Jinmao Co., Ltd.: The acquisition of a 24% stake in Jinsha Molybdenum has been completed with the business registration change.

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On March 5th, Jinmao Co., Ltd. (601958) announced that the company will hold the 29th meeting of the fifth board of directors on January 14, 2026, to review and approve the proposal regarding the company’s acquisition of a 24% stake in Anhui Jinsha Molybdenum Co., Ltd. The company agreed to sign a “Project Cooperation and Equity Transfer Agreement” with Zijin Mining Group Co., Ltd., to acquire a 24% stake in Anhui Jinsha Molybdenum Co., Ltd. transferred by Zijin Mining for a price of 1,730.87 million RMB, and to carry out related smelting project cooperation.

As of the announcement date, the company has paid the full amount of 1,730.87 million RMB, Jinsha Molybdenum has completed industrial and commercial registration changes, and the company’s equity in Jinsha Molybdenum has increased from 10% to 34%.

Tianyancha data shows that Jinmao Co., Ltd. was established on May 16, 2007, with a registered capital of 3,226,604,400 RMB. The legal representative is Yan Ping, and the registered address is No. 88 Jinye 1st Road, High-tech Zone, Xi’an, Shaanxi Province. Its main business includes the production, sales, research and development of molybdenum series products and trading of molybdenum-related products.

Currently, the company’s chairman is Yan Ping, the secretary of the board is Zuo Xiaogang, with 5,063 employees. The actual controlling shareholder is Shaanxi Nonferrous Metals Holding Group Co., Ltd.

The company has six associated companies, including Jindui City Molybdenum Trading Co., Ltd., Huamu Co., Ltd., Jindui City Molybdenum Ruyang Co., Ltd., Jindui City Molybdenum Guangming (Shandong) Co., Ltd., and Jilin Tianchi Molybdenum Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 9.531 billion RMB, 11.531 billion RMB, and 13.571 billion RMB, respectively, with year-on-year growth of 19.53%, 20.99%, and 17.68%. The net profit attributable to shareholders was 1.335 billion RMB, 3.099 billion RMB, and 2.983 billion RMB, with year-on-year increases of 169.76%, 132.19%, and a decrease of 3.76%. During the same period, the company’s asset-liability ratio was 13.54%, 11.21%, and 12.28%.

Regarding risks, Tianyancha information shows that the company has 50 internal Tianyan risks, 108 surrounding risks, 106 historical risks, and 433 early warning risks.