Core Viewpoint - The A-share non-ferrous metal industry shows a positive trend in earnings forecasts for the first half of 2025, with over 80% of the companies expected to be profitable, despite some companies facing significant losses due to market fluctuations in lithium products [1][2][7]. Group 1: Earnings Forecast Overview - A total of 141 companies are classified under the non-ferrous metal industry, with 54 companies having released their earnings forecasts for the first half of 2025 [1]. - Among the 54 companies, 44 are expected to be profitable, representing over 80% of the total [1][3]. - The companies with the highest projected net profits include Zijin Mining, with an expected profit of 232 billion yuan, and Luoyang Molybdenum, with a forecasted profit between 82 billion to 91 billion yuan [5][6]. Group 2: Positive Earnings Forecasts - Out of the 54 companies, 40 are categorized as having positive earnings forecasts, which includes 24 companies expecting profit increases and 4 companies anticipating slight increases [2][3]. - Zijin Mining's net profit is projected to grow by 54% compared to the same period last year, driven by rising sales prices of gold, copper, zinc, and silver [5][6]. - Luoyang Molybdenum expects a profit increase of 51.37% to 67.98%, attributed to higher copper and cobalt prices and increased production and sales [6]. Group 3: Negative Earnings Forecasts - Ten companies are expected to report losses, with the largest projected losses from Shengxin Lithium Energy and Ganfeng Lithium [7][10]. - Shengxin Lithium Energy anticipates a loss of 720 million to 850 million yuan, citing declining lithium product prices and increased asset impairment provisions as key factors [10]. - Ganfeng Lithium is expected to report a loss between 300 million to 550 million yuan, also impacted by falling prices of lithium salts and battery products [10].