China Daye Non-Ferrous Metals Mining (HKG:0661) has revised its annual cap for product sales to China Nonferrous Metal Mining Group (CNMC) to 11 million yuan for 2025, following a one-off order for cathode copper worth about 8 million yuan, according to a Monday Hong Kong bourse filing.
Shares of the company were down nearly 2% in Tuesday's recent trade.
The move lifts the original 2025 cap of 1.2 million yuan under a 2022 framework agreement between the two parties.
China Daye said the adjustment allows it to capitalize on CNMC's Hong Kong subsidiary's location advantages and broaden its export channels for cathode copper, enhancing sales efficiency.
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