Chengtun Mining released its first-quarter report on April 20, showing total operating revenue of 9.354 billion yuan, up 65.08% year-on-year, and net profit attributable to shareholders of Yuan 1.02 billion, up 250.40% year-on-year. The company attributed the strong Q1 performance mainly to increased production and sales of its core copper products, higher copper prices, improved operational efficiency, and lower controllable costs.
In its 2025 annual report, Chengtun Mining stated that it is committed to the development and utilization of energy metals, particularly those used in new energy batteries, while also expanding into precious metals such as gold. The company focuses on copper, nickel, cobalt, and gold, with core business segments covering energy metals, base metals, metal trading, and others. For 2026, the company's production targets are as follows: achieving copper product production of 230,000 tonnes in metal content; cobalt product production of 15,000 tonnes in metal content; nickel product production of 60,000 tonnes in metal content; zinc product production of 300,000 tonnes in metal content; and gold product production of 380 kilograms.
Written by Cora Ji, jiruyan@mysteel.com
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