Movement Alert|China Nonferrous Mining Rises 3.15% in Regular Trading, Q1 Net Profit Surges 63% YoY Supporting Valuation Recovery

Market Focus06-11

On June 11, China Nonferrous Mining rose 3.15% in regular trading, trading at HKD 13.43/share, with trading volume of HKD 123 million.

On the news front, the company's Board Chairman Xiao Bo recently disclosed in an exclusive interview that Q1 net profit attributable to shareholders surged 63% year-over-year, hitting a record high for the same period. The company's proprietary mines contributed 59.1% of total profits, with cathode copper gross margin reaching 47.8% and overall gross margin improving from 27.5% to 31.1%. The chairman outlined a strategic focus on resource expansion, technology enablement, and capital strengthening, targeting proprietary mine copper output exceeding 300,000 tonnes per annum by the end of the 15th Five-Year Plan period.

Within the Copper sector, peer stock China Daye Nonferrous surged 12.36%, while Jinxun Resource fell 6.45% and Jiangxi Copper edged down 0.22%. The rebound appears driven by a combination of short-term oversold recovery following recent sector-wide weakness and solid fundamental support from strong earnings performance.

(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.)

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