Jiangxi Copper Company (358) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 139.12 billion, up 25.39% year-over-year, with net profit attributable to shareholders at RMB 2.82 billion, a 44.31% increase year-over-year.

• Operating cash flow surged 888.28% year-over-year to RMB 5.51 billion, reflecting strong cash generation.

• Growth was driven by improved management, operational efficiency, and higher product prices.

Financial highlights

• Total assets at March 31, 2026 were RMB 259.92 billion, up 18.85% from year-end 2025; equity attributable to shareholders rose 3.49% to RMB 84.11 billion.

• Gross margin improved as revenue growth outpaced cost increases; operating profit was RMB 4.05 billion, up from RMB 2.42 billion a year ago.

• Basic EPS was RMB 0.82, up 43.86% year-over-year.

• Total profit for Q1 2026 was RMB 4.03 billion, up 64.86% year-over-year.

• Net profit after non-recurring items was RMB 3.13 billion, up 26.30% year-over-year.

Outlook and guidance

• Management expects continued benefit from strengthened management, operational enhancements, and favorable commodity prices.