Tongling Nonferrous Metals Group (000630) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥64.67 billion, up 83.61% year-over-year, driven by increased sales volume and higher prices.

• Net profit attributable to shareholders was ¥1.34 billion, a 19.12% increase compared to the same quarter last year.

• Operating cash flow surged 473.09% year-over-year to ¥6.63 billion, reflecting stronger operational performance.

Financial highlights

• Basic EPS was ¥0.10, up 11.11% year-over-year; diluted EPS was ¥0.10, up 25%.

• Total assets at quarter-end were ¥103.98 billion, up 3.76% from year-end 2025.

• Shareholders’ equity increased 1.36% to ¥37.49 billion.

• Non-recurring gains contributed ¥779.53 million, mainly from government subsidies and financial asset gains.

Outlook and guidance

• The Mirador Copper Mine Phase II project in Ecuador faces delays due to political instability and regulatory uncertainty; contract signing and production timeline remain uncertain.