特别提示： 1、国城矿业股份有限公司（以下简称"公司"）于 2024 年 12 月 18 日披露 的《国城矿业股份有限公司重大资产购买暨关联交易预案》（以下简称"本次交 易预案"）及其摘要中已对本次交易涉及的有关风险因素及尚需履行的审批程序 进行了详细说明，公司将根据相关事项的进展情况，及时履行信息披露义务，提 请广大投资者关注后续进展公告并注意投资风险。 证券代码：000688 证券简称：国城矿业 公告编号：2025-081 国城矿业股份有限公司 关于重大资产重组的进展公告 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。 2025 年 3 月 18 日，公司披露了《国城矿业股份有限公司关于重大资产重组 的进展公告》（公告编号：2025-030）； 2、截至本公告披露日，除本次交易预案中披露的有关风险因素外，公司尚 未发现可能导致公司董事会或者交易对方撤销、中止本次重组方案或者对本次重 组方案作出实质性变更的相关事项，本次交易工作正在有序进行中。 一、本次交易的基本情况 公司拟通过支付现金和承担债务的方式购买国城控股集团有限公司持有的 内蒙古国城实业有限公司 ...

| 证券代码：000688 | 证券简称：国城矿业 | 公告编号：2025-079 | | --- | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 国城矿业股份有限公司 2025 年第三季度可转换公司债券转股情况公告 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： | 证券代码：000688 | 证券简称：国城矿业 | | --- | --- | | 债券代码：127019 | 债券简称：国城转债 | | 转股价格：人民币12.58元/股 | | | 转股期限：2021年1月21日至2026年7月14日 | | 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第15号——可转换公司债券》等有关规定，国城矿业股份有限公司（以下简 称"公司"）现将2025年第三季度可转换公司债券（以下简称"可转债"）转股 及公司股份变动的情况公告如下： 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 ...

证券代码：000688 证券简称：国城矿业 公告编号：2025-080 国城矿业股份有限公司 2025 年第七次临时股东大会决议公告 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： •本次股东大会无否决议案的情形。 •本次股东大会不涉及变更以往股东大会已通过的决议情形。 一、会议召开和出席情况 1、会议召开情况 现场会议时间：2025 年 10 月 9 日（星期四）下午 14:30 开始 网络投票时间：2025 年 10 月 9 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 10 月 9 日的交易时间，即 9:15-9:25、9:30-11:30 和 13:00-15:00；通过深圳证券交易 所互联网系统投票的具体时间为：2025 年 10 月 9 日 9:15-15:00 期间的任意时间。 现场会议地点：北京市丰台区南四环西路 188 号 16 区 19 号楼 16 层会议室 召开方式：本次会议采取现场投票与网络投票相结合的方式 会议召集人：公司第十二届董事会 会议主持人：公司董事长吴城先生 本次股东大会的召开符合《 ...

北京海润天睿律师事务所 关于国城矿业股份有限公司 2025 年第七次临时股东大会的法律意见书 中国·北京 北京市朝阳区建外大街甲 14 号广播大厦 5/9/10/13/17 层 邮编：100022 电话：（010）65219696 传真：（010）88381869 法律意见书 北京海润天睿律师事务所 关于国城矿业股份有限公司 2025 年第七次临时股东大会的法律意见书 致：国城矿业股份有限公司 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称《证券法》）、《上市公司股东会规则》（以下简称《股东会规则》） 以及其他相关规章的规定，北京海润天睿律师事务所（以下称"本所"）接受国城 矿业股份有限公司（以下简称"公司"）委托，指派本所王士龙、王羽律师（以下 称"本所律师"）现场出席公司 2025 年第七次临时股东大会，并就本次股东大会 的召集和召开程序、出席会议人员及会议召集人资格、审议事项以及表决方式、 表决程序、表决结果等相关事项依法进行见证。 本所律师已审查了公司提供的召开本次股东大会的有关文件。公司已向本所 及本所律师承诺其所提供的文件和所作的陈述、说明是完整、真实和有 ...

Core Viewpoint - Guocheng Mining has shown a significant increase in stock price and financial performance, indicating potential growth opportunities in the non-ferrous metals sector [1][2]. Financial Performance - As of September 19, Guocheng Mining reported a revenue of 1.085 billion yuan for the first half of 2025, representing a year-on-year growth of 39.74% [2]. - The net profit attributable to shareholders reached 521 million yuan, marking a substantial increase of 1111.34% compared to the previous period [2]. Stock Performance - The stock price of Guocheng Mining increased by 23.89% year-to-date, with a recent 5-day increase of 2.79% [1]. - The stock was trading at 14.73 yuan per share with a market capitalization of 16.577 billion yuan as of September 30 [1]. Shareholder Information - The number of shareholders decreased to 25,800, a reduction of 2.35% from the previous period [2]. - The average number of circulating shares per shareholder increased by 2.40% to 43,643 shares [2]. Dividend Distribution - Guocheng Mining has distributed a total of 235 million yuan in dividends since its A-share listing, with 5.926 million yuan distributed over the last three years [3]. Major Shareholders - As of June 30, 2025, Hong Kong Central Clearing Limited was the eighth largest circulating shareholder, holding 6.641 million shares, a decrease of 571,200 shares from the previous period [3].

Investment Rating - The report maintains a positive outlook on copper, aluminum, and precious metals, indicating a high level of market activity and potential for growth in these sectors [13][16]. Core Insights - Copper prices have surged due to unexpected production cuts, leading to significant supply shortages and rapid price increases [13]. - Aluminum is showing signs of recovery with inventory levels decreasing and downstream processing rates improving, suggesting a potential for sustained high profitability [15]. - Precious metals, particularly gold, are expected to rise further due to market anticipation of continuous interest rate cuts [16]. Summary by Sections Copper - This week, LME copper price increased by 2.09% to $10,205.00 per ton, while Shanghai copper rose by 3.20% to 82,500 yuan per ton [14]. - Supply side: The import copper concentrate processing fee index rose to -$40.36 per ton; national copper inventory decreased by 4,400 tons to 140,100 tons [14]. - Consumption side: Brass rod enterprises' operating rate was 48.49%, showing a slight increase of 0.71 percentage points [14]. Aluminum - This week, LME aluminum price decreased by 1.01% to $2,649.00 per ton, and Shanghai aluminum fell by 0.24% to 20,700 yuan per ton [15]. - Supply side: Electrolytic aluminum ingot inventory in major consumption areas dropped by 21,000 tons to 617,000 tons [15]. - Demand side: Downstream processing enterprises' operating rate increased by 0.8 percentage points to 63.0%, driven by pre-holiday stocking [15]. Precious Metals - This week, COMEX gold price rose by 0.23% to $3,789.80 per ounce, with SPDR gold holdings increasing by 5.15 tons to 1,005.72 tons [16]. - The market is experiencing fluctuations due to U.S. tariffs and escalating geopolitical risks, contributing to a volatile trading environment [16]. Rare Earths - The price of praseodymium and neodymium oxide decreased, while the export volume of magnetic materials saw significant growth [32]. - Domestic rare earth separation enterprises are preparing for production halts, indicating potential supply constraints [32]. Antimony - Antimony ingot price is at 174,900 yuan per ton, showing a decrease of 2.26% [33]. - The demand for antimony is expected to recover as the photovoltaic glass market stabilizes [33]. Molybdenum - Molybdenum concentrate price is 4,450 yuan per ton, with a slight decrease of 0.45% [34]. - The demand for molybdenum is expected to rise as major steel mills resume procurement [34]. Tin - Tin ingot price increased by 1.74% to 273,700 yuan per ton, with inventory decreasing by 6.14% [35]. - The supply-demand dynamics are favorable, supported by strong inventory levels and demand from the semiconductor sector [35].

Overview of Guarantee Situation - Company approved an increase in external guarantee limit for its subsidiary Sichuan Guocheng Lithium Industry Co., Ltd. up to RMB 155 million [2] - The guarantee period is from the date of approval until March 16, 2026 [2] - A financing lease contract was signed between Guocheng Lithium and Jiyin Financial Leasing Co., Ltd., with the company providing a maximum guarantee of RMB 18 million [2] Basic Information of the Guaranteed Party - Guocheng Lithium is 75% owned by the company and 25% by Deyang Investment Control Xingchan Investment Co., Ltd. [4] - The company has a registered capital of RMB 100 million and was established on February 13, 2023 [4] Main Content of the Guarantee Agreement - The guarantee is a joint liability guarantee covering all principal debts and related costs [5] - The guarantee period is calculated from the effective date of the contract until three years after the debt fulfillment deadline [5][6] Impact of the Guarantee - The guarantee will support the development and funding needs of Guocheng Lithium [7] - The company can monitor the credit and financial status of Guocheng Lithium, ensuring manageable risk [7] Cumulative External Guarantee Amount - As of the announcement date, the total external guarantee balance is RMB 164.76 million, accounting for 55.09% of the company's latest audited net assets [8] - After this guarantee, the total will not exceed RMB 182.76 million, representing 61.11% of the latest audited net assets [8]

Group 1 - The company Linhe Xinhai has signed a financing lease contract with China Power Investment Ronghe, and this business is still in the active period [2] - Investors inquired whether Linhe Xinhai has ended its borrowing relationship with China Power Investment Ronghe [2] - The company advised investors to refer to relevant announcements for specific details regarding the financing lease [2]

Core Viewpoint - The company Linhe Xinhai, a subsidiary of Guocheng Mining, currently has no plans for expansion despite the tightening supply of lithium iron phosphate [2] Company Summary - Guocheng Mining's subsidiary Linhe Xinhai primarily produces industrial sulfuric acid [2] - There are no current plans for expansion in response to the market conditions [2]

Core Viewpoint - The company has approved an increase in the guarantee limit for its subsidiary, Guocheng Lithium, by no more than 1.55 billion yuan, which will support its development and is considered manageable in terms of risk [1] Group 1: Company Actions - Guocheng Lithium has engaged in financing leasing business with Jiyin Leasing, for which the company provides a maximum joint liability guarantee of 180 million yuan, falling within the previously approved guarantee scope [1] - Guocheng Lithium was established in 2023, with Guocheng Mining holding a 75% stake [1] Group 2: Financial Overview - As of June 30, Guocheng Lithium reported total assets of 366.4591 million yuan and total liabilities of 126.4115 million yuan [1] - The actual external guarantee balance for the company and its subsidiaries was 1.6475715 billion yuan prior to this new guarantee, which will increase to no more than 1.8275715 billion yuan after the new guarantee [1]