JINXUN RESOURCE Shares Surge Over 12% in Morning Trading on Strong Annual Profit Forecast

Deep News03-24

JINXUN RESOURCE (03636) saw its shares rise more than 12% during the trading session. At the time of writing, the stock was up 11.55%, trading at HKD 22.98, with a turnover of HKD 5.66545 million.

Recently, JINXUN RESOURCE issued an announcement stating that the group anticipates achieving a comprehensive profit attributable to the company's owners of approximately RMB 300 million to RMB 330 million for the fiscal year ending December 31, 2025. This represents a significant increase compared to the RMB 202 million reported for the fiscal year ending December 31, 2024.

Based on currently available information, the substantial increase in comprehensive profit attributable to the company's owners is primarily attributed to a rise in sales volume of the company's cathode copper products, which is consistent with the growth in cathode copper production. Furthermore, driven by an increase in copper prices on the London Metal Exchange, the average selling price has seen a notable rise.

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