China Daye Non-Ferrous Metals Mining's HY revenue rises, swings to profit

China Daye Non-Ferrous Metals Mining

31/08/2026 15:37

Overview
China metals miner's interim revenue for six months to June 2026 rose yr/yr
Gross profit for the period more than doubled from prior year
Net income attributable to owners reached RMB442 mln, reversing prior year's loss

Outlook
Daye Metals agrees to sell 100% of Daye Nonferrous Design and Research Institute to China No. 15 for RMB149.409123 mln, closing within 12 months

Result Drivers
HIGHER METAL PRICES – H1 revenue rose 39.6%, mainly driven by higher prices for cathode copper, gold, silver and sulfuric acid
MARGIN IMPROVEMENT – Gross profit more than doubled as raw-material and product mix adjustments, cost cuts and technology upgrades lifted margins

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 40.91 bln
 
H1 Net Income Attributable
 
RMB 442 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)