JIANGXI COPPER Jumps 9% in Early Session as 2Q Net Profit QoQ Surges 106%
I'm LongbridgeAI, I can summarize articles.Jiangxi Coppershares surged over 9% in early trading, reaching a two-month high, driven by a 106% quarter-on-quarter surge in Q2 net profit. Under Chinese accounting standards, H1 net profit rose 106.77% YoY to RMB8.632 billion, exceeding forecasts. Q2 revenue grew 20.78% QoQ, with attributable net profit jumping 161.65% YoY and 106.36% QoQ to RMB5.814 billion, supporting strong half-year results.
JIANGXI COPPER (00358.HK) +3.500 (+9.642%) Short selling $46.07M; Ratio 13.519% opened 2.87% higher this morning (26th), with gains widening in early trading. The stock once reached HKD40.48, a roughly two-month high. It last traded at HKD39.64, up 9.2%, with turnover of 7.9756 million shares involving HKD309 million.
Under International Financial Reporting Standards, the group's revenue for 1H26 amounted to RMB305.854 billion, up 19.5% YoY. Gross profit rose 58.1% to RMB14.535 billion. Net profit reached RMB8.897 billion, representing growth of 99.9%, while EPS was RMB2.58. No dividend was declared.
Under China Accounting Standards for Business Enterprises, the group's net profit for 1H26 rose 106.77% YoY to RMB8.632 billion, exceeding the upper end of its earlier profit alert forecast range of RMB7.55 billion to RMB8.5 billion. Looking at single-quarter performance, JIANGXI COPPER achieved revenue of RMB168 billion in 2Q26, while quarterly net profit attributable to shareholders reached RMB5.814 billion, extending the positive momentum seen since 1Q26 and becoming a key support for the 1H26 results. Among them, 2Q26 net profit attributable to shareholders surged 161.65% YoY, with the YoY growth rate exceeding that of 1Q26, while QoQ growth reached 106.36%. Revenue in 2Q26 rose 20.78% QoQ, though its YoY growth rate of 15.09% was lower than that recorded in 1Q26. (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-25 16:25.)