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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Western Mining
Western Mining ( 601168) investor relations material
Western Mining Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary21 Oct, 2026
Executive summary
Q3 revenue rose 20.94% YoY to RMB 20.35bn; attributable net income increased 143.48% to RMB 2.62bn, driven by higher prices for copper, zinc, gold- and silver-bearing products.
9M revenue grew 23.42% to RMB 59.79bn; attributable net income rose 130.50% to RMB 6.79bn.
Financial highlights
Q3 total profit was RMB 4.03bn, up 93.24% YoY; adjusted attributable net income was RMB 2.61bn, up 144.51%.
9M total profit reached RMB 11.13bn, up 86.68%; adjusted attributable net income was RMB 6.82bn, up 135.11%.
9M operating cash flow increased 43.62% YoY to RMB 12.65bn.
Outlook and guidance
9M output reached 74.97% of the annual plan for mined copper, 70.90% for mined zinc, 67.04% for mined lead and 79.59% for mined molybdenum.
Annual plan completion was 57.99% for iron concentrate, 62.80% for gold-bearing concentrate, 76.70% for silver-bearing concentrate, 76.61% for smelted copper, 69.50% for smelted zinc and 77.92% for smelted lead.
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Latest events from Western Mining
- Net profit surged 123% YoY on strong metal prices and operational gains.601168
Q2 2026 - Net profit nearly doubled year-over-year on strong commodity prices despite lower output.601168Q1 2026
- Record revenue and profit growth in 2025, with strong mining output and robust financials.601168Q4 2025
- Revenue and metal output surged, driving profit growth despite a slight Q3 net profit dip.601168Q3 2025
- Revenue and net profit rose sharply, with robust production growth and major project progress.601168Q2 2025
- Q3 net profit jumped 61% year-over-year on robust copper sales and higher prices.601168Q3 2024
- H1 2024 saw robust revenue, profit, and output growth, with key projects on track.601168Q2 2024
- Record revenue and profit growth driven by copper output and digital, green transformation.601168Q4 2024
- Revenue and profit surged on higher copper, zinc, and lead output in Q1 2025.601168Q1 2025
Western Mining
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