SHRC(SH:600392) Sou Hu Cai Jing·2025-09-06 17:40Summary of Key Points Core Viewpoint - Shenghe Resources (600392) experienced a significant stock price decline of 15.81% this week, closing at 22.9 yuan as of September 5, 2025, after reaching a nearly one-year high of 27.66 yuan on September 1, 2025 [1]. Shareholder Changes - As of August 29, 2025, the number of shareholders for Shenghe Resources reached 233,700, an increase of 80,200 shareholders or 52.22% since June 30, 2025 [1][3]. - The average number of shares held per shareholder decreased from 11,400 shares to 7,500 shares, with the average market value of shares held being 204,000 yuan [1]. Company Announcements - Shenghe Resources announced an adjustment in the acquisition price for Peak Rare Earths Limited from 158 million AUD (approximately 742.6 million yuan) to 195 million AUD (approximately 916.5 million yuan) due to a significant increase in domestic and international rare earth market prices [1][3]. - The implementation entity for the acquisition has changed from Ganzhou Chenguang Rare Earth New Materials Co., Ltd. to Shenghe Resources (Singapore) Co., Ltd., with the acquisition to be funded using its own overseas capital [1]. - The transaction has received approval from the Tanzania Mining Commission but still requires approval from the Tanzania Fair Competition Commission, the shareholders' meeting of Peak, and the Australian court; failure to obtain timely approvals may result in the termination of the transaction [1].