金岭矿业上半年营收7.68亿元同比增10.17%，归母净利润1.50亿元同比增88.14%，销售费用同比增长28.21%

Core Insights - Jinling Mining reported a revenue of 768 million yuan for the first half of 2025, representing a year-on-year increase of 10.17% [1] - The net profit attributable to shareholders reached 150 million yuan, showing a significant year-on-year growth of 88.14% [1] - The basic earnings per share stood at 0.25 yuan [1] Financial Performance - The gross profit margin for the first half of 2025 was 27.71%, an increase of 10.12 percentage points year-on-year [2] - The net profit margin was 19.97%, up by 8.08 percentage points compared to the same period last year [2] - In Q2 2025, the gross profit margin rose to 30.83%, reflecting a year-on-year increase of 12.87 percentage points and a quarter-on-quarter increase of 6.74 percentage points [2] - The net profit margin for Q2 2025 was 25.09%, which is an increase of 10.71 percentage points year-on-year and 11.05 percentage points quarter-on-quarter [2] Cost Management - Total operating expenses for the first half of 2025 were 54.11 million yuan, a decrease of 3.32 million yuan from the previous year [2] - The expense ratio was 7.04%, down by 1.19 percentage points year-on-year [2] - Sales expenses increased by 28.21%, while management and R&D expenses saw modest increases of 0.57% and 4.31%, respectively [2] - Financial expenses decreased by 19.38% [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 32,600, a decrease of 1,867 or 5.42% from the previous quarter [2] - The average market value per shareholder increased from 116,400 yuan to 129,100 yuan, reflecting a growth of 10.92% [2] Company Overview - Jinling Mining, established on September 28, 1996, is located in Zibo City, Shandong Province [3] - The company primarily engages in iron ore mining and the production and sale of iron concentrate, copper concentrate, cobalt concentrate, and pellet ore [3] - The main business revenue composition includes 91.13% from ferrous metals, 8.46% from other sources, and 0.41% from mechanical processing [3] - The company is classified under the steel and metallurgical raw materials industry, specifically iron ore [3]