（文章来源：证券日报） 证券日报网2月4日讯 ，耐普矿机在接受调研者提问时表示，公司在智利和秘鲁的投资，属于制造业投 资、非资源开发的投资。工厂投产后，会带动当地的就业，增加政府税收，降低进口，属于当地政府支 持的行业，整体经营风险较小。 ...

证券日报网2月4日讯 ，耐普矿机在接受调研者提问时表示，公司已于五年前开始进行全球化布局。赞 比亚工厂于2024年10月建成投产。目前在建的有智利和秘鲁工厂，智利工厂已基本建设完成，待拿到政 府的竣工许可后，即可进行投产；秘鲁工厂有序建设，预计2027年可具备生产能力。同时，公司在塞尔 维亚购买了15公顷土地，可根据产能需要进入建设阶段。未来公司将形成覆盖全球的生产及服务能力， 预计未来全球产能可达30亿元，可有效满足未来订单增长。 （文章来源：证券日报） ...

Core Viewpoint - The company, Nepean Mining (300818.SZ), has observed a significant increase in the willingness of downstream customers to increase capital expenditures, which is expected to drive sales of complete machines and aftermarket parts [1] Group 1: Downstream Developments - Zijin Mining's subsidiary, the Jilong Copper Mine, has commenced production of its second phase in January, increasing ore processing capacity from 45 million tons to over 105 million tons [1] - The annual output of copper concentrate is projected to rise from 190,000 tons to between 300,000 and 350,000 tons [1] - Plans for a third phase are underway, which will further increase ore processing capacity to 200 million tons and copper concentrate output to 600,000 tons [1] Group 2: Market Trends - Increased capital expenditures from downstream customers are expected to boost sales of complete machines initially, followed by a rise in sales of aftermarket parts and consumables [1] - Rising prices of copper and gold are likely to encourage the development of idle low-grade mines, which typically require more parts, indicating a sustained growth in demand for the company's products [1] - The industry is expected to experience long-term, highly certain growth in demand for both complete machines and spare parts due to the expanding scale of the sector [1]

Group 1: Investment Decisions - The company terminated its investment in the Colombian mining project due to significant changes in equity delivery conditions and increased geopolitical risks [4] - The total assets of the company as of September 30, 2025, were CNY 31.00 billion, with a debt ratio of 41.12% [4] - The planned investment amount for the Colombian project was approximately USD 14.589 million, accounting for 10.56% of the company's net assets [4] Group 2: Market Trends and Demand - There is a significant increase in downstream customers' willingness to increase capital expenditures, with the Zijin Mining's second-phase project expected to boost ore processing capacity from 45 million tons to over 105 million tons [5] - The annual copper concentrate output is projected to rise from 190,000 tons to between 300,000 and 350,000 tons [5] - The ongoing rise in copper and gold prices is expected to stimulate the development of idle low-grade mines, leading to increased demand for the company's machinery and spare parts [5] Group 3: Competitive Advantages - The company’s forged composite liner is a global first, with no current competitors offering similar products [6] - The production process for the forged composite liner is complex and requires high initial investment, creating a barrier to entry for domestic companies [6] - The company has applied for patents for the forged composite liner, enhancing its competitive edge and market position [7] Group 4: Global Expansion and Capacity - The company has been expanding its global footprint for five years, with a factory in Zambia expected to start production in October 2024 [7] - The Chilean factory is nearing completion, while the Peruvian factory is under construction and expected to be operational by 2027 [7] - Future global production capacity is projected to reach CNY 3 billion, effectively meeting anticipated order growth [7]

Core Viewpoint - Nepean Mining (300818.SZ) experienced a significant decline of over 17%, leading the market in losses, with a cumulative drop of nearly 30% over five days, closing at 40.67 yuan and a total market capitalization of 6.86 billion yuan [1]. Group 1 - Nepean Mining announced the termination of its subscription for equity in Swiss Veritas Resources AG and simultaneously abandoned further investment in the Alacran copper-gold-silver project in Colombia [1]. - The company's main business involves the research and development, production, sales, and service of heavy mining beneficiation equipment and its new material wear-resistant parts [1].

耐普矿机(300818.SZ)大幅下挫超17%。 ...

耐普矿机(300818.SZ)大幅下挫超17%，跌幅居市场首位，近日走出"过山车"行情，5日累计跌近30%，报40.67元，总市值68.6亿元。消息上，耐普矿机昨日 晚公告称，将终止认购瑞士Veritas Resources AG(简称"维理达资源")股权，并同步放弃对哥伦比亚Alacran铜金银矿项目的后续投资。耐普矿机的主营业务是 集研发、生产、销售和服务于一体的重型矿山选矿装备及其新材料耐磨备件专业制造。 ...

每经记者｜彭斐 每经编辑｜金冥羽 陈旭 2月4日，耐普矿机（SZ300818）股价大跌超16%。 | 耐普矿机 | | | --- | --- | | 300818 @ L1 | | | 41.19 | 高 45.00 市值69.52亿 量比 4.62 | | 保 | 40.76 流通45.10亿 换 9.29% | | -8.03 -16.31% + | 43.72 市盈 118.78 额 4.29亿 | | 耐普转02 190.154 -11.28% 溢价率 77.46% | | | 异动解读：终止海外投资+转债异常波动 ... × | | | 分时 | 日K 周K 月K 五日 更多 ** | | 均价:42.21 最新:41.19 -8.03 -16.31% | | | 57.68 | +17.19% 大单 41.41 *.66万 | | | 卖5 41.30 45.8万 | | -49.22- | 54 41.29 1.24万 -0.00% 室2 | | 重3 | 41.28 2.48万 | | | 41.20 117万 | | 卖1 | 41.19 2.06万 | | 21 | 41.13 1.65 ...

会议助理 1: 在会议开始前，我们提示各位投资者。在主讲嘉宾发言结束后，将留有提问时间。下面有 请主讲嘉宾发言，谢谢。 耐普矿机董秘王磊: 好，我是耐普矿机董秘王磊。我针对今天下午我们召开的董事会发布的这个关于终止认购 瑞士公司维里达股权的这样的一个公告，做一个这个我们线上集体的一个详细的一个交流 首先我先用 5 分钟介绍一下这个事情，那整个这个项目的这个前期的那个审议投资，是我 们 2025 年 5 月份那个召开的第五届董事会第 26 次。会议审议，对，当时我们审议的整 个这个项目的一系列的交割的先决条件之一，也是这个就是说他的这个项目的那个环评需 需取得这个批复同意，才进入股权交割。 然后一直到目前，他这个环评批复还一直未取得，所以这块之前就一直没有进行这个股权 交割。整个这个事情的话，这个最近那个艾芬豪针对这个环评批复一直还没有这个通过， 同时这半年多，这个各种金属，包括这个铜、金、银，就是这个矿山所主要，那个含的这 个金属品类的这样的价格。又涨幅又比较大，所以他提出来对我们整个的一个收割，这个 收购进行一个，一些重要条款的一些这个修订变更。然后今天那个就是，因为整个这个项 目是金诚信控股，整体这个项目 ...

耐普矿机电话会议要点-0203 ——————————— 1、 终止投资哥伦比亚矿山资源说明 原因：①环评批复未取得，铜等大幅涨价，条款变更：取消与铜价挂钩的2800万美元对赌补偿，要求项目投资款6 个月内支付，②南美地缘政治风险相比一年前提升，③股权收购款占净资产比例超过55%。 影响：未交割、未支付预付款，因条款变更终止，无违约责任。 2、 公司主业整 耐普矿机电话会议要点-0203 ——————————— 1、 终止投资哥伦比亚矿山资源说明 原因：①环评批复未取得，铜等大幅涨价，条款变更：取消与铜价挂钩的2800万美元对赌补偿，要求项目投资款6 个月内支付，②南美地缘政治风险相比一年前提升，③股权收购款占净资产比例超过55%。 影响：未交割、未支付预付款，因条款变更终止，无违约责任。 2、 公司主业整体 订单：前三季度订单同增超过35%，25H1 5.7-5.8亿，H2约7.3-7.4亿。 26年1月订单同增接近40%。 需求：金属价格维持高景气度，矿山资本开支和扩产意愿强烈，选矿耐磨备件耗材行业处于景气初期阶段（耗材 增长比矿山设备整机滞后一年左右）。 3、 二代锻造衬板 关键节点：在江铜德兴铜矿大直径 ...