Yunnan Luoping Zinc Reports Q3 2026 Loss Due to Falling TCs and Mining Halt
Yunnan Luoping Zinc & Electricity (SZSE: 002114) released its third-quarter 2026 report on 28 October. Revenue reached RMB1.177 billion in the first nine months, up 21.81% year-on-year, but attributable net profit swung to a loss of RMB162 million, down 67.91% and turning loss-making. In the third quarter alone, net profit was RMB95.88 million in the red, a 2,236.53% year-on-year decline. The loss was driven mainly by zinc concentrate treatment charges (TCs) plunging deep into negative territory, compounded by the halt of the Xiangrong mining unit's Lumaolin lead-zinc concentrator and tailings facility since early June 2026, which cut self-mined output sharply and lifted raw-material purchase costs.