Yunnan luoping Zinc & Electricity Co Ltd

Luoping Zinc & Electricity released its 2026 interim report, with net profit attributable to the parent company at a loss of 65.81 million yuan, narrowing the loss by 26.38 million yuan compared with the same period last year. Total operating revenue was 745 million yuan, up 43.10 percent year-on-year. Net cash inflow from operating activities was 106 million yuan, up 136.82 percent year-on-year. The company's latest asset-liability ratio was 64.94 percent, gross margin was 0.93 percent, return on equity was negative 9.47 percent, and diluted earnings per share was negative 0.20 yuan.

Luoping Zinc & Electricity has disclosed its earnings forecast, projecting a net loss attributable to shareholders of 60 to 80 million yuan for the first half of 2026, compared with a loss of 92.1902 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 59 to 79 million yuan, versus a loss of 65.4627 million yuan a year earlier. Basic loss per share is estimated at 0.19 to 0.25 yuan. The company stated that increased sales of its main products, zinc ingots and zinc alloys, along with higher selling prices for by-products, drove year-on-year revenue growth. However, rising raw material procurement costs pushed up operating costs, and a significant decline in zinc metal processing fees led to a year-on-year increase in inventory impairment provisions. On the other hand, unit processing costs decreased due to refined management, and non-operating expenses also fell year-on-year, resulting in a narrower loss compared with the same period last year.