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Sinomine Resource Group (002738) investor relations material
Sinomine Resource Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue of ¥3.66 billion in H1 2026, up 12.03% year-over-year, with net profit attributable to shareholders of ¥1.11 billion, surging 1,146.81% year-over-year, driven by lithium salt price recovery and strong segment performance.
Lithium new energy materials and rare light metals (cesium, rubidium) accounted for 80.66% and 13.93% of revenue, respectively, with lithium segment revenue up 125.84% year-over-year.
Gross margin reached 52.90%, with lithium segment at 52.19% and rare light metals at 70.19%.
Major projects advanced, including Zimbabwe 100,000 tpa lithium sulfate project, Kitumba copper mine, and Tsumeb multi-metal recovery.
Financial highlights
Operating income: ¥3.66 billion, up 12.03% year-over-year.
Net profit attributable to shareholders: ¥1.11 billion, up 1,146.81% year-over-year.
Basic and diluted EPS: ¥1.5402, up 1,147.13% year-over-year.
Operating cash flow: -¥226.86 million, improved 35.57% year-over-year.
Total assets: ¥20.97 billion, up 15.19% from year-end 2025.
R&D investment: ¥130.38 million, up 196.67% year-over-year.
Outlook and guidance
Lithium salt market expected to remain robust, with new capacity coming online and further cost optimization.
Zimbabwe lithium sulfate project to be operational by mid-2027, enhancing cost competitiveness.
Kitumba copper mine and Tsumeb multi-metal projects to drive future growth.
- Net profit jumped 276.68% year-over-year, with improved cash flow and new lithium capacity online.002738
Q1 2026 - Revenue up 22%, net profit down 39.5%, lithium capacity expanded, strong cash flow.002738
Q4 2025 - Revenue and profit fell sharply, but mining output and resource control increased.002738
Q2 2024 - Revenue and profit fell sharply on lithium price drops, but major copper acquisitions were completed.002738
Q3 2024 - Net profit plunged 65.7% on lower lithium prices, but rare metals and global expansion drove growth.002738
Q4 2024 - Revenue up 34.89% but net profit down 81.16% amid lithium price drop and cost pressures.002738
Q2 2025 - Revenue up 36%, net profit down 47% as lithium prices fall and copper smelting posts losses.002738
Q1 2025 - Q3 revenue up 35% and net profit up 58% year-over-year, with major project investments ongoing.002738
Q3 2025
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