CMOC posts record second-quarter profit and CMOC stock sits 39.30 percent below its high

CMOC (ISIN CNE100000114) posted record second-quarter profit, while its Shanghai-listed stock stood 39.30 percent below its 52-week high on October 7, 2026. A September 27, 2026 report from Futu said operating revenue reached RMB 68.92 billion in the second quarter of 2026 and net profit attributable to shareholders rose 77.60 percent year over year to RMB 8.39 billion.

Profit growth sets a high bar

The second-quarter revenue figure increased 41.32 percent year over year and 3.79 percent from the first quarter of 2026. Net profit attributable to shareholders climbed 8.15 percent from the first quarter, giving CMOC a second consecutive quarterly increase in the reported bottom line.

The first-half 2026 figures were also substantial. Revenue reached RMB 135.32 billion, up 42.78 percent year over year, while net profit attributable to shareholders rose 86.27 percent to RMB 16.15 billion, according to Futu on September 27, 2026.

Copper growth meets cobalt pressure

CMOC produced 388,000 tonnes of copper in the first half of 2026, up 9.73 percent year over year, while copper sales increased 16.60 percent to 376,200 tonnes. The same report showed cobalt production rising 6.93 percent to 65,300 tonnes, but cobalt sales falling 86.60 percent to 5,727 metric tonnes as export quotas in the Democratic Republic of the Congo affected shipments.

The mix matters for investors because copper supplied both volume growth and a larger earnings base, while cobalt sales remained a direct operational counterweight. Copper gross margin reached 62.88 percent in the first half, up 9.25 percentage points year over year, according to Futu.

Stock remains below its yearly high

CMOC shares on the Shanghai Stock Exchange were last quoted at HKD 15.32 in the finance data snapshot dated October 7, 2026, with a 52-week range of HKD 13.93 to HKD 25.24. The price was 39.30 percent below the high, while the market capitalization stood at HKD 327.8 billion.

CMOC operates across copper, cobalt, molybdenum, tungsten, niobium, phosphate and gold, with assets and trading operations spanning China, Africa, South America and Australia. The company therefore combines strong copper and gold exposure with commodity-price and overseas-operational risks.

EUR 1.74 price holds steady

CMOC stock was trading at EUR 1.74 at Lang & Schwarz on October 7, 2026 at 10:33 a.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 1.74 on October 6, 2026. The primary listing is on the Shanghai Stock Exchange under ticker 603993, while the Hong Kong quotation provides a separate market reference in HKD.

The further course of trading is shown by the continuously updated real-time quote of CMOC stock.

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