en.Wedoany.com Reported - Xitong Company, a subsidiary of Baiyin Nonferrous Group Co., Ltd. (601212.SH), achieved a year-on-year output increase of 77.47% in the first half of 2026. Its copper product output and sales volume reached 51.37% and 50.99% of the annual plan, respectively, fully achieving the "double half" production targets. In March this year, Xitong Company's production and sales volume exceeded 15,500 tons, setting a new historical record. The first-phase project has fully reached its designed capacity and standards, with the product yield rate consistently maintained above 99.6%.
Founded in 1954 and headquartered in Baiyin City, Gansu Province, Baiyin Nonferrous Group Co., Ltd. is one of China's large-scale nonferrous metal industrial enterprises. It was listed on the Shanghai Stock Exchange in 2017. The company's business covers the mining, beneficiation, smelting, and processing of various nonferrous metals, including copper, lead, zinc, gold, and silver, making it an important nonferrous metal production base in China. Xitong Company is the core subsidiary of Baiyin Nonferrous Group engaged in deep processing of copper materials, primarily producing oxygen-free copper rods, copper wires, and other copper processed products.
In the first half of 2026, 13 up-drawing furnaces at Xitong Company's production site operated at full capacity, with intelligent production lines running efficiently. Processes such as automatic feeding, copper rod drawing, and automatic coiling were seamlessly connected. In June, Xitong Company successfully commissioned three additional up-drawing furnaces, significantly increasing its annual production capacity for oxygen-free copper rods. Simultaneously, two dual-head large wire drawing machines were put into operation, achieving full coverage of product specifications from φ3mm to φ35mm, further enriching the product portfolio.
In terms of quality control, Xitong Company's product yield rate has been stably maintained above 99.6%, reflecting the stability of its production processes and quality control capabilities. Leveraging its consistent product quality, Xitong Company has made progress in market expansion, with copper product sales volume reaching 50.99% of the annual plan, achieving a balance between production and sales.
The significant increase in Xitong Company's first-half output reflects its positive achievements in capacity release, production organization optimization, and market development. The full-capacity operation of 13 up-drawing furnaces, the smooth commissioning of new production capacity, and the expansion of product specifications have laid a solid foundation for achieving the company's annual operational targets. Baiyin Nonferrous Group stated that it will continue to support Xitong Company in deeply implementing the "increase revenue and reduce expenditure, lower costs and enhance efficiency, and turn losses into profits" plan, driving continuous improvement in operational quality and efficiency.
