CMOC Group Limited (SHSE: 603993) has released its preliminary earnings forecast for the first half of 2026.
The company projects its net profit attributable to shareholders will be in the range of 15.5 billion to 16.5 billion yuan.
This represents a significant increase of 6.829 billion to 7.829 billion yuan compared to the same period last year, translating to a year-on-year growth of 78.76% to 90.29%.
Excluding non-recurring gains and losses, the projected net profit is estimated to be between 15.0 billion and 16.0 billion yuan.
This marks a rise of 6.276 billion to 7.276 billion yuan from the prior year, equating to an increase of 71.94% to 83.40%.
The company's copper product output achieved growth during the period, with the benefits of its integrated scale becoming increasingly evident.
Copper metal production reached approximately 388,000 tonnes, reflecting a year-on-year increase of about 9.73%.
The primary drivers behind the strong year-on-year performance were a dual increase in the volume and price of its core copper products.
Additionally, prices for molybdenum and tungsten products rose significantly.
These positive factors were further amplified by the consolidation of its Brazilian gold mining business, which contributed substantially to the overall earnings improvement.
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