GuoCheng Mining(SZ:000688) Zheng Quan Shi Bao Wang·2024-12-22 03:04Core Viewpoint - The transaction by Guocheng Mining aims to optimize the company's asset structure and align with its development strategy, resulting in the divestment of its stake in Yubang Mining, which will no longer be included in the consolidated financial statements of the listed company [1][5]. Group 1: Transaction Details - Guocheng Mining plans to sell its 65% stake in Yubang Mining to Inner Mongolia Xingye Silver Tin Mining Co., Ltd. for a price of 1.6 billion yuan [5]. - The transaction is expected to yield an investment return of approximately 600 million yuan, reflecting a significant premium over the acquisition price [6]. - Guocheng Mining will also recover approximately 440 million yuan in outstanding loans provided to Yubang Mining, enhancing its available funds [6]. Group 2: Financial Performance - Yubang Mining reported a revenue of 77.47 million yuan in 2023, with a loss of 94.25 million yuan, while for the first ten months of 2024, it generated a revenue of 276 million yuan and a profit of 38.58 million yuan [2]. - Guocheng Mining achieved a revenue of 1.379 billion yuan in the first three quarters of this year, representing a year-on-year growth of 68.42%, with a net profit of 52 million yuan [3]. Group 3: Strategic Implications - The acquisition of at least 60% of Guocheng Industrial by Guocheng Mining will allow it to control a large molybdenum resource, diversifying its product offerings beyond zinc, lead, and copper concentrates [8]. - The company aims to enhance its sustainable development capabilities and profitability, providing stable returns to investors [5]. - Guocheng Industrial is a large molybdenum mining company with verified reserves exceeding 144,800 tons, and plans to increase its production capacity from 5 million tons per year to 8 million tons [10].