NAIPU MINING(SZ:300818) Xin Lang Cai Jing·2025-10-13 11:57Core Viewpoint - Jiangxi Naipu Mining Machinery Co., Ltd. is responding to the Shenzhen Stock Exchange's inquiry regarding its application for issuing convertible bonds, focusing on its new materials mining wear parts manufacturing project in Peru, which has an annual production capacity of 12,000 tons [1][2]. Group 1: Project Approval and Compliance - The company has obtained all necessary approvals from domestic regulatory authorities and is progressing with the required qualifications for overseas construction, with expectations to secure all operational permits before production starts, indicating low overall uncertainty risk [1]. - The project does not fall under restricted or prohibited categories of overseas investment as per relevant guidelines, and it does not involve any export control issues outlined in the technology export restriction catalog [2]. Group 2: Risk Management and Mitigation - The company believes its sales of mining wear parts are less affected by global economic cycles, and the political stability in the project country and main sales regions helps mitigate risks from international trade tensions [1]. - In response to potential extreme scenarios, the company has implemented measures such as establishing overseas production bases, developing domestic business, enhancing technological research, and adapting to policy changes to improve operational stability and risk resilience [1]. Group 3: Financial Projections and Market Position - The company provided detailed explanations regarding the investment amount estimation, benefit forecasts, production timelines, capacity absorption risks, product advantages, and market share enhancement rationality, all of which were deemed reasonable by intermediary institutions [2]. - The previous changes in the use of raised funds were justified as necessary and reasonable, with no significant change risks identified for the current fundraising project [2].