en.Wedoany.com Reported - Western Mining Co., Ltd. released its semi-annual report for 2026, reporting revenue of 39.443 billion yuan during the period, a year-on-year increase of 25%; net profit of 4.169 billion yuan, up 123% year-on-year; non-GAAP net profit of 4.211 billion yuan, up 130% year-on-year; and net cash flow from operating activities of 8.349 billion yuan, up 67% year-on-year.
In the semi-annual report, Western Mining pointed out that non-ferrous metal prices rose significantly during the reporting period. Copper prices increased from a range of 71,000 yuan/ton to 82,000 yuan/ton in the same period last year to a range of 91,500 yuan/ton to 114,000 yuan/ton, a notable rise. Meanwhile, prices of molybdenum, lead, zinc, as well as precious metals like gold and silver, all increased to varying degrees. Combined with the company's basic production volumes of the aforementioned non-ferrous metal-related products, profits from main products increased substantially. Additionally, prices of by-products such as sulfuric acid and sulfur also rose sharply, collectively driving a significant increase in the company's performance.
Western Mining also disclosed that the infrastructure for the third phase of the Yulong Copper Mine is planned to be completed by the end of 2026. After the project is put into operation, the mine's annual ore processing capacity will increase from 22.8 million tons to 30 million tons, which will help further enhance the company's copper metal output scale and profitability.
In April 2025, the company obtained a mining license for the Youre Lead-Zinc Mine in Baiyu County, Sichuan Province, which has lead-zinc ore resources of 6.792 million tons. The mine's designed production capacity is 600,000 tons per year. Currently, project construction is progressing in an orderly manner. Once completed and put into operation, it will enable the coordinated comprehensive development of multiple metals including lead, zinc, silver, and copper, continuously improving the company's medium- to long-term lead-zinc resource security capabilities.
In addition, the conversion of the Chating Mining area from exploration to mining is being actively promoted. The company obtained an exploration permit in early February. Currently, preliminary work such as field drilling, geological sampling, review of industrial index demonstration reports, environmental impact assessment, and site preparation for utilities is progressing in an orderly manner, with the goal of completing construction and commencing production by the end of 2030. The construction of the new 800,000-ton/year concentrator at Xinyuan Mining is essentially complete, and infrastructure construction at the Youre mining area is steadily advancing, with the main adit and air intake shaft being built as planned.
Western Mining's stock price closed at 36.91 yuan per share on July 29, corresponding to a total market capitalization of approximately 87.96 billion yuan. From June 29 to July 29, 2026, Western Mining's stock price accumulated a gain of 39.97%.
