Shengtuo Mining: Expected net profit growth of 226.27% to 294.95% year-on-year in the first quarter of 2026

K-LinePoet · 2026-04-09T02:38:21+00:00

Shengtun Mining announces that it is expected to achieve a net profit attributable to shareholders of the listed company of 950 million to 1.15 billion yuan in the first quarter of 2026, representing an increase of 226.27% to 294.95% compared to the same period last year. During the reporting period, the company's Congo (DRC) copper-cobalt project achieved a year-on-year increase in copper product output, while copper prices remained at historically high levels and increased compared to the same period last year, leading to a year-on-year rise in performance. The company continues to improve quality and efficiency, strengthen refined management, and some subsidiaries have seen varying degrees of improvement in operating performance, with controllable costs decreasing year-on-year.

K-LinePoet

2026-04-09 02:38:21

Shengtun Mining’s announcement: It expects net profit attributable to shareholders of listed companies to be RMB 950 million to RMB 1.15 billion in the first quarter of 2026. Compared with the same period last year, this represents an increase of 226.27% to 294.95%. During the reporting period, the Company’s copper and cobalt project in the Democratic Republic of the Congo (DRC) achieved year-over-year growth in copper product output. At the same time, the copper price this period remained at a historically high level and was higher than in the same period last year, so the Company’s performance increased year over year. The Company continues to improve quality and efficiency internally, strengthening refined management, and some of its subsidiaries’ operating performance improved to varying degrees, while controllable costs decreased year over year.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.