Group 1: Company Overview - HeSteel Resources' controlling shareholder is HeSteel Group, holding 34.59% of shares [2] - The company primarily operates in South Africa, focusing on three main product categories: copper, magnetite, and vermiculite [2] Group 2: Product Details - The first product category is copper, with mining activities dating back to the 1950s, currently undergoing a second phase of underground mining construction [2] - The second product category is magnetite, which is a byproduct of copper mining, with two types of sales: low-grade from stockpiles and high-grade after simple magnetic separation, priced based on the Platts index [3] - The third product category is vermiculite, recognized as one of the best globally, contributing approximately 30% of the company's sales, targeting high-end markets in North America, Europe, and Southeast Asia [3] Group 3: Project Updates - The copper phase two project has faced delays primarily due to the pandemic, with partial production expected by Q3 2023 [2] - The estimated resource reserves for the copper phase two project are 120.52 million tons of ore, with a copper metal content of 96.48 thousand tons and an average geological grade of 0.80% [3] Group 4: Financial Performance - In Q3 2022, the company experienced profit fluctuations due to significant declines in iron ore and copper prices, with revenue adjustments based on the Platts pricing mechanism [3] - The company maintains a substantial amount of cash, aiming for rapid expansion in resource development under suitable conditions [3]

Group 1: Company Overview - HeSteel Resources is primarily controlled by HeSteel Group, holding 34.59% of shares [2] - The company mainly operates in South Africa, focusing on three product categories: copper, magnetite, and vermiculite [2] Group 2: Copper Production - The first product category is copper, with mining activities dating back to the 1950s, currently constructing an underground phase II project [2] - The phase II project has faced delays due to the pandemic, with partial production expected by Q3 2023 [2] - The estimated resource reserves for the copper phase II project are 120.52 million tons of ore, with a copper metal content of 964,800 tons and an average geological grade of 0.80% [3] Group 3: Magnetite and Vermiculite - The second product category is magnetite, which is a byproduct of copper mining, with two types of sales: low-grade from stockpiles and high-grade after simple magnetic separation [3] - The high-grade magnetite has a grade between 62.5% and 64.5%, priced according to the 62% Platts index [3] - The third product category is vermiculite, accounting for approximately 30% of global sales of high-quality vermiculite, targeting high-end markets in North America, Europe, and Southeast Asia [3] Group 4: Production Capacity and Sales - The designed production capacity for high-grade magnetite is 7 million tons, with low-grade magnetite available for immediate sale [4] - The copper design capacity is 11 million tons of raw ore per year, yielding approximately 70,000 tons of metal copper after accounting for losses [4] - Sales are influenced by infrastructure conditions in South Africa, including rail and road transport [4] Group 5: Financial Performance and Strategy - The company experienced profit fluctuations in Q3 2022 due to significant declines in iron ore and copper prices [4] - The pricing mechanism for sales is based on the Platts index, leading to revenue adjustments when prices decline [4] - The company aims to strengthen its position in the resource sector and is considering rapid expansion under suitable conditions [4]

Group 1: Company Overview - HeSteel Resources is primarily controlled by HeSteel Group, holding 34.59% of shares [2] - The company operates mainly in South Africa, focusing on copper mining, with a history of copper extraction dating back to the 1950s [2] - The company is currently constructing an underground phase II project for copper mining, which has faced delays due to the pandemic [2] Group 2: Product Categories - The first product category is copper, with ongoing production activities centered around it [2] - The second product category is magnetite, a byproduct of copper mining, which is sold in two forms: low-grade from stockpiles and high-grade after simple magnetic separation [3] - The third product category is vermiculite, which accounts for approximately 30% of global high-quality vermiculite sales, targeting high-end markets in North America, Europe, and Southeast Asia [3] Group 3: Production and Capacity - The estimated resource reserves for the copper phase II project are 120.52 million tons of ore, with a copper metal content of 964,800 tons and TFe metal content of 1,633,230 tons [3] - The designed production capacity for high-grade magnetite is 7 million tons, while low-grade magnetite can be sold directly from stockpiles [3] - The copper design capacity is 11 million tons, with an expected annual output of 70,000 tons of metal copper, considering losses and recovery rates [4] Group 4: Market and Financial Performance - The company's revenue is influenced by the prices of iron ore and copper, with significant fluctuations noted in Q3 2022 due to price declines [4] - The pricing model for sales is based on the M+2 method, which adjusts revenue based on the average price of the month following the shipment month [4] - The company maintains a significant amount of cash reserves, aiming for rapid expansion in resource development under suitable conditions [4]

Group 1: Company Overview - HeSteel Resources is primarily controlled by HeSteel Group, holding 34.59% of shares [3] - The company operates mainly in South Africa, with PMC being the largest copper company in the region [3] - The main products include copper, magnetite, and vermiculite, with copper being the primary focus of production activities [3][4] Group 2: Production and Projects - The copper mining project has faced delays due to the pandemic, with partial production expected in Q1 2023 [4] - The designed production capacity for high-grade magnetite is 7 million tons, while low-grade magnetite can be sourced from stockpiles [4][5] - The copper design capacity is 11 million tons, with an expected annual output of 70,000 tons of metal copper [4][5] Group 3: Market and Sales - The company’s sales pricing is based on the Platts index, with adjustments made in response to market fluctuations [5] - The production cost of magnetite is lower compared to traditional mining companies due to simpler processing methods [5] - The company maintains a strong supply relationship with high-end markets in North America, Europe, and Southeast Asia for vermiculite [5][6] Group 4: Strategic Goals and Future Plans - The company aims to expand its resource development and utilization efficiently, with plans for potential acquisitions in the global resource market [6] - There are incentive measures in place for the South African team to boost sales performance [5] - The company is focused on enhancing its continuous profitability and industry scale through strategic mergers and acquisitions [6]

证券代码：000923 证券简称：河钢资源 河钢资源股份有限公司 2022 年 12 月 6 日投资者关系活动记录表 编号：2022-12-06 | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------|-------------------------------------------------------------|----------------------------------------------------|--------|-------|------------------|-------|-------| | 投资者关系活动 类别 | 特定对象调研 \n□媒体采访 □业绩说明会 □新闻发布会 □路演活动 | 分析师会议 | | | | | | | | □现场参观 □其他（请文字说明其他活动内容） | | | | | | | | 参与单位名称及 人员姓名 | 国华人寿 赵翔、国华人寿 | 袁天洋 | | | | | | | 时间 | 2022 年 12 月 6 日 | | | | ...

证券代码：000923 证券简称：河北宣工 河北宣化工程机械股份有限公司投资者关系活动记录表 编号：2018-3-01 | --- | --- | --- | |-------------------|------------------------------|---------------------------------------------------------| | | | | | 投 资 者 关 系 活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | 参 与 单 位 名 称 | 华泰证券有色行业研究员孙雪婉 | | | 及人员姓名 | | | | 时间 | 2018 年 3 月 1 日 | 14：30-16：00 | | 地点 | 公司会议室 | | | 上 市 公 司 接 待 | 董事会秘书赵青松 | | | 人员姓名 | | | | 投 资 者 关 系 活 | 问：介绍下 PMC | 公司铜产品的生产情况 | | 动 主 要 内 容 介 | 答： PMC | 公司 ...

证券代码：000923 证券简称：河北宣工 河北宣化工程机械股份有限公司投资者关系活动记录表 编号：2018-1-30 | --- | --- | --- | |-------------------|----------------------------|----------------------------------------------------| | | | | | 投 资 者 关 系 活 | □ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | √ | 其他 （关于重组完成后业务构成情况及相关问题的投资 | | | 者说明会） | | | 参 与 单 位 名 称 | | 景顺长城张小雨、泰鑫资产谭煜、盈峰资本陈利源、银国 | | 及人员姓名 | | 达资本张鹰翔、瑞源投资林伟洲、德沁资产黄民斌、赛伯 | | | | 乐投资崔智海、广西万赛投资管理中心束锴、长城资产燕 | | | | 志广、瑞民投资匡立春、海通证券李姝醒、国泰君安李鹏 | | | | 飞、光大证券沈继富、广 ...

证券代码：000923 证券简称：河北宣工 河北宣化工程机械股份有限公司投资者关系活动记录表 编号：2018-3-07 | --- | --- | --- | |-------------------|-----------------------------|----------------------------------------------------| | | | | | 投 资 者 关 系 活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | 参 与 单 位 名 称 | 华创证券研究员吴璋怡 | | | 及人员姓名 | | | | 时间 | 2018 年 3 月 7 日 | 14：15-15：30 | | 地点 | 公司会议室 | | | 上 市 公 司 接 待 | 董事会秘书赵青松、贾斌 | | | 人员姓名 | | | | 投 资 者 关 系 活 | | 问：上市公司重组资源板块资产后，机械板块如何打算？ | | 动 主 要 内 容 介 | 答： | 虽然重组后，机械 ...

证券代码：000923 证券简称：河北宣工 河北宣化工程机械股份有限公司投资者关系活动记录表 编号：2018-3-06 | --- | --- | --- | |-------------------|--------------------------------|----------------------------------------------------| | | | | | 投 资 者 关 系 活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | 参 与 单 位 名 称 | 川财证券研究员邱瀚萱、邵兴宇 | | | 及人员姓名 | | | | 时间 | 2018 年 3 月 6 日 | 14：15-15：30 | | 地点 | 公司会议室 | | | 上 市 公 司 接 待 | 董事会秘书赵青松、贾斌 | | | 人员姓名 | | | | 投 资 者 关 系 活 | 问：介绍下 PMC | 公司所在南非当地的政治与安全情况 | | 动 主 要 内 容 介 | 答： PM ...