On October 30, Hainan Mining released its operational results for the third quarter of 2025. For the first three quarters, the company achieved operating revenue of RMB 3.36 billion, representing a year-on-year increase of 5.93%, and a net profit attributable to shareholders of RMB 312 million. Net cash flow from operating activities rose significantly to RMB 1.279 billion, up 52.65% compared to the same period last year.

Against the backdrop of a year-on-year decline in both the iron ore price index and Brent crude oil prices, Hainan Mining maintained steady development across its three core businesses—iron ore, oil and gas, and new energy—by optimizing production operations and advancing key projects. In terms of industrial investment, the company expanded into the fluorite sector by completing a RMB 300 million capital increase to acquire a 15.79% stake in Luoyang Fengrui Fluorine Industry Co., Ltd., further extending its strategic resource footprint.

Shilu Iron Mine Intelligent Control Center

The company’s finished ore output remained stable, with production reaching 1.7 million tons in the first three quarters, an increase of 8.78% year-on-year. The Shilu Iron Mine Intelligent Control Center has been officially completed and put into operation. By deeply integrating technologies such as the Internet of Things, 5G, cloud computing/big data, and AI, and leveraging an industrial internet platform, the center will significantly enhance safety management and operational efficiency.

Benefiting from increased crude oil production following the successful acquisition of Tethys and higher natural gas output due to enhanced recovery measures at the Sichuan Bajiaochang Gas Field, the company’s equity oil and gas production grew substantially to 9.3475 million barrels of oil equivalent, up 55.42% year-on-year, further solidifying the profitability of its second growth pillar.

Roc Oil Bajiaochang Gas Field J110 Well Site

In the new energy sector, Hainan Mining’s integrated lithium resource strategy is accelerating into tangible outcomes. The first shipment of 30,000 tons of lithium concentrate from the Mali Bougouni Lithium Project has officially commenced transport and is expected to arrive at Yangpu Port in Hainan early next year.

Meanwhile, the 20,000-ton lithium hydroxide project continues to ramp up production capacity. To proactively adapt to changes in the downstream market and enhance product competitiveness, the company has initiated feasibility studies for technical modifications to implement a carbonization production line, aiming to further optimize its product portfolio and strengthen market responsiveness.

During the reporting period, the company steadily implemented its share repurchase plan and successfully completed the 2025 interim dividend distribution on September 24, distributing a cash dividend of RMB 0.30 per share (before tax) to all shareholders, with a total payout of approximately RMB 60 million.

The company’s information disclosure rating has been rated A for two consecutive years, and its ESG rating has been upgraded to AA, placing it among the top 10% in the industry. This reflects Hainan Mining’s solid practices in environmental protection, social responsibility, and corporate governance, while also creating more favorable conditions for the company to benefit from simplified review procedures, share issuance for asset acquisitions (not constituting a major asset reorganization), streamlined approval processes, and shortened review and registration timelines.

With the imminent operational launch of the Hainan Free Trade Port, Hainan Mining will next fully utilize its qualification for the Cross-border Capital Centralized Operations Center within the port to optimize cross-border capital management in its global operations, promote the steady development of its industries and the implementation of its internationalization strategy, and continuously strengthen and enhance its core competitiveness to achieve sustainable, high-quality growth.