CMOC Group Limited (CMOC) released the unaudited financial report for the third quarter ending on September 30, 2024. The report shows that the revenue reached 5193.6 billion RMB, a year-on-year increase of 15.53%, while the net profit attributable to shareholders of the listed company was 2.856 billion RMB, a significant year-on-year increase of 64.12%. The net profit after deducting non-recurring gains and losses reached 2.927 billion RMB, a year-on-year increase of 157.76%. The basic earnings per share and diluted earnings per share were both 0.14 RMB, representing a 75% year-on-year increase. Additionally, the net cash flow from operating activities was 17.281 billion RMB, up by 71.10% year-on-year. During the reporting period, the sales volume of the company's main products, copper...Show More

CMOC Group Limited (CMOC) released the unaudited financial report for the third quarter ending on September 30, 2024. The report shows that the revenue reached 5193.6 billion RMB, a year-on-year increase of 15.53%, while the net profit attributable to shareholders of the listed company was 2.856 billion RMB, a significant year-on-year increase of 64.12%. The net profit after deducting non-recurring gains and losses reached 2.927 billion RMB, a year-on-year increase of 157.76%. The basic earnings per share and diluted earnings per share were both 0.14 RMB, representing a 75% year-on-year increase. Additionally, the net cash flow from operating activities was 17.281 billion RMB, up by 71.10% year-on-year. During the reporting period, the sales volume of the company's main products, copper and cobalt, increased, and overall costs were reduced through lean management. The main shareholders of the company include Hongshang Industrial Holdings Group Limited and Luoyang Mining Group Limited, holding 24.69% and 24.68% respectively. Progress was made in the TFM West Area and KFM Phase II new projects in the Democratic Republic of the Congo during the reporting period, and an agreement was signed for the Nzilo II hydropower station project to support capacity expansion. The company's ESG performance has also been acknowledged with MSCI ESG rating of AA and EcoVadis gold rating.