Group 1: Company Performance Forecasts - Zhongshe Co., Ltd. expects a net loss of 6 to 8 million yuan for the first half of 2025, compared to a profit of 18.83 million yuan in the same period last year [1] - Jiangfeng Electronics anticipates a net profit of 247 to 267 million yuan for the first half of 2025, representing a growth of 53.29% to 65.70% year-on-year [1] - Naipu Mining forecasts a net profit of 15 to 22.5 million yuan for the first half of 2025, a decline of 73.32% to 82.21% compared to the previous year [7] - Runjian Co., Ltd. expects a net profit of 35 to 52.5 million yuan for the first half of 2025, a decrease of 78% to 85% year-on-year [13] - Kanglong Chemical predicts a net profit of 679 to 713 million yuan for the first half of 2025, down 36% to 39% from the previous year [14] Group 2: Shareholder Actions - Tianyuan Co., Ltd. plans to reduce its shareholding by up to 0.76% through a concentrated bidding process [2] - Sanwei Tiandi intends to reduce its shareholding by up to 4.07% through concentrated bidding or block trading [3] - Zhongfu Shenying plans to reduce its shareholding by up to 1% due to personal funding needs [4] - Hengfeng Information intends to reduce its shareholding by up to 3% through concentrated bidding or block trading [6] - *ST Yanzhen's stock will be suspended for inspection due to abnormal trading fluctuations [9] Group 3: Corporate Transactions - *ST Weir plans to acquire 51% of Shanghai Zijiang New Materials Technology Co., Ltd. for 546 million yuan [10] - Greenland plans to introduce overseas strategic investors for its subsidiary QINGMEI to enhance global competitiveness [12] - Taihe Co., Ltd. intends to acquire the remaining 51% stake in Guangdong Haode Crop Technology Co., Ltd. for 22.083 million yuan [13] - Weichai Heavy Machinery is planning to acquire 100% of Changzhou Fiberglass Shipyard Co., Ltd. [15] - Guolian Aquatic plans to introduce a new shareholder through capital increase for its subsidiary [16]

Core Viewpoint - The company Nepean Mining (300818) expects a significant decline in net profit for the first half of 2025, with projections indicating a decrease of 73.32% to 82.21% year-on-year [1] Financial Performance - The estimated net profit attributable to shareholders is projected to be between 15 million to 22.5 million yuan [1] - The net profit after excluding non-recurring gains and losses is expected to range from 9.97 million to 17.47 million yuan, reflecting a year-on-year decline of 78.84% to 87.92% [1] Factors Influencing Performance - The performance decline is primarily attributed to a reduction in revenue recognition from EPC projects, increased fixed asset depreciation due to capital expenditures, foreign exchange gains, and the impact of non-recurring gains and losses [1]

Jiangxi Naipu Mining Machine Co., Ltd. 2025 Semi-Annual Performance Forecast [Expected Performance for the Current Period](index=1&type=section&id=I.%20Expected%20Performance%20for%20the%20Current%20Period) The company forecasts a substantial year-over-year decline in its 2025 first-half net profit across key profitability metrics Expected Performance Summary | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: 15 million - 22.5 million yuan | Profit: 84.3227 million yuan | | | Year-over-year decrease: 73.32% - 82.21% | | | **Net Profit After Deducting Non-Recurring Gains/Losses** | Profit: 9.97 million - 17.47 million yuan | Profit: 82.5426 million yuan | | | Year-over-year decrease: 78.84% - 87.92% | | [Audit Status of Performance Forecast](index=1&type=section&id=II.%20Audit%20Status%20of%20Performance%20Forecast) The performance forecast is a preliminary, unaudited estimate, with pre-communication indicating no discrepancies with the accounting firm - The performance forecast is unaudited, but the company has pre-communicated with the accounting firm with no disagreements[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The significant decline in 2025 first-half net profit is attributed to the absence of EPC project revenue, increased depreciation from capital expenditures, and negative foreign exchange impacts - No EPC project (mineral processing system solutions and services) revenue was recognized in the first half of 2025, whereas in the same period of 2024, this business generated **200.3791 million yuan** in revenue and contributed **52.1387 million yuan** in gross profit, which is a core reason for the significant net profit decline[5](index=5&type=chunk) - Ongoing internationalization strategy led to significant capital expenditures, resulting in **46.0463 million yuan** in fixed asset depreciation for the current period, an increase of **15.6127 million yuan** compared to the prior period[5](index=5&type=chunk) - The impact of exchange gains/losses on net profit shifted from a gain of **8.8508 million yuan** in the prior period to a loss of approximately **2.6195 million yuan** in the current period, representing a significant change[5](index=5&type=chunk)[6](index=6&type=chunk) - During the reporting period, non-recurring gains/losses are estimated to impact net profit by approximately **5.03 million yuan**[6](index=6&type=chunk) [Other Relevant Information](index=2&type=section&id=IV.%20Other%20Relevant%20Information) The company reiterates this performance forecast is preliminary and unaudited, with final data in the semi-annual report, advising investors to exercise caution - The company reiterates that this performance forecast is a preliminary estimate, with final data subject to the 2025 semi-annual report[7](index=7&type=chunk) - Investors are advised to make cautious decisions and be aware of investment risks[7](index=7&type=chunk)

Group 1: Nanwei Technology - Nanwei Technology benefits from the explosive growth of the GLP-1 peptide drug market, leading to significant revenue growth in chromatography filler products, which drives rapid development in small molecule business [1] - The company's net profit margin increased quarter-on-quarter in Q2, primarily due to the high gross margin and substantial share of chromatography filler business [1] - Nanwei Technology aims to create a comprehensive chromatography technology platform to provide overall solutions and accelerate overseas market expansion to enhance international competitiveness [1] Group 2: Medicy - Medicy has established a research office in Boston, USA, aiming to increase overseas business share to 40-50% [2] - The company has developed a comprehensive preclinical research service capability in biopharmaceutical R&D and is building multiple biopharmaceutical R&D technology platforms [2] - Medicy's operating costs decreased by 12.46% year-on-year due to cost control measures, and the domestic CRO industry is expected to benefit from policy support for innovative drug development [2] Group 3: Naipu Mining - Naipu Mining's forged composite liners offer significant advantages, including better wear resistance and higher mill efficiency, with successful applications in Tibet's Zhinuola mine [3] - The company plans to promote forged composite liners as a leading product and has agreements with multiple mines, expecting more successful cases by the end of this year and early next year [3] - Naipu Mining has invested in a copper-gold mine project in Colombia, which has completed feasibility design and is expected to have a construction period of two years with a mine life of 14.2 years [3] Group 4: China Ruilin - China Ruilin Engineering Technology Co., Ltd. has a diverse range of core technologies in the non-ferrous metal industry, with overseas business revenue accounting for 41.02% and domestic business revenue for 58.98% in 2024 [4] - The company is progressing with fundraising projects that will enhance its R&D capabilities and core competitiveness [4] - Representative overseas projects include the Abuja water supply project in Nigeria and the expansion of the Bor copper smelting plant in Serbia [4]

Core Viewpoint - The global demand for copper products is increasing, leading to a rise in copper mine production, but the decline in copper ore grades is creating a significant demand for wear-resistant parts in mining operations [1][2]. Group 1: Market Demand and Trends - The global copper mining industry is facing a decline in ore grades, with major mining companies experiencing a noticeable drop in average ore grades [2]. - Despite the decline in ore grades, global copper production is on the rise to meet the growing demand for copper products [2]. - Mining companies are compelled to maintain production levels by opening new mines, increasing the consumption of mining parts, and enhancing the efficiency of mining equipment [2]. Group 2: Company Strategy and Product Development - Jiangxi Naipu Mining Machinery Co., Ltd. (Naipu Mining) is focusing on high-end products in the wear-resistant parts market, particularly through the development of forged composite liners [1][4]. - The company’s forged composite liners have shown significant advantages, including improved wear resistance, enhanced mill efficiency, reduced energy consumption, and decreased replacement time [1][5]. - Naipu Mining aims to increase its export revenue to over 80% in the future, which is expected to enhance the overall gross margin of the company [3]. Group 3: Product Performance and Market Potential - The newly developed composite liners are expected to have a lifespan more than double that of traditional metal liners, which will reduce downtime and improve mining productivity and economic benefits [5]. - The global mill liner market is projected to grow from approximately $2 billion in 2023 to about $3 billion by 2032, indicating a strong market potential for Naipu Mining's products [4]. - Naipu Mining has established usage agreements with several large domestic and international mines, with installations planned for the third quarter, setting a solid foundation for market promotion of the new product [4].

Group 1: Product Advantages and Market Potential - The forged composite liner has significantly better wear resistance, improved mill efficiency, reduced energy consumption, and decreased installation time compared to traditional cast metal liners. The first set used in Tibet has shown nearly double the lifespan and improved processing capacity [2]. - The company has established usage agreements with several large domestic and international mines in Q2, with installations expected in Q3. By the end of this year and Q1 next year, successful case studies will be available for different working conditions and mill models, laying a solid foundation for market promotion [2]. - The global mill liner market is projected to grow from approximately $2 billion in 2023 to about $3 billion by 2032, indicating a strong market opportunity for the forged composite liner to fill existing gaps and enhance the company's product portfolio and competitiveness [3]. Group 2: Investment in Colombian Copper-Gold Mine - The Colombian copper-gold project is held by Cordoba Mining, in which the company invested $100 million for a 50% stake. The mine has an estimated recoverable resource of 97.95 million tons, with copper grade at 0.41%, gold grade at 0.23 g/t, and silver grade at 2.63 g/t [4]. - The project has completed feasibility design and submitted an Environmental Impact Assessment (EIA) for government approval. Construction is expected to begin after EIA approval, with a two-year construction period and an estimated mine life of 14.2 years [4]. - The investment rationale includes leveraging the company's expertise in mineral processing, achieving an average annual ore processing capacity of approximately 6.1 million tons, and generating annual outputs of 23,800 tons of copper, 38,600 ounces of gold, and 370,000 ounces of silver, which promises good investment returns [5]. Group 3: Future Outlook and Strategic Focus - The Colombian project represents the company's initial step into the mineral resource sector, with significant exploration potential remaining in the area, covering over 800 square kilometers of unexamined mining rights [7]. - The company plans to maintain its focus on manufacturing for the next three to five years while monitoring opportunities for quality mineral resource investments [8].

上海市锦天城律师事务所 关于 江西耐普矿机股份有限公司 2025 年第二次临时股东会 的 法律意见书 上海市锦天城律师事务所 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 临时股东会的法律意见书 致：江西耐普矿机股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江西耐普矿机股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第二次临时股东会的有关 事宜，根据《中华人民共和国公司法》（以下简称《公司法》）、《上市公司股 东会规则》等有关法律、法规、规章和其他规范性文件以及《江西耐普矿机股份 有限公司章程》（以下简称《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师对本次股东会所涉及的相关事项进行了必要 的核查和验证，审查了本所律师认为出具该法律意见书所需审查的相关文件、资 料的电子版和副本，并得到公司如下保证：即其所提供的材料电子版、副本、复 印件等及相关口头证言均真实、准确、完整，有关材料电子版、副本、复印件等 与原始 ...

证券代码：300818 证券简称：耐普矿机 公告编号：2025-077 江西耐普矿机股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、本次股东会采取现场投票和网络投票相结合的方式； 2、本次股东会不存在增加临时提案的情形； 3、本次股东会没有涉及变更前次股东会决议的情形； 4、本次股东会没有出现否决议案的情形； 一、会议召开的基本情况 1、会议召开的日期、时间 （1）现场会议召开时间：2025 年 7 月 10 日（星期四）14:00 开始 （2）网络投票时间：2025 年 7 月 10 日 通过深圳证券交易所互联网系统投票的时间为：2025 年 7 月 10 日 9:15 至 15:00 期间的任意时间。 通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 7 月 10 日 9:15—9:25、9:30 至 11:30、13:00-15:00。 2、会议召开方式：本次股东会采用现场表决与网络投票相结合的方式，公 司股东只能选择现场投票和网络投票中的一种方式进行表决，如果同一表决权出 现 ...

证券代码：300818 证券简称：耐普矿机 公告编号：2025-076 江西耐普矿机股份有限公司 关于召开 2025 年第二次临时股东会的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 根据江西耐普矿机股份有限公司（以下简称"公司"）于 2025 年 6 月 24 日召开 的第五届董事会第二十七次会议决议，定于 2025 年 7 月 10 日（星期四）在公司召 开 2025 年第二次临时股东会，为进一步保护投资者的合法权益，方便公司股东行使 股东会表决权，完善本次股东会的表决机制，现将会议有关事项再次提示如下。 一、会议召开的基本情况 1、股东会届次：2025 年第二次临时股东会 2、会议召集人：公司董事会，公司第五届董事会第二十七次会议审议通过了《关 于提请召开 2025 年第二次临时股东会的议案》，同意召开本次股东会。 3、会议召开的合法、合规性：本次股东会的召集程序符合有关法律、行政法规、 部门规章、规范性文件和公司章程等的规定。 4、会议召开的日期、时间 （1）现场会议召开时间：2025 年 7 月 10 日（星期四）下午 14:00 开始 ...

Investment Rating - The report does not explicitly state an investment rating for the industry [22]. Core Insights - The export value of China's construction machinery in May 2025 reached USD 5.024 billion, marking a year-on-year increase of 8.51%. Cumulative exports from January to May totaled USD 23.095 billion, up 8.98% year-on-year. The top three export destinations were Russia, the United States, and Indonesia [2]. - The export of excavators in May amounted to USD 889 million, with a year-on-year growth of 26.57%. From January to May, the cumulative export value was USD 4.001 billion, reflecting a year-on-year increase of 22.81% [2]. - The photovoltaic sector experienced a short-term rise in polysilicon prices, while prices in the battery segment fell. The average price for N-type polysilicon was CNY 36 per kilogram, and for granular silicon, it was CNY 34 per kilogram. The demand in downstream segments remains weak, leading to limited market transactions [2]. - The report indicates that the overseas market for construction machinery will continue to expand due to the Belt and Road Initiative and the increasing competitiveness of domestic manufacturers. Domestic demand for infrastructure will also drive replacement needs, indicating a clear upward trend in the overall cycle [2]. Market Performance Review - From June 30 to July 4, 2025, the indices for machinery equipment, power equipment, and automotive sectors changed by 0.26%, 1.99%, and 0.1%, respectively, ranking 24th, 9th, and 25th among 31 first-level industries in the Shenwan classification [7][10]. - The photovoltaic equipment sector saw a significant increase of 5.76%, while wind power equipment decreased by 0.86% during the same period [10]. Industry News and Key Company Announcements - On July 4, the "Robot Industry Empowerment Alliance" was established in Jinan, releasing a list of 87 application scenarios across 12 fields, with a total investment of CNY 14.26 billion [18]. - On July 3, the Ministry of Industry and Information Technology held a meeting with photovoltaic manufacturing companies, which boosted industry confidence [18]. - On July 3, the second phase of a major integrated project for distributed photovoltaic, energy storage, and charging piles was put into operation, with an installed capacity of 9,300 kilowatts [18]. - On July 2, the average transaction price for N-type polysilicon showed a slight increase, indicating a warming trend in the market despite limited new orders [18].