Tibet Mineral Development Co Ltd

Tibet Mineral Development released its 2026 interim report, achieving a net profit attributable to the parent company of 60.0663 million yuan, an increase of 75.3713 million yuan compared with the same period last year, successfully turning losses into profits. The company's total operating revenue was 541 million yuan, up 304.58 percent year-on-year. Net cash inflow from operating activities was 245 million yuan, up 438.59 percent year-on-year. During the reporting period, the company's gross margin was 43.66 percent, an increase of 18.15 percentage points year-on-year. Return on equity was 2.01 percent, an increase of 2.53 percentage points year-on-year.

Tibet Mineral Development disclosed its earnings forecast, estimating a net profit attributable to the parent company of 50 million to 66 million yuan for the first half of 2026, swinging from a loss to a profit year-on-year. During the reporting period, driven by market supply and demand, lithium salt market prices rose significantly compared with the same period last year. With the capacity release following the commissioning of the company's Zhabuye Phase II project, the company's lithium salt product sales volume and selling price increased simultaneously, driving a significant rise in the company's main business revenue for the period and achieving a turnaround to profitability.