恒邦股份：在冶炼过程中，稀散金属是复杂金精矿的伴生产品，毛利率较高，增加了公司的利润弹性

Core Viewpoint - The company is focused on enhancing its profitability through continuous optimization of its business structure, particularly in its core smelting operations which yield higher profit margins from by-products like rare metals [1] Group 1 - The smelting business is identified as the company's core profit-generating segment [1] - Rare metals, as by-products of complex gold concentrates, contribute to higher profit margins, increasing the company's profit elasticity [1] - The company is actively implementing measures to improve its gross profit margin [1]