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一矿山产值占秘鲁GDP1%,五矿资源上半年大赚近5.7亿美元
Mei Ri Jing Ji Xin Wen· 2025-08-21 13:48
Core Viewpoint - In the first half of 2025, Minmetals Resources achieved record-high revenue of $2.817 billion, a 47% year-on-year increase, and a net profit of $566 million, up 612% year-on-year, supported by rising copper prices and production capacity improvements [1][2]. Group 1: Financial Performance - The company's revenue reached $2.817 billion in the first half of 2025, marking a 47% increase compared to the previous year [1]. - The net profit for the same period was $566 million, reflecting a significant year-on-year growth of 612% [1]. - The leverage ratio decreased from 41% at the end of 2024 to 33% in the first half of 2025 [1][4]. Group 2: Copper Production and Market Dynamics - Copper sales volume reached 237,700 tons, the highest for the same period since 2018, with the Las Bambas mine contributing 210,600 tons, a 67% increase year-on-year [2]. - The unit cost of production at the Las Bambas mine was $1.06 per pound of copper, lower than approximately 75% of global mines [1][2]. - The company plans to expand production capacity at the Khoemacau mine to 130,000 tons annually, with completion expected by the end of 2027 [3]. Group 3: Strategic Initiatives and Future Outlook - The management emphasized the importance of community engagement to stabilize operations at the Las Bambas mine, including investments in local infrastructure [2]. - The company is focused on low-cost exploration around existing mines to secure future reserves [3]. - Minmetals Resources is pursuing a strategic acquisition of the Brazilian nickel business from Anglo American, with plans to complete the transaction this year [4].
一矿贡献全省75%GDP 五矿资源上半年税后利润同比增6倍 公司行政总裁赵晶:这里或成秘鲁第一大铜矿
Mei Ri Jing Ji Xin Wen· 2025-08-21 11:34
Core Viewpoint - In the first half of 2025, Minmetals Resources achieved record-high revenue of $2.817 billion, a 47% year-on-year increase, and a net profit of $566 million, up 612% year-on-year, supported by rising copper prices and production capacity improvements [2][3][4]. Financial Performance - Revenue reached $2.817 billion, up from $1.918 billion in the same period last year, marking a 47% increase [3]. - Net profit after tax was $566 million, compared to $79.5 million in the previous year, reflecting a 612% increase [3]. - EBITDA increased to $1.539 billion, a 98% rise from $779 million [3]. - The company's leverage ratio decreased from 41% at the end of 2024 to 33% [2][6]. Copper Production and Costs - The company sold 237,700 tons of payable copper, the highest for the same period since 2018 [4]. - Las Bambas mine produced 210,600 tons of copper concentrate, a 67% year-on-year increase, with a C1 unit cost of $1.06 per pound, lower than 75% of global mines [2][4]. - The company aims to achieve a copper production target of 400,000 tons for the year [2]. Strategic Initiatives - Minmetals Resources is actively expanding the Khoemacau mine's capacity to 130,000 tons per year, expected to be completed by the end of 2027 [5]. - The company plans to increase exploration efforts around existing mines to seek low-cost reserves [5]. - The company is pursuing a strategic acquisition of the nickel business from Anglo American in Brazil, with a planned expenditure of $350 million [6]. Market Outlook - Management expressed confidence in the copper market, citing prolonged development cycles for quality projects and sustained high demand [5]. - The company maintains a growth-oriented strategy, focusing on stable operations and project development [6].
一矿贡献全省75%GDP,五矿资源上半年税后利润同比增6倍 公司行政总裁赵晶:这里或成秘鲁第一大铜矿
Mei Ri Jing Ji Xin Wen· 2025-08-21 11:33
2025年上半年,五矿资源(01208.HK,股价4.79港元,市值581.5亿港元)半年度收入再创新高,达到 28.17亿美元,同比增长47%,上半年公司税后净利润为5.66亿美元,同比增长612%,集团层面杠杆率 由2024年底的41%下降到33%。 报告期内,铜产品实现量价齐升,为公司业绩增长提供了有力支撑。 8月20日下午,公司在深圳举办了半年度业绩交流会。会上,公司管理层向《每日经济新闻》记者介绍 了公司业绩情况和展望。据悉,拉斯邦巴斯矿(Las Bambas)上半年C1单位成本【注1】为每磅铜1.06 美元,低于全球约75%的矿山,贡献了21万吨铜产量,今年的产量目标是40万吨铜。拉斯邦巴斯矿或成 为秘鲁第一大铜矿。 | 截至六月三十日止六個月 | 二零二五年 | 二零二四年 | 婆明 % | | --- | --- | --- | --- | | | 百惠美元 | 百属美元 | 順芸/(逆差) | | 收入 | 2,817.0 | 1,918.2 | 47% | | 經營費用 | (1,258.2) | (1,063.2) | (18%) | | 勘探費用 | (42.5) | (27.2) | ...
大行评级|花旗:上调五矿资源目标价至5.7港元 看好2026至27年铜价
Ge Long Hui· 2025-08-21 05:54
花旗发表研报指,上调五矿资源2025至27财年的盈测21.8%、25.6%及16%,分别至6.6亿、9.36亿及 11.61亿美元,以反映铜价上升及铜C1单位成本预测下降。该行预测,铜价每上升5%,五矿资源今明两 年的净利润将分别增加18%及14%。该行仍然看好2026至27年的铜价,预期这将推动五矿资源的净利润 上升,将其目标价由4.3港元上调至5.7港元,维持"买入"评级。 ...
五矿资源(01208)下跌5.39%,报4.74元/股
Jin Rong Jie· 2025-08-20 03:04
8月20日,五矿资源(01208)盘中下跌5.39%,截至09:31,报4.74元/股,成交1964.6万元。 本文源自:金融界 五矿资源有限公司的主营业务是在澳大利亚、刚果(金)和秘鲁开发并运营铜、锌及其他基本金属业务。 公司以中国五矿为主要股东,总部位于澳大利亚墨尔本,并在香港联合交易所上市,目标是在2020年前 发展成为全球顶尖的中型矿业公司之一。 截至2025年中报,五矿资源营业总收入201.66亿元、净利润24.34亿元。 作者:行情君 ...
中证香港300原材料指数报2721.61点,前十大权重包含江西铜业股份等
Jin Rong Jie· 2025-08-19 07:48
Core Viewpoint - The China Securities Hong Kong 300 Raw Materials Index has shown significant growth, with a 66.50% increase year-to-date, indicating strong performance in the raw materials sector [1]. Group 1: Index Performance - The China Securities Hong Kong 300 Raw Materials Index reported a value of 2721.61 points [1]. - The index has increased by 16.75% over the past month and 41.99% over the last three months [1]. Group 2: Index Composition - The top ten holdings in the index include Zijin Mining (25.69%), China Hongqiao (11.83%), and Luoyang Molybdenum (7.66%) [1]. - The index is composed entirely of stocks listed on the Hong Kong Stock Exchange, with a 100% representation [1]. Group 3: Sector Breakdown - The index's sample composition shows that non-ferrous metals account for 79.48%, non-metallic materials for 14.17%, chemicals for 4.69%, and paper and packaging for 1.66% [2]. - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2].
五矿资源(01208)上涨2.85%,报5.06元/股
Jin Rong Jie· 2025-08-19 06:17
8月19日,五矿资源(01208)盘中上涨2.85%,截至14:04,报5.06元/股,成交3.0亿元。 五矿资源有限公司的主营业务是在澳大利亚、刚果(金)和秘鲁开发并运营铜、锌及其他基本金属业务。 公司以中国五矿为主要股东,总部位于澳大利亚墨尔本,并在香港联合交易所上市,目标是在2020年前 发展成为全球顶尖的中型矿业公司之一。 截至2025年中报,五矿资源营业总收入201.66亿元、净利润24.34亿元。 本文源自:金融界 作者:行情君 ...
智通港股52周新高、新低统计|8月18日
Zhi Tong Cai Jing· 2025-08-18 09:03
Core Insights - As of August 18, 199 stocks reached a 52-week high, with PACIFIC LEGEND (08547), 百心安-B (02185), and 亦辰集团 (08365) leading the high rate at 75.34%, 48.09%, and 26.56% respectively [1][2] 52-Week High Rankings - PACIFIC LEGEND (08547) closed at 0.630, with a peak of 0.640, achieving a high rate of 75.34% [2] - 百心安-B (02185) closed at 9.300, with a peak of 9.300, achieving a high rate of 48.09% [2] - 亦辰集团 (08365) closed at 0.690, with a peak of 0.710, achieving a high rate of 26.56% [2] - Other notable stocks include 飞鱼科技 (01022) at 25.00%, 远大中国 (02789) at 23.72%, and 威讯控股 (01087) at 23.61% [2] 52-Week Low Rankings - 台州水务 (01542) reached a low of 1.240, with a decline rate of -8.15% [4] - 中国万天控股 (01854) reached a low of 0.850, with a decline rate of -5.56% [4] - 中显智能齐家控股 (08395) reached a low of 0.162, with a decline rate of -4.71% [4]
五矿资源(01208)下跌2.0%,报4.89元/股
Jin Rong Jie· 2025-08-18 05:39
五矿资源有限公司的主营业务是在澳大利亚、刚果(金)和秘鲁开发并运营铜、锌及其他基本金属业务。 公司以中国五矿为主要股东,总部位于澳大利亚墨尔本,并在香港联合交易所上市,目标是在2020年前 发展成为全球顶尖的中型矿业公司之一。 截至2025年中报,五矿资源营业总收入201.66亿元、净利润24.34亿元。 本文源自:金融界 作者:行情君 8月18日,五矿资源(01208)盘中下跌2.0%,截至13:15,报4.89元/股,成交3.0亿元。 ...
铜铝商品震荡,权益先行
Changjiang Securities· 2025-08-18 02:11
Investment Rating - The report maintains a "Positive" investment rating for the metal and mining industry [10]. Core Insights - The report indicates that the metal market is currently at a cyclical bottom, with commodity prices experiencing fluctuations and equities leading the way. The first half of the year saw a "strong reality, weak expectations" scenario for copper and aluminum, while the second half is expected to see a decline in demand due to reduced wind and solar installations and export factors. However, supply elasticity is limited, and the extent of supply-demand deterioration is expected to be manageable. With the Federal Reserve's interest rate cuts and increased domestic stimulus policies, a "weak reality, stable expectations" state is anticipated, leading to continued fluctuations in copper and aluminum prices until demand enters a strong expectation or reality phase, projected by the end of this year or early next year [7][8]. Summary by Sections Commodity Market - In the commodity market, copper and aluminum prices are expected to fluctuate due to a combination of strong reality and weak expectations in the first half of the year. The second half is likely to see a decline in demand, but supply constraints will limit the deterioration of the supply-demand balance. The report suggests that the market will stabilize as the Federal Reserve cuts interest rates and domestic stimulus measures are implemented [6][7]. Equity Market - The equity market is positioned to lead the recovery as the cyclical bottom is reached. The report highlights that the current equity valuations have already factored in a significant amount of pessimism, making it an opportune time for investment in copper and aluminum sectors. The influx of long-term capital is expected to enhance pricing power and support the recovery of copper and aluminum values [7][8]. Precious Metals - The report maintains a bullish outlook on precious metals, particularly gold, driven by expectations of interest rate cuts. It suggests that gold stocks may experience a quarterly-level resonance across price, valuation, and style dimensions. The recommendation is to increase allocation to gold stocks, especially after gold prices stabilize above $3,500 per ounce [5][6]. Strategic Metals - The report emphasizes the strategic importance of rare earths and tungsten, noting that the value of these metals is being reassessed. The government is intensifying control over resources and smelting, which is expected to enhance the long-term strategic value of rare earths amid ongoing trade tensions. The report also highlights the potential for price increases in tungsten due to supply constraints and improving macroeconomic expectations [8][9].