Core Viewpoint - Gao Peng Mining (stock code: 2212) announced a financing plan through the placement of new shares, aiming to raise approximately HKD 28.02 million, with net proceeds expected to be around HKD 27.32 million after expenses [1] Group 1: Financing Details - The company plans to issue 210,651,840 shares (approximately 21 million shares) at a placement price of HKD 0.133, which represents a discount of about 19.39% compared to the previous trading day's closing price of HKD 0.165 [1] - The placement price also reflects a discount of approximately 12.50% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for about 20.0% of the existing issued share capital and approximately 16.7% of the enlarged share capital after completion [1] Group 2: Use of Proceeds - Approximately HKD 10 million of the raised funds will be allocated for capital expenditures related to the Yiduo Rock project [1] - About HKD 17.32 million will be used for general working capital of the group [1] Group 3: Company Overview - Gao Peng Mining is an investment holding company primarily engaged in the excavation and sale of marble blocks, production and sale of marble-related products, mineral commodity trading, and coal trading [1] - The issuance is conducted under a general mandate granted by the shareholders' meeting and is expected to be completed within four business days after the conditions are met [1]

Company Overview - Gaopeng Mining Holdings Limited (stock code: 2212) is a marble mining company focused on the development of the Yiduoyan project, located in Hubei Province, China [2] - The Yiduoyan project has an estimated resource volume of approximately 10.7 million cubic meters and an estimated reserve of about 0.91 million cubic meters, according to JORC standards [2] - The company commenced limited commercial production in September 2014, with marble blocks being its main product [2] Financial Performance - As of December 31, 2024, Gaopeng Mining reported total operating revenue of 96.359 million yuan, representing a year-on-year increase of 23.95% [1] - The net profit attributable to shareholders was -18.848 million yuan, showing a year-on-year increase of 3.86% [1] - The gross profit margin stood at 3.12%, while the debt-to-asset ratio was 70.4% [1] Market Performance - On August 18, the Hang Seng Index fell by 0.37%, closing at 25,176.85 points [1] - Gaopeng Mining's stock price closed at 0.14 HKD per share, marking a 40.0% increase with a trading volume of 1.64 million shares and a turnover of 206,100 HKD, with a volatility of 42.0% [1] - Over the past month, Gaopeng Mining has experienced a cumulative decline of 20%, and a year-to-date decline of 22.48%, underperforming the Hang Seng Index, which has risen by 25.97% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the general metals and minerals industry (TTM) is -2.41 times, with a median of -0.13 times [1] - Gaopeng Mining's P/E ratio is -5.17 times, ranking 51st in the industry [1] - Comparatively, other companies in the industry have the following P/E ratios: Kangli International Holdings (2.27), Aide New Energy (2.68), Huagang United (2.98), Xinghe Holdings (3.03), and Xingye Alloy (3.42) [1]