Jiangxi Copper Company (358) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 reached RMB307.16 billion, up 19.53% year-over-year, with net profit attributable to shareholders rising 106.77% to RMB8.63 billion.

• Total assets increased 34.10% to RMB293.27 billion, and net assets attributable to shareholders rose 7.82% to RMB87.63 billion as of June 30, 2026.

• The company completed the acquisition of 100% equity in SolGold Plc, significantly expanding overseas resource reserves.

• No interim profit distribution or capital reserve transfer was proposed for the period.

Financial highlights

• Revenue grew 19.53% year-over-year to RMB307.16 billion; net profit attributable to shareholders increased 106.77% to RMB8.63 billion.

• Basic earnings per share doubled to RMB2.50; net cash flow from operating activities rose 102.49% to RMB5.81 billion.

• Gross profit margin improved, and EBITDA interest coverage ratio more than doubled to 15.34.

• Total liabilities increased 54.17% to RMB192.02 billion, mainly due to higher short-term and long-term borrowings.

Outlook and guidance

• The company continues to focus on expanding domestic and overseas resource reserves, with ongoing technical upgrades and international talent development.

• Emphasis on high-end new materials, digital transformation, and green, low-carbon initiatives to drive future growth.