Xin Lang Zheng Quan·2025-09-05 08:09Core Viewpoint - The analysis focuses on the inventory status of 58 representative industrial metal companies as of the first half of 2025, highlighting significant changes in inventory scale and turnover efficiency. Group 1: Inventory Scale - In the first half of 2025, most industrial metal companies experienced an increase in inventory scale, with Ningbo Fubon showing the highest growth rate at 1.77 billion yuan, a year-on-year increase of 699.13% [1] - Xinyuan Intelligent Manufacturing also saw a substantial increase in inventory scale, reaching 0.6 billion yuan, which is a year-on-year growth of 122.43% [1] Group 2: Inventory as a Percentage of Total Assets - In 2024, several companies had a high inventory-to-total-assets ratio, with Yuguang Gold Lead at 53.57%, Northern Copper at 39.48%, and Zinc Industry Co. at 38.92% [2][3] - Yuguang Gold Lead's inventory scale was 10.43 billion yuan, reflecting a year-on-year increase of 10.68% [2] - Other notable companies include Yunnan Copper with an inventory scale of 19.98 billion yuan, a year-on-year increase of 16.12%, and Huafeng Aluminum with an inventory scale of 2.88 billion yuan, a year-on-year increase of 26.6% [2][3] Group 3: Inventory Turnover Efficiency - Most companies reported inventory turnover days below 90 days, indicating efficient inventory management [5] - The companies with the lowest inventory turnover efficiency were Huayu Mining, Hongxing Co., and Shengda Resources, with turnover days of 194, 177, and 137 days, respectively [5]