Group 1 - The company held a specific object research meeting on December 30, 2025, attracting eight institutions including Guangfa Securities and Zhongou Fund, with company executives participating in discussions [1] - The company signed a significant order worth 3 billion yuan for equipment needed for an iron ore project, with an expected operational period of 10 years and corresponding operational costs of approximately 3 billion yuan [2] - The company is focusing on a "light asset operation" strategy for overseas business, emphasizing technology output and after-market services rather than heavy asset factory construction [3] Group 2 - The Brownhill gold mine project in Zimbabwe serves as a benchmark for the company's overseas light asset cooperation, with expected revenue sharing of approximately 27.3 million USD from gold sales [4] - Future growth is anticipated through the implementation of the "Three Transformations and One Optimization" strategy and the "One Body and Two Wings" strategic layout, focusing on after-market business and overseas light asset expansion [5]