Yunnan Tin Company (000960) Q3 2025 earnings summary

Executive summary

• Achieved strong operational performance despite volatile non-ferrous metal prices, raw material supply constraints, and declining processing fees, with total non-ferrous metal output of 271,000 tons in the first nine months, including 67,700 tons of tin, 96,800 tons of copper, and 105,300 tons of zinc.

• Focused on cost reduction and efficiency improvements, resulting in sustained and stable business quality and profitability.

Financial highlights

• Revenue for Q3 2025 was ¥13.32 billion, up 27.65% year-over-year; year-to-date revenue reached ¥34.42 billion, up 17.81%.

• Net profit attributable to shareholders for Q3 was ¥683 million, up 41.34% year-over-year; year-to-date net profit was ¥1.75 billion, up 35.99%.

• Basic and diluted EPS for Q3 was ¥0.4055, up 42.73% year-over-year; year-to-date EPS was ¥1.0315, up 34.89%.

• Net cash flow from operating activities for the first nine months was ¥3.23 billion, up 29.3% year-over-year.

Outlook and guidance

• Management remains focused on market opportunities and operational discipline to navigate ongoing industry challenges, aiming for continued improvement in production and profitability.