Qinghai Jinrui Mineral Development Co Ltd

Jinrui Mining released its 2026 interim report, with total operating revenue of 152 million yuan, down 15.79% year on year. Net profit attributable to the parent company was 16.7713 million yuan, down 53.69% year on year. Net cash inflow from operating activities was 26.4308 million yuan, up 56.88% year on year. The company's asset-liability ratio was 8.33%, gross margin was 23.17%, return on equity was 2.18%, and diluted earnings per share was 0.06 yuan. The number of shareholders was 23,700, and the top ten shareholders held 49.18% of the total share capital.

Jinrui Mining has disclosed its earnings forecast, expecting a net profit attributable to the parent company of 16.7714 million yuan for the first half of 2026, a year-on-year decline of 53.69 percent. Deducted non-recurring net profit is expected to be 16.3651 million yuan, down 55.81 percent year-on-year. The company's main business is the mining and sale of celestite ore, as well as the production and sale of strontium salt series products. The decline in performance is mainly due to a year-on-year drop in production and sales volumes of main products caused by a production halt for maintenance in the first quarter, while intensified industry competition led to a year-on-year fall in prices of major products. Based on the closing price on July 14, Jinrui Mining's current price-to-earnings ratio is approximately 393.26 times, its price-to-book ratio is about 5.81 times, and its price-to-sales ratio is about 14.56 times.