Zhong Guo Ji Jin Bao·2026-01-28 14:43Core Viewpoint - Hainan Mining is planning to acquire control of Fengrui Fluorine Industry through a combination of share issuance and cash payment, leading to a significant increase in its stock price prior to the trading suspension [1]. Group 1: Acquisition Details - Hainan Mining announced on January 28 that it is in the process of acquiring control of Luoyang Fengrui Fluorine Industry Co., Ltd. and will raise supporting funds for this transaction [1]. - The stock of Hainan Mining will be suspended from trading starting January 29, with an expected suspension period of no more than 10 trading days [1]. - The transaction is still in the planning stage, with a preliminary agreement signed with potential sellers, including Wang Zhongxi, Wang Chen, and Shanghai Baidi Investment Management Co., Ltd. [1]. Group 2: Fengrui Fluorine Industry Overview - Fengrui Fluorine Industry specializes in the mining and production of fluorite and related chemical products, holding mining rights for 8 fluorite mines in Henan with a total ore resource of 13.54 million tons [1]. - The company has a mining capacity of 645,000 tons per year and plans to produce 718,000 tons of ore in 2024, with main products including fluorite block ore and fluorite powder [1]. - Fengrui Fluorine Industry operates a production line with an annual capacity of 30,000 tons for anhydrous hydrofluoric acid [1]. Group 3: Financial Performance - In 2024 and the first half of 2025, Fengrui Fluorine Industry is projected to achieve net profits of 165 million yuan and 74.8 million yuan, respectively [2]. - The actual controller has committed to a cumulative net profit of no less than 600 million yuan during the performance commitment period [2]. Group 4: Market Reaction - As of January 28, Hainan Mining's stock closed at 12.61 yuan, reflecting an increase of 0.89 yuan, or 7.59% [4].