On December 9, Gelonghui reported that minmetals development (600058.SH) announced that the company and its subsidiaries plan to engage in non-recourse accounts receivable factoring and accounts receivable discounting business with banks and non-bank financial institutions, with the total amount of the aforementioned business not exceeding 25.5 billion yuan for the fiscal year 2025. The rate will be determined based on specific financial market price fluctuations at the time of each individual business operation, and the business term will be subject to the terms agreed upon in the individual accounts receivable factoring and accounts receivable discounting contracts.