粤桂股份：子公司晶源矿业竞得采矿权

Core Viewpoint - Company Jingyuan Mining, a wholly-owned subsidiary of Yuegui Co., successfully acquired mining rights for the Lianzhou anti-backwash quartzite mine through a public auction, indicating a strategic move towards sustainable development and resource acquisition [1] Group 1: Auction Details - The auction took place on September 24, 2025, with a bid of 222 million yuan [1] - The resource reserve of the mining area is 18.163 million cubic meters, primarily consisting of glass-grade quartz [1] - The mining method is open-pit, with an annual production capacity of 2.6 million tons and a concession period of 20 years [1] Group 2: Financial Implications - The funding for the auction will come from Jingyuan Mining's own funds and bank loans [1] - The acquisition aligns with the company's overall strategic development plan and is expected to support sustainable growth without negatively impacting the company's financial and operational status [1]