Regulatory Issues - Tianji Co. received administrative regulatory measures due to multiple violations, including improper goodwill impairment testing and inaccurate financial accounting, with key executives being held responsible [11] - Wenfeng Co. announced that its vice president Qin Guofen has had his detention lifted and is now under a notice of investigation, with the company's operations remaining normal [12]

Core Viewpoint - The company will acquire a 24% stake in Anhui Jinsuo Molybdenum Co., Ltd. from Zijin Mining for a consideration of 1.731 billion yuan, increasing its total ownership in Jinsuo Molybdenum to 34% [1] Group 1 - The transaction does not constitute a related party transaction [1] - The acquisition does not qualify as a major asset restructuring [1] - Zijin Mining (or its wholly-owned subsidiary) will retain a 60% stake in Jinsuo Molybdenum after the transaction [1]

证券日报网讯 1月15日，金钼股份发布公告称，公司2025年度审计报告签字注册会计师由蒙锋变更为黄 朝阳，项目合伙人由黄朝阳变更为卞薄海，项目质量复核人员由李波变更为赵琰，变更后签字注册会计 师为黄朝阳、卞薄海，项目质量复核人员为赵琰。 （文章来源：证券日报） ...

Core Viewpoint - The company, Jinchuan Group Co., Ltd. (金钼股份), announced the acquisition of a 24% stake in Anhui Jinsan Molybdenum Co., Ltd. (金沙钼业) from Zijin Mining Group Co., Ltd. (紫金矿业) for a consideration of 1.731 billion yuan, increasing its total ownership in Jinsan Molybdenum to 34% [1] Group 1 - The acquisition aims to leverage the advantages of molybdenum industry development and enhance resource security, thereby strengthening the company's influence in the industry [1] - The transaction is also intended to accelerate the development and construction of the Shapingou Molybdenum Mine, allowing the company to realize resource value and obtain investment returns sooner [1]