CMOC Reports 96.65% Surge in First-Quarter Net Profit Attributable to Shareholders

Stock News20:09

CMOC Group Limited (603993.SH) has released its financial report for the first quarter of 2026. During the reporting period, the company achieved revenue of RMB 66.403 billion, representing a year-on-year increase of 44.34%. Net profit attributable to shareholders of the company reached RMB 7.76 billion, a significant growth of 96.65% compared to the same period last year. Adjusted net profit, which excludes non-recurring gains and losses, stood at RMB 7.486 billion, marking an increase of 90.58%. Basic earnings per share were RMB 0.36. The performance growth was primarily driven by rising prices of the company's main products, coupled with a steady improvement in production, operational, and management capabilities. This led to increased production and sales volume of key products, resulting in a substantial rise in profit compared to the previous year.

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