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On the evening of August 12, Hengbang Co., Ltd. (002237.SZ), a subsidiary of Jiangxi Copper (600362.SH), announced that recently, a copper spout suddenly splashed from the side-blown furnace of the company's smelting company, causing injuries to personnel on site. After the accident, the company immediately activated the emergency plan to carry out rescue and sent the injured to the hospital for emergency treatment as soon as possible.

Hengbang Co., Ltd. stated that as of the date of disclosure of the announcement, three employees died during hospitalization; three are currently receiving hospitalization and are in stable condition; and 11 employees with minor injuries have been discharged from the hospital.

At present, the cause of the accident and the cause of death are still under further analysis and investigation.

The announcement disclosed that as of now, the People's Government of Shandong Province has established an investigation team and the accident is still under investigation. The company has not yet received the accident investigation report and related handling opinions issued by the accident investigation team, and is unable to accurately estimate the direct economic losses caused by the accident.

After the accident, the above-mentioned smelting company stopped production for rectification and resumed production after the investigation department issued a conclusion and the rectification was completed and accepted.

Regarding the impact of the accident, the announcement stated that the operating income of Smelting Company No. 1 in 2023 was 1,309,094.22 million yuan, accounting for 19.96% of the company's consolidated operating income; the net profit contributed in 2023 was 95.137 million yuan, accounting for 19.52% of the company's net profit and 18.45% of the company's consolidated net profit attributable to shareholders of listed companies.