Investment Rating - The investment rating for the company is maintained at "Hold" [6] Core Views - The company is a rare iron ore producer in the A-share market, focusing on increasing production and quality to maintain profitability stability while actively seeking opportunities in non-ferrous metals [1][3] - In Q1-Q3 2025, the company achieved revenue of 1.247 billion yuan, a year-on-year increase of 12.98%, and a net profit attributable to the parent company of 220 million yuan, a year-on-year increase of 47.09% [1] - The company emphasizes investor returns, with a cumulative dividend rate of approximately 27% as of Q3 2025 [2] Financial Performance - In Q3 2025, the company reported revenue of 479 million yuan, a year-on-year increase of 17.78% and a quarter-on-quarter increase of 16.18%, while the net profit attributable to the parent company was 70 million yuan, showing a year-on-year increase of 0.25% but a quarter-on-quarter decrease of 30.66% [1][2] - The sales gross margin decreased from 30.8% in Q2 2025 to 22.7% in Q3 2025, indicating a potential rebound in iron ore costs [2] Market Outlook - Short-term iron ore prices are expected to stabilize, while medium-term supply pressures are anticipated due to a shift in the iron ore supply-demand balance towards loosening in 2024 [3] - The average price of iron concentrate in Q3 2025 was reported at 941 yuan, remaining stable quarter-on-quarter [2] Valuation - The target price for the company is set at 10.18 yuan, reflecting an increase from the previous target of 9.42 yuan, based on updated iron concentrate price assumptions [4] - The estimated net profits for 2025-2027 are projected to be 274 million yuan, 281 million yuan, and 281 million yuan, respectively, with a significant upward revision of 24%-25% compared to previous estimates [4]

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 截至2025年10月16日，公司第二次公开挂牌阶段公告期满，未能征集到符合条件的意向受让方。 经公司研究，决定暂停该项目挂牌，若恢复挂牌或采取其他方式交易，公司将及时履行相应决策程序和 信息披露义务，敬请广大投资者注意投资风险。 董事会 山东金岭矿业股份有限公司（以下简称"公司"）分别于2025年5月15日和5月28日召开了第十届董事会第 七次会议（临时）和2024年度股东会，审议通过了《关于公开挂牌转让持有的塔什库尔干县金钢矿业有 限责任公司100%股权及债权的议案》，同意在山东产权交易中心公开挂牌转让塔什库尔干县金钢矿业 有限责任公司（以下简称"金钢矿业"）100%股权及债权。具体内容详见公司于2025年5月16日、5月29 日、6月28日和7月26日在《中国证券报》《证券日报》《证券时报》和巨潮资讯网 （https://www.cninfo.com.cn）披露的《第十届董事会第七次会议（临时）决议公告》（公告编号： 2025-021）、《关于公开挂牌转让持有 ...

Major Announcements - Jinling Mining has decided to suspend the public transfer of 100% equity and debt of JG Mining due to the lack of qualified buyers during the second public listing phase [4] - Huibo Yuntong's controlling shareholder and actual controller have voluntarily committed not to reduce their holdings of the company's stock during a specific period, coinciding with the planned acquisition of Baode Computer Systems [5] - Weigao Blood Purification is planning to purchase 100% equity of Weigao Purui through a share issuance, with trading expected to be suspended from October 20, 2025 [6] - Ganfeng Lithium intends to transfer part of its equity in Shenzhen Yichu to introduce a strategic investor for 664 million yuan, which will result in Shenzhen Yichu no longer being included in the consolidated financial statements [7] - Sanhua Intelligent Control has raised the upper limit for its share repurchase price from 35.75 yuan to 60.00 yuan and extended the implementation period by two months [8] - Jingwei Huikai plans to acquire 100% equity of ZTE Systems for 850 million yuan, entering the private network communication sector [9] Performance Reports - Cambrian reported a third-quarter net profit of 567 million yuan, with a revenue increase of 1332.52% year-on-year [10] - Hikvision's third-quarter net profit grew by 20.31%, with revenues of 239.4 billion yuan [12] - Kewell's third-quarter net profit increased by 110.36%, with revenues of 14.5 million yuan [13] - Siwei Technology expects a net profit increase of 140% to 169% for the first three quarters, driven by strong smartphone sector performance [14] - Shentong Technology's third-quarter net profit surged by 452.62%, with revenues of 4.86 billion yuan [15] - Huayou Cobalt's net profit for the first three quarters increased by 39.59%, benefiting from integrated operations and rising cobalt prices [16] - Shenghui Integration reported a third-quarter net profit growth of 93.89% [17] - Jinshi Yaya expects a net profit increase of 48.99% to 83.95% for the first three quarters due to successful commercialization of R&D projects [18] - Haida Group's net profit for the first three quarters grew by 14.31%, and the company plans to spin off its subsidiary for a Hong Kong listing [19] - Hanlan Environment anticipates a net profit increase of approximately 15.85% for the first three quarters [20] - Haitong Development's net profit for the first three quarters decreased by 38.47% due to market price declines and rising operational costs [21] - Explorer expects a net profit decline of 64.62% to 70.51% for the first three quarters due to poor sales in outdoor business [22] - Guoji General's net profit for the third quarter decreased by 46.73% due to a decline in project revenue recognition [23] Major Contracts - Xinjiang Jiaojian has been awarded a construction project worth 556 million yuan [24] - Robotech signed a contract worth approximately 761 million yuan, representing about 68.83% of its 2024 revenue [25] - Shengshi Technology signed a contract for the Hunchun Port project worth 102 million yuan [26] Shareholding Changes - Youfa Group's director plans to reduce his holdings by up to 3.54 million shares [27] - Shengbang shares' controlling shareholder plans to reduce holdings by up to 1.28% [28] - Hunan Silver's major shareholder plans to reduce holdings by up to 2% [29] Share Buybacks - Tonghua Dongbao plans to repurchase shares worth 20 million to 40 million yuan [30] - Shenzhen New Star intends to raise its share repurchase price limit from 18 yuan to 30 yuan [31] Financing Activities - Changsha Bank has received approval to issue capital instruments not exceeding 12 billion yuan [32]

（文章来源：证券日报） 证券日报网讯 10月17日晚间，金岭矿业发布公告称，公司分别于2025年5月15日和5月28日召开了第十 届董事会第七次会议（临时）和2024年度股东会，审议通过了《关于公开挂牌转让持有的塔什库尔干县 金钢矿业有限责任公司100%股权及债权的议案》，同意在山东产权交易中心公开挂牌转让塔什库尔干 县金钢矿业有限责任公司100%股权及债权。截至2025年10月16日，公司第二次公开挂牌阶段公告期 满，未能征集到符合条件的意向受让方。经公司研究，决定暂停该项目挂牌，若恢复挂牌或采取其他方 式交易，公司将及时履行相应决策程序和信息披露义务，敬请广大投资者注意投资风险。 ...

Core Viewpoint - Jinling Mining has suspended the public transfer of its wholly-owned subsidiary, Jingshan Mining, due to a lack of interested buyers despite multiple attempts to sell the asset package valued at approximately 184 million yuan [1][2][3] Group 1: Asset Transfer Attempts - The initial public offering for the 100% equity and debt of Jingshan Mining began on May 29, with a base price of 184 million yuan, but failed to attract qualified buyers [2] - After two unsuccessful attempts to sell the asset, Jinling Mining announced the suspension of the transfer project, marking nearly five months of efforts without success [2][3] Group 2: Financial Implications - The suspension of the asset transfer will delay the recovery of funds, as Jinling Mining holds a debt of 644 million yuan against Jingshan Mining, which was expected to be partially recovered through the sale [3] - Jingshan Mining is in a precarious financial position, with total assets of only 18.65 million yuan and total liabilities of 646 million yuan, resulting in a negative net asset of 627 million yuan [3][4] Group 3: Core Asset Challenges - The core asset, the Qiaopuka Iron Mine mining rights, was revoked in 2017 due to environmental policies and has faced significant challenges in resuming production, requiring substantial reinvestment [4] - Although the mining rights were reacquired in June 2024 and valued at 160 million yuan, the path to monetizing this asset remains fraught with difficulties, including the need for new safety and environmental approvals [4]

Group 1 - Jinling Mining announced the suspension of the public transfer of 100% equity and debt of Tashkurgan Jin Gang Mining Co., Ltd. due to the lack of qualified buyers after multiple attempts to sell [1] - The initial listing price for the equity and debt was set at 184 million yuan, with the equity priced at 1 yuan and the debt at 184 million yuan, while the actual debt balance was 644 million yuan [1] - Jin Gang Mining has been in a state of suspension since 2017 due to tightened environmental policies, leading to significant financial distress with total assets of 20.89 million yuan and total liabilities of 645 million yuan as of March 31, 2025 [1] Group 2 - In 2024, Jinling Mining established a transformation strategy focused on strengthening its iron ore business and solidifying its non-ferrous metal industry, including acquiring exploration rights in Qihe County [2] - Despite the setbacks in asset transfer, Jinling Mining experienced a surge in performance, achieving a revenue of 1.247 billion yuan in the first three quarters of 2025, a year-on-year increase of 12.98%, and a net profit of 220 million yuan, up 47.09% year-on-year [2] - As of October 17, Jinling Mining's stock price was 9.92 yuan per share, with a total market capitalization of 5.906 billion yuan, reflecting an increase of over 40% since the second half of the year [2]

Core Viewpoint - Jinling Mining (000655) announced the suspension of the public transfer of 100% equity and debt of Tashkurgan Jinding Mining Co., Ltd. due to the lack of qualified interested buyers by the end of the second public listing phase on October 16, 2025 [1] Group 1 - Jinling Mining's announcement was made on October 17, indicating the decision to pause the project after failing to attract suitable buyers [1] - The public listing was conducted through the Shandong Property Rights Exchange Center [1] - The project was initially set to conclude on October 16, 2025, but the company has decided to halt the process earlier due to insufficient interest [1]

证券代码：000655 证券简称：金岭矿业 公告编号：2025－053 山东金岭矿业股份有限公司 关于公开挂牌转让持有的塔什库尔干县金钢矿业有限责任 公司 100%股权及债权的进展公告 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。 一、交易基本情况 山东金岭矿业股份有限公司（以下简称"公司"）分别于 2025 年 5 月 15 日和 5 月 28 日召开了第十届董事会第七次会议（临时）和 2024 年度股东 会，审议通过了《关于公开挂牌转让持有的塔什库尔干县金钢矿业有限责任 公司 100%股权及债权的议案》，同意在山东产权交易中心公开挂牌转让塔什 库尔干县金钢矿业有限责任公司（以下简称"金钢矿业"）100%股权及债权。 具体内容详见公司于 2025 年 5 月 16 日、5 月 29 日、6 月 28 日和 7 月 26 日 在 《 中 国 证 券 报 》 《 证 券 日 报 》 《 证 券 时 报 》 和 巨 潮 资 讯 网 （https://www.cninfo.com.cn）披露的《第十届董事会第七次会议（临时） 决议公告》（公告编号：2025-021 ...

Core Viewpoint - The steel sector experienced a significant surge in early trading on October 17, with notable gains in several companies, indicating a positive market sentiment in the industry [2] Company Summaries - Lingang Co., Ltd. reached the daily limit up, reflecting strong investor confidence and demand [2] - Jinling Mining saw an increase of over 5%, contributing to the overall positive performance of the steel sector [2] - Other companies such as Liugang Co., Hainan Mining, and Dazhong Mining also experienced upward movement, indicating a broader rally within the steel industry [2]

Group 1 - The core point of the news is that Jinling Mining's stock price increased by 5.26% to 10.00 CNY per share, with a trading volume of 50.39 million CNY and a turnover rate of 0.86%, resulting in a total market capitalization of 5.953 billion CNY [1] - Jinling Mining, established on September 28, 1996, and listed on November 28, 1996, is primarily engaged in iron ore mining and the production and sale of iron concentrate, copper concentrate, cobalt concentrate, and pellet ore [1] - The revenue composition of Jinling Mining is as follows: iron concentrate accounts for 76.99%, pellets 9.03%, other (supplementary) 8.46%, copper concentrate 5.10%, and mechanical processing 0.41% [1] Group 2 - Among the top circulating shareholders of Jinling Mining, Huaxia Fund has a fund that entered the top ten shareholders in the third quarter, holding 3.3261 million shares, which is 0.56% of the circulating shares, with an estimated floating profit of approximately 1.6631 million CNY [2] - The fund manager of Huaxia Zhuoyue Growth Mixed A (024928) is Zhong Shuai, who has been in the position for 5 years and 83 days, with a total asset scale of 8.253 billion CNY [4] - During Zhong Shuai's tenure, the best fund return was 173.98%, while the worst return was -3.64% [4]