On August 24, CHINFMINING rose 3.07% in regular trading, trading at 15.64 HKD/share, with turnover of HK$16.47 million.

On the news front, the company released its interim results on August 21, reporting attributable profit of $434 million for the first half, up 64.68% year over year, surpassing its earlier positive profit alert of approximately $420 million and around 60% growth. Revenue reached $2.26 billion, a 29.1% increase from $1.75 billion a year earlier. Gross profit rose 68.1% to $959 million.

The earnings beat was primarily driven by higher international copper prices and a significant year-over-year surge in sulfuric acid prices. Sulfuric acid sales revenue climbed 48.1% to $129 million from $87.3 million in the prior-year period. The board declared an interim dividend of $0.011113 per share, payable on September 17. Analysts have noted that insufficient copper mining capital expenditure combined with frequent supply-side disruptions supports a structurally higher copper price over the medium to long term.

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