Xizang Zhufeng Resources (600338) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 1.63 billion, up 44.83% year-over-year; net profit attributable to shareholders was RMB 355 million, up 18.03% year-over-year.

• Main business includes non-ferrous metal mining, processing, and smelting, with strategic expansion in lithium resources in Argentina.

• Key projects advanced, including mining capacity expansion and lithium brine project in Argentina; employee stock ownership plan launched.

Financial highlights

• Operating income: RMB 1.63 billion, up 44.83% year-over-year.

• Net profit attributable to shareholders: RMB 355 million, up 18.03% year-over-year.

• Operating cash flow: RMB 605 million, up 122.81% year-over-year.

• Basic EPS: RMB 0.3884, up 18.02% year-over-year.

• Gross margin improved due to higher precious metal prices and cost control.

Outlook and guidance

• Optimistic on approval of Argentina lithium project; continued focus on cost control and production efficiency.

• Ongoing expansion of mining and processing capacity; further integration of digital management and ESG practices.