Tongling Nonferrous Metals Group (000630) H1 2025 earnings summary

Executive summary

• Revenue rose 6.39% year-over-year to ¥76.08 billion, but net profit attributable to shareholders fell 33.94% to ¥1.44 billion due to higher income tax from overseas subsidiary dividend adjustments.

• Operating cash flow dropped 83.35% year-over-year, mainly due to increased inventory.

• The company remains a leading integrated copper producer with strong scale, technology, and full industry chain advantages.

• No interim dividend, bonus shares, or capital increase from reserves planned for the half-year.

Financial highlights

• Operating income: ¥76.08 billion, up 6.39% year-over-year.

• Net profit attributable to shareholders: ¥1.44 billion, down 33.94% year-over-year.

• Basic EPS: ¥0.11, down 35.29% year-over-year.

• Operating cash flow: ¥379 million, down 83.35% year-over-year.

• Total assets: ¥90.84 billion, up 12.22% from year-end.

Outlook and guidance

• Copper market expected to remain volatile, with supply supported by lower global mine output and resilient demand from new energy sectors.

• The company will focus on high-quality, sustainable growth, cost control, and risk management.

• Ongoing implementation of the “Quality and Return Double Improvement” action plan, emphasizing investor relations and social responsibility.