According to the Zhitong Finance App, China Nonferrous Mining (01258) announced interim results for the six months ended June 30, 2026. The group obtained revenue of US$2,261 million, an increase of 29.09%; profit attributable to company owners was US$434 million, up 64.68% year on year; profit per share was 11.11 US cents, and an interim dividend of 1.1113 cents per share was planned.
Sales revenue for crude copper and anode copper in the first half of 2026 was US$1,167.7 million, up 21.7% from US$959 million in the first half of 2025. The main reason was the year-on-year increase in crude copper and anodized copper sales prices due to the rise in international copper prices.
Cathode copper sales revenue for the first half of 2026 was US$851 million, up 39.2% from US$611.6 million in the first half of 2025. The main reason was the year-on-year increase in cathode copper sales prices due to rising international copper prices.
Sulfuric acid sales revenue for the first half of 2026 was US$129 million, up 48.1% from US$87.3 million in the first half of 2025. The main reason was the year-on-year increase in sulfuric acid sales prices due to supply and demand.
In the second half of 2026, the company's production and operation will still face multiple challenges brought about by external market fluctuations, overseas differentiation risks, and supply and demand restructuring. At the same time, AI computing power, the expansion of the new energy industry, and the revaluation of key global mineral resources will also bring many opportunities for the development of the industry. Subsequently, under the leadership of the board of directors, the company's management will continue the idea of steady management and development, resolutely implement the core tasks of stable production, profit protection and risk prevention, normalize safety and environmental protection, compliant management and sustainable development management, and continue to deepen internal reforms, optimize the production and operation system, and reduce production costs. At the same time, we will steadily promote the implementation of overseas copper mine mergers and acquisitions and production expansion projects, promote diversified development of epitaxial mergers and acquisitions and development regions, continue to consolidate resource reserves and production capacity, seize market opportunities with high copper prices, open up a new situation of capital operation and industrial development, ensure the steady growth of the company's business performance in 2026, and continue to promote the high quality and sustainable development of the enterprise.