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China's largest copper producer, mining and smelting copper plus gold, silver and other by-products.
China's largest copper producer, mining and smelting copper plus gold, silver and other by-products.
Earns from mining its own copper ore and from smelting bought-in concentrate, where it keeps the treatment charge paid by miners plus by-product gold, silver and sulphuric acid. A Jiangxi provincial state-owned group controls it, and it holds a large stake in Canada's First Quantum Minerals.
In one line: China's Freeport-McMoRan.
Moat: narrow (scale, installed base). Largest domestic copper mining and smelting scale gives cost and supply advantages.
Headquarters: Nanchang, Jiangxi, China · Founded: 1979 · Employees: 26,740
Size Jiangxi Copper (600362.SS) is a China Materials company (Other Metals/Minerals) with a market value of $14.3B, the 164th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥32.23 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against -23.8% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 13.5% over the last twelve months (peer median +27.6%); the operating margin is 3.8% (peer median 16.0%).
Valuation It trades at 7.2× forward earnings against a peer median of 12.7× (3rd cheapest of 21).
Capital Return on invested capital runs 6.0 points above its cost of capital (6.1% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥591B | CN¥544B | CN¥516B | CN¥522B | CN¥480B |
| Revenue growth | — | +5% | -1% | +9% | — |
| Gross profit | CN¥34.6B | CN¥22.8B | CN¥17.3B | CN¥12.9B | CN¥13.2B |
| EBITDA | n/a | CN¥20.2B | CN¥14.3B | CN¥10.7B | CN¥10.7B |
| Net income | CN¥12.8B | CN¥7.13B | CN¥6.96B | CN¥6.51B | CN¥5.99B |
| Free cash flow | -CN¥2.47B | -CN¥11.1B | -CN¥3.63B | CN¥4.73B | CN¥5.96B |
| Capital expenditure | CN¥4.70B | CN¥4.59B | CN¥6.59B | CN¥6.81B | CN¥5.32B |
| Total debt | CN¥128B | CN¥79.8B | CN¥71.2B | CN¥61.0B | CN¥62.6B |
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 |
|---|---|---|---|---|---|---|
| Jiangxi Copper 600362.SS | $14.3B | -29% | +14% | 4% | 7.2× | n/a |
| Freeport-McMoRan FCX | $85.3B | -4% | 0% | 24% | 14.3× | 16.3% |
| Zijin Mining 601899.SS | $109B | -15% | +16% | 30% | 9.6× | -10.2% |
| Southern Copper SCCO | $143B | -9% | +39% | 59% | 21.5× | 6.8% |
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 | 600362.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.1% | -14.9% | 4th lowest of 21 |
| 6-month return | -29.1% | -23.8% | 8th lowest of 21 |
| Distance from 52-week high | -54.4% | -42.3% | 7th lowest of 21 |
| Revenue growth (TTM) | +13.5% | +27.6% | 5th lowest of 21 |
| Operating margin | 3.8% | 16.0% | lowest of 21 |
| Forward P/E | 7.2× | 12.7× | 3rd cheapest of 21 |
| ROIC minus cost of capital | +6.0 pp | +2.0 pp | 6th highest of 21 |
| Net debt / EBITDA | 1.8× | 0.6× | 2nd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangxi Copper 600362.SS | China | $14.3B | -29% | +14% | 4% | 7.2× | n/a | n/a |
| Korea Zinc 010130.KS | South Korea | $14.4B | -39% | +53% | 8% | 16.2× | n/a | n/a |
| KGHM Polska Miedz KGH.WA | Poland | $14.1B | -27% | +27% | 20% | 6.4× | 1.6% | +9.2% |
| Boliden BOL.ST | Sweden | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% | +10.7% |
| JX Advanced Metals 5016.T | Japan | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% | -18.6% |
| Carpenter Technology CRS | United States | $13.8B | -35% | +10% | 23% | 20.0× | 17.4% | +16.2% |
| South32 S32.AX | Australia | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% | +3.2% |
| China Tungsten & Hightech Materials 000657.SZ | China | $13.2B | -34% | +66% | 16% | 21.0× | n/a | n/a |
| Sumitomo Metal Mining 5713.T | Japan | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% | +13.5% |
| China National Uranium 001280.SZ | China | $17.9B | -29% | +15% | 14% | 47.7× | n/a | n/a |
| Lundin Mining LUN.TO | Canada | $18.1B | -18% | +29% | 36% | 14.1× | 15.2% | +13.9% |
| MMG 1208.HK | Hong Kong | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% | +15.6% |
| First Quantum Minerals FM.TO | Canada | $19.5B | -1% | +28% | 23% | 15.2× | n/a | n/a |
| Western Mining 601168.SS | China | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% | +16.5% |
| Tongling Nonferrous Metals 000630.SZ | China | $9.83B | -20% | +46% | 6% | 10.5× | n/a | n/a |
| Hudbay Minerals HBM.TO | Canada | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% | +15.8% |
| Zhejiang Huayou Cobalt 603799.SS | China | $9.30B | -50% | +38% | 12% | 9.3× | n/a | n/a |
| Hindalco Industries HINDALCO.NS | India | $22.7B | -9% | +20% | 11% | 8.6× | n/a | n/a |
| Lynas Rare Earths LYC.AX | Australia | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% | +14.9% |
| Xiamen Tungsten 600549.SS | China | $8.55B | -37% | +67% | 10% | 13.2× | n/a | n/a |
| ATI ATI | United States | $23.9B | +11% | +9% | 18% | 28.0× | 20.6% | +9.0% |