Changzheng Electric (600112) has officially signed a mineral resources transfer agreement this time in line with previous expectations regarding its mergers, acquisitions and restructuring. The purchase price of mineral resources in this acquisition agreement is significantly discounted from the previous forecast. By studying the three-quarter report of Changzheng Electric (600112), it can be seen that it currently has 320 million currency working capital, which can satisfy its acquisition of shares in the three mines. However, in line with Zunyi City's strategic plan to use the company as a platform for integrating molybdenum and nickel resource assets, a large amount of capital is still needed for further mineral resource development and the second round of acquisitions. So, the company still has a lot of motivation to use this acquisition as an opportunity to carry out further non-public offerings, and fluctuations in the stock price of the 20-day EMA within a reasonable range have become a necessary condition for the success of its non-public offering. The company's balance ratio for the 3rd quarter of 2010 was 23%. If debt financing is further used to raise capital to develop mineral resources, assuming that the balance ratio is raised to 70%, it is still possible to raise about 448 million yuan in capital. Which method to use for further financing depends on the mineral resource development process and the subsequent capital operation process. The current information is not sufficient to make reasonable logical inferences. It is recommended that everyone continue to pay attention to the acquisition matters further announced by Changzheng Electric.