On April 9, Sinomine Resource Group announced that it expects the net profit attributable to shareholders of the listed company for the first quarter of 2026 to be between Yuan 500 million and 550 million, representing a year-on-year increase of 270.97% to 308.07%.
Driven by growing downstream demand for energy storage and power batteries, the market prices of lithium salt products increased significantly compared to the same period last year. As a result, the profit from the company's lithium battery new energy raw material development and utilization business increased year-on-year, enhancing the company's overall profitability. The company's Tsumeb smelter in Namibia also reduced its loss compared to the same period last year.
(Note: Sinomine Resource Group reported a net profit of Yuan 253.4 million in Q4 2025. Based on this, the estimated net profit for Q1 2026 represents a sequential increase of 97.32% to 117.05%.)
