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Shengda Resources: Expected net profit for the first half of the year increased by 399.31%-470.64% year-on-year.

MeNews
ME AI News message: Shengda Resources expects net profit of 350 million to 400 million yuan in the first half of the year, a year-on-year increase of 399.31%–470.64%. After its wholly owned subsidiary, Inner Mongolia Jinshan Mining Co., Ltd., completed mining engineering and the technical renovation of its mineral processing plant in 2024, its mining and mineral processing capabilities have improved, production capacity has been gradually released, and product production and sales volumes will increase in the first half of 2026. Combined with the rise in precious metal prices, the company’s sales prices for its main mine products increased compared with the same period last year. (Source: Wall Street Insights)
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