CMOC Group (3993) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 reached RMB 66.40 billion, up 44.34% year-over-year, driven by higher product prices and increased output and sales volumes.

• Net profit attributable to shareholders surged 96.65% year-over-year to RMB 7.76 billion.

• Major product segments, especially copper and cobalt, saw significant improvements in both production and sales volumes.

Financial highlights

• Total profit for Q1 2026 was RMB 12.17 billion, up 93.72% year-over-year.

• Net cash flow from operating activities increased 762.30% year-over-year to RMB 11.33 billion.

• Basic and diluted EPS both doubled to RMB 0.36 per share.

• Owners’ equity rose 8.16% from year-end 2025 to RMB 89.16 billion.

• Total assets increased 11.33% from year-end 2025 to RMB 223.69 billion.

Outlook and guidance

• Growth attributed to rising commodity prices, improved production, and operational management.

• Recent acquisitions and certifications expected to further enhance resource reserves and global market participation.