Inner Mongolia Xingye Silver & Tin Mining (000426) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥2.47 billion, up 12.5% year-over-year, driven by higher silver and tin prices and the consolidation of Yubang Mining.

• Net profit attributable to shareholders was ¥796 million, down 9.93% year-over-year, mainly due to production disruptions and increased costs at key subsidiaries.

• Major acquisitions included 85% of Yubang Mining and 96.04% of Atlantic Tin, strengthening resource reserves and international presence.

• The company maintained a leading position in silver and tin mining in Asia, with significant resource and technical advantages.

Financial highlights

• Operating income: ¥2.47 billion, up 12.5% year-over-year.

• Net profit attributable to shareholders: ¥796 million, down 9.93% year-over-year.

• Operating cash flow: ¥1.65 billion, up 88.11% year-over-year.

• Total assets: ¥15.34 billion, up 26.11% from year-end 2024.

• Net assets attributable to shareholders: ¥8.58 billion, up 8.59% from year-end 2024.

• Basic EPS: ¥0.4481, down from ¥0.4808 year-over-year.

Outlook and guidance

• The company will continue to focus on core silver and tin operations, expand strategic resource acquisitions, and enhance cost control and resource development.

• Ongoing expansion projects, such as the 297 million ton capacity upgrade at Yinman Mining, are expected to boost future production and profitability.