On July 22, Jiangxi Copper rose 3.04% in regular trading, trading at 35.0 HKD/share, with turnover of approximately 63.37 million HKD.

On the news front, the company recently disclosed detailed arrangements for spinning off its controlled subsidiary Jiangxi Copper Foil Technology for a main board listing on the Hong Kong Stock Exchange. An extraordinary general meeting along with A-share and H-share class shareholder meetings are scheduled for August 7 to vote on the proposal. The initial offering will not exceed 15% of total share capital post-issuance, with the parent company retaining control after completion. When the spin-off was first announced on July 17, shares fell over 4%, but market sentiment has since recovered steadily.

Additionally, the company previously issued a positive profit alert for the first half, projecting net profit attributable to shareholders of 7.55 billion to 8.5 billion yuan, representing year-over-year growth of 81% to 104%. The robust fundamental outlook provides further support for the share price.

(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.)