Core Viewpoint - China Minmetals Corporation emphasizes its commitment to value creation and investor returns through strategic development and operational excellence, showcasing strong financial performance in the first half of 2025 [1][2] Group 1: Financial Performance - In the first half of 2025, China Minmetals achieved nearly 400 billion yuan in revenue and over 9 billion yuan in net profit, reflecting a year-on-year growth of 32% [2] - The establishment of China Salt Lake Group and the inclusion of Salt Lake Co. into the corporate structure helped boost its market value to over 100 billion yuan [2] - After a major asset restructuring, the market value of China Tungsten High-Tech increased from approximately 10 billion yuan to over 40 billion yuan, marking a 200% year-on-year growth [2] Group 2: Strategic Developments - The formation of China Salt Lake Group enhances China's control over strategic resources such as potassium fertilizer and lithium salts, aligning with the group's "resource-first" strategy [1] - China Minmetals is focusing on technological innovation to drive the transformation towards high-end, intelligent, and green industries [2] Group 3: Operational Highlights - Salt Lake Co. aims to build a world-class salt lake industry base, focusing on high-quality development and resource integration [3] - China Metallurgical Group has seen significant growth in overseas contracts, with new contracts increasing from 41.4 billion yuan in 2022 to 93.1 billion yuan in 2024, and accounting for over 10% of total contracts in the first half of 2025 [3] - Five Mining Resources has stabilized operations at the Las Bambas mine in Peru, contributing 1% to Peru's GDP and 72% to the regional economy, while also investing approximately 600 million yuan in local infrastructure [4] Group 4: Shareholder Returns and Management - The company is committed to enhancing shareholder returns through improved capital operations and a proactive dividend strategy [5] - The management emphasizes the importance of maintaining healthy operations as a foundation for effective market value management [5]