证券代码：603979 证券简称：金诚信 公告编号：2025-093 转债代码：113615 转债简称：金诚转债 转债代码：113699 转债简称：金25转债 金诚信矿业管理股份有限公司 关于不提前赎回"金诚转债"的提示性公告 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个别及连带责任。 经中国证券监督管理委员会证监许可〔2020〕2325号文核准，公司于2020年12月23日公开发行了100万 手可转换公司债券，每张面值100元，发行总额100,000.00万元，期限6年。 经上海证券交易所自律监管决定书〔2021〕5号文同意，公司100,000.00万元可转换公司债券于2021年1 月14日起在上海证券交易所挂牌交易，转债简称"金诚转债"，转债代码"113615"。 "金诚转债"的转股期 起止日期为2021年6月29日至2026年12月22日。"金诚转债"的初始转股价格为12.73元/股，因公司2020年 利润分配方案的实施，"金诚转债"转股价格自2021年6月9日起由12.73元/股调整为12.65元/股；因2021年 利润分配 ...

Group 1 - The QFII system has become a significant channel for foreign capital to enter the A-share market since its introduction in 2002, with distinct stock selection preferences and investment styles compared to domestic funds [1][8] - In the third quarter, at least 121 stocks were increased in holdings by QFII, with the most significant increases not in the semiconductor sector but in electrical equipment, machinery, hardware, and chemicals [2][3] - Major QFII institutions like Morgan Stanley and Abu Dhabi Investment Authority have continued to increase their positions in A-shares, with a focus on a diversified portfolio of stocks [1][2] Group 2 - The top five industries with the most significant QFII increases in holdings in the third quarter were machinery, hardware equipment, electrical equipment, semiconductors, and chemicals [2] - Notably, only one stock from the banking sector, Nanjing Bank, was among the top 20 stocks increased by QFII, with a significant increase of 124 million shares by BNP Paribas [4] - Abu Dhabi Investment Authority has a concentrated investment style, holding only 22 stocks, and has made selective increases and decreases in its holdings, including a notable reduction in its stake in Zijin Mining [5][6] Group 3 - The GATES FOUNDATION TRUST has a concentrated portfolio with a preference for small-cap stocks, holding only two stocks at the end of the third quarter [6] - The Macau Monetary Authority has been active in increasing its holdings, particularly in the non-ferrous metals, food and beverage, and automotive sectors [7] - The QFII system is expected to expand further, with over 900 qualified foreign investors and ongoing reforms aimed at making it easier for foreign investors to participate in the Chinese market [8]

（文章来源：证券日报） 证券日报网讯 10月30日晚间，金诚信发布公告称，金诚信矿业管理股份有限公司（以下简称"公司"） 股票价格自2025年10月10日至2025年10月30日期间已触发"金诚转债"的赎回条款。公司董事会决定本次 不行使"金诚转债"的提前赎回权利，不提前赎回"金诚转债"；且在"金诚转债"剩余转股期内（即自2025 年10月31日至2026年12月22日），若出现公司A股股票连续30个交易日中至少有15个交易日的收盘价格 不低于当期转股价格的130%的情形，公司均不行使提前赎回权利。 ...

| 证券代码：603979 | 证券简称：金诚信 公告编号：2025-093 | | --- | --- | | 转债代码：113615 转债代码：113699 | 转债简称：金诚转债 转债简称：金 25 | | | 转债 | 金诚信矿业管理股份有限公司 关于不提前赎回"金诚转债"的提示性公告 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个别及连带责任。 重要内容提示: 金诚信矿业管理股份有限公司（以下简称"公司"）股票价格自 2025 年 10 月 10 日至 2025 年 10 月 30 日期间已触发"金诚转债"的赎回条款。公司董 事会决定本次不行使"金诚转债"的提前赎回权利，不提前赎回"金诚转债"； 且在"金诚转债"剩余转股期内（即自 2025 年 10 月 31 日至 2026 年 12 月 22 日），若出现公司 A 股股票连续 30 个交易日中至少有 15 个交易日的收盘价格不 低于当期转股价格的 130%的情形，公司均不行使提前赎回权利。 一、"金诚转债"基本情况 经中国证券监督管理委员会证监许可〔2020〕2325 号 ...

Investment Rating - The report maintains an "Outperform" rating for the company [6]. Core Insights - The company's Q3 2025 performance met expectations, with total revenue of 99.3 billion yuan for Q1-Q3 2025, representing a year-on-year increase of 42.5%. The net profit attributable to the parent company was 17.5 billion yuan, up 60.4% year-on-year [6]. - The report highlights a significant increase in the resource segment's profitability, with a gross profit of 22.3 billion yuan for Q1-Q3 2025, a year-on-year increase of 156% [6]. - The company is expected to benefit from rising copper prices, leading to upward revisions in profit forecasts for 2025-2027 [6]. Financial Data and Profit Forecast - Total revenue projections for 2025 are set at 129.57 billion yuan, with a year-on-year growth rate of 30.3% [5]. - The net profit attributable to the parent company is forecasted to be 24.84 billion yuan for 2025, with a corresponding PE ratio of 17 [5]. - The gross profit margin is expected to improve from 34.8% in Q1-Q3 2025 to 35.8% in 2025E [5]. Operational Highlights - The mining service segment reported a gross profit of 11.96 billion yuan for Q1-Q3 2025, with a gross margin of 22.7% [6]. - The company anticipates a recovery in its mining service business as operations at the Kamoa-Kakula copper mine gradually resume [6]. - The report outlines ongoing expansion projects, including the Lonshi copper mine, which is expected to reach full production by Q4 2024 [6].

华安证券研报指出，金诚信2025年前三季度实现归母净利润17.53亿元，同比+60.37%。25Q3实现归母 净利润6.42亿元，同比+33.68%。Q3业绩符合预期，矿山开发项目推进。金诚信自有资源板块2025年前 三季度生产铜金属当量6.41万吨，较上年同期+100.65%，后续Lubambe技改、Lonshi东区等项目推进带 动铜产量继续提升。哥伦比亚SanMatias铜金银矿尚待当地环评，公司未来资源有增量，业绩弹性有望 持续释放。预计公司2025-2027年归母净利润分别为23.18/26.79/30.19亿元（前值为21.8/24.2/26.4亿 元），对应PE分别为17.49/15.13/13.43倍，维持"买入"评级。 ...

上 市 公 司 有色金属 2025 年 10 月 30 日 金诚信 (603979) 报告原因：有业绩公布需要点评 增持（维持） | 市场数据： | 2025 年 10 月 29 日 | | --- | --- | | 收盘价（元） | 68.13 | | 一年内最高/最低（元） | 76.29/31.20 | | 市净率 | 4.1 | | 股息率%（分红/股价） | 0.66 | | 流通 A 股市值（百万元） | 42,498 | | 上证指数/深证成指 | 4,016.33/13,691.38 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 16.73 | | 资产负债率% | 45.89 | | 总股本/流通 A 股（百万） | 624/624 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 10-29 11-29 12-29 01-29 02-28 03-31 04-30 05-31 06-30 07-31 08-31 09-30 -50% 0% ...

金诚信（603979.SH）2025 年三季报点评 铜矿产量继续提升，矿服逐季改善 2025 年 10 月 29 日 ➢ 事件：2025 年前三季度公司实现营业收入 99.33 亿元，同比增长 42.50%， 归母净利润 17.53 亿元，同比增长 60.37%。2025Q3 公司实现营业收入 36.17 亿元，同比增长 34.07%，环比增长 3.19%，归母净利润 6.42 亿元，同比增长 33.68%，环比下降 6.80%。 ➢ 矿服板块毛利同比下降，但逐季改善。2025 年前三季度公司矿山服务板块 实现营收 52.6 亿元，同比增长 7.92%；实现毛利 11.96 亿元，同比下降 13.93%。 公司矿服板块毛利下降主要是：（1）Lubambe 项目收购后转为内部管理，对应 收入及毛利减少；（2）收购的 TerraMining 矿服业务处于业务前期，减少了矿 山服务毛利；（3）卡莫阿-卡库拉铜矿项目由于矿震影响阶段性停工，业务量收 到影响。季度来看，公司前三季度单季度矿服业务毛利分别为 3.46、4.21、4.29 亿元，呈逐级改善态势。2025 年上半年公司首次承接赞比亚 Mufulira 矿山建 ...

Core Insights - QFII continues to favor core A-share assets, particularly in high-end manufacturing and defensive sectors, reflecting a strategic approach to investment amidst ongoing market trends [1][2][7] - As of October 28, nearly 40 QFIIs collectively held approximately 119.4 billion yuan in A-shares, indicating significant foreign interest in the Chinese market [1][9] Industry Focus - QFII has notably increased holdings in various sectors, including banking, electrical equipment, building materials, chemicals, software services, machinery, and hardware [3][10] - The banking sector saw a substantial increase, with QFII adding 124 million shares, driven by expectations of improved performance and attractive valuations [7][10] - Electrical equipment and computer sectors also received tactical increases from QFII, supported by favorable policies and growth in demand due to energy transition and infrastructure upgrades [7][10] Notable Stocks - Key stocks with significant QFII increases include Nanjing Bank (12.36 million shares), China Western Power (7.29 million shares), and others in various sectors such as construction materials and chemicals [6][10] - Specific stocks like Huazhi Technology and Huasheng Tiancheng saw multiple QFII firms increase their stakes, indicating strong interest in new productivity concepts [4][5] Investment Strategy - QFII's investment strategy appears to be diversified, focusing on both core assets and emerging opportunities across multiple industries, including machinery, food and beverage, and pharmaceuticals [10][11] - Large foreign institutions, such as Goldman Sachs, are actively seeking diversified investment opportunities in the A-share market, reflecting a positive outlook on Chinese equities [11][12]

公司点评 | 金诚信 铜矿业务持续放量，矿服业务成长依然可期 金诚信（603979.SH）2025 年三季度业绩点评 事件：公司发布三季报，25 年前三季度实现营收 99.33 亿元，同比+42.5%； 实现归母净利 17.53 亿元，同比+60.4%。其中 25Q3 营收 36.17 亿元，同比 +34.1%，环比+3.2%；归母净利 6.42 亿元，同比+33.7%，环比-6.8%。 资源业务：铜矿业务加速放量，25Q3 铜产量 2.46 万吨，环比+12.2%。25 年前三季度公司资源业务实现营收 45.7 亿元，同比+131.3%，实现毛利 22.3 亿元，同比+155.8%，毛利率 48.9%。实现铜当量产量约 6.41 万吨，销量 约 6.83 万吨，其中 25Q3 实现产量 2.46 万吨，环比+12.2%；实现销量 2.43 万吨，环比-2.8%。随着公司第二轮资源项目集中建设拉开序幕，2025 年资 源开发板块将进入全新发展阶段。其中鲁班比铜矿提产改造、L 矿西区稳产 达产，是资源开发板块工作的重中之重。远期来看，L 矿东区、鲁班比铜矿 达产和哥伦比亚 SanMatias 项目预计将继续贡献 ...