Xinjiang Baodi Mining Co. Ltd. A

Baodi Mining released its 2026 interim report. Total operating revenue was 888 million yuan, up 23.14% year on year. Net profit attributable to the parent company was 189 million yuan, up 207.44% year on year. Net cash inflow from operating activities was 121 million yuan. The asset-liability ratio was 43.67%, and the gross margin was 45.43%, ranking second among peer companies. Return on equity was 4.25%, ranking third. Diluted earnings per share were 0.20 yuan, up 153.75% year on year. The company had 31,000 shareholders, and the top ten shareholders held 68.01% of total share capital.

The market opened lower today, with the STAR 50 Index pulling back into positive territory. The gaming sector surged on news that 171 online games received publishing licenses in June, while semiconductor silicon wafer and lab-grown diamond concepts also led the gains. Twenty-five companies disclosed their first-half earnings forecasts, among which Yahua Group expects net profit to grow by 710.17 percent to 857.48 percent year-on-year, and Shiyuan Shares and Hangjin Technology have upper guidance limits exceeding 300 percent. Several stocks with strong earnings growth, such as Yahua Group, Shiyuan Shares, and Baodi Mining, hit their daily limit-up on opening. In addition, margin balances declined for three consecutive days, with Eoptolink Technology topping the list with net margin buying of 1.15 billion yuan, and the electronics sector was the most favored by margin traders. Another eight companies announced shareholder reduction plans.

Baodi Mining expects net profit attributable to owners of the parent for the first half of 2026 to be between 178 million and 191 million yuan, an increase of 189% to 210% year-on-year. The profit growth is mainly driven by stronger international gold prices, new sales of gold polymetallic ore powder by its wholly-owned subsidiary Haxiyatu Mining, and the inclusion of Congling Energy in the consolidated financial statements.

Baodi Mining has acquired a 66% equity stake in Kaihong Investment from Shouyi Steel through a public auction on the Beijing Equity Exchange for 1.25 billion yuan, and signed the property rights transaction contract on July 3. After the transaction, Kaihong Investment will become a controlled subsidiary of Baodi Mining and be consolidated into its financial statements.