Core Viewpoint - China Nonferrous Mining (01258.HK) reported a significant increase in production and profits for the first three quarters of 2025, driven by rising international copper prices and increased sales of cathode copper [1] Production and Operational Performance - The company produced approximately 107,663 tons of cathode copper, a year-on-year increase of 12%, achieving about 77% of its annual production target [1] - The production of crude copper and anode copper reached approximately 307,573 tons, reflecting a 7% year-on-year growth [1] - The subsidiary Zhongse Huaxin Maben achieved a 74% increase in cathode copper production to 24,222 tons, attributed to the utilization of generators and photovoltaic systems [1] - Luala Copper Smelting saw a 28% increase in crude copper production to 112,994 tons, as production systems operated at full capacity [1] Profitability - The company estimates a profit attributable to owners of approximately $356 million, representing a 13% year-on-year increase, primarily due to the rise in international copper prices and increased sales volume of cathode copper [1] Challenges - The Qianbixi hydrometallurgy operation temporarily ceased production due to a tailings pond incident, resulting in an 82% year-on-year decrease in cathode copper production to 755 tons [1] - Ganfeng Mining faced a 39% year-on-year reduction in cobalt hydroxide production to 390 tons, impacted by export restrictions on cobalt products from the Democratic Republic of the Congo [1]
中国有色矿业(01258.HK)预估前三季度公司拥有人分占利润约3.56亿美元 同比增长约13%