In the first half of the year, profits of China's above-scale industrial enterprises totaled RMB 3,947.99 billion, up 18.7% year on year, accelerating by 3.2 percentage points from the first quarter. Operating revenue grew 6.5%, and the operating profit margin reached 5.7%, the highest cumulative level since the start of 2024. The electronics sector posted a 96.9% profit surge, contributing 8.5 percentage points to overall growth, while the nonferrous metals sector rose 99.4%, contributing 4.7 percentage points. Mining and manufacturing profits also expanded, but utilities declined. The data reflect the rapid growth of new drivers such as AI-related computing demand.
The Nanping Haikuang Joint Investment Development Partnership (Limited Partnership) has been formally established, with a business scope that includes mineral washing and processing, services for estimating and compiling mineral resource reserve reports, mineral resource reserve evaluation, and sales of mining machinery. The partnership is jointly funded by Hainan Mining Co. , Ltd. and other investors.