（文章来源：证券日报） 证券日报网讯 8月5日晚间，国城矿业发布公告称，公司第十二届董事会第三十七次会议审议通过了 《关于对参股公司增资暨关联交易的议案》。 ...

Group 1 - The core point of the article is that Guocheng Mining announced the approval of a proposal regarding capital increase and related transactions for its affiliated company during the 22nd meeting of its 11th Supervisory Board [2] Group 2 - The announcement was made on the evening of August 5 [2] - The decision reflects the company's strategic move to enhance its investment in affiliated entities [2] - The proposal was passed unanimously by the Supervisory Board, indicating strong internal support for the initiative [2]

Group 1 - The company Guocheng Mining (SZ 000688) announced a board meeting on August 5, 2025, to discuss a proposal regarding capital increase in an associated company and related transactions [2] - For the year 2024, Guocheng Mining's revenue composition is as follows: non-ferrous metal mining and selection accounted for 72.46%, chemical manufacturing accounted for 26.57%, and trade and others accounted for 0.96% [2]

国城矿业（000688）(000688.SZ)公告，公司参股子公司马尔康金鑫矿业有限公司(简称"金鑫矿业")目前 的注册资本为人民币11,878.8万元，其中公司通过国城合融(北京)新能源科技有限责任公司(简称"国城合 融")出资人民币5701.8240万元，占注册资本的48%，公司控股股东国城控股集团有限公司(简称"国城集 团")通过阿坝州众和新能源有限公司(简称"众和新能源")出资人民币5939.4000万元，占注册资本的 50%，国城集团通过广州国城德远有限公司(简称"国城德远")出资人民币237.5760万元，占注册资本的 2%。原有股东拟按照原出资比例对其进行增资1亿元，国城合融按照48%的比例以货币增资4800万元， 众和新能源按照50%的比例以货币增资5000万元，国城德远按照2%的比例以货币增资200万元。 公告显示，公司参股子公司金鑫矿业目前正在技改扩建，本次增资有利于金鑫矿业的生产经营。 ...

本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 一、关联交易概述 国城矿业股份有限公司（以下简称"公司"）参股子公司马尔康金鑫矿业有 限公司（以下简称"金鑫矿业"）目前的注册资本为人民币 11,878.8 万元，其中 公司通过国城合融（北京）新能源科技有限责任公司（以下简称"国城合融"） 出资人民币 5,701.8240 万元，占注册资本的 48%，公司控股股东国城控股集团有 限公司（以下简称"国城集团"）通过阿坝州众和新能源有限公司（以下简称"众 和新能源"）出资人民币 5,939.4000 万元，占注册资本的 50%，国城集团通过广 州国城德远有限公司（以下简称"国城德远"）出资人民币 237.5760 万元，占注 册资本的 2%。根据生产经营需要，金鑫矿业原有股东拟按照原出资比例对其进 行增资人民币 10,000 万元，国城合融按照 48%的比例以货币增资人民币 4,800 万 元，众和新能源按照 50%的比例以货币增资 5,000 万元，国城德远按照 2%的比 例以货币增资人民币 200 万元。本次增资后，金鑫矿业股权结构保持不变，注册 资本由人民币 ...

特此公告。 证券代码：000688 证券简称：国城矿业 公告编号：2025-058 国城矿业股份有限公司 审议通过《关于对参股公司增资暨关联交易的议案》 表决情况：2票赞成，0票反对，0票弃权，1票回避。 本议案涉及关联交易，关联监事赵俊先生回避表决。 具体内容详见与本公告同日刊登在公司指定信息披露媒体上的《关于对参股 公司增资暨关联交易的公告》。 第十一届监事会第二十二次会议决议公告 本公司及监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。 国城矿业股份有限公司（以下简称"公司"）第十一届监事会第二十二次会议通 知于 2025 年 7 月 31 日以邮件和电话的方式发出，会议于 2025 年 8 月 5 日以现场 结合通讯表决方式在北京市丰台区南四环西路 188 号 16 区 19 号楼 16 层会议室召 开。本次会议应参会监事 3 名，实际参会监事 3 名。会议由公司监事会主席赵俊 先生召集并主持，会议的召开符合《公司法》《公司章程》的相关规定，会议合法、 有效。经与会监事认真审议，形成如下决议： 国城矿业股份有限公司监事会 2025 年 8 月 5 日 ...

证券代码：000688 证券简称：国城矿业 公告编号：2025-057 国城矿业股份有限公司 本议案已经公司独立董事专门会议审议通过。 特此公告。 国城矿业股份有限公司董事会 2025 年 8 月 5 日 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。 国城矿业股份有限公司（以下简称"公司"）第十二届董事会第三十七次会议 通知于 2025 年 7 月 31 日以邮件和电话的方式发出，会议于 2025 年 8 月 5 日以 现场与通讯表决相结合的方式在北京市丰台区南四环西路 188 号 16 区 19 号楼 16 层会议室召开。本次会议应出席会议董事 8 名，实际出席会议董事 8 名。本 次会议由董事长吴城先生主持，公司部分监事及高级管理人员列席本次会议。本 次会议的召集、召开和表决程序均符合法律法规、规范性文件及《公司章程》的 有关规定，会议经表决形成如下决议： 审议通过《关于对参股公司增资暨关联交易的议案》 表决情况：3票赞成，0票反对，0票弃权，5票回避。 本议案涉及关联交易，关联董事吴城先生、吴标先生、万勇先生、熊为民先 生、邓自平先生回避表决。 具体内 ...

Core Viewpoint - Guocheng Mining (000688.SZ) announced that its subsidiary, Malkang Jinxin Mining Co., Ltd. (referred to as "Jinxin Mining"), is undergoing a capital increase to support its production and operations during its technical transformation and expansion [1] Group 1: Capital Structure - Jinxin Mining currently has a registered capital of RMB 118.788 million, with Guocheng Huirong (Beijing) New Energy Technology Co., Ltd. holding 48% through an investment of RMB 57.01824 million [1] - Guocheng Group, the controlling shareholder, holds 50% through an investment of RMB 59.394 million via Aba Prefecture Zhonghe New Energy Co., Ltd. [1] - Guocheng Group also holds 2% through an investment of RMB 2.37576 million via Guangzhou Guocheng Deyuan Co., Ltd. [1] Group 2: Capital Increase Details - Existing shareholders plan to increase capital by RMB 100 million, with Guocheng Huirong contributing RMB 48 million (48% share), Zhonghe New Energy contributing RMB 50 million (50% share), and Guocheng Deyuan contributing RMB 2 million (2% share) [1] - This capital increase is aimed at facilitating the production and operational capabilities of Jinxin Mining during its ongoing technical upgrades and expansions [1]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend in demand, with a focus on observing global inventory levels and U.S. demand recovery [13] - The aluminum sector is stabilizing at the bottom, facing seasonal pressures and production adjustments [15] - Precious metals, particularly gold, are gaining attractiveness as a safe haven due to geopolitical tensions and economic uncertainties [16] - The rare earth sector is expected to see price increases due to supply constraints and policy changes, benefiting leading state-owned enterprises [32] - The antimony market is stabilizing with expectations of price recovery driven by export improvements and domestic production cuts [34] - Molybdenum prices are on the rise due to supply disruptions and increasing demand from the steel industry [35] - Tin prices are under slight pressure but supported by strong inventory levels and demand recovery in related sectors [36] Summary by Sections 1. Base and Precious Metals Market Overview - Copper prices decreased by 1.66% to $9,633.00 per ton on LME, with domestic inventory down 0.1 thousand tons to 11.93 thousand tons [1] - Aluminum prices fell by 2.26% to $2,571.50 per ton on LME, with domestic electrolytic aluminum inventory increasing [2] - Gold prices increased by 3.08% to $3,416.00 per ounce, driven by geopolitical tensions and economic concerns [3] 2. Base and Precious Metals Fundamental Updates 2.1 Copper - The copper processing fee index rose to -$42.09 per ton, with downstream demand showing weakness [1] 2.2 Aluminum - Domestic aluminum processing rates slightly decreased, with expectations of continued weak performance [2] 2.3 Precious Metals - Gold's appeal as a safe haven is increasing amid global trade tensions and geopolitical conflicts [3] 3. Minor Metals and Rare Earth Market Overview - Rare earth prices are expected to rise due to supply constraints and policy changes, with strategic resources needing re-evaluation [32] - Antimony prices are anticipated to recover due to improved export expectations and domestic production cuts [34] - Molybdenum prices are increasing due to supply disruptions and strong demand from the steel sector [35] 4. Minor Metals and Rare Earth Fundamental Updates 4.1 Rare Earth - Prices for praseodymium-neodymium oxide rose by 7.23% to 513,200 yuan per ton, with supply tightening expected [33] 4.2 Antimony - Antimony ingot prices remain stable, with expectations of recovery driven by export improvements [34] 4.3 Molybdenum - Molybdenum prices increased by 8.02% to 4,310 yuan per ton, with supply disruptions impacting the market [35] 4.4 Tin - Tin prices decreased by 2.69% to 264,100 yuan per ton, but strong inventory levels provide support [36]

Core Points - The article discusses the significant role of equity pledges as a financing tool for shareholders of listed companies in the A-share market, highlighting the current statistics and industry distribution of pledged shares [1][2][3] Group 1: Overall Market Statistics - As of August 1, there are 2,284 companies in the A-share market with pledged equity, accounting for 44.35% of the total number of A-share companies [1] - The total market value of pledged shares is 2.79 trillion yuan, representing 2.98% of the total A-share market value [1] - The total number of pledged shares is 3,050.10 billion shares, which is 3.97% of the total A-share capital [1] - Among the pledged shares, 92.54% are unrestricted shares, while 7.46% are restricted shares [1] Group 2: Sector Distribution - The sectors with the highest pledged market value are: - Pharmaceuticals and Biology: 333.50 billion yuan - Electronics: 223.95 billion yuan - Power Equipment: 197.91 billion yuan - Basic Chemicals: 185.95 billion yuan - Machinery: 139.36 billion yuan [2] - The sectors with the highest proportion of pledged market value relative to total sector market value are: - Comprehensive: 21.51% - Real Estate: 7.11% - Retail: 6.87% - Steel: 6.55% - Environmental Protection: 6.14% [2] Group 3: Individual Company Statistics - A total of 10 companies have pledged shares exceeding 50% of their total capital, with 107 companies pledging between 30% and 50%, and 230 companies pledging between 20% and 30% [2] - The company with the highest pledge ratio is Haide Shares, with 75.09% of its total capital pledged, followed by Guocheng Mining at 69.67% [2][3] - Other companies with high pledge ratios include ST Xuefa (68.50%), Shenhuafa A (64.09%), and Jinhui Shares (61.31%) [2][3] Group 4: Performance of High Pledge Ratio Stocks - Among stocks with a pledge ratio over 30%, the main board has 103 companies, while the ChiNext has 14 [3] - The industries with a concentration of high pledge ratio stocks include Pharmaceuticals and Biology, Textiles and Apparel, and Real Estate [3] - In terms of performance, stocks with high pledge ratios saw an average price decline of 1.68% in the week, while the Shanghai Composite Index fell by 0.94% [3]