证券代码：300818 证券简称：耐普矿机 公告编号：2026-012 江西耐普矿机股份有限公司 关于变更签字项目合伙人的公告 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。 江西耐普矿机股份有限公司（以下简称"公司"）于 2025 年 4 月 1 日召开 第五届董事会第二十三次会议，于 2025 年 4 月 23 日召开 2024 年年度股东大会， 审议通过了《关于拟续聘 2025 年度审计机构的议案》。同意聘请北京德皓国际 会计师事务所（特殊普通合伙）（以下简称"北京德皓国际"）担任公司 2025 年度财务报告和内部控制报告审计机构，聘期一年。详情请见公司于 2025 年 4 月 3 日在巨潮资讯网（http://www.cninfo.com.cn）上披露的《关于拟续聘 2025 年 度审计机构的公告》。 近日，公司收到北京德皓国际送达的《关于变更江西耐普矿机股份有限公司 2025 年度审计签字项目合伙人的函》，现将相关变更情况公告如下。 一、本次变更签字注册会计师的基本情况 北京德皓国际作为公司 2025 年度财务报告和内部控制的审计机构，原指派 江山为签 ...

Group 1 - The core viewpoint of the news is that gold prices have reached a new historical high, surpassing $5250 per ounce, with a year-to-date increase of over 21% [1] - Goldman Sachs has raised its year-end gold price forecast from $4900 to $5400 per ounce, driven by increasing demand from private investors and central banks [1] - It is expected that central banks will purchase 60 tons of gold monthly this year, and with the Federal Reserve's interest rate cuts, the scale of gold purchases by ETFs will also increase, further boosting valuations [1] Group 2 - On January 28, the Shanghai Composite Index and Shenzhen Component Index experienced a pullback after an initial rise, while the ChiNext Index opened high but fell, with a drop exceeding 1% during the day [3] - Gold-related stocks saw significant gains, with China Gold achieving four consecutive trading limit increases, Hunan Gold three consecutive, and several other companies like Xiaocheng Technology and Sichuan Gold also showing strong performance [3] - Notable stock performances included Zhaojin Gold with five increases over eight days and other companies like Mankalong and Haotong Technology rising over 10% [3]

耐普矿机 20260127 摘要 耐普矿机四年内营收增长两倍，海外市场贡献显著，从 1 亿多元增长到 5 亿多元，国内市场增长相对较缓，从 2 亿元增长到 4 亿元。 公司"出海 2.0"战略通过全球布局生产基地，如蒙古国、赞比亚、智利 和秘鲁等地，以覆盖周边国家，预计将带来持续高速增长。 新产品锻造二代复合衬板寿命提升一倍以上，提高矿石处理量 19%，并 降低能耗，如紫金芝布拉项目每吨矿石电耗降低，一年节省约 1.8 亿度 电。 客户对二代锻造复合衬板复购率达 100%，产品价值是成本的 10 到 20 倍，且材料稳定性提升 300 倍，显著优于传统铸造材料。 二代锻造复合衬板通过先进锻造工艺，抗冲击性和稳定性大幅提升，寿 命比美卓最佳衬板提升 50%，毛利率接近 40%，海外市场可达 50%- 60%。 公司预计未来 4-5 年利润率将持续上升，受益于海外收入占比提高至 80%左右、新一代衬板放量以及产能利用率提升带来的折旧摊销下降。 与金诚信合作投资哥伦比亚铜金银矿项目，预计 2028 年投产，满产后 净利润约 15 亿元，销售收入 40 多亿元，内部收益率高，预计两三年即 可回本。 Q&A 耐普矿机近 ...

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 向不特定对象发行可转换公司债券 在深圳证券交易所上市的 法律意见书 | 声明事项 | | 2 | | --- | --- | --- | | 释 | 义 | 4 | | 正 | 文 | 6 | | 一、本次发行的批准和授权 | | 6 | | 二、发行人本次发行的主体资格 | | 7 | | 三、发行人本次发行的实质条件 | | 7 | | 四、结论意见 | | 11 | 上海市锦天城律师事务所 法律意见书 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向不特定对象 发行可转换公司债券在深圳证券交易所上市的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 致：江西耐普矿机股份有限公司 7-6-2 上海市锦天城律师事务所 法律意见书 引述，并不意味着本所对这些数据和结论的真实性及准确性做出任何明示或默示 保证。 三、本法律意见书中，本所及本所律师认定某些事件是否合法有效是以该等 事件所发生时应当适用的法律、法规、规章及规范性文件为依据。 ...

股票简称：耐普矿机 股票代码：300818 公告编号：2026-011 江西耐普矿机股份有限公司 Naipu Mining Machinery Co., Ltd. （江西省上饶市上饶经济技术开发区经开大道 318 号） 向不特定对象发行可转换公司债券 上市公告书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 二〇二六年一月 第一节 重要声明与提示 江西耐普矿机股份有限公司（以下简称"耐普矿机"、"发行人"、"公司"） 及全体董事、高级管理人员保证上市公告书的真实性、准确性、完整性，承诺上 市公告书不存在虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确 性和完整性承担个别和连带的法律责任。 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》"）等有关法律、法规的规定，公司董 事、高级管理人员已经依法履行诚信和勤勉尽责的义务和责任。 中国证券监督管理委员会（以下简称"中国证监会"）、深圳证券交易所（以 下简称"深交所"）、其他政府机关对公司可转换公司债券上市及有关事项的意 见，均不表明对公司的任何保证。 公司提醒广大投资者注意，凡本上市公告 ...

国金证券股份有限公司 关于 江西耐普矿机股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 二〇二六年一月 江西耐普矿机股份有限公司 上市保荐书 声 明 国金证券股份有限公司（以下简称"国金证券"、"本保荐人"）及保荐代表人 已根据《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》"）、《上市公司证券发行注册管理办法》（以 下简称"《注册管理办法》"）、《证券发行上市保荐业务管理办法》（以下简称 "《保荐业务管理办法》"）等有关法律、法规和中国证券监督管理委员会（以下 简称"中国证监会"）的有关规定以及深圳证券交易所（以下简称"深交所"）的有 关业务规则，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规 范出具本上市保荐书，并保证上市保荐书的真实、准确、完整。 如无特别说明，本上市保荐书中所涉简称与《江西耐普矿机股份有限公司向 不特定对象发行可转换公司债券募集说明书》一致。 7-5-1 | 第十节 | 保荐人认为应当说明的其他事项 | 58 | | --- | --- | --- | ...

Key Points Summary Industry Overview - The mining machinery industry is expected to enter a new cycle of prosperity due to supply shortages and rising prices of metal commodities, influenced by anticipated interest rate cuts from the Federal Reserve [1][2] Company Recommendations XCMG Machinery - Leading in complete open-pit mining machinery, comparable to Caterpillar and Komatsu - Projected mining machinery revenue for 2025 is 13 billion (including spare parts), a year-on-year increase of 50% - Target for 2030 mining machinery revenue is 40 billion, with a CAGR of 25-30% [1] SANY International - Mining machinery accounts for 40% of total revenue - Overseas mining trucks are expected to contribute significantly to growth in 2026, with overseas mining machinery expected to exceed 50% of mining machinery business (6 billion) - Channel model adjustments are anticipated to enhance profitability; target for overseas mining machinery business in 2028 is 13 billion, aiming for over 100% growth in three years [1] Shantui - Leading in mining bulldozers, aiming to create a complete open-pit excavation solution - Expected sales of mining equipment to account for over 10% in 2025 [2] NPE Mining Machinery - Leading in wear-resistant parts for mineral processing, comparable to Meiyit Electric Steel - Projected mining machinery revenue for 2025 is 1 billion, with over 50% from overseas - Anticipated new product launches and overseas capacity expansion could lead to a new performance upturn, with a mid-term revenue target of 2 billion and profit target of 400 million by 2028 [2] New Sharp Co., Ltd. - Main business in hard alloys and rock drilling tools, comparable to Sandvik - Projected mining machinery revenue for 2025 is 1.8 billion, with 40% from overseas; recognized as a leading comprehensive solution provider for mining consumables [2] Nanmin Group - Main business in crushing and screening machinery, comparable to Metso/Sandvik - Projected mining machinery revenue for 2025 is 800 million, with 20% from overseas - Strategic changes include signing a ten-year operation contract for a large iron ore project and investing in a Zimbabwean gold mine, transitioning to an "equipment + operation" overseas model [2] Zhejiang Mining Co. - Main business in crushing and screening machinery, comparable to Metso/Sandvik - Projected mining machinery revenue for 2025 is 700 million, with 20% from overseas - Strategic changes include acquiring a lead-silver mine in Kazakhstan, initiating a dual-driven development phase of "mining machinery overseas + mining operation" [2]

有色金属板块多数低开，耐普矿机跌超5%，华锡有色、华钰矿业、北方铜业、锡业股份、国城矿业低 开超4%。 ...

Group 1 - The capital market is active, with brokers conducting research on A-share companies to identify new opportunities, focusing on sectors like electronics and machinery [1][2] - A total of 440 A-share companies have been researched by brokers this year, with the electronics and machinery sectors leading in numbers, each having over 60 companies [2][3] - The power equipment sector has gained significant attention, with the State Grid Corporation announcing a fixed asset investment of 4 trillion yuan for the 14th Five-Year Plan, a 40% increase from the previous plan [2][3] Group 2 - Over 1,000 A-share companies have disclosed their 2025 performance forecasts or reports, prompting brokers to adjust ratings and target prices for several stocks [4][5] - Notable companies such as Baiwei Storage and Jianghuai Automobile have received rating upgrades due to strong performance forecasts, with Baiwei expected to achieve a net profit of 850 million to 1 billion yuan, a year-on-year increase of 427% to 520% [5] - Brokers are focusing on structural opportunities in the stock market, particularly in technology growth and resource sectors, as the market is expected to transition to performance-driven growth [6][7] Group 3 - Brokers are particularly interested in the technology growth sector, emphasizing areas such as AI, semiconductor, and optical electronics, with companies like Kaisheng Technology and Baiwei Storage receiving significant attention [3][7] - The chemical sector has also seen increased research activity, with companies like Runfeng and Water Technology being researched by over 20 brokers [2][3] - The market outlook for 2026 suggests a potential revaluation of Chinese assets, with a focus on technology innovation and resource repricing as key investment themes [8]

Market Overview - The A-share market experienced a "steady rise" from January 19 to 23, with the Shanghai Composite Index increasing by 0.84% to reach 4100 points, marking a new high since 2015 [2] - The Shenzhen Component Index and the Sci-Tech Innovation 50 Index rose by 1.11% and 2.62%, respectively, indicating a trend of "moderate index growth and accelerated capital inflow" [2] - The core driving force behind this market rally is identified as a combination of "policy support, capital inflow, and industrial trends" [2] Sector Performance - Cyclical and technology stocks acted as "dual drivers," with sectors such as building materials, steel, and chemicals seeing gains of over 5% [2] - Commercial aerospace concept stocks led the market due to favorable industry developments, while banking and non-bank financial sectors experienced declines [2] Policy and Regulation - The China Securities Regulatory Commission and the Asset Management Association of China jointly released performance benchmark guidelines aimed at addressing issues like "style drift" and "fund blind boxes," marking the beginning of a reshaping of the public fund ecosystem [2] Investment Trends - Institutional research focused on three main areas: commercial aerospace, metal mining, and storage chips, with significant interest in companies like Daikin Heavy Industries and Naipu Mining [3] - The MSCI Metals and Mining Index has surged nearly 90% year-to-date, driven by soaring global metal demand and tightening supply of key minerals [3] - Gold prices are projected to rise further, with Goldman Sachs forecasting a price of $5,400 per ounce by the end of 2026, indicating an 8% upside from current levels [3] Commercial Aerospace Developments - The commercial aerospace sector saw a resurgence after a volatile January, with significant domestic and international positive developments [4] - The financing total for the industry is expected to reach 18.6 billion yuan in 2025, a 32% year-on-year increase, as multiple companies initiate their IPO processes [4] - The global satellite count exceeds 12,000, with China's commercial aerospace sector aiming to capture technological transformation opportunities through "new space infrastructure" [4] Market Outlook - Institutions generally expect a "slow bull" market to continue, although caution is advised regarding short-term valuation correction risks [4] - Analysts predict that the A-share market will maintain a trend of oscillating upward, with accelerated sector rotation focusing on cyclical recovery and hard technology growth [4]