2026年，中国有色矿业有限公司(本公司)预计综合铜产量约48.4万吨，其中阴极铜约13.4万吨，粗铜/阳 极铜约35万吨(含铜产品代加工服务)，受谦比希铜冶炼和卢阿拉巴铜冶炼按计划停产检修影响，粗铜/阳 极铜产量将有所下降。 中国有色矿业(01258)发布公告，中色非矿谦比希东南矿体主、副井于2025年12月完成修复工作，修复 效果符合预期，该矿山已于2026年1月1日正式复产。 全年预计自有矿产产铜约15.5万吨;生产硫酸约90万吨;生产液态二氧化硫约10 万吨;生产氢氧化钴含钴约 600吨。 ...

格隆汇1月11日｜据中国有色矿业公告，谦比希东南矿体主、副井于2025年12月完成修复工作，修复效 果符合预期，该矿山已于2026年1月1日正式复产。公司预计2026年综合铜产量约48.4万吨，其中阴极铜 约13.4万吨，粗铜╱阳极铜约35万吨(含铜产品代加工服务)。受谦比希铜冶炼和卢阿拉巴铜冶炼按计划 停产检修影响，粗铜╱阳极铜产量将有所下降。全年预计自有矿产产铜约15.5万吨；生产硫酸约90万 吨；生产液态二氧化硫约10万吨；生产氢氧化钴含钴约600吨。 ...

2026年，中国有色矿业有限公司(本公司)预计综合铜产量约48.4万吨，其中阴极铜约13.4万吨，粗铜/阳 极铜约35万吨(含铜产品代加工服务)，受谦比希铜冶炼和卢阿拉巴铜冶炼按计划停产检修影响，粗铜/阳 极铜产量将有所下降。 全年预计自有矿产产铜约15.5万吨;生产硫酸约90万吨;生产液态二氧化硫约10 万吨;生产氢氧化钴含钴约 600吨。 （原标题：中国有色矿业(01258)发布2026年度产量指引，预计综合铜产量约48.4万吨） 智通财经APP讯，中国有色矿业(01258)发布公告，中色非矿谦比希东南矿体主、副井于2025年12月完成 修复工作，修复效果符合预期，该矿山已于2026年1月1日正式复产。 ...

Core Viewpoint - China Nonferrous Mining (01258) shares rose over 3%, reaching HKD 14.53 with a trading volume of HKD 136 million, following the announcement of a projected profit increase for the nine months ending September 30, 2025 [1] Financial Performance - The company estimates a profit attributable to shareholders of approximately USD 356 million, representing a year-on-year growth of about 13% [1] - The increase in economic indicators is primarily driven by the rise in international copper prices and an increase in cathode copper production and sales [1] Production Metrics - For the nine months ending September 30, 2025, the company produced approximately 107,700 tons of cathode copper (including copper product processing services), a year-on-year increase of about 12%, achieving 77% of the annual production target [1] - The production of cathode copper from its own mines was approximately 63,900 tons, remaining stable compared to the same period last year [1] - The total production of crude copper and anode copper (including copper product processing services) was approximately 307,600 tons, a year-on-year increase of about 7%, also achieving 77% of the annual production target [1] - The production of crude copper and anode copper from its own mines was approximately 54,200 tons, a year-on-year decrease of about 6% [1] - The company produced approximately 788,300 tons of sulfuric acid, a year-on-year increase of about 2%, completing 79% of the annual production target [1] - The production of cobalt hydroxide (containing cobalt) was approximately 676 tons, a year-on-year decrease of about 12%, achieving 75% of the annual production target [1] - The production of liquid sulfur dioxide was approximately 1,442 tons, a significant year-on-year decrease of about 90%, completing only 14% of the annual production target [1]

Core Insights - Southbound funds increased their holdings in China Nonferrous Mining (01258.HK) by 3.315 million shares on October 24, 2025, marking a 0.56% increase in total holdings [1][2] - Over the past 5 trading days, there were 3 days of net reductions totaling 11.876 million shares, while in the last 20 trading days, there were 10 days of net increases totaling 1.0858 million shares [1][2] - As of now, southbound funds hold 594 million shares of China Nonferrous Mining, representing 15.2% of the company's total issued ordinary shares [1] Summary by Category Shareholding Changes - On October 24, 2025, total shares held reached 594 million, with an increase of 3.315 million shares [2] - On October 23, 2025, total shares held were 590 million, with an increase of 3.711 million shares [2] - On October 22, 2025, total shares held were 587 million, with a decrease of 7.842 million shares [2] - On October 21, 2025, total shares held were 594 million, with a decrease of 6.303 million shares [2] - On October 20, 2025, total shares held were 601 million, with a decrease of 4.757 million shares [2] Company Overview - China Nonferrous Mining Co., Ltd. primarily engages in the exploration, mining, and processing of copper and cobalt metals [2] - The company operates two segments: the hydrometallurgy segment, which produces and sells cathode copper and cobalt hydroxide, and the smelting segment, which produces and sells crude copper and anode copper [2]

Core Viewpoint - China Nonferrous Mining (01258) expects to achieve a profit attributable to shareholders of approximately $356 million for the nine months ending September 30, 2025, representing a year-on-year increase of about 13% driven by rising international copper prices and increased cathode copper production and sales [1] Production and Financial Performance - For the nine months ending September 30, 2025, the group produced approximately 107,700 tons of cathode copper (including copper product processing services), a year-on-year increase of about 12%, achieving approximately 77% of the annual production guidance [1] - The group’s own mines produced approximately 63,900 tons of cathode copper, remaining stable compared to the same period last year [1] - The total production of crude copper and anode copper (including copper product processing services) reached approximately 307,600 tons, a year-on-year increase of about 7%, also achieving approximately 77% of the annual production guidance [1] - The group’s own mines produced approximately 54,200 tons of crude copper and anode copper, a year-on-year decrease of about 6% [1] - The total production of sulfuric acid was approximately 788,300 tons, a year-on-year increase of about 2%, achieving approximately 79% of the annual production guidance [1] - The total production of cobalt hydroxide (containing cobalt) was approximately 676 tons, a year-on-year decrease of about 12%, achieving approximately 75% of the annual production guidance [1] - The total production of liquid sulfur dioxide was approximately 1,442 tons, a year-on-year decrease of about 90%, achieving only about 14% of the annual production guidance [1]

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]