Shandong Jinling Mining Co., Ltd.
金岭矿业
000655
Shenzhen Stock Exchange
Company Profile
(1) High Product Quality Jinling Mining's core product - iron concentrate - has won the only "Gold Medal" among similar products in the country for its outstanding quality, making it a favored raw material for steel mills. The iron concentrate has a high grade, low content of harmful elements, stable quality, strong market competitiveness, and a smooth sales channel. (2) Great Potential for Exploration and Mining The company has obtained the exploration rights for the Dazhang area iron ore in Qihe County, Shandong Province, marking the project's entry into a new stage of systematic exploration and development. The exploration rights cover an area of 21.3 square kilometers and are located in the Qihe-Yucheng rich iron ore key exploration area. The rich iron ore resources in this area are rare high-grade rich iron ore in China, featuring a wide distribution area, large ore body thickness, high ore grade, and good prospecting potential. (3) Technological and Management Advantages Since its establishment in 1948, the company has developed over the years and successfully listed on the Shenzhen Stock Exchange through a major asset reorganization in 2006. The company has wholly-owned subsidiaries Jinzhao Mining and Jingang Mining, and holds controlling stakes in Kashgar Pelletizing and shares in Jinding Mining and Shandong Steel Finance Company. With over 70 years of experience in the iron ore business, the company has mature industry technology and a profound corporate culture. The management team has rich industry experience and management capabilities in the mining sector, accurately grasping market trends and industry development directions. Additionally, the company's technical team has deep professional knowledge and practical experience in geological exploration, mining engineering, and mineral processing technology, providing strong impetus for the company's high-quality development. (4) Integrated Industrial Chain Advantage The company has built a complete industrial chain from mining, beneficiation processing to mineral product sales, forming a full-process production capacity from iron ore mining to iron concentrate and pellet production. This integrated industrial chain layout can effectively reduce production costs, increase product value, and enhance market competitiveness. Moreover, through internal asset integration, the company has achieved an integrated supply, production, and sales system, continuously optimizing production processes and improving capacity utilization. (5) Financial Advantage As of the end of the first half of 2025, the company's cash balance was 1.854 billion yuan, with a debt-to-asset ratio of 13.62%. At the same time, the company maintains good cooperative relationships with banks and other financial institutions, possessing strong financing capabilities. Additionally, with the endorsement of the state-owned controlling shareholder, the company's public market credit rating has been continuously improving, further expanding financing channels and scale. As a listed company, the company has good asset quality and a sound corporate governance structure, meeting the conditions for refinancing. In the future, the company will open up more financing channels based on business development needs through various means, providing strong support for the continuous expansion of external resources.
Full description
The company belongs to the black metal mining and processing industry. Its main business is iron ore mining, production and sales of iron concentrate powder and pellet ore, as well as mechanical processing and sales. The main products include iron concentrate powder and pellet ore, and the by-product copper concentrate powder. The wholly-owned subsidiary Jinzhao Mining mainly focuses on iron ore mining and sales, while the holding subsidiary Kashgar Pellet Ore mainly engages in the production, processing and sales of pellet ore. (1) Market and Usage of Main Products The company's main product, iron concentrate powder, is mainly sold to black smelting enterprises and major steel mills. Copper concentrate powder is a by-product, accounting for a relatively small proportion of the output, and basically maintains a balance between production and sales. The iron content of the company's iron concentrate powder is generally around 65%, with low impurities such as sulfur and phosphorus. It is mainly used as raw material for steel mills. The equipment produced by the affiliated unit Machinery Manufacturing Factory, such as loaders, crushers, mine cars, and cage hoists, is mainly used for self-use and various scale mining enterprises within the country. The company's pellet ore has a grade of 63 ± 3%, and is mainly sold to black smelting enterprises and major steel mills for use in blast furnace smelting. (2) Production Process of Company Products The company's iron ore is mined by underground methods, mainly through vertical shafts and inclined shafts. The mining methods mainly include segmented drilling stage pit chamber method, shallow hole leaving ore method, upward layered cementation filling method. The mined iron ore is transported to the surface storage silo through the hoisting system and then transported to the beneficiation plant for crushing screening, grinding classification, flotation, magnetic separation, filtration, etc., thus producing the final product. The main raw materials of the company's pellet ore are iron concentrate powder and several additives. The main processes include batching, pre-treatment of the mixed material, ball making, screening and distribution, drying and preheating, roasting, cooling, and transportation and storage of finished pellet ore. Auxiliary processes include coal powder preparation, main exhaust fan circulation air system, multi-tube dust removal electrostatic dust removal, flue gas desulfurization system, etc. (3) Main Business Model The main raw materials for the company's production, iron ore, come from self-production and external purchase. The production mode is based on the production plan formulated by the Operations Improvement Department and the market situation. The company's products are mainly sold to black smelting enterprises and major steel mills. The selling price of iron concentrate powder is mainly determined by the Platts 61% iron ore price index.