Fuda Alloy: The rise in silver prices will to some extent increase the company's profits.

Fuda Alloy Announcement: The company focuses on the development of the electrical contact materials industry, with silver as the main raw material. Based on the company's profit model and the impact of inventory and production cycles, the rise in silver prices will increase the company's profits to a certain extent. In the first three quarters of 2025, the company's operating income was 3.497 billion yuan, a year-on-year increase of 30.03%; the net profit attributable to the parent company was 55.5042 million yuan, a year-on-year increase of 33.52%.