Jiangxi Copper’s shares surged 12.2% to HK$40.74 on Wednesday after the company reported a near-doubling of net profit and a 19.5% increase in revenue for the first half of 2026.
The state-owned miner posted attributable net profit of RMB 8.897 billion, up nearly 100% year-over-year, while revenue climbed to RMB 305.854 billion, a 19.5% rise. Basic earnings per share reached RMB 2.58 for the period.
The company attributed its performance to higher prices for core products, particularly copper and gold, alongside increased production volumes across its vertically integrated operations. Jiangxi Copper also disclosed RMB 2.9 billion in asset impairment provisions for the half-year period.
The earnings beat triggered a broad rally in China’s non-ferrous metals sector, with peer companies in copper and base metals posting sharp gains. The Hang Seng Index in Hong Kong advanced as much as 1% in tandem with the sector’s momentum.
