Sinomine Resource Group (002738) Q2 2025 earnings summary

Executive summary

• Revenue rose 34.89% year-over-year to ¥3.27 billion, driven by increased lithium salt and spodumene sales and new copper smelting business.

• Net profit attributable to shareholders fell 81.16% year-over-year to ¥89.13 million, mainly due to lower lithium prices and higher costs.

• Basic EPS dropped 81.16% to ¥0.1235.

• Total assets at period-end were ¥17.31 billion, up 0.69% from year-end 2024.

Financial highlights

• Operating income: ¥3.27 billion, up 34.89% year-over-year.

• Net profit attributable to shareholders: ¥89.13 million, down 81.16% year-over-year.

• Operating cash flow: -¥352.12 million, a further decline from -¥107.16 million last year.

• Gross margin for rare light metals (cesium, rubidium) segment: 72.24%.

• Non-recurring gains: ¥81.63 million, mainly from disposal of idle office property and government subsidies.

Outlook and guidance

• Lithium salt business faces cost pressure and price volatility; company is upgrading production lines to lower costs and improve competitiveness.

• Expansion in copper and multi-metal projects in Africa and North America to diversify revenue.

• Focus on high-end products and strategic customers in lithium segment.