Shares of Jiangxi Copper surged 12.2% on Wednesday after the Chinese miner reported a nearly 100% year-over-year increase in first-half net profit, driven by higher metal prices and production growth.
The Hong Kong-listed producer posted net profit attributable to shareholders of RMB 8.897 billion for the six months ended June 30, 2026, compared with RMB 4.54 billion in the same period a year earlier. Revenue rose 19.5% to RMB 305.854 billion, while basic earnings per share totaled RMB 2.58.
The company’s performance reflected a sharp rise in copper and gold prices, alongside volume growth across its vertically integrated operations. Asset impairment charges of RMB 2.9 billion were largely overshadowed by the overall profit improvement, according to market observers.
Jiangxi Copper’s stock reached HK$ 40.74 during the session, extending gains across China’s non-ferrous metals sector. Competitors in copper and basic metals also posted significant advances as the rally broadened.
The Hang Seng index in Hong Kong climbed as much as 1% during the day, reflecting improved sentiment in the region’s metals-heavy equity segment.
