Key Financials

In the first half of 2025, the Company reported revenue of RMB94.773 billion, down 7.83% YoY. Operating costs totaled RMB74.727 billion, down 10.96% YoY. Net profit attributable to the parent company reached RMB8.671 billion, up 60.07% YoY, marking a record high for the same period. EBITDA was RMB19.812 billion, up 23.93% YoY. EPS was RMB0.41, up 64% YoY. Operating cash flow reached RMB12.009 billion, up 11.40% YoY. The weighted average ROE was 11.70%, up 2.88 percentage points YoY. The debt-to-asset ratio decreased to 50.15%, down 9.01 percentage points from the end of the same period last year.

Business Highlights

Production performance surpassed mid-year targets 

Copper production reached 353,570 tonnes (+12.68% YoY), cobalt 61,073 tonnes (+13.05% YoY), molybdenum 6,989 tonnes, tungsten 3,948 tonnes, niobium 5,231 tonnes, and phosphate fertilizer 582,621 tonnes. Based on the midpoint of annual guidance, completion rates for copper, cobalt, molybdenum, tungsten, niobium, and phosphate fertilizer were 56.1%, 55.5%, 51.8%, 56.4%, 52.3%, and 50.7%, respectively, all surpassing mid-year targets. 

Strategic Progress

The Company continues to strengthen its organizational foundation, fostering a younger, more international, and highly professional management team. The acquisition of Odin Mining (Cangrejos Gold Project) in Ecuador has been completed, with development accelerating. Capacity expansion projects at TFM and KFM are progressing steadily, alongside the construction of the Heshima Hydropower Project in the DRC, to support the Company’s goal of achieving a copper capacity of 800,000–1,000,000 tonnes by 2028.   

ESG Leadership  

CMOC maintained its MSCI ESG AA rating for the third consecutive year, ranking among the top 11% globally in the non-ferrous metals industry. The Company was included in the S&P Global Sustainability Yearbook (China Edition) for the third consecutive year, reaffirming its internationally recognized sustainability practices. Nearly 200 carbon reduction projects are underway across mining sites, with several achieving emission targets 2–3 years ahead of schedule.