Core Viewpoint - China Nonferrous Mining (01258.HK) announced the resignation of Tan Yaoyu as a non-executive director and a member of the audit committee, effective October 28, 2025 [1] Group 1 - Tan Yaoyu resigned due to other business commitments [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。 自2025年10月28日起，中國有色礦業有限公司董事會（「董事會」）成員載列如下： 執行董事 肖波先生 （主席） 非執行董事 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） 董事名單及其角色與職能 陳志江先生 龔亞妮女士 獨立非執行董事 | | 委員會 | 審核 | 提名 | 薪酬 | 合規 | | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | | 肖波先生 | | | | M | C | | 陳志江先生 | | M | | | | | 龔亞妮女士 | | | M | | | | 關浣非先生 | | M | | C | M | | 高光夫先生 | | C | M | | | | 孫玉峰先生 ...

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，並明確表示，概不對因本 公告全部或任何部份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） 非執行董事 委任非執行董事、審核委員會成員 董事會欣然宣佈委任陳志江先生（「陳先生」）為非執行董事及審核委員會成員，自 2025年10月28日起生效。 陳志江先生，現年44歲，彼於2003年取得北京工商大學會計學之學士學位。陳先 生於2003年7月加入中國有色金屬建設股份有限公司（「中國有色金屬建設」，中國 有色礦業集團有限公司（「中國有色集團」，本公司之控股股東）的子公司）任職財 務部。彼於2013年9月至2022年11月曾歷任中國有色金屬建設財務部主管、哈薩克 代表處財務主管、審計部副經理、預算管理部副經理、財務部副主任、中色哈薩 克有限公司*（中國有色集團的子公司）財務總監。彼自2022年11月至2025年2 ...

Group 1 - Copper industry stocks experienced significant declines, with Jiangxi Copper Co., Ltd. (00358.HK) falling by 6.33% to HKD 32.84 [1] - Minmetals Resources (01208.HK) decreased by 4.99%, trading at HKD 6.85 [1] - China Nonferrous Mining (01258.HK) saw a drop of 3.93%, with shares priced at HKD 13.95 [1] - Luoyang Molybdenum Co., Ltd. (03993.HK) declined by 2.41%, reaching HKD 16.63 [1]

Group 1 - Copper stocks have experienced significant declines, with Jiangxi Copper Co. down 6.33% to HKD 32.84, Minmetals Resources down 4.99% to HKD 6.85, China Nonferrous Mining down 3.93% to HKD 13.95, and Luoyang Molybdenum down 2.41% to HKD 16.63 [1] - As of October 28, LME copper prices have dropped by 1%, currently at USD 10,918.5 per ton [1] - Everbright Futures suggests that geopolitical easing between Russia and Ukraine, progress in China-US trade negotiations, and the introduction of domestic 14th Five-Year Plan proposals indicate a positive start for the global economy next year [1] Group 2 - The International Copper Study Group (ICSG) predicts a potential shortage of refined copper by 2026 due to ongoing impacts from the Indonesian mining incident, despite a tight balance in copper supply and demand [1] - There is a divergence in market expectations, as domestic copper demand growth in the first three quarters has been substantial, leading to potential pressure on demand in the fourth quarter, which may not be as significant as anticipated [1] - Jiangxi Copper Co. is set to hold a board meeting today to consider and approve the announcement regarding its third-quarter performance for the nine months ending September 30, 2025 [1]

Core Viewpoint - The company reported a net profit of approximately 356 million yuan for the first three quarters, representing a year-on-year increase of 13.38%, with a notable decline in Q3 profit compared to Q2 [1] Group 1: Financial Performance - The company achieved a net profit of approximately 123 million, 140 million, and 93 million USD for Q1, Q2, and Q3 respectively, with Q3 showing a quarter-on-quarter decrease of 33.57% [1] - The total copper production from the company's own mines for the first three quarters was approximately 118,100 tons, a year-on-year decrease of 3% [1] Group 2: Mining Operations - The company’s own mines produced approximately 54,200 tons of crude copper and anode copper, a year-on-year decrease of about 6%, while cathode copper production remained stable at approximately 63,900 tons [1] - The production of anode copper from the company's African mines decreased by about 2% to 49,864 tons, primarily due to temporary shutdowns at the Qianbixi Southeast mine [1] Group 3: Future Production Capacity - The company has five mining projects under construction or planning, which are expected to gradually increase annual copper production capacity to approximately 300,000 tons by 2030 [2] - The projects include the Qianbixi wet method Samba copper mine, the new Luansha mine project, and the Gangbof Menza Sa mine project, among others, which collectively have the potential to add 150,000 tons of copper production capacity once fully operational [2] Group 4: Mergers and Acquisitions - The company announced the acquisition of 10.5% of SM Minerals' issued share capital, which will primarily fund technical exploration and development of the Bonkara mining project, containing approximately 1.5 million tons of copper resources [2]

Group 1 - The core viewpoint of the report is that Guosen Securities maintains an "outperform" rating for China Nonferrous Mining (01258), projecting revenue growth for 2025-2027 with expected revenues of $3.632 billion, $4.730 billion, and $4.950 billion, reflecting year-on-year growth rates of -4.8%, 30.2%, and 4.7% respectively [1] - The projected net profit attributable to shareholders for the same period is $480 million, $518 million, and $631 million, with year-on-year growth rates of 20.5%, 7.7%, and 21.9% respectively [1] - The diluted EPS is expected to be $0.12, $0.13, and $0.16, with current price-to-earnings ratios of 14.7, 13.7, and 11.2 times [1] Group 2 - In the third quarter, the company reported a net profit attributable to shareholders of approximately $35.6 million, representing a year-on-year increase of 13.38%, with quarterly profits of approximately $12.3 million, $14.0 million, and $9.3 million for Q1, Q2, and Q3 respectively, showing a quarter-on-quarter decrease of 33.57% in Q3 [2] - The company produced approximately 54,200 tons of crude copper and anode copper from its own mines, a year-on-year decrease of about 6%, while the production of cathode copper remained stable at approximately 63,900 tons [2] - The total copper production from the company's own mines for the first three quarters was approximately 118,100 tons, reflecting a year-on-year decrease of about 3% [2] - The company announced in June that it would acquire 10.5% of the issued share capital of SM Minerals through a share subscription, with the funds primarily allocated for technical exploration and development of the Bonkara mining project [2] - The Bonkara North mining rights hold approximately 1.5 million tons of copper metal, providing sufficient resources for large-scale mining operations [2]

Group 1 - The core viewpoint of the report is that Guosen Securities maintains an "outperform" rating for China Nonferrous Mining (01258), projecting revenue growth from 2025 to 2027 with expected revenues of $36.32 billion, $47.30 billion, and $49.50 billion, reflecting year-on-year growth rates of -4.8%, 30.2%, and 4.7% respectively [1] - The projected net profit attributable to shareholders for the same period is $4.80 billion, $5.18 billion, and $6.31 billion, with year-on-year growth rates of 20.5%, 7.7%, and 21.9% respectively [1] - The diluted EPS is expected to be $0.12, $0.13, and $0.16, with current stock prices corresponding to PE ratios of 14.7, 13.7, and 11.2 times [1] Group 2 - The company reported a net profit attributable to shareholders of approximately $3.56 billion for the first three quarters, representing a year-on-year increase of 13.38%, with quarterly profits of approximately $1.23 billion, $1.40 billion, and $0.93 billion for Q1, Q2, and Q3 respectively, showing a quarter-on-quarter decrease of 33.57% in Q3 [2] - The production of copper from the company's own mines was approximately 54,200 tons for crude copper and anode copper, a year-on-year decrease of about 6%, while the production of cathode copper was approximately 63,900 tons, remaining stable year-on-year [2] - The total copper production from the company's own mines for the first three quarters was approximately 118,100 tons, reflecting a year-on-year decrease of about 3% [2] - The company announced in June that it would acquire 10.5% of the issued share capital of SMMinerals through a share subscription, with the subscription price mainly allocated for technical exploration and development of the Bonkara mining project [2] - The Bonkara North mining rights owned by SMMinerals have an estimated copper metal reserve of approximately 1.5 million tons, providing sufficient resources for large-scale mining operations [2]

Core Viewpoint - China Nonferrous Mining (01258) has seen a stock price increase of 2.91%, reaching HKD 14.50, with a trading volume of HKD 143 million, following the announcement of a projected profit increase for the upcoming financial period [1] Financial Performance - For the nine months ending September 30, 2025, the company estimates a profit attributable to shareholders of approximately USD 356 million, representing a year-on-year growth of about 13% [1] - The primary drivers for this growth are attributed to the rise in international copper prices and an increase in the production and sales volume of cathode copper compared to the previous year [1]

Core Viewpoint - China Nonferrous Mining (01258.HK) has seen a stock price increase of over 3%, currently trading at 14.53 HKD with a transaction volume of 136 million HKD [1] Group 1 - The stock price of China Nonferrous Mining rose by 3.12% [1] - The current trading price is 14.53 HKD [1] - The total transaction volume reached 136 million HKD [1]