China Nonferrous Mining Corp. Ltd. (1258) AI Stock Analysis

• Market Cap: HK$61.26B
• Dividend Yield: 2.28%
• Average Volume (3M): 23.42M
• Price to Earnings (P/E): 17.8
• Beta (1Y): 1.27
• Revenue Growth: -6.03%
• EPS Growth: 37.62%
• Country: HK
• Employees: 8,494
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 0.53
• Shares Outstanding: 3,902,036,000
• 10 Day Avg. Volume: 23,589,661
• 30 Day Avg. Volume: 23,420,814
• PEG Ratio: 0.19
• Price to Book (P/B): 1.16
• Price to Sales (P/S): 0.68
• P/FCF Ratio: 4.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: HK$18.50 ▲(28.38% Upside)

The score is primarily driven by solid financial performance (improving margins, reduced leverage, and strong cash generation). Technicals add support with the stock above key moving averages and positive momentum, while valuation is neutral with a mid-range P/E and a modest dividend yield.

Positive Factors

Free Cash Flow Strength

Sustained free cash flow growth and high operating cash flow relative to net income provide durable liquidity to fund mine maintenance and selective reinvestment without external financing. This strengthens balance sheet flexibility, supports working capital through cycles, and reduces funding risk over the next several quarters.

Improved Leverage

A materially improved debt-to-equity ratio and better equity ratio lower interest burden and financial distress risk. Over a 2-6 month horizon this enhances capacity to finance project development or absorb commodity shocks, enabling strategic optionality without resorting to dilutive capital raises.

Margin Expansion

Rising gross and net margins reflect improved cost control and operational efficiency, translating to higher profitability per unit of output. Sustained margin gains boost cash conversion and ROE, helping the company withstand metal price pressure and invest in productivity over multiple quarters.

Negative Factors

Revenue Volatility

Historical revenue inconsistency, including a notable 2022 decline, indicates sensitivity to operational disruptions or commodity demand/pricing swings. Persistent revenue volatility complicates forecasting, capital allocation and debt servicing decisions, increasing execution risk over the medium term.

Fluctuating Capital Expenditure

Irregular capex patterns create uncertainty in free cash flow timing and magnitude. If investment needs spike unpredictably, it can force additional borrowing or delay discretionary spending, reducing financial flexibility and raising funding risk across forthcoming quarters.

Limited Asset Growth

Only moderate growth in total assets suggests constrained capacity expansion and slower scaling of production. This may limit volume-driven revenue gains and economies of scale, making the company more reliant on efficiency improvements or joint ventures to drive material growth in the medium term.

China Nonferrous Mining Corp. Ltd. Business Overview & Revenue Model

Company Description

China Nonferrous Mining Corporation Limited, an investment holding company, engages in the exploration, mining, ore processing, leaching, smelting, and sale of copper cathodes, blister copper, copper anodes, copper-cobalt alloy, cobaltous hydroxide, and sulfuric acid. It offers copper concentrate for use as raw materials for copper smelter; blister copper for use as raw materials for electrolytic copper plant; copper cathode for use in the production of wires and cables, electrical and electronic products, industrial machinery and equipment, etc.; and sulfuric acid for producing chemical fertilizers. The company also engages in the farming activities. It serves in Mainland China, Switzerland, Singapore, Hong Kong, Luxemburg, and Africa. The company was incorporated in 2011 and is based in Beijing, China. China Nonferrous Mining Corporation Limited is a subsidiary of China Nonferrous Mining Development Limited.

How the Company Makes Money

The company generates revenue primarily through the extraction and sales of nonferrous metals, particularly copper and zinc, which are essential materials for various industrial applications. Key revenue streams include the sale of metal concentrates and refined metals to domestic and international markets. Additionally, China Nonferrous Mining benefits from partnerships with other mining companies and investments in joint ventures, enhancing its operational capabilities and market reach. Factors such as fluctuating metal prices, production efficiency, and regulatory environments play a significant role in influencing the company’s earnings.

China Nonferrous Mining Corp. Ltd. Financial Statement Overview

Summary

Solid fundamentals: strong multi-year revenue and profit growth with improving gross and net margins, reduced leverage, and strong operating/free cash flow generation. Main offsets are revenue volatility (notably a 2022 dip) and fluctuating capital expenditures.

Income Statement

The company has shown a strong revenue growth from 2019 to 2024. The gross profit margin and net profit margin have also improved over the years, indicating enhanced profitability. EBIT and EBITDA margins suggest stable operational efficiency. However, the revenue growth has been inconsistent, with a decline in 2022 before recovering in subsequent years.

Balance Sheet

The debt-to-equity ratio has substantially improved, indicating a strong reduction in leverage and higher financial stability. Return on Equity (ROE) has risen, reflecting better utilization of shareholders' equity. The equity ratio has improved, but the company's total assets have seen only moderate growth.

Cash Flow

Strong free cash flow growth and a robust operating cash flow to net income ratio indicate high cash generation efficiency. The company has maintained solid free cash flow, supporting its operational liquidity and financial health. However, fluctuations in capital expenditures point to potential volatility in future cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.56B	3.82B	3.61B	4.09B	4.05B	2.60B
Gross Profit	1.11B	1.05B	877.46M	807.22M	1.09B	629.44M
EBITDA	956.39M	867.13M	802.64M	830.90M	1.08B	618.66M
Net Income	442.72M	398.50M	277.64M	266.27M	357.12M	124.97M
Balance Sheet
Total Assets	4.68B	4.15B	3.82B	4.02B	4.16B	3.53B
Cash, Cash Equivalents and Short-Term Investments	1.35B	1.02B	602.36M	762.92M	606.75M	497.83M
Total Debt	26.49M	47.77M	177.68M	537.00M	886.24M	1.08B
Total Liabilities	1.45B	1.13B	1.33B	1.69B	1.99B	1.87B
Stockholders Equity	2.35B	2.25B	1.84B	1.66B	1.54B	1.11B
Cash Flow
Free Cash Flow	694.47M	606.42M	432.26M	732.38M	331.88M	340.04M
Operating Cash Flow	888.00M	775.22M	589.28M	782.52M	536.38M	482.45M
Investing Cash Flow	-257.42M	-79.45M	-224.12M	-75.70M	-204.39M	-210.33M
Financing Cash Flow	-309.98M	-173.02M	-604.66M	-579.00M	-225.05M	-249.94M

China Nonferrous Mining Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1258, the sentiment is Positive. The current price of 14.41 is below the 20-day moving average (MA) of 15.49, below the 50-day MA of 15.20, and above the 200-day MA of 10.66, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 50.82 is Neutral, neither overbought nor oversold. The STOCH value of 69.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1258.

China Nonferrous Mining Corp. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0358	74 Outperform	HK$213.03B	19.89	9.95%	3.23%	-4.55%	9.15%
1258	74 Outperform	HK$61.26B	17.76	20.71%	2.28%	-6.03%	37.62%
1818	68 Neutral	HK$128.23B	49.53	15.17%	0.16%	44.37%	125.87%
1208	67 Neutral	$124.93B	32.16	16.36%	―	22.65%	323.84%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0661	56 Neutral	HK$3.40B	-67.86	-1.52%	―	-4.02%	-1500.00%

China Nonferrous Mining Corp. Ltd. Corporate Events

China Nonferrous Mining Resumes Chambishi Southeast Output and Sets 2026 Production Targets

China Nonferrous Mining Corporation Limited has resumed full production at the Chambishi Southeast Mine in Zambia from 1 January 2026, after completing rehabilitation of its main and auxiliary shafts in December 2025 with results meeting expectations. For 2026, the company is guiding for total copper output of about 484,000 tonnes, including 134,000 tonnes of copper cathodes and 350,000 tonnes of blister copper/copper anodes, with blister/anode volumes expected to decline due to planned maintenance shutdowns at the Chambishi and Lualaba copper smelters; it also projects annual output of roughly 155,000 tonnes of copper from its self-owned mines, 900,000 tonnes of sulphuric acid, 100,000 tonnes of liquid sulphur dioxide and 600 tonnes of cobalt contained in cobaltous hydroxide, signaling a return to normalized operations and providing investors with clearer visibility on the group’s production profile for the year.

The most recent analyst rating on (HK:1258) stock is a Buy with a HK$18.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.

China Nonferrous Mining to Take Control of Kazakhstan Copper Miner SM Minerals

China Nonferrous Mining Corporation Limited has agreed to acquire an additional 55% stake in Kazakhstan-based SM Minerals for US$89 million, raising its ownership from 15% to 70% and securing a controlling interest in the copper-focused miner. SM Minerals’ flagship Benkala project in Aktobe Province holds sizable copper resources, with 384 million tonnes of ore containing an estimated 1.58 million tonnes of copper, and is preliminarily designed for an open-pit operation processing 14 million tonnes of ore annually to produce copper concentrate containing about 45,000 tonnes of copper per year; the deal strengthens China Nonferrous Mining’s upstream copper resource base and expands its strategic footprint in Central Asia.

The most recent analyst rating on (HK:1258) stock is a Buy with a HK$18.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.

China Nonferrous Mining Revises Annual Caps Amid Rising Copper Demand

China Nonferrous Mining Corporation Limited announced a revision of its annual caps under the 2023 Huachin Copper Supply Framework Agreement due to anticipated increases in copper demand and prices. This adjustment reflects the company’s strategic response to market conditions, ensuring sufficient capacity to meet the needs of the Huachin Group, and highlights the importance of connected transactions under the Hong Kong Listing Rules.

The most recent analyst rating on (HK:1258) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.

China Nonferrous Mining Launches Major Luanshya Project to Boost Copper Production

China Nonferrous Mining Corporation Limited announced the commencement of a new mining project in Luanshya, Zambia, aimed at extending the life and capacity of the CNMC Luanshya Copper Mines PLC. The project involves significant investment in resource extraction and sulfide ore development, with a total planned investment of approximately US$680 million. This initiative is expected to enhance copper concentrate supply security, generate employment, and stimulate local economic development, ultimately benefiting shareholders.

The most recent analyst rating on (HK:1258) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.

China Nonferrous Mining Announces Rehabilitation and Adjusts 2025 Production Guidance

China Nonferrous Mining Corporation Limited has announced a comprehensive rehabilitation project for the main and auxiliary shafts at its Chambishi Southeast Mine following an incident that resulted in an employee’s death. The rehabilitation, which involves significant structural repairs, is expected to conclude by mid-December, temporarily suspending production. Consequently, the company has adjusted its 2025 production guidance from 160,000 tonnes to 140,000 tonnes due to the temporary suspension of operations.

The most recent analyst rating on (HK:1258) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.

China Nonferrous Mining Announces Board Changes

China Nonferrous Mining Corporation Limited announced a change in its board with the resignation of Mr. Yaoyu Tan as a non-executive director and audit committee member, effective October 28, 2025, due to other business commitments. Mr. Zhijiang Chen, with over 12 years of experience in financial management, has been appointed to fill these roles. This change is expected to bring fresh financial expertise to the company’s board, potentially impacting its strategic financial decisions and strengthening its industry positioning.

The most recent analyst rating on (HK:1258) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.