Xinjiang Xinxin Mining (03833) expects net profit to be about 257.3 million yuan in the medium term, up about 259.4% year on year

According to Zhitong Finance App, Xinjiang Xinxin Mining (03833) announced that the Group expects to obtain consolidated revenue of approximately RMB 1,265.7 billion for the six months ending June 30, 2026, up about 13.2% compared to the same period last year; and net profit attributable to the company's shareholders is approximately RMB 257.3 million, a sharp increase of about 259.4% compared to RMB 71.6 million in the same period last year.

The board of directors believes that the main reason for the sharp increase in the Group's operating performance over the same period last year was the increase in the average sales prices of the Group's electrolytic nickel, cathode copper and other products during the period compared to the same period last year.