CDAYENONFER (00661) announced its 2025 financial results, recording revenue of approximately RMB 66.051 billion, an increase of about 14.17% year-on-year. Gross profit was approximately RMB 1.281 billion, a decrease of about 20.92% compared to the previous year. Profit attributable to owners of the company for the year amounted to RMB 53.548 million, representing a growth of 33.21% year-on-year. Basic earnings per share were 0.3 fen.
The growth in revenue was primarily driven by rising prices of major products, including cathode copper, gold, silver, and sulfuric acid. The decline in gross profit was mainly due to a sharp drop in smelting and processing fees in 2025, resulting from the dual impact of accelerated release of domestic and international smelting capacity and tight supply of copper concentrate. This significantly narrowed the profit margins of the group's smelting and processing subsidiaries.
Throughout 2025, the group produced approximately 18,800 tonnes of mine copper, an increase of about 3.54% compared to the previous year. Cathode copper output reached about 719,000 tonnes, up approximately 2.18% year-on-year. Production of precious metals totaled approximately 655.95 tonnes (including about 9.28 tonnes of gold, 612.28 tonnes of silver, 8 kilograms of platinum, 110 kilograms of palladium, and 34.27 tonnes of tellurium), a decrease of about 5.26% compared to the prior year. Output of chemical products, including sulfuric acid, amounted to approximately 2.7215 million tonnes (comprising about 2.7114 million tonnes of sulfuric acid, 120.53 tonnes of nickel sulfate, 9,718.39 tonnes of copper sulfate, and 210.62 tonnes of crude selenium), marking an increase of about 31.83% year-on-year. Iron concentrate production reached approximately 245,800 tonnes, up about 31.24%, while molybdenum concentrate output was about 39.6 tonnes, down approximately 9.34%.
For 2026, the group has set production targets of 19,000 tonnes of mine copper, 713,000 tonnes of cathode copper, 7.3 tonnes of gold, 617.7 tonnes of silver, 2.067 million tonnes of sulfuric acid, 245,000 tonnes of iron concentrate, 7.1 kilograms of platinum, 84.4 kilograms of palladium, 154 tonnes of nickel sulfate (metal content), 190.2 tonnes of crude selenium, 36.2 tonnes of tellurium, 13,030 tonnes of copper sulfate, and 51 tonnes of molybdenum concentrate.