JCHX Mining Management (603979) Q4 2025 earnings summary

Executive summary

• Achieved record revenue and net profit in 2025, with revenue up 39.74% and net profit up 47.66% year-over-year, driven by increased production and efficiency in self-owned mining projects.

• Overseas business accounted for 77.38% of total revenue, reflecting strong international market presence.

• Proposed cash dividend of RMB 6.60 per 10 shares, pending shareholder approval.

Financial highlights

• 2025 revenue: RMB 13.89 billion, up 39.74% year-over-year; net profit attributable to shareholders: RMB 2.34 billion, up 47.66%.

• Operating cash flow: RMB 4.38 billion, up 113.20% year-over-year.

• Basic EPS: RMB 3.75; diluted EPS: RMB 3.54; gross margin: 33.82%, up 2.31 percentage points.

• Net assets: RMB 11.14 billion, up 24.01%; total assets: RMB 22.23 billion, up 30.90%.

Outlook and guidance

• 2026 targets: mining service volume 46.19 million tons, copper production 100,300 tons, phosphate rock 300,000 tons, iron ore 1.25 million tons.

• Focus on expanding international projects, optimizing internal controls, and accelerating smart mining construction.