CMOC Group (3993) Q1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders surged 90.47% year-over-year, driven by higher copper and cobalt prices and improved cost management.

• Operating revenue remained stable at RMB 46.0 billion, a slight decrease of 0.25% compared to the same quarter last year.

• Output of major products, especially copper and cobalt, achieved year-over-year growth, with copper production up 15.65%.

• The company maintained its ESG leadership, being listed in the S&P Global Sustainability Yearbook (China) 2025 for the third consecutive year.

Financial highlights

• Net profit attributable to shareholders: RMB 3.95 billion, up 90.47% year-over-year.

• Net profit after deduction of nonrecurring items: RMB 3.93 billion, up 87.82% year-over-year.

• Basic and diluted EPS: RMB 0.18, up 80% year-over-year.

• Net cash flow from operating activities: RMB 1.31 billion, down 76.02% year-over-year.

• Total assets: RMB 181.44 billion, up 6.58% from year-end 2024.

Outlook and guidance

• Main operating indicators exceeded expectations, with a strong start to the year due to favorable market conditions and higher product prices.