Sinomine Resource Forecasts Up to Fourteenfold Jump in H1 Profit

Sinomine Resource (SHE:002738) expects its attributable profit to grow fourteenfold in the first half of 2026 to up to 1.25 billion yuan from 89.1 million yuan a year earlier. Net profit is forecast to grow by about 1,078% to 1,302% from a year prior, according to a Shenzhen bourse filing on Saturday. Basic earnings per share is predicted to range between 1.46 yuan and 1.73 yuan, up from 0.12 yuan a year prior. The manufacturer of lithium-ion battery raw materials attributed the anticipated jump to the development of the downstream energy storage and power battery industries.