On September 8, JIANGXI COPPER rose 3.11% in regular trading, trading at HK$38.02/share, with turnover of HK$33.50 million.

On the news front, Shanghai copper futures recently settled at RMB 108,780 per tonne, maintaining elevated levels. Market reports indicate that global copper mine output may post its first annual decline since 2017, reinforcing supply contraction expectations that are supporting copper prices and related equities. The stock had undergone a short-term pullback prior to this session, and the divergence between strong copper fundamentals and depressed share price appears to have triggered a corrective rebound.

The company disclosed its first-half results on August 25, reporting revenue of approximately RMB 307.2 billion, up 19.53% year-over-year, and net profit attributable to shareholders of RMB 8.63 billion, surging 106.77% year-over-year. A significant upward shift in the copper price center was cited as the core earnings driver. Notably, the company also booked RMB 2.9 billion in asset impairment provisions during the period, reducing attributable net profit by approximately RMB 1.62 billion.

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