CMOC Group Limited (HKEX: 03993) has released an announcement concerning its preliminary financial estimates for the period from January 1, 2026, to June 30, 2026. The company projects that its net profit attributable to shareholders for the first half of 2026 will range between RMB 15.5 billion and RMB 16.5 billion. This represents a substantial increase of RMB 6.829 billion to RMB 7.829 billion compared to the same period last year, translating to a year-on-year growth of 78.76% to 90.29%.
Furthermore, the company expects its first-half 2026 net profit, excluding non-recurring gains and losses and attributable to shareholders, to be in the range of RMB 15.0 billion to RMB 16.0 billion. This marks an increase of RMB 6.276 billion to RMB 7.276 billion from the prior-year period, equating to a year-on-year rise of 71.94% to 83.40%.
During the first half of 2026, the company achieved growth in the production volume of its primary copper products, with the benefits of integrated scale continuing to materialize. Copper metal production reached approximately 388,000 tonnes, reflecting a year-on-year increase of about 9.73%.
The primary drivers for the company's improved first-half 2026 performance compared to the previous year are attributed to a dual increase in both the volume and price of its key copper products, a significant rise in the prices of molybdenum and tungsten products, and the consolidation of its Brazilian gold mining business, all of which contributed to the enhanced financial results.