Core Viewpoint - Hainan Mining's stock price decreased by 2.82% to 7.92 yuan as of July 31, 2025, with a trading volume of 291,008 shares and a transaction value of 231 million yuan [1] Company Overview - Hainan Mining primarily engages in the exploration, development, and sales of oil and natural gas, as well as the mining, processing, and sales of iron ore [1] - In 2024, 48.41% of the company's revenue was derived from oil and gas operations, while 37% came from iron ore activities [1] Financial Performance - In the first quarter of 2025, Hainan Mining reported a revenue of 1.189 billion yuan and a net profit of 160 million yuan [1] Share Buyback Activity - On July 31, Hainan Mining announced its first share buyback, acquiring 63,100 shares, which represents 0.03% of the total share capital, for approximately 500,000 yuan at a price range of 7.91 to 7.95 yuan per share [1]

证券代码：601969 证券简称：海南矿业 公告编号：2025-092 海南矿业股份有限公司 关于以集中竞价交易方式首次回购股份暨回购进展公告 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： 回购方案首次披露日 2025/2/25 回购方案实施期限 股东大会审议通过后 12 个月 预计回购金额 7,500万元~15,000万元 √减少注册资本 □用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 一、 回购股份的基本情况 海南矿业股份有限公司（以下简称"公司"）于 2025 年 3 月 12 日召开 2025 年第二次临时股东大会，审议通过了《关于以集中竞价交易方式回购股份方案的 议案》，同意公司以自有资金和股票回购专项贷款通过集中竞价交易方式回购公 司发行的人民币普通股（A 股）股票，回购价格上限为人民币 10.12 元/股，回购 资金总额不低于人民币 7,500 万元（含）且不超过人民币 15,000 万元（含）。回 购期限为自公司 2025 年第二次临时股东大会审议通过回购方案之日起不超过 12 ...

证券日报网讯7月31日晚间，海南矿业（601969）发布公告称，2025年7月31日，公司以集中竞价交易方 式首次回购股份63，100股，已回购股份占公司总股本比例为0.03%。 ...

Group 1 - Hainan Mining announced a share buyback of approximately 63,100 shares on July 31, 2025, representing 0.03% of the company's total share capital, with a total expenditure of about RMB 500,000 [2] - The highest transaction price during the buyback was RMB 7.95 per share, while the lowest was RMB 7.91 per share [2] Group 2 - For the year 2024, Hainan Mining's revenue composition is as follows: 48.41% from oil and gas exploration, development, and sales; 37.0% from iron ore mining, selection, and processing; 10.5% from bulk commodity trading and processing; and 4.08% from other businesses [2]

证券代码：601969 证券简称：海南矿业 公告编号：2025-092 二、首次回购股份暨回购进展情况 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》等相关规定，上市公司应当在首次回购股份事实发生的次一交 易日予以公告，应当在每个月的前 3 个交易日内公告截至上月末的回购进展情况， 现将公司依据决议首次回购股份的情况及实施回购股份的进展情况公告如下： 海南矿业股份有限公司 关于以集中竞价交易方式首次回购股份暨回购进展公告 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： | 回购方案首次披露日 | 2025/2/25 | | --- | --- | | 回购方案实施期限 | 股东大会审议通过后 12 个月 | | 预计回购金额 | 7,500万元~15,000万元 | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 63,100股 | | 累计已回购股数占 ...

Core Viewpoint - Hainan Mining (601969.SH) announced its first share buyback on July 31, 2025, through centralized bidding, indicating a strategic move to enhance shareholder value [1] Summary by Categories Share Buyback Details - The company repurchased a total of 63,100 shares, which represents 0.03% of its total share capital [1] - The highest transaction price for the repurchased shares was RMB 7.95 per share, while the lowest was RMB 7.91 per share [1] - The total amount paid for the repurchased shares was RMB 500,760, excluding transaction fees [1]

金融界消息 截至2025年7月30日收盘，海南矿业（601969）报收于8.15元，下跌0.73%，换手率1.6%， 成交量31.69万手，成交金额2.60亿元。 天眼查商业履历信息显示，海南矿业股份有限公司，成立于2007年，位于省直辖县级行政区划，是一家 以从事黑色金属矿采选业为主的企业。企业注册资本199879.2238万人民币，实缴资本164178.5939万人 民币。公司法定代表人为刘明东。 通过天眼查大数据分析，海南矿业股份有限公司共对外投资了28家企业，参与招投标项目1785次，知识 产权方面有商标信息12条，专利信息47条，此外企业还拥有行政许可494个。 来源：金融界 资金流向方面，今日主力资金净流出1388.63万元，占比成交额5.34%。其中，超大单净流出459.10万 元、占成交额1.77%，大单净流出929.53万元、占成交额3.58%，中单净流出流入1490.75万元、占成交 额5.73%，小单净流出102.12万元、占成交额0.39%。 海南矿业最新一期业绩显示，截至2025一季报，公司营业总收入11.89亿元、同比增长7.17%，归属净利 润1.60亿元，同比减少35.20%， ...

Market Overview - The steel raw materials sector increased by 0.68% on July 29, with Ordos leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Individual Stock Performance - Ordos (600295) closed at 10.30, up 3.83% with a trading volume of 294,300 shares and a turnover of 301 million yuan [1] - Hebei Steel Resources (000923) closed at 14.50, up 0.97% with a trading volume of 91,000 shares and a turnover of 131 million yuan [1] - Fangda Carbon (600516) closed at 4.94, up 0.82% with a trading volume of 256,500 shares and a turnover of 126 million yuan [1] - Guangdong Mingzhu (600382) closed at 5.50, up 0.73% with a trading volume of 75,400 shares and a turnover of 41.07 million yuan [1] - Hainan Mining (696109) closed at 8.21, up 0.24% with a trading volume of 365,500 shares and a turnover of 301 million yuan [1] - Jinling Mining (000655) closed at 8.43, unchanged with a trading volume of 152,000 shares and a turnover of 128 million yuan [1] - Baodi Mining (601121) closed at 6.51, down 0.15% with a trading volume of 94,100 shares and a turnover of 61.03 million yuan [1] - Steel Titanium Co. (000629) closed at 2.80, down 0.36% with a trading volume of 1,062,400 shares and a turnover of 2.95 million yuan [1] - Dazhong Mining (001203) closed at 12.16, down 1.06% with a trading volume of 176,100 shares and a turnover of 214 million yuan [1] Fund Flow Analysis - The steel raw materials sector experienced a net outflow of 74.95 million yuan from main funds, while retail investors saw a net inflow of 74.04 million yuan [1] - Ordos had a main fund net inflow of 6.24 million yuan, while retail investors contributed a net inflow of 32.98 million yuan [2] - Guangdong Mingzhu saw a main fund net inflow of 4.36 million yuan, but retail investors had a net outflow of 4.89 million yuan [2] - Hainan Mining had a main fund net inflow of 4.00 million yuan, with retail investors contributing a net inflow of 0.87 million yuan [2] - Fangda Carbon experienced a main fund net inflow of 3.34 million yuan, while retail investors had a slight net outflow [2] - Jinling Mining faced a main fund net outflow of 3.11 million yuan, but retail investors had a net inflow of 9.88 million yuan [2] - Baodi Mining had a significant main fund net outflow of 7.05 million yuan, with retail investors contributing a net inflow of 1.58 million yuan [2] - Hebei Steel Resources saw a main fund net outflow of 16.70 million yuan, while retail investors had a small net inflow [2] - Dazhong Mining experienced a main fund net outflow of 27.02 million yuan, but retail investors had a substantial net inflow of 28.58 million yuan [2] - Steel Titanium Co. faced a main fund net outflow of 39.02 million yuan, while retail investors had a net inflow of 22.44 million yuan [2]

Investment Rating - The report gives a "Buy" rating for Hainan Mining [7][50]. Core Views - Hainan Mining is focusing on three main sectors: iron ore, oil and gas, and new energy, with a strong resource base and a stable shareholding structure [9][12][50]. - The company has shown resilience in its iron ore business, maintaining high profit margins and expanding its oil and gas operations globally [7][9][38]. - The new energy segment is being developed through lithium mining and hydroxide production, with significant projects underway [7][44]. Financial Forecast - Projected revenues for 2025, 2026, and 2027 are expected to be 45.18 billion, 54.61 billion, and 62.93 billion yuan respectively, with year-on-year growth rates of 11.13%, 20.86%, and 15.25% [2][51]. - Net profit forecasts for the same years are 7.64 billion, 8.55 billion, and 9.64 billion yuan, with growth rates of 8.12%, 11.97%, and 12.67% [2][51]. - The company's PE ratios for 2025, 2026, and 2027 are projected to be 20.20x, 18.04x, and 16.01x, indicating a premium compared to peers [50][52]. Business Layout - Hainan Mining has a stable shareholding structure with Fosun Group as the controlling shareholder, focusing on strategic metal and energy mineral exploration, development, and sales [9][12]. - The company’s revenue composition for 2024 is expected to be 48.41% from oil and gas, 37% from self-extracted and processed iron ore, 10.50% from iron ore trading and processing, and 4.08% from other businesses [7][15]. - The iron ore segment has shown strong performance with a gross margin of 45.77% for self-extracted and processed iron ore, and 10.94% for trading and processing [7][15][37]. Growth Drivers - The iron ore business is the cornerstone of Hainan Mining, leveraging advanced mining technologies to maintain high efficiency and profitability [7][32]. - The oil and gas segment has seen continuous growth, with significant contributions from the Bajiao gas field and Malaysian oil fields [7][38]. - The company is actively investing in lithium mining and hydroxide production, with projects in Africa and plans for significant production targets in the coming years [7][44][45].

Market Overview - The Shanghai Composite Index rose by 0.65% on July 24, with 28 out of 33 sectors experiencing gains, led by the beauty care and non-ferrous metals sectors, which increased by 3.10% and 2.78% respectively [2] - The steel industry ranked third in terms of daily gains, with an increase of 2.68% [3] Fund Flow Analysis - The net inflow of capital in the two markets was 8.913 billion yuan, with 16 sectors seeing net inflows [2] - The non-ferrous metals sector had the highest net inflow of 7.736 billion yuan, followed by the non-bank financial sector with a net inflow of 5.644 billion yuan [2] Steel Industry Performance - The steel industry saw a net inflow of 1.473 billion yuan, with 37 out of 44 stocks in the sector rising [3] - Among the steel stocks, Baogang Co. had the highest net inflow of 1.443 billion yuan, followed by Hainan Mining and Dazhong Mining with net inflows of 109 million yuan and 106 million yuan respectively [3][4] Individual Stock Performance - The top three stocks with significant net outflows in the steel sector were Jiugang Hongxing, Bayi Steel, and Shagang Co., with outflows of 74.2516 million yuan, 62.2445 million yuan, and 55.7950 million yuan respectively [3][5] - The overall performance of steel stocks showed a strong positive trend, with a majority of stocks experiencing gains [3]