China Minmetals Reports Year-on-Year Growth in Total Profits for H1 2026, Deploys Key Tasks for H2
2026-08-03 15:19
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en.Wedoany.com Reported - China Minmetals Corporation recently held its mid-2026 economic operation analysis meeting, summarizing the work of the first half of the year and deploying key tasks for the second half. Chen Dexin, Secretary of the Party Group and Chairman of the Board, presided over the meeting and delivered a speech, while Zhu Kebing, Deputy Secretary of the Party Group, Director, and General Manager, presented the work report for the first half of the year.

The meeting noted that in the first half of the year, China Minmetals actively responded to changes in the internal and external environment as well as difficulties and challenges, achieving phased results in the opening of the "15th Five-Year Plan" period. The Group's total profits grew year-on-year, with output and trading volumes of key mineral products both expanding, and the comprehensive utilization level of associated resources continuing to improve, steadily strengthening its position as the "national team for resource security." Newly signed contract values in metallurgy, non-ferrous metals, and mining engineering increased year-on-year. In the metallurgical construction sector, professional service capabilities in "technology + equipment" were reinforced; in the nuclear industry construction sector of infrastructure, the intelligent manufacturing model of "factory-based production and prefabricated installation" was promoted, gradually enhancing the brand of the "main force for dual-new services." Focusing on the directions of intelligence, green development, and integration, the Group advanced the transformation and upgrading of traditional industries, launched a special action for digital and intelligent enhancement of production lines, and promoted the coordinated development of traditional industries and strategic emerging industries.

In terms of scientific and technological innovation, China Minmetals refined the implementation blueprint centered on four pillars—"building platforms, establishing mechanisms, strengthening coordination, and emphasizing commercialization"—and established a science and technology innovation system characterized by "group leadership, demand-driven, open collaboration, and efficient commercialization." The Group publicly released 20 "open competition" projects, completed the initiation of 9 "open competition" projects with academician teams, won 3 National Science and Technology Awards, was approved to lead 3 major national science and technology projects, and obtained 3,424 new patent authorizations.

In terms of reform and tackling key challenges, China Minmetals comprehensively advanced the "return of main businesses to their core, repositioning of industries, and consolidation of resources," optimized differentiated assessments based on "one policy per industry" and "one policy per enterprise," adhered to "five penetrations" to deepen penetrating supervision, and established a group-wide "Three Major and One Major" decision-making and operation management system. The Group carried out in-depth "Management Improvement Year" initiatives, advanced the upgrading of institutional systems and management deepening actions, and further improved its modern governance system. Meanwhile, efforts in risk prevention and resolution, foundations for safe development, and Party building leadership and guarantees were simultaneously strengthened.

The meeting made six deployments for the work of the second half of the year: First, adhere to high-quality Party building leading high-quality development, thoroughly study and implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, uphold the leading position of political construction, implement the general requirements of "serving the public, benefiting the people, making scientific decisions, and working pragmatically," adhere to the "20-character" standard for good cadres in state-owned enterprises, and strengthen organizational construction around fulfilling the "two functions"; Second, deeply implement the primary strategy of mineral resources, coordinate domestic and overseas efforts, resource development and secondary resource utilization, and projects under construction and mines in production, and firmly shoulder responsibilities and missions; Third, promote the deep integration of scientific and technological innovation with industrial innovation, drive intelligent, green, and integrated development around the transformation and upgrading of traditional industries, promote the transformation of resources into materials, materials into products, and products into industries around the cultivation of emerging industries, and accelerate the development of new quality productive forces and the building of a modern industrial system with Minmetals characteristics around the layout of future industries; Fourth, continue to deepen reforms, use reform to solve problems, strengthen control, and unleash vitality, focus on core main businesses, turn losses into profits, and hold the bottom line of development, standardize the implementation of systems, and stimulate the enthusiasm of grassroots cadres and employees; Fifth, better coordinate development and security, adhere to proactive management and collaborative governance, consolidate the level of intrinsic safety, concentrate efforts on tackling key challenges, accelerate transformation, prudently handle risks, and firmly hold the bottom line of preventing major risks; Sixth, implement the political responsibility of Party governance, advance full and rigorous Party self-governance in depth, and consolidate a political ecosystem that is upright, positive, harmonious, and stable.

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