金石资源砸2.57亿元押注精细氟化工，未设业绩对赌

Core Viewpoint - Jinshi Resources plans to acquire a 15.7147% stake in Noah Fluorine Chemical for a cash consideration of 257 million yuan, aiming to leverage its upstream fluorite mining and fluorochemical products to expand into the high-growth fine fluorochemical sector [1][2]. Group 1: Acquisition Details - The acquisition involves purchasing shares from six shareholders of Noah Fluorine Chemical, with the company set to become the second-largest shareholder, holding a stake just 0.1415% less than the largest shareholder [2]. - The transaction does not constitute a related party transaction or a major asset restructuring [2][3]. - Noah Fluorine Chemical specializes in the research, manufacturing, and sales of fluorinated electronic chemicals, with key products including fluorinated cooling liquids and high-end electronic cleaning agents [2]. Group 2: Financial Performance - For the period from January to October 2025, Noah Fluorine Chemical reported revenues of 510 million yuan and a net profit of 64.13 million yuan [2]. - Jinshi Resources has experienced significant revenue growth in recent years, with a 50.73% year-on-year increase in revenue to 2.758 billion yuan in the first three quarters of 2025, although net profit declined by 5.88% [4]. - The company has shown a trend of "increasing revenue without increasing profit," with a reported revenue of 2.752 billion yuan in 2024, up 45.17% year-on-year, while net profit fell by 26.33% [4]. Group 3: Market Reaction - As of the report date, Jinshi Resources' stock price increased by 0.33%, trading at 18.33 yuan per share, with a total market capitalization of 15.428 billion yuan [5].