On July 13, Hainan Mining Co., Ltd. announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be in the range of Yuan 470 million to 550 million, representing a year-on-year increase of 68% to 96%. The change in performance is primarily attributable to the stable operation of its integrated lithium resource industrial chain, which allowed the company to capitalize on the recovery in lithium salt prices and expand production and sales volumes, as well as to higher earnings from its oil and gas business driven by rising crude oil prices.
Note: The company's Q2 net profit is estimated at Yuan 269 million to 349 million, compared with Q1 net profit of RMB 201 million. Based on this, Q2 net profit is expected to grow by 34% to 74% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
