China Molybdenum Co Ltd Class AEarnings forecast shows 78.76%-90.29% net profit growth, driven by higher volumes and prices of copper, molybdenum, tungsten, and consolidation of Brazilian gold business.

CMOC has disclosed its earnings forecast, expecting attributable net profit of 15.5 billion to 16.5 billion yuan in the first half of 2026, representing a year-on-year increase of 78.76% to 90.29%. Deducted non-recurring net profit is expected to be 15 billion to 16 billion yuan, up 71.94% to 83.4% year-on-year. The company stated that the year-on-year improvement in performance was mainly driven by both higher volumes and prices of its main copper products, a significant rise in molybdenum and tungsten product prices, and the consolidation of its Brazilian gold mining business. Based on the closing price on July 10, CMOC's current price-to-earnings ratio is approximately 13.29 to 13.78 times, its price-to-book ratio is about 4.52 times, and its price-to-sales ratio is about 1.65 times.
China Molybdenum Co Ltd Class AEarnings forecast shows 78.76%-90.29% net profit growth, driven by higher volumes and prices of copper, molybdenum, tungsten, and consolidation of Brazilian gold business.