Chengtun Mining Group Co., Ltd. Announces Business Scope Revision and First‑Quarter Profit Surge

Chengtun Mining Group Co., Ltd. (Shanghai Stock Exchange code 600711) disclosed that its board approved a revision of the company’s business scope and amendments to its Articles of Association on 20 April 2026. The change aligns the company’s operating boundaries with its current strategic priorities and expands its product and service range.

1. Business Scope Revision

The revised scope broadens Chengtun’s activities from the previous focus on “mining, mining‑engineering construction, wholesale and retail of mineral products, non‑ferrous metals, spot trading of gold and silver, import‑export of goods and technology, information consulting, sale of intelligent high‑technology products, and asset management” to the following core areas:

  • Mining and processing: ore selection, metal ore sales, non‑metallic minerals and products, metal material sales, alloy sales, and gold‑silver product sales.
  • Manufacturing: high‑performance non‑ferrous metals and alloys, smelting of common and precious metals, and chemical product sales (excluding licensed chemicals).
  • Technology: services, development, consulting, exchange, and transfer of technology.
  • Trade: import and export of goods.
  • Investment: self‑funded investment activities and asset‑management services.

The amendments to the Articles of Association reflect these changes, updating the wording of Article 15 to match the new scope.

2. First‑Quarter Financial Performance

On the same day, the company released its first‑quarter report for the year 2026. Key highlights include:

  • Revenue: 93.54 billion CNY, up 65.08 % YoY.
  • Net profit attributable to shareholders: 10.20 billion CNY, a 250.40 % increase YoY.
  • The profit surge is attributed to higher copper production and sales, a rise in copper prices, and improved operational efficiency that reduced controllable costs.

These figures are consistent with the broader market trend of significant earnings growth reported by several peers in the metals and mining sector during the same reporting period.

3. Market Reaction

The announcement was met with positive market sentiment. The company’s share price, which closed at 14.52 CNY on 20 April 2026, remains within the 52‑week range (high 18.73 CNY, low 5.36 CNY) and reflects investor confidence in the company’s expanded business model and strong profitability.

Summary Chengtun Mining Group Co., Ltd. has updated its business scope and corporate charter to better align with its strategic objectives, while simultaneously reporting a robust first‑quarter performance featuring a 250 % YoY increase in net profit. The changes position the company to capitalize on its core strengths in non‑ferrous metal mining, processing, and technology services, and signal continued growth potential for shareholders.