Group 1: Business Overview - The company has a broad geographical distribution of engineering projects, focusing on key markets in Kazakhstan, Congo (DRC), India, Indonesia, Vietnam, and surrounding countries [2] - In 2024, the company's engineering contracting business revenue reached 43.01 billion yuan, a year-on-year increase of 7.39% [2] - The total new contract amount signed in 2024 was 164.88 billion yuan, including significant projects worth over 1.4 billion USD in Kazakhstan and 429 million USD in Indonesia [2] Group 2: Strategic Focus - The company adheres to a "resource + engineering" dual-drive strategy, actively expanding its overseas engineering market and participating in the "Belt and Road" initiative [2] - The resource segment focuses on increasing reserves and production, with a core emphasis on zinc, while also exploring gold, silver, and tin [2] - The Darui lead-zinc mine is expected to significantly enhance the company's capacity upon completion, serving as a strategic support for future growth [2] Group 3: Market Dynamics - The company has evolved from a single foreign engineering contractor to a comprehensive international enterprise covering the entire industry chain of non-ferrous metals [3] - The cyclical nature of the non-ferrous metal industry is mitigated by the company's dual business advantages and full industry chain layout, enhancing its risk resistance [3] Group 4: Value Management - The company emphasizes value creation and technological innovation in its market value management efforts, integrating these principles into strategic planning [3] - In 2025, the group company increased its shareholding in the company by approximately 2% based on confidence in future development [3] - The company has established a profit distribution plan for 2024, which has been approved by the annual shareholders' meeting [3] Group 5: Corporate Positioning - The company aims to build an overseas EPC engineering contracting platform, enhancing internal integration and business collaboration within the group [3] - As a professional listed platform for lead and zinc resources, the company is positioned to seize development opportunities in other metal resources [3]