Core Viewpoint - The company intends to acquire a 60% stake in Yichun Jinshi Mining Co., Ltd. for a cash consideration of 500 million yuan, which will make Jinshi Mining a subsidiary of the company [1] Group 1: Acquisition Details - The acquisition involves cash payment of 500 million yuan for the stake held by Dai Hongbo, Song Heping, and Liang Zhengbin [1] - Post-transaction, Jinshi Mining will become a controlling subsidiary of the company [1] Group 2: Asset Information - Jinshi Mining's core asset is the exploration rights for the 460 Gaodi Gold Mine located in the Xinlin District of Daxing'anling, Heilongjiang Province [1] - The exploration area includes three mineralized alteration zones: Zone I (copper-molybdenum), Zone II, and Zone III (gold) [1] - Zone I contains a large porphyry copper-molybdenum deposit, with resource estimates for the main and subordinate ore bodies having been reviewed and filed [1] Group 3: Strategic Implications - The transaction aligns with the company's strategic planning and aims to enhance its reserve of quality mineral resources [1] - The acquisition is expected to strengthen the company's market competitiveness and sustainable development capabilities [1]

Group 1 - The company plans to acquire a 60% stake in Jinshi Mining for a total cash consideration of 500 million yuan, enhancing its mineral resource reserves and profitability [1][2] - The acquisition involves purchasing 31.71% from Dai Hongbo for 264.25 million yuan, 25.53% from Song Heping for 212.75 million yuan, and 2.76% from Liang Zhengbin for 23 million yuan [1] - After the transaction, Jinshi Mining will become a subsidiary of the company, with its core asset being the 460 Gaodi Rock Gold Mine exploration rights [1][2] Group 2 - The 460 Gaodi Rock Gold Mine exploration rights include one copper-molybdenum belt and two gold belts, with the copper-molybdenum belt expected to be converted to mining rights [2] - The transaction aligns with the company's strategic planning, enhancing its quality mineral resource reserves and market competitiveness [2] - The completion of the transaction is not expected to significantly impact the company's normal operations, but will positively affect its future financial status and operational results once the mine is operational [2]

证券代码：000603 证券简称：盛达资源 公告编号：2025-074 盛达金属资源股份有限公司 关于收购伊春金石矿业有限责任公司 60%股权的公告 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。 特别提示： 1、盛达金属资源股份有限公司（以下简称"公司"）拟以现金 50,000.00 万 元收购代洪波、宋和明、梁正斌合计持有的伊春金石矿业有限责任公司（以下简 称"金石矿业"、"标的公司"）60%股权（以下简称"标的资产"）。本次交 易完成后，金石矿业将成为公司的控股子公司。 2、金石矿业的核心资产为黑龙江省大兴安岭新林区 460 高地岩金矿勘探的 探矿权（以下简称"460 高地岩金矿探矿权"），460 高地岩金矿探矿权矿区圈 出矿化蚀变带 3 条，I 号为铜钼矿化蚀变带，II、III 号为金矿化蚀变带。I 号铜钼 矿带位于探矿权矿区的中北部，为大型斑岩铜钼矿床，Ⅰ号铜钼矿带的Ⅰ-1 号主 矿体和 18 条从属矿体（Ⅰ-2~Ⅰ-8、Ⅰ-11~Ⅰ-14、Ⅰ-16、Ⅰ-17、Ⅰ-19~Ⅰ-22、 Ⅰ-25）的资源量估算结果已通过评审备案。Ⅰ号铜钼矿带的探矿权拟转为 ...

本议案在公司董事会审议前，已经公司董事会战略委员会审议通过，并同意 提交公司董事会审议。 具体内容详见公司同日刊登在信息披露网站巨潮资讯网（www.cninfo.com.cn） 和信息披露媒体《证券时报》《中国证券报》《上海证券报》《证券日报》的《关 于收购伊春金石矿业有限责任公司 60%股权的公告》（公告编号：2025-074）。 二、备查文件 证券代码：000603 证券简称：盛达资源 公告编号：2025-073 盛达金属资源股份有限公司 第十一届董事会第十三次会议决议公告 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。 盛达金属资源股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日以通 讯表决方式召开了第十一届董事会第十三次会议，本次会议通知于 2025 年 12 月 5 日以邮件等方式发出。会议应参加董事 9 名，实际参加董事 9 名。会议由董事 长赵庆先生主持，本次会议的召集、召开和表决程序符合法律法规、规范性文件 及《盛达金属资源股份有限公司章程》的有关规定。会议经表决形成如下决议： 一、审议通过《关于收购伊春金石矿业有限责任公司 ...

盛达资源公告，拟以现金5亿元收购代洪波、宋和明、梁正斌合计持有的伊春金石矿业有限责任公司 60%股权。交易完成后，金石矿业将成为公司的控股子公司。金石矿业的核心资产为黑龙江省大兴安岭 新林区460高地岩金矿勘探的探矿权。 ...

Core Viewpoint - The average increase of silver concept stocks has reached 79.24% this year, significantly outperforming the Shanghai Composite Index during the same period [1] Group 1: Stock Performance - Six silver concept stocks, including Xingye Yinxin, Huayu Mining, Shengda Resources, Pengxin Resources, Zijin Mining, and Chifeng Gold, have seen their annual growth rates double [1] - As of December 5, 2023, 13 silver concept stocks have a rolling price-to-earnings (P/E) ratio below 30, with companies like Yuguang Gold Lead, Zhuhai Group, Zijin Mining, and Western Mining having P/E ratios below 20 [1] Group 2: Valuation Levels - Yuguang Gold Lead has the lowest rolling P/E ratio at 15.04, indicating a potentially attractive valuation [1] - In the first three quarters of this year, Yuguang Gold Lead reported a net profit of 621 million yuan, reflecting a year-on-year growth of 11.99% [1] Group 3: Capital Flow - As of December 5, 2023, four silver concept stocks have seen net financing purchases exceeding 100 million yuan since December, including Yunnan Copper, Xingye Yinxin, Chifeng Gold, and Tongling Nonferrous Metals [1]

Financial Performance - The company's revenue for the first three quarters of 2025 was 16.52 billion CNY, representing a year-on-year growth of 18.29% [2] - The net profit attributable to shareholders for the same period was 3.23 billion CNY, with a year-on-year increase of 61.97% [2] - The growth in performance is attributed to the increase in metal prices [2] Production and Operations - The main product of the company is concentrate, with metal quantities needing to be calculated separately, typically disclosed in the annual report [2] - The expected production capacity of Honglin Mining after full production is 396,000 tons/year, with an average gold grade of 2.82 g/t and copper grade of 0.48% [4] - Honglin Mining is currently in the trial production phase, which will last until December 10, 2025 [4] Licensing and Compliance - The safety production license for Honglin Mining is expected to be obtained within 3-6 months after the trial production phase [3] - The company emphasizes the importance of safety production, with significant investments made annually to meet government safety requirements [8] Cost Management - The cost structure is influenced by multiple factors, including safety production requirements and the simplicity of the ore selection process, which helps control costs [8] - Jinshan Mining's technological improvements have primarily reduced the cost of ore selection while increasing the recovery rates of silver and gold [8] Future Growth Expectations - The company anticipates an increase in gold production following the official launch of Honglin Mining [9] - The Dongsheng Mining project, with a capacity of 250,000 tons/year, is under construction and expected to contribute to silver, lead, and zinc production growth [9] - Jinshan Mining's production capacity is projected to gradually increase to 480,000 tons/year, with plans to expand further based on resource availability [9] Shareholding Structure - The company holds a 62.96% stake in Yindu Mining, 100% in Guangda Mining, Jindu Mining, and Jinshan Mining, 54% in Deyun Mining, and 53% in Honglin Mining [10]

Core Viewpoint - The A-share market experienced a strong opening on December 1, with all three major indices rising, driven by significant inflows into large-cap stocks and various sectors such as smart speakers, MCU chips, and rare earths [1][2][4]. Market Performance - On December 1, the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, and other indices saw increases of 0.65%, 1.25%, 1.31%, and 1.52% respectively, with the Shanghai Composite Index surpassing 3910 points [1][2]. - The total market turnover reached 1.89 trillion yuan, an increase of 291.7 billion yuan from the previous trading day, indicating a significant increase in trading activity [2][4]. Sector Analysis - Key sectors that showed strong performance included smart speakers, MCU chips, ice and snow tourism, rare earths, and 6G technology, while lithium battery-related sectors experienced some adjustments [2][3]. - Among the major industries, non-ferrous metals, communication, and electronics led the gains, with increases of 2.85%, 2.81%, and 1.58% respectively [2][4]. Stock Contributions - Major contributors to the Shenzhen Component Index included Ningde Times, Zhongji Xuchuang, and ZTE, which collectively contributed 64.08 points, accounting for nearly 40% of the index's rise [2]. - In the ChiNext Index, Ningde Times and Zhongji Xuchuang were also significant contributors, accounting for over 90% of the index's increase [2]. Fund Flow - On December 1, the net inflow of funds into the Shanghai and Shenzhen markets exceeded 40 billion yuan, with large-cap stocks attracting significant investment [3][4]. - A total of 2321 stocks saw net inflows, while 2827 stocks experienced net outflows, indicating a preference for large-cap stocks [3][4]. Future Market Outlook - Analysts suggest that the current market conditions, including easing overseas disturbances and expectations of global liquidity, provide a solid foundation for a potential year-end rally [5]. - Historical trends indicate that growth and cyclical sectors are likely to perform well, with a focus on sectors such as aviation equipment and AI-related technologies [5].

Group 1 - The company is expanding its silver production capacity with the Dongsheng Mining 250,000 tons/year project expected to be operational by 2026, aiming for early investment and early returns [2] - The average silver metal grade at the Bayan Ula polymetallic mine is 284.90 grams/ton, which will significantly enhance the company's silver output upon completion [2] - The Jinshan Mining's production capacity is set to gradually increase to the approved 480,000 tons/year, with plans to apply for further expansion based on resource availability [2] Group 2 - Honglin Mining has entered a trial production phase for its high-grade gold mine, with copper-gold mixed concentrate containing 90-100 grams of gold per ton, starting from September 10, 2025 [3] - The company aims to optimize cost control by establishing long-term mechanisms to improve various operational efficiency metrics, with specific cost data to be disclosed in the 2025 annual report [4] - In Q1, the company's revenue was primarily driven by the sale of unsold inventory from the previous year due to low production output caused by climatic conditions [5] Group 3 - The company emphasized that the recent research activities did not involve any material information that should be disclosed [6]

Production Capacity and Forecast - The Dongsheng Mining Bayannur Silver Polymetallic Mine is expected to reach a production capacity of 250,000 tons/year, with an average silver grade of 284.90 g/t, aiming for completion in 2026 [3] - Honglin Mining's Caiyuzi Copper-Gold Mine has an expected average gold grade of 2.82 g/t and a copper grade of 0.48%, with a designed production scale of 396,000 tons/year [2] - The company anticipates a gold production of 125.25 kg from the Jinshan Mining Erintaolege Mine in 2024 [4] Cost Management and Financial Performance - The company is implementing measures to optimize five key indicators (ore loss rate, ore dilution rate, recovery rate, equipment operation rate, and labor productivity) to reduce costs [5] - There has been a significant increase in tax payments from mining subsidiaries compared to the same period last year, as detailed in the 2025 semi-annual report [6] - The first quarter revenue was primarily derived from the sale of inventory from the previous year due to lower production output influenced by climatic factors [7] Sales and Revenue Recognition - The sales price of mining products is based on average market prices from the Shanghai Gold Exchange, Shanghai Nonferrous Metals Network, and China Silver Network, with specific pricing coefficients determined by contract agreements [9] - The revenue recognition cycle for mining products varies and is adjusted based on market conditions [8]