Zangge Mining Company (000408) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders surged 110.60% year-over-year to ¥1.57 billion in Q1 2026, with revenue up 29.61% to ¥715.63 million.

• Significant investment income from associate company contributed to profit growth.

• Cash flow from operating activities turned negative, mainly due to increased tax and employee payments.

Financial highlights

• Revenue: ¥715.63 million, up 29.61% year-over-year.

• Net profit attributable to shareholders: ¥1.57 billion, up 110.60% year-over-year.

• Basic and diluted EPS: ¥1.00, up 108.33% year-over-year.

• Operating cash flow: -¥79.54 million, down 176.45% year-over-year.

• Total assets: ¥18.95 billion, up 7.09% from year-end 2025.

Outlook and guidance

• Ongoing progress in key projects, including Lao potash mine feasibility and Mamicuo project construction.

• No substantial progress in Lao project during the quarter, but work continues.