证券代码：000603 证券简称：盛达资源 公告编号：2025-048 盛达金属资源股份有限公司 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：盛达金属资源股份有限公司（以下简称"公司"）已审批的为合 并报表范围内子公司（以下简称"子公司"）提供担保、子公司之间互相提供担 保、子公司为公司提供担保额度合计超过公司最近一期经审计净资产的 100%， 其中有对资产负债率超过 70%的子公司提供担保，公司及子公司未对合并报表范 围外单位提供担保。 一、担保情况概述 公司分别于 2025 年 4 月 28 日、2025 年 5 月 20 日召开第十一届董事会第八 次会议、2024 年度股东大会，审议通过了《关于公司及子公司 2025 年度担保额 度预计的议案》，同意公司为子公司提供担保、子公司之间互相提供担保、子公 司为公司提供担保额度合计不超过人民币 60 亿元。担保范围包括但不限于流动 资金贷款、项目贷款、并购贷款、银行委托贷款、融资租赁、银行承兑汇票、保 函、保理、开立信用证、票据贴现、资产证券化等融资业务，担保方式包括一般 保证、连带责任保证、抵押 ...

证券日报网讯 8月28日晚间，盛达资源发布公告称，公司控股子公司湖南金业环保科技有限公司向中国 光大银行股份有限公司郴州分行申请授信额度人民币3，000万元，公司、金业环保法定代表人赵纪章先 生及其配偶为金业环保上述授信业务提供连带责任保证担保，担保的主债权最高本金余额为人民币3， 000万元。金业环保将为公司本次担保提供连带责任保证反担保，金业环保少数股东资兴市钰坤农业生 态发展有限公司、资兴市佳诚生态农业发展有限公司将以其出资比例为公司本次担保提供股权质押反担 保。公司与光大银行郴州分行签署了《最高额保证合同》。本次金业环保融资、公司为金业环保提供担 保的额度在公司第十一届董事会第八次会议、2024年度股东大会审议通过的2025年度融资、担保额度范 围内。 （编辑 李家琪） ...

Market Overview - On August 28, the industrial metals sector rose by 0.39% compared to the previous trading day, with Haixing Co. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Top Performers - Haixing Co. (603115) closed at 19.64, up 5.42% with a trading volume of 144,300 shares and a transaction value of 279 million [1] - Huayu Mining (601020) closed at 24.99, up 4.04% with a trading volume of 539,600 shares and a transaction value of 1.325 billion [1] - Liyuan Co. (002501) closed at 2.36, up 3.51% with a trading volume of 1,865,100 shares and a transaction value of 427 million [1] Underperformers - Tianshan Aluminum (002532) closed at 9.76, down 2.50% with a trading volume of 1,166,600 shares and a transaction value of 1.116 billion [2] - Wanshun New Materials (300057) closed at 6.34, down 1.55% with a trading volume of 769,200 shares and a transaction value of 488 million [2] - Shenhuo Co. (000933) closed at 18.89, down 1.46% with a trading volume of 426,400 shares and a transaction value of 801 million [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.626 billion from institutional investors, while retail investors saw a net inflow of 789 million [2] - The main capital flow data indicates that Huayu Mining had a net inflow of 80.43 million from institutional investors, while Liyuan Co. had a net inflow of 49.66 million [3]

证券代码：000603 证券简称：盛达资源 公告编号：2025-048 盛达金属资源股份有限公司 关于为控股子公司提供担保的进展公告 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：盛达金属资源股份有限公司（以下简称"公司"）已审批的为合 并报表范围内子公司（以下简称"子公司"）提供担保、子公司之间互相提供担 保、子公司为公司提供担保额度合计超过公司最近一期经审计净资产的 100%， 其中有对资产负债率超过 70%的子公司提供担保，公司及子公司未对合并报表范 围外单位提供担保。 一、担保情况概述 公司分别于 2025 年 4 月 28 日、2025 年 5 月 20 日召开第十一届董事会第八 次会议、2024 年度股东大会，审议通过了《关于公司及子公司 2025 年度担保额 度预计的议案》，同意公司为子公司提供担保、子公司之间互相提供担保、子公 司为公司提供担保额度合计不超过人民币 60 亿元。担保范围包括但不限于流动 资金贷款、项目贷款、并购贷款、银行委托贷款、融资租赁、银行承兑汇票、保 函、保理、开立信用证、票据贴现、资产证券化等融资业务，担保方 ...

Group 1 - The stock price of Shengda Resources closed at 16.30 yuan on August 27, down 0.70 yuan, a decrease of 4.12% from the previous trading day [1] - The trading volume on that day was 233,500 hands, with a transaction amount of 389 million yuan [1] - Shengda Resources operates in the non-ferrous metals industry, focusing on the mining and sales of non-ferrous metal ores, with main products including lead concentrate, zinc concentrate, and silver ingots [1] Group 2 - The company announced on August 27 that its subsidiary Dongsheng Mining has mining and exploration rights in different mining areas, and will adjust the names of ongoing construction projects as development progresses [1] - Additionally, the company revealed that gold and silver concentrate produced by Jinshan Mining in the first half of the year has started to be sold gradually from the third quarter [1] Group 3 - On August 27, the net outflow of main funds was 20.34 million yuan, accounting for 0.19% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds reached 118 million yuan, representing 1.08% of the circulating market value [1]

Group 1 - The company Shengda Resources stated on August 27 that its subsidiary Dongsheng Mining has one mining right and two exploration rights located in different mining areas [1] - Dongsheng Mining has not developed these areas previously, and the projects have been uniformly reported as the Unikutu Mining Area project in past reports [1] - As Dongsheng Mining progresses with construction and production, the names of the projects listed in future reports will be adjusted accordingly [1]

Core Viewpoint - Shengda Resources experienced a stock price decline of 2.06% on August 27, 2023, with a current price of 16.65 CNY per share and a total market capitalization of 11.488 billion CNY [1] Financial Performance - For the first half of 2025, Shengda Resources reported a revenue of 906 million CNY, reflecting a year-on-year growth of 6.34%, while the net profit attributable to shareholders decreased by 15.03% to 70.1 million CNY [2] - The company has distributed a total of 1.298 billion CNY in dividends since its A-share listing, with 120 million CNY distributed over the past three years [3] Shareholder Information - As of August 8, 2023, the number of shareholders for Shengda Resources was 31,200, a decrease of 0.27% from the previous period, with an average of 21,395 circulating shares per shareholder, an increase of 0.27% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 25.56 million shares, an increase of 1.3814 million shares from the previous period [3]

Investment Rating - The report maintains a "Recommended" rating for Shengda Resources [1] Core Views - The company's revenue for the first half of 2025 was 906 million yuan, a year-on-year increase of 6.34%, while the net profit attributable to shareholders was 70 million yuan, a year-on-year decrease of 15.03% [5] - The company is experiencing a significant increase in taxes and additional charges, which has negatively impacted its performance [5] - The mining projects are progressing steadily, with clear increases in precious metal production expected [5] Financial Performance Summary - In Q2 2025, the company's revenue was 554 million yuan, a year-on-year decrease of 5.99% but a quarter-on-quarter increase of 57.01% [5] - The net profit for Q2 2025 was 62 million yuan, down 32.28% year-on-year but up 646.15% quarter-on-quarter [5] - The company has seen an increase in silver production by 13.06% year-on-year, while lead production decreased by 1.08% and zinc production increased by 4.63% [5] Project Development Summary - The company is advancing its mining projects, with the Silver City Mining's exploration rights integration expected to yield new mining licenses in the second half of the year [5] - The Jinshan Mining has completed resource increases, with confirmed ore resources increasing by 1.82 million tons and silver metal by 608.67 tons [5] - The company anticipates production of 500 kg of gold in the first year after the completion of the Honglin Mining project, with full production expected to reach 1-1.5 tons per year [5] Investment Recommendations - The company is positioned as a leading silver producer in China and is expanding into the gold sector, which is expected to enhance its valuation [5] - The projected net profits for 2025-2027 are 546 million, 917 million, and 1.025 billion yuan, respectively, with corresponding EPS of 0.79, 1.22, and 1.36 [6][7] - The report suggests that the company is likely to experience dual improvements in performance and valuation due to its expansion into precious metals [5]

格隆汇8月25日｜民生证券研报指出，盛达资源2025年上半年实现归母净利润0.7亿元，同比减少 15.03%，单季度看，25Q2归母净利润0.62亿元，同比减少32.28%，环比增长646.15%。金属价格上行， 毛利率抬升但净利率下降。现有矿山进展顺利，菜园子即将投产：在产矿山中，公司于24年完成金山矿 业技改工作提高银、金回收率，降低选矿成本；东晟矿业生产规模25万吨/年，目前正在进行矿山建设 工作，矿区建成后将由银都矿业代加工后进行销售，预计于2026年投产；德运矿业于2024年2月取得采 矿证，证载生产规模为90万吨/年，目前正在进一步开展探矿和相关手续办理工作；另外公司鸿林矿业 菜园子铜金矿生产规模为39.6万吨/年，预计于2025年7月-9月进入试生产阶段，满产后对应黄金年产量 约1吨。维持"推荐"评级。 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [6][24][26] Core Views - The company's net profit for the first half of 2025 was 70.1 million yuan, a year-on-year decline of 15%, while revenue increased by 6.34% to 906 million yuan [8][24] - The company is expected to gradually release its performance as various production capacities come online, with projected revenues for 2025-2027 of 2.693 billion, 3.553 billion, and 4.311 billion yuan, respectively, reflecting growth rates of 33.79%, 31.91%, and 21.32% [24][26] Financial Performance Summary - In the first half of 2025, the company achieved a gross profit margin of 44.02%, an increase of 8.73 percentage points year-on-year, while the net profit margin was 11.39%, down 1.14 percentage points [2][16] - The company's silver production increased by 13.06% year-on-year, while lead production decreased by 1.08% and zinc production increased by 4.63% [3][23] - The average spot price for silver in the first half of 2025 was 8,193 yuan per kilogram, up 21% year-on-year, and the average price for gold was 722 yuan per gram, up 39% [3][23] Future Outlook - The company plans to orderly advance the construction of related mines, with seven mining subsidiaries expected to have mineral resources of 7,156 tons of silver and 26.4 tons of gold by the end of 2024 [3][24] - The company aims to control mining production costs and promote the construction and production of various projects in the second half of the year [3][24]