China Daye Non-Ferrous Metals Share Plunge on Expected 44% Profit Decline

MT Newswires Live

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China Daye Non-Ferrous Metals Mining (HKG:0661) expects a 44% year-over year decline in profit for 2025 to 5.4 million yuan, according to a Friday Hong Kong bourse filing.

Shares of the copper seller were down 30% in Monday afternoon trading.

On the other hand, annual revenue is expected to increase by 14% to 66.1 billion yuan.

The firm attributed the forecast to the two-way effect of the concentrated and accelerated release of domestic and foreign smelting capacity and the tight supply of copper concentrate.

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