Movement Alert|CMOC Rises 3.68% in Regular Trading, Rebounding on Strong H1 Earnings and Index Inclusion

Market Focus
4 hours ago

On August 26, CMOC rose 3.68% in regular trading, trading at HK$17.44/share, with turnover of HK$93.54 million. The stock rebounded after declining over 3% in the previous session alongside the broader mining sector.

On the news front, the company recently disclosed strong interim results, reporting H1 revenue of RMB 135.32 billion, up 42.78% year-over-year, and attributable net profit of RMB 16.152 billion, surging 86.27%, both setting historical highs for the period. Copper output reached 387,961 tonnes, up 9.73%, maintaining the company's position among the global top-ten copper producers. The board proposed an interim dividend of RMB 0.95 per 10 shares, marking its first-ever mid-year distribution.

Additionally, Hang Seng Indexes announced CMOC's inclusion in the Hang Seng Stock Connect China Enterprises Index, effective September 14, which is expected to attract passive fund inflows. Within the Diversified Metals and Mining sector, peers also gained broadly, with LYGEND RESOURCE up 5.36%, MMG up 3.96%, and ZIJIN MINING up 3.19%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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