Core Viewpoint - The company has announced a change in the use of raised funds, shifting from overseas projects to domestic mining projects, aiming to optimize fund allocation efficiency and focus on high-quality domestic mining markets [1][2]. Fund Usage Change - The company plans to redirect approximately 1.18 billion yuan of the originally raised 1.2 billion yuan for the "Mining Engineering Construction and Mining Equipment Purchase Project" to the "Anning Mining Panketian Iron Mine Open-pit to Underground Mining Project" [1]. - The original project intended to use funds for equipment procurement in overseas mining projects in countries like the Democratic Republic of Congo and Zambia, but only 185.48 million yuan of the raised funds were utilized, with 72.4% of the total investment completed through self-funding [1][2]. Project Details - The "Anning Mining Panketian Iron Mine Open-pit to Underground Mining Project" has a contract value of 3.8 billion yuan (excluding tax) and a construction period of 1500 calendar days, signed with Anning Mining Co., Ltd. on April 1, 2025 [3]. - The project includes critical mining facilities such as three vertical shafts and a mineral recovery system, with construction having commenced on April 20, 2025 [3]. Financial Performance - As of the end of June, the company reported total revenue of approximately 710 million yuan, reflecting a year-on-year increase of 8.35%, and a net profit attributable to shareholders of approximately 44.71 million yuan, up 3.72% year-on-year [3].

Core Viewpoint - The company has successfully upgraded its indirect non-wholly-owned subsidiary, Inner Mongolia Juliy Engineering Blasting Co., Ltd. (Juliy Blasting), to a first-class qualification in mining engineering construction contracting, becoming a dual first-class qualification enterprise in China [1] Group 1: Company Developments - Juliy Blasting now holds both "First-Class Mining Engineering Construction Contracting" and "First-Class Commercial Blasting Operation Unit" qualifications, enhancing its service capability in the mining sector [1] - The dual first-class qualification allows the company to independently undertake large and complex engineering projects, including large-scale open-pit mining, precise underground mining, and tailings pond management [1] Group 2: Strategic Direction - The company plans to leverage its dual first-class qualification to advance its high-quality development strategy [1] - The focus will be on building a full industry chain centered around its core business, promoting collaborative development across various business segments [1]