ZHIHUI MINING (02546) announces its 2025 annual performance with a net profit of 150 million yuan, an increase of 168.6% year-on-year.

ZHIHUI MINING (02546) announced its annual performance for the year ending December 31, 2025, with revenue of 616 million yuan, a year-on-year increase of 104.4%; net profit of 150 million yuan, a year-on-year increase of 168.6%; basic earnings per share of 0.41 yuan, and a proposed final dividend of 0.102 yuan per share. The increase in revenue during the period was primarily due to the following reasons: (i) the Group resumed normal operation schedules and did not suspend its production lines as in 2024. The longer production time led to an increase in metal ore production, resulting in more sales revenue compared to 2024; (ii) the ore feed grade (lead + zinc = 6.73%) delivered to the ore dressing plant for metal ore production this year was significantly higher than the ore feed grade (lead + zinc = 5.85%) delivered in 2024. A higher ore grade means producing more metal ore per ton of ore feed on the ore dressing production line, increasing the total output of metal ore; (iii) the significantly increased production was partially offset by the decline in zinc sales prices. After taking into account the price changes in processing fees (smelting and dressing fees), the zinc sales price decreased by approximately 19.1%; however, (iv) compared to the prices in 2024, the sales prices for lead-silver increased by approximately 32.5%, the sales prices for copper-silver increased by approximately 35.5%, and the copper prices also increased by approximately 10.8%.