Inner Mongolia Xingye Silver & Tin Mining (000426) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥1.63 billion, up 48.09% year-over-year; YTD revenue was ¥4.10 billion, up 24.36% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥568 million, up 36.49% year-over-year; YTD net profit was ¥1.36 billion, up 4.94% year-over-year.

• Major acquisitions included 85% of Yubang Mining and 100% of Atlantic Tin, expanding consolidated assets and production.

• The controlling shareholder's restructuring process, ongoing since 2019, was officially completed in Q3 2025.

Financial highlights

• Gross margin and net margin improved, with basic EPS for Q3 at ¥0.3201, up 41.20% year-over-year; YTD EPS at ¥0.7682, up 8.58%.

• Total assets at Q3-end were ¥17.51 billion, up 43.96% from year-end 2024; equity attributable to shareholders was ¥9.16 billion, up 15.92%.

• Operating cash flow for Q3 was ¥2.74 billion, up 118.66% year-over-year.

• Non-recurring items had a net negative impact of ¥5.90 million YTD.

Outlook and guidance

• Increased production of silver (up 18.98% YTD) and bismuth (up 18.33%), but declines in tin, copper, antimony, and iron output.

• Tin and silver accounted for 69.37% of total revenue YTD.