Core Viewpoint - Shengda Resources has demonstrated strong performance in the non-ferrous metal mining sector, with significant revenue growth and robust operational capabilities [2][3]. Financial Performance - The company reported a revenue of 906 million yuan, representing a year-on-year increase of 6.34% [2]. - Revenue from non-ferrous metal mining reached 640 million yuan, showing a substantial increase of 44.24% [2]. - The gross profit margin for non-ferrous metal mining operations stands at 62.64%, indicating strong profitability [2]. Resource Reserves - Shengda Resources controls seven mining subsidiaries, with confirmed reserves of approximately 12,000 tons of silver and 34 tons of gold [2]. - The main mining asset, Yindu Mining, is noted for having the highest gross profit margin among listed companies in the silver polymetallic mining sector [2]. Mining Development - The company is advancing the integration of mining rights for the Bairenda Silver Polymetallic Mine, aiming to secure new mining licenses in the second half of the year [2]. - Jinshan Mining, the only gold and silver mine in production, has reported an increase of 1.82 million tons in verified ore reserves and an increase of 608.67 tons in silver reserves [3]. - The construction of several waiting-to-produce mines is progressing as planned, with some nearing completion of trial operations [3]. Future Outlook - The company plans to accelerate the construction and production of related mines while controlling production costs to achieve annual production targets [4]. - There is an intention to capitalize on favorable trends in metal prices and to develop effective sales strategies to maximize operational efficiency [4].