Core Viewpoint - Huaxi Nonferrous disclosed its semi-annual report for 2025, showing significant growth in revenue and net profit, alongside an increase in total and net assets, indicating a strong operational performance in the first half of the year [1] Financial Performance - The company achieved operating revenue of 2.787 billion yuan, a year-on-year increase of 23.66% [1] - Net profit attributable to shareholders reached 382 million yuan, up 9.49% year-on-year [1] - Total assets at the end of the reporting period were 8.135 billion yuan, an increase of 5.10% from the beginning of the year [1] - Net assets attributable to shareholders were 4.382 billion yuan, reflecting a 9.59% increase from the start of the year [1] Resource and Production Capacity - Huaxi Nonferrous is a comprehensive nonferrous metal mining enterprise with a complete industry chain from exploration to deep processing [1] - The company holds significant mineral resources, ranking first in Guangxi for tin, antimony, indium, zinc, lead, and silver reserves, with tin, antimony, and indium resources among the top globally [1] - The total ore resource at major mines is 89.591 million tons, with metal resources amounting to 4.4925 million tons [2] - The company has increased its resource reserves significantly, with a 93.59% growth in the cumulative resource amount at the Fozzi company mining area [2] Safety and Environmental Initiatives - The company has implemented technological advancements to enhance safety, including mechanization, automation, and intelligent operations [1] - No major production safety incidents occurred during the reporting period, demonstrating effective safety and environmental management [1] Research and Development - Huaxi Nonferrous has increased investment in the development of deep and new materials, achieving a 71% growth in the production of these materials [3] - Sales revenue from deep and new products exceeded 128 million yuan, marking an 86.84% year-on-year increase [3] - The company has obtained several patents, including one invention patent and three PCT patents during the reporting period [3] Project Development - The company is advancing several key projects, including the deep mining project which will increase ore production capacity from 330,000 tons/year to 450,000 tons/year [3] - The copper-zinc mining project in Nandan County has successfully transitioned from exploration to mining rights, expanding its production scale to 3.5 million tons/year [3] - Performance commitments related to mining rights and restructuring have been exceeded, with significant progress reported [3]