CMOC stock gained 0.78 percent as H1 profit jumped 86.27 percent

Published on 10/07/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CMOC stock reported CNY 135.32 billion in H1 revenue on September 22, 2026, up 42.78 percent year over year. Cobalt sales fell 87.60 percent as quotas constrained exports.

CMOC, CNE100000114, Illustration mit AI erstellt.

CMOC stock was last at CNY 16.88 on the Shanghai Stock Exchange on September 30, 2026, up 0.78 percent from the prior session. The stronger operating picture behind the valuation is the company's H1 2026 revenue of CNY 135.32 billion, which rose 42.78 percent year over year, according to Futu on September 22, 2026.

Profit growth outpaced revenue

Net profit attributable to shareholders reached CNY 16.15 billion in H1 2026, an increase of 86.27 percent year over year. Q2 revenue came to CNY 68.917 billion, up 41.32 percent year over year and 3.79 percent from Q1, while quarterly net profit rose 77.60 percent year over year to CNY 8.392 billion, Futu reported.

Copper remained the main earnings engine. H1 copper revenue increased 26.44 percent to CNY 32.518 billion, while copper gross profit reached CNY 20.447 billion and the segment gross margin improved by 9.25 percentage points year over year.

Cobalt adds an important constraint

The earnings mix also shows why CMOC's headline profit growth needs a closer read. H1 cobalt production rose 6.93 percent to 65,300 tonnes, but sales dropped 87.60 percent to 5,727 tonnes as export quotas in the Democratic Republic of the Congo restricted shipments, according to Futu.

That contrast makes product prices and inventory conversion central to the next earnings assessment. In H1, cobalt prices increased 94.22 percent year over year, while cobalt inventory reached 168,400 tonnes, up 54.75 percent from year-end.

Consensus target remains above the stock

MarketScreener lists a Buy consensus from 14 analysts, with an average target of CNY 24.95, a high target of CNY 31.00 and a low target of CNY 17.00. Against the CNY 16.88 price on September 30, 2026, the average target lies 47.8 percent above the price.

The market is therefore balancing rapid earnings growth against commodity and operating risks. MarketScreener reported on September 22, 2026, that Xiamen Tungsten sought CNY 116 million in a joint venture dispute involving CMOC.

CMOC stock stays below its yearly high

CMOC stock was last at CNY 16.88 on September 30, 2026, with a 52-week range of CNY 14.73 to CNY 28.78. Market capitalization stood at CNY 361.1 billion and volume reached 78,078,208 shares on that session.