en.Wedoany.com Reported - Tongling Nonferrous Metals Group Co., Ltd. (000630.SZ) reached a milestone in the capital market on June 15, 2026, with its intraday total market capitalization peaking at 103.387 billion yuan, successfully surpassing the 100 billion yuan mark. The closing market cap stood at 102.717 billion yuan, setting a new all-time high since the company's listing. The stock closed at 7.66 yuan that day, up 7.89% from the previous close, with a total trading volume of 12.4672 million lots and a total turnover of 9.342 billion yuan. This marks a transformative leap for the long-established state-owned enterprise rooted in Anhui, from scale growth to value enhancement.
Located in Tongling City, Anhui Province, Tongling Nonferrous Metals traces its origins back to 1949 when the state initiated the resumption of production at the Tongguanshan mining area. In 1952, the Tongguanshan Mining Bureau was officially established and began operations, making it the first copper industrial production base in New China. The company was listed on the Shenzhen Stock Exchange on November 20, 1996, becoming the first stock in China's copper industry sector. In 2007, it completed a major asset restructuring, achieving the overall listing of its main business. The company's actual controller is the State-owned Assets Supervision and Administration Commission of Anhui Provincial People's Government. After more than 70 years of development, Tongling Nonferrous Metals has grown into a large enterprise group primarily engaged in the mining, smelting, and processing of non-ferrous and non-metallic metals, as well as modern service industries centered on finance and trade. It entered the Fortune Global 500 in 2019.
In terms of main business, Tongling Nonferrous Metals has established a complete non-ferrous metal full industry chain system, covering core segments such as copper resource exploration, mining, ore beneficiation, non-ferrous metal smelting, and deep processing of copper materials. In 2025, the company produced 197,700 tons of copper in self-produced copper concentrate, 1.9548 million tons of cathode copper, and 400,700 tons of processed copper materials. The smelting sub-project of the copper-based new materials project was successfully completed and put into operation, boosting the company's copper smelting capacity to over 2.2 million tons, further highlighting its scale and technological advantages.
In recent years, Tongling Nonferrous Metals has implemented the new development philosophy, improved the green production system across the entire industry chain, and continuously enhanced capacity utilization and product added value. Especially since the start of the "15th Five-Year Plan," the company has anchored its development direction in green, intelligent, and integrated approaches, focusing on its core business, optimizing its layout, and strengthening innovation. Leveraging its complete copper industry chain advantages, the capacity utilization rates of the company's core mines and smelting bases have consistently led the industry, while the market share of high-end copper materials in fields such as new energy and electronic information has steadily increased. At the same time, the company is accelerating its transformation into high-frequency and high-speed application areas such as 5G and Artificial Intelligence, optimizing its market layout, strengthening technological empowerment, and comprehensively advancing resource acquisition, technological upgrades, and green and low-carbon transformation, to accelerate the construction of a world-class enterprise.
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