JCHX Mining Management (603979) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 2.81 billion, up 42.49% year-over-year, with net profit attributable to shareholders at RMB 421.92 million, up 54.10%.

• Growth driven by strong sales of mineral products (phosphate rock, cathode copper, copper concentrate).

• Cash flow from operations surged 614.90% year-over-year to RMB 493.76 million.

Financial highlights

• Operating income: RMB 2.81 billion, up 42.49% year-over-year.

• Net profit attributable to shareholders: RMB 421.92 million, up 54.10% year-over-year.

• Basic EPS: RMB 0.68, up 51.11% year-over-year; diluted EPS: RMB 0.65, up 51.16%.

• Cash flow from operations: RMB 493.76 million, up 614.90% year-over-year.

• Total assets at quarter-end: RMB 18.06 billion, up 6.37% from year-end 2024.

Segment performance

• Mining services revenue: RMB 1.50 billion, down 3.29% year-over-year; gross profit: RMB 346.44 million, down 14.61%.

• Mining resources development revenue: RMB 1.30 billion, up 232.70% year-over-year; gross profit: RMB 588.09 million, up 247.26%.

• Mining services margin declined due to internalization of Lubambe Copper Mine and early-stage Terra Mining consolidation.

• Q1 production: 1.75 million tons copper equivalent, 7.42 million tons phosphate rock.