Fujian Longking Co Ltd

Zijin Longking announced after market close on September 23 that its board of directors has approved proposals for three solar and storage projects: the third phase of the Aurora gold mine processing plant in Guyana, the underground mining plant, and the second phase of the Rosebel gold mine in Suriname. The total investment is approximately 232 million US dollars, all to be self-funded by the company, with the implementing entity being its wholly owned subsidiary Zijin Longking Clean Energy Company Limited. The third phase of the Aurora processing plant project has a construction scale of 15 megawatts peak of solar plus 20 megawatts and 80 megawatt-hours of energy storage, with a total investment of about 26.62 million US dollars and an expected average annual power generation of about 20.5874 million kilowatt-hours. The Aurora underground mining plant project has a construction scale of 45 megawatts peak of solar plus 50 megawatts and 100 megawatt-hours of energy storage, with a total investment of about 55.24 million US dollars and an expected average annual power generation of about 61.7622 million kilowatt-hours. The second phase of the Rosebel gold mine project in Suriname is the largest, with a construction scale of 170 megawatts peak of solar plus 120 megawatts and 120 megawatt-hours of energy storage, a total investment of about 150 million US dollars, and an expected average annual power generation of about 244 million kilowatt-hours. All three projects are planned to be completed by 2027. Once completed, they can replace about 68 percent of diesel power consumption at the processing plant and about 50 percent at the underground mining plant in 2027, while the second phase of the Rosebel gold mine can replace about 38.8 percent of diesel power consumption at the Rosebel and Saramacca mining areas. The announcement also cautioned that the investment amounts, completion dates, power generation, and electricity prices are all planned or estimated figures, and that overseas investment filing and approval procedures are still in progress, so the timing of implementation remains uncertain.

Longking Environmental released its 2026 interim report, with net profit attributable to the parent company at 557 million yuan, up 25.02% from the same period last year. Total operating revenue was 5.384 billion yuan, up 14.96% year-on-year, marking a second consecutive year of growth; net profit attributable to the parent company achieved a fourth consecutive year of growth. Net cash flow from operating activities was negative 62.04 million yuan, a decrease of 72.09 million yuan from the same period last year. The company's latest asset-liability ratio was 63.23%, gross margin was 25.50%, and diluted earnings per share was 0.44 yuan.

Longking Environmental announced that its application for a private share placement has been approved by the China Securities Regulatory Commission. The approval was recently delivered to the company, marking a key regulatory clearance for the issuance plan. Longking Environmental is listed on the main board of the Shanghai Stock Exchange under the ticker 600388.