Since 2025, China Minmetals Corporation has followed the overall deployment of "stable growth, innovation, strong industry, reform promotion, risk prevention, safety assurance, and strong Party building". With the vigorous posture of "treating the beginning as the decisive battle and the start as a sprint", the company has forged ahead despite difficulties and achieved remarkable results. In the first quarter, the total profit increased by 2.6% year-on-year, net profit rose by 4.6%, and fixed asset investment surged by 27%. The balance sheet debt ratio continued to decline. The company fully realized a strong start in operational quality and efficiency, injecting strong momentum for high-quality development throughout the year.

Breakthroughs in Major Projects

China Minmetals prioritizes resource strategy as its top strategy, accelerating the focus on core business, repositioning industries, and centralizing resources. It has continued to increase investment in its primary responsibilities and key business. The company officially established China Salt Lake Group, actively ensured the supply and stable pricing of potash fertilizer, and vigorously promoted the "40+20+15" thousand-ton lithium carbonate project. It also expedited the development of the integrated metal magnesium project, shouldering the significant mission of being the "stabilizer for national food security, stabilizer for the new energy industry, and a new force in high-end light metal materials". The acquisition of 100% equity in Brazilian Nickel Limited significantly enhanced the company's nickel resource security, with an expected addition of over 5 million tons of nickel resources after the transaction. Several construction projects have made phased progress. The Zhangjiang Innovation Drug Base project was fully capped, the Xiong'an International Trade Center project's main structure reached the ground level, and the company successfully won the bid for the Zhongshou Special Steel pickling project, a key project for green steel transformation and upgrading.

New Advances in Sci-Tech Innovation

China Minmetals convened a high-level sci-tech innovation conference, proposing a list of over 1,500 key R&D challenges and announcing 13 major "open bidding" tasks, sounding the clarion call for "innovation-driven leadership". The company registered the National Technology Innovation Center for Efficient Development of Strategic Rare Metal Mineral Resources and completed the full-spectrum sorting and task deployment for original technologies in deep-sea and ultra-deep mineral resource exploration, development, and eco-environmental protection. It also vigorously promoted the "AI+" initiative, implementing 86 high-value application scenarios. Breakthroughs were made in key technologies, equipment, and engineering applications, including silicon-based materials, nickel matte anode plates, low-carbon sintering, scandium-based fuel cells, and vanadium redox flow energy storage.

Strengthened Party Building

The Party leadership of China Minmetals emphasizes political priority, setting an example by extending and implementing the "first agenda" system and the "five-step closed-loop" mechanism to directly-managed enterprises and key subsidiaries. The company launched an intensive campaign to study and implement the Central Party Leadership's Eight-point Decision on Improving Party and Government Conduct, establishing a consultation mechanism between the Discipline Inspection Committee and the Party leadership to continuously improve the organizational, educational, supervisory, institutional, and accountability systems for full and rigorous governance over the Party. A monthly Party-building meeting mechanism was also instituted to ensure both formal and substantive coverage of grassroots Party organizations.

At the Q1 operational performance benchmarking and analysis meeting on April 15, Chen Dexin, Party Group Secretary and Chairman of China Minmetals, emphasized the need to deeply understand the current situation and tasks, maintain strategic confidence, and shoulder strategic responsibilities. The company will identify gaps in Q1 economic performance and resolutely achieve its annual targets. Leveraging the "chain leader system", it will seamlessly integrate innovation and industrial chains to cultivate new quality productive forces. Through the "Management Standardization Year" initiative, the company will advance the development of a modern governance system that is "legally defined in rights and responsibilities, compliant in procedures, and lawful in content". The campaign to study and implement the Central Party Leadership's Eight-point Decision on Improving Party and Government Conduct will be earnestly carried out, fully leveraging the leading and safeguarding role of Party organizations at all levels to contribute further to the positive development of the national economy.