Group 1: Production Plans - Dikulushi copper mine plans to produce approximately 10,000 tons of copper concentrate equivalent in 2024 [2] - Lonshi copper mine aims to achieve production of 20,000 tons of copper metal and sales of 22,000 tons in 2024 [2] - Two Rivers phosphate mine targets to complete production and sales of 300,000 tons of phosphate rock for the year [3] Group 2: Weather Impact - The rainy season (November to April) will affect production and transportation at Dikulushi and Lonshi copper mines [3] - Lonshi mine is only 3 km from the Zambia border, with better infrastructure, thus less affected by the rainy season [3] - Dikulushi mine faces significant challenges due to road conditions during the rainy season, leading to lower production and sales [3] Group 3: Resource Exploration - The company has discovered three major copper ore bodies in the Lonshi fault zone, with stable continuity and uniform copper grade [4] - Resource estimation for Lonshi remains incomplete, indicating uncertainty in future assessments [4] Group 4: Lubambe Copper Mine Operations - The company is implementing measures to ensure a smooth transition of management at Lubambe copper mine [4] - Technical upgrades are planned for the entire mining system from 2024 to 2026 to achieve production capacity [4] - The acquisition of Lubambe's debt will not increase the company's debt-to-asset ratio due to internal debt consolidation [4] Group 5: San Matias Project - The San Matias Alacran copper-silver project has completed feasibility studies, with environmental assessments submitted for approval [5] - The project is not yet in the construction phase pending environmental impact assessment approval [5] Group 6: Mining Services Growth Potential - Growth in mining services is driven by new projects and increased business volume from existing operations [5] - Pricing for mining services is based on a cost-plus model, considering resource endowment and technical difficulty [6] Group 7: Overseas Operations - The company employs a combination of domestic and local personnel for overseas projects, enhancing local employment and training [6] - The company has gained recognition in international markets, successfully undertaking various overseas mining projects since 2012 [6] Group 8: Future Acquisition Plans - The company prefers resource acquisition through exploration for economic efficiency, focusing on copper and precious metals that align with its scale [7]

证券代码：603979 证券简称：金诚信 公告编号：2024-089 转债代码：113615 转债简称：金诚转债 金诚信矿业管理股份有限公司 关于签署日常经营合同的公告 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个别及连带责任。 4、合同期：2024 年 1 月 1 日-2025 年 12 月 31 日，总日历天数 730 天。 5、合同价款：本合同为单价合同，根据预计工作量暂估合同金额约 12,000 万美元, 最终以实际验收完成工作量及结算款为准。 6、合同双方当事人 金诚信矿业管理股份有限公司及子公司近日收到了部分经双方签字盖章的 日常经营合同文件。其中，主要合同情况如下： 一、工程项目及协议主要情况 （一）谦比希铜矿主矿体、西矿体 2024-2025 年度采矿合同 1、工程名称：谦比希铜矿主矿体、西矿体采矿工程。 2、工程地点：赞比亚谦比希铜矿。 3、承包范围： 1）主矿体：承担井下开拓、采准、切割、回采、支护、运输及 300ML A 组 钻孔以下充填的所有工作内容（不含 800ML 西试验采场施工内容）；负责 500ML ...

中国银河证券股份有限公司 关于金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐人（主承销商） 北京市丰台区西营街 8 号院 1 号楼 7 至 18 层 101 二〇二四年十一月 金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券之上市保荐书 声 明 中国银河证券股份有限公司（以下简称"银河证券"或"保荐人"）及本项 目保荐代表人已根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）等法律法规和中国证券监督 管理委员会（以下简称"中国证监会"）及上海证券交易所（以下简称"上交 所"）的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业 自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中如无特别说明，相关用语具有与《金诚信矿业管理股份有限 公司向不特定对象发行可转换公司债券募集说明书》中相同的含义。 注册资本：58,340.8432 万元人民币（因公司处于可转债转股期间，截至 2024 年 9 月 30 日，公司实收股本为 62,375.9261 万人民币，尚未办理工商变更登记手 续 ...

中国银河证券股份有限公司 关于 二〇二四年十一月 金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券 金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券之发行保荐书 声 明 中国银河证券股份有限公司（以下简称"银河证券"或"保荐人"）及本 项目保荐代表人已根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司证券发行注册管理办法》等有关法律、法规和中国证券监督管理委 员会的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则、行业 执业规范和道德准则出具本发行保荐书，并保证所出具文件的真实性、准确性 和完整性。 本发行保荐书中如无特别说明，相关用语具有与《金诚信矿业管理股份有 限公司向不特定对象发行可转换公司债券募集说明书》中相同的含义。 之 发行保荐书 保荐人(主承销商) 中国银河证券股份有限公司 CHINA GALAXY SECURITIES COMPANY LIMITED 北京市丰台区西营街 8 号院 1 号楼 7 至 18 层 101 银河证券接受金诚信委托，担任其向不特定对象发行可转债的保荐人。 3-1-2 金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券之发 ...

金诚信矿业管理股份有限公司 （注册地址：北京市密云区经济开发区水源西路28号院1号楼101室） （申报稿） 保荐机构/主承销商 住所：北京市丰台区西营街 8 号院 1 号楼 二〇二四年十一月 股票简称：金诚信 股票代码：603979 金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券募集说明书（申报稿） 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 金诚信矿业管理股份有限公司 向不特定对象发行可转换公司债券募集说明书（申报稿） 向不特定对象发行可转换公司债券 募集说明书 重大事项提示 本公司特别提请投资者注意，在作出投资决策之前，务必仔细阅读本募集 说明书正文内容，并特别关注以下重要事 ...

| 证券代码：603979 | 证券简称：金诚信 | 公告编号：2024-088 | | --- | --- | --- | | 转债代码：113615 | 转债简称：金诚转债 | | 金诚信矿业管理股份有限公司 关于向不特定对象发行可转换公司债券申请 获得上海证券交易所受理的公告 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个别及连带责任。 敬请广大投资者注意投资风险，理性投资。 特此公告。 金诚信矿业管理股份有限公司董事会 2024 年 11 月 20 日 金诚信矿业管理股份有限公司（以下简称"公司"）于 2024 年 11 月 20 日 收到上海证券交易所（以下简称"上交所"）出具的《关于受理金诚信矿业管理 股份有限公司沪市主板上市公司发行证券申请的通知》（上证上审（再融资） 〔2024〕269 号），上交所依据相关规定对公司报送的沪市主板上市公司发行证 券的募集说明书及相关申请文件进行了核对，认为该项申请文件齐备，符合法定 形式，决定予以受理并依法进行审核。 公司本次向不特定对象发行可转换公司债券事项尚需通过上交所审核，并获 ...

北京国枫律师事务所 关于金诚信矿业管理股份有限公司 申请向不特定对象发行可转换公司债券的 法律意见书 国枫律证字[2024]AN131-7 号 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层 邮编：100005 电话（Tel）：010-88004488/66090088 传真（Fax）：010-66090016 目 录 | 释 | 义… | | --- | --- | | 一、 | 本次发行的批准和授权………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….. | | ニ、 | 发行人本次发行的主体资格 | | 11 ( | 本次发行的实质条件. | | 四、 | 发行人的独立性……………………………………………………………………………………………………………… 13 | | 五、 | 发行人的主要股东及实际控制人. | | 六、 | 发行人的股本及演变 | ...

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook based on its dual-driven strategy of mining services and resource development [4][5]. Core Insights - The company is transitioning from a single mining service provider to a diversified mining group, leveraging its historical expertise in mining operations and management [21][22]. - The mining service business has shown steady growth, with a compound annual growth rate (CAGR) of 19% from 2018 to 2023, while the resource business is beginning to ramp up significantly [22][28]. - The company has established a strong order book, with total contracts amounting to 12 billion yuan, ensuring a solid profit base moving forward [50]. Summary by Sections 1. Company Overview - The company has been engaged in mining operation management and engineering since its establishment in 1997, with a strong family legacy in the mining industry [21][22]. - It has developed a unique "service + resource" business model, which is expected to drive growth as it expands into resource development [21][22]. 2. Mining Service Operations - The mining service business is positively correlated with metal prices, leading to increased capital expenditures by mining companies [4][5]. - Mining output has steadily increased from 12.87 million tons in 2014 to 39.33 million tons in 2023, with a CAGR of 13% [28][32]. - The average unit profit for mining has risen to 34 yuan per ton in 2023, reflecting a 56% increase since 2014 [28][32]. 3. Resource Development - The company is actively developing mining resources, including a phosphate project in collaboration with a major fertilizer company and several copper mining projects in Africa and South America [4][10]. - The expected annual production from copper mines upon reaching full capacity is 111,400 tons, with significant profit potential as these projects come online [4][10][57]. - The company has a robust resource base, with significant reserves in both phosphate and copper, ensuring long-term growth prospects [57]. 4. Financial Projections - The company forecasts net profits of 1.463 billion yuan, 2.058 billion yuan, and 2.339 billion yuan for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 17.08X, 12.15X, and 10.69X [5][9]. - The average P/E ratios for comparable companies in the industry are higher, indicating a favorable valuation for the company given its growth potential [5][9].

| 证券代码：603979 | 证券简称：金诚信 公告编号：2024-087 | | --- | --- | | 转债代码：113615 | 转债简称：金诚转债 | 金诚信矿业管理股份有限公司 关于担保额度调剂及为子公司提供担保的进展公告 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个别及连带责任。 特别风险提示：本次被担保人为资产负债率超过 70%的子公司，敬请广 大投资者注意相关风险。 一、 担保事项概述及进展情况 （一）担保的主要情况 因日常生产经营需要，公司为刚果（金）全资子公司 Sabwe 与 Copperbelt Energy Corporation Plc 签署的购电合同提供付款担保并开具银行保函，担保金 额 466.56 万美元，担保期限至 2027 年 6 月 30 日。 （二）本担保事项履行的内部决策程序及本次担保额度调剂情况 重要内容提示： 被担保人名称：公司全资子公司 Sabwe Mining Sarl（简称 Sabwe）。 本次担保额度调剂金额：470 万美元，系调剂发生时资产负债率为 70% 以上的子公司自 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 43.12 CNY per share [6]. Core Views - The mining service sector shows stable growth, while the resource sector has experienced rapid growth, contributing significantly to the company's performance [2][3]. - The company achieved total operating revenue of 6.971 billion CNY in the first three quarters of 2024, a year-on-year increase of 31.23%, and a net profit attributable to shareholders of 1.093 billion CNY, up 53.96% year-on-year [2]. - The Lonshi copper mine is expected to reach full production by the end of 2024, with plans to produce 20,000 tons of copper metal and sell 22,000 tons [4]. Summary by Sections Financial Performance - In Q3 2024, the company reported total operating revenue of 2.698 billion CNY, a 32.73% increase year-on-year, and a net profit of 480 million CNY, up 56.14% year-on-year [2]. - The mining service sector's revenue for the first three quarters was 4.878 billion CNY, a slight increase of 3.04% year-on-year, while the resource sector's revenue surged to 1.975 billion CNY, a remarkable increase of 343.56% year-on-year [3]. Profitability - The gross profit margin for the mining service sector was 28.49%, while the resource sector achieved a gross profit margin of 44.25% [3]. - The company forecasts net profits of 1.49 billion CNY, 2.1 billion CNY, and 2.336 billion CNY for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 18X, 13X, and 12X [4]. Market Outlook - The report anticipates continued upward pressure on copper prices due to tightening supply and improving demand in Q4 2024 [4]. - The acquisition of an 80% stake in the Lubambe copper mine has been completed, which will contribute to the company's resource production starting from July 2024 [4].