On April 23, Dazhong Mining disclosed its 2025 annual report, reporting revenue of Yuan 4.090 billion and net profit attributable to parent company shareholders of Yuan 736 million. The company plans to distribute a cash dividend of Yuan 2 per 10 shares. During the reporting period, its core iron ore business delivered stable profitability, while the lithium business contributed incremental revenue for the first time. The Sichuan Jiada Lithium Mine began selling run-of-mine ore as a byproduct from September 2025, generating a gross profit of Yuan 105 million.
In terms of projects, the Jijiaoshan Lithium Mine is expected to commence production in 2026, while the Jiada Lithium Mine is in the final stage of transitioning from exploration to mining rights. The two mines together hold over 472,000 metric tonnes of lithium carbonate equivalent (LCE) with a combined annual capacity of 130,000 metric tonnes, positioning the company among the top tier of domestic lithium mining resources.
Additionally, the sulfuric acid business experienced both volume and price growth, with sales revenue reaching Yuan 245 million, a year-on-year increase of 127.55%, and gross profit of nearly Yuan 100 million, making it a core profit growth driver. Leveraging its resource self-sufficiency and cost advantages, the company is also collaborating with Wanhua Chemical on lithium salt production capacity, securing long-term orders and downstream demand while accelerating its upstream expansion into the new energy sector.
Edited by Cassie Li, lixiangying@mysteel.com
