Movement Alert|CMOC Rises 3.29% in Regular Trading, H1 Net Profit Surges 86% as EGM Proposals Approved

Market Focus
Aug 21

On August 21, CMOC rose 3.29% in regular trading, trading at HK$17.24/share, with turnover of HK$63.68 million.

On the news front, the company disclosed its interim results on August 19, reporting first-half revenue of RMB 135.32 billion, up 42.78% year-over-year, and net profit attributable to shareholders of RMB 16.152 billion, up 86.27% year-over-year. Non-recurring adjusted net profit reached RMB 15.606 billion, up 78.89%. Operating cash flow rose 36.02% to RMB 16.334 billion. Copper output reached 387,961 tons, up 9.73%, maintaining the company's position among the world's top ten copper producers. The board proposed an interim cash dividend of RMB 0.95 per 10 shares, payable on September 24.

Additionally, on August 20, the company held its first extraordinary general meeting, where all four proposals were approved with high voter turnout. Shareholders representing 66.15% of total voting shares participated, with 9,881 A-share and H-share holders in attendance. The approvals lay the institutional groundwork for subsequent financing and project investments.

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