登录新浪财经APP 搜索【信披】查看更多考评等级 证券简称：新金路 证券代码：000510 编号：临2025-65号 统一社会信用代码：91330482MAK37YJU3C 四川新金路集团股份有限公司 关于子公司广西有色栗木矿业有限公司 增资扩股的公告 本公司及董事局全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏 一、增资情况概述 （一）四川新金路集团股份有限公司（以下简称"公司"）子公司广西有色栗木矿业有限公司（以下简 称"栗木矿业"或"标的公司"）为推进采矿、选矿、冶炼项目工程建设，近日与嘉兴颉岑恒艮企业管理合 伙企业(有限合伙)、上海胤胜资产管理有限公司、海南中京兴投投资合伙企业（有限合伙）、海南睿泽 长盈投资合伙企业（有限合伙）签署了《广西有色栗木矿业有限公司之增资扩股协议》（以下简称"增 资扩股协议"或"本协议"），各方同意基于新兰特房地产资产评估有限公司出具的《广西有色栗木矿业 有限公司拟增资扩股涉及的广西有色栗木矿业有限公司股东全部权益价值项目资产评估报告》，按照人 民币1.1130元/注册资本的价格对栗木矿业进行增资，本次增资完成后栗木矿业的注册资本将由增资前 ...

智通财经APP获悉，巴西稀土、钛及石墨矿项目开发商Atlas Critical Minerals(ATCX.US)于周一向美国证 券交易委员会(SEC)提交修订文件，披露其已完成股票反向分拆，并同步更新了新股发行条款。该公司 目前在场外交易市场挂牌，股票代码为JUPGD。 据了解，Atlas Critical Minerals专注于巴西境内关键矿产资源项目的开发，其资产组合覆盖多类矿产资 源：在戈亚斯州和米纳斯吉拉斯州布局稀土及钛矿勘探项目，在米纳斯吉拉斯州拥有石墨矿权，在戈亚 斯州和皮奥伊州持有铜镍矿资源开发权益，并在巴西六个州拥有铀矿勘探区域。此外，公司还坐拥铁 矿、金矿及石英岩矿资产，旗下铁矿业务预计于2025年底恢复运营。 这家总部位于巴西贝洛奥里藏特的矿产企业，计划以每股9-11美元的价格发行80万股股票，预计募资总 额达800万美元。对比此前公布的发行方案，公司原计划以每股7-9美元的价格发行100万股，募资规模 同样为800万美元;经股票反向分拆调整后，原IPO条款相当于以每股16.80-21.60美元发行40万股。按照 修订后发行价区间的中位数计算，Atlas Critical Mineral ...

Core Points - The company reported a significant decrease in copper production, with 44,024 tons produced for the nine months ending September 30, 2025, down approximately 67% from 47,183 tons in the same period of 2024 due to unstable electricity supply in the Democratic Republic of Congo [1] - Cobalt production also saw a drastic decline, with only 71 tons produced, a decrease of about 90.3% compared to 735 tons in the previous year [1] - The company has initiated the Musonoi project, which has started production and is now the third operational mine in the Democratic Republic of Congo, boasting significant copper and cobalt reserves [2] - The company's shares remain suspended from trading [3] Production and Sales Summary - Copper sales amounted to 41,971 tons, a slight increase of 1.5% from 41,368 tons in the same period of 2024 [1] - The company did not sell any cobalt during this period due to low production and an export ban implemented in February 2025, compared to 1,318 tons sold in the same period of 2024 [1] - The company has taken measures to address the electricity supply issues by installing additional diesel generators, and the SX-EW system resumed operations in mid-May 2025 [1]

Core Viewpoint - *ST Zhengping announced a stock suspension for verification due to a significant price increase of 221.93% from September 1, 2025, to November 18, 2025, which deviates severely from its fundamentals [3][6]. Group 1: Stock Performance - The stock price of *ST Zhengping reached 8.66 yuan per share as of November 18, 2025, with a total market capitalization of 6.1 billion yuan [10]. - The stock has experienced a substantial increase, with a maximum rise of 230.53% and a maximum drawdown of 11.85% during the observed period [5]. - Despite frequent risk warning announcements since September, market speculation around the stock has remained high [4]. Group 2: Financial Performance - In 2024, *ST Zhengping reported total revenue of 1.362 billion yuan and a net loss attributable to shareholders of 484 million yuan [8]. - For the first three quarters of 2025, the company achieved a total revenue of 652 million yuan, with a net loss of 99 million yuan [8]. - The company has faced continuous losses, with a significant decline in revenue compared to previous years [9]. Group 3: Business Operations and Risks - *ST Zhengping operates in three main sectors: infrastructure construction, cultural tourism, and non-ferrous metal mining, while transitioning towards intelligent computing services and renewable energy [8]. - The company faces risks of delisting due to an inability to provide a clear audit opinion for its 2024 annual report and ongoing issues with internal controls [8]. - There are uncertainties regarding the company's ability to develop its mining resources due to insufficient funding and operational capacity [9].

Core Insights - Gansu Province has discovered a large magnesium dolomite mine with a total resource volume of 700 million tons, marking a significant breakthrough in mineral exploration in the region [2] Summary by Categories Mineral Discovery - The mine is located in the Kongtong District of Pingliang City, Gansu Province, specifically in the Zhuanmatai area [2] - The mineral body is found in the Middle Proterozoic Jixian System Wangquankou Formation shallow marine carbonate rock strata, identified as high-quality magnesium dolomite [2] Mining Characteristics - The mine features several advantageous characteristics: it is large in scale, has shallow burial depth, gentle dip, and stable thickness, making it suitable for open-pit mining [2] Resource Utilization - The estimated amount of dolomite ore for magnesium smelting exceeds 700 million tons, with an additional 300 million tons of dolomite available for construction use [2] - This dolomite mine serves as an important raw material for magnesium metallurgy and has significant potential for use in refractory materials, metallurgical flux, glass, and ceramics industries [2]

Core Insights - Gansu Province's Pingliang City has discovered a large magnesium dolomite deposit with a total resource volume of 700 million tons, marking a significant breakthrough in mineral exploration in the region [1] Group 1: Mineral Discovery - The magnesium dolomite deposit is located in the Zhuangmatai area of Kongtong District and is found within the Middle Proterozoic Jixian System Wangquankou Formation shallow marine carbonate rock strata [1] - The deposit is characterized by its large scale, shallow burial, gentle dip, and stable thickness, making it advantageous for open-pit mining [1] Group 2: Resource Estimation - The estimated amount of dolomite ore for magnesium smelting within the open-pit mining boundary exceeds 700 million tons, with an additional 300 million tons of dolomite available for construction use [1] Group 3: Industrial Applications - The dolomite deposit serves as an important raw material for magnesium metal smelting and has significant potential for use in refractory materials, metallurgical flux, glass, and ceramics industries [1]

Core Viewpoint - The company reported a strong rebound in Q3 performance, indicating potential improvement for the full year. In the first three quarters of 2025, the company achieved operating revenue of 728 million yuan, a year-on-year increase of 11.42%, while net profit attributable to shareholders was 106 million yuan, a year-on-year decrease of 31.40% [2] Group 1: Q3 Performance - The Q3 single-quarter performance showed significant growth, with operating revenue reaching 283 million yuan, a year-on-year increase of 134.20%, and net profit attributable to shareholders of 56 million yuan, a year-on-year increase of 196.29% [2] - The substantial growth in Q3 was primarily driven by the reversal of accounts receivable impairment and accelerated revenue recognition, effectively reversing the negative growth trend observed in the first half of the year [2] Group 2: Traditional Water Business - The company is steadily advancing its traditional water treatment projects, which serve as a performance "safety cushion." By the end of the reporting period, inventory increased to 303 million yuan, mainly due to the rise in unfinished projects [2] - Contract assets rose to 51 million yuan, reflecting an increase in completed but unsettled assets, indicating ongoing project execution [2] - The company plans to raise 1 billion yuan through a targeted stock issuance to enhance water supply capacity in Kashgar and support wastewater treatment plant construction, solidifying its market position in the water sector [2] Group 3: Mineral Resource Development - The company is strategically focusing on mineral resource development, having obtained exploration rights for multiple mineral resources in Xinjiang, including copper and lithium [3] - The company has identified several promising mineral points, which provide a solid foundation for future resource development [3] - R&D investment reached 45.79 million yuan in the first three quarters of 2025, a significant year-on-year increase of 142.03%, driven by the establishment of a lithium extraction research base in Tibet [3] Group 4: Profit Forecast - The company is expected to achieve operating revenues of 1.131 billion yuan, 1.335 billion yuan, and 1.590 billion yuan for 2025-2027, with year-on-year growth rates of 8.66%, 18.08%, and 19.09% respectively [4] - Net profit attributable to shareholders is projected to be 144 million yuan, 230 million yuan, and 289 million yuan for the same period, with growth rates of 7.75%, 60.10%, and 25.56% respectively [4] - Based on the closing price on October 27, 2025, the corresponding PE ratios are expected to be 41.73, 26.06, and 20.76, with EPS of 0.35, 0.56, and 0.71 yuan [4]

Core Viewpoint - *ST Zhengping's stock has experienced a significant increase of 107.81% from September 1, 2025, to October 22, 2025, with 17 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Group 1: Company Developments - The company's wholly-owned subsidiary, Golmud Shengguang Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Natural Resources Department [1] - The company faces challenges in mining capacity, requiring substantial investment for future resource development and operations [1] Group 2: Financial Condition - As of June 30, 2025, the company's monetary funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as migrant workers' account deposits and litigation freezes [1] - The company's asset-liability ratio stands at 92.22%, indicating a high level of financial leverage [1] Group 3: Uncertainties and Risks - The future progress of mineral resource development and the potential for generating revenue are subject to significant uncertainties due to multiple factors, including funding constraints, market conditions, industry policies, external environments, and personnel shortages [1]

Core Viewpoint - Cangge Lithium Industry has officially resumed production as of October 11, 2025, with a revised annual production and sales plan of 8,510 tons, down from the original 11,000 tons, reflecting a reduction of 2,490 tons [1] Group 1: Company Performance - Cangge Mining reported a revenue of 2.401 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 3.35%, and a net profit attributable to shareholders of 2.751 billion yuan, up 47.26% year-on-year [2] - The significant profit increase is primarily due to investment income from its stake in Jilong Copper Industry, which reported a copper production of 142,500 tons and revenue of 11.821 billion yuan for the same period [3] Group 2: Strategic Developments - Cangge Mining's future growth will rely on the synergistic development of its three main business segments: potassium fertilizer, copper resources, and lithium resources from salt lakes [1][6] - The company holds a 30.78% stake in Jilong Copper Industry, which is a major contributor to its profits, and plans to continue supporting Jilong's operational development [4][5] Group 3: Investment Activities - Cangge Mining announced plans to invest up to 659 million yuan in the Jiangsu Zangqing New Energy Industry Development Fund, which focuses on equity investments in salt lake lithium mining companies [8] - The first investment target of the Jiangsu Zangqing Fund is the acquisition of controlling interest in the Mami Cuo Salt Lake, which has proven lithium chloride resources of approximately 250.11 thousand tons [9][10]

Core Insights - Almonty Industries Inc. (ALM) shares experienced an 11.5% increase, closing at $8.64, with a notable trading volume, contributing to a 73.8% gain over the past four weeks [1] Company Developments - Almonty has filed a legal application against Pure Tungsten Inc. in the Ontario Superior Court, claiming that misleading statements from Pure Tungsten threaten market integrity and shareholder interests [2] - A large-scale drilling program commenced at the Sangdong Molybdenum Project in South Korea to confirm molybdenum reserves, addressing a local shortage [3] - The Sangdong mine is one of the largest tungsten deposits globally, with Phase I production expected to start this year, targeting a throughput capacity of 640,000 tons of tungsten ore annually [5] Industry Context - Tungsten is critical for various applications due to its hardness and high melting point, with China controlling approximately 82% of global production, highlighting the urgency for alternative production sources [4] - The expected construction completion of Phase II of the Sangdong project by 2026 aims to increase throughput to 1.2 million tons of tungsten ore per year [5] Financial Expectations - Almonty is projected to report quarterly earnings of $0.00 per share, reflecting a 100% year-over-year change, with revenues anticipated at $17.33 million, a 248% increase from the previous year [6] - The consensus EPS estimate for Almonty has remained stable over the last 30 days, indicating that stock price movements may be influenced by earnings estimate trends [7]