Core Viewpoint - Baiyin Nonferrous Metals Group Co., Ltd. reported a stable performance in the first half of 2025, achieving an operating income of 44.559 billion yuan and a net profit attributable to shareholders of 433 million yuan, demonstrating strong operational resilience in a complex environment within the nonferrous metals industry [1] Group 1: Financial Performance - The company achieved an operating income of 44.559 billion yuan in the first half of 2025 [1] - The net profit attributable to shareholders reached 433 million yuan [1] - The production output of various metals included 13.05 thousand tons of copper, lead, zinc, and molybdenum concentrates [1] Group 2: Production and Operations - The cumulative output of copper, lead, zinc, and molybdenum concentrates was 13.05 thousand tons, with specific outputs of 31.8 thousand tons of copper, 83.6 thousand tons of zinc, 14.9 thousand tons of lead, and 174 tons of molybdenum [1] - The smelting system produced a total of 426.2 thousand tons of copper, zinc, and lead products, including 197 thousand tons of cathode copper, 13.8 thousand tons of electrolytic lead, and 215.4 thousand tons of zinc products [1] - The production of gold was 11,773 kilograms, silver was 270.54 tons, and sulfuric acid was 1.0746 million tons, indicating stable core product output [1] Group 3: Key Projects and Developments - The company accelerated the implementation of key projects, including the green mining reagent technology transformation project, with the first phase production line of 15 thousand tons officially launched [2] - The intelligent copper smelting factory project has made progress, completing 28 sub-projects and focusing on IT resource construction and boiler flue dust automatic delivery [2] - Various domestic and overseas mineral projects are advancing, including the completion of the second phase of the tailings dam for the Shouxin Peru Company and the operational approval for the first gold Gedex mining resource recovery project [2]

Group 1: Company Performance - In the first half of 2025, the company achieved an operating income of 31.089 billion yuan, a year-on-year increase of 1.54% [1] - The net profit attributable to shareholders was 559 million yuan, reflecting a year-on-year growth of 3.12% [1] - The company produced 125,400 tons of refined lead and zinc metals, with domestic mines contributing 76,000 tons [1] Group 2: Stock Issuance and Financial Strategy - The company plans to issue A-shares to raise no more than 1.5 billion yuan, aimed at supplementing working capital and repaying bank loans [2] - The funding from the controlling shareholder, Guangsheng Holdings Group, is expected to help reduce the asset-liability ratio and alleviate financial pressure [2] - The issuance is pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, with uncertain timelines for approval [2] Group 3: Resource and Exploration Activities - The company prioritizes resource strategy, aiming to build a globally competitive non-ferrous metal industry chain [3] - As of the end of 2024, the company holds metal resources of 7.13 million tons of zinc, 3.66 million tons of lead, and 1.43 million tons of copper [3] - The company has successfully acquired several mining rights in Guangdong Province, enhancing its resource development capabilities [3] Group 4: New Materials Sector - The company has entered the high-end new materials sector through innovation and acquisitions, focusing on advanced materials [4] - Its subsidiary, Zhongjin Technology, specializes in high-performance powder materials and has received multiple national awards [4] - In 2023, the company acquired a leading domestic enterprise in the thermal bimetal sector, furthering its capabilities in composite metal materials [5]