Guocheng Mining Co Ltd

Guocheng Mining released its 2026 interim report, with total operating revenue of 3.363 billion yuan, net profit attributable to the parent company of 907 million yuan, and net cash inflow from operating activities of 492 million yuan. The company's asset-liability ratio was 71.07%, up 3.23 percentage points from the previous quarter and up 14.01 percentage points from the same period last year. Gross margin was 54.01%, ROE was 26.79%, and diluted earnings per share was 0.77 yuan. Total asset turnover was 0.25 times, and inventory turnover was 2.30 times, down 12.02% year-on-year. The number of shareholders was 44,900, and the top ten shareholders held 71.22% of the total share capital.

Sichuan Guocheng Lithium Industry Company Limited, a controlling subsidiary of Guocheng Mining, signed a Product Distribution Contract with Jike Supply Chain Management Chengdu Company Limited. From August 2026 to July 2036, it will supply battery-grade lithium carbonate to Jike, with monthly delivery volumes calculated as 25% of the lithium carbonate equivalent in the previous month's lithium concentrate output of the supplier. Jike is an affiliate of Hangzhou Jicheng Enterprise Management Partnership, a 5% shareholder of Guocheng Mining, making this transaction a related-party transaction. Pricing will be based on the average settlement price of the dominant battery-grade lithium carbonate futures contract on the Guangzhou Futures Exchange in the month before delivery, adjusted by a discount specified in the framework contract. From August 2026 to January 2027, payment will be made before delivery. The company said the agreement will bring sustained and stable operating revenue and gross profit contribution over the contract period, with market-based, fair and transparent pricing, and no transfer of benefits.