Xinjiang Xinxin Mining Issues Positive Profit Alert, Anticipates Mid-Year Net Profit of Approximately 2.573 Billion Yuan, Up About 259.4% Year-on-Year
Stock News
Jul 23
The company has announced an expected consolidated operating revenue of approximately RMB 12.657 billion for the six-month period ending June 30, 2026. This represents an increase of about 13.2% compared to the RMB 11.179 billion recorded in the same period last year.
Furthermore, the net profit attributable to the company's shareholders is projected to be around RMB 2.573 billion, marking a substantial surge of approximately 259.4% from the RMB 71.6 million reported for the prior-year period.
The board of directors attributes the significant improvement in operating performance primarily to an increase in the average selling prices of the group's key products, including electrolytic nickel, cathode copper, and other items, during the period compared to the previous year.
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