Shenzhen Zhongjin Lingnan Nonfemet Co Ltd

Zhongjin Lingnan disclosed its 2026 semi-annual report on August 28. In the first half of the year, it achieved total operating revenue of 42.194 billion yuan, up 35.62% year on year; net profit attributable to the parent company was 1.142 billion yuan, up 104.35% year on year; and non-GAAP net profit was 1.119 billion yuan, up 106.25% year on year. Net cash flow from operating activities was negative 298 million yuan, compared with 723 million yuan in the same period last year. Basic earnings per share were 0.26 yuan, and the weighted average return on equity was 5.73%, up 2.03 percentage points year on year. The company is mainly engaged in the mining, beneficiation and smelting of non-ferrous metals such as copper, lead and zinc, and also comprehensively recovers rare and dispersed metals including gold, silver, gallium and germanium.

Multiple A-share companies have released earnings forecasts, projecting substantial net profit growth for the first half of the year. Storage leader Longsys expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 9.2 billion and 11 billion yuan, a year-on-year increase of 62,204% to 74,394%, driven by rising downstream demand and limited global storage wafer capacity growth, which has boosted the storage industry's prosperity, along with renewed supply agreements with multiple wafer foundries. Hangzhou Cable expects net profit attributable to the parent company for the first half to be approximately 360 million to 400 million yuan, up 852% to 958%, benefiting from a recovery in the optical fiber and cable market and higher volumes and prices for optical fiber products. Dongyue Silicone expects net profit attributable to the parent company for the first half to be between 424 million and 444 million yuan, a year-on-year increase of 905% to 952%, due to rising silicone product prices and lower raw material costs. Huafu Fashion expects net profit attributable to the parent company for the first half to be between 160 million and 200 million yuan, up 538% to 697%, mainly due to higher cotton prices and investment income of approximately 160 million yuan. CECport expects net profit attributable to the parent company for the first half to be between 500 million and 530 million yuan, a year-on-year increase of 176% to 193%, thanks to strong demand in areas such as artificial intelligence and rising memory prices. Zhongjin Lingnan expects net profit attributable to the parent company for the first half to be between 1.05 billion and 1.2 billion yuan, up 88% to 115%, due to higher metal prices and increased gains from changes in fair value of financial assets. In addition, ST Jiaao expects to turn losses into profits, and ST Jinghua also expects to reverse losses year-on-year.