Sinomine Resource Group (002738) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders surged 276.68% year-over-year to ¥507.69 million, despite a 10.44% decline in revenue to ¥1.38 billion.

• Operating cash flow turned positive at ¥21.69 million, a significant improvement from a negative ¥796.64 million in the prior year.

• Major cost reductions and improved profitability were driven by lower sales volumes and the shutdown of the Tsumeb copper smelter in Namibia.

Financial highlights

• Revenue decreased 10.44% year-over-year to ¥1.38 billion.

• Net profit attributable to shareholders rose 276.68% year-over-year to ¥507.69 million.

• Net profit excluding non-recurring items increased 1,028.56% year-over-year to ¥482.27 million.

• Basic and diluted EPS both rose to ¥0.7037 from ¥0.1868 year-over-year.

• Total assets grew 2.84% to ¥18.72 billion; shareholders’ equity increased 4.73% to ¥12.76 billion from year-end.

Outlook and guidance

• The new 30,000-ton high-purity lithium salt project commenced trial production, expected to enhance lithium recovery and reduce costs, strengthening competitiveness in the lithium segment.