JINHUIINC.(SH:603132) Zheng Quan Ri Bao Wang·2025-11-11 13:25Core Viewpoint - Jinwei Mining Co., Ltd. has demonstrated strong resilience in its operations, achieving growth in both revenue and net profit in the first three quarters of the year despite fluctuations in non-ferrous metal prices [1][2]. Financial Performance - For the first three quarters, Jinwei Mining reported a revenue of 1.18 billion yuan, an increase of 7.01% year-on-year, and a net profit attributable to shareholders of 346 million yuan, up 0.36% year-on-year [1]. - Zinc concentrate production reached 49,700 tons, a year-on-year increase of 10.16%, with sales also rising to 49,700 tons, up 10.46% [1]. - Lead concentrate (including silver) production was 16,300 tons, a year-on-year increase of 4.45%, with sales at 16,300 tons, up 2.86% [1]. Business Operations - Jinwei Mining's main business includes exploration, mining, processing, and sales of lead, zinc, and silver resources, with a mining capacity of 1.78 million tons per year [2]. - The company has completed the acquisition of the remaining equity of its subsidiary, Gansu Haosen Mining Co., Ltd., achieving 100% control over it, which solidifies the resource base for future growth [2]. - The Jianglu mining area has integrated three mining rights into Gansu Jinwei Xicheng Mining Co., Ltd., laying a solid foundation for future development [2]. Strategic Development - The Jianglu mining area flotation plant, with a capacity of 1.5 million tons per year, is expected to meet trial production conditions by the end of 2025, with all supporting construction completed [2]. - Jinwei Mining is increasing its exploration and development efforts in various mining areas, such as the Yangjiashan-Yuanjiaping lead-zinc-gold polymetallic exploration project, which has identified a resource scale of medium to large size [2]. - The company plans to continue deepening its focus on mineral resource mergers and acquisitions, with ongoing projects aimed at increasing resource reserves [3].