


Group 1 - The company reported a significant increase in net profit for H1 2025, with a year-on-year growth of 54.41%, reaching approximately 23.29 billion yuan [1] - The company's revenue for H1 2025 was 167.71 billion yuan, reflecting an 11.5% increase compared to the previous year [1] - The company has raised its profit forecasts for 2025-2027, expecting net profits of 46.45 billion yuan, 51.33 billion yuan, and 57.12 billion yuan respectively [1] Group 2 - In H1 2025, the company saw a 9% increase in copper production to 567,000 tons and a 16% increase in gold production to 41.2 tons [2] - The average selling price of copper increased by 6.21% and gold by 42.51% in H1 2025 [2] - The sales costs for copper and gold rose by 8.85% and 37.34% respectively in Q2 2025, primarily due to declining ore grades and increased operational distances [2] Group 3 - The company signed an agreement to acquire 100% equity of the Raygorodok gold mine in Kazakhstan, enhancing its resource base in Central Asia [3] - The RG gold mine has a resource estimate of 241 million tons with an average gold grade of 1.01 grams per ton, totaling 242.1 tons of gold [3] - This acquisition is expected to strengthen the company's regional control by linking it with existing mines in Central Asia [3]