Movement Alert|CMOC Rises 4.73% in Regular Trading, H1 Net Profit Surges 86% Year-on-Year Amid Sector Strength

Market Focus
Aug 20

On August 20, CMOC rose 4.73% in regular trading, trading at HKD 17.3/share, with turnover of HKD 108 million.

On the news front, CMOC disclosed its interim results on August 19, reporting first-half revenue of RMB 135.32 billion, up 42.78% year-on-year, and net profit attributable to shareholders of RMB 16.152 billion, up 86.27% year-on-year. Basic earnings per share reached RMB 0.76, while operating cash flow climbed 36.02% to RMB 16.334 billion. Copper output totaled 387,961 tons, up 9.73% year-on-year, maintaining the company's position among the global top ten copper producers. The board proposed an interim cash dividend of RMB 0.95 per 10 shares, payable on September 24.

The broader diversified metals and mining sector strengthened concurrently, with ZIJIN MINING up 6.53%, WANGUO GOLD GP up 8.68%, and MMG up 2.64%, providing additional tailwinds.

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