Core Viewpoint - The report from Huaxin Securities indicates that Western Mining's semi-annual performance has shown year-on-year growth, primarily driven by improvements in key metal mining and smelting indicators [1] Group 1: Performance Metrics - The growth in performance during the reporting period is attributed to a dual increase in copper production and prices, with copper production rising by 8% and prices increasing by 11% [1] - Yulong Copper Industry, as a core profit source for the company, made a significant contribution, achieving a net profit of 3.491 billion yuan during the reporting period [1] Group 2: Ownership and Profit Contribution - The company holds a 58% stake in Yulong Copper Industry, resulting in a net profit attributable to the parent company of 2.025 billion yuan, reflecting a year-on-year increase of 21.5% [1] - This profit contribution has provided important support for the overall performance growth of the company [1] Group 3: Future Outlook - With the upcoming advancement of the Yulong Copper Mine Phase III expansion project and a current upward shift in copper price levels, the company is expected to maintain performance growth [1] - The investment rating is maintained at "Buy" based on these positive indicators [1]

华鑫证券7月31日发布研报称，给予西部矿业（601168.SH，最新价：17.36元）买入评级。评级理由主 要包括：1）主力矿山产量表现亮眼，多品种实现增长，冶炼业务同步发力；2）主力矿山玉龙铜矿利润 增长。风险提示：1）金属价格大幅下跌；2）项目进展不及预期；3）经营安全及环保风险；4）工程建 设手续不确定；5）建成时间不确定；6）项产量不及预期等。 （文章来源：每日经济新闻） ...