Xizang Zhufeng Resources (600338) Q2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 1.12 billion in H1 2025, up 53.53% year-over-year; net profit attributable to shareholders reached RMB 301 million, up 135.08% year-over-year.

• Main business includes non-ferrous metal mining, beneficiation, smelting, and lithium salt lake resource development in Central Asia and South America.

• Significant production increases in lead, zinc, copper, and silver; lead output up 44.53%, zinc up 25.15%, copper up 29.90%, and silver up 40.08% year-over-year.

• Major projects in Tajikistan and Argentina advanced, with cost controls and technical upgrades improving efficiency.

Financial highlights

• Operating income: RMB 1,122,628,421.42, up 53.53% year-over-year.

• Net profit attributable to shareholders: RMB 300,824,148.85, up 135.08% year-over-year.

• Total assets: RMB 6,528,960,339.97, up 4.27% from year-end 2024.

• Net assets attributable to shareholders: RMB 4,143,702,080.90, up 12.76% from year-end 2024.

• Basic and diluted EPS: RMB 0.3291, up 135.07% year-over-year.

• Operating cash flow: RMB 271,706,730.63, up 4,094.69% year-over-year.

Outlook and guidance

• Focus on expanding production capacity, optimizing cost structure, and advancing lithium projects in Argentina.

• Continued emphasis on safety, ESG, and digital management to support sustainable growth.

• Plans to further increase R&D investment and enhance international project management.