Zhaojin Mining Industry Company (1818) Q2 2026 earnings summary

Executive summary

• Revenue rose 29.38% year-over-year to RMB9.02 billion, driven by higher gold prices despite a 12.33% decline in gold production due to mine suspensions and safety incidents.

• Net profit increased 18.50% year-over-year to RMB2.11 billion, with profit attributable to owners up 9.61% to RMB1.58 billion.

• Gross profit margin improved to 48.18% from 43.74% year-over-year, reflecting higher selling prices.

• No interim dividend was declared for the period.

Financial highlights

• Revenue: RMB9,021.7 million (up 29.38% YoY).

• Net profit: RMB2,105.4 million (up 18.50% YoY).

• Basic and diluted EPS: RMB0.42 (up 10.75% YoY).

• Gross profit: RMB4,346.8 million (up 42.51% YoY); gross margin: 48.18%.

• Cash and cash equivalents: RMB4,608.8 million (up 152.55% from Dec 2025).

Outlook and guidance

• Focus on safety, compliance, and narrowing the production gap caused by mine suspensions.

• Plans to accelerate resumption of production, expand mining rights and overseas capacity, and enhance cost control.

• Continued investment in technological innovation and project construction for long-term growth.

• Management aims to stabilise core operations and strive for the best possible annual results despite ongoing production challenges.