CTM(SH:600711) Zheng Quan Shi Bao·2025-11-12 18:32Group 1 - Company plans to establish a wholly-owned subsidiary, Shengtun Gold Holdings, through its Hong Kong subsidiary, Hongsheng International Resources, with an investment of $19.995 million [1] - The investment will increase Shengtun Gold Holdings' stake in Shengtun Gold International to 99.975% [1] - The capital increase aligns with the company's strategic goal of promoting international development and enhancing returns for shareholders [1] Group 2 - Shengtun Mining reported a Q3 revenue of 7.913 billion yuan, a year-on-year increase of 26.74%, and a net profit of 649 million yuan, up 11.32% [2] - For the first three quarters, the company achieved a revenue of 21.717 billion yuan, a 22.99% increase, and a net profit of 1.702 billion yuan, with a minimal growth of 0.06% [2] - The increase in performance is attributed to higher production and sales of copper products, along with rising copper prices [2] Group 3 - The company is actively expanding its overseas resource portfolio, including a recent announcement to acquire all issued and outstanding shares of Canadian Loncor for approximately 261 million Canadian dollars, equivalent to about $190 million [2] - The acquisition will enable the company to indirectly hold 100% of Loncor's equity [2]