| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-063 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 特别提示： 中金转债调整前的转股价格：人民币4.38元/股 中金转债调整后的转股价格：人民币4.29元/股 中金转债本次转股价格调整实施日期：2025年6月26日 深圳市中金岭南有色金属股份有限公司 关于"中金转债"转股价格调整的公告 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。 经中国证券监督管理委员会"证监许可[2020]1181 号" 核准，公司于 2020年 7 月 20 日公开发行了 3,800 万张可 转换公司债券，每张面值 100 元，发行总额 380,000.00 万 元。（债券简称：中金转债，债券代码：127020） 根据《深圳市中金岭南有色金属股份有限公司公开发行 可转换公司债券募集说明书》中的规定，在本次发行之后， 当公司因派送股票股利、转增股本、增发新股或配股、派送 现金股利等情况（不包括因本次发行的可转债转股而增加的 股本）使公司股份发生变化时，将 ...

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-062 | | --- | --- | --- | | 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 年度权益分派实施公告 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： 公司 2024 年度利润分配方案为： 以公司 2024 年度分红派息股权登记日的总股本为基数， 每 10 股派人民币现金 0.870000 元（含税）。 深圳市中金岭南有色金属股份有限公司（以下简称"公 司"）2024年年度权益分派方案已获2025年5月8日召开的2024 年度股东大会审议通过。本次分配方案自披露之日起至实施 期间公司股本总额发生了变化，公司按照每股分配比例固定 的原则对分配总额进行调整。 现将权益分派事宜公告如下： 1 股份类别 股权登记日 除权除息日 红利发放日 A 股 2025/6/25 2025/6/26 2025/6/26 相关日期 一、股东大会审议通过权益分派方案等情况 1. 公司 2024 年度利润分配方案已于 2 ...

Core Viewpoint - Shenzhen Zhongjin Lingnan Nonfemet Company maintains a stable credit rating of AA+ based on its strong resource reserves, operational advantages, and improved debt repayment indicators, despite facing challenges from fluctuating metal prices and rising inventory costs [2][4][9]. Financial Overview - Total assets increased from 326.57 billion in 2022 to 484.78 billion in 2025 [7]. - Owner's equity rose from 152.95 billion in 2022 to 178.73 billion in 2025 [7]. - Total liabilities increased from 173.62 billion in 2022 to 306.06 billion in 2025 [7]. - Total revenue decreased from 656.47 billion in 2023 to 598.62 billion in 2024, with a net profit of 13.21 billion in 2024 [7][31]. - The operating cash flow showed a decline, with a net cash flow of -2.82 billion in the first quarter of 2025 [7]. Industry Context - The nonferrous metal industry is cyclical and closely tied to global economic conditions, with significant price volatility impacting profitability [11]. - The lead and zinc market is expected to face supply pressures in 2025, with potential price declines due to increased production and changing consumption patterns [12][13]. - Copper prices are projected to rise in 2025, supported by domestic demand, although processing fees are under pressure [15][31]. Company Strengths - The company has rich lead and zinc resource reserves and a complete industrial chain, with significant scale and technical advantages in smelting operations [9][11]. - The company benefits from strong external support from its state-owned parent company, enhancing its operational stability [11][16]. - The company is actively expanding its new materials segment, which is expected to contribute to future growth [19][31]. Risks and Challenges - The company faces challenges from declining processing fees and rising inventory costs, which could pressure profit margins [4][9][26]. - The ongoing construction of new projects may require significant capital expenditures, impacting liquidity [30][31]. - The company must navigate the uncertainties in global economic conditions and commodity prices, which could affect its financial performance [11][12].

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-061 | | --- | --- | --- | | 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"中金转债"跟踪评级结果的公告 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。 根据中国证券监督管理委员会《公司债券发行与交易管 理办法》和深圳证券交易所《公司债券上市规则》的相关规 定，深圳市中金岭南有色金属股份有限公司（以下简称"公 司"）委托中诚信国际信用评级有限责任公司（以下简称"中 诚信国际"）对公司 2020 年发行的可转换债券"中金转债" （债券代码：127020）进行跟踪评级：中诚信国际对公司主 体信用等级维持为 AA+,评级展望为"稳定"；维持"中金转 债"的信用等级为 AA+。 投资者欲全面了解本次信用评级报告的具体情况，请查 阅 与 本 公 告 同 日 刊 登 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上的《深圳市中金岭南有色金 属股份有限公司 2025 年度跟踪评级报告》全文。 ...

深圳市中金岭南有色金属股份有限公司 2025 年度跟踪评级报告 编号：信评委函字[2025]跟踪 0462 号 深圳市中金岭南有色金属股份有限公司 2025 年度跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2025 年 6 月 13 日 2 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关 ...

Investment Rating - The report highlights the deep-sea technology sector as a strategic emerging industry, with a projected global market size exceeding $500 billion by 2025, growing at an annual rate of over 15% [1][4]. Core Insights - The report emphasizes the rapid development of the global deep-sea technology market, with significant investment opportunities in sub-sectors such as deep-sea equipment manufacturing, resource exploration, and deep-sea biomedicine [1][4]. - The Chinese deep-sea economy is expected to reach approximately $3.25 trillion by 2025, accounting for 25% of the total marine economy, with a growth rate exceeding 20% [43][44]. Summary by Sections Industry Overview - The deep-sea technology sector has been recognized as a key area for strategic development, with the Chinese government prioritizing its growth in the 2025 Government Work Report [1][4]. - The global deep-sea technology market is projected to surpass $500 billion by 2025, with a compound annual growth rate (CAGR) of over 15% [1][4]. Industry Status - The report indicates that the global deep-sea technology market is experiencing rapid growth, with the deep-sea oil and gas sector remaining a cornerstone, while emerging fields like underwater mining and underwater vehicles are also expanding significantly [37][39]. - The underwater mining market is expected to grow from approximately $3.7 billion in 2024 to $15.9 billion by 2029, with a CAGR of 33.7% [37][39]. Investment Strategy - The report suggests focusing on investment opportunities in extreme environment equipment that relies on high-strength titanium alloys, nanocomposite materials, and intelligent control systems [4][37]. - Short-term strategies include capitalizing on domestic replacements driven by policy support, while long-term strategies should focus on breakthroughs in materials and core components [4][37]. Industry Chain and Key Enterprises - The report categorizes the industry chain into upstream (materials and technology), midstream (precision components and complete equipment), and downstream (applications and commercialization scenarios) [52][53]. - Key players in the upstream segment include companies like Western Materials and BaoTi Co., while midstream players include China Shipbuilding and China Heavy Industry [52][53].

Core Points - Shenzhen Zhongjin Lingnan Nonfemet Company Limited has successfully issued its first phase of technology innovation bonds for the year 2025, raising a total of 800 million RMB [1] - The bonds have a maturity period of 3 years, with an interest rate of 2.03% and a face value of 100 RMB per 100 RMB [1] - The issuance was approved during the annual shareholders' meeting held on May 8, 2023, where the company was authorized to register and issue medium-term notes up to 5 billion RMB [1] Summary by Sections Bond Issuance Details - Bond Name: Shenzhen Zhongjin Lingnan Nonfemet Company Limited 2025 First Phase Technology Innovation Bond [1] - Bond Code: 102582195.IB [1] - Total Issued Amount: 800 million RMB, matching the planned issuance [1] - Interest Rate: 2.03% [1] - Issuance Date: May 29, 2025 [1] - Maturity Date: May 29, 2028 [1] Approval and Registration - The company received approval from the China Interbank Market Dealers Association to register the medium-term notes with a total amount of 5 billion RMB [1] - The registration is valid for 2 years from the date of the notice [1] Underwriters - Bookrunner: Shanghai Bank Co., Ltd. [1] - Lead Underwriters: Shanghai Bank Co., Ltd., CITIC Bank Co., Ltd., Beijing Bank Co., Ltd., China Everbright Bank Co., Ltd., Ping An Bank Co., Ltd. [1]

技创新债券，募集资金已于 2025 年 5 月 29 日到账。现将发 行结果公告如下： 深圳市中金岭南有色金属股份有限公司 关于2025年度第一期科技创新债券 发行结果的公告 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"）于 2023 年 5 月 8 日召开的 2022 年年度股东大会，审 议通过了《关于公司申请注册发行中期票据的议案》，同意 公司向中国银行间市场交易商协会（以下称"交易商协会"） 申请注册发行不超过人民币 50 亿元的中期票据。具体内容 详见公司于 2023 年 4 月 10 日在登载于巨潮资讯网 （www.cninfo.com.cn）上披露的《关于公司申请注册发行中 期票据的公告》（公告编号：2023-031）。 2023 年 10 月 26 日，公司收到交易商协会核发的《接受 注册通知书》（中市协注〔2023〕MTN1152 号），交易商协 会决定接受公司中期票据注册，注册金额为人民币 50 亿元， 注册额度自通知书落款之日起 2 年内有效，在注册有效期内 可分期发行。 | 证券代 ...

Core Viewpoint - The new materials industry in Shenzhen is emerging as a significant player in the technological revolution and industrial transformation, with Shenzhen Zhongjin Lingnan Nonfemet Company Limited's subsidiary, Zhongjin Technology, leading the way through innovation and industry expertise [1][2]. Group 1: Company Overview - Zhongjin Technology is a key member of the Guangsheng Holding Group, focusing on advanced materials in the non-ferrous metal sector and addressing critical technological challenges [2]. - The company has established itself as a leader in high-performance powder materials, battery storage materials, and composite metal materials, achieving significant market share in various segments [2][3]. Group 2: Product Development - Zhongjin Technology's star product, the mercury-free zinc alloy for alkaline zinc-manganese batteries, has captured over 50% of the domestic market, ranking first in China and among the top three globally [2]. - The company also maintains strong production and sales volumes in other key products such as thermal bimetals and punched nickel-plated steel strips, solidifying its leadership position in the industry [2]. Group 3: Quality and Management - The company emphasizes quality as its lifeline, implementing a "three precision management" model focused on organizational efficiency, detailed management, and lean operations [4]. - Zhongjin Technology has achieved multiple certifications, including ISO quality management and environmental management, reinforcing its commitment to high standards and innovation [4]. Group 4: Future Development - The company plans to continue its commitment to the FAITH management philosophy, focusing on innovation, quality, and a collaborative development model to enhance its core competitiveness [7]. - Zhongjin Technology aims to evolve into a world-class new materials manufacturer characterized by outstanding products, exceptional brands, leading innovation, and modern governance [7].

Industry Overview - China's zinc concentrate production has shown a decline overall, stabilizing around 3.5 million tons since 2020. In 2023, domestic zinc concentrate production reached 3.69 million tons, a year-on-year increase of 11%. However, in 2024, production is expected to decrease to 3.4688 million tons, a year-on-year decline of 6.12% [1][10] - The supply situation for zinc ore in 2024 is significantly below expectations due to adjustments in mining plans, declining ore grades, and weather conditions. Advances in exploration technology, such as deep exploration techniques, are expected to uncover more zinc resources, providing a resource base for increased zinc concentrate production [1][10] Industry Chain Definition and Classification - The zinc mining industry encompasses a complete system from resource exploration to end-product application. The upstream focuses on exploration and mining, the midstream is dedicated to smelting and processing, and the downstream involves the application and recycling of zinc products across various industries [3] Development History - The development of China's zinc mining industry has gone through three stages: initial establishment, rapid growth, and integration upgrade. Initially, the industry was weak and relied on imports, but it gradually achieved self-sufficiency. After the reform and opening up, the industry experienced rapid growth with significant improvements in mining and smelting technologies. In the 21st century, the industry began to integrate and upgrade, focusing on technological innovation and resource recycling [5][6] Current Development Status - China is one of the world's major zinc resource countries, with proven zinc reserves ranking among the top globally. As of 2023, China's zinc reserves reached 59.9271 million tons, with significant concentrations in regions such as Inner Mongolia, Yunnan, and Qinghai [8][12] Key Enterprises Analysis - The competitive landscape of China's zinc mining industry is diverse and intense. Key players include: - Chihong Zn & Ge Co., Ltd., which has a complete industry chain and leading technology in zinc mining and processing [14][16] - Zhongjin Lingnan Nonfemet Company, which has a strong resource reserve and comprehensive industry chain layout [14][16] - Luoping Zinc & Electricity Co., Ltd., focusing on high-quality zinc smelting and processing [14][16] - Zijin Mining Group, a global mining giant with advanced technology and a global business network [14][16] Future Development Trends - Intelligent mining and ore selection are becoming important trends in the zinc mining industry, utilizing advanced technologies such as big data and AI to optimize mining processes [20] - The development of green smelting technology is crucial for sustainable development, focusing on energy conservation and resource recycling [21][22] - Extending the industry chain and enhancing product added value are key directions for transformation and upgrading, allowing companies to diversify and improve profitability [23]