Nankuang Group: On February 13, it was visited by institutional investors, with E Fund and Guojin Securities participating.

Securities Star News, February 13, 2026: Minmetals South Mining Group (001360) announced that on February 13, 2026, the company received an institutional survey, with E Fund and Guojin Securities participating.

The specific content is as follows:

Question: Please describe the development of your company’s intelligent operations and maintenance business and the charging model.

Answer: Our intelligent operations and maintenance business aligns with the trend of decreasing mining industry personnel and increasing environmental requirements. Relying on our equipment manufacturing and industry experience, we have established a foundation for large-scale expansion. Our expansion strategy involves a “small investment, multiple deployment” approach, taking equity stakes in mines as a shareholder to serve as testing platforms for intelligent operations and maintenance. This creates a full-process data loop for research and development, manufacturing, and usage, supporting product iteration and process optimization. At the same time, it enables multi-point deployment and operational reporting under limited funds. Our core competitive advantage lies in the deep integration of “equipment + services + intelligence,” leveraging global marketing networks, warehousing and logistics systems, and digital operations and maintenance capabilities to provide customers with comprehensive solutions that improve quality, reduce costs, and increase efficiency. Our business goal is to transition from traditional operations and maintenance to intelligent operations and maintenance, gradually achieving device automation, digital production lines, and intelligent maintenance.

Our charging model is driven by two main components: first, complete machine maintenance services, providing predictive maintenance and professional repairs after the warranty period to enhance customer capacity and operational rates; second, production line operation management, deploying professional teams to offer full-process operational services, utilizing intelligent operations and maintenance technology and data to help customers reduce costs and improve efficiency. Profit mainly comes from ongoing service revenues of these two categories. By enhancing customer experience and deepening long-term cooperation, we aim to achieve stable after-sales revenue.

Question: What are the characteristics of your company’s metal mine business in terms of mineral coverage and order distribution?

Answer: In the metal mining sector, our orders are primarily centered on ferrous metals, with iron ore holding the largest share due to its high output value from large-scale mining. Meanwhile, our non-ferrous metals business is diversifying, covering high-value minerals such as gold, copper, and lithium. Copper mines contribute significantly to order scale and output within the non-ferrous metals segment.

Question: What specific capabilities does the company have in overseas mine operation services, and can these support the implementation of the “co-investment rather than control” model?

Answer: The company has developed systematic capabilities in overseas mine operation services, effectively supporting the “co-investment rather than control” approach. Regarding core technical personnel, our operational teams mainly come from large domestic mining enterprises and professional design institutes, with practical experience in exploration, mining, beneficiation, and smelting, as well as international perspectives. Our R&D team is strong, providing solid talent support for overseas project operations. In terms of operational management, the company has long provided equipment and supporting services for various mines, with extensive on-site experience. Additionally, through equity participation in small and medium-sized mine projects, we are deeply involved in production construction and equipment maintenance, forming efficient operational management capabilities that coordinate well with equipment sales. Our core service capabilities include a full range of crushing and screening equipment, known for reliability and leading domestic supply, with remote diagnostics and fault warning systems in our intelligent operations and maintenance platform, placing us at the industry forefront. We also leverage the “one body, two wings” strategy to strengthen product and technology development, creating comprehensive mineral processing solutions suitable for all stages of gold mining, with the ability to deliver integrated technology and service outputs.

Question: How do your overseas business pricing and profitability compare to domestic operations, and how has this pattern been formed?

Answer: Our overseas business has significantly higher gross margins than domestic operations, mainly due to differentiated pricing logic—overseas markets emphasize value-based competition, focusing on brand recognition and quality trust, actively avoiding low-price strategies that could cause negative associations. Relying on high-cost-performance products and responsive service capabilities, we maintain reasonable profit margins while effectively acquiring and retaining overseas customer orders.

Question: What is your company’s strategy for overseas capacity building? Will there be large-scale investments in establishing production bases?

Answer: The company adheres to a lightweight asset operation model, mainly due to the reality that some overseas regions have weak local manufacturing foundations and insufficient supply chain support, making heavy asset expansion risky. Therefore, we focus resources on building service capabilities such as warehousing, logistics, aftermarket services, and technical teams, enabling more flexible global multi-point deployment. We only retain small-scale production arrangements for key components to effectively control capital occupation.

Minmetals South Mining Group (001360) primarily engages in the R&D, design, manufacturing, sales, and aftermarket services of crushing and screening equipment related to sand, gravel, and metal mines.

According to the Q3 2025 report, the company’s main business revenue for the first three quarters was 618 million yuan, up 2.3% year-over-year; net profit attributable to shareholders was 56.28 million yuan, down 12.29%; non-recurring net profit was 50.99 million yuan, down 11.36%. In Q3 2025 alone, the quarterly main business revenue was 234 million yuan, up 26.35%; net profit attributable to shareholders was 15.20 million yuan, up 21.55%; non-recurring net profit was 12.88 million yuan, up 28.2%. The debt ratio was 37.08%, investment income was 193,200 yuan, financial expenses were -14.17 million yuan, and gross profit margin was 32.59%.

The above content is compiled by Securities Star from publicly available information, generated by AI algorithms (Net Trust Number 310104345710301240019), and does not constitute investment advice.