According to Hegang Resources, net profit loss for the first half of 2026 is estimated at 145 million yuan to 115 million yuan, compared with net profit of 262 million yuan for the same period last year. During the reporting period, due to continued heavy rainfall and regional flooding, Limpopo Province in South Africa, where the company's subsidiary Parabola Copper Co., Ltd. is located, and the neighboring province of Pumalanga experienced severe flooding, causing production and sales of copper products to stagnate and operating income to decline. At the same time, expenses such as factory rescue, underground drainage, and facility restoration were compounded, and fixed operating costs could not be reduced simultaneously.

According to Hegang Resources, net profit loss for the first half of 2026 is estimated at 145 million yuan to 115 million yuan, compared with net profit of 262 million yuan for the same period last year. During the reporting period, due to continued heavy rainfall and regional flooding, Limpopo Province in South Africa, where the company's subsidiary Parabola Copper Co., Ltd. is located, and the neighboring province of Pumalanga experienced severe flooding, causing production and sales of copper products to stagnate and operating income to decline. At the same time, expenses such as factory rescue, underground drainage, and facility restoration were compounded, and fixed operating costs could not be reduced simultaneously.