Hong Kong copper stocks have risen significantly, with China Daye Nonferrous Metals leading the way with an increase of over 14%, China Nonferrous Mining up 5.3%, Jiangxi Copper and MMG up 4%, China Gold International up 2.5%, and CMRU up 1.2%

"Performance" CMRU's mid-term loss narrows to 208 million RMB

CMRU announced its interim results for the six months ending in June, with a revenue of 341 million RMB, a year-on-year decrease of 25%. The loss narrowed from 222 million RMB in the same period last year to 208 million RMB, with a loss per share of 46 cents. No dividend is declared

CMRU released its interim results, with a loss attributable to shareholders of 208 million yuan, a year-on-year decrease of 6.16%

China Metal Resources Utilization released its interim results for the period ending June 30, 2025, with a revenue of 341 million yuan, a year-on-year decrease of 24.96%; a loss attributable to shareholders of 208 million yuan, a year-on-year decrease of 6.16%; and a loss per share of 0.46 yuan. The company has sold 4,877 tons of recycled copper products, generating sales of 339 million yuan. Due to insufficient working capital and a poor real estate market, the telecommunications cable and power distribution cable businesses have not yet recovered, and it is expected that operations will resume after the market stabilizes

In the Hong Kong stock market, copper concept stocks collectively fell, with China Daye Nonferrous Metals down over 6%, Jiangxi Copper Company down over 3%, Xingye Alloy, China Gold International, and CMRU down over 2%, and MMG down nearly 2%

CMRU: The auditor issued a disclaimer of opinion report on its performance

CMRU announced that the auditor issued a disclaimer of opinion on the company's financial statements for the year ending December 31, 2024, regarding the going concern issue. So far, the company's operating subsidiaries Tongxin, Jinhui, Taiyue, Yinlian Xiangbei, and Hubei Rongsheng are undergoing restructuring with existing creditors in accordance with the applicable provisions of the Enterprise Bankruptcy Law of the People's Republic of China. The company has planned and intends to convert the debts of its main creditors (including Fule and Huarong) into equity of the company