Copper miners — they dig up and refine copper, the metal that carries electricity in wiring, motors, electronics and increasingly electric cars.
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Freeport Reports Q3 2026 Copper Production of 830 Million Pounds, In Line With Expectations
Freeport reported third-quarter 2026 consolidated copper production of approximately 830 million pounds, in line with expectations, with slightly better international results offsetting slightly lower U.S. output. Consolidated gold production of approximately 230 thousand ounces also approximated expectations, but timing changes at PT Freeport Indonesia deferred roughly 60 thousand ounces of refined gold from the third quarter into the fourth quarter. As a result, Freeport expects third-quarter consolidated copper sales to approximate its July 2026 estimate of 750 million pounds, while gold sales are expected to approximate 100 thousand ounces, below the July estimate. Consolidated unit net cash costs are now expected to come in about 5% above the July 2026 estimate of $2.00 per pound of copper, mainly on lower by-product credits from the deferred gold sales, and the company estimates its third-quarter consolidated average realized price will exceed $6.50 per pound of copper. At the Grasberg minerals district, mill throughput averaged approximately 140,000 metric tons of ore per day, about 67% of normalized rates prior to the September 2025 incident, and PTFI's smelter in Eastern Java re-commenced operations in late August 2026, with Freeport still targeting 80% of capacity in mid-2027 and near full capacity by year-end 2027.
FCX · Supply · Negative Q3 copper/gold output in line but gold sales deferred and unit cash costs ~5% above July estimate on lower by-product credits, with Grasberg throughput only ~67% of normalized rates.
GOLD · Supply · Negative Timing changes at PT Freeport Indonesia deferred roughly 60 thousand ounces of refined gold from Q3 into Q4, cutting Q3 gold sales to ~100 thousand ounces.
COPPER · Supply · Neutral Freeport's Q3 copper production of 830 million pounds was in line with expectations, with slightly better international results offsetting lower U.S. output.
Southern Copper Carries Positive Earnings ESP Ahead of Next Report
Southern Copper is positioned for another earnings beat when it reports next, according to Zacks Investment Research. The miner has topped estimates in each of its last two quarters, with an average surprise of 5.25%. In the most recent quarter it posted earnings of $2.01 per share against a Zacks Consensus Estimate of $1.97, a surprise of 2.03%, after delivering $1.92 per share versus an expected $1.77 in the prior quarter, a surprise of 8.47%. Southern Copper currently has an Earnings ESP of +8.00% and a Zacks Rank #3 (Hold), a combination that Zacks research shows produces a positive surprise nearly 70% of the time.
SCCO · Capital · Positive Zacks flags Southern Copper with a positive Earnings ESP of +8.00% ahead of its next report, pointing to another earnings beat.
Zacks Investment Research, Inc. · Capital · Neutral Zacks is the research firm issuing the positive Earnings ESP and Rank #3 (Hold) call on Southern Copper, but the article is about the miner, not Zacks itself.
Southern Copper in Talks to Advance $10.2 Billion Mexico Investment
Southern Copper Corporation is in discussions with the administration to advance its $10.2 billion in investments in Mexico, a pipeline the company expects to drive organic growth in the coming years. The company's Mexican copper circuit, which includes the Angangueo and Chalchihuites mines along with the Empalme Smelter, is expected to position it as a fully integrated copper producer. Southern Copper expects construction to begin in the first quarter of 2027 at its new El Pilar copper project in Sonora, with production slated to start in the second half of 2029; El Pilar's copper oxide mineralization holds estimated proven and probable reserves of 317 million tons of ore, an expected 18-year mine life, and projected output of 36,000 tons of copper cathode in 2029. The El Arco mine in Baja California, described as a world-class copper deposit with more than 1,230 million tons in sulfide ore reserves and 141 million tons of leach material, is expected to produce 190,000 ounces of copper in 2030. Southern Copper expects total production to reach 1.056 million tons in 2029 and targets 1.6 million tons by 2035, with Tía María, Los Chancas and Michiquillay in Peru, along with El Pilar, El Arco and other Mexican projects, aiding output in the coming years.
SCCO · Capital · Positive Southern Copper is in talks to advance its $10.2 billion Mexico investment pipeline, driving organic growth.
COPPER · Supply · Positive Southern Copper's planned Mexican copper projects add future copper supply, but the article is about a specific miner's expansion.
Jiayuan Technology Appoints Yang Yuping as Vice President
Jiayuan Technology announced that on September 28, 2026, the company held the twelfth meeting of its sixth board of directors, at which it reviewed and approved the proposal on appointing a vice president of the company, agreeing to appoint Yang Yuping as vice president. The proposal was nominated by President Yang Jianwen and reviewed by the board's nomination committee. As of the announcement date, Yang Yuping holds 34,769 shares in the company and has no related-party relationship with the company's controlling shareholder, actual controller, or other directors and senior management. The announcement shows that Yang Yuping does not fall under any circumstances stipulated in the Company Law that would disqualify him from serving as senior management, has not been subject to market-entry bans by the China Securities Regulatory Commission, has not been publicly identified by a stock exchange as unsuitable to serve as senior management of a listed company, has not received administrative penalties from the securities regulator or public reprimands from an exchange, is not listed as a judgment debtor subject to enforcement, and meets the qualifications required by relevant laws, regulations, and the company's articles of association.
Analyst earnings estimates for Southern Copper Corporation have been revised upward for both the current quarter and the fiscal year, drawing increased investor attention to the Peru and Mexico copper producer. The company carries a Zacks Rank #3 (Hold), and the upgraded expectations reinforce profitability as a near-term catalyst without materially changing the biggest risks around tariffs, higher operating costs, and potential project or community disruptions. In July, the board approved a quarterly dividend of US$1.10 per share, underlining how current earnings strength and cash generation are being shared with shareholders even as the company commits to heavy capital spending. Southern Copper's narrative projects $18.1 billion in revenue and $6.9 billion in earnings by 2029, requiring 4.7% yearly revenue growth and a $1.2 billion earnings increase from $5.7 billion today, while the most pessimistic analysts assumed earnings fall to about US$4.6 billion by 2029. The forecasts yield a $167.79 fair value, an 18% downside to the current price.
SCCO · Capital · Positive Analyst earnings estimates for Southern Copper were revised upward for the current quarter and fiscal year, and the board approved a $1.10 quarterly dividend.
Goldman Reiterates Buy on Freeport-McMoRan as Copper Hits $14,745
Goldman Sachs reiterated its Buy rating on Freeport-McMoRan on September 10, calling the copper miner's recent selloff overdone after Reuters indicated the White House had yet to decide whether to impose refined copper tariffs. Copper reached $14,745 per ton on September 22 as Shanghai inventories fell to 43,900 tons, their lowest level since 2023, and management estimates every $0.10 per pound change in copper prices could affect annual EBITDA by roughly $390 million in 2027 and 2028. Freeport expects second-half 2026 copper sales to exceed the first half by more than 20%, followed by another increase of more than 20% in 2027, while targeting 300 million pounds of annualized copper production from its leach initiative by year-end. On the cost side, the company's $2.50-per-pound U.S. cost target for 2027 is currently unattainable with U.S. costs closer to $3.00, and the preliminary cost of the Bagdad expansion has risen to about $4.5 billion, roughly 30% above its 2023 estimate, with 2027 capital spending expected at about $4.8 billion. Hedge fund ownership rose from 82 to 92 holders in the second quarter, and short interest climbed to 30.69 million shares as of August 31 from 27.79 million a month earlier, representing 2.15% of the float.
FCX · Capital · Positive Goldman Sachs reiterated its Buy rating on Freeport-McMoRan, calling the recent selloff overdone.
FCX · Supply · Positive Copper hit $14,745/ton as Shanghai inventories fell to 43,900 tons, their lowest since 2023, boosting the miner's realizations.
COPPER · Supply · Positive Copper reached $14,745 per ton as Shanghai inventories fell to 43,900 tons, their lowest level since 2023.
Freeport-McMoRan Draws Investor Attention as Earnings Estimates Rise
Freeport-McMoRan has landed on Zacks.com's list of the most searched stocks, with analysts raising their earnings estimates for the copper miner. The company is expected to post earnings of $0.73 per share for the current quarter, a year-over-year change of +46%, and over the last 30 days the Zacks Consensus Estimate has moved +0.8%. For the current fiscal year, the consensus earnings estimate of $2.82 points to a change of +59.3% from the prior year, while the next fiscal year's estimate of $3.76 indicates a change of +33.2%. On the revenue side, the consensus sales estimate of $7.07 billion for the current quarter points to a year-over-year change of +1.4%, with the $28.64 billion and $33.26 billion estimates for the current and next fiscal years indicating changes of +10.5% and +16.1%, respectively. The estimate revisions and other factors have produced a Zacks Rank #3 (Hold) for Freeport-McMoRan, and the stock is graded C on the Zacks Value Style Score, indicating it is trading at par with its peers.
FCX · Capital · Positive Analysts raised Freeport-McMoRan's earnings estimates, with consensus EPS up 0.8% over 30 days and strong YoY growth expected.
Freeport-McMoRan Declares $0.15 Quarterly Dividend, In Line With Previous
Freeport-McMoRan declared a quarterly dividend of $0.15 per share, unchanged from the prior payout. The dividend carries a forward yield of 0.81% and is payable Nov. 2 to shareholders of record as of Oct. 15, which is also the ex-dividend date. The company has now announced a dividend of $0.15 for twenty-three consecutive quarters.
Freeport-McMoRan Fair Value Rises to US$72.59 as Analysts Split on Copper Outlook
Freeport-McMoRan's modeled fair value has edged up from US$70.68 to US$72.59 as analysts refreshed their models on the copper miner. Barclays, BofA, UBS, Morgan Stanley, Wells Fargo and RBC all set price targets in the US$70 to US$82 range, citing copper leverage and Grasberg execution, with RBC pointing to stronger than expected Q2 performance and a Grasberg mining rate tracking toward a planned full recovery. Goldman Sachs and Barclays called pullbacks in copper-exposed stocks an entry opportunity, and Goldman argued the recent tariff-headline selloff looks overdone given the lack of concrete policy detail. On the bearish side, Freedom Broker cut Freeport-McMoRan to Hold and Bernstein kept a Market Perform rating, with Bernstein flagging complexity and possible surplus in the nickel market. The updated model also lifted modeled revenue growth from 12.25% to 14.65%, cut the net profit margin assumption from 17.17% to 13.40%, raised the future P/E multiple from 20.50x to 25.89x, and revised the discount rate from 8.88% to 9.06%.
FCX · Capital · Positive Analysts raised Freeport-McMoRan's modeled fair value to US$72.59 and set price targets of US$70-$82, citing copper leverage and Grasberg execution.
Freeport-McMoRan Trades at Premium as Earnings Growth Nears
Freeport-McMoRan closed at $70.84, up 2.3% and outpacing the S&P 500's 1.14% gain, as analysts project strong earnings growth for the mining company. The company is expected to report earnings per share of $0.73 for the upcoming quarter, a 46% increase from the same quarter last year, on revenue of $7.07 billion, up 1.4%. For the full year, the Zacks Consensus Estimates anticipate earnings of $2.82 per share and revenue of $28.61 billion, representing growth of 59.32% and 10.4%, respectively. Over the past 30 days, the consensus EPS estimate has risen 1.28%, and Freeport-McMoRan currently holds a Zacks Rank #3 (Hold). The stock trades at a forward P/E ratio of 24.59, slightly above its industry average of 24.39, while its PEG ratio of 0.68 compares favorably with the Mining - Non Ferrous industry average of 0.9.
FCX · Capital · Positive Analysts project 46% EPS growth for the quarter and 59% for the full year, with consensus estimates rising over the past 30 days.
Cygnus Metals Sets September 18 Scheme Meeting as Kazakhstan Approval Timing Clouds CAML Takeover
Cygnus Metals Limited has reminded shareholders that its Scheme Meeting to approve the proposed acquisition by Central Asia Metals PLC will be held at 2.00pm AWST on 18 September 2026 in Perth, with voting open to shareholders on the register at 5.00pm AWST on 16 September 2026. Under the scheme of arrangement, CAML will acquire 100% of the shares in Cygnus. North Macedonian merger clearance has been obtained, the Independent Expert has concluded the Scheme is fair and reasonable and in the best interests of Cygnus shareholders absent a superior alternative, and CAML shareholders have approved the resolution to allot the New CAML Shares. The Toronto Stock Exchange has conditionally approved the listing of CAML shares including the New CAML Shares, though this is not a condition precedent. The Kazakhstan regulatory approval condition precedent remains in process, with the statutory timetable requiring a decision by no later than Thursday, 1 October 2026, meaning it may not arrive before the Scheme Meeting or the current Second Court Date of 23 September 2026; if it does not, Cygnus may apply to defer the Second Court Date or seek approval to treat the Kazakhstan approval as a condition subsequent, and CAML has said it is not aware of any specific reason the approval will not be received in the ordinary course. Each Cygnus Director recommends shareholders vote in favour of the Scheme and intends to vote any shares they own or control in favour, absent a Superior Proposal and subject to the Independent Expert continuing to conclude the Scheme is in the best interests of Cygnus shareholders.
CAML.LSE · Regulation · Neutral CAML's acquisition of Cygnus advances with North Macedonian clearance and shareholder approval, but Kazakhstan regulatory approval timing remains uncertain and may not arrive before the Scheme Meeting or Second Court Date.
Cygnus Metals Limited · Regulation · Neutral Cygnus's scheme meeting is set for 18 September 2026, but the Kazakhstan regulatory approval condition precedent may not be received before the meeting or court date, creating timing uncertainty for the CAML takeover.
Goldman Calls Freeport-McMoRan Selloff an Overreaction After Copper Tariff Report
Goldman Sachs analyst Nick Cash reiterated his Buy rating on Freeport-McMoRan, calling the market's reaction an overreaction after a Reuters report said the Trump administration has not yet decided on refined copper tariffs. Freeport-McMoRan shares fell 7% in Thursday's trading, and copper futures traded 3% to 5% lower, as markets unwound some pricing of potential tariffs. An announcement has been expected on whether the U.S. would impose a 15% tariff on copper cathode, potentially starting in January 2027 and then rising to 30% in 2028. Cash said the publication provided no new information on whether policymakers will implement tariffs or continue to delay commentary on them, and that the stock's sudden drop has given investors an attractive entry point.
COPPER · Tariff · Negative Copper futures fell 3-5% as markets unwound pricing of potential US refined copper tariffs.
FCX · Tariff · Positive Goldman calls the tariff-report-driven 7% selloff an overreaction and reiterates Buy, saying no new info on copper tariffs and the drop is an attractive entry point.
GS · Capital · Neutral Goldman analyst is the one issuing the Buy reiteration on Freeport, but the news is not about Goldman itself.
Copper Miners Tumble as White House Tariff Doubt Halts Record Rally
Copper mining stocks reversed a record rally in a single session after reports cast doubt on White House tariffs covering refined copper. Freeport-McMoRan fell 8% to $70.43, Southern Copper dropped 7% to $195.66, and Teck Resources slid 7% to $65.08, while the Global X Copper Miners ETF lost 7% as its three largest U.S.-listed constituents led the decline. Benchmark three-month copper on the London Metal Exchange fell 3.1% to $14,312 per metric ton after touching a record $14,875 earlier in the same session, as officials weighed how higher prices would feed into manufacturing costs. Despite the slide, Freeport-McMoRan remains up 40% year to date, Southern Copper 42%, and Teck Resources 36%. Freeport is the most copper-levered name in the peer set and still carries an operational overhang from the September 2025 mud-rush at Grasberg in Indonesia, while Teck is midway through a pending combination with Anglo American targeting $800 million in annual pre-tax synergies.
COPPER · Tariff · Negative LME copper fell 3.1% from a record as White House tariff doubt on refined copper removed the trade-driven support.
FCX · Tariff · Negative Freeport fell 8% as doubt over White House refined-copper tariffs halted the record copper rally that had lifted the most copper-levered name.
SCCO · Tariff · Negative Southern Copper dropped 7% as reports cast doubt on White House tariffs covering refined copper, reversing the sector's record rally.
TECK · Tariff · Negative Teck Resources slid 7% as tariff doubt on refined copper ended the rally; its pending Anglo American combination is noted as context.
Cygnus Metals Limited announced that Central Asia Metals PLC shareholders approved the resolution to allot new CAML shares for the proposed acquisition of Cygnus at an extraordinary general meeting on September 4, 2026. This approval satisfies one of the conditions required for the scheme to proceed, though other conditions remain. Additionally, CAML has engaged Bell Potter to assist eligible scheme shareholders with opening CREST-enabled accounts and dematerialising their new CAML shares, with no transaction costs for 12 months from implementation. Cygnus directors recommend shareholders vote in favor of the scheme at the upcoming scheme meeting.
Southern Copper Plans $20.5 Billion Investment to Boost Output
Southern Copper Corporation intends to invest $20.5 billion over the next decade to support its long-term growth, with a significant portion allocated to projects in Peru and Mexico. The company reaffirmed its commitment to collaborating with Peru's government, advancing the Tía María, Los Chancas, and Michiquillay projects, which together represent a total investment of $10.3 billion. Tía María, with a $1.8 billion investment, is designed to produce 120,000 tons of copper cathodes annually and was 42% complete as of June 30, 2026, targeting start-up in the second half of 2027. Los Chancas, requiring $2.6 billion, is expected to produce 130,000 tons of copper and 7,500 tons of molybdenum annually from 2031, while Michiquillay, with a $2.5 billion investment, aims for 225,000 tons of copper annually from 2032. In Mexico, the El Pilar project is moving toward early site work in September 2026 and construction in the first quarter of 2027, with production targeted for the second half of 2029, designed for 36,000 tons of annual copper cathode output. These projects provide multiple sources of organic growth, supporting Southern Copper's production target of 1.6 million tons by 2033 or 2034.
Jingyi Co., Ltd. Signs Cathode Copper Purchase Contracts Worth About 2.186 Billion Yuan with Two Suppliers This Year
Guangdong Jingyi Metal Co., Ltd. announced that from January 1 to August 30, 2026, the company and its subsidiaries signed cumulative cathode copper purchase contracts with Foshan Nanhai Minyixing Trading Co., Ltd. and Tongling Nonferrous Metals Group Shanghai International Trading Co., Ltd., with amounts of approximately 1.197 billion yuan and 989 million yuan respectively, totaling about 2.186 billion yuan excluding tax. The company signed framework agreements with the two suppliers at the beginning of the year, valid for the whole year, for the purchase of cathode copper meeting the GB/T467-2010 standard. The purchase amount from Minyixing accounts for more than 50 percent of the company's audited total assets for 2025, while the purchase amount from Tongling Nonferrous is close to 50 percent. The company said the contracts help secure upstream resource supply and ensure stable supply to downstream customers, and have no material impact on business independence, but cautioned that prices and quantities are subject to uncertainty and that the company faces policy and market risks.
002295.CS · Supply · Positive Jingyi signed ~2.186 billion yuan cathode copper purchase contracts with two suppliers to secure upstream resource supply for downstream customers.
000630.CS · Demand · Positive Tongling Nonferrous's Shanghai trading unit signed a ~989 million yuan cathode copper supply contract with Jingyi, securing product orders.
佛山市南海民意兴商贸有限公司 · Demand · Positive Minyixing signed a ~1.197 billion yuan cathode copper supply contract with Jingyi, securing product orders.
Hailiang Co., Ltd. 2026 Interim Report Net Profit 641 Million Yuan, Down 9.96% Year-on-Year
Hailiang Co., Ltd. released its 2026 interim report, with total operating revenue of 48.941 billion yuan and net profit attributable to the parent company of 641 million yuan, down 9.96% from the same period last year. Net cash flow from operating activities was negative 7.279 billion yuan, a decrease of 6.107 billion yuan compared with the same period last year. The company's asset-liability ratio was 63.85%, gross margin was 4.69%, return on equity was 3.79%, and diluted earnings per share was 0.29 yuan, down 19.44% year-on-year. The number of shareholders was 56,400, and the top ten shareholders held 51.60% of the total share capital.
Jiangnan New Materials Releases 2026 Interim Report with Net Profit of 160 Million Yuan
Jiangnan New Materials released its 2026 interim report on August 28, 2026. During the reporting period, the company achieved total operating revenue of 6.79 billion yuan and net profit attributable to the parent of 160 million yuan. Net cash flow from operating activities was negative 460 million yuan, ranking 30th among peer companies. The company's asset-liability ratio was 65.30%, up 6.42 percentage points from the previous quarter and up 7.17 percentage points from the same period last year. Gross margin was 3.93%, down 0.42 percentage points from the previous quarter and down 0.05 percentage points from the same period last year, with ROE at 8.25%. Diluted earnings per share were 1.10 yuan, total asset turnover was 1.34 times, and inventory turnover was 7.85 times, down 3.37% year on year. The number of shareholders was 20,600, and the top ten shareholders held 63.28% of total share capital.
Tongling Nonferrous Metals reports first-half 2026 net profit of 2.993 billion yuan, up 107.93% year on year
Tongling Nonferrous Metals has released its interim report for the first half of 2026. Total operating revenue was 121.77 billion yuan, an increase of 45.642 billion yuan from the same period last year, up 59.95% year on year, marking a fourth consecutive year of growth. Net profit attributable to the parent company was 2.993 billion yuan, up 107.93% year on year, an increase of 1.553 billion yuan from a year earlier. Net cash inflow from operating activities was 54.39 million yuan, up 68.95% year on year. The company's latest asset-liability ratio was 56.31%, gross margin was 9.28%, return on equity was 7.86%, and diluted earnings per share was 0.22 yuan, up 100.00% year on year. Total asset turnover was 1.16 times, and inventory turnover was 3.19 times. The number of shareholders was 744,400, and the top ten shareholders held 51.61% of the total share capital.
Yunnan Copper's 2026 interim report shows net profit of 1.897 billion yuan, up 29.05% year on year
Yunnan Copper has released its 2026 interim report. The company's total operating revenue was 111.549 billion yuan, up 32.76% year on year. Net profit attributable to the parent company was 1.897 billion yuan, up 29.05% year on year, marking five consecutive years of growth. Net cash flow from operating activities was negative 3.423 billion yuan, an improvement of 485 million yuan compared with the same period last year. The asset-liability ratio was 62.82%, down 2.63 percentage points from the previous quarter. Gross margin was 5.54%, up 1.14 percentage points from the previous quarter, rising for three consecutive quarters. Diluted earnings per share were 0.79 yuan, up 22.14% year on year. The number of shareholders was 231,500, and the top ten shareholders held 51.73% of total share capital.
Tongling Nonferrous Metals' net profit surges 107.93% in first half of 2026
Tongling Nonferrous Metals released its 2026 semi-annual report, achieving operating revenue of 121.715 billion yuan, up 59.98% year on year. Net profit attributable to shareholders of the listed company was 2.993 billion yuan, up 107.93% year on year. The company plans to distribute a cash dividend of 0.60 yuan per 10 shares, tax included, to all shareholders. Second-quarter net profit was 1.654 billion yuan, up 23% quarter on quarter, within the previously guided range of 1.312 billion to 1.812 billion yuan.
Jingyi Shares' 2026 Interim Report Shows Net Profit Down 63.59%
Jingyi Shares released its 2026 interim report, with total operating revenue of 2.781 billion yuan and net profit attributable to the parent company of 3.9533 million yuan, a decrease of 63.59% compared with the same period last year. Net cash flow from operating activities was negative 249 million yuan, a decrease of 45.7991 million yuan from the same period last year. The company's latest asset-liability ratio was 43.51%, gross margin was 2.20%, ROE was 0.31%, and diluted earnings per share was 0.02 yuan. The number of shareholders was 20,600, and the top ten shareholders held 46.80% of the total share capital.
Yunnan Copper's H1 Net Profit Reaches 1.897 Billion Yuan, Up 29.05% Year-on-Year
Yunnan Copper has released its 2026 semi-annual report. In the first half of the year, the company achieved operating revenue of 111.549 billion yuan, up 32.76% year-on-year. Net profit attributable to shareholders of the listed company was 1.897 billion yuan, up 29.05% year-on-year. The performance growth was mainly driven by higher product prices and increased sales volume. The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, tax included.
Yunnan Copper's H1 Net Profit Reaches 1.897 Billion Yuan, Up 29.05% Year-on-Year
Yunnan Copper released its 2026 semi-annual report, achieving operating revenue of 111.549 billion yuan, up 32.76% year-on-year; net profit attributable to shareholders of the listed company was 1.897 billion yuan, up 29.05% year-on-year. The performance growth was mainly due to higher product prices and increased sales volume. The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, tax included. Among this, second-quarter net profit was 1.222 billion yuan, first-quarter net profit was 675 million yuan, and second-quarter net profit rose 80% quarter-on-quarter.
Tongling Nonferrous Metals' first-half net profit up 107.93% year on year; proposes cash dividend of 0.6 yuan per 10 shares
Tongling Nonferrous Metals released its 2026 semi-annual report on August 27. In the first half of the year, it achieved operating revenue of 121.715 billion yuan, up 59.98% year on year, and net profit attributable to shareholders of the listed company of 2.993 billion yuan, up 107.93% year on year. The company also announced a profit distribution plan, proposing a cash dividend of 0.60 yuan per 10 shares, tax included, to all shareholders.
Hailiang Co., Ltd. 2026 Interim Report: New Businesses Accelerate Volume Growth, Forex Losses Drag Net Profit Lower
Hailiang Co., Ltd. released its 2026 interim report. During the reporting period, the company achieved operating revenue of 48.9 billion yuan, up 9.95 percent year on year. However, net profit attributable to the parent company was 641 million yuan, down 9.96 percent year on year, and net profit after deducting non-recurring items was 345 million yuan, a sharp year-on-year decline of 57.49 percent. Revenue growth was mainly driven by higher sales volume and rising raw material prices, but profit came under clear pressure. Financial expenses surged to 526 million yuan, mainly due to increased foreign exchange losses. At the same time, business integration at its European subsidiary generated severance benefits, pushing administrative expenses up 30.68 percent. Net cash outflow from operating activities was 7.279 billion yuan, mainly because of increased inventory build-up and receivables. In terms of business structure, the core copper processing business posted revenue of 43.953 billion yuan, up 29.01 percent year on year. Within this, copper tube revenue was 32.748 billion yuan, up 20.21 percent year on year, while copper foil revenue reached 4.755 billion yuan, a sharp year-on-year increase of 137.18 percent, with gross margin improving to 8.12 percent. Gansu Hailiang achieved net profit of 284 million yuan, and the Indonesia base also turned profitable. Sales of AI thermal-management copper-based materials reached 3,800 tonnes. The company plans to distribute a cash dividend of 0.50 yuan per 10 shares.
Jingyi Co. 2026 interim report: revenue up, net profit down and cash flow under pressure
Jingyi Co. released its 2026 interim report on August 26. During the reporting period, operating revenue reached 2.781 billion yuan, up 16.81 percent year on year, but net profit attributable to the parent company was only 3.9533 million yuan, down 63.59 percent, and non-GAAP net profit was 2.0104 million yuan, down 76.22 percent. Net cash outflow from operating activities was 249 million yuan, widening 22.56 percent year on year, showing a situation of rising revenue without rising profit and a strained capital chain. Revenue from the company's core copper tube processing business was 2.23 billion yuan, accounting for more than 80 percent of total revenue and up 18.93 percent year on year, but gross margin was only 1.38 percent, down 0.65 percentage points. Revenue from copper rod processing was 512 million yuan, up 8.51 percent, with a gross margin of 3.50 percent. The decline in performance was mainly because high copper prices pushed up operating costs, which grew 17.76 percent, outpacing revenue and squeezing gross profit. At the same time, credit impairment losses were relatively large, and research and development spending was halved to 5.74 million yuan. Accounts receivable reached 1.036 billion yuan, and its share of total assets rose to 44.81 percent. Going forward, attention should be paid to copper price fluctuations, cash flow improvement, and collection risks.
Sirui New Materials posts double growth in first-half revenue and net profit, with multi-track expansion opening up growth potential
Sirui New Materials disclosed its 2026 semi-annual report on the evening of August 25. In the first half, it achieved operating revenue of 1.086 billion yuan, up 40.60 percent year on year, and net profit attributable to shareholders of the listed company of 96.0625 million yuan, up 28.53 percent. Among these, the optical module chip base and housing business became the brightest growth driver, with revenue of 112 million yuan, surging 387.78 percent year on year. The liquid rocket engine thrust chamber inner wall business recorded revenue of 31.1535 million yuan, up 33.77 percent. The CT and DR tube components and other businesses recorded revenue of 73.7365 million yuan, up 79.83 percent. The company's traditional medium and high voltage electrical contact materials segment posted revenue of 223 million yuan, with a domestic market share of over 60 percent for copper-chromium electrical contact materials, and it has achieved batch supply of 550 kilovolt and 80 kiloamp high anti-erosion copper-tungsten contacts. During the reporting period, research and development investment was 57.1346 million yuan, up 34.74 percent year on year, and overseas revenue was 263 million yuan, up 46.44 percent.
688102.CG · Capital · Positive First-half revenue and net profit both grew strongly, with optical module chip base and housing revenue surging 387.78%.
Jiangxi Copper's 2026 interim net profit reached 8.632 billion yuan, up 106.77% year on year
Jiangxi Copper released its 2026 interim report. Total operating revenue was 307.155 billion yuan, up 19.53% year on year. Net profit attributable to the parent company was 8.632 billion yuan, up 106.77% year on year, marking a third consecutive year of growth. Net cash inflow from operating activities was 5.814 billion yuan, up 102.49% year on year. The company's asset-liability ratio was 65.48%, gross margin was 5.82%, return on equity was 9.85%, and diluted earnings per share was 2.50 yuan.
Pengxin Resources first-half 2026 net profit 225 million yuan
Pengxin Resources released its 2026 interim report. Total operating revenue was 2.09 billion yuan, net profit attributable to the parent company was 225 million yuan, and net cash inflow from operating activities was 633 million yuan. The company's latest asset-liability ratio was 21.68 percent, gross margin was 30.45 percent, and return on equity was 3.53 percent. Diluted earnings per share were 0.10 yuan. Total asset turnover was 0.27 times, down 25.17 percent from the same period last year. Inventory turnover was 1.02 times, down 41.67 percent from the same period last year. The company had 86,900 shareholders, and the top ten shareholders held 40.50 percent of total share capital.
Sirui Advanced Materials first-half 2026 net profit attributable to parent 96.0625 million yuan
Sirui Advanced Materials released its 2026 interim report. Total operating revenue was 1.086 billion yuan, and net profit attributable to the parent company was 96.0625 million yuan. Net cash flow from operating activities was negative 69.8943 million yuan, a decrease of 62.0657 million yuan compared with the same period last year. The company's asset-liability ratio was 43.00%, gross margin was 23.57%, and return on equity was 4.65%, all lower than the same period last year. Diluted earnings per share were 0.12 yuan, total asset turnover was 0.32 times, and inventory turnover was 2.04 times. The company had 44,000 shareholders, and the top ten shareholders held 61.18% of the total share capital.
Sirui New Materials first-half 2026 net profit 96.06 million yuan, up 28.53% year on year
Sirui New Materials disclosed its 2026 semi-annual report on August 26. In the first half, it achieved total operating revenue of 1.086 billion yuan, up 40.60% year on year. Net profit attributable to the parent company was 96.06 million yuan, up 28.53% year on year. Net profit after deducting non-recurring items was 87.83 million yuan, up 26.04% year on year. Net cash flow from operating activities was negative 69.89 million yuan, compared with negative 7.83 million yuan in the same period last year. Basic earnings per share were 0.124 yuan, and the weighted average return on equity was 4.85%. The company mainly produces high-strength and high-conductivity copper alloy materials and products, medium and high voltage electrical contact materials and products, high-performance chromium metal powder, CT and DR tube components, optical module chip bases and housings, and liquid rocket engine thrust chamber inner walls.
Jiangxi Copper's first-half net profit attributable to parent reaches 8.632 billion yuan, up 106.77% year on year
Jiangxi Copper disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 307.155 billion yuan, up 19.53% year on year. Net profit attributable to shareholders of the listed company was 8.632 billion yuan, up 106.77% year on year. Basic earnings per share were 2.5 yuan. The company said the main reasons for the changes in revenue and performance were changes in prices and sales volumes of its main products.
Jiangxi Copper first-half net profit attributable to parent 8.63 billion yuan, up 106.8% year on year
Jiangxi Copper released its 2026 interim report. First-half net profit attributable to the parent was 8.63 billion yuan, up 106.8% year on year. Operating revenue was 307.15 billion yuan, up 19.5% year on year. Net profit attributable to the parent excluding non-recurring items was 7.56 billion yuan, up 73.7% year on year. Net operating cash flow was 5.814 billion yuan, up 102.5% year on year. Second-quarter net profit attributable to the parent was 5.81 billion yuan, up 161.7% year on year. In the first half, cathode copper output was 1.26 million tonnes, up 5.44% year on year. Copper content in self-produced copper concentrate was 140,000 tonnes, up 37.36% year on year. The company also completed the acquisition of a 100% stake in SolGold.
Jiangxi Copper first-half net profit 8.632 billion yuan, up 106.77% year on year
Jiangxi Copper disclosed its 2026 interim report. In the first half, it achieved operating revenue of 307.155 billion yuan, up 19.53% year on year. Net profit attributable to shareholders of the listed company was 8.632 billion yuan, up 106.77% year on year. Basic earnings per share were 2.5 yuan. The company said the main reasons for the changes in revenue and performance were changes in prices and sales volumes of its main products.
Jiangxi Copper's net profit for the first half of 2026 grew 106.77% year on year
Jiangxi Copper released its semi-annual report for 2026, achieving operating revenue of 307.155 billion yuan, up 19.53% year on year. Net profit attributable to shareholders of the listed company was 8.632 billion yuan, up 106.77% year on year. Second-quarter net profit was 5.814 billion yuan, and first-quarter net profit was 2.818 billion yuan, with second-quarter net profit up 106% quarter on quarter.
Jiayuan Technology first-half net profit 382 million yuan, up 940% year on year
Jiayuan Technology disclosed its semi-annual report. In the first half of 2026, it achieved operating revenue of 7.513 billion yuan, up 89.57% year on year. Net profit attributable to shareholders of the listed company was 382 million yuan, up 940% year on year. Basic earnings per share were 0.58 yuan. The company said that downstream new energy industry prosperity continued to rise, driving steady growth in copper foil market demand and higher gross margins, while fair value gains and investment income from companies it invested in also increased.
Sinomine Resource Group first-half net profit 1.111 billion yuan, up 1146.81% year on year
Sinomine Resource Group reported first-half net profit of 1.111 billion yuan, up 1146.81% year on year. Songfa Shares posted first-half net profit of 3.609 billion yuan, up 457.67%; Gotion High-tech first-half net profit was 1.386 billion yuan, up 278.05%; Zhangyuan Tungsten first-half net profit was 688 million yuan, up 497.38%; Jiayuan Technology first-half net profit was 382 million yuan, up 940%. Far East Smarter Energy subsidiary plans to acquire 80% equity in Fudewangwang for 216 million yuan, Donghong Shares has been pre-selected for a 144 million yuan steel pipe procurement project, and Longjian Road and Bridge jointly won a 333 million yuan engineering project.
Jiayuan Technology's net profit for the first half of 2026 surges 940% year-on-year
Jiayuan Technology released its semi-annual report for 2026, achieving operating revenue of 7.513 billion yuan, up 89.57% year-on-year. Net profit attributable to shareholders of the listed company was 382 million yuan, up 940% year-on-year. Second-quarter net profit was 262 million yuan, while first-quarter net profit was 121 million yuan, meaning second-quarter net profit rose 117% quarter-on-quarter.
Jiayuan Technology's first-half net profit attributable to parent reaches 382 million yuan, up 940% year-on-year
Jiayuan Technology announced that in the first half of 2026, the company achieved operating revenue of 7.513 billion yuan, up 89.57% year-on-year; net profit attributable to shareholders of the listed company reached 382 million yuan, up 940% year-on-year.
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