Jinling Mining's Semi-Annual Report Shines! Company's Stock Price Successfully Outperforms the Industry

Lingling Mining maintained the robust development momentum from Q1 into Q2, with significant QoQ performance growth.The company projected Q2 net profit attributable to shareholders of 84 million to 120 million yuan, up 70.88%-144.2% QoQ, and non-GAAP net profit of 72 million to 107 million yuan, rising 48.32%-120.74% QoQ.

The stellar H1 resultsfully demonstrated the foresight and effectiveness of its "Three Transformations" strategy.The new board and management team steadfastly advanced strategic restructuring, while achieving critical breakthroughs in resource expansion, injecting strong momentum for high-quality development.

From "Ore Seller" to "Value Creator": The company transitioned from a pure iron ore producer to an integrated mineral resources processor and service provider, moving beyond simple mining. Its high-grade, low-impurity "Iron Eagle" brand iron ore concentrates became steel mills' "golden partner" for production blending, facilitating new service demand exploration. In January, strategic agreements were signed with key clients and partners, marking solid progress in its service transformation.

From "Cost Calculator" to "Profit Generator": The company shifted from traditional cost centers to profit-oriented business units. Market-oriented reforms became its revitalization core, with decentralized accounting units and merit-based incentives turning each division into a "profit center," unlocking market potential with notable results. Its managed Tieying Company achieved waste resource valorization, generating 5.4573 million yuan revenue from January to June to support mine operations.

From "Single Wheel" to "Dual Engines": The company upgraded from production-driven "single-wheel" mode to coordinated "dual-engine" development integrating operations and capital management. Its strategy focused on strengthening iron ore core business, developing non-ferrous sectors, expanding investments, and optimizing ancillary services. While actively seeking new resources for next growth phase, it decisively divested underperforming assets like the long-idle Jingang Mine in May to fund strategic transformation.

Resource expansion remains vital for miners' sustainable development. Lingling Mining achieved breakthroughs in both internal and external resource development, effectively boosting market confidence.

Internally, its equity-holding companyJinding Miningreached a new milestone on April 16 with the launch of the -530-meter deepening project. Upon completion, this deep exploration project is expected to achieve an annual production capacity of 300,000 mt, providing strong impetus for the company to achieve long-term stable and high production, enhance economic benefits, and more.

In terms of external resource expansion, on March 5, the company obtained the prospecting permit for the general survey in the Dazhang area of Qihe County. On March 21, the company held the commencement ceremony for the Dazhang iron ore exploration project and the unveiling ceremony for the project headquarters. This prospecting permit boasts characteristics such as high-grade ore, thick ore bodies, shallow burial depth, and significant prospecting potential. Rich iron ore offers high economic benefits and is expected to help the company improve its profitability.

Meanwhile, the company is actively seeking high-quality non-ferrous resource projects through capital operations, increasing strategic investment efforts, and adding further impetus to the company's resource reserves.