GuoCheng Mining(SZ:000688) Quan Jing Wang·2025-11-10 03:23Core Viewpoint - Guocheng Mining (000688) plans to acquire 60% equity of Inner Mongolia Guocheng Industrial Co., Ltd. from its controlling shareholder for 3.168 billion yuan, aiming to enhance its strategic layout in high-quality molybdenum resources, which will significantly improve the company's profitability post-transaction [1][2]. Financial Impact - The transaction is expected to double the company's operating revenue, with net profit attributable to shareholders turning profitable in 2024. By the first half of 2025, net profit is projected to increase from 521 million yuan to 766 million yuan, representing a 50% growth compared to pre-transaction levels [1]. - Guocheng Industrial commits to a cumulative net profit of no less than 1.725 billion yuan from 2025 to 2027, and 2.368 billion yuan from 2025 to 2028 if the transaction is completed in 2026, providing a solid guarantee for the company's performance growth [2]. Industry Context - The molybdenum market is experiencing strong price performance, which will enhance the overall valuation of mining assets. Molybdenum is a strategic metal widely used in key sectors such as steel, defense, aerospace, and new energy, aligning with national industrial policy [1]. - The non-ferrous metal mining industry in China has seen a significant increase in prosperity this year, indicating a recovery point for the upstream resource sector, making the timing of Guocheng Mining's strategic layout optimization appropriate [2]. Market Reaction - Following the announcement, Guocheng Mining's stock price surged to a limit-up, reaching 20.92 yuan per share [3].