CITIC Metal (SH:601061) Zheng Quan Shi Bao Wang·2025-08-28 13:31Core Viewpoint - CITIC Metal reported strong financial performance in the first half of 2025, with significant growth in revenue and net profit, driven by strategic adjustments and market adaptability [2][3]. Financial Performance - In the first half of 2025, CITIC Metal achieved operating revenue of 63.657 billion yuan, with a net profit attributable to shareholders of 1.448 billion yuan, representing a year-on-year increase of 30.90% [2]. - The net profit excluding non-recurring gains and losses was 1.385 billion yuan, showing a remarkable year-on-year growth of 103.98% [2]. Business Segments - The non-ferrous metal business generated revenue of 51.1 billion yuan, reflecting a year-on-year increase of 14.35% [2]. - The copper business successfully navigated challenges such as instability in the Democratic Republic of Congo and logistics issues in Africa, enhancing marketing networks and expanding upstream and downstream channels [2]. - The niobium business strengthened collaborations with Brazilian mining companies and strategic clients, maintaining a domestic market share of 80% and solidifying its leading position in traditional steel sectors [2]. Investment Activities - CITIC Metal enhanced post-investment management of projects, yielding good investment returns [3]. - The production and sales of the Bamba copper mine in Peru increased by over 50% year-on-year, marking the first dividend since its acquisition in 2014 [3]. - The KK copper mine, operated by Ivanhoe Mines, produced 245,000 tons of copper concentrate in the first half, a 31% increase year-on-year [3]. - The Kipushi zinc mine, recognized for its high-grade zinc, reported a resource of 11.78 million tons and produced 85,000 tons of zinc concentrate, a 64% increase compared to the entire year of 2024 [3]. Technological Innovation - CITIC Metal emphasized the importance of technological innovation as a strategic pillar, aiming to enhance business capabilities through technology [3]. - The company plans to promote high-strength steel technology in automotive manufacturing and explore advanced battery materials for electric vehicles and nanocrystalline magnetic materials [3].