HK Stock Market Move | CHINFMINING (01258) opens higher by over 6%, estimated first quarter shareholders' profit of approximately 201 million US dollars, an increase of about 63% year-on-year.

CHINFMINING (01258) opened more than 6% higher, rising 6.22% to HK$14 as of the time of writing, with a trading volume of HK$4.55 million. On the news front, CHINFMINING announced on April 24th that for the three months ending March 31, 2026, the group is estimated to achieve a profit attributable to owners of the company of approximately USD 201 million, a year-on-year increase of about 63%. The main reasons for the year-on-year growth in economic indicators are the increase in international copper prices, as well as the impact of the increase in sulfuric acid sales volume and sales price. For the three months ending March 31, 2026, the group produced approximately 38,635 tons of cathode copper (including copper product processing services*), representing a year-on-year increase of about 10% and achieving approximately 29% of the annual production target. It also produced approximately 102,061 tons of blister copper and anode copper (including copper product processing services), a year-on-year decrease of about 7%, achieving approximately 29% of the annual production target. Additionally, the group produced approximately 262,686 tons of sulfuric acid, a year-on-year decrease of about 3%, achieving approximately 29% of the annual production target. The production of cobalt hydroxide containing cobalt was approximately 43 tons, a year-on-year decrease of about 81%, achieving approximately 7% of the annual production target. The production of liquid sulfur dioxide was approximately 3,072 tons, a year-on-year increase of about 158%, achieving approximately 31% of the annual production target.