On May 22, China Nonferrous Mining rose 3.24% in regular trading, trading at HKD 13.68/share, with trading volume of approximately HKD 14.58 million, extending the previous session's rebound momentum.

On the news front, the stock had undergone a sustained pullback since May 14, accumulating a decline exceeding 20%, which triggered technical rebound demand from oversold conditions. Fundamentally, the company reported Q1 net profit attributable to shareholders surging approximately 63% year-over-year, with comprehensive copper output of around 549,600 tonnes and gross margin improving to 31.1%, providing solid earnings support. Additionally, HSBC recently raised its target price for the stock to HKD 18.60, citing a historic valuation mismatch between copper prices and mining equities.

The copper sector continued its recovery today, with Jinxun Resource up 2.48%, China Daye Nonferrous Metals up 1.9%, and Jiangxi Copper up 1.59%, as the broader sector uptrend helped sustain the stock's stabilization.

(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.)