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Tibet Huayu Mining Co Ltd

Tibet Huayu Mining Co., Ltd. engages in the exploration, mining, and beneficiation of non-ferrous and precious metals in China. It primarily explores for lead, zinc, copper, antimony, gold, and silver. The company also provides related consulting services. In addition, it is involved in mineral product trading and mining equipment sales. The company was founded in 2002 and is headquartered in Lhasa, China.

Price · split & dividend adjusted
News & notes moving 601020.CG
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Huayu Mining General Manager Chen Xu Resigns as First-Quarter Revenue and Net Profit Both Decline

Huayu Mining General Manager Chen Xu has resigned from the position of general manager due to personal reasons, and will no longer hold any position in the company or its subsidiaries. Earlier, on June 3, board secretary Li Xiang also resigned for personal reasons. In the first quarter of 2026, Huayu Mining achieved revenue of 222 million yuan, a year-on-year decrease of 15.12 percent, and net profit attributable to the parent company of 30.5576 million yuan, down 33.07 percent year-on-year. The company recently completed a change in controlling shareholder, with Wanyang Qixin acquiring an 11.00 percent stake from the original controlling shareholder Daoheng Investment through a negotiated transfer, and the actual controller changed to Lu Junliang. As of the close on August 11, Huayu Mining shares traded at 22.66 yuan per share, with a total market value of 18.58 billion yuan, and the share price has fallen 15.38 percent this year.
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Fed holds rates steady, precious metals concepts strengthen intraday

The Federal Reserve kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting, marking the fifth consecutive hold this year and in line with broad market expectations. On the news, the precious metals sector rose 3.52% intraday on July 30, with Zhaojin Gold up 9.99%, Chifeng Gold up 5.12%, Western Gold up 4.82%, Huayu Mining up 4.17%, and Sichuan Gold up 3.87%. A research note from Changjiang Securities pointed out that looking ahead to the second half, easing geopolitical impacts, retreating oil prices and inflation, coupled with continued central bank gold purchases for de-dollarization led by China, will gradually restore demand support. It maintains a medium-term bullish view and recommends actively adding positions on pullbacks. A Shanghai Securities research note noted that the allocation value of precious metals is expected to stand out in 2026. In addition, demand for new materials such as solder paste, indium phosphide, and tantalum-niobium materials continues to rise in sub-sectors like optical modules. Industries including AI, semiconductor self-sufficiency, and aerospace are driving structural growth in precious metals-related industrial chains.
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