Jinhui Mining Co Ltd

Jinhui Shares wholly-owned subsidiary Xicheng Mining has obtained the mining license for the Yangjiashan lead-zinc mine. The mining right covers an area of 3.6451 square kilometers, with zinc, lead, and silver as the extractable minerals, valid until August 9, 2040. This mining right was converted from part of the previously held exploration right, while the remaining area continues to retain exploration rights covering 52.9543 square kilometers, valid until June 9, 2028. The Yangjiashan lead-zinc mine is located in the Jiangluo mining area of Hui County, Longnan City, with a designed production capacity of 660,000 tonnes per year. After acquisition, the company's production capacity will increase from the original 1.78 million tonnes per year to 2.44 million tonnes per year, further expanding lead-zinc resource reserves and enhancing resource security capabilities.

Jinhui Mining released its 2026 semi-annual report, achieving operating revenue of 1.085 billion yuan, up 37% year-on-year. Net profit attributable to shareholders of the listed company was 409 million yuan, up 61.52% year-on-year. The company plans to distribute a cash dividend of 3.30 yuan per 10 shares, tax included, to all shareholders. Second-quarter net profit was 204 million yuan, down 0.50% quarter-on-quarter.

Jinhui Mining issued a profit forecast, expecting net profit attributable to shareholders of the listed company for the first half of 2026 to be between 400 million and 420 million yuan, representing a year-on-year increase of 58.03% to 65.93%. The profit growth is mainly due to higher silver and zinc metal prices compared with the same period last year, as well as an increase in zinc concentrate production and sales volume.