Jingyi Shares (002295.SZ) Clarifies That Higher Copper Prices Do Not Benefit Its Operations

Stock News09-09 18:56

Jingyi Co Ltd (002295.SZ) released an announcement stating that its stock price saw a cumulative closing gain deviation of 21.17% over two consecutive trading days on September 8, 2026, and September 9, 2026, which meets the criteria for abnormal stock price fluctuations set by the Shenzhen Stock Exchange.

The company's main business involves copper processing, where it primarily earns processing fees, and therefore, a rise in copper prices does not translate into favorable conditions for its operations.

Following an internal review, the company confirmed that there are no instances of non-compliant information disclosure that would violate fair disclosure principles.

Where to begin: This clarification comes amid heightened market scrutiny of copper-related stocks, highlighting the company's efforts to manage investor expectations regarding the impact of commodity price movements on its financial performance.

Why only the current focus: The announcement underscores the limited direct correlation between raw material price fluctuations and the company's earnings model, which is centered on value-added processing rather than commodity speculation.

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