JINLU GROUP(SZ:000510) Shang Hai Zheng Quan Bao·2025-12-29 21:06Overview - The core point of the announcement is that Sichuan Xinjin Road Group Co., Ltd. is proceeding with a capital increase for its subsidiary, Guangxi Youse Limu Mining Co., Ltd., to support mining, ore dressing, and smelting project construction [1][2]. Capital Increase Details - Guangxi Youse Limu Mining Co., Ltd. will increase its registered capital from 328.75 million RMB to 539.891061 million RMB at a price of 1.1130 RMB per registered capital [1][2]. - The capital increase agreement was signed with four investment firms, and the existing controlling subsidiary, Guangxi Xinjin Road Mining Co., Ltd., waived its preemptive subscription rights [1][2]. Financial Assessment - The total equity value of Guangxi Youse Limu Mining Co., Ltd. was assessed at 365.8842 million RMB, with a valuation increase rate of 164.66% based on the report from Xinlant Real Estate Appraisal Co., Ltd. [10][26]. - The capital increase is based on the pre-investment valuation of 365.8842 million RMB, ensuring that the pricing is fair and reasonable [10][26]. Investment Purpose and Impact - The capital increase aims to meet the funding needs for the construction of mining, ore dressing, and smelting projects, ensuring timely project advancement and production efficiency [26]. - This move is a key step in accelerating the company's business transformation and enhancing its core competitiveness and sustainable development capabilities [26]. Company and Project Background - Guangxi Youse Limu Mining Co., Ltd. was established on December 29, 2004, with a registered capital of 328.75 million RMB, focusing on the mining and processing of various non-ferrous metals [7][30]. - The company is planning to implement a series of projects, including a 600,000 tons/year mining renovation project and a 1.5 million tons/year ore dressing project, with a total estimated investment of 495.7438 million RMB for the first phase [29][51].