Tongling Nonferrous reports mixed Q3 results, leadership changes

Tongling Nonferrous Metals Group reported a 14.66% increase in operating income, reaching 121.89bn yuan for the first nine months of 2025. However, net profit attributable to shareholders decreased by 35.14% to 1.77bn yuan. The company also disclosed asset impairment provisions totaling 55.52m yuan for Q3 2025, which reduced total profit by 38.23m yuan.

Leadership changes include the resignation of chairman Gong Huadong due to retirement and the appointment of Ding Shiqi as the new chairman. Concurrently, Liang Hongliu resigned as a director due to internal adjustments, but will remain with the company in other capacities. The board also approved the nomination of Jiang Peijin as a non-independent director candidate.

Additionally, independent director Zhu Ming is currently unable to perform his duties due to personal reasons. The company confirmed that its "Tongling Ding 02" convertible bonds have been fully converted into common shares and subsequently delisted from the Shenzhen Stock Exchange.