On August 26, JIANGXI COPPER rose 3.09% in regular trading, trading at 38.14 HKD/share, with turnover of approximately 66 million HKD.

On the news front, the company released its interim results on August 25, reporting revenue of approximately 305.85 billion yuan under IFRS, up 19.46% year-over-year, with net profit attributable to shareholders reaching 88.97 billion yuan, surging 99.91% year-over-year. The results significantly exceeded the prior market consensus estimate of 75.5 billion to 85 billion yuan. The company noted that revenue growth was primarily driven by higher prices and increased sales volume of its core products.

Notably, the company also disclosed asset impairment provisions totaling approximately 2.905 billion yuan for the first half, reducing attributable net profit by roughly 1.621 billion yuan. After excluding non-recurring items, net profit stood at 7.556 billion yuan, still up 73.73% year-over-year. The strong earnings performance helped reverse the prior session's 3.18% decline, which had been driven by uncertainty ahead of the board meeting to review interim results.

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