JCHX Mining Management Co Ltd

JCHX Mining Management Company Limited, stock code 603979.SH, convened the fifth meeting of its sixth board of directors on September 7, 2026, and unanimously approved the proposal to issue overseas listed foreign shares, or H shares, and list on the main board of the Hong Kong Stock Exchange. The company intends to use this offering to meet business development needs, strengthen its capital base, and enhance overall competitiveness. The issuance and listing remain subject to filing or approval by the China Securities Regulatory Commission, the Hong Kong Stock Exchange, and the Securities and Futures Commission of Hong Kong, as well as review by the company's shareholders' meeting.

Hangxiao Steel Structure announced on the evening of September 1 that it has signed a DEP project procurement contract with Dangote Oil Refining Free Zone Enterprise. The contract value is 166 million US dollars, equivalent to approximately 1.128 billion yuan, accounting for 15.87 percent of the company's most recent audited annual operating revenue. Dangote Oil Refining Free Zone Enterprise is a subsidiary of the Dangote Group, and the two parties have a prior history of cooperation. Hangxiao Steel Structure stated that the contract value is large and the performance period is long, and there are risks that the contract may not be performed on schedule or in full due to unforeseeable factors such as laws and regulations, industry policies, and market conditions. On the same day, JCHX announced that it has undertaken the mining construction project for the Majiazhuang phosphate mine in Zhijin County, Guizhou Province, with a signed contract price of 300 million yuan and a construction period of 769 calendar days. Far East Smarter Energy, Willfar Information, and Shandong University Electric Power also announced contract awards. Among them, Far East Smarter Energy received in August a total of 1.78 billion yuan in contract orders of 10 million yuan or above won or signed by its subsidiaries. Willfar Information won contracts totaling 46.4126 million yuan, and Shandong University Electric Power won contracts totaling approximately 15.806 million yuan.

Jinchengxin released its 2026 interim report, with total operating revenue of 7.641 billion yuan and net profit attributable to the parent company of 1.614 billion yuan. Net cash inflow from operating activities was 1.37 billion yuan, down 20.59% from the same period last year. The company's asset-liability ratio was 46.17%, gross margin was 39.57%, ROE was 13.02%, and diluted earnings per share was 2.59 yuan. The number of shareholders was 26,800, and the top ten shareholders held 50.82% of the total share capital.

JCHX announced on August 20, 2026, that the company has undertaken mining service operations for the second bid section, zone two, of the first phase of the deep phosphate mining project in the eastern wing of the Kaiyang Yangshui mining area for Guizhou Kailin Group, and has obtained contract documents signed and sealed by both parties. The construction general contracting infrastructure contract is worth about 202 million yuan, and the construction general contracting infrastructure and cutting contract is worth about 158 million yuan, totaling about 360 million yuan including tax. The contract duration for both is 599 calendar days, and the project is located in Kaiyang County, Guiyang, Guizhou Province. The announcement shows that the contract issuer, Guizhou Kailin Group, holds a 10 percent stake in the company's controlling subsidiary, Guizhou Liangchahe Mining, and this transaction does not constitute a related-party transaction.

JCHX announced that the company and its subsidiaries have recently signed two routine operating contracts. The underground mining contract for the Kamoa-Kakula copper mine in the Democratic Republic of the Congo is valued at approximately 119 million US dollars, with a duration of about 32 months. The shaft and tunnel infrastructure contract for the Baituyingzi tungsten polymetallic mine mining and processing project, signed with CNNC Inner Mongolia Mining Investment Co., Ltd., is valued at 170 million yuan, with a duration of 868 days. The execution of these contracts will have a positive impact on the company's performance, but there are long-term performance risks.

JCHX announced that the company and its subsidiaries have recently signed two routine operating contracts. The underground mining contract for the Kamoa-Kakula copper mine in the Democratic Republic of the Congo has a total price of approximately 119 million US dollars, excluding VAT, with a construction period of about 32 months. The shaft and roadway infrastructure contract for the Baituyingzi tungsten polymetallic mine mining and processing project of CNNC Inner Mongolia Mining Investment Company Limited is valued at 170 million yuan, with a construction period of 868 days. The performance of these contracts will have a positive impact on the company's performance, but there are long-term performance risks.

Fengzhushou's wholly-owned subsidiary, Ya'an Yunsuan, signed a computing power server procurement agreement with Company A, with a total contract value of 3.062 billion yuan including tax. It also signed a computing power service contract with Company B, with a total contract value of 4.608 billion yuan including tax, for a cooperation period from August 5, 2026, to August 4, 2031. If the computing power service project is successfully implemented, the estimated average annual net profit is 60 million to 72 million yuan. In addition, a subsidiary of Dajin Heavy Industry signed a shipbuilding contract worth about 1 billion yuan with a Norwegian shipowner. A subsidiary of Jinka Intelligence signed a smart gas meter contract worth about 890 million yuan. A subsidiary of Jinchengxin signed a mining contract worth about 115 million US dollars.