Group 1 - Company Weili plans to transfer 100% equity of its wholly-owned subsidiary Dunhua Zhongneng Environmental Power Co., Ltd. to Chengfa Environment for a total consideration of approximately 323 million yuan, which includes a transfer price of 100 million yuan and shareholder loans of about 223 million yuan [3] - Company Wanrun New Energy has signed a business cooperation agreement with CATL to supply lithium iron phosphate products, with an estimated total supply of approximately 1.32 million tons from May 2025 to 2030, and a commitment for monthly procurement of at least 80% of the agreed supply [4] - Company Shouhua Gas intends to purchase bauxite resources through market-based methods, with a purchase amount not exceeding 30% of the latest audited total assets or 100% of net assets within 12 months [5] Group 2 - Company Gaon Environment received an administrative regulatory decision from the Beijing Securities Regulatory Bureau due to insufficient basis for goodwill impairment and inaccurate disclosure of related party transactions, resulting in a warning letter issued to the company and its key personnel [6] - Company Hongxin Electronics' subsidiary signed two contracts for computing power services and hardware procurement, with total contract amounts of 177 million yuan and 385 million yuan respectively, enhancing the company's market share in the AI business [7] - Company Shanghai Xinyang plans to invest 30 million yuan in the establishment of the Qixin Fund, focusing on investments in semiconductor, integrated circuits, AI, new materials, and advanced manufacturing sectors [8] Group 3 - Company Baiyunshan's subsidiary Guangzhou Pharmaceutical will be listed on the New Third Board starting May 20, 2025 [9] - Company Jincheng signed a service agreement for underground mining operations at the Komakau Copper Mine, with a total contract value of approximately 805 million USD over a five-year period [11] - Company Dongzhu Ecology signed an EPC general contracting agreement worth approximately 3.5 billion yuan for a land consolidation project in Laos, with a contract duration of three years [12] Group 4 - Company Youa signed a strategic cooperation framework agreement with Changsha Guokong Capital and Tsinghua Electronics Institute to promote the semiconductor industry upgrade in Changsha [13] Group 5 - Company Wanfeng plans to reduce its shareholding by up to 1.75% through block trading [15] - Company Hexing Packaging intends to repurchase shares worth between 50 million to 100 million yuan for employee stock ownership plans, with a maximum repurchase price of 4.67 yuan per share [17] - Company Zhaoxun Media plans to repurchase shares worth between 100 million to 200 million yuan for employee stock ownership plans, with a maximum repurchase price of 14.8 yuan per share [18]

证券代码：603979 证券简称：金诚信 公告编号：2025-042 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 关于签署科马考铜矿地下采矿业务服务协议的公告 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。 5、担保情况 金诚信矿业管理股份有限公司（简称"公司"或"金诚信"）全资子公司金 诚 信 博 茨 瓦 纳 矿 山 建 设 有 限 公 司 （ Jchx Botswana Mining Construction Proprietary Limited，简称"金诚信博茨瓦纳公司"）与科马考铜矿有限公司 （Khoemacau Copper Mining Proprietary Limited）近日就科马考铜矿地下采矿 业务签署了服务协议（简称"合同"），具体情况如下： 一、工程项目及协议主要情况 1、工程内容：科马考铜矿第五矿区地下采矿业务。 2、合同金额：本合同为单价合同，根据预估工程量计算合同总价款约 805,016,976.09 美元（不含增值税），最终金额需根据实际完成工作量及合同单 价 ...

| 证券代码：603979 | 证券简称：金诚信 | 公告编号：2025-044 | | --- | --- | --- | | 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2024年年度股东大会增加临时提案的公告 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。 一、 股东大会有关情况 《关于金诚信拟为子公司履约提供担保的议案》 具体详见公司于本公告同日发布的《金诚信关于拟为子公司履约提供担保的 公告》。 鉴于公司全资子公司金诚信博茨瓦纳矿山建设有限公司（简称"金诚信博茨 瓦纳公司"）与科马考铜矿有限公司（Khoemacau Copper Mining Proprietary Limited）签署的采矿服务协议以公司按照合同约定办理履约保函及提供母公司 担保为合同生效的先决条件之一，且上述担保事项需经公司股东大会审议并经出 席股东大会的股东所持表决权的三分之二以上通过，为支持公司矿山服务业务市 场开拓，加快业务进展，金诚信集团有限公司作为直接持有公司 38.88%股份的 股东，提议将 ...

| 证券代码：603979 | 证券简称：金诚信 | 公告编号：2025-041 | | --- | --- | --- | | 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 第五届监事会第十八次会议决议公告 本公司监事会及全体监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。 重要提示：本次监事会所审议议案获得全票通过 1、审议通过《关于金诚信拟为子公司履约提供担保的议案》。 表决结果：3票同意，0票反对，0票弃权。 本议案尚需提交公司股东大会审议。 特此公告。 金诚信矿业管理股份有限公司监事会 2025 年 5 月 19 日 一、 监事会会议召开情况 金诚信矿业管理股份有限公司（以下简称"公司"）于 2025 年 5 月 19 日 在公司会议室以现场会议方式召开第五届监事会第十八次会议。本次会议应到监 事 3 名，实到监事 3 名。鉴于项目进展需要，全体监事一致同意，豁免本次监 事会需提前 5 日通知的义务，本次会议的召集、召开符合《中华人民共和国公司 法》和《公司章程》的有关规定。公司监事会主席尹师 ...

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。 证券代码：603979 证券简称：金诚信 公告编号：2025-040 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 第五届董事会第二十三次会议决议公告 重要提示：本次董事会所审议议案获得全票通过 特此公告。 金诚信矿业管理股份有限公司董事会 2025 年 5 月 19 日 1、审议通过《关于金诚信拟为子公司履约提供担保的议案》。 具体内容详见与本公告同日发布的《金诚信关于拟为子公司履约提供担保的 公告》。 表决结果：9 票同意，0 票反对，0 票弃权。 本议案尚需提交公司股东大会审议。 一、董事会会议召开情况 金诚信矿业管理股份有限公司（以下简称"公司"）于 2025 年 5 月 19 日 在公司会议室以现场与视频相结合的方式召开第五届董事会第二十三次会议，本 次会议应到董事 9 名，实到董事 9 名，公司全体监事列席会议。鉴于项目进展 需要，经全体董事一致同意，豁免本次临时董事会需提前五日通知的义务，本次 会议的召集、召开符合《中华人民共和国公司 ...

金诚信：签署8.05亿美元科马考铜矿地下采矿业务服务协议 智通财经5月19日电，金诚信(603979.SH)公告称，公司全资子公司金诚信博茨瓦纳公司与科马考铜矿有 限公司近日就科马考铜矿第五矿区地下采矿业务签署了服务协议。合同为单价合同，预估工程量计算合 同总价款约8.05亿美元（不含增值税），最终金额根据实际完成工作量及合同单价计算。合同工期5 年，自2025年7月1日至2030年6月30日。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5]. Core Viewpoints - The report emphasizes the importance of closely monitoring investment opportunities in strategic metals such as rare earths, especially following significant price increases in overseas markets due to China's export controls [8][13]. - In the steel sector, there has been a notable increase in rebar consumption and a slight rise in overall steel prices, indicating a positive trend in demand [14][38]. Summary by Sections 1. Core Viewpoints: Focus on Strategic Metals - The report highlights the strategic importance of rare earth metals, particularly in light of recent U.S.-China trade discussions that aim to reduce tariffs, which could enhance global economic recovery [8][13]. - Following China's export restrictions on heavy rare earths, overseas prices have surged, with dysprosium and terbium prices in Europe increasing nearly threefold [8][13]. 2. Steel Sector: Price Trends - Rebar consumption has risen significantly, with a reported consumption of 2.6 million tons, marking a 21.69% increase week-on-week [14][18]. - The overall steel price index has seen a slight increase of 0.92%, with hot-rolled coil prices rising to 3,320 CNY/ton, a 1.40% increase, and cold-rolled prices at 3,767 CNY/ton, a 1.31% increase [14][38]. 3. New Energy Metals: Supply and Price Declines - Lithium production in April 2025 was reported at 70,640 tons, a year-on-year increase of 40.38%, but with a slight month-on-month decline [15][42]. - Nickel production has seen a significant year-on-year decrease of 14.18%, while cobalt prices have shown a downward trend [15][44]. 4. Industrial Metals: Copper and Aluminum - Copper smelting fees have slightly increased, with the LME aluminum price settling at 2,474 USD/ton, reflecting a minor week-on-week rise of 0.20% [16]. - The production costs for electrolytic aluminum have decreased significantly, leading to increased profitability for producers [16][28]. 5. Precious Metals: Market Adjustments - Gold prices have experienced a notable decline of 3.72% week-on-week, attributed to reduced demand for safe-haven assets following positive developments in U.S.-China relations [17].

Investment Rating - The report maintains a "Recommended" rating for several companies in the non-ferrous metals sector, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt [4][5]. Core Insights - The easing of US-China trade tensions has led to a rebound in industrial metal prices, with significant reductions in tariffs announced for both sides [2][4]. - The report highlights a mixed demand outlook for aluminum, with domestic production nearing capacity limits while demand from the construction sector remains weak [2][14]. - For energy metals, cobalt supply tightness is expected to increase due to ongoing export bans from the Democratic Republic of Congo, while lithium prices are under pressure from high inventory levels [3][4]. - Precious metals are experiencing short-term price corrections but are expected to perform well in the medium to long term due to central bank purchases and geopolitical tensions [4][67]. Summary by Sections Industrial Metals - Aluminum prices have seen a weekly increase of 2.75%, with domestic production costs rising due to recovering alumina prices [10][14]. - Copper prices remained stable, with a slight weekly change of 0.01%, while copper concentrate imports reached a historical high [2][36]. - Zinc prices increased by 1.15% this week, driven by improved market sentiment following US-China trade negotiations [10][44]. Precious Metals - Gold prices have corrected by 3.72% due to reduced demand for safe-haven assets amid easing trade tensions, while silver prices have shown a smaller decline of 0.37% [10][67]. - The report anticipates a long-term upward trend for gold prices, supported by central bank purchases and ongoing geopolitical risks [4][67]. Energy Metals - Cobalt prices are expected to rise due to supply constraints from the Democratic Republic of Congo, while lithium prices are under pressure from high inventory levels [3][4]. - Nickel prices have shown a slight increase of 0.7%, but the overall market remains cautious due to weak demand and high inventory levels [55][57]. Recommended Companies - Key companies recommended in the report include Zijin Mining, Luoyang Molybdenum, Huayou Cobalt, and several others in the non-ferrous metals sector [4][5].

Core Viewpoint - Jinchengxin (603979.SH) is intensifying its overseas mining layout by acquiring a 5% stake in Colombia's CMH company and investing $231 million in the Alacran copper-gold-silver mine project [2][3][5]. Group 1: Acquisition and Investment - The company plans to acquire an additional 5% stake in CMH for $10 million, with potential additional payments of $4.4 million or $15.4 million, aiming to gain control over the San Matias project, which includes the Alacran mine [3][4]. - Jinchengxin will invest approximately $231 million in the construction of the Alacran open-pit mining project, contingent upon completing the acquisition of CMH [3][4]. Group 2: Business Performance - Jinchengxin has shown consistent growth in revenue and net profit from 2017 to 2024, with revenue increasing from 2.44 billion yuan in 2017 to 9.94 billion yuan in 2024, a growth of approximately 307% [6][7]. - The net profit also saw significant growth, rising from 205 million yuan in 2017 to 1.584 billion yuan in 2024, an increase of over 600% [6][7]. - In Q1 2025, the company reported revenue of 2.811 billion yuan, a year-on-year increase of 42.49%, and a net profit of 422 million yuan, up 54.10% [7]. Group 3: Resource Development and R&D - The company has expanded its resource projects to five across four countries, focusing on copper, silver, gold, and phosphate production [5][6]. - Jinchengxin's resource sales revenue reached 3.209 billion yuan in 2024, a staggering increase of 412.85% year-on-year, contributing to 32.28% of total revenue [8]. - The company has invested 450 million yuan in R&D over the past five years, maintaining a leading position in geological exploration technology [8][9].

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5]. Core Viewpoints - Iron ore prices have shown significant loosening, prompting continued attention to investment opportunities in the steel sector. The recent financial policies, including interest rate cuts, are expected to impact the market positively. The steel sector, having undergone three years of adjustment, now presents a favorable cost-performance ratio, with leading companies showing improved profitability and stability [8][14]. Summary by Sections Macro Overview - Iron ore prices are experiencing notable loosening, with expectations that May's iron and steel production may peak. The steel mills are likely to squeeze iron ore profits, leading to potential downward feedback on prices. The domestic demand-driven pricing in the steel sector is seen as advantageous given the high tariffs affecting external demand [8][14]. Steel Market - The consumption of rebar has decreased significantly, with a reported consumption of 2.14 million tons, a 26.67% decrease week-on-week. The overall price index for common steel has slightly declined by 0.71%, with rebar prices at 3,296 CNY/ton, down 0.8% week-on-week [15][37]. Industrial Metals - The copper smelting fees have deepened into negative territory, with the current rough smelting fee at -43.5 USD/thousand tons, a decrease of 8.21% week-on-week. The production costs for electrolytic aluminum have shown mixed trends, with costs in Xinjiang slightly increasing while those in Shandong have decreased significantly [17][29]. Precious Metals - Tariffs are expected to boost demand for safe-haven assets and inflation expectations, leading to a potential rise in gold prices. As of May 9, 2025, COMEX gold prices were reported at 3,329.1 USD/ounce, reflecting a week-on-week increase of 2.52% [17][37]. Investment Recommendations - For the steel sector, it is recommended to focus on leading companies such as Shandong Steel (600022, Buy) and Jiugang Steel (002110, Not Rated). In the non-ferrous sector, investment in Northern Rare Earth (600111, Buy) and Jinchuan Group (300748, Buy) is suggested [8][17].