Flerat: Anfu Glass is priced at the highest price of 3.38 billion yuan to win the mining right of quartz rock ore

On July 6, Capital State learned that Flelet (601865.SH)/Flelet Glass (06865.HK) announced that yesterday's meeting passed the "Proposal on the Participating in the Anti -Mining Rights" and agreed to the company's wholly -owned capital The subsidiary Anhui Flerat Photovoltaic Glass Co., Ltd. (referred to as "Anfu Glass") participated in the auction of the mining right of the mining rights of the "quartz rock mine in the new section of the new section of the Magishan Mining Area in Fengyang County, Anhui Province" Related procedures.

The mining rights are listed in the method of reserve price increase, and the winners are determined in accordance with the principle of high price. Anfu Glass was awarded the mining right at the highest quotation of RMB 33.80 & NBSP; 100 million yuan at the Public Resources Trading Center of Luzhou City on July 5, 2022, with a mining rights transfer period of 24 years.

Flett said that this auction is conducive to increasing the company's mineral resource reserves and reducing the impact of quartz sand raw materials fluctuations on the cost and performance of listed companies.

At the same time, the company also admits that the relevant risks of mining rights, including mining resources, have high investment risks and unpredictable factors; the mining premiums have large investment in mining conditions.

According to the previous announcement, Flelet's main products include photovoltaic glass, engineering glass, furniture glass, etc. The company's operating income mainly comes from the sales of photovoltaic glass.

In the first quarter of 2022, the company's net profit attributable to shareholders of listed companies was 437 million yuan, a year -on -year decrease of 47.88%. The main reason is that raw materials and fuel procurement procurement and freight rising, resulting in the increase in the cost of the company's product units.

In order to stabilize the position of the light glass faucet, in mid -February this year, the company intends to purchase 100%equity of Dahua Mining and Sanli Mining 100%equity held by Fengsha Group by paying cash and undertaking debt. 3.344 billion yuan, including the equity transfer price of the equity of the transfer of the equity of the transfer of the equity of RMB 2.805 billion, and the owner of the company owed the owner of the company's Fengsha Group's debt of RMB 539 million.

The company said that the acquisition helps to obtain a wealth of quartz rock ore resource reserves, increase the self -sufficient rate of quartz sand in the production base, reduce the company's dependence on purchasing quartz sand, and at the same time help control and stabilize the quality and price of main raw materials, improve listing The company's overall profitability.

As of press time, Flelet glass rose 3.83%to HK $ 28.5, and Flyt rose 4.28%to 38.48 yuan.

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