Inner Mongolia Xingye Silver & Tin Mining (000426) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥2.13 billion, up 85.32% year-over-year, with net profit attributable to shareholders at ¥1.34 billion, up 257.32% year-over-year.

• Strong performance driven by higher sales prices and volumes of silver and tin, and a significant investment gain from the sale of a subsidiary.

• Total assets at March 31, 2026, were ¥19.69 billion, with shareholders’ equity at ¥10.83 billion.

Financial highlights

• Operating cash flow for Q1 2026 was ¥1.22 billion, up 1.56% year-over-year.

• Basic and diluted EPS were ¥0.7533, up 257.35% year-over-year.

• Gross margin improved due to higher product prices and increased production capacity.

• Non-recurring gains included ¥321 million from the sale of a 60% stake in a subsidiary.

Outlook and guidance

• Continued focus on global expansion, including preparation for an H-share listing in Hong Kong.

• Plans to leverage international capital markets and optimize capital structure.