Xizang Mineral Development (000762) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was ¥133.72 million, down 65.91% year-over-year, mainly due to lower sales volume and prices for lithium and chrome products.

• Net loss attributable to shareholders was ¥15.30 million, a decrease of 113.78% compared to a net profit in the same period last year.

• Cash flow from operating activities was ¥45.46 million, down 83.06% year-over-year.

• The company maintained its leading position in lithium and chrome resource development, leveraging resource, policy, and central SOE advantages.

Financial highlights

• Operating income: ¥133.72 million, down 65.91% year-over-year.

• Net loss attributable to shareholders: ¥15.30 million, compared to a profit of ¥111.05 million last year.

• Basic and diluted EPS: -¥0.029, down from ¥0.213.

• Gross margin for lithium products: 15.48%; for chrome products: 34.95%.

• Total assets at period end: ¥7.42 billion, down 0.35% from year-end 2024.

• Net assets attributable to shareholders: ¥2.94 billion, down 1.25% from year-end 2024.

Outlook and guidance

• The company is focused on risk management, ecological safety, and adapting to supply-demand changes in lithium and chrome markets.

• Plans to invest in joint exploration of the Robsha III chrome mine, with 40% equity in new findings.