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Shengda Resources: Expected net profit growth of 744.99% to 986.42% year-on-year in the first quarter of 2026
Shengda Resources Announcement, expected net profit for the first quarter of 2026 to be between 70 million yuan and 90 million yuan, a year-on-year increase of 744.99% to 986.42%.
The company’s wholly-owned subsidiary, Inner Mongolia Jinshan Mining Co., Ltd., completed technical renovations of mining engineering and ore processing plants in 2024, and in 2025, mining and ore processing capacities have been improved, product output increased, and the remaining finished products at the end of 2025 also increased.
Coupled with the rise in precious metal prices, the average selling price of the company’s main products from its mines increased compared to the same period last year, leading to a significant year-on-year growth in the company’s operating performance.