cmoc group limited Q3 net income increased by 64.12%, copper related business gross margin increased by 15.81% | Financial Report Insights
In the third quarter, the gross margin of copper mining and processing business increased by 15.81% year-on-year, while the gross margin of phosphate fertilizer business increased by 8.29% year-on-year. The net income of cmoc group limited was 2.856 billion yuan, a year-on-year increase of 64.12%, with a total revenue of 51.936 billion yuan, up 15.53% year-on-year.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.
The tungsten sector supports performance, xiamen tungsten's H1 revenue decreased and profit increased. Tungsten companies welcome a wave of price increases|interpretations
①Benefiting from the high tungsten price and despite a decrease in revenue, Xiamen Tungsten achieved increased profits in the first half of the year; ②After the tungsten price rebounded, tungsten enterprises followed suit and ushered in a wave of price increases.
Mid-day overview | All three major indices collectively rose by over 1%, with jd.com leading the network technology stocks with a rise of over 7%, while Alibaba rose by about 3% after its earnings announcement.
Most of the network technology stocks rose, JD.com rose more than 7%, Baidu rose more than 3%, Alibaba rose nearly 3%, Meituan rose more than 2%, and Tencent rose more than 1%.
Futu Morning News | Strongly recommended by Morgan Stanley! Tesla up nearly 6%; interest rate cut expectations rise, US bonds will see the longest consecutive rise in three years in July.
As the expectation of interest rate cuts rises, US bonds are expected to see the longest consecutive increase in three years in July; Goldman Sachs: Hedge funds are "surrendering" the sale of industrial stocks and continuing to rotate into energy and material stocks; Trump and Harris are competing to promote cryptocurrencies, and after the impact of bitcoin reached 0.07 million US dollars, it fell back.
CMOC Group Limited: H1 net profit is expected to increase by more than six times. It is highly likely that copper mineral production this year will exceed the upper limit of the annual guidance. | Speed read announcement
Thanks to the release of production capacity of two copper-cobalt mines in Congo (Kinshasa) and high copper price, CMOC Group Limited's net income in H1 is expected to increase by more than six times; Company personnel stated that copper production in the first half of the year has reached almost 60% of the annual target, and it is expected to exceed the upper limit of the annual guidance this year.