Jinduicheng Molybdenum (601958) H2 2025 earnings summary

Executive summary

• Achieved record operating results in 2025, with revenue up 1.94% and net profit attributable to shareholders up 5.77% year-over-year, completing 106.37% of annual business targets.

• Maintained strong market position, with domestic market share rising to 28% and global sales accounting for 13% of the molybdenum market.

• Advanced strategic initiatives, including acquisition of a 24% stake in Jinsha Molybdenum, boosting resource reserves and industry influence.

• Enhanced R&D and innovation, with R&D investment intensity at 3.05% of revenue and 37 patents granted.

Financial highlights

• Operating revenue: RMB 13.83 billion, up 1.94% year-over-year.

• Net profit attributable to shareholders: RMB 3.15 billion, up 5.77% year-over-year.

• Operating cash flow: RMB 1.63 billion, down 56.21% year-over-year due to increased raw material purchases.

• Basic and diluted EPS: RMB 0.98, up 6.52% year-over-year.

• Gross margin for molybdenum mining and processing: 45.69%.

Outlook and guidance

• 2026 revenue target set at RMB 14.5 billion, with focus on optimizing industrial structure and expanding high-end product lines.

• Plans to accelerate major project construction, enhance innovation, and strengthen risk management.

• Continued emphasis on green, intelligent, and digital transformation.