In celebration of Spring Festival, I would like to extend, on behalf of Jinchuan Group, our highest respects and sincerest gratitude to all employees, retirees, and their families at home and abroad, who have worked tirelessly for the development of the group, as well as to leaders at all levels, partners, and friends from all walks of life who have supported the group's development.
In 2025, Jinchuan Group accomplished its goals for the 14th Five-Year Plan period (2021-25), achieving remarkable progress in high-quality development. The group recorded operating revenue of 476 billion yuan ($69.02 billion), industrial output value of 390 billion yuan, and profits of 12.1 billion yuan, climbing to 235th place on the Fortune Global 500 list.
Focusing on our core business to serve national strategies, we advanced the coordinated development of seven industrial sectors including nickel-cobalt and copper-precious metals businesses, allocating 11.1 billion yuan in fixed asset investments. We overcame critical technical bottlenecks including the production of 4N5 oxygen-free copper plate and strip, gained international recognition for large-diameter cupronickel tubes, and saw advanced materials such as special nickel for high-temperature alloys enter key aerospace applications, achieving a technology transfer rate of 78.9 percent.
Our resource security capabilities continued to strengthen, with overseas mines entering a new phase of integrated production and sales. The construction of a modern enterprise system with Chinese characteristics moved forward, with Jinchuan's Hong Kong platform serving as a crucial bridge connecting markets, yielding fruitful results in our international expansion.
Fulfilling our mission as a State-owned enterprise, we invested 17 million yuan to support post-disaster reconstruction in Jishishan county, Linxia Hui autonomous prefecture, and donated 37 million yuan in funds and supplies for disaster relief in Dingri county, Xizang autonomous region, and Yuzhong county, Lanzhou. Employee per capita income grew steadily, modern talent apartments were put into use, and outstanding employees including national model worker Chai Guoliang and youth pioneer Pu Yan emerged as exemplars.
2026 marks the beginning of the 15th Five-Year Plan period (2026-30) and a critical year for Jinchuan's evolution into a world-class enterprise. We will enhance development quality and efficiency while maintaining safety standards; secure domestic supply while expanding overseas presence; strengthen and extend industrial chains to build domestic circulation clusters; and empower integration through technological innovation.
Though dreams may seem distant, they can be achieved through perseverance; though aspirations may appear challenging, they can be realized through determination. We will pool Jinchuan's strength to overcome challenges, hone our distinctive edge with an enterprising spirit, and honor our commitment to serving the nation through mining — demonstrating Jinchuan's role in advancing Gansu's Chinese-style modernization.
May our great motherland enjoy timely harvests and prosperous development!
May all employees and their families enjoy good health, smooth work, and happy reunions!
