Resource and Exploration - As of the end of 2024, the company holds metal resources of 7.13 million tons of zinc, 3.66 million tons of lead, 1.43 million tons of copper, 6,607 tons of silver, 90 tons of gold, 92,400 tons of nickel, 717 tons of gallium, 240 tons of germanium, and 16,500 tons of tungsten [1] - In 2024, the company added 1.5145 million tons of lead, zinc, and copper resources, along with 24 tons of gold and 10,000 tons of tungsten through exploration and mining rights acquisition [1] - Significant breakthroughs in exploration include 141,800 tons of lead and zinc resources and 67 tons of silver at the Fankou lead-zinc mine, and 32,000 tons of lead and zinc at the Panlong lead-zinc mine [1][2] Production and Financial Performance - In 2024, the company achieved a revenue of 59.812 billion CNY and a net profit of 1.082 billion CNY, marking a year-on-year increase of 57.30% [3] - In Q1 2025, the company reported a revenue of 16.072 billion CNY and a net profit of 273 million CNY [3] - The company plans to produce 251,700 tons of lead and zinc metals in 2025, including 71,000 tons of lead and 180,700 tons of zinc [4] New Materials Sector - The company has successfully entered the high-end new materials sector, focusing on advanced materials and holding multiple patents and awards [5][6] - In 2023, the company acquired a leading domestic enterprise in the field of thermal bimetals, enhancing its position in high-end composite metal materials [6] Strategic Planning - The company aims to build a world-class production and management system in the non-ferrous metals sector, focusing on copper, lead, and zinc [7] - Future strategies include enhancing traditional industries' high-end, intelligent, and green transformation, and expanding into strategic emerging industries like new materials and advanced manufacturing [7]

Core Viewpoint - Shenzhen Zhongjin Lingnan Nonfemet Company maintains a stable credit rating of AA+ based on its strong resource reserves, operational advantages, and improved debt repayment indicators, despite facing challenges from fluctuating metal prices and rising inventory costs [2][4][9]. Financial Overview - Total assets increased from 326.57 billion in 2022 to 484.78 billion in 2025 [7]. - Owner's equity rose from 152.95 billion in 2022 to 178.73 billion in 2025 [7]. - Total liabilities increased from 173.62 billion in 2022 to 306.06 billion in 2025 [7]. - Total revenue decreased from 656.47 billion in 2023 to 598.62 billion in 2024, with a net profit of 13.21 billion in 2024 [7][31]. - The operating cash flow showed a decline, with a net cash flow of -2.82 billion in the first quarter of 2025 [7]. Industry Context - The nonferrous metal industry is cyclical and closely tied to global economic conditions, with significant price volatility impacting profitability [11]. - The lead and zinc market is expected to face supply pressures in 2025, with potential price declines due to increased production and changing consumption patterns [12][13]. - Copper prices are projected to rise in 2025, supported by domestic demand, although processing fees are under pressure [15][31]. Company Strengths - The company has rich lead and zinc resource reserves and a complete industrial chain, with significant scale and technical advantages in smelting operations [9][11]. - The company benefits from strong external support from its state-owned parent company, enhancing its operational stability [11][16]. - The company is actively expanding its new materials segment, which is expected to contribute to future growth [19][31]. Risks and Challenges - The company faces challenges from declining processing fees and rising inventory costs, which could pressure profit margins [4][9][26]. - The ongoing construction of new projects may require significant capital expenditures, impacting liquidity [30][31]. - The company must navigate the uncertainties in global economic conditions and commodity prices, which could affect its financial performance [11][12].

中金科技不仅构建了完善的产业发展优势，更在科技创新和产业创新融合发展的道路上迈出了坚实 的步伐。 在高性能粉体材料领域，无汞电池锌合金产品更是成为了公司的明星产品。该产品通过自主创新， 填补了国内高性能碱性锌锰电池用无汞锌合金产品主要依赖进口的空白。 在深圳这座充满创新活力的城市，新材料产业正如一颗璀璨的新星，照亮着科技革命和产业变革的 道路。在这片热土上，国家级专精特新"小巨人"企业，深圳市中金岭南有色金属股份有限公司所属深圳 市中金岭南科技有限公司（下称"中金科技"）凭借其卓越的创新能力和深厚的行业积淀正闪闪发光。 作为广晟控股集团的重要成员，中金科技在发展过程中深入践行广晟控股集团FAITH经营理念，在 科技创新、人才培育等方面取得显著成就，加速向世界一流新材料制造商的目标迈进。 深耕细作，以"专"淬底蕴 广晟控股集团FAITH经营理念强调"聚焦主业"。中金科技牢记国企使命，以国家战略需求为导向， 深耕有色金属先进材料领域，致力于解决"卡脖子"技术难题。 自成立以来，中金科技始终专注于高性能粉体材料、热双金属、电池储能材料和复合金属材料的研 发制造。通过23年的深耕细作，公司在电池锌合金、冲孔镀镍钢带等 ...