On October 22, ZHAOJIN MINING fell 3.75% in Regular Trading, trading at HK$16.96, with turnover of HK$34.25 million.
The move appears linked to continued pressure from its latest quarterly results, alongside recent management changes that have added to cautious market sentiment.
The company reported first-nine-month revenue of RMB135.10 billion, up 8.69% year on year, but net profit attributable to shareholders fell 6.98% to RMB19.70 billion. A brokerage note highlighted that third-quarter gross margin dropped to 17.82%, with the sequential decline mainly attributed to production suspensions and rectification at some mines, pressure on output and sales volumes, and rising costs. Separately, the company recently announced that Wang Ligang resigned from several roles due to a work change, while Yang Tiejang was appointed executive director and nomination and remuneration committee member, with the board also proposing a joint company secretary appointment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments