Company Overview - Northern Copper Industry was established on April 2, 1996, and listed on the Shenzhen Stock Exchange on April 28, 1997, with its registered and office address in Yuncheng, Shanxi Province [1] - The company is a significant copper producer in China, possessing a complete copper industry chain and strong resource assurance and cost control capabilities [1] Financial Performance - As of Q3 2025, Northern Copper's operating revenue was 19.973 billion, ranking 11th among 16 companies in the industry, significantly lower than the top company Jiangxi Copper's 396.047 billion and second-ranked Zijin Mining's 254.2 billion [2] - The net profit for the same period was 689 million, placing it 9th in the industry, far behind Zijin Mining's 45.701 billion and Luoyang Molybdenum's 16.488 billion, and below the industry average of 5.201 billion [2] Financial Ratios - The asset-liability ratio for Northern Copper as of Q3 2025 was 65.81%, higher than the industry average of 54.12%, although it decreased from 67.86% in the same period last year [3] - The gross profit margin was 8.49%, lower than the industry average of 10.36%, but improved from 7.40% in the previous year [3] Management Compensation - The total compensation for General Manager Jiang Weidong was 613,900, a decrease of 95,000 compared to the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.99% to 163,900, while the average number of circulating A-shares held per household decreased by 2.91% to 11,600 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked sixth with 14.9068 million shares, an increase of 3.5978 million shares from the previous period [5]