Reported Earnings • Aug 28
Second quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.11 (down from CN¥0.15 in 2Q 2025). Revenue: CN¥505.4m (down 6.7% from 2Q 2025). Net income: CN¥91.7m (down 33% from 2Q 2025). Profit margin: 18% (down from 25% in 2Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥23.27, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 34x in the Metals and Mining industry in China. Total returns to shareholders of 160% over the past three years. Announcement • Jul 30
Henan Wanyang Qixin Management Co., Ltd completed the acquisition of 11% stake in Tibet Huayu Mining Co., Ltd. (SHSE:601020) from Tibet Daoheng Investment Co., Ltd. Henan Wanyang Qixin Management Co., Ltd signed a Share Transfer Agreement to acquire 11% stake in Tibet Huayu Mining Co., Ltd. (SHSE:601020) from Tibet Daoheng Investment Co., Ltd. for CNY 2.5 billion on April 10, 2026. A cash consideration valued at CNY 27.85 per share will be paid by Henan Wanyang Qixin Management Co., Ltd. After the completion of the transaction, Tibet Daoheng Investment Co., Ltd. will hold a 4.22% stake, and Henan Wanyang Qixin Management will hold an 11% stake in Tibet Huayu Mining Co., Ltd.
Henan Wanyang Qixin Management Co., Ltd completed the acquisition of 11% stake in Tibet Huayu Mining Co., Ltd. (SHSE:601020) from Tibet Daoheng Investment Co., Ltd. on July 28, 2026.