Core Viewpoint - Sichuan Gold has successfully acquired exploration rights for the Kugezi-Juebei gold mine in Xinjiang, which aligns with the company's strategic goals and is expected to enhance its resource base and competitiveness [2]. Group 1: Acquisition and Exploration Rights - On September 30, Sichuan Gold won the exploration rights for the Kugezi-Juebei gold mine in Xinjiang for 510 million yuan, which is located in a significant gold mineralization belt in China [2]. - The exploration area shows favorable geological conditions for mineralization, with gold anomalies extending several kilometers [2]. Group 2: Business Operations - Sichuan Gold's operations focus on the construction, mining, and processing of gold at the Suologou gold mine, producing gold concentrates and refined gold for various applications [3]. - The company has established itself as a major player in the domestic gold mining sector and has received recognition as a national-level green mine enterprise [3]. Group 3: Financial Performance - In the first half of 2025, Sichuan Gold reported revenues of 442 million yuan, an increase of 11.92% year-on-year, and a net profit of 209 million yuan, up 48.41% year-on-year, benefiting from rising gold prices [4]. - Despite the increase in revenue, the production and sales volume of gold concentrates decreased due to the declining ore grade as the Suologou mine enters a residual mining phase [4].

Core Viewpoint - Sichuan Gold has successfully acquired exploration rights for the Kugezi-Juebei gold mine in Xinjiang, which aligns with the company's strategic goals and is expected to enhance its resource base and core competitiveness [1]. Group 1: Acquisition and Exploration Rights - On September 30, Sichuan Gold won the exploration rights for the Kugezi-Juebei gold mine in Xinjiang for 510 million yuan [1]. - The exploration area is located in a significant gold mineralization belt in China, indicating favorable geological conditions for mining [1]. - The funding for this acquisition will come from the company's own funds or bank loans, and it does not require shareholder approval as it falls within the board's authorized limits [1]. Group 2: Business Operations - Sichuan Gold's operations focus on the construction, mining, and processing of gold at the Suoluo River gold mine, producing gold concentrates and refined gold [2]. - The company sells its products to downstream smelting or refining enterprises, which then process them into standard gold products for various uses, including jewelry and government reserves [2]. - Sichuan Gold is recognized as a major gold mining enterprise in China and has been awarded national-level green mine status [2]. Group 3: Financial Performance - In the first half of 2025, Sichuan Gold reported revenues of 442 million yuan, an increase of 11.92% year-on-year, and a net profit of 209 million yuan, up 48.41% year-on-year [3]. - The increase in net profit is attributed to rising gold prices, despite a decrease in the quantity of gold concentrates produced and sold due to the mining site entering a residual mining phase [3]. - The basic earnings per share for the reporting period were 0.4967 yuan [3].