China Daye Non-Ferrous Metals Mining (661) H1 2025 earnings summary

Executive summary

• Interim report for the period ended 30 June 2025, with unaudited financials presented in RMB thousands.

• Revenue for the six months ended 30 June 2025 declined 10.72% year-over-year to RMB 29,306,100, mainly due to increased smelting capacity, tight copper concentrate supply, and lower product output.

• Gross profit dropped 37.41% to RMB 514,200, reflecting narrowing margins.

• Net loss attributable to owners was RMB 9,900, compared to a profit of RMB 77,400 in the prior year.

• The company focused on cost control, operational efficiency, and technological innovation, with significant progress in digitalization and intelligent mine construction.

Financial highlights

• Revenue for the period was RMB 29,306,100, down from RMB 32,825,200 year-over-year.

• Gross profit: RMB 514,200, down from RMB 821,600 year-over-year.

• Net loss: RMB 5,800, compared to a profit of RMB 147,800 last year.

• Basic loss per share: RMB (0.06) fen, compared to earnings per share of RMB 0.43 fen last year.

• Total assets as of 30 June 2025 stood at RMB 18,641,785.

Segment performance

• Mining operations include Tonglvshan Mine, Tongshankou Mine, Fengshan Mine, and Sareke Copper Mine.

• Copper cathode sales were RMB 23,050,000, down from RMB 27,740,000 year-over-year.

• Gold and other gold products sales increased to RMB 3,020,000 from RMB 1,530,000.

• Silver and other silver products sales decreased to RMB 2,130,000 from RMB 2,850,000.

• Sulphuric acid and concentrate sales rose to RMB 569,000 from RMB 163,000.