North Copper Shanxi Co Ltd

Northern Copper Industry released its 2026 interim report. The company's total operating revenue was 21.693 billion yuan, up 69.33% year-on-year, and net profit attributable to the parent company was 1.396 billion yuan, up 186.61% year-on-year. Net cash inflow from operating activities was 1.075 billion yuan, an increase of 1.952 billion yuan compared with the same period last year. The company's asset-liability ratio was 62.36%, down 4.47 percentage points from the same period last year; gross margin was 12.72%, up 3.74 percentage points year-on-year; ROE was 17.66%, up 10.20 percentage points year-on-year. Diluted earnings per share were 0.73 yuan, up 186.33% year-on-year.

On the evening of August 26, multiple listed companies released positive announcements. Jiamusi Electric Machine said its nuclear power business is currently at full production, and the new multifunctional high-temperature high-pressure nuclear main pump full-flow test bench project, with an investment of 381 million yuan, has been completed, with comprehensive testing capability leading in China. Kinwong Electronic expects to make more positive progress with North American hyperscale cloud provider customers by 2027. Hengtong Optic-Electric's net profit in the first half of the year rose 93.38% year on year, and revenue from its optical communications business grew more than 130% year on year. Hua Hong Semiconductor's net profit in the first half of the year rose 436.69% year on year, with shipments hitting a record high. Lianxun Instruments' net profit in the first half of the year rose 903% year on year, and it plans to transfer 4.8 shares for every 10 shares from capital reserve. New China Life Insurance's net profit in the first half of the year rose 54% year on year, and it plans to pay a cash dividend of 0.73 yuan per share. Shennan Circuits' net profit in the first half of the year was 2.251 billion yuan, up 65.55% year on year. Yili Group plans to buy back shares for no less than 1 billion yuan and no more than 2 billion yuan. Leaderdrive's net profit in the first half of the year rose 31.25% year on year, and its embodied intelligent robot business grew substantially in scale. Northern Copper's net profit in the first half of the year was 1.396 billion yuan, up 186.61% year on year. Dapu Microelectronics signed a sales order for enterprise-grade PCIe SSDs worth 515 million US dollars, accounting for 152.70% of its 2025 main business revenue. COSCO Shipping Specialized Carriers' net profit in the first half of the year was 1.371 billion yuan, up 66.24% year on year.

Northern Copper Industry disclosed its 2026 interim report on the evening of August 26. In the first half, it achieved revenue of 21.693 billion yuan, up 69.33% year on year, and net profit attributable to the parent of 1.396 billion yuan, up 186.61% year on year. Second-quarter net profit was 781 million yuan, up 5.73 times year on year and up 27.0% quarter on quarter. The company said copper prices fluctuated at high levels in the first half, with domestic spot monthly copper prices ranging from 91,600 yuan per tonne to 113,900 yuan per tonne. In terms of capacity, the company's own mines process 9 million tonnes of ore per year, produce 43,000 tonnes of copper contained in self-produced copper concentrate, and have cathode copper capacity of 320,000 tonnes per year, along with an integrated industrial chain from mining to rolling and processing. On resource reserves, as of the end of 2025, the Tongkuangyu mine retained copper ore resources of 204.664 million tonnes above the 80-metre elevation, containing 1.2501 million tonnes of copper metal. The company also plans to extend downstream, increase the proportion of gold concentrate purchased, raise gold output, and boost the production share of mid-to-high-end copper strip products and treated foil within rolled copper foil.

Northern Copper disclosed its earnings forecast, expecting net profit attributable to the parent company of 1.315 billion to 1.413 billion yuan in the first half of 2026, a year-on-year increase of 170% to 190%. Deducted non-recurring net profit is expected to be 1.303 billion to 1.401 billion yuan, up 173.32% to 193.75% year-on-year, with basic earnings per share of 0.69 to 0.742 yuan. The company is mainly engaged in the mining, beneficiation, smelting, and rolling processing of copper metal. The performance growth is mainly due to the year-on-year increase in market prices of non-ferrous metal products in the first half of the year, as well as the company's strengthened internal management and cost reduction and efficiency improvement.