Ye Chiu Metal Recycling China Ltd

Yechiu Resource Recycling released its 2026 semi-annual report, achieving operating revenue of 4.033 billion yuan, up 12.62% year on year. Net profit attributable to shareholders of the listed company reached 225 million yuan, a year-on-year surge of 667.13%.

Yee Chiu Resources disclosed an earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 179 million yuan and 264 million yuan, a year-on-year increase of 510% to 800%. Deducted non-recurring profit is expected to be between 173 million yuan and 258 million yuan, a year-on-year increase of 427% to 686%. The company stated that due to the impact of Middle East geopolitical conflicts, shipping disruptions in the Strait of Hormuz combined with overseas aluminum smelter shutdowns have led to a temporary global aluminum supply gap, with a significant widening of price spreads between domestic and overseas markets. The company leveraged its channel allocation advantages to increase the proportion of overseas sales, driving an overall year-on-year improvement in gross profit. At the same time, tight global commodity supply and demand and geopolitical conflicts have pushed up overall prices of ferrous metals, non-ferrous metals, and precious metals, raising the average selling prices of the company's various main products and boosting overall profit growth.

Yechiu Resource issued a positive profit alert, expecting first-half net profit of 179 million yuan to 264 million yuan, a year-on-year increase of 510.00% to 800.00%. The company closed today at 2.90 yuan, up 5.45%, with net capital inflow from major funds of 16.3821 million yuan.