Truchum boosts capital, advances strategic initiatives amid strong profit growth

Anhui Truchum Advanced Materials & Technology’s 2025 interim financial report highlights a 14.84% increase in total assets to CNY 21,884,813,160.74 and a 48.83% rise in net profit attributable to shareholders, reaching CNY 250,931,478.77. This growth is supported by a 16.05% increase in operating revenue to CNY 28,803,282,085.19. The company's total share capital adjusted to 1,508,548,229.00 shares due to the conversion of 2,290 shares from convertible bonds.

The company detailed the use of proceeds from its 2019 convertible bond issuance. As of June 30, 2025, cumulative investment in projects totaled CNY 181,794.49 (in RMB tens of thousands), with CNY 15,301.64 (in RMB tens of thousands) invested in the first half of 2025. Unused funds of CNY 2,807.35 (in RMB tens of thousands) remain in a dedicated account. Significant developments include the reclassification of some projects, such as the “300,000-ton high-precision copper-based materials intelligent manufacturing project (Phase I)” and the “20,000-ton high-precision copper alloy wire project,” due to changes in market dynamics and consumption needs.

The company also initiated two new subsidiaries in the first half of 2025: Hunan Zhongke Chengxin Testing Services Co., Ltd. (66.72% ownership), engaged in inspection and testing services; and Wuhu Chujiang Renewable Resources Recycling Co., Ltd. (100% ownership), focused on recycling and trade. These additions reflect the company's ongoing strategic expansion.