According to an announcement on CMOC's official WeChat account on December 3, FTSE Russell announced its quarterly review changes to the FTSE China Index Series, and CMOC was included in the FTSE China A50 Index for the first time.
FTSE Russell, a specialized index service provider under the London Stock Exchange Group, is a leading global index compiler. Its core product, the FTSE China A50 Index, covers four high-growth sectors and consists of the 50 largest stocks by market capitalization from the Shanghai and Shenzhen stock exchanges, tracking the performance of China's core assets in real-time. The index undergoes quarterly reviews in March, June, September, and December each year, and is regarded by many international investors as a precise barometer of the Chinese market.
In the September quarterly review this year, FTSE Russell had included CMOC in the watch list; on December 3, CMOC was selected for the FTSE China A50 Index's constituent list for the first time.
Since the beginning of this year, CMOC has continuously upgraded its organization, improved management efficiency, and implemented cost reduction and efficiency enhancement, achieving record-high performance. In the first three quarters, CMOC's net profit attributable to shareholders reached 14.28 billion yuan, up 72.61% YoY, surpassing the full-year level of the previous year and setting a new historical high for the same period. The company's operational quality further improved, with its exposure to copper increasing. Mine-side operating revenue was 56.594 billion yuan, accounting for nearly 40% of the total. Revenue from the copper segment was 38.618 billion yuan, accounting for over 68% of mine-side revenue, up 3 percentage points QoQ. Meanwhile, the company produced 543,400 mt of copper in the first three quarters, up 14.14% YoY. Based on the median production guidance (the same hereinafter), the completion rate was 86.25%, reaching a record high for the period.
CMOC had previously been included as a constituent stock of the SSE 50 Index, the CSI 300 Index, and the CSI All Share Index. In the latest global top 50 miners (by market capitalization) ranking by Mining.com as of September 30, CMOC rose to 12th place, ranking second among Chinese mining companies.
Due to its excellent ESG practices and performance, CMOC was also included in the FTSE4Good Index Series for the first time in 2024.
