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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.
Zangge Mining Company
Zangge Mining Company (000408) investor relations material
Zangge Mining Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary16 Oct, 2026
Executive summary
9M 2026 revenue rose 38.23% YoY to RMB 3.320 billion; attributable net income increased 122.09% to RMB 6.109 billion, supported by lithium growth and equity-method investment income.
9M earnings from the 30.78%-owned Julong Copper investment were RMB 4.708 billion, equal to 77.06% of attributable net income; cash dividends received totaled RMB 4.617 billion.
Financial highlights
9M net profit was RMB 6.097 billion, up 122.29% YoY; attributable net income was RMB 6.109 billion, up 122.09%, and adjusted attributable net income was RMB 6.225 billion, up 125.83%.
9M operating cash flow was RMB 1.751 billion, up 30.66% YoY; basic and diluted EPS were RMB 3.901, up 122.03%.
At Sep. 30, total assets were RMB 19.511 billion and equity attributable to shareholders was RMB 18.085 billion, up 10.28% and 11.34% from year-end, respectively.
Outlook and guidance
9M potash output and sales reached 70.80% and 70.14% of full-year plans; lithium output and sales reached 91.08% and 83.72% of plans.
The first phase of the 50,000-tonne/year Mami Cuo battery-grade lithium carbonate project reached design output and performance targets by quarter-end after trial feed began Aug. 1.
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Latest events from Zangge Mining Company
- Net profit surged 102% YoY on robust lithium, potassium, and copper affiliate performance.000408
Q2 2026 - Net profit surged 110.60% year-over-year, with strong margins in core chemical segments.000408Q1 2026
- Q3 net profit surged 66.49% year-over-year, driven by strong potassium chloride performance.000408Q3 2025
- Net profit jumped 38.8% to ¥1.80 billion, with strong potassium and copper results.000408Q2 2025
- Revenue and profit dropped on weak commodity prices, with new projects and buybacks in progress.000408Q3 2024
- Revenue and profit declined on lower prices, but margins and project progress remained solid.000408Q2 2024
- Revenue and profit fell, but core mining segments and project execution remained robust.000408Q4 2024
- Net profit jumped 41.18% in Q1 2025, with Zijin International poised for control transfer.000408Q1 2025
Zangge Mining Company
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