Chinese metals co Ximei Resources' H1 profit more than doubles on AI-driven demand

Ximei Resources Holding

27/08/2026 15:09

Overview
China non-ferrous metals company's revenue grew 52% yr/yr for six months ended June 2026
Profit for the period nearly doubled yr/yr, driven by higher prices and strong demand
Company says results reflect expanded applications in AI, aerospace, semiconductors and new energy sectors

Outlook
Company expects strong demand for tantalum and niobium driven by AI, semiconductors, and aerospace
Company says supply of tantalum and niobium remains tight, supporting high prices

Result Drivers
HIGHER TANTALUM PRICES - Co said global supply disruptions and increased demand from AI servers and aerospace sectors drove up ditantalum pentoxide prices
NIObIUM DEMAND - Co said tight supply from Brazil and rising demand for lithium niobate in optical communications supported higher diniobium pentoxide prices
EXPANDED APPLICATIONS - Co said strong demand from AI hardware, aerospace, semiconductors and new energy sectors drove revenue growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income Attributable
 
RMB 184.6 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Ximei Resources Holding Ltd is HK$15.55, about 4.6% above its August 27 closing price of HK$14.86
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 27 - China's Trigiant Group H1 profit jumps 735% on AI data-center demand 
Aug 27 - China's Lygend Resources HY revenue rises on RKEF Phase II production ramp-up
Aug 26 - Central Asia Metals H1 revenue rises 46% on higher metals prices

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/21362094-5edd-470b-8da0-f537d7312fc7.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)