Zheng Quan Shi Bao Wang·2025-12-30 10:42Core Viewpoint - Jiangxi Copper (600362) has announced the renewal of its financing lease cooperation framework agreement with Shenzhen Jiangcopper Financing Leasing Co., Ltd., effective from January 1, 2026, to December 31, 2028, to maintain a long-term stable financing lease relationship [1] Group 1: Agreement Details - The new agreement sets an annual cap on financing lease payments at 1.9 billion yuan for Jiangxi Copper and its subsidiaries [1] - The previous financing lease agreement is set to expire on December 31, 2025, and the renewal is based on actual transaction conditions from 2023 to 2025 [1] - Shenzhen Leasing is a subsidiary of Jiangxi Copper Group, which holds 45.72% of Jiangxi Copper's shares, thus constituting a related party transaction [1] Group 2: Financial Performance of Shenzhen Leasing - As of the end of 2024, Shenzhen Leasing reported total assets of 10.115 billion yuan and net assets of 2.819 billion yuan, with an annual revenue of 2.789 billion yuan and a net profit of 166 million yuan [2] - By November 30, 2025, its unaudited total assets were 6.791 billion yuan, net assets increased to 2.909 billion yuan, and revenue from January to November 2025 reached 4.244 billion yuan with a net profit of 108 million yuan [2] Group 3: Cooperation Model - The agreement outlines two main service models: direct leasing and sale-leaseback, allowing Jiangxi Copper to either lease equipment directly or sell and lease back assets [2] - Jiangxi Copper retains the right to choose other leasing companies, indicating that this cooperation is not exclusive [2] Group 4: Benefits of the Agreement - The financing lease cooperation is expected to broaden Jiangxi Copper's financing channels, reduce investment risks, and alleviate financial pressure [3] - The agreement aims to enhance asset liquidity, optimize asset structure, and promote the rational allocation and full utilization of existing assets, thereby improving overall efficiency [3] - The terms of the agreement are based on commercial principles, deemed fair and reasonable, and align with the interests of the company and all shareholders [3]