证券代码：603505 证券简称：金石资源 公告编号：2024-046 金石资源集团股份有限公司 关于以集中竞价交易方式回购股份的进展公告 二、回购股份的进展情况 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，在回购股份期间，上市公司应当在每个月的前 3 个交易日内公告截至上月末的回购进展情况，现将公司股份回购进展情况公告 如下： 2024 年 8 月，公司通过集中竞价交易方式已累计回购股份 618,700 股，占 公司总股本的比例为 0.1%，购买的最高价为 25.80 元/股、最低价为 23.88 元/ 股,支付的金额为人民币 15,450,677.40 元(不含交易费用)。 截至 2024 年 8 月 31 日，公司已累计回购股份 1,829,100 股，占公司总股本 的比例为 0.3%，购买的最高价为 26.18 元/股、最低价为 23.88 元/股,已支付的 总金额为人民币 46,140,142.40 元 (不含交易费用)。 上述回购符合相关法律法规的规定及公司回购股份方案的要求。 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 ...

证券代码：603505 证券简称：金石资源 公告编号：2024-045 金石资源集团股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2024 年 9 月 2 日(星期一) 至 9 月 6 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关系邮箱 webmaster@chinesekings.com 进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 金石资源集团股份有限公司（以下简称"公司"）已于 2024 年 8 月 9 日披露 了公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半 年度经营成果、财务状况，公司计划于 2024 年 9 月 9 日下午 13:00-14:30 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 （二） 会议 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Views - The company is positioned as a leading player in the fluorite industry, driven by a "resource + technology" strategy, with significant contributions from the Baotou "selection and processing integration" project to its semi-annual performance growth [1][5]. - The company has expanded its business into downstream fluorochemical and lithium-containing materials sectors since 2021, achieving breakthroughs in comprehensive recycling of resources [1]. Summary by Sections Company Overview - Established in 2001, the company focuses on the investment and development of strategic mineral resources, specifically fluorite, and has diversified into downstream applications [1]. - The company holds the largest proven reserves of fluorite resources in China, with approximately 27 million tons of ore and a mining capacity of 1.12 million tons per year across eight mines [1][2]. Production and Sales Performance - In the first half of 2024, the company produced approximately 183,100 tons of fluorite concentrate, a decrease of 2,210 tons year-on-year, primarily due to the temporary shutdown of a subsidiary's mine [1][5]. - The company reported a revenue of 1.12 billion yuan in the first half of 2024, a year-on-year increase of 100.2%, with a net profit of 170 million yuan, up 32.5% [5]. Strategic Projects - The company has initiated projects for the recovery of associated fluorite resources and lithium extraction from tailings, including a partnership with Baogang Group in Inner Mongolia [2][4]. - The Baotou project is expected to significantly enhance the company's profitability, with the fluorochemical segment contributing substantially to revenue growth [5]. Financial Forecast - The company forecasts revenues of 2.94 billion yuan for 2024, with net profits projected at 472 million yuan, reflecting a growth rate of 35.2% [6]. - The report anticipates a steady increase in profitability, with net profits expected to reach 886 million yuan by 2026 [6]. Market Position and Future Outlook - The company is expanding its global footprint by investing in fluorite resources in Mongolia, aiming for a production target of 200,000 to 300,000 tons of high-grade fluorite products within 1-2 years [4][5]. - The report emphasizes the company's commitment to becoming a leading resource development and processing enterprise with scarce resource advantages and technological leadership [5].

Financial Performance - Revenue in the first half of 2024 reached approximately 1.119 billion yuan, a year-on-year increase of 100.20% [4] - Net profit attributable to shareholders was approximately 168 million yuan, a year-on-year increase of 32.54% [4] - Net profit from the "selection and chemical integration" project in Baotou contributed over 59 million yuan [4] - Self-produced fluorite concentrate revenue was approximately 455 million yuan, slightly down year-on-year [4] Market and Pricing - Fluorite concentrate prices increased by approximately 13% year-on-year [6] - Sales volume of single mines decreased by 18%, with a reduction of 35,400 tons [6] - Fluorite product prices and demand typically peak in the fourth quarter [14] Strategic Projects - The Baotou "selection and chemical integration" project is positioned as a key raw material supply base for downstream enterprises [7] - The Mongolian project is currently building a pre-processing plant, with no immediate plans for chemical integration [10] Technological Advantages - The company emphasizes a "resource + technology" dual-drive strategy, focusing on green mining development [8] - Key technological strengths include pre-processing, flotation, and resource comprehensive utilization [9] - The company has developed efficient and low-cost filling mining solutions, improving resource recovery and environmental protection [9] Financial and Operational Management - The company's asset value significantly exceeds its book value, with individual mining rights valued at several hundred million yuan [7] - The company has substantial bank credit lines with favorable interest rates, supporting its cash flow and project expenditures [7] - The company is conducting share repurchases, potentially for future equity incentives or employee stock plans [12] Industry and Market Outlook - The Baotou government aims to build a 100-billion-yuan fluorine chemical industry cluster, benefiting the company's projects [7] - The company's fluorite products are sold in southern markets, including Quzhou, despite higher transportation costs [12] - The overall business gross margin decreased due to the lower毛利率 of fluorine chemical products compared to fluorite concentrate [13]

Investment Rating - The report assigns a "Buy-B" rating for Jinshi Resources (603505.SH) [1][3]. Core Views - The report highlights that the price of fluorite remains strong, and the Baotou project is driving performance growth. The company achieved a revenue of 1.119 billion yuan in H1 2024, a year-on-year increase of 100.20%, with a net profit attributable to shareholders of 168 million yuan, up 32.54% year-on-year [1][3]. - The report anticipates that the company's revenue will reach 2.844 billion yuan in 2024, with a year-on-year growth of 50.0%, and net profit attributable to shareholders will be 470 million yuan, reflecting a growth of 34.7% [3][4]. Summary by Sections Financial Performance - In H1 2024, Jinshi Resources reported a revenue of 1.119 billion yuan, a 100.20% increase year-on-year, and a net profit of 168 million yuan, up 32.54% year-on-year. The gross profit margin was 26.53%, a decrease of 21.53 percentage points year-on-year [1]. - For Q2 2024, the company achieved a revenue of 671 million yuan, a year-on-year increase of 71.67% and a quarter-on-quarter increase of 49.66%. The net profit attributable to shareholders was 107 million yuan, up 16.57% year-on-year and 76.87% quarter-on-quarter [1]. Business Segments - The Baotou project significantly contributed to the performance growth, with fluorite mine revenue of 663 million yuan in H1 2024. The company produced 252,800 tons of fluorite concentrate from three production lines [1]. - The report indicates that the company plans to produce 400,000 to 500,000 tons of various fluorite products in 2024, with the Baotou project expected to produce 500,000 to 600,000 tons of fluorite powder [1][3]. Future Outlook - The company is expanding its operations into Mongolia, with plans to invest 134 million yuan to acquire a 67% stake in a fluorite resource project. This project is expected to produce approximately 150,000 tons of high-grade raw fluorite products in 2024 [3]. - The report projects that the company's revenue will grow to 3.983 billion yuan in 2025 and 5.198 billion yuan in 2026, with corresponding net profits of 748 million yuan and 969 million yuan, respectively [4][6].

2024 年 8 月 14 日 市场数据 总股本(亿股) 6.05 总市值(亿元)： 153.73 一年最低/最高(元)： 20.47/35.68 近 3 月换手率： 35.16% 公司研究 24H1 业绩表现亮眼，包头"选化一体"项目贡献业绩增量 ——金石资源（603505.SH）2024 年半年报业绩点评 要点 事件：公司发布 2024 年半年报，2024H1，公司实现营业收入 11.19 亿元，同 比增长 100.20%；实现归母净利润 1.68 亿元，同比增长 32.54%。2024Q2 单 季度，公司实现营业收入 6.71 亿元，同比增长 71.67%，环比增长 49.66%；实 现归母净利润 1.07 亿元，同比增长 16.57%，环比增长 76.86%。 24H1 公司营收、净利润均大幅上涨，包头"选化一体"项目贡献业绩增量。24H1， 公司营业收入及净利润增长幅度均较大，营业收入的增长主要来自于金鄂博氟化 工逐步投产后，无水氟化氢的销售收入以及对外销售包钢金石萤石粉的贸易收入 共计 6.39 亿元，同比增加 6916.7%。净利润增长主要来自于包头"选化一体" 项目，金鄂博氟化工和包钢金石共实 ...

金石资源 20240812_原文 2024 年 08 月 12 日 22:22 发言人 00:00 投资者大家下午好，我是证券化工研究员毕辉。今天我们非常有幸邀请到我们金石资源的董秘带走。然后 对于我们新发布的一个中报，我们稍微聊一聊，以及公司目前一些项目的一些进展，我们做一个更新。对 戴总能听到吗？可以，好的，戴总，那就什么？ 发言人 00:28 因为今年上半年的一个经营情况，我们先给各位投资者做一个介绍。因为我们通过中报也看到了，我们上 半年这个单一型饮水矿这个量是稍微有些减少的，但是价格是增长的。另外氢酸这一边好像看起来，它这 个上半年销量 49000 吨，就是跟我们年初的一个目标的预期可能是有一点差距。然后这里面是一个什么样 的原因？对，戴总，我稍微先简单介绍一下整体的一个情况。反正大家看到了上半年其实我们这个营收规 模增长还是比较快的，是吧？就是说 11 个多亿其实增长了百分之百，然后利润是 1.68，增长了 33%。 发言人 01:21 大家也看到了，就刚刚机会也讲了，其实我们这个增长，最主要还是来自于包钢的包头的这个雪花一体项 目，其中新诺博的这个营收有六个多亿。它其实是两块构成的。第一个就刚才 ...

Investment Rating - The report maintains an "Outperform" rating for the company, indicating a positive outlook compared to the market [6]. Core Insights - The company reported a significant year-on-year revenue increase of 100% for the first half of 2024, reaching 1.12 billion yuan, with a net profit of 168 million yuan, reflecting a 33% increase [6]. - The report highlights that the stricter environmental and safety regulations have led to an increase in fluorite prices, which is expected to continue benefiting the company's performance [6]. - The company has successfully resumed operations at its mining site and acquired a mining license in Mongolia, which is anticipated to contribute positively to future revenue growth [6]. Financial Summary - For the first half of 2024, the company achieved a revenue of 1.12 billion yuan, with a net profit of 168 million yuan, and a significant increase in sales volume and price of fluorite in the second quarter [6][7]. - The projected revenues for 2024, 2025, and 2026 are 2.73 billion yuan, 4.38 billion yuan, and 5.38 billion yuan respectively, with corresponding net profits of 510 million yuan, 772 million yuan, and 971 million yuan [7][9]. - The earnings per share (EPS) are forecasted to be 0.84 yuan, 1.28 yuan, and 1.61 yuan for the years 2024, 2025, and 2026 respectively, with a price-to-earnings (PE) ratio of 30X, 20X, and 16X [6][7][9].

Company and Industry Summary Company Involved - The company discussed in the conference call is 声望化工 (Shengwang Chemical) [1] Key Points and Arguments - The conference call was led by the chief executive, 宋超 (Song Chao) [1] - There is a strong emphasis on the legal implications of leaking or disseminating the conference call minutes, indicating the company's focus on protecting sensitive information [1] Other Important but Possibly Overlooked Content - The company reserves the right to pursue legal action against individuals who leak or share the conference call minutes, highlighting the importance of confidentiality in corporate communications [1]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company achieved a revenue of 1.12 billion yuan in H1 2024, a year-on-year increase of 100.2%, and a net profit attributable to shareholders of 168 million yuan, up 32.5% year-on-year [1] - The significant growth in performance is attributed to the ramp-up of the Baotou "selection and processing integration" project, with Q2 revenue reaching 670 million yuan, a 72% increase year-on-year and a 50% increase quarter-on-quarter [1] - The report highlights that the second quarter saw a decline in single mineral sales due to production halts, but the Baogang selection and processing project contributed positively to performance [1] - The report anticipates a price rebound in Q4 due to seasonal demand, despite a recent price correction in the second quarter [1] Financial Summary - The company is projected to achieve net profits of 718 million yuan, 1.24 billion yuan, and 1.46 billion yuan for the years 2024, 2025, and 2026 respectively, corresponding to P/E ratios of 21.4, 12.4, and 10.5 times [1][5] - The financial indicators show a significant increase in revenue from 1.05 billion yuan in 2023 to an estimated 3.58 billion yuan in 2024, reflecting a growth rate of 240.7% [5] - The net profit is expected to rise from 222 million yuan in 2023 to 718 million yuan in 2024, indicating a year-on-year growth of 222.6% [5]