Yunnan Tin Co., Ltd. (Yunnan Tin) (000960)

Equity Research Report　|　Industry: Non-ferrous Metals · Tin　|　Report Date: September 13, 2026　|　Closing price on Friday, September 11, 2026, 15:00

This report was automatically compiled by AI based on publicly available information and is for reference only. It does not constitute investment advice.

1. Executive Summary

Yunnan Tin’s latest disclosed 2026 interim results show revenue of RMB 31.573 billion, up 49.68% year on year; net profit attributable to shareholders of RMB 1.504 billion, up 41.60%; non-GAAP net profit attributable to shareholders of RMB 1.946 billion, up 49.30%; and net cash flow from operating activities of RMB 2.180 billion, up 53.04%. Growth was mainly driven by higher prices and increased output of tin, copper, indium and other products. In the first half, tin, copper and indium prices rose 51.67%, 31.34% and 70.11% year on year, respectively. The company’s resources, integrated mining-beneficiation-smelting capabilities and leading position in the global tin industry form its core competitive foundation.

The company’s business covers mining, smelting, trading and selected downstream processing of tin, copper, zinc and indium. In 2025, its domestic and global market shares for tin products reached 53.35% and 27.16%, respectively. In the first half of 2026, tin ingot revenue was RMB 15.788 billion and copper product revenue was RMB 6.135 billion, while the gross margin of tin ingots declined by 5.47 percentage points year on year, indicating that higher tin prices also pushed up the cost of externally purchased raw materials. Supply-chain operations accounted for 20.31% of revenue in the first half of 2025, but carried very thin margins, resulting in a divergence between revenue scale and profit contribution.

Recently, the company acquired a 100% stake in Chifeng Dajingzi Tin for approximately RMB 177 million and has included it in its consolidated financial statements, with the aim of integrating domestic tin-smelting capacity and promoting industrial synergies. Meanwhile, its investee Yunnan Tin New Materials reduced its registered capital by RMB 1.193 billion on a pro rata basis. Yunnan Tin’s stake remained 26.1217%, and the company stated that the transaction would have no material impact on current-period profit or loss. In 2025, net profit attributable to shareholders was RMB 1.966 billion, up 36.14% year on year, but below the consensus estimate of approximately RMB 2.409 billion from nine institutions. Operating cash flow also declined by nearly 62% year on year, indicating that profit realization and cash-flow quality still warrant close monitoring.

As of September 11, 2026, the company’s closing price was RMB 33.37, with a market capitalization of approximately RMB 54.91 billion. Its TTM P/E ratio was 22.80x and its non-GAAP P/E ratio was 17.94x, both below the industry median for non-ferrous metal smelting and rolling processing. Technically, the share price fell 4.93% on the day and closed below MA5, MA10, MA20, MA50 and MA200. MACD was below the zero axis, indicating a weak short-term trend. RSI, stochastic indicators, Williams %R and CCI showed signs of weakness or oversold conditions, but no clear reversal signal had yet formed.

2. Company Overview

2.1 Basic Information

2.2 Main Businesses and Product Positioning

• Business structure: A non-ferrous metals company with tin at its core and an integrated industrial chain covering three major segments—“mining, smelting and trading.” Its operations cover the exploration, mining, beneficiation and smelting of tin, copper, zinc and indium ores, as well as downstream processing of tin materials and tin chemicals. Downstream processing is mainly conducted through the major investee Yunnan Tin New Materials
• Smelting capacity (as of the 2024 annual report): 80,000 tonnes/year of tin smelting, 125,000 tonnes/year of cathode copper, 100,000 tonnes/year of zinc smelting, 50,000 tonnes/year of die-cast zinc alloy and 60 tonnes/year of indium smelting. The investee new-materials company had capacity of 43,000 tonnes/year for tin materials and 27,100 tonnes/year for tin chemicals. Note: the 2025 annual report updated indium-smelting capacity to 105 tonnes/year, compared with 60 tonnes/year in the 2024 annual report; the relevant year should be specified when cited
• Product revenue mix (1H25, annual-report data compiled by Guoyuan Securities): tin products generated RMB 9.777 billion, or 46.35% of total revenue (output of 48,100 tonnes, up 6.42% year on year); copper products generated RMB 3.805 billion, or 18.04% (output of 62,500 tonnes, down 11.10%); zinc products generated RMB 1.493 billion, or 7.08%; other products generated RMB 1.667 billion, or 7.90%; and supply-chain operations generated RMB 4.283 billion, or 20.31%. Key point: trading and supply-chain operations are large in scale but have extremely thin margins, which is critical to understanding the mismatch between revenue and profit
• Recent industrial-chain integration: On 2025-06-15, the company signed an Equity Transfer Agreement with transferor Chifeng Dajingzi Mining and acquired a 100% stake in Chifeng Dajingzi Tin at the floor transfer price of RMB 177 million, aiming to integrate domestic tin-smelting capacity. In December 2024, it signed a Tin Industry Cooperation Agreement with the government of Keshiketeng Banner, Chifeng, Inner Mongolia, to develop an integrated industrial chain in a tin-resource-rich region

2.3 Position in the Upstream and Downstream Industrial Chain and Cost-Profit Structure

3. Financial Data and Valuation Analysis

3.1 Recent Operating Performance

The 2025 annual report was disclosed late on 2026-03-29; the 2026 first-quarter report was disclosed late on 2026-04-27; the 2026 interim report was disclosed around August 2026 and is currently the latest period. Additional FY2025 data: non-GAAP net profit attributable to shareholders of RMB 2.418 billion, up 24.48% year on year (approximately RMB 450 million higher than reported net profit); basic EPS of RMB 1.1561; operating cash flow down nearly 62% year on year (absolute amount not provided); proposed cash dividend of RMB 2.5 per 10 shares, including tax, totaling approximately RMB 411 million (estimated); tin output exceeded 90,000 tonnes in 2025. 4Q25 net profit attributable to shareholders was approximately RMB 221 million, implied from 9M25 and full-year figures. Additional 1Q26 data: non-GAAP net profit attributable to shareholders of RMB 852 million, up 72.53% year on year; basic EPS of RMB 0.5178; gross margin of 10.04%; asset-liability ratio of 47.35%; investment income of RMB 46.5693 million; finance expenses of RMB 95.8496 million; up 292% sequentially from 4Q25. Additional 1H26 data: non-GAAP net profit attributable to shareholders of RMB 1.946 billion, up 49.30% year on year; net operating cash flow of RMB 2.180 billion, up 53.04%; 2Q26 non-GAAP net profit of RMB 1.094 billion (up 35.06% year on year and 28.40% quarter on quarter). The decline in 2Q26 reported net profit was mainly attributable to RMB 553 million in non-operating expenses arising from asset disposals and one-off amortization of long-term prepaid expenses. By business in 1H26: tin ingot revenue of RMB 15.788 billion (+71.6%), copper product revenue of RMB 6.135 billion (+61.23%), zinc product revenue of RMB 1.578 billion (+5.70%) and other revenue of RMB 4.305 billion (+158.21%); tin ingot gross margin declined by 5.47 percentage points. In 1H26, tin/copper/zinc/indium prices rose 51.67%/31.34%/3.99%/70.11% year on year; total non-ferrous metal output was 193,400 tonnes, comprising 51,800 tonnes of tin, 69,200 tonnes of copper and 72,300 tonnes of zinc, plus 63 tonnes of indium, 1,024 kg of gold and 89 tonnes of silver. Important warning: the consensus forecast for FY2025 net profit attributable to shareholders from nine institutions was approximately RMB 2.409 billion, versus actual net profit of RMB 1.966 billion, materially below expectations. The company’s annual report gave a 2026 revenue-growth plan of only +0.15%, which contrasts sharply with actual 1H26 growth of +49.68%; this is recorded as the company’s planning assumption and should be verified against the original annual report. Sources include China Securities Journal, Shanghai Securities News, Zhitong Finance, Eastmoney, Jiemian, Gelonghui, Securities Star and China Financial Information.

In the latest period, 1H26, revenue was RMB 31.573 billion, up 49.68% year on year; net profit attributable to shareholders was RMB 1.504 billion, up 41.60%; non-GAAP net profit attributable to shareholders was RMB 1.946 billion, up 49.30%; and net operating cash flow was RMB 2.180 billion, up 53.04%. The difference between reported and non-GAAP profit growth was mainly attributable to RMB 553 million in non-operating expenses from asset disposals and one-off amortization of long-term prepaid expenses in 2Q26. As a result, quarterly reported net profit was RMB 636 million, up only 13.17% year on year and down 26.73% quarter on quarter, while non-GAAP net profit was RMB 1.094 billion, up 35.06% year on year and 28.40% quarter on quarter. Performance growth was mainly driven by year-on-year price increases for tin, copper and indium (in 1H26, +51.67%, +31.34% and +70.11%, respectively) and higher sales volumes. However, the gross margin of tin ingots declined by 5.47 percentage points as externally purchased raw-material costs rose with tin prices. Attention should be paid to the fact that FY2025 reported net profit of RMB 1.966 billion was materially below the nine-institution consensus forecast of approximately RMB 2.409 billion; operating cash flow declined by nearly 62% year on year in 2025; and the annual report’s 2026 revenue-growth plan was only +0.15%, sharply different from actual 1H26 growth of +49.68%. The planning assumption should be verified against the original annual report.

3.2 Earnings Forecasts

The research notes do not provide detailed institutional forecasts for company-level 2026 and subsequent annual revenue, net profit, net profit growth or EPS. They only mention the nine-institution consensus forecast of approximately RMB 2.409 billion for FY2025 net profit attributable to shareholders and the company’s +0.15% 2026 revenue-growth plan. Accordingly, there are no forecast data to enter in this table.

3.3 Valuation and Institutional Ratings

The research notes do not provide valuation data for Yunnan Tin (000960.SZ), including P/E, P/B, P/S, EV/EBITDA, target price, current share price or market capitalization. Therefore, a specific valuation analysis cannot be prepared. The available record is limited to the following: the latest brokerage rating was issued by China Securities Investment on 2026-09-04, although the specific rating was not provided; Debon Securities issued a “Buy” rating on 2026-04-01 without a target price; CICC issued an “Outperform” rating on 2026-05-01; and Huatai Securities issued an “Overweight” rating on 2026-04-11. In terms of earnings forecasts, the notes only mention the nine-institution consensus forecast of approximately RMB 2.409 billion for FY2025 net profit attributable to shareholders, versus actual net profit of RMB 1.966 billion, and the company’s +0.15% 2026 revenue-growth plan. Complete forecasts required for valuation are unavailable. Overall, the valuation data required for this section are missing from the existing research notes, preventing a meaningful valuation conclusion.

4. Recent News and Announcements

4.1 2026 Interim Earnings Guidance Indicated Strong Net Profit Growth

On the evening of July 14, 2026, Yunnan Tin disclosed its 2026 interim earnings guidance. Net profit attributable to shareholders was expected to be RMB 1.470–1.570 billion, up 38.43%–47.85% year on year. Non-GAAP net profit was expected to be RMB 1.880–1.980 billion, up 44.23%–51.91%, corresponding to basic EPS of RMB 0.8786–0.9394 per share. The change was attributed to optimized production-resource allocation, full-chain coordination across mining, beneficiation and smelting, increased output of non-ferrous metal products and the company’s ability to capture price increases in key products such as tin. The company also planned to dispose of certain fixed assets and amortize, on a one-off basis, long-term prepaid expenses with no remaining benefit period. These items would be recognized in non-operating profit or loss and were the primary reason forecast reported net profit was below non-GAAP net profit. The closing price on the disclosure date, July 14, 2026, was RMB 36.43.

4.2 2026 Interim Report Disclosed; Net Profit Fell Within Guidance Range

On the evening of August 19, 2026, the company disclosed its 2026 interim report. Revenue was RMB 31.573 billion, up 49.68% year on year; net profit attributable to shareholders was RMB 1.504 billion, up 41.60%, within the guidance range; non-GAAP net profit was RMB 1.946 billion, up 49.30%; basic EPS was RMB 0.8991; gross margin was 11.24%, up 1.19 percentage points sequentially; return on equity was 6.69%, up 1.73 percentage points year on year; and net operating cash flow was RMB 2.180 billion, up 53.04%. By quarter, first-quarter net profit attributable to shareholders was RMB 868 million, while second-quarter net profit attributable to shareholders was RMB 636 million, up 13.17% year on year and down 26.73% sequentially. Second-quarter non-GAAP net profit was RMB 1.094 billion, up 35.1% year on year and 28.5% sequentially. It is particularly important that interim reported net profit of RMB 1.504 billion was below non-GAAP net profit of RMB 1.946 billion. The approximately RMB 440 million difference represented non-recurring losses, consistent with the fixed-asset disposals and one-off amortization of long-term prepaid expenses mentioned in the earnings guidance. Both figures should therefore be presented when assessing earnings quality.

4.3 2026 Interim Profit Distribution Plan: No Cash Dividend, Bonus Shares or Capitalization

According to the board proposal in the 2026 interim report, the company will not distribute cash dividends, issue bonus shares or capitalize reserves for the first half of 2026. The proposal was disclosed on August 20, 2026.

4.4 Acquired 100% of Chifeng Dajingzi Tin for Approximately RMB 177 Million and Consolidated It

On May 29, 2026, the company held the third extraordinary meeting of the 10th Board of Directors in 2026 and approved the Proposal on Participating in the Auction for 100% of Chifeng Dajingzi Tin Co., Ltd. On the same day, it submitted an application for the transfer of state-owned property rights to the Beijing Equity Exchange. The auction announcement was disclosed on June 1, 2026 (Announcement No. 2026-037). The transferor, Chifeng Dajingzi Mining Co., Ltd., publicly listed the asset on the Beijing Equity Exchange (Project No. G32026BJ1000049). Only Yunnan Tin submitted an expression of interest during the announcement period. On June 15, 2026, the company signed an Equity Transaction Contract and acquired 100% of Chifeng Dajingzi Tin at the floor transfer price of RMB 176.86264798 million, with a one-off payment. The transaction-result announcement, No. 2026-039, was disclosed on June 16, 2026. The company stated that the transaction aims to integrate domestic tin-smelting capacity, promote industrial synergies and strengthen its leading position in the global tin industry. The related-party transaction announcement disclosed on August 20, 2026 confirmed that Dajingzi Tin had been included in the consolidated financial statements as a wholly owned subsidiary, creating new related-party relationships with certain related parties.

4.5 Investee Yunnan Tin New Materials Reduced Registered Capital by RMB 1.193 Billion on a Pro Rata Basis

On the evening of August 19, 2026, the company disclosed Announcement No. 2026-047. Its investee Yunnan Tin New Materials reduced registered capital on a pro rata basis from RMB 1,557.819182 billion, fully paid in, to RMB 365.0000 million. The entire reduction of RMB 1,192.819182 billion was transferred to capital reserves. Yunnan Tin’s capital contribution to the company declined from RMB 406.929074 million to RMB 95.344257 million, representing a reduction in registered capital of RMB 311.584817 million, while its shareholding remained unchanged at 26.1217%. The proposal was approved at the first meeting of the 10th Board of Directors on August 18, 2026, with 7 votes in favor, 0 against and 0 abstentions. Related directors Lu Litao and Li Dening abstained, while the independent directors unanimously approved it at their first meeting of 2026. As a related-party transaction, it did not require shareholder approval and did not constitute a material asset restructuring. The company stated that the scope of consolidation would remain unchanged and that the transaction would have no material impact on current-period profit or loss.

4.6 CFO Resigned; General Manager Assumed Duties

According to reports, CFO Yue Min resigned for personal reasons, effective when the board received her resignation letter on July 31, 2026. She did not hold any company shares. General Manager Huang Shi assumed the CFO’s duties until a new CFO was appointed. No subsequent announcement regarding the appointment of a new CFO was found in this search, and the matter requires further verification.

4.7 Board Re-election Completed; First Meeting of the 10th Board Disclosed Multiple Proposals

On August 20, 2026, the company disclosed the resolution of the first meeting of the 10th Board of Directors, indicating that the management and board re-election had been completed. The meeting approved, among other proposals, the capital reduction by the investee company and adjustments to the 2026 estimates for routine related-party transactions.

4.8 2026 Third Extraordinary Shareholders’ Meeting Approved Director Compensation and Related-Party Transaction Adjustments by Wide Margins

The company’s third extraordinary shareholders’ meeting of 2026 was held in Kunming at 15:00 on September 4, 2026. The notice was disclosed on August 20, 2026; the resolution announcement was No. 2026-051 and was disclosed on September 5, 2026. Chairman Xu Peiliang presided over the meeting. The meeting approved the Proposal on the 2025 Director Compensation Assessment Results, with 851,833,435 shares in favor, representing 99.8442% of valid voting rights, and 1,245,053 shares against. It also approved the Proposal on Adjusting the Estimated Amount of Routine Related-Party Transactions for 2026. Non-related shareholders voted 148,470,367 shares in favor, representing 99.1395%, 1,206,153 shares against, representing 0.8054%, and 82,561 shares abstaining, representing 0.0551%. The controlling shareholders Yunnan Tin Group, Yunnan Tin Holdings and Gejiu Xidu Industrial, acting in concert, collectively abstained from voting on more than 42% of the voting rights. A total of 1,527 shareholders and proxies attended, representing 853,162,839 voting shares, or 51.8504% of total share capital of 1,645,431,952 shares. All minority shareholders voted online, representing 9.1015%. The adjustment to the related-party transaction limits was attributable to higher raw-material and product prices since the beginning of the year, which increased the expected amount of routine related-party transactions. The company’s lawyers issued a legal opinion, and no proposal was rejected.

4.9 Dividend Record

According to the dividend and refinancing page of Eastmoney, the company disclosed no distribution and no capitalization on August 20, 2026, relating to the 2026 interim report and board proposal. On April 23, 2026, it implemented the FY2025 dividend plan of RMB 2.5 per 10 shares, with the record date on April 29, 2026 and the ex-dividend and payment date on April 30, 2026. On January 20, 2026, it implemented the 9M25 dividend plan of RMB 1.1 per 10 shares, with the record date on January 26, 2026 and the ex-dividend date on January 27, 2026. Total FY2025 dividends were RMB 592.3555 million, while cumulative historical dividends were RMB 1.8760810 billion. These figures were compiled by a third party; dividend amounts have not been checked item by item against the company’s original announcements, and the company announcements should prevail.

4.10 Items Not Confirmed or Subject to Uncertainty in This Search

1. Share repurchases, increases or reductions by major shareholders, and equity incentives: this search did not identify any announcements concerning repurchases or changes in major shareholders’ holdings from July to September 2026. However, due to tool-call limitations, the complete announcement list was not exhaustively reviewed, and the full announcements on the Shenzhen Stock Exchange and CNINFO were not retrieved page by page. Therefore, the absence of such announcements cannot be confirmed. 2. Main-fund flows: reliable recent September data on net inflows or outflows of main funds were not obtained. 3. Conflicting chairman information: the etnet company-information page lists Liu Luke as chairman, while the September 5, 2026 shareholders’ meeting announcement lists Xu Peiliang. This suggests that a chairman change may have occurred during 2026, but the original change announcement was not found. The change date and reason should be verified through CNINFO or the Shenzhen Stock Exchange. 4. etnet financial data may be outdated or unadjusted, including EPS of RMB 1.156, dividend per share of RMB 0.360 and market capitalization of RMB 56.0763 billion; these figures should not be mixed with the 2026 data in this report. 5. Media sources differ on the disclosure date of the earnings guidance; the evening of July 14, 2026 should be used as the reference. 6. Two anomalies appear in the interim-report data: reported net profit attributable to shareholders of RMB 1.504 billion was below non-GAAP net profit of RMB 1.946 billion, implying approximately RMB 440 million in non-recurring losses; and second-quarter reported net profit declined 26.7% sequentially while non-GAAP net profit rose 28.5%, due to non-recurring items moving in different directions between the first and second quarters. Multiple sources report consistent figures, which are considered credible.

5. Share Price Trend and Technical Analysis

5.1 Price Overview

5.2 Technical Indicators

Yunnan Tin (000960.SZ, Yunnan Tin Co., Ltd.) closed at RMB 33.37 on September 11, 2026, down 4.93% for the day, with turnover of RMB 1.333 billion, a turnover ratio of 2.45% and an intraday low of RMB 32.33. The closing price fell below MA5, MA10, MA20, MA50 and MA200 simultaneously. The moving-average system is bearishly aligned, with the 5-, 10- and 20-day lines creating dense overhead resistance at RMB 34.3–35.3. RSI(14) was in a weak zone (34.872 on 9/7, with a death cross and move below 50 on September 11). MACD was below the zero axis and negative, with no golden cross. The lower Bollinger Band was approximately RMB 32.5–33.0, broadly corroborating the day’s intraday low. Several oscillators, including STOCH, Williams %R and CCI, showed oversold conditions, while ADX was neutral-to-trending. The short-term technical outlook is weak. In valuation terms, the TTM P/E of 22.80x and non-GAAP P/E of 17.94x were below the median for the non-ferrous metal smelting and rolling-processing industry. Attention should be paid to the following: Investing.com technical-panel data were timestamped 2026-09-04/09-07, before the sharp decline on September 11, so the figures require downward adjustment and should be used only as a directional reference; the Bollinger Band data from agu888, as of September 9, have a materially different middle-band methodology from MA20 and should be used only as a range reference; and the trading date corresponding to the 52-week high could not be confirmed in this search and requires further verification.

5.3 Short-Term Outlook (Next Week, Scenario Analysis for Reference Only)

6. Industry Structure and Competitor Analysis

7. Risk Factors

• Yunnan Tin’s earnings are sensitive to prices of tin, copper, indium and other metals. In 1H26, tin, copper and indium prices rose 51.67%, 31.34% and 70.11% year on year, respectively. If prices retreat, the company’s revenue and profit growth could slow materially.
• Higher tin prices have not fully translated into higher tin-business gross profit. Tin ingot gross margin declined by 5.47 percentage points year on year in 1H26, and rising prices for key products may be accompanied by increases in externally purchased raw-material costs, creating margin pressure.
• Supply-chain operations are large in scale, accounting for 20.31% of revenue in 1H25, but have thin margins. This could create a mismatch between revenue and profit growth and increase working-capital and cash-flow management pressure.
• Operating cash flow declined by nearly 62% year on year in 2025. Although net operating cash flow rose 53.04% year on year in 1H26, cash-flow volatility remains high. Inventory, receivables and raw-material procurement should be monitored for their impact on capital usage.
• The company acquired 100% of Chifeng Dajingzi Tin for approximately RMB 177 million and included it in its consolidated statements. Risks remain that capacity integration, operating synergies and post-consolidation profit contribution may fall short of expectations. The transaction also created new related-party relationships with certain parties, increasing related-party transaction management requirements.
• The company’s 1H26 net profit attributable to shareholders was reduced by approximately RMB 440 million due to fixed-asset disposals and one-off amortization of long-term prepaid expenses. Second-quarter reported net profit declined 26.73% sequentially, and non-recurring items may continue to cause profit volatility.
• Following the pro rata capital reduction of RMB 1.193 billion by Yunnan Tin New Materials, Yunnan Tin’s stake remained 26.1217%. However, tin materials, tin chemicals and other downstream processing activities are still primarily conducted through an investee company, creating uncertainty regarding the contribution of downstream processing to listed-company earnings and industrial-chain extension.
• As of September 11, 2026, the share price had fallen below multiple medium- and long-term moving averages. MACD remained below the zero axis without a clear golden cross. Although some oscillators indicated oversold conditions, the share price may remain highly volatile if the weak trend continues.

8. Conclusion and Outlook

Yunnan Tin’s growth thesis is primarily based on prices of key metals such as tin, higher production and its integrated resource capabilities. In 1H26, total non-ferrous metal output was 193,400 tonnes, including 51,800 tonnes of tin, 69,200 tonnes of copper and 72,300 tonnes of zinc. Together with the consolidation of Chifeng Dajingzi Tin, this may further strengthen the company’s domestic tin-industry-chain positioning. However, current profit growth remains clearly driven by price factors. The adverse impact of higher tin prices on externally purchased raw-material costs and tin ingot gross margin has already emerged. Going forward, investors should monitor the contribution of resource self-sufficiency, capacity integration and downstream processing to earnings stability.

From a financial perspective, non-GAAP profit and operating cash flow both maintained rapid growth in 1H26, indicating an improvement in the quality of core operations compared with 2025. However, reported net profit was affected by fixed-asset disposals and one-off amortization of long-term prepaid expenses and was approximately RMB 440 million below non-GAAP profit. The company also declared no cash dividend, bonus shares or capitalization for 1H26. Given that FY2025 performance was below institutional expectations, the company’s disclosed 2026 revenue-growth plan of only 0.15% differs materially from actual first-half growth of 49.68%, and the current technical trend is weak, key areas to monitor include metal prices, gross margin, cash flow, acquisition integration and execution of the operating plan.

Data Sources

• Yunnan Tin (sz000960)
• Yunnan Tin Co Ltd Class A (000960) - Yunnan Tin Co Ltd Class A 000960
• Yunnan Tin Company Limited: Shareholder management and company profile | 000960 | CNE0000011D3 | MarketScreener Netherlands - 6e0a1a2f8a626495f85.0jXs25B3jqaZgD-G8PGT83vcwPeFP-ojgEXAwzEjLAg.5Qah6PsT5tPx0Xj1isXkpDflidq2S5kW1jW6sGZgH2eXWJqsxz_0-eDaCw
• 000960 Stock Price and Chart — SZSE:000960 — TradingView — India
• Yunnan Tin (000960): Main-fund net purchase of RMB 57.4448 million on September 10 - Securities Star
• Yunnan Tin (000960)_Stock quotes, quote homepage_China Financial Information
• China Merchants Pharmaceutical and Healthcare Industry Equity Fund
• List of Main Board listed companies with target-material concepts
• Yunnan Tin (000960)_Company announcements_Yunnan Tin: 2025 interim report_Sina Finance
• Yunnan Tin: Investor Relations Management Information 20251114
• Yunnan Tin: Investor Relations Management Information 20250619_Sina Finance
• Yunnan Tin: Investor Relations Management Information 20250619_Announcement
• Securities Daily - Yunnan Tin Co., Ltd. 2024 Annual Report Summary
• Yunnan Tin (000960): Resource advantages realized; emerging industries driving demand growth
• Yunnan Tin (000960) Commentary: Higher tin-price center materially benefits the leader_Jiufang Intelligent Investment
• Securities Daily - Yunnan Tin Co., Ltd. 2024 Annual Report Summary
• Yunnan Tin (000960): 2026 interim management discussion and analysis - Securities Star
• Yunnan Tin (000960): Resource advantages realized; emerging industries driving demand growth_Jiufang Intelligent Investment
• Industry deep dive: China’s tin-industry competitive landscape and market shares
• Comprehensive comparison of listed Chinese tin companies in 2024
• 2025 ranking of core competitiveness of Chinese tin companies
• Tin-industry industrial-chain overview and regional heat map
• Industry outlook: Global and Chinese tin industry development analysis, 2025–2030
• Comprehensive comparison of listed Chinese tin companies in 2024
• Comprehensive comparison of listed Chinese tin companies in 2024 - Report hotline
• 2024 tin-industry leaders: Yunnan Tin’s global share at 23%, resource positioning of Huaxi Nonferrous and Xingye Silver Tin
• 1. Global and Chinese tin-company landscape (2024–2025)
• Tin-industry industrial-chain overview and regional heat map - Report hotline
• Yunnan Tin financial-report summary
• Northern Rare Earth vs. Yunnan Tin: Comprehensive financial-report comparison
• Yunnan Tin (000960) income statement_Investing.com
• Yunnan Tin (000960) financial overview
• Yunnan Tin (000960.SZ) - Quick quote
• SZ.000960 Yunnan Tin - Real-time quote and company information
• Yunnan Tin (000960.SZ)
• Yunnan Tin (000960) F10 - China Financial Information
• Yunnan Tin (000960) business analysis
• Yunnan Tin (000960): Profitability improved significantly in 2025 but cash flow under pressure
• Yunnan Tin: 2025 annual report_Sina Finance
• Yunnan Tin: 2025 annual report
• Yunnan Tin: 2022 net profit fell 52.21% year on year; proposed RMB 1.2 per 10 shares
• Yunnan Tin: 2022 net profit fell 52.21% year on year; proposed RMB 1.2 per 10 shares
• Yunnan Tin: 2022 annual report
• Yunnan Tin (000960) operating analysis
• Yunnan Tin
• SZSE listed-company announcements - Yunnan Tin: 2025 annual report
• Yunnan Tin: 2025 annual report
• Yunnan Tin: 2025 annual report - Securities Star
• Yunnan Tin (000960)
• Target-driven progress and a new chapter of reform—Yunnan Tin 2024 annual results presentation
• Yunnan Tin: 2025 annual report summary_Jiufang Intelligent Investment
• SZ.000960 Yunnan Tin - Real-time quote and company information
• China Securities Journal - Yunnan Tin Co., Ltd.
• Yunnan Tin Co., Ltd. 2024 Annual Report Summary
• Securities Daily - Yunnan Tin Co., Ltd. 2024 Annual Report Summary
• Yunnan Tin: 2025 annual report summary
• Yunnan Tin Company Limited - Share price and company information
• Yunnan Tin (000960): Stock overview
• China Merchants Pharmaceutical and Healthcare Industry Equity Fund
• Yunnan Tin (000960.SZ) - Quick quote
• Yunnan Tin (000960.SZ)
• Yunnan Tin: 2025 net profit of RMB 1.966 billion, up 36.14%; proposed RMB 2.5 per 10 shares
• Yunnan Tin: 2025 net profit grew 36%; proposed RMB 2.5 per 10 shares
• Yunnan Tin: 2025 net profit grew more than 36% but operating cash flow fell nearly 62%; 2026 revenue expected to grow 0.15%
• Yunnan Tin: 2025 net profit grew 36.14%; tin output exceeded 90,000 tonnes
• Yunnan Tin (000960.SZ) released FY2025 results
• Yunnan Tin: 2025 net profit grew 36.14%; tin output...
• Yunnan Tin: 2025 net profit grew 36%; proposed RMB 2.5 per 10 shares
• Yunnan Tin (000960.SZ) released FY2025 results
• Yunnan Tin: Growth logic behind strong earnings
• Yunnan Tin (000960): Favorable pricing environment; record-high output
• Yunnan Tin: 1Q26 net profit RMB 868 million, up 73.71%
• Yunnan Tin: 1Q26 net profit RMB 868 million, up 73.71%
• Fund research record: Yimi Fund researches Yunnan Tin
• Yunnan Tin (000960.SZ): 1Q26 net profit RMB 868 million, up 73.71%
• Yunnan Tin (000960.SZ): 1Q26 attributable net profit RMB 868 million, up 73.71%
• Yunnan Tin: 1Q net profit RMB 868 million, up 73.71% year on year and 292% quarter on quarter
• Yunnan Tin: 1Q net profit rose 73.71%, driven by higher prices and volumes
• Yunnan Tin: 1Q net profit exceeded RMB 800 million
• Yunnan Tin: 1Q attributable net profit RMB 868 million, up 73.71%
• Yunnan Tin 1Q attributable net profit up 73.71%, driven by higher prices and volumes
• Yunnan Tin: Higher prices and volumes; growth driven by tin and copper price increases and acquisition completion
• Institutional investment ratings - Stocks - Sina Finance
• Debon Securities gives Yunnan Tin a “Buy” rating without a target price
• Growth logic behind Yunnan Tin’s strong earnings
• Research-report indicators
• Yunnan Tin’s latest shareholder count fell 5.28% sequentially
• CICC gives Yunnan Tin an “Outperform” rating
• Yunnan Tin (000960) analyst consensus and market sentiment_Investing.com
• Yunnan Tin consensus estimates
• Huatai Securities gives Yunnan Tin an “Overweight” rating
• 000960 Yunnan Tin
• Yunnan Tin Co., Ltd.
• Yunnan Tin Co., Ltd.
• Yunnan Tin investor-relations roadshow
• Yunnan Tin: Resolution of 2026 third extraordinary shareholders’ meeting
• Resolution of Yunnan Tin Co., Ltd.’s 2026 third extraordinary shareholders’ meeting
• Resolution of Yunnan Tin Co., Ltd.’s 2026 third extraordinary shareholders’ meeting
• China Securities Journal - Resolution of Yunnan Tin’s 2026 third extraordinary shareholders’ meeting
• Resolution of the first meeting of the 10th Board of Directors of Yunnan Tin
• Yunnan Tin: Investee new-materials company reduced capital by RMB 1.193 billion
• Yunnan Tin: Capital reduction and related-party transaction by investee company
• Yunnan Tin CFO Yue Min resigned for personal reasons
• Yunnan Tin: Results of auction for 100% of Chifeng Dajingzi Tin
• 000960 Yunnan Tin
• Yunnan Tin: Resolution of 2026 third extraordinary shareholders’ meeting_Sina Finance
• Yunnan Tin: Resolution of 2026 third extraordinary shareholders’ meeting
• Resolution of Yunnan Tin’s 2026 third extraordinary shareholders’ meeting
• Interpretation of Yunnan Tin related-party transactions
• Legal opinion on Yunnan Tin’s 2026 third extraordinary shareholders’ meeting
• Yunnan Tin: Resolution of 2026 third extraordinary shareholders’ meeting
• Yunnan Tin (000960.SZ): 1H26 net profit RMB 1.504 billion, up 41.60%
• Yunnan Tin (000960.SZ): 1H26 net profit RMB 1.504 billion, up 41.60%
• Yunnan Tin (000960.SZ): 1H26 net profit RMB 1.504 billion, up 41.60%
• Yunnan Tin (000960): Strong 2Q non-GAAP profit growth
• Strong 2Q non-GAAP profit growth
• Yunnan Tin: 1H26 revenue up 49.68%; net profit up 41.60%
• Yunnan Tin (000960): 1H26 attributable net profit maintained strong growth
• Yunnan Tin: 1H26 net profit grew 41.6%_Jiufang Intelligent Investment
• Yunnan Tin: 1H net profit RMB 1.504 billion, up 41.6%
• Yunnan Tin (000960.SZ): 1H26 attributable net profit RMB 1.504 billion, up 41.60%
• Yunnan Tin (000960.SZ) issues earnings guidance
• Yunnan Tin expects 1H26 attributable net profit to rise 38.43%–47.85%
• Yunnan Tin expects 1H26 attributable net profit to rise 38.43%–47.85%
• Yunnan Tin expects 1H26 attributable net profit to rise 38.43%–47.85%
• Yunnan Tin: 1H26 net profit expected at RMB 1.470–1.570 billion
• Yunnan Tin: Expected first-half net profit...
• Yunnan Tin: Expected 1H26 attributable net profit of RMB 1.470–1.570 billion
• Yunnan Tin: 1H26 attributable net profit expected to rise 38.43%–47.85%
• Yunnan Tin expects 1H26 attributable net profit to rise 38.43%–47.85%
• Yunnan Tin: 1H26 attributable net profit expected to rise 38.43%–47.85%
• China Merchants Pharmaceutical and Healthcare Industry Equity Fund
• Yunnan Tin: Stock overview
• Yunnan Tin (SZ000960) related stocks
• Yunnan Tin 33.37 -4.93%_Stock quote_Jiufang Intelligent Investment
• Yunnan Tin: Stock overview
• Yunnan Tin falls 4.93%
• Download 000960 data | Yunnan Tin Co. Ltd. A price data | MarketWatch
• Yunnan Tin Co Ltd (000960) - Investing.com
• Yunnan Tin (SHE:000960) statistics and valuation metrics
• Minor-metals sector fell 1.55% on September 10
• Yunnan Tin (000960): Main-fund net sale of RMB 77.0943 million on September 11
• Yunnan Tin (000960) fund flows_Eastmoney
• Top 10 declining minor-metals stocks on September 11
• Yunnan Tin (000960) stock ratings_Eastmoney
• Top 10 declining minor-metals stocks on September 11
• Yunnan Tin (000960.SZ)
• Yunnan Tin 33.37 -1.73 (-4.93%)_Eastmoney
• 000960 DDE - Stocks
• e Company
• Yunnan Tin: Latest price and chart_Eastmoney
• Yunnan Tin (000960) technical analysis
• Yunnan Tin (000960) technical analysis
• Yunnan Tin Stock Technical Analysis
• Yunnan Tin_Anniu Intelligent Investment
• Yunnan Tin (000960.SZ) - 0.58
• Yunnan Tin (000960) technical analysis
• Yunnan Tin_Anniu Intelligent Investment - 35.25
• 000960 Yunnan Tin
• Yunnan Tin (sz000960) share price and real-time quote_Sina Finance
• Yunnan Tin (000960) share price and information_Google Finance
• Yunnan Tin (SZ:000960)
• Yunnan Tin (000960) chart
• Yunnan Tin (000960) latest price and analysis_Investing.com
• Yunnan Tin (SZSE:000960) - Stock analysis - Simply Wall St - NOT FOR DISTRIBUTION
• Yunnan Tin (SZSE:000960) - Stock analysis - Simply Wall St - NOT FOR DISTRIBUTION

This report was automatically researched, compiled and generated by AI based on information from public sources. Information is current through the close of Friday, September 11, 2026, 15:00, and may be subject to timing differences. Specific data should be based on the company’s official announcements and authoritative data terminals. This report is for information organization and research reference only and does not constitute investment advice. Investors should make independent judgments and bear their own investment risks.