On September 16, JIANGXI COPPER rose 3.06% in regular trading, trading at 33.7 HKD/share, with turnover of approximately 203 million HKD, snapping a four-session losing streak that had seen the stock retreat sharply alongside the broader copper sector.
The rebound came after the company hosted its H1 earnings briefing earlier in the session, drawing investor attention to its robust interim results disclosed on August 25. JIANGXI COPPER reported H1 revenue of approximately 307.2 billion yuan, up 19.53% year-over-year, while net profit attributable to shareholders surged 106.77% to 86.32 billion yuan under Chinese accounting standards, exceeding prior guidance. Under IFRS, attributable profit reached 88.97 billion yuan, up 99.91%. The strong earnings reflected copper price strength and operational leverage, with gross margin improving to 5.82% from 3.92% a year earlier.
The stock had fallen for four consecutive sessions amid Fed rate hike expectations and the unwinding of copper tariff premium. The September 15-16 FOMC meeting remains a key near-term catalyst for the copper sector.
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