Xingye Mining Has Grown From Zinc And Iron Business To Multiple Metals Business

Xingye Mining formed diversified business structure involving silver, copper, tin, lead and zinc in 2018. Its variety of metals was dramatically expanded.

Growing from zinc and iron business to multiple metals business (copper, tin, silver), Xingye Mining is upgrading its profit diversity. Relying on regional advantages of resource abundance and quality resource introduction by shareholders, Xingye Mining purchased Yinman mine and Qianjinda mine in 2016. Xingye Mining formed diversified business structure involving silver, copper, tin, lead and zinc in 2018.

According to semiyearly report of Xingye, in H1, 2018, fine zinc powder, fine copper-slive powder and fine tin powder were three major contributors to revenue, gross margin respectively being 53.36%, 18.34% and 17.71%. in 2016, corporate gross margin mainly consisted of fine zinc powder and fine iron powder, respectively occupying 83.33% and 15.65%. It is estimated that, as Yinman mine project finishes its technology reform in 2019-2020, Xingye Mining will further improve the ratio of silver and copper tin in its total profit, thus enhancing its risk-resistant ability over single metal business.