HK Stock Market Move | CMOC Group Limited (03993) opened nearly 5% higher, achieving a net profit of 14.28 billion yuan in the first three quarters, surpassing last year's full-year profit.

CMOC Group Limited (03993) opened nearly 5% higher, and as of press time, is up 4.94% at 17 Hong Kong dollars, with a turnover of 3682.67 million Hong Kong dollars. On the news front, CMOC Group Limited announced its performance, achieving operating income of 145.485 billion yuan in the first three quarters; net profit attributable to owners was 14.28 billion yuan, a year-on-year increase of 72.61%, continuing to reach a historical high for the same period and exceeding the full year of the previous year; the single-quarter profit for the third quarter was 5.608 billion yuan, a year-on-year increase of 96.40%. The report shows that CMOC Group Limited's operating income at the mine end in the first three quarters was 56.594 billion yuan, accounting for nearly 40% of the total, of which the copper segment's operating income was 38.618 billion yuan, accounting for over 68% of the mine end. In addition, the seventh meeting of the seventh board of directors of the company approved the "Proposal on Investing and Constructing the Second Phase of the KFM Project in the Democratic Republic of Congo." The KFM Phase II project has a construction investment of 1.084 billion US dollars, a construction period of 2 years, and is expected to be completed and put into production in 2027. It is estimated to add an annual average of 100,000 tons of copper metal after reaching production.