Jinduicheng Molybdenum (601958) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 7.92 billion, up 13.79% year-over-year, with net profit attributable to shareholders at RMB 1.74 billion, up 25.95% year-over-year.

• The company maintained a leading global market share in molybdenum products, with sales volume of 18,700 tons and 73 new high-value clients.

• Strategic projects advanced, including new material industrial parks and production lines, and the acquisition of a 24% stake in Jinsha Molybdenum.

• R&D investment increased, with 93 projects underway and notable national awards for technological innovation.

Financial highlights

• Operating income: RMB 7.92 billion, up 13.79% year-over-year.

• Net profit attributable to shareholders: RMB 1.74 billion, up 25.95% year-over-year.

• Total assets: RMB 25.02 billion, up 9.84% from year-end 2025.

• Basic and diluted EPS: RMB 0.54, up 26.17% year-over-year.

• Net cash from operating activities: RMB 949 million, a significant turnaround from negative RMB 709 million in H1 2025.

Outlook and guidance

• The company aims to accelerate the formation of a modernized industrial system, focusing on chain extension and resilience.

• Strategic focus on high-end molybdenum materials and continued expansion of production capacity.