China Minmetals' performance hit an all-time high in the first half of the year.

High-quality promotion of party building and operation, mutual promotion of Shuangyou China Minmetals' performance hit a record high in the first half of the year.

"from January to June in 2021, operating income increased by 35% compared with the same period last year, total profit increased by 175%, net profit increased by 182%, and the main operating indicators increased significantly." This is a brilliant report card handed over by China Minmetals Group Co., Ltd. in the first half of the year.

Since 2021, under the guidance of Xi Jinping's thought of socialism with Chinese characteristics in the new era, China Minmetals has closely focused on celebrating the Party's centenary, carrying out in-depth study and education on party history, and resolutely implementing the decisions and arrangements of the Party Central Committee and the State Council. With "revenue exceeding trillion yuan, doubling again in five years" as the strategic guidance, we will seize new opportunities in the opening of new games, improve quality in the midst of steady growth, and create the best outstanding achievements in history. Ranked An in the business performance assessment results of the responsible persons of central enterprises newly announced by the State-owned assets Supervision and Administration Commission of the State Council in 2020, achieved a high starting point of the "14th five-year Plan" and presented a gift to the 100th anniversary of the founding of the Party with outstanding achievements.

Recently, China Minmetals held a meeting to study and implement the spirit of General Secretary Xi Jinping's "1 July" important speech, thoroughly implemented the spirit of General Secretary Xi Jinping's important speech at the meeting celebrating the 100th anniversary of the founding of the Party, and systematically summarized the work in the first half of the year. make arrangements for tasks for the second half of the year.

In the first half of the year, China Minmetals' performance reached a new high, and the operation quality continued to improve. Revenue from the metal mining industry increased by 51% over the same period last year, revenue from the engineering business increased by 43%, and the value of newly signed metallurgical engineering contracts increased by 59% over the same period last year. By the end of June, the scale of interest-bearing liabilities and asset-liability ratio were lower than the same period last year. The turnover rate of total assets and current assets rose to the best level in history compared with the same period last year. The total labor productivity increased significantly compared with the same period last year.

In terms of industrial structure, China Minmetals seized the opportunity of the upward cycle of the mining market, and the output of zinc, tungsten, lead and copper increased by 47%, 14%, 13% and 2% respectively in the first half of the year compared with the same period last year. Major mines, deep processing, new materials and other enterprises have achieved a good situation of stable production, high production and controllable costs, and the profitability of the core main industry has been greatly improved.

At the same time, the key technologies of China Minmetals Core Industry have been tackled, and a number of new achievements and breakthroughs have been made in technological innovation. In the first half of the year, nine patents of China Minmetals won the Excellence Award of the 22nd China Patent Award, and a number of technological achievements were selected into the recommended Catalog of Scientific and technological Innovation achievements of Central Enterprises and the Green Technology Promotion Catalog of the National Development and Reform Commission. The scientific and technological achievement of "Research on High efficiency Lithium extraction Technology from Salt Lake Brine" has reached the leading level in China, which is of great significance to the salt lake lithium extraction industry in China and even in the world. China Metallurgical low carbon Technology Research Institute was quickly established to support the intelligent, green, low carbon and efficient development of Chinese metallurgy with the whole process low carbon metallurgical technology system. Minmetals Mining "Underground driverless Electric Locomotive" and other projects have been put into operation, China Tungsten High-tech has built the first micro-drilling automatic production workshop in the industry, and smart mines and smart factories have officially shifted from concept to production practice.

The reform of state-owned enterprises continued to deepen. China Minmetals has thoroughly implemented the spirit of the General Secretary's important instructions, consolidated and optimized the "Minmetals Model" of the state-owned capital investment company, firmly grasped the main line of action for three years, and did a good job in co-ordinating work, progress, and effects, so as to achieve further improvement and speed up of the reform.

In the second half of the year, China Minmetals will continue to firmly grasp the general tone of "seeking progress in the midst of stability", give more prominence to the main business, pay more attention to reform and innovation, and further build a high-quality endogenous power system for development.

The person in charge of China Minmetals said that it is necessary to take studying and implementing the spirit of the General Secretary's important speech as the primary political and long-term strategic task, continue the spiritual bloodline of the Communists, practice the original mission of the mining industry to serve the country, and forge ahead courageously along the direction guided by the General Secretary, and constantly create new achievements and brilliant achievements in the development of enterprises.