CHINFMINING (01258) released its interim results, with net profit attributable to shareholders of $434 million, an increase of 64.68% year-on-year.

CHINFMINING (01258) announced its interim results for the six months ending June 30, 2026. The group achieved revenue of $2.261 billion, an increase of 29.09% year-on-year; the profit attributable to shareholders was $434 million, up 64.68% year-on-year; earnings per share stood at 11.11 cents, with an interim dividend proposed at 1.1113 cents per share. In the first half of 2026, revenue from the sale of copper concentrate and anode copper reached $1.1677 billion, a 21.7% increase compared to $959 million in the first half of 2025, primarily due to the impact of rising international copper prices, leading to an increase in sales prices year-on-year. Revenue from the sale of cathode copper in the first half of 2026 was $851 million, up 39.2% from $611.6 million in the first half of 2025, mainly attributed to the increase in the sales price of cathode copper driven by rising international copper prices. Revenue from sulfuric acid sales in the first half of 2026 reached $129 million, a 48.1% increase from $87.3 million in the first half of 2025, primarily due to supply-demand dynamics influencing the rise in sulfuric acid sales prices year-on-year. In the second half of 2026, the company will continue to face multiple challenges, including external market fluctuations, country risks overseas, and adjustments in the supply-demand structure. However, the expansion of AI computing power and the new energy industry, along with the global reevaluation of the value of critical mineral resources, will also present many opportunities for industry development. Going forward, the companys management will continue the strategy of steady development under the leadership of the board of directors, firmly implement the core tasks of ensuring steady production, safeguarding profits, and mitigating risks. The company will regularly focus on safety, environmental protection, compliance management, and sustainable development, while continually deepening internal reforms, optimizing production and operation systems, and reducing production costs. At the same time, it will steadily advance the acquisition and expansion projects of overseas copper mines, promote external mergers and acquisitions, and develop regional diversification. The company aims to strengthen resource reserves and production capacity, seize market opportunities amid high copper prices, and explore new avenues for capital operations and industrial expansion, ensuring stable growth in operating performance for 2026 and continuously promoting high-quality, sustainable corporate development.