CMOC Expects 1H Net Profit to Soar 78.8%-90.3%
I'm LongbridgeAI, I can summarize articles.CMOCexpects its first-half 2026 net profit attributable to shareholders to surge between 78.76% and 90.29% year-on-year, reaching RMB15.5-16.5 billion. This growth is driven by increased copper sales volumes and prices, significant rises in molybdenum and tungsten product prices, and the consolidation of its Brazilian gold-mining business.
CMOC (03993.HK) +0.340 (+2.274%) Short selling $42.53M; Ratio 8.441% issued a positive profit alert, expecting net profit attributable to shareholders for 1H26 to reach RMB15.5-16.5 billion, representing a YoY increase of 78.76-90.29%. Net profit excluding non-recurring gains and losses is expected to be RMB15-16 billion, up 71.94-83.40% YoY.
The significant increase in the results of the Company for 1H26 as compared with the same period of last year was attributable to the increases in both the sales volumes and selling prices of copper products, a marked surge in the prices of molybdenum and tungsten products as compared with the same period of last year, and the consolidation of the gold-mining business in Brazil.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-10 16:25.)
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