CITIC Co., Ltd. (00267): CITIC Metals expects net profit of 2.5 billion yuan to 2.75 billion yuan in the first half of the year, an increase of 72.61% to 89.87% year-on-year

Zhitong Finance App News, CITIC Corporation (00267) announced that CITIC Metals Co., Ltd. (hereinafter referred to as the Company) is expected to achieve net profit of 2.5 billion yuan to 2.75 billion yuan in the semi-year 2026. Compared with the same period last year, it will increase 1,052 billion yuan to 1,302 billion yuan, an increase of 72.61% to 89.87% over the previous year.

It is estimated that net profit attributable to owners of the parent company will be 2.52 billion yuan to 2.77 billion yuan in the first half year of 2026. Compared with the same period last year, it will increase 1,135 billion yuan to 1,385 billion yuan, an increase of 81.98% to 100.03% over the previous year.

During the reporting period, the company's overall operating performance achieved a significant year-on-year increase. The main reason was that, on the one hand, the company grasped market segments, dynamically adjusted its business strategy, and actively marketed, and the overall profit level of the trade business increased year-on-year. On the other hand, the production and operation of the Las Bonbas mine project is good, compounding the rise in commodity prices, driving the overall equity profit of the investment project to continue to grow.