[Chihong Zn & Ge Releases H1 2026 Earnings Guidance]According to Chihong Zn & Ge, the company preliminarily estimates that net profit attributable to shareholders for the first half of 2026 will reach RMB 1.55–1.75 billion, representing an increase of RMB 617.72–817.72 million from the same period last year, up 66.26%–87.71% YoY. The strong earnings growth was mainly driven by higher average market prices for its core products, including zinc, silver, germanium, as well as sulfuric acid, during the reporting period.

[Lead-Zinc Ore Market Dynamics] Recently, Yunnan Chihong Zn & Ge Co., Ltd. responded to investor questions on an interactive platform, stating that the company is proceeding in an orderly manner with the third-phase exploration and boundary delineation exploration of the Xidong lead-zinc mine. The mining permit application and plan optimization for the Jinxin molybdenum mine are being actively advanced, and the matter has received great attention from leaders at the Ministry of Natural Resources and relevant authorities in Heilongjiang and Inner Mongolia.

[Lead-Zinc Ore Market Dynamics] According to information from the National Intellectual Property Administration, Yunnan Chihong Zn & Ge Co., Ltd. and the Institute of Resources Utilization and Rare Earth Development of Guangdong Academy of Sciences filed a patent application titled "A Clean Beneficiation Method for High-Copper Complex Copper-Lead-Zinc Ore." The publication number is CN121945277A, and the application number is CN202610289146.5.

[Yunnan Chihong Zn & Ge Co., Ltd. 2026 Q1 Report Released] On April 29, Yunnan Chihong Zn & Ge Co., Ltd. released its 2026 Q1 report. The report showed that in 2026 Q1, the company's production included lead concentrates (16,600 mt in metal content), zinc concentrates (53,000 mt in metal content), lead products (42,900 mt), zinc ingot (74,400 mt), zinc alloy (65,100 mt), germanium products containing 15.73 mt of germanium, silver products (96 mt), and gold (201.42 kg).

Recently, Yunnan Chihong Zn & Ge Co., Ltd. released its 2025 annual report. The report showed that in 2025, the company's production included zinc concentrates (213,200 mt in metal content), lead concentrates (81,700 mt in metal content), zinc ingot (291,400 mt), and zinc alloy (233,400 mt).

[Mining and Metallurgical Enterprise Dynamics] According to Yunnan Chihong Zn & Ge Co., Ltd. (600497), during the Chinese New Year, while families across the country were reuniting, the company's production units nationwide remained busy. Many employees at operations such as Yongchang Lead-Zinc, Hulunbuir Chihong, Huize Mining and Smelting chose to stay at their posts, ensuring safe and stable production during the holiday at high-altitude snowy regions, underground mines thousands of meters deep, beside smelting furnaces, and project sites.

[Lead Smelter Updates] Recently, Yunnan Chihong Zn & Ge Co., Ltd. (600497) stated on an interactive platform that the company primarily focuses on the extraction, enrichment, and efficient recovery technologies of germanium resources associated with lead-zinc mines. By deepening strategic collaboration with its joint venture Chalco Qianxing (Chengdu) Technology Co., Ltd., it continues to provide stable, high-quality germanium raw material supplies. The processing of the mining license and project design optimization for the Jinxin Molybdenum Mine are progressing in an orderly manner. The Huize Mining Mine Plant has not implemented a deep expansion project; instead, it is advancing the optimization of its deep safety system, which is expected to be completed by the end of 2026.

[Lead Smelter Updates] Recently, Yunnan Chihong Zn & Ge Co., Ltd. (600497) responded to investor inquiries on an interactive platform, stating that the Huize mine is currently operating normally. After the completion of the Huize mine safety optimization project, the mine will resume its existing capacity release. The Hulunbuir Chihong rare and precious metals project has already commenced production, with an annual capacity of 380 mt of silver. The Yunnan Chihong comprehensive utilization of resources rare and precious metals project and the zinc alloy capacity expansion project are still in the preliminary planning stage, and whether these projects will ultimately proceed to construction remains uncertain.

[Lead Smelting Enterprise Dynamics] Recently, Yunnan Chihong Zn & Ge Co., Ltd. announced plans to increase capital in its wholly-owned subsidiary, Hulunbuir Chihong Mining Co., Ltd., by 3.3 billion yuan using its own funds. This capital injection will primarily be used to repay internal loans, supplement working capital, and fund projects aimed at enhancing efficiency and unlocking potential in lead and zinc smelting operations.

[Lead Smelter Dynamics] Today, Yunnan Chihong Zn & Ge Co., Ltd. (600497) responded to investor inquiries on the interactive platform, stating that the company's Hulunbuir Chihong Precious Metals Comprehensive Recovery Project was completed in September 2025 and commenced production in January 2026, while the Chihong Resource Comprehensive Utilization Precious Metals Upgrade Project is still in the preliminary planning stage. As of now, Jinding Zinc Industry and Yuntong Zinc Industry have not yet met the conditions for injection into the publicly listed firm, and efforts are currently being accelerated to resolve the issues affecting the injection.