HBYH(SZ:000422) Zheng Quan Zhi Xing·2025-05-14 13:40Core Viewpoint - Hubei Yihua Chemical Co., Ltd. is responding to the Shenzhen Stock Exchange's inquiry regarding the evaluation of mining rights related to significant asset acquisitions, focusing on the feasibility and procedures for renewing mining licenses and the associated costs and risks [1][2][3]. Group 1: Mining Rights Evaluation - The evaluation of mining rights for the Xinjiang Zhuandong Wucaiwan open-pit coal mine is valued at 9.034 billion yuan, with a license valid until September 13, 2036 [1]. - The evaluation for the salt mine in the Hejing County of Xinjiang is valued at 67.917 million yuan, with a license valid until May 4, 2028 [1]. - The evaluation for the limestone mine in the Hami County of Xinjiang is ongoing, with specific details pending [1]. Group 2: Renewal Procedures and Feasibility - The renewal of mining rights requires submission of an application 30 days before the license expiration, with a maximum validity of 30 years for large mines [4][5]. - The process includes several stages: application submission, acceptance, review, public announcement, and certificate issuance [6]. - The company anticipates no substantial obstacles in renewing the licenses based on current regulations and practices [8][10]. Group 3: Cost Considerations - The evaluation has accounted for renewal-related costs, including mining rights transfer fees and operational costs, which are deemed reasonable [8][9]. - The estimated costs for the Xinjiang Zhuandong Wucaiwan coal mine are 96.65 yuan per ton for total costs and 88.35 yuan per ton for operating costs [15]. - The cost structure for the salt mine and limestone mine has also been detailed, with specific unit costs provided [17][19]. Group 4: Risk Management - The company has outlined measures to protect shareholder interests in case of unsuccessful license renewals, including compensation mechanisms based on ownership stakes [10][11]. - The evaluation process has been conducted in accordance with industry standards and regulatory requirements, ensuring the reliability of the assessments [21].