Western Mining ( 601168) Q1 2026 earnings summary

Executive summary

• Achieved revenue of ¥18.72 billion in Q1 2026, up 13.19% year-over-year, with net profit attributable to shareholders at ¥1.59 billion, up 96.34% year-over-year.

• Profit growth driven by higher prices for copper, gold, and silver products compared to the same period last year.

• Operating cash flow reached ¥4.10 billion, up 56.90% year-over-year.

Financial highlights

• Total assets at quarter-end were ¥66.82 billion, up 12.46% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders rose 8.19% to ¥19.96 billion.

• Basic EPS was ¥0.67, up 97.06% year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

Outlook and guidance

• Management attributes strong profit growth to favorable commodity prices and expects continued positive impact if price trends persist.