| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2024-094 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于参加广东省广晟控股集团有限公司 控股上市公司2024年投资者集体交流会 的公告 （ 四 ） 网 络 地 址 ： " 全 景 • 路 演 天 下 " 网 站 （https://rs.p5w.net/html/144988.shtml） 二、参加人员 参加本次集体交流会的人员：董事长喻鸿先生，董事会 秘书黄建民先生。 三、投资者参加方式 "集体交流会"），旨在加强与投资者沟通，推进上市公司 高质量发展。公司将参加本次集体交流会，现将有关事项公 告如下： 一、 召开的时间、地点及方式 （一）召开时间：2024 年 11 月 5 日（星期二）下午 14:30-17:00，其中，现场会议时间为 14:30-16:35，网络互动时 间为 16:00-17:00。 （二）召开方式：现场交流、视频直播、网络文字互动 （三）现场会议地址：深圳证券交易所上市大厅 1 本公司及董事会全体成员保证信息披露的内 ...

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2024-093 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于2024年第三季度可转换公司债券 转股情况公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 中金转债（债券代码：127020）转股期限为2021年1 月25日至2026年7月19日，截至目前，转股价格为人民币 4.38元/股。 根据《深圳证券交易所股票上市规则》、《深圳证券交易 所上市公司自律监管指引第 15 号——可转换公司债券》有关 规定，深圳市中金岭南有色金属股份有限公司（以下简称"公 司"或"中金岭南"）现将 2024 年第三季度可转换公司债券 （以下简称"可转债"或"中金转债"）转股及公司股份变 动的情况公告如下： 一、 中金转债发行上市基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会《关于核准深圳市中金岭南 1 有色金属股份有限公司公开发行可转换公司债券的批复》 （证监许可[2020]1181 ...

证券代码：000060 证券简称：中金岭南 深圳市中金岭南有色金属股份有限公司 投资者关系活动记录表 编号：2024-09 | --- | --- | --- | --- | --- | --- | --- | |-----------------------|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|--------|--------------|-------| | | | | | | | | | 投资者关系活动 | □ 特定对象调研 | √ 分析师会议 | | | | | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | | | | | □ 新闻发布会 □ 现场参观 | □ ...

根据《公司法》《公司章程》等相关规定，黎锦坤先生 的辞职不会导致公司董事会人数低于法定人数，其辞职报告 自送达董事会之日起生效。公司董事会对黎锦坤先生任职期 间为公司发展做出的贡献表示衷心感谢！ 特此公告。 | 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2024-092 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市中金岭南有色金属股份有限公司（以下简称"公 司"）董事会于 2024 年 8 月 30 日收到董事黎锦坤先生的书 面辞职报告。黎锦坤先生因退休原因，申请辞去深圳市中金 岭南有色金属股份有限公司董事以及董事会各专门委员会 委员职务，不再继续在本公司及控股子公司担任职务。截至 本公告披露日，黎锦坤先生未持有公司股份，不存在其应当 履行而未履行的承诺事项。 深圳市中金岭南有色金属股份有限公司董事会 2024 年 9 月 3 日 ...

Investment Rating - The report maintains an "Outperform" rating for Zhongjin Lingnan (000060 SZ) [1][3][26] Core Views - In H1 2024, the company's revenue decreased by 17 7% YoY to RMB 30 6 billion, while net profit attributable to shareholders increased slightly by 0 3% to RMB 540 million [1][5] - The company's operating cash flow surged to RMB 770 million in H1 2024, compared to RMB 47 million in the same period last year, due to a low base effect and inventory adjustments [1][5] - Copper smelting has become a significant profit driver, contributing 50 7% of total revenue and 29% of gross profit in H1 2024 [1][7] - Lead and zinc smelting profits were under pressure due to a sharp decline in processing fees, with zinc processing fees falling to RMB 2,000/ton, below the cost range of RMB 4,000-5,000/ton for most smelters [1][25] Business Performance - In H1 2024, the company's cathode copper business achieved a gross profit of RMB 510 million, with a gross profit margin of RMB 2,450/ton and a net profit margin of RMB 1,230/ton [1][7] - The company's copper smelting business benefited from cost advantages and long-term supply contracts, despite copper concentrate shortages and historically low processing fees below USD 10/ton [1][7] - Lead and zinc smelting profits were negatively impacted by declining processing fees, with lead prices rising by RMB 1,800/ton but unable to offset the decline in smelting profits [1][5] Financial Forecasts - The report forecasts net profit attributable to shareholders of RMB 836 million, RMB 909 million, and RMB 1 288 billion for 2024, 2025, and 2026, respectively, with YoY growth rates of 21 5%, 8 7%, and 41 7% [1][26] - The company's EPS is projected to be RMB 0 22, RMB 0 24, and RMB 0 34 for 2024, 2025, and 2026, respectively, with a current PE ratio of 18 8x, 17 3x, and 12 2x [1][26] Industry and Market Position - The company is a leading producer in China's lead and zinc mining and smelting industry, with high-quality resources such as the Fankou Lead-Zinc Mine and total proven reserves of nearly 10 million tons of copper, zinc, and lead [1][26] - The acquisition of Dongying Fangyuan Copper Smelter has expanded the company's presence in the copper industry, further enhancing its growth potential [1][26]

证 券 研 究 报 告 中金岭南（000060）2024 半年报点评 推荐（维持） 公司研究 铅锌 2024 年 08 月 28 日 | --- | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

深圳市中金岭南有色金属股份有限公司 投资者关系活动记录表 编号：2024-08 | --- | --- | --- | |----------------|--------------------------------------|------------------------------------------------------------------| | 投资者关系活动 | □ 特定对象调研 √ | 分析师会议 | | 类别 | □ 媒体采访 | □业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 国金证券 | | | 人员姓名 | | | | 时间 | 2024 年 8 月 28 日 | | | 地点 | 深圳 | | | 上市公司接待人 | | | | | 董事会秘书黄建民 | | | 员姓名 | | | | | 1、公司 2024 | 年半年度经营情况？ | | | | 公司主要是从事铅锌铜等有色金属的采矿、选矿、冶炼和深加工一体 | | | | 化生产的企业，目前已形 ...

该报告由该报告由 证券研究报告 中金岭南 (000060 CH) 矿山受益于价格上涨、冶炼承压 免责声明和披露以及分析师声明是报告的一部分，请务必一起阅读。 1 中金岭南 (000060 CH) 矿山受益于价格上涨、冶炼承压 华泰研究 中报点评 投资评级(维持): 增持 2024 年 8 月 28 日│中国内地 有色金属 24H1 归母净利 5.42 亿元，维持"增持"评级 公司 24H1 实现营收 306.41 亿元（yoy-17.69%），归母净利 5.42 亿元 （yoy+0.3%）。鉴于 24 年以来冶炼加工费承压，我们下调 24-25 年铜冶炼 利润，预计公司 24-26 年归母净利 10.38/13.62/15.57 亿元（前值： 13.78/14.63/-）。可比公司 Wind 一致预期 PE（24E）均值 15.0X，给予公 司 24 年 15.0XPE，对应目标价 4.18 元（前值 6.47 元），维持增持评级。 24H1 主要产品产量实现时间过半任务过半 24 H1 公司主要产品基本上实现全年产量目标的一半。矿山企业生产精矿铅 锌金属量 13.95 万吨，同比上升 4.03%（其中国内矿 ...

来源：公司年报、国金证券研究所 事件 8 月 27 日公司发布 24 年中报，1H24 实现营收 306.41 亿元，同比 -17.69%；归母净利 5.42 亿元，同比+0.3%；扣非归母净利 5.18 亿元，同比+2.94%。2Q24 实现归母净利 3.03 亿元，环比+26.43%， 同比+37.41%。 点评 量稳价增，Q2 业绩环比增长。1H24 公司生产精矿铅锌金属量 13.95 万吨，同比+4.03%，生产铜铅锌系列产品 42.4 万吨，同比+4.10%， 核心产品产量同比稳中略增；2Q24 锌锭均价 2.36 万元/吨，环比 +11.12%，铅锭均价 1.80 万元/吨，环比+10.88%。在公司产量稳 中略增，价格环比增长的背景下，二季度业绩实现同环比增长。 国产矿维持稳定，海外矿逐步放量。1H24 公司国内矿山生产铅锌 矿 8.17 万吨，同比-1%，国外矿山生产铅锌矿 5.78 万吨，同比+13%。 我们认为国内产量稳定主因公司在凡口铅锌矿产量下滑的背景 下，提升盘龙铅锌矿产量。而海外铅锌矿产量同比增长主因布罗 肯山提升产量降本有所突破。 铅锌冶炼加工费持续下滑，行业减产检修予以应对。3 ...

Financial Performance - Revenue for the reporting period was RMB 30.62 billion, a decrease of 17.71% compared to the same period last year[12] - Net profit attributable to shareholders of the listed company was RMB 541.95 million, an increase of 0.30% year-on-year[12] - Basic earnings per share (EPS) were RMB 0.15, up 7.14% year-on-year[12] - The weighted average return on equity (ROE) was 4.05%, up 0.14 percentage points year-on-year[12] - Non-recurring gains and losses amounted to RMB 25.26 million, primarily from government subsidies[14] - The company achieved a total operating revenue of 30.641 billion yuan and a net profit attributable to the parent company of 542 million yuan in the first half of 2024[33] - The company's operating income decreased by 17.71% year-on-year to 30.618 billion yuan, while operating costs decreased by 18.79% to 28.888 billion yuan[33] - Total operating revenue for the first half of 2024 was RMB 30.64 billion, a decrease of 17.7% compared to RMB 37.23 billion in the same period of 2023[136] - Net profit for the first half of 2024 was RMB 686.6 million, a decrease of 2.2% compared to RMB 701.7 million in the same period of 2023[136] - Basic earnings per share (EPS) for the first half of 2024 was RMB 0.15, compared to RMB 0.14 in the same period of 2023[136] - Total comprehensive income for the first half of 2024 was RMB 635.7 million, a decrease of 25.3% compared to RMB 851.3 million in the same period of 2023[136] - Sales revenue from goods and services in H1 2024 was RMB 28.15 billion, a decrease from RMB 31.81 billion in H1 2023[137] - Revenue for the first half of 2024 reached RMB 4,407,118,171.89, a 7.6% increase compared to RMB 4,094,536,123.34 in the same period of 2023[143] - Net profit for the first half of 2024 was RMB 288,445,295.67, a slight decrease of 2.0% from RMB 294,213,881.94 in the same period of 2023[143] - Total comprehensive income for the first half of 2024 was RMB 263,908,209.64, a 10.4% decrease from RMB 294,610,145.92 in the same period of 2023[143] Cash Flow and Liquidity - Net cash flow from operating activities was RMB 769.66 million, a significant increase of 1,529.84% compared to the same period last year[12] - The net cash flow from operating activities increased by 1,529.84% year-on-year to 769.66 million yuan, primarily due to a decrease in cash paid for goods and services[33] - The net cash flow from investing activities decreased by 80.97% year-on-year to -704.54 million yuan, mainly due to a reduction in cash paid for acquiring subsidiaries[33] - The net cash flow from financing activities decreased by 80.62% year-on-year to 806.85 million yuan, primarily due to a decrease in cash received from borrowings and investments[33] - Net cash flow from operating activities in H1 2024 was RMB 769.66 million, compared to RMB 47.22 million in H1 2023[137] - Cash received from interest and commissions in H1 2024 was RMB 22.90 million, up from RMB 18.86 million in H1 2023[137] - Tax refunds received in H1 2024 amounted to RMB 51.91 million, an increase from RMB 47.85 million in H1 2023[137] - Cash paid for goods and services in H1 2024 was RMB 24.93 billion, down from RMB 29.54 billion in H1 2023[137] - Cash paid for employee wages and taxes in H1 2024 was RMB 1.11 billion and RMB 1.49 billion respectively, compared to RMB 1.03 billion and RMB 1.11 billion in H1 2023[137] - Net cash flow from investing activities in H1 2024 was negative RMB 704.54 million, compared to negative RMB 3.70 billion in H1 2023[137] - Net cash flow from financing activities in H1 2024 was RMB 806.85 million, compared to RMB 4.16 billion in H1 2023[137] - Net increase in cash and cash equivalents in H1 2024 was RMB 815.18 million, up from RMB 483.14 million in H1 2023[137] - Ending cash and cash equivalents balance as of H1 2024 was RMB 3.68 billion, compared to RMB 3.43 billion in H1 2023[137] - Operating cash flow for the first half of 2024 was negative RMB 1,683,087,694.12, a significant decline compared to negative RMB 516,704,631.78 in the same period of 2023[144] - Investment cash flow for the first half of 2024 was negative RMB 563,565,617.33, an improvement from negative RMB 2,825,231,614.25 in the same period of 2023[144] - Financing cash flow for the first half of 2024 was positive RMB 2,476,737,880.04, a decrease from positive RMB 3,379,758,822.87 in the same period of 2023[144] - Cash and cash equivalents at the end of the first half of 2024 were RMB 1,707,892,095.22, a 3.8% decrease from RMB 1,775,713,762.34 at the end of the same period in 2023[144] Assets and Liabilities - Total assets at the end of the reporting period were RMB 45.24 billion, an increase of 5.14% compared to the end of the previous year[12] - Equity attributable to shareholders of the listed company was RMB 13.66 billion, an increase of 2.58% compared to the end of the previous year[12] - Inventory increased by 1.93% to RMB 10,180,895,727.47, accounting for 22.51% of total assets[38] - Short-term borrowings decreased by 2.38% to RMB 5,657,159,180.39[38] - The total assets of Perilya Company as of June 30, 2024, amounted to RMB 9.055 billion, accounting for 27.21% of the company's net assets[39] - The company's financial assets at the beginning of the period were RMB 1,096,274,281.81, with a decrease in fair value of RMB 66,254,017.33 during the period[40] - The company's financial liabilities at the beginning of the period were RMB 180,070,143.16, with a decrease in fair value of RMB 79,905,120.09 during the period[40] - The company's restricted assets at the end of the reporting period amounted to RMB 9,000,448,505.19, including RMB 624,573,091.68 in monetary funds and RMB 4,244,590,602.14 in fixed assets[41][42] - Total assets increased to 45,236,461,013.57 yuan, up from 43,024,515,727.83 yuan at the end of the previous year[134] - Total liabilities rose to 28,220,912,105.80 yuan, compared to 25,909,448,974.83 yuan at the end of the previous year[135] - Shareholders' equity slightly decreased to 17,015,548,907.77 yuan from 17,115,066,753.00 yuan at the end of the previous year[135] - Inventory increased to 10,180,895,727.47 yuan, up from 8,855,612,459.50 yuan at the end of the previous year[134] - Total assets increased to RMB 32.18 billion as of June 30, 2024, up from RMB 30.33 billion at the end of 2023[141] - Current assets rose to RMB 11.20 billion, compared to RMB 9.58 billion at the end of 2023[141] - Non-current assets grew to RMB 20.97 billion, up from RMB 20.75 billion at the end of 2023[141] - Total liabilities increased to RMB 20.01 billion, compared to RMB 18.23 billion at the end of 2023[142] - Current liabilities decreased slightly to RMB 9.41 billion, down from RMB 9.61 billion at the end of 2023[142] - Non-current liabilities rose to RMB 10.60 billion, up from RMB 8.62 billion at the end of 2023[142] - Shareholders' equity increased to RMB 12.17 billion, compared to RMB 12.11 billion at the end of 2023[142] - Inventory grew to RMB 2.27 billion, up from RMB 1.91 billion at the end of 2023[141] - Long-term equity investments increased to RMB 11.83 billion, up from RMB 11.55 billion at the end of 2023[141] - Short-term borrowings decreased to RMB 2.07 billion, down from RMB 2.66 billion at the end of 2023[142] Production and Operations - The company's mining enterprises produced 139,500 tons of lead and zinc concentrate in the first half of 2024, a year-on-year increase of 4.03%[20] - The company's smelting enterprises produced 424,000 tons of copper, lead, and zinc products in the first half of 2024, a year-on-year increase of 4.10%[20] - The company's deep processing enterprises produced 7,600 tons of aluminum profiles and 8,600 tons of mercury-free battery zinc powder in the first half of 2024[20] - As of June 2024, the company's total metal reserves include 6.64 million tons of zinc, 3.08 million tons of lead, and 1.02 million tons of copper[21] - The company completed 16 drilling holes at the Fankou lead-zinc mine, adding 26,000 tons of lead and zinc resources[23] - The company drilled 47 exploration holes at the Panlong mine, upgrading geological reserves by approximately 330,000 tons[24] - The company conducted exploration work at the Broken Hill mine in Australia, focusing on tailings resource investigation[25] - The company's La Yaguaza-Los Sosa porphyry copper deposit in the Dominican Republic shows significant exploration potential[25] - The company directly controls over 10 million tons of proven copper, lead, and zinc resources, with an annual production capacity of approximately 300,000 tons of lead and zinc[26] - The company produced 139,500 tons of lead and zinc metal in concentrate and 424,000 tons of smelted copper, lead, and zinc, representing year-on-year increases of 4.03% and 4.10%, respectively[33] - Revenue from lead, zinc, and copper mining, smelting, and sales increased by 12.98% to RMB 20,163,794,150.19, accounting for 65.86% of total revenue[34] - Revenue from aluminum, nickel, and zinc processing and sales grew by 16.82% to RMB 924,495,893.58[34] - Revenue from non-ferrous metal trade business decreased significantly by 48.14% to RMB 9,679,661,329.72[34] - Revenue from battery and composite materials surged by 150.31% to RMB 678,418,982.52[34] - Mainland China revenue increased by 9.76% to RMB 29,557,797,610.64, accounting for 96.54% of total revenue[34] - Gross profit margin for lead, zinc, and copper mining, smelting, and sales decreased slightly by 0.51% to 7.50%[35] - Gross profit margin for battery and composite materials improved by 5.14% to 15.01%[36] Investments and Financing - The company's investment in the reporting period was RMB 278,340,755.88, a decrease of 92.00% compared to the same period last year[43] - The company's investment in China Great Wall (stock code: 000066) resulted in a loss of RMB 15,957,003.76 during the reporting period[43] - The company's investment in Maccura Biotechnology (stock code: 300463) resulted in a loss of RMB 13,126,997.88 during the reporting period[43] - The company's total investment in derivatives for hedging purposes amounted to 963.43493 million yuan, with a net asset ratio of 8.18%[46] - Zinc derivatives had an initial investment of 269,280.85 thousand yuan, with a final amount of 53,132.2 thousand yuan, accounting for 3.12% of net assets[46] - Copper derivatives showed an initial investment of 599,514.96 thousand yuan, with a final amount of 56,856.78 thousand yuan, representing 3.34% of net assets[46] - The company's total securities investment at the end of the period was 926,537,190.09 yuan, with a net decrease of 53,739,234.66 yuan[45] - The company's investment in public funds amounted to 61,085,397.27 yuan, with a decrease of 654,659.34 yuan[44] - The company's investment in private funds was 32,384,446.48 yuan, with a decrease of 1,400,206.82 yuan[44] - The company's investment in trust products totaled 60,659,286.22 yuan, with an increase of 1,176,103.98 yuan[44] - The company's investment in bank wealth management products was 14,759,231.35 yuan, with a slight decrease of 109,748.96 yuan[45] - The company's investment in asset management plans was 200,040,852.80 yuan, with a decrease of 2,393,787.86 yuan[44] - The company's investment in convertible bonds was 1,336,325.33 yuan, with a decrease of 5,720.81 yuan[44] - The company's hedging activities effectively mitigated the impact of market price fluctuations on profits, achieving the expected hedging effect[47] - The company's derivatives investment is funded by its own capital, with no speculative derivatives investments reported[47][48] - The company's total raised funds amount to 3,800,000,000.00 yuan, with 336,725.36 million yuan already utilized and 41,724.17 million yuan remaining unused[49][50][51] - The investment progress for the Dominican Mining Company's Maimon Mine project is 81.21%, with a total investment of 173,000 million yuan[52] - The Danxia Smelter's zinc slag green upgrade project achieved 92.36% of its investment progress, with a total investment of 141,000 million yuan[52] - The Fankou Lead-Zinc Mine's waste rock resource utilization project has exceeded its investment target, achieving 100.11% progress with a total investment of 16,000 million yuan[52] - The general working capital supplement project has fully utilized its 50,000 million yuan investment, achieving 100% progress[52] - The company successfully issued two tranches of ultra-short-term commercial papers in 2024, totaling 1.6 billion RMB, with interest rates of 2.36% and 1.98% respectively[110] - The company issued four tranches of medium-term notes in 2024, totaling 2.8 billion RMB, with interest rates ranging from 2.29% to 2.94%[111] - The company approved a 1.297 billion RMB investment for the expansion and optimization of the Panlong Lead-Zinc Mine's daily mining and processing capacity to 6,000 tons[112] - The company invested 107.5 million RMB in its subsidiary, Zhongjin Lingnan (Hong Kong) Mining Co., Ltd., to advance the construction of the Dominican mining project[113] - The company participated in the bankruptcy restructuring of 20 companies, including Dongying Fangyuan Nonferrous Metals Co., Ltd., with a total investment of 11.1 billion RMB, resulting in a 63% equity stake in Zhongjin Rongsheng[106] - The company acquired 10.7128% equity in Zhongjin Copper through the purchase of convertible debt, increasing its total equity in Zhongjin Copper from 39.2574% to 49.9702%[107] - The company completed the acquisition of 75% equity in Foshan Precision Alloy Co., Ltd. for 254.85 million RMB, and later increased its stake to 96.565% through additional acquisitions[108] - The company approved a 913 million RMB investment for the expansion of the Shiling East mining section of the Fankou Lead-Zinc Mine, increasing annual mining capacity by 300,000 tons[109] Environmental and Social Responsibility - The company adheres to environmental protection laws and standards, focusing on pollution reduction and energy conservation[69] - Subsidiaries such as Fankou Lead-Zinc Mine, Shaoguan Smelter, and Guangxi Mining have re-applied for national pollutant discharge permits in 2024[70] - Fankou Lead-Zinc Mine's wastewater discharge includes COD, ammonia nitrogen, total mercury, total cadmium, total chromium, total arsenic, and total lead, with all emissions within the permitted limits[71] - Shaoguan Smelter's emissions include particulate matter, SO2, nitrogen oxides, lead compounds, and mercury compounds, all within the permitted limits[73] - Danxia Smelter's wastewater discharge includes COD, ammonia nitrogen, total lead, total cadmium, total arsenic, and total mercury, all within the permitted limits[73] - Danxia Smelter's emissions include particulate matter, SO2, nitrogen oxides, and lead compounds, all within the permitted limits[73] - The company's wastewater treatment achieved compliance