Ge Long Hui A P P·2025-10-30 06:47Core Insights - Jin Chengxin achieved a net profit attributable to shareholders of 1.753 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 60.37% [1] - In Q3 2025, the net profit attributable to shareholders was 642 million yuan, up 33.68% year-on-year, with performance meeting expectations [1] - The company’s self-owned resource segment produced 64,100 tons of copper equivalent in the first three quarters of 2025, a significant increase of 100.65% compared to the same period last year [1] Production and Project Development - The ongoing development of mining projects is expected to further enhance copper production, particularly with the advancement of the Lubambe technical transformation and Lonshi East District projects [1] - The San Matias copper-silver mine in Colombia is pending local environmental assessment, indicating potential future resource increments for the company [1] Profit Forecast - The projected net profits attributable to shareholders for 2025-2027 are 2.318 billion, 2.679 billion, and 3.019 billion yuan respectively, with previous estimates being 2.18 billion, 2.42 billion, and 2.64 billion yuan [1] - Corresponding price-to-earnings ratios are expected to be 17.49, 15.13, and 13.43 times for the years 2025, 2026, and 2027 [1] - The company maintains a "buy" rating based on these projections [1]