NFC(SZ:000758) Zheng Quan Shi Bao Wang·2025-12-30 12:39Group 1 - The core point of the news is that China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (中色股份) announced a significant investment of 1.741 billion yuan to expand its lead-zinc mining capacity from 990,000 tons per year to 1.65 million tons per year, representing a 66.67% increase [1] - The expansion project will include the construction of a main shaft, auxiliary slope, a processing plant with a capacity of 1.65 million tons per year (equivalent to 5,000 tons per day), and supporting facilities such as a tailings pond and pumping station, with a construction period of approximately three years [1] - The total investment of 1.741 billion yuan will be financed by 30% from the company's own funds and 70% through bank loans, with interest during the construction period covered entirely by self-funding [1] Group 2 - For the first three quarters of 2025, the company reported revenue of 6.931 billion yuan and a net profit attributable to shareholders of 481 million yuan, with basic earnings per share of 0.2413 yuan [2] - The company's dual-driven strategy of "engineering contracting + resource development" has shown continuous effectiveness, with a backlog of uncompleted contracts in the engineering contracting sector amounting to 34.688 billion yuan [2] - Domestic lead and zinc prices have shown a steady recovery since the second half of 2025, with zinc ingot prices rising approximately 12% and lead ingot prices increasing over 8% by the end of December, driven by global demand recovery and domestic infrastructure investment [2]