中国有色矿业(01258)绩后涨超7%，截至发稿，涨7.01%，报10.23港元，成交额8346.99万港元。 消息面上，8月28日，中国有色矿业公布2025年中期业绩。期内，公司实现收益17.52亿美元；净利润 3.71亿美元，较2024年同期上涨22.5%；公司拥有人应占利润2.63亿美元，较2024年同期上涨20.2%。集 团拥有人应占之每股基本盈利约为6.75美仙(折算约为0.53港元)，较2024年同期的5.75美仙(折算约为0.45 港元)增涨约17.4%。 2025年1月至6月，公司累计生产粗铜和阳极铜111,283吨，同比下降30.4%；累计生产阴极铜72,192吨， 同比增长15.6%；累计生产氢氧化钴含钴481吨，同比增长1.7%；累计生产硫酸538,433吨，同比下降 1.9%；累计生产液态二氧化硫1,466吨，同比下降85.5%；公司累计代加工本集团外企业铜产品102,708 吨，同比增长152.9%。 值得关注的是，上半年，公司进一步加强投资者关系维护工作，与境内外投资者保持良性互动，通过维 持高比例派息，积极回馈广大股东，公司在二级市场的表现也得到了广大投资者的认可。六月份，公司 ...

Group 1 - The core viewpoint of the news is that China Nonferrous Mining (01258) experienced a stock price increase of over 7% following the announcement of its mid-year results for 2025, reflecting positive investor sentiment [1] - For the first half of 2025, the company reported revenues of $1.752 billion and a net profit of $371 million, which represents a year-on-year increase of 22.5% compared to the same period in 2024 [1] - The profit attributable to shareholders was $263 million, up 20.2% from the previous year, with basic earnings per share of approximately 6.75 cents, a 17.4% increase from 5.75 cents in 2024 [1] Group 2 - The company produced a total of 111,283 tons of crude copper and anode copper, a decrease of 30.4% year-on-year, while cathode copper production increased by 15.6% to 72,192 tons [1] - The production of cobalt hydroxide was 481 tons, up 1.7%, while sulfuric acid production decreased by 1.9% to 538,433 tons, and liquid sulfur dioxide production saw a significant decline of 85.5% to 1,466 tons [1] - The company also processed 102,708 tons of copper products for external enterprises, marking a substantial increase of 152.9% [1] Group 3 - In the first half of the year, the company enhanced its investor relations efforts, maintaining positive interactions with both domestic and international investors, which contributed to its favorable market performance [2] - The company announced its subscription to a stake in the Balkhash copper mine in Kazakhstan, indicating a strategic move towards further acquisitions and control, marking a breakthrough in its external expansion efforts [2]

Core Viewpoint - China Nonferrous Mining Co., Ltd. reported a strong financial performance for the first half of 2025, with significant increases in net profit and earnings per share, despite challenges in production volumes and external market conditions [1][6]. Financial Performance - The company achieved revenues of $1.752 billion and a net profit of $371 million, representing a year-on-year increase of 22.5% [1] - Profit attributable to shareholders was $263 million, up 20.2% from the previous year [1] - Basic earnings per share for shareholders were approximately 6.75 cents, a 17.4% increase from 5.75 cents in 2024 [1] Production Metrics - Total production of crude copper and anode copper was 111,283 tons, a decrease of 30.4% year-on-year [1] - Cathode copper production increased by 15.6% to 72,192 tons [1] - Cobalt hydroxide production was 481 tons, up 1.7% year-on-year [1] - Sulfuric acid production decreased by 1.9% to 538,433 tons [1] - Liquid sulfur dioxide production saw a significant decline of 85.5% to 1,466 tons [1] - The company processed 102,708 tons of copper products for external enterprises, a substantial increase of 152.9% [1] Project Development - Major ongoing projects are progressing well, with geological surveys and engineering investigations completed for key mining operations [2] - The company is on track to complete various construction and environmental assessments for its projects by the end of 2025 [2][3][4][5] - The Luanshya new mine project is a key focus for sustainable development, with significant progress in water drainage and infrastructure work [3] Market Environment and Strategic Initiatives - The company faced challenges from external factors such as fluctuating copper prices due to U.S. tariff policies and instability in the Democratic Republic of Congo [6][7] - Despite these challenges, the company maintained strong operational performance and achieved record economic indicators [7] - The company has strengthened investor relations and announced a strategic acquisition of a stake in the Balkhash copper mine in Kazakhstan, marking a breakthrough in its expansion efforts [7]

Financial Performance - In the first half of 2025, the company achieved revenue of $1.752 billion and a net profit of $371 million, representing a year-on-year increase of 22.5% compared to the same period in 2024 [1] - The profit attributable to shareholders was $263 million, up 20.2% year-on-year, with basic earnings per share of approximately 6.75 cents, an increase of about 17.4% from 5.75 cents in 2024 [1] Production Metrics - From January to June 2025, the company produced 111,283 tons of crude copper and anode copper, a decrease of 30.4% year-on-year; however, cathode copper production increased by 15.6% to 72,192 tons [1] - Cobalt hydroxide production reached 481 tons, up 1.7% year-on-year, while sulfuric acid production was 538,433 tons, down 1.9% [1] - The company processed 102,708 tons of copper products for external enterprises, marking a significant increase of 152.9% [1] Project Development - Major ongoing projects are progressing well, with geological surveys and engineering investigations completed for the slope road of the non-ferrous Africa mining project [2] - The company is on track to complete the construction of the main western selection plant renovation project by the end of September 2025 [2] - The new copper smelting project in Luanshya is a key focus for sustainable and high-quality development, with significant progress in water drainage work [3] Environmental and Operational Challenges - The company faced increased external uncertainties, including fluctuating international copper prices due to U.S. tariff policies and domestic instability in the Democratic Republic of Congo [6] - Despite these challenges, the company maintained strong production performance, achieving historical highs in key economic indicators [7] Strategic Initiatives - The company has strengthened investor relations and maintained a high dividend payout ratio to reward shareholders, which has positively impacted its market performance [7] - In June, the company announced the acquisition of a stake in the Balkhash copper mine in Kazakhstan, marking a breakthrough in its external acquisition strategy [7]

Financial Performance - In the first half of 2025, the company achieved revenue of $1.752 billion and a net profit of $371 million, representing a year-on-year increase of 22.5% compared to 2024 [1] - The profit attributable to shareholders was $263 million, up 20.2% from the same period in 2024 [1] - Basic earnings per share for shareholders were approximately 6.75 cents, an increase of about 17.4% from 5.75 cents in 2024 [1] Production Metrics - From January to June 2025, the company produced 111,283 tons of crude copper and anode copper, a decrease of 30.4% year-on-year [1] - The production of cathode copper was 72,192 tons, reflecting a year-on-year increase of 15.6% [1] - Cobalt hydroxide production was 481 tons, up 1.7% year-on-year, while sulfuric acid production was 538,433 tons, down 1.9% [1] - The company processed 102,708 tons of copper products for external enterprises, a significant increase of 152.9% [1] Project Development - Major ongoing projects are progressing smoothly, with geological surveys and engineering investigations completed for the slope road project [2] - The company plans to complete the construction of the slope road by the end of Q3 2028, depending on the route adjustments [2] - The main and auxiliary well curtain grouting water control project is advancing, with significant reductions in water inflow [2] Environmental and Infrastructure Projects - The company has completed procurement and construction for several environmental and infrastructure projects, including a new oxygen system and environmental governance for smelting [3] - The Luanshya copper smelting project is operational, with ongoing construction for related facilities [4] Strategic Initiatives - The company is actively pursuing external acquisitions, including a stake in the Kazakhstan Balkhash copper mine, marking a breakthrough in its expansion strategy [7] - The management emphasizes maintaining production stability, profitability, and a focus on safety, environmental compliance, and sustainable development for the remainder of 2025 [7]

Core Viewpoint - China Nonferrous Mining Corporation (01258) reported a mid-term performance for the six months ending June 30, 2025, showing a revenue of $1.752 billion, a year-on-year decrease of 12.9%, while profit attributable to shareholders increased by 20.2% to $263 million, with basic earnings per share approximately 6.75 cents [1] Group 1: Financial Performance - The company achieved a revenue of $1.752 billion for the first half of 2025, reflecting a decline of 12.9% compared to the previous year [1] - Profit attributable to shareholders reached $263 million, marking a year-on-year increase of 20.2% [1] - Basic earnings per share were approximately 6.75 cents [1] Group 2: Production Metrics - The company produced a total of 111,283 tons of crude copper and anode copper, which is a decrease of 30.4% year-on-year [1] - Cathode copper production totaled 72,192 tons, representing a year-on-year increase of 15.6% [1] - Cobalt hydroxide production was 481 tons, showing a growth of 1.7% year-on-year [1] - Sulfuric acid production reached 538,433 tons, down by 1.9% year-on-year [1] - Liquid sulfur dioxide production significantly decreased to 1,466 tons, a decline of 85.5% [1] - The company processed 102,708 tons of copper products for external enterprises, which is an increase of 152.9% year-on-year [1] Group 3: Business Operations - The company operates as a leading vertically integrated copper producer, focusing on copper and cobalt mining, ore processing, and both pyrometallurgical and hydrometallurgical refining and sales in Zambia and the Democratic Republic of the Congo [1] - Key operational entities include China Nonferrous Africa Mining, Luanshya Copper Mines, and several others in Zambia and the Democratic Republic of the Congo [1]

Core Insights - China Nonferrous Mining Corporation (01258) reported a revenue of $1.752 billion for the six months ending June 30, 2025, representing a year-on-year decline of 12.9% [1] - The profit attributable to shareholders was $263 million, showing a year-on-year increase of 20.2% [1] - Basic earnings per share were approximately 6.75 cents [1] Group Performance - The company operates as a leading vertically integrated copper producer, focusing on copper and cobalt mining, beneficiation, hydrometallurgy, pyrometallurgy, and sales in Zambia and the Democratic Republic of the Congo [1] - The business is primarily managed by several subsidiaries, including China Nonferrous Africa Mining, Luanshya Copper Mines, and others in Zambia and the Democratic Republic of the Congo [1] Production Metrics - For the period from January to June 2025, the company produced 111,283 tons of crude copper and anode copper, a decrease of 30.4% year-on-year [1] - The production of cathode copper reached 72,192 tons, an increase of 15.6% year-on-year [1] - Cobalt hydroxide production was 481 tons, reflecting a year-on-year growth of 1.7% [1] - Sulfuric acid production totaled 538,433 tons, down 1.9% year-on-year [1] - Liquid sulfur dioxide production significantly decreased by 85.5% to 1,466 tons [1] - The company processed 102,708 tons of copper products for external enterprises, marking a substantial year-on-year increase of 152.9% [1]

Core Viewpoint - China Nonferrous Mining (01258.HK) reported a significant increase in mid-year performance for 2025, with revenues reaching $1.7515 billion and net profits of $371.3 million, reflecting a year-on-year growth of 22.5% [1] Financial Performance - The company achieved a profit attributable to shareholders of $263.3 million, marking a 20.2% increase compared to the previous year [1] - Basic earnings per share were approximately 6.75 cents [1] Key Drivers of Performance - The improvement in performance was primarily driven by the rise in international copper prices [1] - Increased production and sales volumes of copper from the company's own mines contributed positively, with both crude copper and anode copper sales showing year-on-year growth [1] - Additionally, cathode copper sales volumes also experienced a year-on-year increase [1]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並表明概不就因本公告全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China Nonferrous Mining Corporation Limited 中國有色礦業有限公司 （根據公司條例於香港註冊成立的有限公司） （股份代號：01258） 截至2025年6月30日止六個月 未經審核中期業績 本集團財務摘要 2025年上半年，本集團實現收益1,751.5百萬美元，較2024年上半年的2,009.8百 萬美元下降12.9%。 2025年上半年，本集團實現淨利潤371.3百萬美元，較2024年上半年的303.2百萬 美元增長22.5%。 2025年上半年，本集團實現本公司擁有人應佔利潤263.3百萬美元，較2024年上 半年的219.1百萬美元增長20.2%。 2025年上半年，本集團實現本公司擁有人應佔之每股基本盈利約為6.75美仙（折 算約為0.53港 元），較2024年上半年的5.75美 仙（折 算 約 為0.45港 元）增 長 約 17.4%。 董事會不 ...

Market Overview - US stock indices experienced adjustments, with European markets also facing challenges, particularly in France where the CAC 40 index fell over 2% [1] - Hong Kong stocks corrected after a strong rally, closing down 1.18% [1] - Optimism regarding potential Fed rate cuts was tempered by concerns over Trump's threats to dismiss Fed Governor Lisa Cook, which could undermine confidence in USD assets [1] Gold and Mining Sector - Gold stocks surged, with China Gold International reporting a turnaround in its mid-year results, showing strong growth and significant capacity expansion potential [1] - Other gold stocks like Lingbao Gold and Zhaojin Mining also saw substantial gains, reflecting a broader trend in the sector [1] Trade and Tariff Implications - Trump threatened to impose approximately 200% tariffs on rare earth magnets from China and additional tariffs on countries implementing digital taxes, impacting major US tech companies [2] - The US government proposed adding copper, silicon, and silver to a list of critical minerals, indicating a shift in tariff strategy to protect domestic industries [2] Automotive Industry Dynamics - The automotive sector is undergoing rapid changes, with Chinese electric vehicle companies and Tesla significantly shortening the development cycle for new models to about two years [3] - Traditional players like Puma are exploring strategic options, including potential sales, indicating a shift in competitive dynamics within the industry [3] AI and Technology Sector - The Chinese government announced plans to integrate AI with six key sectors by 2027, which will drive capital expenditure towards AI-related technologies [6] - Companies like SMIC and SenseTime are positioned to benefit from increased investment in AI and related technologies [6] Company Performance Highlights - Angelalign reported a 33.1% increase in revenue to $161.4 million, with a significant rise in net profit, indicating strong performance in the orthodontics market [4] - Meituan was included in the MSCI China Index, leading to an 8% increase in its stock price [5] Individual Stock Insights - SenseTime is expected to report improved financial results, with projected revenue growth and a potential narrowing of losses, reflecting a positive outlook for the company [7] - The company has a strong competitive position in AI technology, with significant advancements in model capabilities and market share in various applications [8]