Group 1: Mining Projects and Production Capacity - The Jin Xin Mining's 5,000 tons/day beneficiation plant construction is nearly complete, entering the trial operation phase [5] - The company is actively processing the application for a mining license of 5 million tons/year for Jin Xin Mining, with key procedures already met [3] - The Zhongdu Mining's 350,000 tons/year expansion project has received approval, with other procedures progressing smoothly [3] Group 2: Financial Performance and Profitability - In the first half of 2025, the company reported a net profit of 5.21 billion yuan, a year-on-year increase of 1,111.34%, primarily due to non-recurring gains from the sale of a 65% stake in Yubang Mining [7] - The company's operating cash flow was -341 million yuan, attributed to increased production costs and inventory [6] - The overall gross margin decreased by 23.96 percentage points to 13.51% [7] Group 3: Strategic Development and Market Position - The company plans to enhance its investment value and shareholder returns through ongoing management of production, cash dividends, and investor relations [5] - The company is focusing on optimizing production processes and expanding diversified sales channels to strengthen market competitiveness [6] - The company is exploring the potential of solid-state batteries, leveraging its lithium and sulfide resources, which are crucial for the production of electrolytes [4] Group 4: Resource Management and Future Plans - The company will continue to conduct exploration and resource increase work within its mining rights [4] - The company is in the process of restructuring and evaluating its assets, with significant progress expected in the near future [6] - The company is enhancing its resource utilization efficiency and economic benefits through technical upgrades and expansion projects [8]

Group 1 - The company's stock price has experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days (June 23, 24, and 25, 2025) [1] - The company has verified that there are no undisclosed significant matters that should have been disclosed according to the Shenzhen Stock Exchange regulations [2] - The subsidiary Jiangsu Tairui Lanteng Material Technology Co., Ltd. has obtained a patent for lithium sulfide materials, which are essential for producing solid-state battery electrolytes, and the company is advancing the industrialization of this patent [1][2] Group 2 - The company is conducting research and testing related to the patent in an orderly manner, although there are risks associated with the industrialization and commercialization of the project due to macroeconomic factors, industry policies, and market environment changes [1][2]