Shengtun Mining Co., Ltd. (600711)

Shengtun Mining Co., Ltd. (600711)

Shengtun Mining Co., Ltd. [600711] is a stock mainly engaged in investment and management of mining and mining engineering construction.

Key points 1: the fund heavy warehouse plate, Xiamen plate, Shanghai Securities 380 plate, Shanghai Stock connect plate, mining related concept plate, non-ferrous metal plate, financing and securities trading plate.

Key point 2: business scope Investment and management of mining and mining engineering construction industry; wholesale and retail of mineral products and non-ferrous metals; spot sales of gold and silver; import and export of various commodities and technologies (not attached with import and Export Commodity Catalogue), except for commodities and technologies that are operated or prohibited by the state limited companies; information consultation; sales and services of intelligent high-tech products; acceptance of entrustment Manage assets and equity, investment and management. The company mainly deals in network intelligent equipment; R & D, production, sales and service of software, hardware and other high-tech products in financial and communication industries; personnel education and training; import and export business; investment and construction of communication network; other investments.

Key point 3: the announcement of targeted Issuance - raising 2.88 billion layout of metal industry financial services on December 10, 2014, the company plans to raise 2.88 billion yuan of funds by 6.55 yuan / share non-public offering of no more than 4396966.56 million shares. The fund raising will be used to expand the financial business of the supply chain of the metal industry, the information platform project of the financial service of the metal industry chain, etc. The company said that, in view of the large amount of financing and supply chain service demand of upstream and downstream enterprises in the metal industry chain, the financial services of the metal industry chain are facing good development opportunities. The company intends to strengthen the investment in the financial service business of the metal industry chain based on the mining and trade business of metal ore products through capital market financing, and develop the company into the leading metal industry in China Integrated provider of chain financial services.

Key 4: the additional issuance was used to purchase copper mine in December, 2010, and the company completed the non-public offering of RMB 10.22/share of 65068500 shares. The purpose of the fund raising is to acquire 72% of the shares of Yinxin mining, and meanwhile, the transferee shall receive the corresponding creditor's rights of RMB 33.71 million held by the transferor to Yinxin mining. The reserves of resources identified by Yinxin mining industry are: the total ore amount of the mine is 21244900 tons, including 17687900 tons of copper ore and 164900 tons of copper metal. It is expected that Yinxin mining will reach production in 2012, achieving the optimal production scale of 720000 tons per year. It is estimated that Yinxin mining industry has an operating income of 18498800 yuan in 2011, and the net profit attributable to the parent company is RMB 60.8785 million. According to the annual report of 2010, the ore treatment volume of Yinxin mining industry exceeded 200000 tons in 2010, with the sales revenue of RMB 112million and net profit of 45.0552 million yuan. The company strives to achieve 360000 tons of production capacity in 2011. (announced on July 13, 2011, the company continued to purchase 5% of the shares of Yinxin mining and some creditor's rights, and the business change procedures have been completed, and the proportion of shares held by Yinxin mining has been changed to 77%. )

Key point 5: the company announced on November 20, 2014 that the company intends to jointly establish Shenzhen shengtun Financial Leasing Co., Ltd. in currency with Shanghui Co., Ltd. to carry out the financial leasing business of the metal industry. The total investment of the new company is 500 million yuan, of which shengtun Mining Co., Ltd. contributes 70% and Shanghui Co., Ltd. contributes 30%. According to the introduction, many business links of the metal industry urgently need financial support, including: the mine development and construction, technical reform projects need a lot of capital investment; the metal trade enterprises need to purchase transport equipment for logistics transportation; the technical reform of metal smelting enterprises and environmental protection projects demand for capital and equipment. The financing demand of small and medium-sized enterprises in the industry is difficult to meet. Facing such a huge industrial market, there are no financial leasing service providers in the field of professional service metals in China.

Key 6: directional issuance - Asset Restructuring (adjusted in August 2012) in August 2012, the company intends to issue no more than 159707782 shares to liuquanshu and Shenzhen shengtun group in private with RMB 9.16 yuan / share, which is used to purchase 55% equity of Emma mining and 100% of Shenzhen yuanxinghua. Among them, Shenzhen yuanxinghua holds 45% equity of Emma mining, and the target transaction price is estimated to be RMB 1468581700. After the acquisition, the company holds 100% equity of Shenzhen yuanxinghua and 100% of the actual control of Emma mining. Among them, Shenzhen Yuanxing Huawei holding company does not involve specific business, only holds 45% equity of Emma mining; Emma mining mainly deals with exploration and mining and selection of non-ferrous metals, and now legally holds one mining certificate with an area of 22.127 square kilometers and a prospecting certificate with exploration area of 53.24 square kilometers, and the exploration right is distributed around the mining right. The acquisition can further expand and strengthen the main non-ferrous metal mining and selection industry, while increasing the company's main business income, while acquiring long-term mineral resources reserve, and greatly improving business development space and industry competitive position.

Key 7: in July 2011, the company has completed the industrial and commercial procedures for holding Fengchi mining a to obtain 70% equity of Fengchi mining through capital increase. As of the benchmark date of March 31st, 2011, the overall appraisal value of Fengchi mining industry was RMB 187.69 million, and the value of 70% equity was 13.38 million yuan. The trading company will pay the original shareholder compensation of RMB 111340000 (including tax), and increase capital of Fengchi mining industry by 45.4 million yuan (its registered capital will be increased from 6.6 million yuan to 22 million yuan, and the premium of 30million yuan will form its capital reserve), totaling 15674 million yuan. Fengchi mining has already met the necessary production conditions. Now, one 300 ton concentrator is built, and the production scale has reached 60000 tons / year of ore processing capacity. After 2011, the company plans to build a new concentrator according to the reserves obtained, and increase the production capacity to 200000 tons / year. From January to March 2011, Fengchi mining realized net profit of RMB 2923000.

Key 8: holding Fengchi mining B According to the report issued by relevant geological exploration departments, the total resource reserves of Fengchi mining industry are: ore volume (122b+333+334) 497112000 tons, metal quantity: 64717.16 tons of copper, 23904.45 tons of tin metal, 155.783 tons of silver metal, 237.61 tons of tungsten trioxides, 58.32 kg of gold metal, 253.15 tons of bismuth metal, 17360 tons of sulfur resources, 256.32 tons of lead metal, 253.15 tons of bismuth metal, 17360 tons of sulfur resources, 256.32 tons of lead metal, and zinc metal The volume is 6168.90 tons. Grade: the average grade of copper metal is 1.77%, the average grade of tin metal is 0.47%, the average grade of zinc is 2.24%, and the average grade of silver metal is higher than 30g / T. Through the investigation of the company, it is found that there is a good prospect of exploration in the area and deep part of the mine area. The mine has entrusted the Chifeng geological and mineral exploration and Development Institute of Inner Mongolia to plan the exploration work of the mining area in 2011. It is expected that the retention of copper, tungsten, tin and silver in the mining area will be greatly increased.

Key point 9: in March 2012, the company signed a sales contract with Chifeng Yuntong Nonferrous Metals Co., Ltd. the subject of which is all copper concentrate produced by xilingorleam Yinxin Mining Co., Ltd. in 2012. The supply time is from June 1 to December 01, 2012. The signing of this contract is conducive to maximizing the interests of listed companies.

Key 10: in may2012, shengtun Equity Investment Co., Ltd., a subsidiary of the company, recently acquired all shares of Shanghui Co., Ltd. and increased its capital by US $52.3 million, equivalent to RMB 329million. Shanghui completed the acquisition of 100% of the equity of Huajin mining (Hong Kong) Co., Ltd. Shengtun investment is a subsidiary of shengtun Mining Co., Ltd. which is jointly funded and established by shengtun Mining Co., Ltd. and 9 other investors, and is specialized in mining investment. The company holds 14.29% of shengtun investment. The main assets of Huajin mining are 97% of the shares of Guizhou Huajin Mining Co., Ltd. and Guizhou Huajin holds the mining rights of Yahe, Banqi and banwan gold mines in Ceheng County, Guizhou Province according to law, and the exploration rights of the two gold mines. According to the geological exploration and reserves verification, the total amount of gold metal in the three mining areas of Ya he, Banqi and banwan is about 25.6 5 tons.

Key 11: in September 2007, the company invested 72.66 million yuan to acquire 42% of the equity of Sanfu Mining Co., Ltd. and did not have the actual control right. Sanfu Mining Co., Ltd. is located in Sanming City, Fujian Province. By the end of November 2007, Sanfu mining has maintained resources reserves of 1118200 tons within the mining license, including 12228.9 tons of lead, 42027.1 tons of zinc and 45122 kg of silver. In 2006, Sanfu mining industry realized a net profit of RMB 508903 million, a net profit of 29.8914 million yuan in 2007, a net profit of 6.58 million yuan in 2008 and a net profit of -882 in 2009. Announced on February 12, 2011, the general meeting of shareholders agreed that the company and fuming industry signed the agreement on the change of the "equity transfer contract" (signed by the two parties in September 2007, hereinafter referred to as the original contract): the agreement stipulates that the equity of Sanfu mining industry transferred to the company by Fuming industry is changed from 42% (the transfer payment is 72.66 million yuan) to 38%. The annual report of 2010 disclosed that during the reporting period, the company made efforts to promote Sanfu mining industry to adopt the management contract responsibility system, and the contract fund was 1500 yuan after tax profit, and the company would enjoy the contract fund according to the proportion of shares held by Sanfu mining.

Key 12: in November 2012, the joint venture set up a mining investment company, which is planned to establish a mining investment company in Hulunbuir city with a registered capital of RMB 100 million. After two years of establishment, the mining investment company increased its registered capital to RMB 300million. The company contributed RMB 50million, accounting for 16.67% of the registered capital. The business scope of mining investment company is mineral resources exploration, mining equity investment, mining enterprise merger, mining enterprise management, information consulting, etc. Through the development of mining equity investment companies, the company has the opportunity to capture and find the early projects with potential of the company, improve the business level of the team, enhance the brand awareness and industry influence of the company, and lay the foundation for the company to scale its strategic development in the future and improve the company's anti risk ability and core competitiveness.

Key 13: Xinsheng mining company owns 80% of the shares of Yunnan Yuxi Xinsheng Mining Development Co., Ltd. Xinsheng Mining Co., Ltd. enjoys the prospecting certificate of Toushan Copper Polymetallic Mine in Yuanyang County, Yunnan Province, with a prospecting area of 21.6 square kilometers, and a prospecting area of 91.76 square kilometers. Xinsheng mining is expected to achieve production in April 2011, the China Daily reported in 2010. (no update progress in 2010 annual report)

Key 14: the company completed the issuance of RMB 10.17/share and 18682400 shares in private in february2010. The purpose of the fund raising is to repay the company's liabilities of about 13.219 million yuan, and increase the capital to the subsidiary company Xiong Zhen information by 35million yuan, and the rest of the fund will supplement the working capital. Xiong Zhen information is the only it equipment trade and technical service business platform of the company in the future. According to the feasibility study report, it is estimated that within five years from 2010 to 2014, the revenue of IT equipment sales and services can be increased by 295.585 million yuan, the net profit increment is 26.731 million yuan, with an annual average of 5.346 million yuan. There is no construction period for the project, and the payback period of after tax investment is 6.38 years.

Key 15: in May 2013, the company intends to issue no less than RMB 877 / share of no more than 162 million shares in private. Yaoxiongjie, the actual controller, intends to subscribe for 10% of the issuance scale in cash, and huiding rich fund special account Shengshi asset management plan plans to subscribe for 6% of the issuance scale in cash. The total raised capital is no more than 1.427 billion yuan, which is used to acquire 85.71% equity of shengtun investment and 3% of Guizhou Huajin equity; capital increase of Guizhou Huajin to carry out exploration projects; comprehensive utilization project of gold concentrate, etc.

Key 16: in June 2012, the company will formulate dividend return plan for the next three years (2012-2014). In the next three years, the company will insist on cash dividend as the main part. In case of compliance with relevant laws and regulations, the articles of association and the relevant provisions and conditions of the plan, and meanwhile maintaining the continuity and stability of profit distribution policies, the annual cash dividend of the company shall not be less than 10% of the current realized distributable profit, and the accumulated profit distributed in cash in the last three years shall not be less than the last three years 30% of the annual distributable profit achieved. The board of directors of the company may propose the company to make interim cash dividends according to the company's profit and capital demand. If the company's revenue increases rapidly and the board of directors thinks that the stock price of the company does not match the size of the company's share capital, it can propose and implement the stock dividend distribution plan after meeting the above cash dividend distribution.

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