China Shengda Resources Expects Net Profit to Surge 399%-471% in First Half of Year
2026-06-30 09:48
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en.Wedoany.com Reported - China Shengda Resources (000603.SZ) released its 2026 semi-annual performance forecast on June 29, 2026, expecting net profit attributable to shareholders of the listed company to be between 350 million yuan and 400 million yuan, a year-on-year increase of 399.31% to 470.64%; net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 350 million yuan and 400 million yuan, a year-on-year increase of 373.24% to 440.84%; basic earnings per share are expected to be between 0.5073 yuan/share and 0.5797 yuan/share.

According to the company announcement, the significant increase in performance is mainly attributed to two factors: first, the release of production capacity from subsidiaries—after completing technological transformation, the company's subsidiary Jinshan Mining effectively released production capacity, leading to an increase in the production and sales volume of major products; second, the rise in product prices—during the reporting period, precious metal prices were on an upward trend, further driving the company's significant performance growth.

Shengda Resources, fully named Shengda Metal Resources Co., Ltd., is headquartered in Beijing and is a listed company primarily engaged in the mining and selection of non-ferrous metals. Its core assets include mines such as Jinshan Mining and Yindu Mining, with major products including silver, lead, zinc, and other non-ferrous metals. Jinshan Mining, an important subsidiary of Shengda Resources located in Inner Mongolia Autonomous Region, is mainly involved in silver mining and processing.

This performance forecast shows that after the technological transformation, Shengda Resources has achieved significant production capacity release. Coupled with the industry benefits from rising precious metal prices, the company's profitability has greatly improved. Shengda Resources stated that it will continue to promote mine technological transformation and capacity optimization, enhance the comprehensive utilization level of resources, and further consolidate its market position in the non-ferrous metal mining and selection sector.

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