Core Viewpoint - The report highlights the financial performance of Tongling Nonferrous Metals Group Co., Ltd. for the first half of 2025, indicating a revenue increase but a significant decline in net profit and earnings per share [1][5]. Financial Performance - The company's operating revenue for the reporting period reached approximately CNY 76.08 billion, representing a 6.39% increase compared to the same period last year [1]. - The net profit attributable to shareholders decreased to CNY 143.15 million, a decline of 35.19% year-on-year [4][5]. - Basic earnings per share fell to CNY 0.11, down 35.29% from CNY 0.17 in the previous year [1][4]. Financial Ratios - The weighted average return on equity decreased to 4.20%, down from 6.68% in the previous year, reflecting a decline of 2.48 percentage points [1]. - The total assets increased by 12.22% to approximately CNY 90.84 billion compared to the end of the previous year [1]. - The asset-liability ratio rose to 54.54%, an increase of 6.74% from 47.80% at the end of the previous year [4]. Shareholder Information - The largest shareholder, Tongling Nonferrous Metals Group, holds 47.77% of the shares, with no changes in the controlling shareholder during the reporting period [2][3]. - The top ten shareholders include various institutional investors, with no significant changes in their holdings reported [2][3]. Investment Activities - The company has partnered with several investment institutions to establish a venture capital fund, with a total fund size of CNY 1.004 billion, aimed at optimizing and extending the industrial chain [5]. - As of June 30, 2023, the company has completed its capital contribution to the partnership, amounting to CNY 85 million [5].