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Copper miner and smelter operating mines and a refinery in Zambia, majority owned by a Chinese state group.
Copper miner and smelter operating mines and a refinery in Zambia, majority owned by a Chinese state group.
Sells copper cathode and concentrate at prices linked to the London Metal Exchange, so output and the copper price decide revenue. Operations sit in Zambia's Copperbelt, and the controlling shareholder, China Nonferrous Metal Mining Group, is a Chinese state-owned group. It built up its position by buying and developing mines such as Luanshya after 2009.
In one line: A small, Zambia-focused Freeport-McMoRan.
Moat: narrow (scale, installed base). Long-life Zambian copper assets and smelting infrastructure built over two decades, but copper is a commodity business.
Headquarters: Beijing, China (Zambia operations) · Founded: 2007 · Employees: 8,521
Size China Nonferrous Mining (1258.HK) is a Hong Kong Materials company (Other Metals/Minerals) with a market value of $5.73B, the 241st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$11.52 on 6 Nov 2026.
Performance Over six months the shares fell 19.4%, against -21.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +30.5%); the operating margin is 27.8% (peer median 17.3%).
Valuation It trades at 7.4× forward earnings against a peer median of 13.2× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 20.5 points above its cost of capital (9.2% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$30.7B | HK$26.7B | HK$29.8B | HK$28.2B | HK$32.1B |
| Revenue growth | — | -10% | +5% | -12% | — |
| Gross profit | HK$11.3B | HK$8.25B | HK$8.18B | HK$6.86B | HK$6.31B |
| EBITDA | HK$10.4B | HK$7.61B | HK$7.90B | HK$6.82B | HK$6.53B |
| Net income | HK$4.49B | HK$3.15B | HK$3.11B | HK$2.17B | HK$2.09B |
| Free cash flow | HK$9.85B | HK$5.74B | HK$4.50B | HK$3.22B | HK$5.53B |
| Capital expenditure | HK$1.89B | HK$1.89B | HK$1.65B | HK$1.24B | HK$393M |
| Total debt | n/a | HK$701M | HK$371M | HK$1.39B | HK$4.19B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Nonferrous Mining 1258.HK | $5.73B | -19% | +11% | 28% | 7.4× | -14.6% |
| First Quantum Minerals FM.TO | $19.5B | -1% | +28% | 23% | 15.2× | n/a |
| Zijin Mining 2899.HK | $111B | -23% | +21% | 30% | 8.3× | -6.0% |
| Freeport-McMoRan FCX | $85.3B | -4% | 0% | 24% | 14.3× | 16.3% |
| MMG 1208.HK | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1258.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.3% | -13.5% | 2nd lowest of 21 |
| 6-month return | -19.4% | -21.0% | 10th highest of 21 |
| Distance from 52-week high | -39.5% | -46.4% | 8th highest of 21 |
| Revenue growth (TTM) | +10.8% | +30.5% | 4th lowest of 20 |
| Operating margin | 27.8% | 17.3% | 9th highest of 20 |
| Forward P/E | 7.4× | 13.2× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -14.6% | 5.2% | least demanding of 12 |
| Growth delivered (Del g) | +5.8% | +25.5% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | -20.4 pp | -23.5 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +20.5 pp | +5.0 pp | 3rd highest of 21 |
| EV / EBITDA | 3.7× | 6.8× | cheapest of 8 |
| Net debt / EBITDA | -1.4× | -0.4× | 2nd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Nonferrous Mining 1258.HK | Hong Kong | $5.73B | -19% | +11% | 28% | 7.4× | -14.6% | +5.8% |
| Yunnan Chihong Zinc & Germanium 600497.SS | China | $5.76B | -15% | +29% | 10% | 13.8× | 4.4% | +4.6% |
| Xinjiang Daqo New Energy 688303.SS | China | $5.69B | -20% | -23% | -62% | n/a | n/a | n/a |
| Yunnan Tin 000960.SZ | China | $5.66B | -34% | +19% | 8% | 10.8× | 1.9% | -0.5% |
| Nanya New Material Technology 688519.SS | China | $5.90B | -5% | +104% | 17% | 55.2× | n/a | n/a |
| NexGen Energy NXE.TO | Canada | $5.57B | -31% | n/a | n/a | n/a | n/a | n/a |
| Baiyin Nonferrous 601212.SS | China | $5.49B | -35% | 0% | 5% | n/a | n/a | n/a |
| Capstone Copper CS.TO | Canada | $6.01B | -8% | +30% | 32% | 9.4× | 9.8% | +40.2% |
| Sandfire Resources SFR.AX | Australia | $6.20B | -4% | +32% | 32% | 13.3× | 9.2% | +25.8% |
| Inner Mongolia Xingye Silver and Tin Mining 000426.SZ | China | $6.23B | -42% | +38% | 49% | 13.1× | 7.8% | +42.6% |
| MP Materials MP | United States | $6.31B | -47% | +72% | -17% | 248.7× | n/a | n/a |
| PLS PLS.AX | Australia | $6.33B | -56% | +152% | 43% | 10.6× | 2.5% | +61.6% |
| Discovery Mining DSV.TO | Canada | $6.44B | +19% | +684% | 38% | 17.6× | 19.9% | n/a |
| Asia-Potash International Investment (Guangzhou) 000893.SZ | China | $5.08B | -32% | +40% | 36% | 11.6× | -3.3% | +72.1% |
| Aura Minerals AUGO | United States | $6.52B | -5% | +89% | 53% | 10.6× | -6.0% | +25.2% |
| NMDC NMDC.NS | India | $6.55B | -22% | +27% | 27% | 7.4× | 5.2% | +15.8% |
| Yunnan Copper 000878.SZ | China | $5.01B | -28% | +10% | 2% | 11.9× | n/a | n/a |
| Luoyang Shenglong Mining 001257.SZ | China | $5.00B | -19% | +22% | 34% | n/a | 13.4% | +22.4% |
| Aurubis NDA.DE | Germany | $6.73B | -35% | +23% | 6% | 15.1× | n/a | n/a |
| Grinm Advanced Materials 600206.SS | China | $4.85B | +40% | +23% | 2% | 72.2× | n/a | n/a |
| Yunnan Lincang Xinyuan Germanium Industry 002428.SZ | China | $7.09B | +3% | +54% | 13% | 230.8× | n/a | n/a |