Core Viewpoint - Daming Mining has successfully transformed its operations into a smart mining model through the extensive application of digital and intelligent technologies, significantly enhancing safety and efficiency in mining operations [1][2][4]. Group 1: Technological Advancements - Daming Mining has implemented unmanned operations in drilling and transportation processes, reducing the risk to personnel and improving safety [2][3]. - The company has developed a comprehensive intelligent mining capability that includes geological modeling, intelligent scheduling, and remote control, marking a shift from traditional labor-intensive methods to a more precise operational model [2][3]. - The introduction of AI algorithms into the mining operation system has created a multi-dimensional intelligent protection system, enhancing safety monitoring and data analysis capabilities [4][5]. Group 2: Future Plans and Goals - By 2025, Daming Mining aims to achieve unmanned operations in hoisting and loading machinery, as well as fully automated processes in new selection plants [3]. - The company plans to realize full-process automation in mining operations and unmanned management of underground production positions by the end of 2026 [3]. - Daming Mining is focused on continuous innovation and optimization of management systems to ensure safer, more efficient, and smarter mining operations [5]. Group 3: Collaboration and Talent Development - Daming Mining has established information technology companies in Wuhan and Nanjing to cultivate talent for smart mining construction [5]. - The company collaborates with several universities to create joint laboratories for intelligent mining, achieving breakthroughs in remote control and sensor monitoring [5].

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company, Boshen Technology, is recognized as a "small giant" in the mining safety equipment and services sector, focusing on AI and special robots as new growth points [1][10] - The company achieved a revenue of 120 million yuan in 2023, with a net profit of 14.09 million yuan, a gross margin of 50.85%, and a net margin of 11.72% [1][37] - The main revenue source is the coal mine fire warning and automatic extinguishing system, while the income from inspection robots is rapidly increasing, accounting for 13% of total revenue in 2023 [1][26] Company Overview - Boshen Technology specializes in the research and development of mining safety technology, equipment manufacturing, and operational services, recognized as a national high-tech enterprise and a "small giant" [1][10] - The company was established in 2005 and has been listed on the National SME Share Transfer System since April 2016, moving to the innovation layer in June 2022 [1][10] Financial Performance - In 2023, the company experienced a revenue decline of 19.13% compared to the previous year, primarily due to decreased coal prices and reduced product demand [37] - The gross margin for the company in 2023 was 50.85%, with a net margin of 11.72% [41][38] - The company's R&D expense ratio increased significantly to 13.7% in 2023, reflecting higher investment in research and development [42] Industry Insights - The mining safety production sector is receiving increased attention from the government, with a central budget of 2.914 billion yuan allocated for coal mine safety renovations in 2024, a year-on-year increase of 1.29% [50][52] - The coal mining industry remains a crucial part of China's energy structure, with a focus on intelligent mining to enhance safety and efficiency [45][60] - The report highlights the potential for significant growth in the intelligent mining market, with a focus on upgrading existing mines to smart operations [62] Research and Development - The company holds 23 patents, including 4 invention patents, and is actively developing AI-powered inspection robots to enhance operational safety and efficiency [3][63] - The AI visual algorithm used in the inspection robots is based on advanced neural network models and is designed to accurately identify violations and equipment anomalies in mining environments [3][63]

Group 1: Company Overview - Yaan Lithium Industry was established in 2017, specializing in the production and sales of lithium hydroxide, lithium carbonate, and sodium sulfate [2] - The company has an existing lithium salt production capacity of 80,000 tons, including 50,000 tons of lithium hydroxide and 30,000 tons of lithium carbonate [2] - Yaan Lithium Industry is a national demonstration enterprise for lithium hydroxide manufacturing and a vice-chairman unit of the Lithium Industry Branch of the China Nonferrous Metals Industry Association [2] Group 2: Production Capacity and Expansion - The total lithium salt production capacity of the company is 99,000 tons, with 63,000 tons of lithium hydroxide and 36,000 tons of lithium carbonate [3] - The company is advancing the construction of a new production line expected to add 30,000 tons of lithium hydroxide capacity by the end of 2025, bringing total capacity to nearly 130,000 tons [3] Group 3: Resource Security - The company has established a resource security model combining self-sourced and externally purchased lithium [4] - It controls 68% of the Kamativi lithium mine in Zimbabwe, with an annual processing capacity of 2.3 million tons of lithium ore, equating to approximately 350,000 tons of lithium concentrate [4] - Plans are in place to expand the processing capacity to 3.3 million tons per year to enhance self-sourced lithium resources [5] Group 4: Customer Base and Market Position - The company has a strong customer base, including long-term agreements with major clients such as TESLA, LGES, and CATL [6] - A significant portion of the company's overseas customer orders contributes to its market presence [6] Group 5: Future Growth in Explosives Business - The company aims to participate in mergers and acquisitions to expand its scale in the explosives industry [7] - Plans to extend the explosives industry chain and enhance mining service capabilities in key regions of China and abroad [7] - The company is promoting electronic detonators to increase market share, maintaining a leading position in the industry for several consecutive years [7]

Investment Rating - The report does not explicitly state an investment rating for the chemical products industry or the specific company being analyzed [1]. Core Insights - The company has established a dual main business structure focusing on civil explosives and lithium industries, with over 70 wholly-owned and controlled subsidiaries across various regions including China and several countries like New Zealand and Zimbabwe [17][18]. - The lithium segment has seen significant development, with the company entering the lithium industry in 2013 and currently owning two lithium mines, ensuring a stable supply of lithium resources through various agreements [17][18]. - The civil explosives segment boasts a production capacity of over 260,000 tons for industrial explosives and nearly 90 million detonators, positioning the company as a leading player in the industry [17]. Summary by Sections 1. Company Overview - The company was founded in 1952 and has expanded through acquisitions in the civil explosives and lithium sectors, with operations in multiple countries [17]. 2. Lithium Industry Overview - The company has two lithium mines: the Sichuan Lijiagou and the high-quality Kamativi lithium mine in Zimbabwe, with production bases for lithium salt products [17][18]. - The company is expanding its lithium salt production capacity, with a projected total capacity of nearly 130,000 tons after the completion of new production lines [18]. 3. Civil Explosives Overview - The company has a comprehensive range of products in the civil explosives sector, actively participating in industry consolidation to maintain its competitive edge [17][18]. 4. Lithium Resource Layout - The company has secured lithium resources through various channels, including partnerships and long-term agreements with major clients like TESLA and LGES, ensuring a stable demand for its lithium products [19]. 5. Overseas Business Development - The company has developed a robust overseas business model, particularly in the civil explosives sector, leveraging its cost advantages and regional presence in Africa and Australia [19].

安徽省铜陵市铜官区北京西路 29 号 铜陵有色金属集团铜冠矿山建设股份有限公司 铜陵有色金属集团铜冠矿山建设股份有限公司招股说明书（申报稿） 本公司的发行申请尚未经中国证监会注册。本招股说明书申报稿不具有据以发行股票的法律 效力，投资者应当以正式公告的招股说明书全文作为投资决定的依据。 发行人及全体董事、监事、高级管理人员承诺招股说明书及其他信息披露资料不存在虚假记载、 误导性陈述或者重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 发行人控股股东、实际控制人承诺招股说明书不存在虚假记载、误导性陈述或者重大遗漏，并 对其真实性、准确性、完整性承担相应的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股说明书中财务会计资料真实、 准确、完整。 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证券交易所主 要服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风险高等特点，投资者面 临较大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因 素，审慎作出投资决定。 保荐机构（主承销商） 天风证券股份有限公司 武汉东湖新技术开发区高新 ...