With pride we look back on a year of hard work and perseverance, in which JCHX continued its impressive journey with energy and purpose. With resolve we look ahead, uniting our hearts and strengths to advance together toward our shared dream, guided by the dawn of new possibilities.
The year 2025 stands out in JCHX’s 28-year history. The company not only successfully completed all objectives of its Fifth Five-Year Strategy, but — driven by the equally strong performance of its mining services and mine investment segments — also reached a clear turning point and established yet another major milestone.
History often uses particular years to mark a shift — to set a new direction in response to changing times.
Since 2001, JCHX has aligned its development strategy with the nation’s Five-Year Plans, moving forward in step with the country’s overall direction. Thus, each successful conclusion of a national Five-Year Plan has also been a moment of achievement for JCHX.
Past accomplishments remain meaningful, and recent strides feel just as vivid. In 2015, JCHX’s successful IPO on the Shanghai Stock Exchange raised the profile of “Mining Services” in China’s capital markets, marking the impressive rise of a private mining enterprise. In 2020, as part of its strategic shift to “Two Markets, Five Business Segments,” the company reached a balance between overseas and domestic revenue. In 2025, with Mining Services and Mine Investment advancing together, JCHX has entered a phase of dual-engine growth, generating even stronger momentum for development.
Small streams feed great rivers; every spark illuminates the cosmos. The remarkable growth of JCHX’s investment business — from nothing to half of total revenue over the past five years — is the result of more than 1,800 days of determined effort.
Right from the start of the Fifth Five-Year period, Mine Investment began at full speed. In less than two years, the Dikulushi Copper Mine in the DRC reached its design targets for both raw ore and copper concentrate. The Lonshi Copper Mine, having finished construction of integrated mining, processing, and smelting facilities, is now in operation and moving rapidly toward its annual capacity of 1.5 million tons of ROM ore. At home, the Liangchahe Phosphate Mine project has completed and commissioned the southern mining area, meeting its output targets, while the northern area is under active development. Just over a year after JCHX acquired the Lubambe Copper Mine in Zambia, the site has been visibly revitalized. Meanwhile, preparations for the Alacran copper-gold project at San Matias in Colombia have reached an advanced stage, where all the pieces are in place, awaiting the final trigger.
A stable dual-engine growth model relies on maintaining a leading position in Mining Services. During the Fifth Five-Year period, the company focused on big markets, major projects, and key clients, steadily building scale and efficiency.
In Africa, projects such as the Wassa Gold Mine in Ghana, the Khoemacau Copper Mine in Botswana, and the Mopani Copper Mine in Zambia continue to expand JCHX’s presence across the continent. In Europe, the company is working at Cukaru Peki Copper-Gold Mine and Bor Copper complex in Serbia. In Asia, JCHX successfully completed construction works for the Kaiyuan Potash Mine in Laos and delivered outstanding performance in the production phase. In China, the company set industry and national records by constructing five ultra-deep shafts (each over 1300m) on the “Golden Coast” of Laizhou Bay in Shandong Province. Meanwhile, it is executing three phosphate mining projects, including Motianchong Mine in Guizhou Province — known as the “Phosphorus Store of Asia”, together with Liangchahe Phosphate mine, an integrated zone for Mining Services and Mine Investment has been formed.
Under the strategy of “Integrated Coordination Between Two Core and Three Supporting Sectors,” the three supporting segments — Equipment Manufacturing, S&T Innovation, and Trading — entered a vibrant phase during the Fifth Five-Year period, marked by R&D breakthroughs, market expansion, and strong performance. Together with the core business, they create a tightly linked and synergistic industrial chain.
In chess, one must see the whole board. To grow multiple business segments and the full industrial chain, we must emphasize system integration. Within the framework of “Two Markets, Five Business Segments,” only by adhering to systematic and refined management, ensuring all initiatives are well-coordinated, uniting every business line toward common goals, and strengthening standardized process and outcome controls can we balance short- and long-term aims, align top-down execution, and harmonize internal and external efforts — keeping the company firmly on a path of high-quality, sustainable growth. This is why JCHX has long been committed to its Mining Management 4.0 transformation. Practice confirms that continuously improving management and nurturing corporate culture are what steadily drive the company’s healthy development.
The past finds its meaning in the present; the future begins now.
2026 marks the start of the nation’s 15th Five-Year Plan and of JCHX’s Sixth Five-Year Strategy. Embracing changes and planning for the future, guided by the development of smart mines, we will transform our competitiveness and drive our five business segments to new heights by building comprehensive and global-oriented capabilities. In the coming five years, we will celebrate JCHX’s 30th anniversary at the end of 2027 and strive to reach the company’s ambitious “Three-Step” strategic goal by 2030. The tasks are demanding but honorable; the road ahead is challenging but bright.
How we start shapes the journey — and we begin at full stride. Our mission is steadfast, tempered and strengthened through action; our future is promising, revealed step by step along the way. On this new journey, let us break new ground with a pioneering spirit, drive innovation with creativity, and make progress through dedicated work. With perseverance, we will overcome every obstacle; with determination, we will build an extraordinary legacy. For our country, society, employees, shareholders, and investors, we will write a chapter worthy of our times and our mission.
