Jiangxi Copper Company (358) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was RMB256.96 billion, down 4.94% year-over-year, while net profit attributable to shareholders rose 19.78% to RMB4.45 billion under IFRS and 15.42% to RMB4.18 billion under PRC GAAP.

• Total assets increased 28.34% to RMB247.86 billion, and net assets attributable to shareholders grew 2.44% to RMB79.85 billion as of June 30, 2025.

• Interim dividend of RMB0.40 per share (tax inclusive) was proposed, totaling approximately RMB1.38 billion, representing 33.08% of net profit for the period.

Financial highlights

• Profit before tax increased 12.10% year-over-year to RMB5.71 billion.

• Basic earnings per share rose to RMB1.29 (IFRS) and RMB1.21 (PRC GAAP), up 19.78% and 15.24% respectively; return on net assets (weighted average) increased by 0.18 percentage points to 5.29%.

• Net cash flow from operating activities was RMB2.87 billion, a significant turnaround from a negative RMB4.85 billion in the prior year.

• EBITDA interest coverage ratio improved to 7.35, and the asset-liability ratio rose to 63.72%.

Outlook and guidance

• The company expects to maintain stable operations, continue strategic resource investments, and focus on technological innovation and green development.

• No material changes in business development prospects since the 2024 annual report.