Xizang Zhufeng Resources (600338) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥2.43 billion in 2025, up 48.22% year-over-year; net profit attributable to shareholders was ¥512 million, up 123%.

• Gross margin rose to 53.43%, an increase of 6.71 percentage points from the previous year.

• Core mining operations in Tajikistan and lithium projects in Argentina drove growth; significant progress in production, cost control, and project development.

• Maintained robust governance, completed ISO 9001 certification, and enhanced digital management.

• Proposed a cash dividend of ¥0.20 per 10 shares, representing a 3.57% payout ratio.

Financial highlights

• Revenue: ¥2.43 billion, up 48.22% year-over-year.

• Net profit attributable to shareholders: ¥512 million, up 123%.

• Gross margin: 53.43%, up 6.71 percentage points.

• Basic EPS: ¥0.5601, up 122.96%.

• Net assets: ¥4.48 billion, up 21.78%.

• Operating cash flow: ¥601 million, down 18.63% year-over-year.

Outlook and guidance

• 2026 targets: mining output of 4.25 million tons, metals output of 150,000 tons, and continued expansion of lithium production in Argentina.

• Focus on resource expansion, technological innovation, cost reduction, and quality management.

• Plans to accelerate RIGI policy implementation in Argentina and strengthen international cooperation.