Company Overview - Shengda Metal Resources Co., Ltd. is engaged in mining and resource management, focusing on precious metals such as gold and silver [1] - The company is currently in the process of obtaining safety production permits for its operations [1] Mining Operations - Honglin Mining's identified resource reserves include: - Ore volume: 6.056 million tons - Gold content: 17,049 kg with an average grade of 2.82 g/t - Copper content: 29,015 tons with an average grade of 0.48% [1] - The expected production scale is 39.60 million tons per year, with actual output to be confirmed post-production [2] Production Timeline - Full production is anticipated to be achieved by 2026, with daily full capacity expected in 2027-2029 [2] - The company is actively exploring for additional reserves and has initiated deep exploration efforts [2] Product Pricing and Sales - The pricing coefficient for products ranges between 90%-95%, depending on moisture and metal content [2] - Sales of trial production products will comply with government regulations, with detailed sales data to be included in the 2025 annual report [1] Acquisition Strategy - The company plans to focus on acquiring high-quality precious metal mining projects, targeting operational mines with a service life of over 15 years [2] - Acquisitions will be evaluated based on price and market conditions, avoiding high-cost purchases [2] Taxation and Financials - The company has seen a significant increase in tax payments compared to the previous year, as detailed in the 2025 semi-annual report [4] - Future tax obligations will depend on local government policies [4]

Core Viewpoint - The cobalt and nickel sector is experiencing a strong rally, with several companies reaching their daily price limits [1] Group 1: Stock Performance - Companies such as Xingye Yinxin, Guocheng Mining, and Shengtun Mining have hit the daily limit up [1] - Other notable performers include Huayou Cobalt, Tibet Mining, ST Hezhong, Hainan Mining, Shengda Resources, Dangsheng Technology, and Hanrui Cobalt, which have shown significant price increases [1]

北京市朝阳区建外大街甲 14 号广播大厦 5&9&10&13&17 层 法律意见书 北京海润天睿律师事务所 关于盛达金属资源股份有限公司 2025 年第一次临时股东大会的 法律意见书 中国·北京 邮政编码：100022 电话：（010）65219696 传真：（010）88381869 法律意见书 北京海润天睿律师事务所 关于盛达金属资源股份有限公司 2025 年第一次临时股东大会的 法 律 意 见 书 致：盛达金属资源股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受盛达金属资源股份有限 公司（以下简称"公司"）的委托，指派本所律师对公司 2025 年第一次临时股 东大会（以下简称"本次股东大会"）进行见证。 本所律师根据《中华人民共和国证券法》、《中华人民共和国公司法》（以下 简称"《公司法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、 《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则 （试行）》等法律、行政法规、规章、规范性文件以及《盛达金属资源股份有限 公司章程》（以下简称"《公司章程》"）的规定，对本次股东大会的召集和召开程 序、召集人和出席会议人员资 ...

盛达金属资源股份有限公司 2025年第一次临时股东大会决议公告 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。 证券代码：000603 证券简称：盛达资源 公告编号：2025-065 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025 年 11 月 12 日 15:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 12 日 9:15—9:25，9:30—11:30，13:00—15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 11 月 12 日 9:15 至 15:00 的任意时 间。 2、现场会议召开地点：北京市丰台区南方庄 158 号盛达大厦 2 楼会议室 特别提示： 1、本次股东大会未出现否决提案的情形。 3、会议召开方式：现场表决与网络投票相结合 4、会议召集人：公司董事会 5、会议主持人：公司董事长赵庆先生 6、本次会议的召集、召开与表决程序符合有关法律、行政法规、部门规章、 ...

Core Viewpoint - Shengda Resources has shown significant stock performance with a year-to-date increase of 101.60%, despite recent fluctuations in trading volume and net capital flow [1][2]. Group 1: Stock Performance - As of November 12, Shengda Resources' stock price reached 23.97 CNY per share, with a trading volume of 1.48 billion CNY and a market capitalization of 165.39 billion CNY [1]. - The stock has experienced a 7.25% increase over the last five trading days, a 10.56% decrease over the last 20 days, and a 53.65% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for high-volume stocks) twice this year, with the most recent appearance on October 14, where it recorded a net buy of -95.68 million CNY [1]. Group 2: Business Overview - Shengda Resources, established on June 22, 1995, and listed on August 23, 1996, is primarily engaged in the production and sale of silver-lead concentrate and zinc concentrate, along with non-ferrous metal trading [2]. - The revenue composition includes lead concentrate (46.04%), non-ferrous metal trading (23.91%), zinc concentrate (20.44%), renewable metal (5.26%), silver ingots (2.28%), and gold (1.02%) [2]. - For the period from January to September 2025, the company reported a revenue of 1.652 billion CNY, reflecting an 18.29% year-on-year growth, and a net profit of 323 million CNY, marking a 61.97% increase [2]. Group 3: Shareholder Structure - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 16.63 million shares, a decrease of 8.93 million shares from the previous period [3]. - Qianhai Kaiyuan Gold and Silver Jewelry Mixed A (001302) is the sixth largest shareholder, increasing its holdings by 1.13 million shares [3]. - Huashang New Trend Preferred Mixed (166301) is a new entrant among the top ten shareholders, holding 7 million shares [3].

Core Insights - The industrial metal sector experienced a rise of 0.58% on November 10, with Guocheng Mining leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Industrial Metal Sector Performance - Guocheng Mining (000688) saw a closing price of 20.92, with a significant increase of 9.99% and a trading volume of 280,000 shares, amounting to a transaction value of 582 million yuan [1] - Other notable performers included: - Huayu Mining (601020) with a closing price of 29.18, up 7.16% [1] - Chang Aluminum (002160) at 6.34, up 5.67% [1] - Baiyin Nonferrous (601212) at 5.28, up 4.76% [1] - Yuguang Jinlead (600531) at 12.19, up 3.48% [1] Capital Flow Analysis - The industrial metal sector saw a net inflow of 1.628 billion yuan from main funds, while retail funds experienced a net outflow of 1.237 billion yuan [2] - The main funds' net inflow for China Aluminum (601600) was 292 million yuan, representing 4.80% of its total [3] - Guocheng Mining (000688) had a main fund net inflow of 113 million yuan, accounting for 19.35% [3]

Market Overview - On November 7, the industrial metals sector rose by 0.31% compared to the previous trading day, with Guocheng Mining leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Top Gainers in Industrial Metals - Guocheng Mining (000688) closed at 19.02, up 7.64% with a trading volume of 362,000 shares and a transaction value of 680 million [1] - Dingsheng New Materials (603876) closed at 14.33, up 3.99% with a trading volume of 907,500 shares [1] - Jiaozuo Wanfang (000612) closed at 11.10, up 3.35% with a trading volume of 1,200,200 shares and a transaction value of 1.317 billion [1] Top Losers in Industrial Metals - Chang Aluminum (002160) closed at 6.00, down 4.31% with a trading volume of 2,002,700 shares and a transaction value of 1.213 billion [2] - Minfa Aluminum (002578) closed at 4.11, down 3.97% with a trading volume of 2,013,000 shares and a transaction value of 834 million [2] - Chuangjiang New Materials (002171) closed at 12.22, down 3.86% with a trading volume of 1,309,900 shares and a transaction value of 1.613 billion [2] Capital Flow Analysis - On the same day, the industrial metals sector experienced a net outflow of 1.923 billion from institutional investors, while retail investors saw a net inflow of 1.269 billion [2][3] - The main capital inflow was observed in Nanshan Aluminum (600219) with a net inflow of 40.072 million, while Guocheng Mining (000688) had a net inflow of 21.907 million [3] Summary of Individual Stock Performance - Nanshan Aluminum (600219) had a net inflow of 40.072 million from main capital, with a retail net inflow of 173 million [3] - Guocheng Mining (000688) had a net inflow of 21.907 million from main capital, but a net outflow of 1.945 million from retail investors [3] - The overall performance of the industrial metals sector indicates mixed investor sentiment, with significant retail interest despite institutional outflows [2][3]

Core Viewpoint - Shengda Resources has shown significant stock performance with a year-to-date increase of 91.76%, despite recent declines in the short term [1][2]. Financial Performance - For the period from January to September 2025, Shengda Resources achieved a revenue of 1.652 billion yuan, representing a year-on-year growth of 18.29%. The net profit attributable to shareholders was 323 million yuan, reflecting a substantial increase of 61.97% [2]. - The company has distributed a total of 1.298 billion yuan in dividends since its A-share listing, with 120 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 6, the stock price of Shengda Resources was 22.80 yuan per share, with a market capitalization of 15.731 billion yuan. The trading volume was 250 million yuan, with a turnover rate of 1.67% [1]. - The stock has experienced fluctuations, with a 2.23% decline over the last five trading days and a 20.28% drop over the last 20 days, while it has increased by 42.32% over the last 60 days [1]. Shareholder Structure - As of October 31, the number of shareholders for Shengda Resources was 41,700, an increase of 4.38% from the previous period. The average number of circulating shares per shareholder decreased by 4.19% to 15,971 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 16.6334 million shares, a decrease of 8.9271 million shares from the previous period. New entrants include Huashang New Trend Preferred Mixed Fund, holding 7 million shares [3].

Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder of Shengda Resources, indicating a high level of share pledging and the financial implications for the company [1][2]. Group 1: Share Pledge and Release - The controlling shareholder, Gansu Shengda Group, has released and pledged a portion of its shares, with over 80% of its holdings being pledged [1]. - The total number of shares pledged by the controlling shareholder and its concerted parties due within the next six months is 46,440,000 shares, accounting for 16.22% of their total holdings and 6.73% of the company's total share capital, with a corresponding financing balance of 214 million yuan [2]. - For the next year, the total number of pledged shares is 110,676,895, representing 38.64% of their total holdings and 16.04% of the company's total share capital, with a financing balance of 632.45 million yuan [2]. Group 2: Financial Health and Debt Obligations - The controlling shareholder and its concerted parties have a good credit status and repayment capability, with repayment sources being their own or self-raised funds [2]. - Shengda Group's total borrowings amount to 4.83 billion yuan, with 1.67 billion yuan due in the next six months and 3.43 billion yuan due in the next year [7]. - There have been no significant overdue debts or defaults in the past year for Shengda Group and its concerted party, indicating a stable financial position [7]. Group 3: Business Operations and Governance - The pledged financing is not intended for the company's operational needs, and the pledge will not affect the company's production, operations, or governance [2][9]. - The high proportion of pledged shares is primarily to meet the operational needs of the controlling shareholder, which maintains a good credit status and repayment capability [9].

Core Viewpoint - Lanzhou Bank announced that its shareholder, Shengda Group, will release the pledge on 68.2 million shares on October 30, 2025, which accounts for 24.36% of its holdings and 1.20% of the total share capital [1] Group 1 - Shengda Group re-pledged the same 68.2 million shares to the bank on November 3, 2023, for limited sale, intended for production and operation [1] - As of November 3, 2023, Shengda Group and its affiliate, Shengda Resources, hold a total of 335,772,000 unpledged shares in the bank [1]