The earnings call highlighted strong financial performance with record profits and robust cash flow. The company demonstrated strategic advancements with acquisitions and improvements in operational efficiency, and maintained strong ESG practices. However, there were challenges in the trading business and cobalt sales due to external factors. Overall, the positive aspects outweigh the lowlights, indicating a strong performance outlook.

Company Guidance

During the first half of 2025, CMOC Group Limited focused on organizational upgrades, cost reduction, and efficiency improvements, resulting in a strong financial performance despite a slight year-over-year (YoY) decline in operating revenue to CNY94.8 billion. The mining segment's operating income increased by 25.64%, while the trading business saw a YoY decline due to a restructuring of low-profitability product lines. EBITDA rose by 23.8% to CNY19.8 billion, and net attributable profit reached CNY8.7 billion, marking a 60% YoY increase. Operating cash flow was robust at CNY12 billion, with a gearing ratio reduction to 50.15% and a return on net assets improvement to 11.7%. The copper and cobalt segment contributed 84% of the gross profit in the mining segment, with copper production increasing by 12.7% to 354,000 metric tons and cobalt production rising by 13.1% to 61,000 metric tons. The company's molybdenum, tungsten, and phosphorus operations showed improvements in production, sales, and gross profit margins. CMOC Group also completed the acquisition of the Ecuadorian gold mine for CAD581 million and maintained its commitment to ESG excellence, with a continued AA MSCI rating and initiatives such as community development projects in the Democratic Republic of Congo. The company aims to achieve carbon neutrality by 2050, with plans for significant investments in energy efficiency and clean energy projects.

Record Net Attributable Profit

Net attributable profit hit a record high of CNY8.7 billion in the first half of 2025, representing a 60% year-over-year increase.

Strong EBITDA Growth

EBITDA increased to CNY19.8 billion, marking a 23.8% year-over-year growth, driven by higher commodity prices and improved sales volumes.

Significant Improvement in Gross Profit Margin

The gross profit margin of the mining segment reached 52%, a year-over-year improvement of nearly 6 percentage points.

Successful Acquisition and New Project in Ecuador

The company completed the acquisition of the Ecuadorian gold mine, marking its first gold-focused mine, with production targeted for 2029.

Robust Cash Flow and Reduced Gearing Ratio

Operating cash flow was CNY12 billion, a year-over-year increase of 11.4%, while the gearing ratio decreased to 50.15%.

Improved ESG Performance and Recognition

CMOC maintained an AA MSCI ESG rating and was listed on the Fortune China 2025 ESG Impact List.

Molybdenum and Tungsten Business Growth

The gross margin for molybdenum products increased by 4.5 percentage points to 38.3%, and tungsten sales saw a 7% year-over-year improvement.

China Molybdenum Co (HK:3993) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HK:3993 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.20 / -	0.153	―	―	―
Aug 22, 2025	2025 (Q2)	0.22 / 0.24	0.164	46.67% (+0.08)	―	―
Apr 26, 2025	2025 (Q1)	0.17 / 0.20	0.109	80.00% (+0.09)	―	―
Mar 22, 2025	2024 (Q4)	0.16 / 0.26	0.294	-10.78% (-0.03)	―	―
Oct 29, 2024	2024 (Q3)	0.14 / 0.15	0.089	72.84% (+0.06)	―	―
Aug 23, 2024	2024 (Q2)	0.19 / 0.16	0.022	650.00% (+0.14)	―	―
Apr 29, 2024	2024 (Q1)	0.13 / 0.11	0.016	566.67% (+0.09)	―	―
Mar 22, 2024	2023 (Q4)	0.23 / 0.29	0.038	668.57% (+0.26)	―	―
Oct 27, 2023	2023 (Q3)	0.17 / 0.09	0.06	47.27% (+0.03)	―	―
Aug 25, 2023	2023 (Q2)	0.05 / 0.02	0.12	-81.82% (-0.10)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HK:3993 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 22, 2025	HK$10.66	HK$10.79	+1.22%
Oct 29, 2024	HK$6.51	HK$6.32	-2.96%
Aug 23, 2024	HK$6.20	HK$6.14	-0.94%
Apr 29, 2024	HK$7.16	HK$6.96	-2.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does China Molybdenum Co (HK:3993) report earnings?

China Molybdenum Co (HK:3993) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is China Molybdenum Co (HK:3993) earnings time?

China Molybdenum Co (HK:3993) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of China Molybdenum Co stock?

The P/E ratio of China Molybdenum Co is N/A.

What is HK:3993 EPS forecast?

HK:3993 EPS forecast for the fiscal quarter 2025 (Q3) is 0.2.

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