Yunnan Chihong Zinc&Germanium Co Ltd

Chihong Zinc Germanium released its 2026 interim report. The company's total operating revenue was 13.837 billion yuan, up 30.78% year-on-year, and net profit attributable to the parent company was 1.59 billion yuan, up 70.58% year-on-year. Net cash inflow from operating activities was 2.275 billion yuan, up 5.38% year-on-year. The company's asset-liability ratio was 25.93%, gross margin was 22.04%, ROE was 8.95%, and diluted earnings per share was 0.32 yuan, up 72.31% year-on-year. Total asset turnover was 0.52 times, and inventory turnover was 5.23 times. The number of shareholders was 329,800, and the shareholding ratio of the top ten shareholders was 45.42%.

On the evening of August 25, multiple listed companies on the Shanghai and Shenzhen exchanges issued announcements disclosing half-year reports and major matters. Wanhua Chemical's subsidiary, Hungary's BorsodChem, resumed production at its facilities; CICC received approval to issue corporate bonds of up to 80 billion yuan; Advanced Micro-Fabrication Equipment's advanced thin-film equipment cumulative shipments exceeded 500 reaction chambers. In terms of performance, NAURA Technology Group posted first-half net profit of 3.37 billion yuan, up 5.05 percent year on year; Wus Printed Circuit posted net profit of 2.923 billion yuan, up 73.72 percent; CGN Power posted net profit of 6.105 billion yuan, up 2.66 percent; OKE Precision Cutting Tools posted net profit of 371 million yuan, up 47,734.24 percent; Hangzhou Cable posted net profit of 393 million yuan, up 938.67 percent; Joyson Electronics posted net profit of 739 million yuan, up 4.43 percent; Yunda Holding posted net profit of 998 million yuan, up 88.82 percent; Yahua Group posted net profit of 1.216 billion yuan, up 795.48 percent; Changjiang Securities posted net profit of 3.192 billion yuan, up 83.8 percent; Suzhou Good-Ark Electronics posted net profit of 77.2942 million yuan, up 76.87 percent; Yunnan Chihong Zinc & Germanium posted net profit of 1.59 billion yuan, up 70.58 percent; Jiangxi Copper posted net profit of 8.632 billion yuan, up 106.77 percent; Shanghai Yashi posted net profit of 114 million yuan, up 460.72 percent; Beijing Easpring Material Technology posted net profit of 520 million yuan, up 67.25 percent; 37 Interactive Entertainment posted net profit of 1.766 billion yuan, up 26.14 percent; Dongfang Tower posted net profit of 976 million yuan, up 97.84 percent; Jingxing Paper posted net profit of 139 million yuan, up 152.95 percent; Huaqin Technology posted net profit of 3 billion yuan, up 58.8 percent; Lianyun Technology posted net profit of 520 million yuan, up 825.54 percent; Guosen Securities posted net profit of 5.732 billion yuan, up 6.79 percent; CSSC Offshore & Marine Engineering posted net profit of 837 million yuan, up 58.94 percent; Luwei Optoelectronics posted net profit of 145 million yuan, up 35.82 percent; Lu'an Environmental Energy posted net profit of 1.778 billion yuan, up 31.85 percent; JPT Opto-electronics posted net profit of 195 million yuan, up 105.25 percent; Tongkun Group posted net profit of 4.222 billion yuan, up 285.03 percent; China Merchants Securities posted net profit of 10.624 billion yuan, up 104.87 percent; Sichuan Changhong posted net profit of 1.646 billion yuan, up 228.62 percent; Qinghai Salt Lake Industry posted net profit of 6.169 billion yuan, up 137.88 percent; Dawn Polymer posted net profit of 237 million yuan, up 181.94 percent; Allwinner Technology posted net profit of 490 million yuan, up 204.17 percent; Hanshow Technology posted net profit of 336 million yuan, up 51.22 percent; Dinglong posted net profit of 529 million yuan, up 70.21 percent; SF Diamond posted net profit of 78.1797 million yuan, up 46.9 percent; Robotechnik posted net profit of 6.5568 million yuan, turning from loss to profit year on year; Qianjin Pharmaceutical posted net profit of 181 million yuan, up 41.59 percent; Zhucheng Technology posted net profit of 132 million yuan, up 49.35 percent; Hengfeng Paper posted net profit of 112 million yuan, up 17.95 percent; Kidswant posted net profit of 172 million yuan, up 19.9 percent; Huate Gas posted net profit of 92.8327 million yuan, up 19.16 percent; Zhejiang Longsheng posted net profit of 1.004 billion yuan, up 8.2 percent; Dameng Data posted net profit of 221 million yuan, up 7.99 percent; Innovent Biologics posted first-half total revenue of 8.618 billion yuan, up 44.8 percent. In addition, Annil plans to repurchase shares worth 40 million to 80 million yuan, and Beimo Gaoke plans to repurchase shares worth 120 million to 180 million yuan.

Chihong Zinc and Germanium released its 2026 semi-annual report, achieving operating revenue of 13.837 billion yuan, up 30.78% year-on-year; net profit attributable to shareholders of the listed company was 1.59 billion yuan, up 70.58% year-on-year. The company's second-quarter net profit was 928 million yuan, and first-quarter net profit was 662 million yuan. Based on this calculation, second-quarter net profit increased 40% quarter-on-quarter.

China Rare Earth Nonferrous Metals disclosed its first-half earnings forecast, expecting net profit attributable to shareholders of the listed company to be between 370 million and 430 million yuan, a year-on-year increase of 410.35 percent to 493.11 percent. As of July 13, 657 A-share listed companies had disclosed first-half earnings forecasts, with over 60 percent reporting positive results, and sentiment in traditional sectors such as nonferrous metals has significantly improved. As of 10:25 on July 14, the CSI Nonferrous Metals Industry Thematic Index rose 0.63 percent, with constituent China Rare Earth Nonferrous Metals up 5.66 percent, Chihong Zinc and Germanium up 4.16 percent, and Aluminum Corporation of China up 3.08 percent. The ChinaAMC Nonferrous Metals ETF rose 0.62 percent, and the ChinaAMC Rare Metals ETF rose 1.02 percent.

Several non-ferrous metals companies have forecast significant year-on-year growth in first-half net profit, driving strong gains in related ETFs. As of the close on July 14, 2026, the ChinaAMC Non-Ferrous Metals ETF rose 5.36%, and the ChinaAMC Rare Metals ETF gained 4.31%. Companies such as Zhongfu Industrial, Chihong Zinc & Germanium, and Tianshan Aluminum have forecast sharp year-on-year increases in first-half net profit. From January to May this year, driven by demand from emerging industries like new energy and artificial intelligence, prices of products such as copper and aluminum remained elevated, boosting profit growth in the non-ferrous sector by 117.1%. Guotai Haitong Securities noted that the non-ferrous metals sector is benefiting from a dual catalyst of mid-year earnings forecast upgrades and valuation repair, and with the demand elasticity for metals like copper, tin, and tantalum from the AI supply chain, the sector's allocation value is becoming prominent.

Chihong Zinc and Germanium issued an announcement, expecting net profit attributable to shareholders of the listed company for the first half of 2026 to be between 1.55 billion and 1.75 billion yuan, representing a year-on-year increase of 66.26% to 87.71%. The profit growth was mainly due to higher average market prices for core metals such as zinc, silver, and germanium, as well as sulfuric acid products, while the company optimized its production pace and increased output of non-ferrous metals. Among this, net profit for the second quarter is expected to be between 888 million and 1.088 billion yuan, up 34% to 64% quarter-on-quarter from 662 million yuan in the first quarter.