Xizang Zhufeng Resources (600338) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 45.36% YoY to RMB873.7m; attributable net income increased 57.70% to RMB214.0m, supported by higher selling prices and growth in some product volumes.

• 9M revenue reached RMB2,499.5m, up 45.01%; attributable net income was RMB569.1m, up 30.36%.

• Q3 financial statements were unaudited.

Financial highlights

• Q3 total profit rose 89.98% YoY to RMB360.9m; 9M total profit increased 52.02% to RMB886.2m.

• Q3 net income attributable to shareholders, excluding non-recurring items, was RMB218.0m, up 60.67%; 9M adjusted net income was RMB576.3m, up 31.82%.

• 9M net income was RMB564.1m versus RMB427.2m YoY; attributable net income was RMB569.1m versus RMB436.5m.

• Q3 gross profit expanded as revenue growth exceeded cost growth; the company cited higher gross profit and margin.

Outlook and guidance

• No forward-looking numerical guidance was stated; 9M operating cash flow rose 46.48% YoY, with higher receipts amid precious-metal price movements and increased customer advances from business expansion.