Core Viewpoint - The company has initiated a share repurchase program to enhance investor confidence and support long-term development, with a total repurchase amount between RMB 200 million and RMB 400 million, and a maximum repurchase price of RMB 12.72 per share [2] Group 1: Share Repurchase Plan - The company approved a share repurchase plan using its own funds and special loans, with the aim to use repurchased shares for convertible bonds or employee stock ownership plans [2] - The repurchase period is set for 12 months from the board's approval date [2] - The maximum repurchase price was adjusted from RMB 12.72 to RMB 12.52 per share due to dividend distributions and other corporate actions [3] Group 2: Progress of Share Repurchase - As of August 31, 2025, the company has repurchased 19,894,400 shares, accounting for 1.32% of the total share capital, with a total transaction amount of approximately RMB 197.17 million [4] - The highest transaction price during the repurchase was RMB 12.28 per share, while the lowest was RMB 8.50 per share [4] Group 3: Compliance and Regulations - The company has adhered to relevant regulations regarding the timing and method of share repurchase, ensuring compliance with the Shenzhen Stock Exchange's guidelines [5][6] - The company will continue to implement the repurchase plan based on market conditions and will fulfill its disclosure obligations as required by law [6]

证券日报网讯9月3日晚间，大中矿业（001203）发布公告称，截至2025年8月31日，公司通过股份回购 专用证券账户以集中竞价方式累计回购公司股份19，894，400股，占公司目前总股本的1.32%。 ...

大中矿业（001203）(001203.SZ)公告，公司截至2025年8月31日以集中竞价方式回购公司股份1989.44万 股，占公司目前总股本的1.32%，成交金额1.97亿元(不含交易费用)。 ...

智通财经APP讯，大中矿业(001203.SZ)公告，公司截至2025年8月31日以集中竞价方式回购公司股份 1989.44万股，占公司目前总股本的1.32%，成交金额1.97亿元(不含交易费用)。 ...

| 证券代码：001203 | 证券简称：大中矿业 | 公告编号：2025-109 | | --- | --- | --- | | 债券代码：127070 | 债券简称：大中转债 | | 大中矿业股份有限公司 2025 年 5 月 9 日，公司召开 2024 年年度股东大会，审议通过了《关于公司 2024 年年度利润分配方案的议案》。公司 2024 年度利润分配方案股权登记日为： 2025 年 6 月 25 日，除权除息日为：2025 年 6 月 26 日。根据公司《回购报告书》， 若公司在股份回购期间发生派发红利、送红股、公积金转增股本等除权除息事项 的，自股票除权除息之日起，按照中国证监会及深圳证券交易所的相关规定相应 调整回购股份价格上限及数量，拟回购股份数量和占公司总股本的比例相应变化。 所以公司对本次回购股份的价格上限进行调整，回购价格上限由不超过 12.72 元/股（含）调整为不超过 12.52 元/股（含）；具体回购股份的数量以回购期满 时实际回购的股份数量为准。具体内容详见公司于 2025 年 6 月 20 日在《证券时 报》《中国证券报》《证券日报》《上海证券报》《经济参考报》及巨潮资讯网 ...

证券之星消息，9月3日冶钢原料板块较上一交易日下跌2.2%，大中矿业领跌。当日上证指数报收于 3813.56，下跌1.16%。深证成指报收于12472.0，下跌0.65%。冶钢原料板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000923 河钢资源 | | -93.27万 | -0.43% | -192.68万 | -0.89% | 285.95万 | 1.32% | | 000655 金岭矿业 | | -252.37万 | -2.58% | -574.11万 | -5.87% | 826.48万 | 8.45% | | 600516 方大炭素 | | -692.98万 | -3.57% | -279.87万 | -1.44% | 972.85万 | 5.01% | | 600382 广东明珠 | | -736.88万 | -8.38% | 163.06万 | 1.85% | 573.82万 ...

Core Viewpoint - The company reported a slight decline in revenue and net profit for the first half of 2025, with a focus on increasing iron ore sales and ongoing lithium mining projects [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 1.972 billion yuan, a year-on-year decrease of 0.07% - The net profit attributable to shareholders was 406 million yuan, down 12.32% year-on-year - The non-recurring net profit was 400 million yuan, a decrease of 12.66% year-on-year - In Q2 2025, revenue was 1.047 billion yuan, a year-on-year decrease of 0.58% but a quarter-on-quarter increase of 13.15% - The net profit attributable to shareholders was 181 million yuan, down 18.18% year-on-year and down 19.59% quarter-on-quarter [1]. Iron Ore Sales and Pricing - Iron ore sales saw a slight increase, with iron concentrate production at 1.8618 million tons and sales at 1.6941 million tons, a year-on-year increase of 12.54% - The average selling price of iron concentrate in H1 2025 was 827 yuan/ton, a decrease of 11.61% year-on-year - The company's gross margin was 49.31%, down 4.29 percentage points year-on-year, with Q2 gross margin at 46.36%, down 4.45 percentage points year-on-year and down 6.27 percentage points quarter-on-quarter [2][3]. Resource Reserves and Lithium Projects - The company has rich resource reserves, with iron ore reserves increasing to 690 million tons and sulfur iron ore reserves at 70.8541 million tons - The lithium mining projects in Hunan and Sichuan have a lithium carbonate equivalent resource of over 4.72 million tons, leading in domestic resource volume with significant future expansion potential [2][3]. Cost Control and Competitive Advantage - The company has a significant cost advantage due to its integrated mining, selection, and smelting operations - In H1 2025, the unit sales cost of iron concentrate was 374.11 yuan/ton, with a gross margin of 54.79%, indicating a strong position in the industry [3][4]. Profit Forecast and Investment Recommendation - The company is expected to gradually release new production capacity from iron ore expansion and lithium mining projects, with projected net profits of 826 million yuan, 899 million yuan, and 1.143 billion yuan for 2025-2027, corresponding to PE ratios of 22, 20, and 16 times, respectively - The recommendation to maintain a "buy" rating reflects confidence in the company's growth potential [4].

Investment Rating - The report maintains a "Recommended" rating for the company [6][54]. Core Insights - The company's revenue for H1 2025 was 1.972 billion yuan, a slight decrease of 0.07% year-on-year, while the net profit attributable to shareholders was 406 million yuan, down 12.32% year-on-year [1][10]. - The company is experiencing a decline in profit margins due to falling iron ore prices, despite an increase in sales volume [2][17]. - The company is accelerating the construction of lithium mining projects, with significant resource reserves and technological advancements in lithium extraction [3][47]. Summary by Sections Event Overview - The company released its H1 2025 report, showing a revenue of 1.972 billion yuan and a net profit of 406 million yuan, both reflecting year-on-year declines [1][10]. Performance Review - Iron ore sales volume increased by 12.54% year-on-year, but the average selling price of iron concentrate fell by 11.61%, leading to a decrease in gross margin [2][17]. - In Q2 2025, the company reported a revenue of 1.047 billion yuan, a year-on-year decrease of 0.58%, and a net profit of 181 million yuan, down 18.18% year-on-year [1][10]. Future Core Highlights - The company has rich resource reserves, with iron ore reserves increasing to 690 million tons and lithium resources amounting to over 472 million tons of lithium carbonate equivalent [3][49]. - The construction of the Hunan Jijieshan lithium mine is progressing, with significant advancements in lithium extraction technology, achieving a lithium recovery rate of 90% [3][47]. - The company benefits from a vertically integrated production model, which enhances cost control and profitability [4][40]. Profit Forecast and Investment Suggestions - The company is expected to achieve net profits of 826 million yuan, 899 million yuan, and 1.143 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 22, 20, and 16 [5][54].

证券之星消息，9月2日冶钢原料板块较上一交易日下跌0.47%，大中矿业领跌。当日上证指数报收于 3858.13，下跌0.45%。深证成指报收于12553.84，下跌2.14%。冶钢原料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。 | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600516 方大炭素 | | 1874.98万 | 5.00% | 159.55万 | 0.43% | -2034.53万 | -5.43% | | 000629 钢钛股份 | | 251.09万 | 0.56% | -621.51万 | -1.39% | 370.43万 | 0.83% | | 000655 金岭矿业 | | 76.67万 | 0.63% | 625.43万 | 5.13% | -702.09万 | -5.76% | | 6 ...

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the current market environment [1] Group 1: Financial Performance - In H1 2025, the company achieved revenue of 1.972 billion yuan, a slight decrease of 0.07% year-on-year [1] - The net profit attributable to shareholders was 406 million yuan, down 12.32% year-on-year, while the net profit excluding non-recurring items was 400 million yuan, a decrease of 12.66% year-on-year [1] - In Q2 2025, revenue was 1.047 billion yuan, a year-on-year decline of 0.58% but a quarter-on-quarter increase of 13.15% [1] - The net profit attributable to shareholders in Q2 was 181 million yuan, down 18.17% year-on-year and down 19.59% quarter-on-quarter [1] Group 2: Production and Sales - The production of iron concentrate in H1 2025 was 1.8618 million tons, an increase of 4.45% year-on-year, while sales reached 1.6941 million tons, with a total consumption of iron concentrate at 1.9568 million tons, up 9.58% year-on-year [2] - The production of pellets was 477,500 tons, a year-on-year increase of 20.92%, while sales of pellets decreased by 8.03% year-on-year [2] Group 3: Profitability and Cost Structure - The average price of iron concentrate sales was 827 yuan per ton, reflecting an 11.61% year-on-year decline, with a gross margin of 49.31%, down 4.29 percentage points year-on-year [2] - In Q2 2025, the gross margin was 46.36%, down 4.45 percentage points year-on-year and down 6.27 percentage points quarter-on-quarter [2] Group 4: Resource and Capacity - The company has significant iron ore resources, with a total resource volume of 690 million tons and an approved production capacity of approximately 14.8 million tons per year [2] - The company is a leading player in the domestic iron ore mining sector, with a design capacity for iron concentrate of about 6.4 million tons per year [2] Group 5: Expansion into Lithium Industry - The company is entering the lithium mining sector, with a total lithium resource volume of 530 million tons and lithium carbonate equivalent exceeding 4.72 million tons [3] - The company has made progress in mining and processing, achieving a lithium recovery rate of 90% in pilot tests, significantly reducing production costs [3] - Ongoing exploration and mining activities are being conducted, with a drilling success rate of 95% [3] Group 6: Profit Forecast and Investment Recommendation - The company is expected to achieve net profits of 823 million yuan, 903 million yuan, and 1.072 billion yuan for the years 2025 to 2027, with corresponding price-to-earnings ratios of 22, 20, and 17 times [3]