Zheng Quan Zhi Xing·2025-06-19 12:07Group 1 - The company emphasizes resource expansion as a long-term development strategy, with significant investments in geological research and exploration activities, resulting in new tin resources of 17,600 tons and copper resources of 34,800 tons discovered in 2024 [2] - The company holds tungsten oxide resources of 77,800 tons and has received a quota of 688 tons for tungsten mining in 2025, which will be organized according to provincial regulations [3] - Global tin supply remains tight due to slow recovery in Southeast Asian tin-producing countries and temporary shutdowns in African countries, leading to a decline in domestic refined tin production and inventory [4] Group 2 - The company is implementing cost control measures through lean management and optimizing the entire production process to enhance operational efficiency amid low smelting processing fees [5] - The company is progressing with its share repurchase plan, which was approved by the board and will be submitted for shareholder approval [6] - The company has established a value management system to enhance performance and shareholder returns through increased cash dividends and share buybacks [7] Group 3 - In Q1 2025, the company reported a main revenue of 9.729 billion yuan, a year-on-year increase of 15.82%, and a net profit attributable to shareholders of 499 million yuan, up 53.09% [8] - The company has seen a net outflow of 323 million yuan in financing over the past three months, with a decrease in financing balance, while the short-selling balance has increased [9]