Inner Mongolia Xingye Silver & Tin Mining (000426) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 32.66% YoY to ¥5.438bn and attributable net income rose 85.38% to ¥2.529bn; Q3 revenue fell 28.87% and net income fell 53.25% YoY.

• Q3 performance weakened after a fatal underground accident at Yinman Mining led to production restrictions; the mining area remained shut at period-end.

Financial highlights

• 9M operating profit was ¥2.979bn, up 82.61% YoY; profit before tax was ¥2.957bn, up 82.35%.

• 9M adjusted attributable net income, excluding non-recurring items, was ¥2.084bn, up 52.12%; reported attributable net income was ¥2.529bn, up 85.38%.

• Q3 adjusted attributable net income was ¥267.96m, down 52.87% YoY; reported attributable net income was ¥265.73m, down 53.25%.

• 9M operating cash flow was ¥2.224bn, down 18.90% YoY, mainly as taxes paid increased.

Outlook and guidance

• Yinman Mining was working to secure approval to restart its underground mining area; its beneficiation and tailings systems resumed operations on Sept. 3, 2026.

• The H-share application was returned by the Hong Kong Stock Exchange in July; application-material updates and relisting preparations remained underway.