Yunnan Copper Co., Ltd. (000878.SZ) Bundle
Rooted in Kunming since its founding in 1958, Yunnan Copper Co., Ltd. has grown into the third-largest copper producer in China, operating a vertically integrated chain from mining through smelting and refining to deliver copper cathodes, rods, sulfuric acid and precious metals while employing over 9,000 people; with revenues of approximately $19.8 billion in 2023 and a strategic push to boost exports by 20% by 2025, the company's mission to harness advanced technology and sustainable practices, its vision of global competitiveness and environmental stewardship, and its core values of integrity, innovation, collaboration and excellence drive continuous improvement across operations, community engagement and shareholder value.
Yunnan Copper Co., Ltd. (000878.SZ) - Intro
Yunnan Copper Co., Ltd., headquartered in Kunming, Yunnan Province and established in 1958, is a vertically integrated leader in China's copper industry. As the country's third-largest copper producer, the company spans mining, smelting and refining, supplying copper cathodes, copper rods, sulfuric acid and by-product precious metals such as gold and silver. In 2023 Yunnan Copper reported revenues of approximately $19.8 billion USD and employs over 9,000 people, reflecting its scale and strategic role in China's nonferrous metals sector. For a broader corporate context see: Yunnan Copper Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money- Headquarters: Kunming, Yunnan Province
- Founded: 1958
- 2023 Revenue: ~$19.8 billion USD
- Employees: >9,000
- Industry position: 3rd-largest copper producer in China
- Business model: Vertically integrated - mining, smelting, refining
| Metric | Detail |
|---|---|
| Primary Products | Copper cathodes, copper rods, sulfuric acid, gold, silver |
| Business Segments | Mining, Smelting, Refining, By-product recovery |
| 2023 Revenue (USD) | $19.8 billion |
| Employees | Over 9,000 |
| Market Position (China) | 3rd-largest copper producer |
Mission
Yunnan Copper's mission emphasizes stable, efficient and sustainable provision of base and precious metals to support industrial development, regional economic growth and shareholder value. Operational priorities tied to this mission include:- Secure, efficient upstream raw-material supply through owned and partnered mines
- Maintain high-yield smelting and refining to maximize metal recovery and by-product value
- Deliver reliable product quality and timely supply to industrial and trading customers
Vision
The company's vision focuses on becoming a world-class, modern nonferrous metals enterprise that integrates resource advantages in Yunnan with advanced green metallurgy and global market presence. Key strategic aims under the vision are:- Deepen vertical integration to improve margins and risk control across the value chain
- Expand value capture from by-products (gold, silver, sulfuric acid) to diversify revenue
- Adopt low-carbon, circular practices to align with national and global sustainability targets
Core Values
Yunnan Copper's corporate culture and decision-making are guided by core values that align operational discipline with stakeholder responsibilities:- Safety First - protect personnel and assets across mining and smelting operations
- Operational Excellence - continuous improvement in recovery rates, energy efficiency and cost control
- Environmental Stewardship - reduce emissions, manage tailings responsibly, and increase resource recycling
- Integrity & Compliance - rigorous governance, regulatory compliance and transparent reporting
- Employee Development - train and retain technical talent among the company's >9,000 workforce
- Customer Orientation - stable supply, product quality and partnerships with industrial consumers
How Mission, Vision & Values Translate into Measurable Actions
- Capital allocation prioritizes upgrading smelting/refining facilities and tailings management to boost recovery and environmental performance.
- Operational KPIs track throughput, metal recovery rates, by-product sales and energy consumption per tonne of refined copper.
- Revenue mix optimization increases the contribution of value-added products (copper rods, refined precious metals and sulfuric acid) to total sales - contributing to the reported ~$19.8B in 2023.
- Human-capital initiatives focus on technical training and safety certifications for the company's workforce of over 9,000 employees.
Yunnan Copper Co., Ltd. (000878.SZ) - Overview
Yunnan Copper Co., Ltd. (000878.SZ) positions itself as an integrated copper-focused metals group whose mission centers on becoming a leading global copper producer by leveraging advanced technology and sustainable practices. The company's mission emphasizes innovation, high‑quality production, environmental responsibility and maximizing shareholder value while contributing to the economic development of local communities. Over time, the mission has evolved to put greater emphasis on environmental sustainability, community engagement and the integration of digital and process‑technology advancements to maintain industry leadership.- Mission pillars: technology-driven production improvements, sustainable operations, high product quality, community economic contribution, and shareholder value maximization.
- Strategic priorities: modernization of smelting and refining processes, waste and emissions reduction, supply-chain resilience, and expanding downstream capacity.
- Stakeholder focus: investors, employees, local communities in Yunnan province, and customers in global copper markets.
| Metric | Value (Latest reported) | Notes |
|---|---|---|
| Revenue | RMB 82.3 billion | Consolidated operating revenue reflecting mining, smelting, and downstream sales |
| Net profit (attributable) | RMB 4.1 billion | Post-tax profit attributable to shareholders |
| Total assets | RMB 162.5 billion | Includes mining rights, plant & equipment, and investments |
| Annual refined copper production (cathode) | ~520,000 tonnes | Reflects integrated smelting & refining throughput capacity |
| Copper concentrate processed | ~6.8 million tonnes | Feedstock for smelters (own mine output + purchased concentrate) |
| CO2 emissions reduction target | 30% reduction vs. baseline within multi‑year plan | Targets tied to energy efficiency and renewables integration |
| Capital expenditure (most recent year) | RMB 6.7 billion | Investment in smelter upgrades, tailings management and digitalization |
- Technology & innovation: deployment of advanced flotation, leaching and smelting technologies, and digital process controls to raise recovery rates and reduce energy intensity.
- Environmental responsibility: investments in wastewater treatment, tailings re‑management, sulfur capture and desulfurization systems aimed at lowering emissions and improving resource efficiency.
- Community engagement: local employment, infrastructure projects and procurement policies that prioritize regional suppliers to support Yunnan province economic development.
- Shareholder value: disciplined capital allocation-balancing capex for capacity/efficiency upgrades, prudent leverage management, and returns to shareholders.
| KPI | Recent Result | Mission Link |
|---|---|---|
| Copper recovery rate | ~92% | Reflects technology-driven production quality improvements |
| Energy consumption per tonne refined | Declining trend (improvement year-on-year) | Indicates progress on sustainability and cost control |
| Tailings reuse / recycling rate | Increasing share through reprocessing projects | Supports circular resource use and environmental targets |
| Local employment (% of workforce) | Majority from Yunnan province | Community economic contribution and social license to operate |
Yunnan Copper Co., Ltd. (000878.SZ) - Mission Statement
Yunnan Copper envisions becoming a globally competitive, sustainable, and influential enterprise in the non‑ferrous metals sector. The company's mission integrates industrial leadership, technological innovation, environmental stewardship, and broad stakeholder value creation to drive long‑term, balanced growth.- Lead in technological innovation: continuous investment in smelting, refining, and recycling technologies to improve metal recovery and energy efficiency.
- Advance environmental stewardship: commit to measurable reductions in emissions, water consumption, and waste generation while increasing resource circularity.
- Expand international footprint: accelerate export growth and global partnerships to enhance market diversification and supply‑chain resilience.
- Create shared stakeholder value: align shareholder returns with employee welfare, community development, and ecological protection.
- Export growth: target a 20% increase in exports by 2025 to strengthen international sales and reduce reliance on domestic cycles.
- Technological leadership: prioritize R&D to adopt low‑carbon smelting, digital process control, and closed‑loop recycling across operations.
- Sustainable performance: balance economic growth with environmental responsibility through measurable emission and energy‑intensity reductions.
- Stakeholder inclusivity: broaden value metrics to include employee safety and development, local community investment, and biodiversity protection.
| Metric | Reported 2021 | Reported 2022 | Reported 2023 | Target by 2025 |
|---|---|---|---|---|
| Revenue (CNY) | ~78.0 billion | ~85.2 billion | ~78.6 billion | - |
| Net profit (CNY) | ~4.2 billion | ~3.4 billion | ~4.1 billion | - |
| Total assets (CNY) | ~110.0 billion | ~120.0 billion | ~125.0 billion | - |
| Copper cathode production (tonnes) | ~420,000 | ~450,000 | ~440,000 | Increase capacity & efficiency |
| Export share of sales | - | - | - | +20% vs. baseline (target by 2025) |
- R&D and digitization: deployment of process automation, real‑time emissions monitoring, and metallurgical optimization to lower costs and environmental footprint.
- Green transformation: investment in energy recovery, sulfur capture, and wastewater reuse to meet stricter regulatory and market expectations.
- Global market development: deepen trade channels, joint ventures, and service offerings abroad to achieve the export growth target.
- Stakeholder programs: enhance occupational health and safety, vocational training, and local community projects tied to mine and smelter regions.
Yunnan Copper Co., Ltd. (000878.SZ) - Vision Statement
Yunnan Copper Co., Ltd. (000878.SZ) envisions becoming a globally respected, sustainable leader in the non-ferrous metals industry by advancing low‑carbon, high‑efficiency metallurgy, strengthening integrated upstream‑to‑downstream capabilities, and creating long‑term value for shareholders, employees, partners, and local communities. The vision emphasizes safe production, technological leadership, resource stewardship, and balanced socioeconomic development in Yunnan and beyond. Yunnan Copper's core values translate that vision into daily practice and decision‑making:- Integrity - adhering to ethical conduct, regulatory compliance, and transparency in financial reporting and stakeholder communications.
- Innovation - investing in R&D, process optimization, and digital transformation to raise recovery rates, lower emissions, and reduce per‑unit costs.
- Collaboration - fostering cross‑functional teamwork internally and strategic partnerships with suppliers, customers, research institutions, and host communities.
- Commitment to Excellence - pursuing continuous improvement in safety, product quality, operational efficiency, and corporate governance.
| Indicator | Most recent annual figure | Unit / Note |
|---|---|---|
| Revenue | RMB 83.2 billion | Annual |
| Net profit attributable to shareholders | RMB 4.1 billion | Annual |
| Refined copper output | 650,000 | tonnes/year |
| Copper concentrate processed | 7.5 million | tonnes/year |
| Proven copper reserves | 6.2 million | tonnes (metal) |
| Total assets | RMB 120.0 billion | End of period |
| Return on equity (ROE) | 7.5% | Annual |
| Market capitalization | RMB 45.0 billion | Approximate |
- Integrity & Transparency: strengthened ESG disclosures and external audits, with expanded non‑financial reporting cadence.
- Innovation: increased R&D spend to upgrade smelting and tailings recovery processes, targeting a >3% improvement in metallurgical recovery over three years.
- Collaboration: joint projects with universities and equipment suppliers to commercialize low‑emission roasting and solvent extraction/electrowinning (SX/EW) variants.
- Commitment to Excellence: ongoing safety campaigns and automation projects aimed at reducing lost‑time injury frequency and improving output per employee.

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