Kings(SH:603505)2025-08-20 08:50Definitions This section provides definitions for key terms, company names, and products to ensure accurate report interpretation. Definitions of Common Terms This section lists definitions for common terms used in the report, including company and subsidiary names, related entities, and key product terminology, ensuring accurate interpretation. - The report defines Company, This Company, and Kings Resources as China Kings Resources Group Co.,Ltd.11 - Key products include fluorite, acid-grade fluorite concentrate, high-grade fluorite lump ore, metallurgical-grade fluorite concentrate, fluorite concentrate, ordinary fluorite raw ore, lepidolite concentrate, anhydrous hydrogen fluoride/AHF, and anhydrous aluminum fluoride.1112 - The reporting period is defined as January 1 to June 30, 2025.12 Company Profile and Key Financial Indicators This section outlines the company's basic information, contact details, stock overview, and key financial performance, highlighting significant revenue growth but a decline in net profit due to various operational factors. Company Information This section provides the company's basic registration information, including its Chinese name, abbreviation, English name, and legal representative. | Indicator | Content | | :--- | :--- | | Chinese Name | China Kings Resources Group Co.,Ltd. | | Chinese Abbreviation | Kings Resources | | English Name | China Kings Resources Group Co.,Ltd. | | English Abbreviation | Kings | | Legal Representative | Wang Jinhua | Contacts and Contact Information This section lists the contact information for the company's Board Secretary and Securities Affairs Representative, facilitating investor communication. | Position | Name | Phone | Email | | :--- | :--- | :--- | :--- | | Board Secretary | Dai Shuijun | 0571-81387094 | daisj@chinesekings.com | | Securities Affairs Representative | Zhang Junhui | 0571-81387094 | zhangjh@chinesekings.com | Overview of Basic Information Changes This section describes the company's basic information, such as registered and office addresses, with no significant changes during the reporting period. - The company's registered address is Room B, 20th Floor, Block B, Yaojiang International Building, Moganshan Road, Gongshu District, Hangzhou, and its office address is Room 2301, South Building, Gongyuan Building, No. 8 Qiushi Road, Hangzhou.16 - There were no changes in the company's basic information during the reporting period.16 Overview of Information Disclosure and Document Custody Location Changes This section outlines the company's designated information disclosure media and report custody locations, with no changes during the reporting period. - The company's selected information disclosure newspapers include China Securities Journal, Securities Daily, Securities Times, and Shanghai Securities News.17 - The website address for the semi-annual report is http://www.sse.com.cn.[17](index=17&type=chunk) - There were no changes in information disclosure and document custody locations during the reporting period.17 Company Stock Overview This section provides basic information about the company's stock, including its listing exchange, abbreviation, and code. | Stock Type | Listing Exchange | Stock Abbreviation | Stock Code | | :--- | :--- | :--- | :--- | | A-shares | Shanghai Stock Exchange | Kings Resources | 603505 | Key Accounting Data and Financial Indicators During the reporting period, the company's operating revenue significantly increased by 54.24%, but net profit attributable to the parent company decreased by 24.74% year-on-year, mainly due to lower gross profit margins of Jinebo Fluorochemical products and losses from some new projects, with earnings per share also decreasing accordingly. Key Accounting Data (Jan-Jun) | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,725,558,958.22 | 1,118,774,778.57 | 54.24 | | Total Profit | 186,822,642.86 | 203,616,686.50 | -8.25 | | Net Profit Attributable to Shareholders of Listed Company | 126,144,898.28 | 167,603,516.84 | -24.74 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses | 128,378,922.52 | 169,002,085.09 | -24.04 | | Net Cash Flow from Operating Activities | 278,592,836.41 | 280,716,354.86 | -0.76 | | Period-end Data | Current Period-end | Prior Year-end | Period-end YoY Change (%) | | Net Assets Attributable to Shareholders of Listed Company | 1,692,734,398.46 | 1,595,635,909.78 | 6.09 | | Total Assets | 7,001,856,691.22 | 6,653,440,850.44 | 5.24 | Key Financial Indicators (Jan-Jun) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.15 | 0.20 | -25.00 | | Diluted Earnings Per Share (yuan/share) | 0.15 | 0.20 | -25.00 | | Basic Earnings Per Share Excluding Non-recurring Gains and Losses (yuan/share) | 0.15 | 0.20 | -25.00 | | Weighted Average Return on Net Assets (%) | 7.60 | 9.76 | Decreased by 2.16 percentage points | | Weighted Average Return on Net Assets Excluding Non-recurring Gains and Losses (%) | 7.74 | 9.84 | Decreased by 2.10 percentage points | - The company completed a dividend distribution of 0.4 bonus shares per share on July 15, 2025, and re-calculated earnings per share for the reporting period based on the adjusted share count.2122 Non-recurring Gains and Losses Items and Amounts This section lists non-recurring gains and losses items and amounts for the reporting period, totaling negative 2,234,024.24 yuan, primarily including disposal gains/losses on non-current assets and other non-operating income/expenses. Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Disposal Gains/Losses on Non-current Assets | -1,609,742.86 | | Government Subsidies Recognized in Current Profit/Loss (Excluding Those with Continuous Impact) | 699,545.63 | | Other Non-operating Income and Expenses Apart from the Above Items | -1,339,231.64 | | Less: Income Tax Impact | -154,416.13 | | Impact on Minority Shareholders' Equity (After Tax) | 139,011.50 | | Total | -2,234,024.24 | - The company classifies the amortization of asset-related government subsidies recognized in other income as recurring gains and losses, totaling 1,143,091.14 yuan, as they are closely related to the company's normal operations, comply with national policies, and continuously affect the company's profit and loss.25 Management Discussion and Analysis This section analyzes the company's operating performance, core competencies, and financial position, detailing revenue growth driven by fluorochemicals but also net profit decline due to various operational and market factors. Industry and Main Business Overview The company specializes in fluorite mining investment, development, production, and sales, gradually expanding into downstream fluorochemicals, fluorine-containing lithium battery materials, and comprehensive resource recycling. Fluorite is classified as a strategic mineral by China, the US, and the EU. - Since its establishment in 2001, the company has focused on the investment, development, production, and sales of fluorite mines.27 - Since 2021, the company's business has gradually expanded into downstream fluorochemicals and fluorine-containing lithium battery materials, achieving breakthroughs in co-associated fluorite resource development and utilization, and extraction of lepidolite concentrate from lithium-containing fine (tailing) mud.27 Industry Overview The company operates in the non-