Core Insights - Nanchang Mining Machinery Group Co., Ltd. (referred to as "Nanchang Mining Group") has signed a ten-year operation and maintenance contract worth approximately RMB 96 million with a mining company in Hunan through its wholly-owned subsidiary, Jiangxi Xinkuang Zhihui Engineering Technology Co., Ltd. (referred to as "Xinkuang Zhihui") [1] - This contract marks a significant step in Nanchang Mining Group's strategic transformation from a traditional equipment manufacturer to a comprehensive solution provider combining "equipment manufacturing + services" [1][3] Group 1 - Xinkuang Zhihui has established a global service network and a 7×24 hour rapid response mechanism, focusing on customer needs and providing personalized spare parts solutions and precise maintenance services [2] - The company has successfully implemented its services in various projects, including a large iron mine in Sichuan, where its liners were used in a well-known imported brand's cone crusher, achieving stable operation for 11 months with performance exceeding expectations [2] - In a multi-metal mining project in Chenzhou, Hunan, Xinkuang Zhihui customized a maintenance plan that significantly extended the lifespan of key components and improved equipment output, achieving a stable production rate of 350-400 tons per hour [2] Group 2 - The signing and execution of the contract are expected to effectively increase Nanchang Mining Group's main business revenue and significantly enhance its brand influence and business scale in the metal mining operation and maintenance service market [3] - This development injects strong momentum into the deepening and long-term growth of the company's "equipment manufacturing + services" strategy [3]

Group 1 - The core point of the article is that Nanjing Mining Group has signed a ten-year operation and maintenance contract for a molybdenum crushing production line with Hunan Xinkuang Mining Group, which is expected to generate a total service fee of 96 million yuan [1] - The contract will positively impact the company's future annual operating income and profit, aligning with its strategic shift from traditional equipment manufacturing to a "manufacturing + service" model [1] - The subsidiary, Jiangxi Xinkuang Zhihui Engineering Technology Co., has the necessary operational capabilities and resources to fulfill the contract, which is part of the company's daily business activities [1] Group 2 - For the year 2024, Nanjing Mining Group's revenue composition is 99.37% from manufacturing and 0.63% from other businesses [2] - The company's market capitalization is currently 2.9 billion yuan [3]

Contract Overview - The company signed a contract with Hunan Xinkuang Mining Group for operational services of a molybdenum crushing production line, with a total service fee of approximately 96 million yuan over a ten-year period [1][2][3] - The contract is classified as a routine operational contract and does not require board or shareholder approval [2] Counterparty Information - Hunan Xinkuang Mining Group is primarily engaged in non-ferrous metal mining and processing, with a good credit standing and performance capability [2][3] Contract Details - The contract specifies that the service will commence upon the production line's official launch and includes a 6% VAT invoice [2][3] - Disputes arising from the contract will be resolved through friendly negotiation or submitted to the Nanchang People's Court if necessary [2] Impact on the Company - The execution of this contract is expected to positively influence the company's future operating revenue and profit, aligning with its strategic shift towards a "manufacturing + service" model [3][4] - The contract will enhance the company's market presence and business scale in the metal mining crushing production line operational services sector [3][4]