JCHX(SH:603979) Chang Jiang Shang Bao·2025-05-12 00:38Core Viewpoint - Jinchengxin (603979.SH) is intensifying its overseas mining layout by acquiring a 5% stake in Colombia's CMH company and investing $231 million in the Alacran copper-gold-silver mine project [2][3][5]. Group 1: Acquisition and Investment - The company plans to acquire an additional 5% stake in CMH for $10 million, with potential additional payments of $4.4 million or $15.4 million, aiming to gain control over the San Matias project, which includes the Alacran mine [3][4]. - Jinchengxin will invest approximately $231 million in the construction of the Alacran open-pit mining project, contingent upon completing the acquisition of CMH [3][4]. Group 2: Business Performance - Jinchengxin has shown consistent growth in revenue and net profit from 2017 to 2024, with revenue increasing from 2.44 billion yuan in 2017 to 9.94 billion yuan in 2024, a growth of approximately 307% [6][7]. - The net profit also saw significant growth, rising from 205 million yuan in 2017 to 1.584 billion yuan in 2024, an increase of over 600% [6][7]. - In Q1 2025, the company reported revenue of 2.811 billion yuan, a year-on-year increase of 42.49%, and a net profit of 422 million yuan, up 54.10% [7]. Group 3: Resource Development and R&D - The company has expanded its resource projects to five across four countries, focusing on copper, silver, gold, and phosphate production [5][6]. - Jinchengxin's resource sales revenue reached 3.209 billion yuan in 2024, a staggering increase of 412.85% year-on-year, contributing to 32.28% of total revenue [8]. - The company has invested 450 million yuan in R&D over the past five years, maintaining a leading position in geological exploration technology [8][9].