Core Viewpoint - Nepean Mining (300818.SZ) plans to enhance its overseas market presence by issuing convertible bonds totaling up to 450 million yuan, primarily for a new materials mining wear parts manufacturing project in Peru and to supplement working capital [1][2]. Group 1: Financial Performance - In 2024, the company expects to achieve a revenue of 1.122 billion yuan, marking a historical high, with a year-on-year growth of 19.62% [1][6]. - The net profit attributable to the parent company is projected to increase by 45.46% to 116 million yuan, reversing a two-year decline [1][6]. - The company's revenue has fluctuated from 368 million yuan in 2020 to 938 million yuan in 2023, with significant growth in 2021 due to the Eerdenet project [6]. Group 2: Investment and Project Details - The proposed issuance of convertible bonds includes 325 million yuan allocated for the Peru project and 125 million yuan for working capital [2]. - If the bond issuance is successful, the total funds raised by the company will reach 1.22 billion yuan [4]. Group 3: Market Expansion and Strategy - The company is focusing on large-scale modern non-ferrous and ferrous metal mining enterprises, with a strong emphasis on international markets, particularly in resource-rich regions like South America and Africa [2]. - Nepean Mining has successfully expanded its global footprint, selling products directly to countries such as Mongolia, Chile, Kazakhstan, and Peru [2]. Group 4: Revenue Composition and Profitability - In 2024, overseas revenue is expected to reach 758 million yuan, accounting for 67.61% of total revenue, an increase of 12.26 percentage points from 2023 [6]. - The company reported a gross margin of 39.93% for its manufacturing business in 2024, with rubber wear parts achieving a gross margin of 42.65% [7].

耐普矿机（300818）公告，公司拟向不特定对象发行可转换公司债券募集资金总额不超过4.5亿元，扣 除发行费用后拟用于秘鲁年产1.2万吨新材料选矿耐磨备件制造项目及补充流动资金。 ...

Group 1 - The core viewpoint of the news is that Nepe Mining Machinery is expected to achieve significant revenue and profit growth in 2024, driven by strong performance in its manufacturing business and successful overseas market expansion [1] Group 2 - Nepe Mining Machinery is projected to achieve operating revenue of 1.122 billion yuan in 2024, representing a year-on-year increase of 19.62%, and a net profit of 116 million yuan, reflecting a growth of 45.46% [1] - The main manufacturing business revenue is expected to reach 921 million yuan, with a year-on-year growth of 12.9% [1] - Revenue from rubber wear parts is anticipated to grow by 12.7% year-on-year, while revenue from mineral processing equipment is expected to decline slightly by 0.1% [1] - The gross margin for the main manufacturing business is projected to be 39.93% in 2024, an increase of 1.79% compared to the same period last year [1] Group 3 - The company has made significant progress in overseas market development, with growth rates of 125% in Africa, 77% in the Asia-Pacific and Middle East regions, and 58% in Latin America [1] - Nepe Mining Machinery has successfully developed a high-alloy forged composite liner, which has doubled its lifespan and reduced weight by 30% [1] - The sales of the composite liner are being promoted through direct visits and technical exchanges with existing customers [1] Group 4 - The decline in revenue in the fourth quarter of 2024 is primarily attributed to a decrease in orders, production capacity issues, price reductions by competitors, and a slowdown in the growth of overseas orders [1]

Group 1: Company Insights - Nipe Mining Machinery - Nipe Mining Machinery is projected to achieve revenue of 1.122 billion yuan in 2024, representing a year-on-year growth of 19.62% [1] - The net profit is expected to reach 116 million yuan, an increase of 45.46% compared to the previous year [1] - The main manufacturing business revenue is anticipated to be 921 million yuan, with a year-on-year growth of 12.9% [1] - The gross margin for the main manufacturing business is forecasted to be 39.93%, up 1.79% from the same period last year [1] - Significant growth in overseas markets includes a 125% increase in Africa, 77% in the Asia-Pacific and Middle East regions, and 58% in Latin America [1] - The company has successfully developed a high-alloy forged composite liner, which has doubled its lifespan and reduced weight by 30% [1] - A decline in revenue is expected in Q4 2024 due to reduced orders, capacity issues, competitor price cuts, and slowing growth in overseas orders [1] Group 2: Company Insights - Shenghong Co., Ltd. - Shenghong Co., Ltd. is projected to achieve approximately 3.036 billion yuan in revenue for 2024, reflecting a year-on-year increase of 14.53% [2] - The net profit is expected to be 429 million yuan, with a growth of 6.49% year-on-year [2] - Revenue from the industrial power supply business is estimated at 603 million yuan, up 13.11%, with a gross margin of 54.23% [2] - The revenue from new energy power conversion equipment is expected to decline by 5.80% to 857 million yuan, with a gross margin of 29.64% [2] - The electric vehicle charging and swapping equipment revenue is projected to grow by 43.04% to 1.216 billion yuan, with a gross margin of 38.15% [2] - The company has minimal impact from U.S. tariffs, with direct exports to the U.S. accounting for only 1-2% of revenue [2] - The company is expanding its overseas market presence, particularly in Europe and Asia, while facing increased competition in the battery testing and formation equipment sector [2]

Core Viewpoint - The company reported strong revenue and profit growth for 2024, with a focus on cost control and overseas market expansion [3][4][5] Financial Performance - In 2024, the company achieved revenue of 1.12 billion, a year-on-year increase of 19.6% - The net profit attributable to shareholders was 120 million, up 45.5% year-on-year - The net profit excluding non-recurring items was 110 million, reflecting a 40.0% year-on-year growth - The gross profit margin was 37.4%, an increase of 0.9 percentage points year-on-year, while the net profit margin was 10.4%, up 1.8 percentage points year-on-year - In Q4 2024, the company reported revenue of 200 million, a decline of 30.3% year-on-year and 31.8% quarter-on-quarter, with a net profit of -4 million, indicating a shift from profit to loss [3] Cost Control and Profitability - The company effectively managed costs, with sales, management, and R&D expense ratios at 6.9%, 13.6%, and 3.5% respectively, all showing a decrease compared to the previous year - Core business revenue from wear-resistant parts reached 760 million, with a stable growth of 12.7% in mining rubber wear-resistant parts, although the gross margin slightly decreased by 1.0 percentage points - The mining metal parts business experienced rapid growth, with revenue increasing by 53.7% and gross margin improving by 9.1 percentage points, contributing to the overall increase in sales gross margin [4] Overseas Market Expansion - The company achieved overseas revenue of 760 million, a significant increase of 46.1%, with overseas revenue accounting for 67.6% of total revenue, up 12.3 percentage points year-on-year - Orders from overseas markets showed strong growth, with Africa increasing by 125%, Asia-Pacific and Middle East by 77%, and Latin America by 58% - The construction of overseas production bases is progressing, with a factory in Zambia completed in October 2024, and facilities in Chile and Peru under development, indicating a commitment to expanding in global mining regions [5]

General Overview - Jiangxi Naipu Mining Machinery Co., Ltd. aims to improve its corporate governance structure and clarify the responsibilities of the general manager to ensure stable and healthy development of the company [1] Appointment and Qualifications - The general manager is appointed by the board of directors and is responsible for daily operations and management, implementing board resolutions, and reporting to the board [1] - The general manager must possess rich economic and management knowledge, strong management capabilities, and relevant work experience [2] - Individuals with certain disqualifying conditions, such as administrative penalties from the China Securities Regulatory Commission (CSRC) within the last three years, are not eligible for the position [2] Powers and Responsibilities - The general manager is responsible for various tasks including organizing production management, implementing board decisions, and proposing internal management structures [3] - The general manager has the authority to decide on investments not exceeding 10% of the company's latest audited net assets and to manage daily administrative and business documents [3] - The general manager must maintain the company's assets, ensure compliance with laws and regulations, and report regularly to the board and audit committee [4] Management Meetings - The general manager's office meetings are convened to address significant management decisions and ensure scientific decision-making [5] - The general manager is responsible for recording meeting minutes and ensuring attendance of relevant senior management personnel [6] Reporting System - The general manager is required to report regularly to the board and audit committee, providing essential financial statements and operational updates [6][7] - The reporting includes balance sheets, income statements, and cash flow statements to facilitate informed decision-making by the board [7]

第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行 独立客观判断关系的董事。 独立董事应当独立履行职责，不受公司及主要股东、实际控制人等单位或 者个人的影响。 江西耐普矿机股份有限公司 独立董事工作制度 江西耐普矿机股份有限公司 第一章 总则 第一条 为完善江西耐普矿机股份有限公司(以下简称"公司")治理结构， 切实保护中小股东及利益相关者的利益，促进公司规范运作，公司根据《中华 人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以 下简称"《证券法》")、《上市公司独立董事管理办法》（以下简称"《管理办 法》"）、《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）等 有关法律、法规和规范性文件及《江西耐普矿机股份有限公司章程》(以下简称 "《公司章程》")的规定，制定本制度。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、 行政法规、中国证监会规定、证券交易所业务规则和《公司章程》的规定，认 真履行职责，在董事会中发挥参与决策、监督制衡、专业咨询作用，维护公司 整体利 ...

江西耐普矿机股份有限公司 重大事项报告制度 江西耐普矿机股份有限公司 第一章 总则 第一条 为加强江西耐普矿机股份有限公司（以下简称公司）的信息披露工 作，保证公司及时、准确、完整获取信息并履行信息披露义务，维护投资者合法 权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交 易所创业板股票上市规则》等有关法律、法规、部门规章和规范性文件以及《江 西耐普矿机股份有限公司章程》（以下简称"《公司章程》"）、《江西耐普矿 机股份有限公司信息披露管理办法》的有关规定，制定本制度。 第二条 本制度所称重大事项是指公司在经营生产活动中发生或将要发生会 影响社会公众投资者投资取向，或对公司股票及衍生品种的交易价格已经或可能 产生较大影响的尚未公开的事项。 第三条 本制度所称报告义务人包括公司董事、公司高级管理人员、各部门 负责人、公司控股股东、持有公司 5%以上股份的股东、各控股子公司负责人、 公司派驻参股子公司的董事、监事和高级管理人员以及公司各部门中重大事件的 知情人等。 第四条 本制度对报告义务人具有约束力。 第五条 公司董事会是公司重大事项的管理机构。 第六条 公司董事会办公室是董事会重大事项管 ...

江西耐普矿机股份有限公司 内幕信息保密制度 江西耐普矿机股份有限公司 第一章 总则 第一条 为规范江西耐普矿机股份有限公司（以下简称"公司"）的内幕信 息管理，加强内幕信息保密工作，根据《中华人民共和国公司法》 （以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《深圳 证券交易所创业板股票上市规则》（以下简称"《创业板股票上市规则》"）、 《上市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》等有关 法律、法规、部门规章和规范性文件以及《江西耐普矿机股份有限公司章程》 公司董事会办公室具体负责公司内幕信息的监管及信息披露工作。董事会秘书为 公司内部信息保密工作负责人。证券事务代表协助董事会秘书做好内幕信息保密 工作。 第四条 公司董事会办公室统一负责证券监管机构、证券交易所、证券公司、 律师事务所、会计师事务所、资产评估机构等中介机构及新闻媒体、股东的接待、 咨询（询问）、服务工作。 第五条 公司董事会办公室是公司唯一的信息披露机构。未经董事会批准， 董事会秘书或证券事务代表同意，公司任何部门和个人不得向外界泄露、报道、 传送有关涉及公司内幕信息及信息披露的内容。 ...

第一章 总则 第一条 为完善公司法人治理结构，规范公司选举董事的行为，维护公司中 小股东的利益，切实保障社会公众股东选择董事的权利，根据中国证监会《上市 公司治理准则》 《深圳证券交易所创业板股票上市规则》 （以下简称"《上市规则》"）、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 （以下简称"《上市公司规范指引》"）及《江西耐普矿机股份有限公司章程》 江西耐普矿机股份有限公司 累积投票实施细则 江西耐普矿机股份有限公司 （以 下简称"《公司章程》"）等有关规定，特制定本实施细则。 第二条 本实施细则所称累积投票制，是指公司股东会在选举董事时，股东 所持的每一有效表决权股份拥有与该次股东会应选董事总人数相等的投票权，股 东拥有的投票权等于该股东持有股份数与应选董事总人数的乘积，并可以集中使 用，即股东可以用所有的投票权集中投票选举一位候选董事，也可以将投票权分 散行使、投票给数位候选董事，最后按得票的多少决定当选董事。 第三条 公司股东会拟选举董事时，董事会应在召开股东会的通知中，明确 本次董事的选举采用累积投票制。 股东会以累积投票方式选举董事的，独立董事和非独立董事的表决应 ...