证券代码：000688 证券简称：国城矿业 公告编号：2025-129 国城矿业股份有限公司 关于对外担保的进展公告 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、担保情况概述 国城矿业股份有限公司（以下简称"公司"或"国城矿业"）分别于 2025 年 2 月 28 日、2025 年 3 月 17 日召开第十二届董事会第三十三次会议和 2025 年第 四次临时股东大会，审议通过了《关于 2025 年度对外担保额度预计的议案》， 同意公司及合并报表范围内子公司为公司及公司合并报表范围内子公司提供新 增总额合计不超过人民币 119,000 万元的担保额度，其中向资产负债率为 70%以 上（含）的下属子公司提供的担保额度不超过 60,000 万元，向资产负债率 70% 以下的下属子公司提供的担保额度不超过 59,000 万元。在不超过总担保额度的 前提下，公司及子公司之间的担保额度可根据实际情况调剂使用。调剂发生时， 对于资产负债率 70%以上的被担保方，仅能从资产负债率 70%以上的被担保方 获得担保额度。上述担保额度可循环使用，最终担保余额将不超过本次授 ...

证券日报网讯12月22日，国城矿业（000688）在互动平台回答投资者提问时表示，截至2025年12月10日 收盘，公司股东户数为28662户。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000688 证券简称：国城矿业（维权） 公告编号：2025-127 债券代码：127019 债券简称：国城转债 根据相关法律法规和《国城矿业股份有限公司公开发行可转换公司债券募集说明书》（以下简称"《募 集说明书》"）有关规定，公司本次发行的可转债转股期自可转债发行结束之日（2020年7月21日）起满 6个月后的第一个交易日起至可转债到期日止，即2021年1月21日至2026年7月14日。 （四）转股价格历次调整情况 国城矿业股份有限公司 关于国城转债赎回结果的公告 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、可转换公司债券发行上市概况 （一）可转换公司债券发行情况 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，公司于2020年7月15日公开发行8,500,000张可转换公司债券（以下简称"可 转债"），每张面值为人民币100.00元，发行总额为85,000.00万元。 （二）可转换公司债券上市情况 经深圳证 ...

| 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-127 | | --- | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 国城矿业股份有限公司 关于国城转债赎回结果的公告 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、可转换公司债券发行上市概况 （一）可转换公司债券发行情况 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，公司于2020年7月15 日公开发行8,500,000张可转换公司债券（以下简称"可转债"），每张面值为人 民币100.00元，发行总额为85,000.00万元。 （二）可转换公司债券上市情况 经深圳证券交易所"深证上[2020]674号"文同意，公司85,000.00万元可转 换公司债券于2020年8月10日起在深圳证券交易所挂牌交易，债券简称"国城转 债"，债券代码"127019"。 （三）可转换公司债券转股期限 根据相关法律法规和《国城矿业股份有限公司公开发行可转换公司债券募集 说明书 ...

| 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-128 | | --- | --- | --- | | 债券代码：127019 债券简称：国城转债 | | | 国城矿业股份有限公司 关于国城转债摘牌的公告 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： 一、可转换公司债券发行上市概况 根据《募集说明书》发行条款以及中国证监会关于可转换债券发行的有关规 定，本次发行的可转债自2021年1月21日起可转换为公司股份，初始转股价为 21.07元/股。 （一）可转换公司债券发行情况 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，公司于2020年7月15 日公开发行8,500,000张可转换公司债券（以下简称"可转债"），每张面值为人民 币100.00元，发行总额为85,000.00万元。 （二）可转换公司债券上市情况 经深圳证券交易所"深证上[2020]674号"文同意，公司85,000.00万元可转 换公司债券于2020年8月10日起在深圳证券 ...

A股市场锂矿股拉升，其中，金圆股份（维权）涨超6%，藏格矿业、国城矿业（维权）涨超5%，盛新 锂能、大中矿业、西部矿业涨超3%。消息面上，碳酸锂主力合约日内大涨4%，现报111560元/吨。 | 代码 | 名称 | | 涨幅%↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 000546 | 美国股份 | + | 6.47 | 56.30亿 | 46.86 | | 000408 | 藏格矿业 | + | 5.73 | 1243亿 | 190.97 | | 000688 | 国城矿业 | | 5.68 | 301亿 | 115.98 | | 002240 | 盛新锂能 | | 3.54 | 303亿 | 140.13 | | 001203 | 大中矿业 | 1 | 3.33 | 433亿 | 232.65 | | 002183 | 怡亚通 | 1 | 3.30 | 122亿 | 4.91 | | 603077 | 和邦生物 | | 3.23 | 198亿 | 9.80 | | 601168 | 西部矿业 | 1 | 3.17 | 612亿 ...

从资金流向上来看，当日工业金属板块主力资金净流出8.75亿元，游资资金净流入6889.49万元，散户资 金净流入8.06亿元。工业金属板块个股资金流向见下表： 证券之星消息，12月18日工业金属板块较上一交易日下跌0.17%，国城矿业领跌。当日上证指数报收于 3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。工业金属板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

Core Insights - Lithium carbonate futures prices have surged, approaching 110,000 yuan/ton, indicating a recovery cycle in the industry [2][3] - The A-share lithium mining sector has seen significant gains, with leading companies like Tianqi Lithium and Ganfeng Lithium experiencing notable stock price increases [3] - The domestic lithium carbonate spot price has also risen sharply, with battery-grade lithium carbonate quoted at 97,100 yuan/ton, marking a 62.18% increase from the year's low [3] Market Performance - On December 17, A-share lithium battery concept stocks collectively surged, with companies like Shengxin Lithium Energy and Dazhong Mining hitting their daily price limits, and over 10 billion yuan of net capital inflow into the lithium battery sector [5] - The announcement of the cancellation of 27 mining licenses in Yichun has raised concerns, although the specific impact on lithium mines remains unclear [5] Industry Trends - The lithium battery industry is experiencing a recovery cycle, driven by the high cost-performance ratio of lithium iron phosphate technology in the electric vehicle market and the push for solid-state batteries [7] - The energy storage battery sector is entering a phase of large-scale expansion, with demand expected to grow significantly due to the increasing share of renewable energy and the need for grid stability [7] Production and Export Growth - In the first 11 months of the year, China's production and sales of power and other batteries reached 1,468.8 GWh and 1,412.5 GWh, respectively, representing year-on-year growth of 51.1% and 54.7% [7] - Exports of power and other batteries totaled 260.3 GWh, a 44.2% increase year-on-year, with power batteries accounting for 65.2% of total exports [7] Future Outlook - Analysts are optimistic about the recovery of the lithium battery industry chain, with expectations of continued growth in overseas markets and robust demand for energy storage batteries [8] - Forecasts suggest that global sales of new energy vehicles will grow by approximately 17% by 2026, with a corresponding 20% increase in demand for power batteries [8] Financial Performance - A-share lithium battery concept stocks have shown significant recovery in performance, with a total net profit of 117.2 billion yuan in the first three quarters, a year-on-year increase of 26.97% [9] - Among the lithium battery concept stocks, several companies have reported over 100% growth in net profit, including Guoxuan High-Tech and Daosheng Technology [9][10]

Core Viewpoint - Guocheng Mining plans to acquire 60% equity of Guocheng Industrial for 3.168 billion yuan, enhancing its product diversification and profitability despite concerns over aggressive valuation assumptions and financial stability [1][2][4]. Group 1: Acquisition Details - The acquisition involves cash payment through self-funds and bank loans, with Guocheng Industrial becoming a subsidiary post-transaction [1]. - The transaction price is set at 3.168 billion yuan, based on a valuation of 5.67 billion yuan for 100% equity of Guocheng Industrial, reflecting a 156.40% increase in valuation [2][3]. - Guocheng Mining will incur over 1.901 billion yuan in bank loans to finance the acquisition, raising its debt levels significantly [4][7]. Group 2: Financial Performance and Projections - Guocheng Industrial's net profit is projected to decline from 14.49 billion yuan in 2023 to 9.42 billion yuan in 2024, a decrease of nearly 35% [4]. - Post-acquisition, Guocheng Mining expects a revenue increase of 1.398 billion yuan and a net profit increase of 367 million yuan in 2026, with a total of 4.154 billion yuan in free cash flow over seven years [7]. Group 3: Risks and Concerns - The valuation is based on aggressive assumptions, including a projected production capacity increase from 500 million tons to 8 million tons per year, which has not yet been realized [2][3]. - Guocheng Industrial has faced safety and compliance issues, including a fatal accident and penalties for exceeding licensed mining capacity [6]. - The high proportion of related party sales raises concerns, with 95.29% of sales to the top five customers, including significant sales to subsidiaries of Guocheng Group [6].

Core Viewpoint - The non-ferrous metal sector showed strong performance on December 17, with the leading non-ferrous metal ETF (159876) rising over 3.8% during the day and closing up 3.27%, indicating positive market sentiment towards the sector [1][10]. Fund Flows - The non-ferrous metal ETF attracted significant capital, with a single-day inflow of 10.13 million yuan and a total of 198 million yuan over the past 20 days, reflecting investor confidence in the sector's future performance [1][10]. Stock Performance - Lithium stocks surged, with Shengxin Lithium Energy hitting the daily limit, Zhongmin Resources rising over 8%, Tianqi Lithium increasing by 6%, and Ganfeng Lithium up nearly 5%. In the lead zinc sector, Guocheng Mining also hit the daily limit, while Xingye Silver Tin rose over 6%. In the aluminum sector, Zhongfu Industrial increased by over 5%, Huafeng Aluminum by over 4%, and China Aluminum by over 3% [3][12]. Macro Factors - In the macroeconomic context, the U.S. added 64,000 non-farm jobs in November, with the unemployment rate unexpectedly rising to 4.6%, the highest in four years. This weak job market increases the likelihood of interest rate cuts by the Federal Reserve, which could support non-ferrous metal prices [4][13]. Industry Insights - Lithium carbonate futures saw a significant spike, rising over 8% to reach 109,860 yuan/ton. The cancellation of 27 mining licenses may impact the supply-demand dynamics of lithium, potentially driving prices higher. CITIC Securities expressed optimism about copper, aluminum, and gold as key investment options, citing limited new copper capacity and increasing demand from renewable energy and AI data centers [5][14]. Investment Strategy - Given the current market conditions and geopolitical tensions, non-ferrous metals are viewed as core assets for medium to long-term investment. The non-ferrous metal ETF (159876) and its linked funds provide comprehensive exposure to various metals, allowing for risk diversification compared to investing in single metal sectors [6][14].