CMOC Group Limited (03993) announces a happy profit increase, with an estimated 78.76% to 90.29% year-on-year growth in net profit attributable to the parent in the first half of the year.

CMOC Group Limited (03993) announced that during the performance forecast period from January 1, 2026 to June 30, 2026, as preliminarily calculated by the company's finance department: it is expected that the net profit attributable to the company's shareholders in the first half of 2026 will be between RMB 15.5 billion and 16.5 billion, an increase of RMB 6.829 billion to 7.829 billion compared to the same period last year, an increase of 78.76% to 90.29% year-on-year. It is expected that the net profit attributable to the company's shareholders in the first half of 2026, excluding non-recurring gains and losses, will be between RMB 15 billion and 16 billion, an increase of RMB 6.276 billion to 7.276 billion compared to the same period last year, a year-on-year increase of 71.94% to 83.40%. In the first half of 2026, the company's main copper products output increased, and the comprehensive scale efficiency continued to show: the copper metal output was approximately 388,000 tons, a year-on-year increase of approximately 9.73%. The main reason for the year-on-year increase in the company's performance in the first half of 2026 is the simultaneous increase in the volume and price of copper products, a significant increase in the prices of molybdenum and tungsten products, and the consolidation of the Brazilian gold mining business, leading to an improvement in performance.