中矿资源(002738) - 2025 Q2 - 季度业绩预告

Core Performance Forecast Data The company projects a significant year-over-year decline in 2025 H1 net profit, with attributable net profit decreasing by 80.97-86.26% and non-recurring net profit by 96.63-98.88% 2025 Semi-Annual Performance Forecast | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: CNY 65 million – CNY 90 million | Profit: CNY 472.9916 million | | YoY Change | Decrease 86.26% - 80.97% | - | | Net Profit Excluding Non-Recurring Items | Profit: CNY 5 million – CNY 15 million | Profit: CNY 444.9154 million | | YoY Change | Decrease 98.88% - 96.63% | - | | Basic Earnings Per Share | Profit: CNY 0.0901/share – CNY 0.1247/share | Profit: CNY 0.6556/share | Performance Attribution Analysis by Business Segment Overall performance declined due to lithium salt and copper smelting, partially offset by strong growth in rare light metals (cesium, rubidium) business Rare Light Metals (Cesium, Rubidium) Business: Stable Growth Pillar The core rare light metals (cesium, rubidium) business maintained strong growth and profitability, with revenue and gross profit increasing over 40% year-over-year Rare Light Metals Business H1 2025 Performance | Metric | Amount (CNY) | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | Approx. 710 million | Approx. 50.88% | | Gross Profit | Approx. 490 million | Approx. 43.78% | - This business segment demonstrates core competitiveness, maintaining strong growth and profitability, serving as a crucial support for the company's performance[6] Lithium Salt Business: Volume Up, Price Down, Profitability Under Pressure Lithium salt business profitability was pressured by significant market price declines, despite a 5.95% increase in sales volume - In H1 2025, proprietary lithium salt product sales volume reached approximately 17,800 tons, a year-over-year increase of approximately 5.95%[6] - Due to market fluctuations in the lithium battery new energy sector, lithium salt product market prices experienced a significant year-over-year decline, substantially impacting this segment's sales revenue and gross margin[6][7] Copper Smelting Business: Temporary Losses and Strategic Adjustments Copper smelting in Namibia incurred CNY 200 million net losses due to declining processing fees, prompting plans to cease operations and develop germanium business - The copper smelting business at the Tsumeb smelter in Namibia resulted in a net profit loss of approximately CNY 200 million during the reporting period[7] - The loss is primarily attributed to tight global copper concentrate supply, leading to a significant decline in industry processing fees (TC/RC)[7] - Mitigation measures include cost reduction initiatives, prompt shutdown of copper smelting production lines, and developing germanium business capacity to create new profit growth[7] Other Notes and Risk Warnings This unaudited performance forecast, based on preliminary internal estimates, will be finalized in the 2025 semi-annual report, cautioning investors about inherent investment risks - The financial data related to this performance forecast has not been audited by an accounting firm[5] - This performance forecast data represents preliminary estimates by the company's financial management department; final figures will be subject to the 2025 semi-annual report, and investors are advised to exercise caution regarding investment risks[8]