Company Overview - Guocheng Mining (SZ 000688) announced on November 12 that Mr. Yang Shiliang has resigned from his position as Deputy General Manager for personal reasons, but will continue to serve as a director and supervisor in the company's subsidiary [1] Financial Performance - For the first half of 2025, Guocheng Mining's revenue composition is as follows: chemical manufacturing accounts for 65.64%, non-ferrous metal mining and selection accounts for 34.13%, and others account for 0.23% [1] - As of the report date, Guocheng Mining has a market capitalization of 25 billion yuan [1]

| 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-092 | | --- | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 国城矿业股份有限公司 关于国城转债预计触发赎回条件的提示性公告 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： 自2025年10月30日起至2025年11月12日，公司股票已有10个交易日的收盘价 格不低于当期转股价格的130%（即16.354元/股）。 若未来触发"国城转债"的有条件赎回条款："在本次发行的可转换公司债 券转股期内，如果公司股票连续三十个交易日中至少有十五个交易日的收盘价格 不低于当期转股价格的130%（含130%）"，届时根据《募集说明书》中有条件 赎回条款的相关规定，公司有权决定按照债券面值加当期应计利息的价格赎回全 部或部分未转股的可转换公司债券。 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" ...

| 债券代码 | 债券简称 | 上次主体评级结果上次债项评级结果 上次评级时间 | | | 债券余额 | 兑付日 | | --- | --- | --- | --- | --- | --- | --- | | 127019.SZ | 国城转债 | A*/稳定 | A*/稳定 | 2025/05/21 | 7.0384 亿元 | 2026/07/15 | | backed E- Mat. B . most Manhol Ma IS . Ital IN- Ida supp | | | | | | | 受国城矿业股份有限公司(以下简称"公司")委托,联合资信评估股份有限公司(以下简称 "联合资信")对公司及其发行的相关债项进行了信用评级。除评级委托关系外,联合资信、评级 人员与公司不存在任何影响评级行为独立、客观、公正的关联关系。 根据联合资信最近的评级结果,公司个体信用等级为 at,公司主体长期信用等级为 A*,评级展 望为稳定;公司委托联合资信评级的相关债项评级结果详见下表,评级有效期为相关债项存续期。 表 1 截至本公告出具日公司委托联合资信进行信用评级的存续期内公开发行债券情况 信用评级公告 联合〔2025 ...

New Stock Issuance - The stock code 300277 (Hai Lian Xun) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 688353 (Hua Sheng Lithium) reported severe abnormal fluctuations on November 11, 2025[1] - Stock code 603122 (He Fu China) has an announcement dated November 8, 2025[1] Trading Alerts - Stock code 601888 (China Zhong Mian) has an announcement dated November 12, 2025[1] - Stock code 600537 (Yi Jing Guang Dian) has an announcement dated November 12, 2025[1] - Stock code 688028 (Wo Er De) has an announcement dated November 12, 2025[1] Abnormal Fluctuations - Stock code 600815 (Xia Gong Co.) reported abnormal fluctuations on November 6, 2025[2] - Stock code 603557 (ST Qi Bu) reported abnormal fluctuations on November 7, 2025[3] - Stock code 002478 (Chang Bao Co.) reported abnormal fluctuations on November 7, 2025[3]

Group 1 - The company's stock (Securities Code: 000688) experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over two consecutive trading days (November 10 and 11, 2025) [2] - The company held board and supervisory meetings on November 7, 2025, where it approved significant asset purchase and related transaction proposals, fulfilling the necessary information disclosure procedures [3] - The company confirmed that there are no undisclosed significant matters that could affect stock trading prices, and the recent operational environment remains stable [6][7] Group 2 - The company issued 8,500,000 convertible bonds with a total value of 850 million yuan, which began trading on August 10, 2020 [10][11] - The convertible bond's initial conversion price was set at 21.07 yuan per share, with the latest adjustment bringing it down to 12.58 yuan per share [13][14] - The convertible bonds experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 30% over three consecutive trading days (November 7, 10, and 11, 2025) [19]

Core Viewpoint - Guocheng Mining announced that the "Guocheng Convertible Bonds" experienced an abnormal price fluctuation, with a cumulative closing price increase exceeding 30% over three consecutive trading days (November 7, November 10, and November 11, 2025) [1] Summary by Relevant Sections - **Price Fluctuation** - The closing price of "Guocheng Convertible Bonds" on November 11 was 190 CNY per bond, with a conversion value of 182.909 CNY, resulting in a conversion premium rate of 3.88% [1] - **Company Operations** - The company confirmed that its operations are normal and there are no undisclosed significant information. During the period of price fluctuation, the directors, supervisors, and senior management did not engage in any trading of the convertible bonds [1] - **Risk Disclosure** - The company has issued a reminder regarding risks associated with price fluctuations and redemption [1]

Core Viewpoint - The company, Guocheng Mining, announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over two consecutive trading days (November 10 and 11, 2025) [1] Summary by Relevant Sections - **Stock Price Movement** - The stock (security code: 000688) showed a significant price increase, indicating potential investor interest or market speculation [1] - **Corporate Actions** - On November 7, 2025, the company held a meeting to approve major asset purchases and related party transactions, which may have influenced the stock price movement [1] - **Disclosure and Compliance** - The company stated that there are no undisclosed significant matters, and its daily operations remain normal without major changes in the internal or external environment [1] - The controlling shareholder, concerted actors, and actual controller, Wu Cheng, reported no undisclosed matters and did not engage in buying or selling the company's stock during the period of abnormal fluctuation [1]

证券代码：000688 证券简称：国城矿业 公告编号：2025-089 国城矿业股份有限公司 股票交易异常波动公告 1、2025 年 11 月 7 日，公司召开第十二届董事会第四十三次会议、第十一 届监事会第二十七次会议，审议通过了《关于<国城矿业股份有限公司重大资产 购买暨关联交易报告书（草案）>及其摘要的议案》等相关议案，并履行了相关 信息披露程序。具体内容详见公司于 2025 年 11 月 8 日刊登在指定信息披露媒体 上的相关公告。 除上述已披露事项外，本公司不存在其他应披露而未披露的重大信息。 2、公司前期披露的信息不存在需要更正、补充之处。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 国城矿业股份有限公司（以下简称"公司"）股票（证券简称：国城矿业， 证券代码：000688）连续 2 个交易日（2025 年 11 月 10 日、11 月 11 日）收盘价 格涨幅偏离值累计超过 20%，根据深圳证券交易所的有关规定，属于股票交易异 常波动的情况。 二、公司关注并核实情况的说明 针对公司股票交易异常波动，公司对有关事 ...

| 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-090 | | --- | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 国城矿业股份有限公司 可转换公司债券交易异常波动公告 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，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（以下简称"深交所"）"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日起在深交所挂牌交易，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》（以下简称"《募集说明书》"）有关规定， ...

Core Insights - On November 11, a total of 44 stocks were identified with institutional activity, with 26 showing net buying and 18 showing net selling [2] - The top three stocks with the highest net buying by institutions were Sanxiang New Materials, China Duty Free Group, and Sifangda, with net buying amounts of 655 million, 517 million, and 138 million respectively [2][3] - The top three stocks with the highest net selling by institutions were Fangyuan Co., Guocheng Mining, and Dawi Co., with net selling amounts of 96.61 million, 85.74 million, and 76.30 million respectively [2][4] Institutional Buying Summary - Sanxiang New Materials had a price increase of 10.01% with a net buying amount of 65.46 million [3] - China Duty Free Group saw a price increase of 4.19% with a net buying amount of 51.68 million [3] - Sifangda experienced a significant price increase of 19.99% with a net buying amount of 13.82 million [3] Institutional Selling Summary - Fangyuan Co. had a price increase of 19.65% but faced a net selling amount of 96.61 million [4] - Guocheng Mining had a price increase of 9.99% with a net selling amount of 85.74 million [4] - Dawi Co. experienced a price decrease of 3.02% with a net selling amount of 76.30 million [4]