Dazhong Mining Co., Ltd. is engaged in the mining and beneficiation of iron ore. It offers iron ore concentrate and pellets, as well as manufactured sand and gravel. The company was formerly known as Inner Mongolia Dazhong Mining Co., Ltd. and changed its name to Dazhong Mining Co., Ltd. in August 2024. Founded in 1999, it is headquartered in Baotou City, the People's Republic of China.
Dazhong Mining Subsidiary Chongxinji Iron Mine Ordered to Temporarily Suspend Operations After Accident Kills Two
Dazhong Mining announced on September 28 that a roof fall accident occurred on September 25 at the Chongxinji Iron Mine under its subsidiary Anhui Jinrisheng Mining Co., Ltd., resulting in two deaths. The Huoqiu County Emergency Management Bureau has issued an On-Site Handling Decision to Jinrisheng Mining's Chongxinji Iron Mine, ordering the mine to temporarily suspend production and operations and to investigate and rectify accident hazards. The main product of the Chongxinji Iron Mine is iron concentrate powder. In 2025, this single mine achieved revenue of 802 million yuan, accounting for 19.62 percent of the company's annual operating revenue, and achieved net profit of 180 million yuan, accounting for 24.45 percent of the company's annual net profit. The company stated that this accident has caused the Chongxinji Iron Mine to suspend production, while production and operations at other mines continue normally. Given that the accident investigation and aftermath work are still ongoing, the duration of the suspension and the extent of its impact on full-year performance cannot yet be accurately estimated.
001203.CS · Supply · Negative Chongxinji Iron Mine, which contributed 19.62% of revenue and 24.45% of net profit, was ordered to suspend production after a fatal roof fall accident.
Dazhong Mining completes 400 million yuan buyback plan after repurchasing 14.5036 million shares
Dazhong Mining announced on September 11 that as of September 9, the company had repurchased a total of 14.5036 million shares through a dedicated securities account using centralized bidding, accounting for 0.95% of its current total share capital, with a transaction amount of approximately 400 million yuan. This share repurchase has been completed in accordance with the established plan. Previously, on July 2, the company held the 27th meeting of its sixth board of directors, which reviewed and approved the share repurchase plan, agreeing to use its own funds and special loan funds for share repurchases through centralized bidding, for employee stock ownership plans, equity incentives, or conversion of convertible corporate bonds issued by the company. The plan set the total repurchase amount at no less than 400 million yuan and no more than 800 million yuan, with a repurchase price not exceeding 53 yuan per share, and a repurchase period of 12 months from the date the board approved the plan. In the actual repurchase, the highest transaction price was 30.27 yuan per share and the lowest was 24.71 yuan per share.
Dazhong Mining's first-half 2026 net profit attributable to parent falls 20.59% to 322 million yuan
Dazhong Mining disclosed its 2026 semi-annual report, with net profit attributable to the parent in the first half of 322 million yuan, down 20.59% year-on-year. The company achieved total operating revenue of 1.778 billion yuan, down 9.86% year-on-year. Deducted non-recurring net profit was 295 million yuan, down 26.20% year-on-year. Basic earnings per share were 0.21 yuan, and the weighted average return on equity was 4.39%. Net cash flow from operating activities was 742 million yuan, up 18.25% year-on-year.
Dazhong Mining Has Spent 91.1765 Million Yuan to Repurchase 3.2185 Million Shares
Dazhong Mining announced that as of July 17, the company had repurchased 3.2185 million shares through centralized bidding, accounting for 0.21% of the current total share capital, with a transaction amount of 91.1765 million yuan. The highest repurchase transaction price was 30.27 yuan per share, and the lowest was 26.45 yuan per share. The company stated that this repurchase complies with relevant laws, regulations, and the established repurchase plan.
Multiple A-share Companies Announce Buybacks and Stake Increases; Neusoft Plans Buyback with Full Cancellation
On the evening of July 9, multiple A-share listed companies issued announcements on share buybacks and stake increases. Neusoft announced that, because its stock price is below net asset value per share, it plans to buy back shares worth 100 million to 200 million yuan and cancel them all. Based on a maximum buyback price of 11.67 yuan per share, the number of shares to be repurchased is approximately 8.57 million to 17.14 million, accounting for 0.72% to 1.43% of total share capital. Yibai Pharmaceutical will cancel 7.53 million repurchased shares, representing 0.95% of total share capital, after which total share capital will change to 784 million shares. Unigroup Guoxin will cancel 6.40 million shares because the repurchased shares were not used for an incentive plan within 36 months. Sansure Biotech will cancel 4.45 million shares to reduce registered capital, aiming to boost earnings per share. Chongqing Pharmaceutical has completed the cancellation procedures for 15.41 million repurchased shares. Dazhong Mining made its first buyback of 580,000 shares, with a transaction amount of 17.51 million yuan. Jiayi Holdings made its first buyback of 64,200 shares, with a transaction amount of 1.99 million yuan. Qingmu Technology plans to buy back shares worth 20 million to 30 million yuan for incentive purposes. On the stake increase side, Sheng Jianhua, one of the actual controllers of Xidian New Energy, increased his stake by 614,900 shares, with an amount of 19.45 million yuan. Actual controllers Sheng Jianhua and Pan Shuxin plan to increase their combined stake by 10 million to 20 million yuan. The controlling shareholder of Shenghang Shipping, Wanda Holding Group, plans to increase its stake by no more than 6.10 million shares, with an amount of 66 million to 96 million yuan. Liu Xiaodong, the actual controller of Bairun Holdings, increased his stake by 1.12 million shares, with an amount of 17.98 million yuan, and plans to continue increasing his stake by 50 million to 100 million yuan. Some directors and senior executives of Longxi Bearing increased their combined stake by 67,400 shares, with an amount of 909,400 yuan.
600718.CG · Capital · Positive Neusoft plans to buy back 100-200 million yuan worth of shares and cancel them, signaling undervaluation and returning capital to shareholders.
000950.CS · Capital · Positive Chongqing Pharmaceutical completed cancellation of 15.41 million repurchased shares, reducing share count.
001203.CS · Capital · Positive Dazhong Mining made its first buyback of 580,000 shares, signaling confidence and supporting share price.
001205.CS · Capital · Positive Controlling shareholder plans to increase stake by up to 6.1 million shares, signaling confidence.
002049.CS · Capital · Positive Company will cancel 6.40 million repurchased shares, boosting EPS and shareholder value.
301110.CS · Capital · Positive Company plans to buy back shares worth 20-30 million yuan for incentive purposes.
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