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]

Market Overview - The Shanghai Composite Index rose by 3.49% and the CSI 300 Index increased by 4.18% during the week of August 18-22 [2][3] - The SW Nonferrous Metals Index saw a gain of 1.33%, while COMEX gold and silver prices increased by 1.05% and 2.26%, respectively [2][3] Industrial Metals - Industrial metal prices showed mixed movements: LME aluminum +0.73%, copper +0.50%, zinc +0.32%, lead +0.56%, nickel -1.45%, and tin +0.70% [2][3] - The SMM imported copper concentrate index reported a decrease of $3.47/ton to $-41.15/ton, while the copper rod enterprises' operating rate rose to 71.80%, up by 1.20 percentage points [3] - Domestic electrolytic aluminum social inventory decreased by 11,000 tons, totaling 596,000 tons, indicating a slight increase in production and improved demand expectations [3] - Recommended companies in the industrial metals sector include Zijin Mining, Luoyang Molybdenum, Minmetals Resources, China Nonferrous Mining, and others [3] Energy Metals - Cobalt raw material imports continue to decline, suggesting a potential price surge for cobalt, while lithium supply disruptions remain a concern [4] - Carbonate lithium prices have rebounded due to increased market activity, with expectations for a strong short-term performance [4] - Cobalt prices are expected to strengthen as domestic inventory continues to deplete, with stable price increases for cobalt sulfate [4] - Recommended companies in the energy metals sector include Cangge Mining, Huayou Cobalt, and others [4] Precious Metals - The expectation of interest rate cuts by the Federal Reserve has positively influenced gold prices, with the People's Bank of China continuing to increase gold reserves for nine consecutive months [5] - Silver prices are also rising due to its industrial properties and recovery dynamics [5] - Recommended companies in the precious metals sector include Shandong Gold, Tongguan Gold, and others, with a focus on potential opportunities if gold prices stabilize above $3,500/oz [5]

Core Viewpoint - The Shanghai Stock Exchange has announced the listing of China Nonferrous Mining Group Co., Ltd.'s 2025 public offering of technology innovation perpetual bonds (second phase) aimed at professional investors, effective from August 20, 2025 [1][2]. Group 1 - The bonds will be traded under the name "中色 YK11" with the security code "243551" [2]. - The trading methods for these bonds include matched transactions, click transactions, inquiry transactions, competitive bidding transactions, and negotiated transactions [2]. - According to China Clearing rules, these bonds can participate in pledged repurchase transactions [2].

Group 1 - The core viewpoint of the news is that China Nonferrous Metal Mining Group Co., Ltd. has received an "AAAsti" rating for its second phase of corporate bonds aimed at professional investors, indicating strong creditworthiness [1] - The company is recognized for its rich resource reserves, complete industrial chain, significant scale advantages, and improved profitability and operational cash flow, which support its credit level [1] - However, the rating agency also notes that the company's profitability is susceptible to industry cyclicality and that overseas operations face certain risks, which could impact its overall credit status [1] Group 2 - China Nonferrous Metal Mining Group Co., Ltd. is a large state-owned enterprise directly managed by the State-owned Assets Supervision and Administration Commission, with its origins tracing back to the establishment of China Nonferrous Metal Foreign Engineering Company in 1983 [2] - The company underwent several name changes and structural adjustments, including the establishment of China Nonferrous Metal Construction Group Co., Ltd. in 2005, and it primarily engages in nonferrous metal mining, construction contracting, and related services [2] - In 2024, the company achieved a total operating revenue of 132.368 billion yuan [2]

Group 1 - The core viewpoint of the article highlights the strong performance of Hong Kong copper stocks, particularly Minmetals Resources, which surged over 9% after announcing its interim results [1] - Minmetals Resources reported a revenue of $2.817 billion for the first half of the year, representing a 47% year-on-year increase [1] - The company's profit attributable to equity holders reached $340 million, marking a significant year-on-year growth of 1511% [1] Group 2 - The revenue growth for Minmetals Resources was primarily driven by increased sales volume and rising commodity prices [1] - Profit growth was attributed to enhanced copper production from three copper mines, rising market prices for copper, gold, silver, and zinc, as well as a decrease in unit costs at Las Bambas [1] - Analysts noted limited global copper mine production growth, with Chile's copper output increasing by 17% in June, but significant declines at Escondida (down 33%) and Collahuasi (down 29%) [1] Group 3 - The market anticipates a rebound in demand for copper due to increased infrastructure, power grid investments, and the renewable energy sector in China after September, which may further drive up copper prices [1]

格隆汇8月12日丨中国有色矿业(01258.HK)公布，公司将于2025年8月28日召开董事会会议，以（其中包 括）审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议 （如有）。 ...