中金岭南拟7.42亿全资控股中金铜业 创新驱动近三年研发费累超12.6亿

Core Viewpoint - Company Zhongjin Lingnan is enhancing its control over the copper smelting sector through a cash acquisition of minority shareholder equity, aiming for 100% ownership of Zhongjin Copper Industry [1][2][3] Group 1: Acquisition Details - The company plans to use its own funds of 742 million yuan to acquire minority shareholder equity, achieving full control over Zhongjin Copper Industry [1][2] - The acquisition is part of a strategic move initiated in 2023 to enter the core copper smelting sector through the bankruptcy reorganization of related enterprises [2] - The acquisition will occur in two phases, with the first phase involving the purchase of 4.2095% and 10.3333% equity from China Cinda and Zhongjin Rongsheng, respectively [2] Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 48.51 billion yuan, an increase of 11.81% year-on-year, and a net profit attributable to shareholders of 841 million yuan, up 5.18% [1][4] - The company has shown steady revenue growth over the past five years, with revenues nearly doubling from 30.25 billion yuan in 2020 to 65.65 billion yuan in 2024 [4] - As of September 30, 2025, total assets reached 50.48 billion yuan, marking a 10.13% increase from the end of 2024 [5] Group 3: Innovation and R&D - The company has significantly increased its R&D investment, with cumulative R&D expenses reaching 1.266 billion yuan over the past three years [1][5] - As of mid-2025, Zhongjin Lingnan holds a total of 527 patents, including 198 invention patents, and has been involved in numerous national and provincial key technology projects [5] Group 4: Market Position and Strategy - Zhongjin Lingnan operates as a comprehensive player in the non-ferrous metal industry, with core businesses in lead, zinc, and copper mining, smelting, and processing [4] - The company’s diversified product matrix, including precious metals and rare metals, helps mitigate risks associated with price fluctuations of individual products [5] - The acquisition aligns with the company's "one body, two wings" development strategy, aimed at enhancing management efficiency and resource allocation [3]