Another year of trials and tribulations passes by, our passion remains as fervent as ever when we look back. In the flux of time and space, with gathered strength we set out anew, aiming at new targets, with strong determination we’ll continue our pursuit.
As a member of JCHX, our aspirations are unshakeable and our steps unstoppable. In the blink of an eye, we ran through 2024 and now sprinting towards the finish line of the "Fifth Five-Year Plan."
We bid farewell to 2024.
And we say hello to 2025!
Our shared memory has left an indelible mark on history. Over the past year, many of our projects were successfully completed and accepted, while multiple new projects commenced, commissioned or put into production, development and production records repeatedly renewed, shafts completed without a hitch, underground breakthroughs accurately achieved, and market further expanded globally. As the cornerstone of JCHX, the mining services sector provided continuous technical support and professional talents for the resource development sector, while further expanding the market, enhancing brand image, and creating values.
The acquisition of Lubambe Copper Mine in Zambia marks a solid step forward in terms of resource development, demonstrating our growing influence in the global mining market. New impetus was provided by JCHX to bring Lubambe’s operation back on track, while contributing tremendously to the economic stability and social development of Zambia, which in some way was a gift from JCHX to commemorate the 60th anniversary of diplomatic relations between China and Zambia. Meanwhile, other assets of JCHX maintained strong momentum of development, Dikulushi Copper Mine in DRC witnessed orderly operation and sustainable growth in margin; Lonshi Copper Mine was officially put into production; PTO for Cordoba Project were progressed smoothly.
The "Two-Wheel Driven" strategy is remarkably effective, driving us forward at an unprecedented pace.
While leading technological R&D projects and giving technical support to the other sectors, the Science & Technology Innovation (S&T) sector has fully leveraged its advantages and taken a proactive approach to seeking opportunities from external customers. Following the successful bids for several mining service projects over last year, it has secured several EPC contracts for backfilling projects, further expanding its footprint in the domestic market.
Driven by innovation, the equipment sector continuously sought technological breakthroughs, intensified and accelerated the conversion of S&T achievements into practical applications. Two subsidiaries – JCHX Intelligent Equipment & Kingnor have been recognized as high-tech enterprises, with an increasing number of advanced and well-manufactured new products being introduced into mines of various sizes nationwide.
Developing simultaneously with the resource development sector and as a critical part of the industrial chain, the trading business stayed on track with a competitive edge formed rapidly. Following Menergy Trading, another subsidiary of JCHX - Hionest Technology, also received AEO Certification, representing our enhanced capability and competitiveness in respect of import and export.
Advancing in unison, the "Five Business Sectors" are growing rapidly and yielding fruitful results with continuous improvements made across the industrial chain. The progress and quality of our projects was widely acknowledged by clients, with our brand influence further expanded; various R&D and innovation achievements have won national and industry awards; JCHX again was honored as "Beijing Civilized Enterprise" and our stock was included in the MSCI China Index, further elevating our status and influence in the capital market.
While pursuing high-quality corporate development, we actively engage in national strategies by practicing the Belt and Road Initiative, participating in international capacity cooperation, and vigorously promoting international, sustainable, and full-chain development strategy. We strive to boost economic development wherever our operations are located, to enhance the living standards of local populations, to fulfill corporate social responsibilities, and to establish a responsible and caring corporate image among local communities, all of which form an integral part of our endeavors towards sustainable development.
High-quality development is impossible without the advanced management philosophy and sound management systems. After the implementation of the "Achieving Benefits through Management" initiative, corporate policies were further revised and optimized, work performance and efficiency significantly improved, technological indicators and construction techniques continuously innovated, cost management and budget planning became more scientific. The “Mining Management 4.0” concept is now deeply rooted in our minds, which enabled us to establish a rigorous and complete reporting system, to develop various management software and tools, to explore more effective approaches in face of problems and to foster more management talents with strong expertise.
As a fundamental corporate strategy, JCHX has always prioritized talent building. That’s why a systematic talent training program was developed to outline the training methodologies and career paths for management personnel, technical personnel, and industrial workers. Through open recruitment and cooperation with universities, numerous professionals and young talents were attracted, many of them have been promoted to key positions. In particular, over 200 graduates were recruited this year and assigned to various projects both home and abroad, to contribute their power and wisdom to building JCHX into a “century-old and legendary brand in mining”.
What's worth mentioning is that our first ESG report was released this year, highlighting the significant achievements in corporate governance, social responsibilities, and empowering sustainable development. In the latest ESG ratings of listed companies, our ESG rating was upgraded to "A" according to Wind Information, with a final score ranking in the top 5% of the "Metals, Nonmetals & Mining" industry, reflecting high recognition of our long-standing commitment to the corporate value of "Harmonious Development" and to the strategy of sustainable development.
Whatever achieved belongs to the past, press forward to future triumphs we must.
The year 2025 is approaching and it’s going to be another significant year for JCHX, as it marks the end of the "Fifth Five-Year Plan," and the beginning of the next one.
With heavy responsibilities on our shoulders and missions calling upon us, we must forge ahead with unwavering determination.
Looking ahead, we have no choice but to move forward in the spirits of "daring to venture" and "drive to innovate", to overcome all obstacles and win more hard-fought battles, because risks and challenges on our path are unavoidable and inescapable.
To understand the present, we must trace the origins of history; to find directions for the future, we must follow the roots of culture. Only by adhering to our original aspirations, joining the national development landscape, with long-term vision and perseverance in mind, can we better seize the opportunities of the times, open new horizons for our endeavors, and create greater glories.
Standing at the forefront of the times, with dreams and aspirations in our hearts, we are poised to embark on a new journey. Our dreams will ultimately come true as long as we forge ahead with unyielding courage, a sense of urgency and high resilience!
Jan 1,2025
