Group 1 - The company has been deeply engaged in the mining machinery manufacturing industry for 20 years, focusing on key mineral processing stages, and successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2020 [1] - The company produces three main categories of products: mineral processing equipment, spare parts, and mining pipelines, while also providing mineral processing system solutions and services [1] - The global mineral processing equipment market is expected to continue expanding due to the upward cycle of the mining industry, with a projected copper exploration budget of $3.2 billion in 2024, which is $1.5 billion lower than the previous peak [1] Group 2 - The company is at the forefront of technology in rubber wear parts and slurry pumps, with innovations in composite lining materials and structures, and plans to complete a technology upgrade project by December 2025 [2] - The company’s self-developed large slurry pumps can compete with similar products from European and American companies, and the ceramic slurry pump has entered the market promotion stage [2] Group 3 - The company is steadily advancing its global strategy, with subsidiaries increasing stakes in foreign companies and expanding operations in South America, including a factory in Zambia and a factory in Chile to meet growing orders [3] - The establishment of overseas bases will allow Chinese mining companies to procure locally, and the company plans to set up supporting after-sales services in these regions [3] Group 4 - The company is expected to benefit from the rising mining cycle and strong expansion intentions from downstream mining enterprises, with projected revenues of 1.314 billion, 1.602 billion, and 1.854 billion yuan for 2025, 2026, and 2027 respectively, showing year-on-year growth rates of 17.1%, 21.9%, and 15.8% [4] - The net profit attributable to the parent company is expected to be 148 million, 198 million, and 248 million yuan for the same years, with growth rates of 26.8%, 33.9%, and 25.4% respectively [4]