Core Viewpoint - A safety accident occurred at the construction site of Dongsheng Mining, a subsidiary of Shengda Resources, resulting in the death of a rock drill worker. The company has initiated emergency measures and is cooperating with local authorities for investigation and safety improvements [2][4][12]. Summary by Sections Accident Details - On September 11, a rock drill worker from the contractor Zhejiang Zhongye Construction Group was killed due to a roof collapse in a previously supported tunnel. The incident occurred approximately 7 meters from the working face, where a section of rock suddenly fell [4]. - Shengda Resources expressed condolences to the victim's family and emphasized the importance of safety education and hazard identification to prevent future incidents [4]. Company Background - Dongsheng Mining is a secondary subsidiary of Shengda Resources, which indirectly holds shares through Inner Mongolia Yindu Mining. The company has a minority shareholder holding ratio of 30% [9][10]. - Shengda Resources acquired 70% of Dongsheng Mining in 2017 to enhance its resource reserves and profit potential, with the mining area being rich in silver and other metals [11][12]. Financial Performance - In 2024, Shengda Resources reported a revenue of 2.013 billion yuan, a decrease of 10.66% year-on-year, while net profit attributable to shareholders increased by 163.56% to 390 million yuan, primarily due to rising metal prices [15]. - For the first half of 2025, revenue grew by 6.34% to 906 million yuan, but net profit decreased by 3.32% to approximately 70.1 million yuan, attributed to increased taxes and operational challenges [15]. Market Performance - Despite fluctuations in financial performance, Shengda Resources' stock price has surged over 80% this year, closing at 21.63 yuan per share on September 12, with a total market capitalization of 14.9 billion yuan [16].

Group 1 - The company reported a tragic accident involving a worker from its subsidiary, Dongsheng Mining, during construction activities, resulting in a fatality due to a rockfall incident [2][3] - The company has initiated an emergency response plan and is cooperating with local authorities for a thorough investigation of the accident [2][3] - The company expressed condolences to the victim's family and emphasized the importance of safety training and hazard identification to prevent future incidents [3] Group 2 - Dongsheng Mining, which is indirectly held by the company through its subsidiary, has a production capacity of 250,000 tons per year and is currently under construction, not yet operational [4] - The duration of the construction halt will depend on the investigation's progress, but the accident is not expected to significantly impact the company's current operational performance [4] - According to the contract with the construction contractor, all responsibilities and losses related to safety incidents during construction are to be borne by the contractor [4]

Core Viewpoint - A safety accident occurred at the mining site of Dongsheng Mining, a subsidiary of Shengda Resources, leading to a fatality. The company is cooperating with the investigation and has temporarily halted operations at the site [4][5]. Group 1: Accident Details - On September 11, 2025, a roof collapse accident occurred during construction at Dongsheng Mining, resulting in the death of a worker from the contractor Zhejiang Zhongye Construction Group [4][5]. - The accident was caused by a sudden rock fall in a previously supported tunnel, approximately 7 meters from the working face [4][5]. - Dongsheng Mining activated its emergency response plan immediately after the incident, organizing rescue and cleanup efforts while reporting to local emergency management [5]. Group 2: Company Operations and Financials - Shengda Resources specializes in the mining and sales of precious and non-ferrous metals, operating seven subsidiaries, including Dongsheng Mining [7]. - In the first half of 2025, the company achieved a revenue of 906 million yuan, a year-on-year increase of 6.34%, with non-ferrous metal selection revenue rising by 44.24% to 640 million yuan [7]. - The company reported a net profit of 70.1 million yuan, a decrease of 15.03% year-on-year, attributed to increased tax payments and operational challenges in its mining subsidiaries [7]. Group 3: Stock Performance - Shengda Resources' stock has performed strongly, reaching a closing price of 21.63 yuan on September 12, 2025, with a total market capitalization of 14.924 billion yuan [8]. - Since June, the stock price has increased by over 60%, and it has risen more than 80% year-to-date [8].

Core Viewpoint - The article discusses a safety accident at Shengda Resources' subsidiary, Dongsheng Mining, which occurred during the construction of a mine, leading to a temporary halt in operations and an increase in the company's stock price despite the incident [1][5]. Group 1: Accident Details - On September 12, Shengda Resources announced that a safety accident occurred at its subsidiary Dongsheng Mining, resulting in the death of a worker due to a rockfall incident [5]. - The accident took place in a section of the mine that was under construction, and the specific cause is still under investigation [5][6]. - Dongsheng Mining has initiated emergency protocols and is cooperating with local authorities for the investigation [5][7]. Group 2: Company Impact - The mine operated by Dongsheng Mining has not yet commenced production, and the accident is not expected to significantly impact the company's current operational performance [7]. - Shengda Resources reported a revenue of 906 million yuan for the first half of the year, a year-on-year increase of 6.34%, with a notable 44.24% increase in revenue from non-ferrous metal mining [7][8]. - The company’s net profit attributable to shareholders decreased by 15.03% to approximately 70.1 million yuan, influenced by various operational challenges [8]. Group 3: Market Reaction - Following the announcement of the accident, Shengda Resources' stock price hit the daily limit up, with a current market capitalization of 14.9 billion yuan, reflecting a 66% increase since June [1][5].

Group 1 - The metal zinc sector saw a significant increase of 3.39%, leading the concept sectors in terms of growth, with 33 stocks rising, including notable gainers such as Zhuhai Group and Shengda Resources, which hit the daily limit [1][2] - Major stocks in the zinc sector that experienced substantial gains include New Weiling, which rose by 11.61%, followed by Xingye Silver Tin and Weiling Shares, which increased by 7.43% and 6.18% respectively [1][2] - Conversely, stocks such as Wolong New Energy, ST Jinglan, and Zhejiang Fu Holdings faced declines, with drops of 8.29%, 1.09%, and 0.50% respectively [1][2] Group 2 - The metal zinc sector attracted a net inflow of 617 million yuan from main funds, with 26 stocks receiving net inflows, and 8 stocks exceeding 100 million yuan in net inflow [2][3] - Hunan Baiyin led the net inflow with 559 million yuan, followed by Yuguang Jin Lead and Shengtun Mining, which saw net inflows of 158 million yuan and 151 million yuan respectively [2][3] - The top three stocks by net inflow ratio were Hunan Baiyin at 27.76%, Shengda Resources at 19.65%, and Shengtun Mining at 10.61% [3] Group 3 - The overall performance of the metal zinc sector is reflected in the trading data, with Hunan Baiyin showing a daily increase of 9.98% and a turnover rate of 14.11% [3][4] - Other notable performers include Yuguang Jin Lead, which increased by 10.02% with a turnover rate of 13.83%, and Shengtun Mining, which rose by 2.38% with a turnover rate of 5.09% [3][4] - Stocks such as Xingye Silver Tin and Shengda Resources also performed well, with increases of 7.43% and 10.02% respectively [3][4] Group 4 - The article highlights the contrasting performance of stocks within the sector, with stocks like Wolong New Energy experiencing a significant drop of 8.29% and a negative net fund flow of 89 million yuan [5] - Other underperformers included ST Jinglan and Zhejiang Fu Holdings, which saw declines of 1.09% and 0.50% respectively, indicating a mixed sentiment in the market [5]

Group 1 - As of September 12, the metal nickel concept increased by 1.78%, ranking 7th among concept sectors, with 25 stocks rising, including Shengda Resources and Shanshan Co., which hit the daily limit [1] - Notable gainers in the nickel sector included Xingye Yinxin, Tongling Nonferrous Metals, and Western Mining, which rose by 7.43%, 6.76%, and 4.96% respectively [1] - The sector saw a net inflow of 1.178 billion yuan, with 23 stocks receiving net inflows, and 7 stocks exceeding 100 million yuan in net inflow, led by Shanshan Co. with 653 million yuan [2] Group 2 - The top stocks by net inflow ratio included Shengda Resources, Shanshan Co., and Shengtun Mining, with net inflow ratios of 19.65%, 19.10%, and 10.61% respectively [3] - The trading volume and turnover rates for key stocks were highlighted, with Shanshan Co. showing a turnover rate of 13.63% and a price increase of 9.97% [3] - Other notable stocks included Greenme and Xingye Yinxin, with net inflows of 159 million yuan and 140 million yuan respectively [2][3]

Group 1 - The company announced a safety accident at its under-construction mine, resulting in the death of a worker from the contractor Zhejiang Zhongye Construction Group [1][2] - The accident occurred during the construction phase, specifically in a section of the mine where a rockfall happened, leading to immediate emergency response and reporting to local authorities [1][2] - The company expressed condolences to the victim's family and stated that the investigation into the accident's cause is ongoing, with operations temporarily halted [1][2] Group 2 - The company will ensure that its subsidiary, Dongsheng Mining, and all construction units cooperate with the investigation and enhance safety training to prevent future incidents [2] - Dongsheng Mining, which is indirectly held by the company through its subsidiary Inner Mongolia Yindu Mining, is involved in the construction of a mine with an annual production capacity of 250,000 tons [2] - The company reported that the accident is not expected to have a significant impact on its current operating performance or the timeline for the mine's completion [2] Group 3 - The company primarily engages in the mining and sales of precious and non-ferrous metals, operating seven mining subsidiaries, including Yindu Mining and Dongsheng Mining [3] - Yindu Mining is working on integrating mining rights for the Baiyindaba silver polymetallic mine, aiming to obtain a new mining license in the second half of the year [3] - The company reported an operating income of 906 million yuan for the first half of the year, a year-on-year increase of 6.34%, while the net profit decreased by 4.75% [2][3]

Core Viewpoint - The article discusses a safety accident at Shengda Resources' subsidiary, Dongsheng Mining, which has led to a temporary halt in operations and an ongoing investigation into the incident [1][5]. Group 1: Accident Details - On September 12, Shengda Resources announced that a safety accident occurred at its subsidiary Dongsheng Mining during the construction of a mine, resulting in the unfortunate death of a worker [5]. - The accident involved a rockfall incident in a previously supported tunnel, where a worker was struck by falling debris [5]. - Dongsheng Mining has initiated emergency protocols, including rescue operations and reporting to local emergency management [5]. Group 2: Company Response and Impact - Shengda Resources expressed condolences for the deceased and is committed to cooperating with the investigation while enhancing safety training and inspections to prevent future incidents [5]. - The construction of Dongsheng Mining is currently halted, but the company believes that the accident will not significantly impact the timeline for the mine's completion or its current financial performance [7]. - The responsibility for the accident and any associated losses lies with the construction contractor, Zhejiang Zhongye [7]. Group 3: Financial Performance - Shengda Resources reported a revenue of 906 million yuan for the first half of the year, a year-on-year increase of 6.34%, with significant growth in non-ferrous metal mining revenue [7]. - The company’s net profit attributable to shareholders decreased by 15.03% to approximately 70 million yuan, influenced by various operational challenges [8]. - The company holds a diversified portfolio of mining operations, including silver, lead, zinc, and gold, with ongoing projects and production activities [7].

Group 1 - The core incident involved a fatal accident at the East Sheng Mining Company, a subsidiary of Shengda Resources, where a rockfall occurred during construction, resulting in the death of a worker from Zhejiang Zhongye Construction Group [1][2] - The company has initiated an emergency response plan, conducting rescue operations and reporting the incident to local emergency management authorities [2][4] - The specific cause of the accident is still under investigation, and the company will cooperate fully with the investigation while temporarily halting underground operations [2][5] Group 2 - East Sheng Mining is involved in the construction of a mine with a production capacity of 250,000 tons per year, focusing on various minerals including silver, lead, zinc, gold, tin, arsenic, and pyrite [5] - The halt in construction will depend on the progress of the accident investigation, but it is not expected to significantly impact the timeline for the mine's completion or the company's current operating performance [5] - According to the contract with the construction contractor, all responsibilities and losses related to safety incidents during construction are to be borne by the contractor [5]

Core Viewpoint - The accident at Dongsheng Mining, a subsidiary of Shengda Resources, resulted in the unfortunate death of a worker during construction activities, but it is not expected to significantly impact the company's operational performance or the timeline for the mine's completion [1] Group 1: Accident Details - An accident occurred on September 11, 2025, involving a rock fall in a tunnel supported by five anchor rods, resulting in the death of a Zhejiang Zhongye construction worker [1] - The incident took place approximately 7 meters from the construction site in the main transport tunnel of the North Wind Well [1] Group 2: Company Operations - Dongsheng Mining, which is involved in the construction of a mine, has a production capacity of 250,000 tons per year and is focused on extracting various minerals including silver, lead, zinc, gold, gallium, arsenic, and iron sulfide [1] - The construction work at Dongsheng Mining will be halted pending the investigation into the accident, but it is stated that the accident will not have a major impact on the timeline for the mine's completion or the company's current financial performance [1] Group 3: Liability and Contracts - According to the contract between Dongsheng Mining and the construction contractor, all responsibilities and losses related to safety incidents during the construction period are to be borne by the contractor [1]