Zhong Guo Zheng Quan Bao·2025-09-29 20:46Core Viewpoint - China Minmetals Corporation emphasizes "resources" as its primary strategy and aims for high-end, intelligent, and green development through technological innovation [1][2] Group 1: Business Overview - China Minmetals, established in 1950, is a state-owned enterprise directly managed by the central government, focusing on metal minerals and has developed a full industry chain covering exploration, construction, operation, smelting, trade, logistics, R&D, and financial capital [1] - As of mid-2025, China Minmetals has total assets of nearly 1.5 trillion yuan and reported revenue of 381.1 billion yuan [1] Group 2: Resource Assurance and Development - The company is enhancing its resource assurance capabilities, with significant increases in resources for copper, lead-zinc, nickel, cobalt, tungsten, tin, and antimony expected in 2024 [2] - China Minmetals has formed the China Salt Lake Group with Qinghai Province to accelerate the construction of a world-class salt lake industry base, with Salt Lake Co. becoming the ninth listed subsidiary [2] - Minmetals Resources, a flagship platform for overseas base metal development, holds 18.6 million tons of copper and 11.9 million tons of zinc resources, positioning it as a leading global producer [2] Group 3: Technological Innovation and Development - The company is focusing on technological innovation as a core driver, leveraging national-level R&D platforms to foster strategic emerging industries in metal materials, special materials, equipment manufacturing, digital economy, and energy conservation [3] - China Minmetals boasts 10 national-level manufacturing champions, 20 specialized "little giant" enterprises, and 14 "double hundred" enterprises [3] Group 4: Business Diversification and Upgrading - The metallurgical construction sector is aligning with new industrialization and urbanization, while trade logistics is developing a comprehensive model integrating resources, trade, logistics, and services [4] - Financial capital aims to optimize business structure with a focus on technology, green, and industrial finance [4] - Zhongtung High-tech is promoting the high-end, intelligent, and green transformation of the non-ferrous metal industry, with significant production increases expected post-technical upgrades [4] Group 5: Investor Relations and Value Creation - China Minmetals is committed to enhancing the value creation and realization of its listed companies, focusing on improving company quality, optimizing investor return mechanisms, and enhancing investor relations management [5][6] - The company plans to support listed companies in developing sustainable profit distribution policies and encourage cash dividends and share buybacks to boost investor confidence [6] - Efforts will be made to improve communication with investors through various engagement activities, enhancing information disclosure quality and market recognition [6]