Movement Alert｜JIANGXI COPPER Falls 4.45% in Regular Trading, Post-earnings pressure persists as third-quarter profit weakened sequentially

Market Focus10-30

On October 30, JIANGXI COPPER fell 4.45% in Regular Trading, trading at HK$24.72, with turnover of HK$40.55 million.

The move followed its latest quarterly results, after which market attention shifted from strong year-on-year growth to weaker quarter-on-quarter earnings momentum, while the planned New Third Board listing of subsidiary Jiangtong Copper Foil did not reverse cautious near-term sentiment.

For the first three quarters, the company reported revenue of RMB442.42 billion, up 11.71% year on year, and net profit attributable to shareholders of RMB11.687 billion, up 94.02%. In the third quarter alone, revenue was RMB135.265 billion, down 2.75% year on year, while net profit was RMB3.055 billion, up 65.22% year on year. Recent market interpretation highlighted that third-quarter profit fell 47% from the previous quarter, contributing to post-results profit-taking pressure on the shares.

(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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