Core Points - Guocheng Mining announced that the "Guocheng Convertible Bonds" will be forcibly redeemed after the market closes on December 11, 2025, if not converted [2] - Following the redemption, the "Guocheng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Investors are advised to lift any pledges or freezes on their "Guocheng Convertible Bonds" before the conversion deadline to avoid forced redemption [2] Summary by Category - **Company Announcement** - Guocheng Mining has issued a notice regarding the forced redemption of its convertible bonds [2] - The bonds will be delisted from the Shenzhen Stock Exchange post-redemption [2] - **Investor Advisory** - Investors holding "Guocheng Convertible Bonds" are recommended to convert or sell their bonds before the deadline to prevent potential losses [2] - There is a risk that the redemption price may differ significantly from the market price prior to the suspension of trading and conversion [2]

国城矿业股份有限公司 | 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-102 | | --- | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 关于控股股东及其一致行动人因可转债转股持股 比例被动稀释后触及 1%整数倍的提示性公告 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、本次权益变动主要系公司可转债转股导致公司总股本增加，导致公司控 股股东国城集团及其一致行动人建新集团合计持有的公司股份比例由68.63%被 动稀释至67.98%，触及1%的整数倍，不涉及持股数量发生变化。 2、本次权益变动不涉及股东股份增持或减持，不触及要约收购，不会导致 公司控股股东及实际控制人发生变化，不会影响公司的治理结构和持续经营。 一、本次权益变动情况概述 经中国证券监督管理委员会"证监许可[2020]1032号文"《关于核准国城矿 业股份有限公司公开发行可转换公司债券的批复》的核准，国城矿业股份有限公 司（以下简称"公司"）于2020年7月15日公开发行8,500,000张可转换公司债券 （以 ...

特别提示： 1、"国城转债"赎回价格：100.82元/张（含当期应计利息，当期年利率为 2.00%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任公 司深圳分公司（以下简称"中登公司"）核准的价格为准。 | 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-101 | | --- | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 国城矿业股份有限公司 关于提前赎回"国城转债"的第三次提示性公告 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。 2、赎回条件满足日：2025年11月19日 3、停止交易日：2025年12月9日 4、赎回登记日：2025年12月11日 5、停止转股日：2025年12月12日 6、赎回日：2025年12月12日 7、赎回资金到账日（到达中登公司账户）：2025年12月17日 8、投资者赎回款到账日：2025年12月19日 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z城转债 11、根据安排，截至2025年12月11日收市后仍未转股的"国城转债"将被强 ...

Group 1 - The industrial metal sector increased by 0.13% on November 24, with Luoping Zinc Electric leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] - Luoping Zinc Electric's stock price rose by 6.07% to 8.04, with a trading volume of 174,300 shares and a transaction value of 133 million [1] Group 2 - The industrial metal sector experienced a net outflow of 361 million from institutional funds, while retail investors saw a net inflow of 237 million [2][3] - Major stocks like Guocheng Mining and Xizang Zhuofeng saw significant declines, with Guocheng Mining down 10% to 24.02 [2] - The trading volume and transaction values for various stocks in the industrial metal sector varied, with notable declines in several companies [2][3]

Group 1 - The lithium extraction sector in Salt Lake has experienced significant adjustments, with companies such as Tibet Summit, Shengxin Lithium Energy, and Jinyuan Co. hitting the daily limit down [1] - Other companies including Guocheng Mining, Ganfeng Lithium, Chuaneng Power, Tibet Mining, and Jiuwu High-Tech also saw declines in their stock prices [1]

Core Viewpoint - Guocheng Mining (000688.SZ) has experienced significant stock price declines, with a recent drop of 10.00% to 24.02 CNY, following a previous drop of 9.98% to 26.69 CNY on November 21 [1] Summary by Sections Shareholder Information - As of September 30, 2025, the major shareholders of Guocheng Mining include: - Gansu Jianxin Industrial Group Co., Ltd. with 41.42% shareholding - Guoyu Ronggu Group Co., Ltd. with 28.27% shareholding - Whale Domain Asset Management (Shanghai) Co., Ltd. with 5.06% shareholding [2] Financial Performance - In 2024, Guocheng Mining reported: - Operating revenue of 1.918 billion CNY, a year-on-year increase of 60.37% - Net profit attributable to shareholders of -113 million CNY, compared to a profit of 63 million CNY in the previous year - Net profit excluding non-recurring gains and losses of -90 million CNY, compared to 65 million CNY in the previous year - Net cash flow from operating activities of 226 million CNY, a decrease of 61.08% year-on-year [2] Quarterly Report - In the third quarter of 2025, Guocheng Mining achieved: - Operating revenue of 633 million CNY, a year-on-year increase of 5.07% - Net profit attributable to shareholders of -70 million CNY - Net profit excluding non-recurring gains and losses of -68 million CNY - For the first three quarters of 2025, the company reported: - Operating revenue of 1.718 billion CNY, a year-on-year increase of 24.60% - Net profit attributable to shareholders of 450 million CNY, a significant increase of 765.89% - Net profit excluding non-recurring gains and losses of -203 million CNY - Net cash flow from operating activities of -316 million CNY [3] Company Background - Guocheng Mining, formerly known as Jianxin Mining Co., Ltd., was established in 1978 and is located in the Aba Tibetan and Qiang Autonomous Prefecture of Sichuan Province. The company primarily engages in research and experimental development and has a registered capital of 1.117635447 billion CNY, with paid-in capital of 466.1392 million CNY. The company completed its IPO in 1997 [3]

Group 1 - The A-share market lithium mining stocks experienced a collective decline for the third consecutive day, with several companies hitting the daily limit down [1] - Notable stocks such as Rongjie Co., Dawei Co., Guocheng Mining, and Shengxin Lithium fell to the daily limit, while Jinyuan Co. approached the limit down [1] - The price of lithium carbonate's main contract has seen a high-level correction, dropping over 2% during the day, marking the second consecutive day of decline [1] Group 2 - Stocks like Jiangte Electric, Tibet Summit, and Dazhong Mining fell over 8%, while Yahua Group dropped over 7% [1] - Ganfeng Lithium, Tianqi Lithium, Tibet Mining, and Chuaneng Power all saw declines exceeding 6%, with Hainan Mining down over 5% [1]

Group 1 - Lithium mining stocks continue to adjust, with companies such as Guocheng Mining, Rongjie Co., Dawi Co., and Shengxin Lithium Energy hitting the daily limit down [1] - Jinyuan Co. also reached the daily limit down, while companies like Tibet Mining and Yahua Group experienced significant declines [1]

（文章来源：每日经济新闻） 每经AI快讯，11月24日，A股锂矿股继续调整，国城矿业、大中矿业、盛新锂能再度跌停，金圆股份、 融捷股份、雅化集团等跌幅居前。 ...

Core Viewpoint - The company has decided to exercise its right to redeem the "Guocheng Convertible Bonds" early due to market conditions and internal considerations, with a redemption price set at 100.82 yuan per bond, including interest and tax [4][12][13]. Summary by Sections Redemption Details - The redemption price for "Guocheng Convertible Bonds" is 100.82 yuan per bond, which includes accrued interest at a rate of 2.00% [12][13]. - The redemption conditions are met as of November 19, 2025, and the bonds will be forcibly redeemed if not converted by December 11, 2025 [3][11]. - Key dates include: - Redemption conditions satisfaction date: November 19, 2025 [5] - Last trading day: December 9, 2025 [5] - Redemption registration date: December 11, 2025 [5] - Conversion stop date: December 12, 2025 [5] - Redemption date: December 12, 2025 [5] - Funds arrival date: December 17, 2025 [5] - Investor funds arrival date: December 19, 2025 [5]. Bond Issuance and Trading - The company issued 8,500,000 convertible bonds on July 15, 2020, with a total value of 85 million yuan [4]. - The bonds were listed on the Shenzhen Stock Exchange starting August 10, 2020, under the name "Guocheng Convertible Bonds" [4]. Conversion Terms - The conversion period for the bonds is from January 21, 2021, to July 14, 2026, with an initial conversion price of 21.07 yuan per share, adjusted to 21.06 yuan per share as of June 30, 2021 [7]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 12.58 yuan per share effective July 26, 2024 [9]. Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days or if the remaining unconverted bonds are less than 30 million yuan [10][11].