At its 1H2026 results briefing, Shengtun Mining said its current high debt ratio
primarily reflects recent investments in high‑quality domestic and overseas
copper‑gold‑silver mines following resource handovers. Projects have just
completed resource delivery; the company is implementing dynamic capex controls,
prioritising debt servicing and mine operations, and will scale new investment
flexibly with metal prices. Management said that as capacity comes online and
operating cash flow strengthens, it has a clear target to reduce the debt ratio
and steadily lower leverage to industry‑reasonable levels, with future project
cash flows expected to progressively deleverage the balance sheet.
