CMOC earnings date and guidance
CMOC's next results are expected on October 23, 2026. The key watch is whether operating cash keeps pace with production.
What has CMOC guided for 2026?
CMOC has promised more production in 2026, but production is only the first step toward cash.
The copper target requires the second half to do either slightly less than, or more than, the first half’s work, depending on where the annual range lands. Capacity describes a plant’s eventual operating speed, not what it will produce immediately. The guidance table sets out the ranges for metals, fertilizer and physical trade volume across periods.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Copper metal (tonnes) | 2026 | 760,000 | 820,000 | Aug 19, 2026 |
| Cobalt metal (tonnes) | 2026 | 100,000 | 120,000 | Aug 19, 2026 |
| Gold (oz) | 2026 | 192,904 | 257,206 | Aug 19, 2026 |
| Molybdenum metal (tonnes) | 2026 | 11,500 | 14,500 | Aug 19, 2026 |
| Tungsten metal (tonnes) | 2026 | 6,500 | 7,500 | Aug 19, 2026 |
| Niobium metal (tonnes) | 2026 | 10,000 | 11,000 | Aug 19, 2026 |
Did CMOC keep its past production promises?
The previous copper result shows why guidance needs testing against delivery. In 2025 CMOC produced 741,149 tonnes, or 118% of its guidance midpoint. That indicates strong execution, but it may also indicate conservative guidance. The next question is whether that operational strength becomes earnings.
What is CMOC's revenue and profit trend?
Quarterly revenue reached RMB68,916.69047487 million, approximately 41.3% above June 2025. Net income increased 77.6%. Gross margin rose from 20.0% to 23.1%, though it remained below December 2025’s 28.6%.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68,916.69047487 | 66,403.19512335 | 61,198.43701557 | 50,712.70826466 | 48,766.57469912 | 46,005.92907108 | 58,274.06000543 | 51,936.1731408 |
| Gross margin | 23.1% | 22.9% | 28.6% | 23.5% | 20.0% | 22.3% | 13.7% | 16.1% |
| Operating income | 13,529.16836285 | 12,202.01723902 | 11,166.32422935 | 9,201.90484204 | 8,649.49293619 | 6,309.96805514 | 8,504.37325315 | 5,615.2727496 |
| Net income | 8,392.13336507 | 7,760.0541203 | 5,786.0437096 | 5,608.39712336 | 4,725.23499641 | 3,946.0250811 | 5,207.1943804 | 2,855.65821731 |
| EPS, diluted | 0.36 | 0.26 | 0.18 | 0.14 | ||||
| Cash from operations | 5,004.47190797 | 11,329.21882744 | 4,978.90052854 | 3,855.4918599 | 10,694.8235165 | 1,313.84480384 | 15,105.77393493 | 6,501.58941716 |
What this means. The blank earnings-per-share cells do not mean zero profit; the filings did not show enough information to calculate a separate quarterly figure.
What should investors watch in CMOC's next results?
The first checkpoint is 23 October 2026, when CMOC’s board is scheduled to consider nine-month results. The reader should compare production with guidance, then ask whether operating cash keeps pace. A rising stockpile can make output look strong while absorbing money needed by contractors or lenders.