UBJIANC@EC2705A

Jiangxi Copper Group Completes 5 Billion Yuan Convertible Bond Issuance

Jiangxi Copper Group applies for issuance of exchangeable bonds not exceeding 5 billion yuan

Jiangxi Copper Announces Over 7% Profit Growth Last Year With Net Profit Exceeding 7.3 Billion

JPMorgan Increases Holdings in Jiujiang Copper

JIANGXI COPPER released FY2025 Annual Earnings on March 26 After-Market (BJT), actual revenue HKD 595.25 B (forecast HKD 623.17 B), actual EPS HKD 2.2573 (forecast HKD 2.7369)

JIANGXI COPPER released FY2025 Q4 earnings on March 26 After-Market (BJT), actual revenue HKD 165.22 B (forecast HKD 156.25 B), actual EPS HKD 0.3627 (forecast HKD 0.8661)

China's January-February Refined Copper Output Up 9% Y/Y to 2.47 Mln Metric Tons

Jiangxi Copper to release FY2025 earnings on March 26 After-Market (BJT), forecast revenue HKD 634.05 B, EPS HKD 2.7176

Morgan Stanley Raises Jiangxi Copper's Target Price

Jiangxi Copper Successfully Acquires SolGold plc

Jiangxi Copper Plans to Apply for Registration and Issue Debt Financing Instruments

JPMorgan Increases Stake in Jiangxi Copper

Jiangxi Copper's Acquisition Offer for SolGold plc Approved

Jiangxi Copper Plans to Issue Bonds

Citi Raises Jiangxi Copper's Target Price to HKD54.1

Jiangxi Copper Signs Three-Year Mutual Supply Agreement with JCC International Trade

Jiangxi Copper's Subsidiary Renewed Mutual Guarantee Agreement

Jiangxi Copper Plans to Issue Debt Financing Instruments Worth 2.5 Billion Yuan

Jiangxi Copper Signs Cooperation Framework Agreement with China Ordnance Industry Material Group

Jiangxi Copper's subsidiary signs investment option agreement with First Quantum

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

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Jiangxi Copper Parent Completes 5-Billion-Yuan Exchangeable Bond Issue

marketscreener

JIANGXI COPPER

JCCL

Hwabao WP CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Dacheng Non-Ferrous Metal Futures ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

GF CSI Rare Metals Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Jiangxi Copper Parent Completes 5-Billion-Yuan Exchangeable Bond Issue

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Goldman Sachs released a research report, updating the investment ratings and target prices for gold mining stocks. China Aluminum's rating was adjusted from sell to neutral, with the target price raised to RMB 12.5; China Hongqiao maintained a neutral rating, with the target price raised to RMB 34; Jiangxi Copper maintained a buy rating, with the target price lowered to RMB 45; MMG maintained a buy rating, with the target price at RMB 13.5; CMOC maintained a buy rating, with the target price at RMB 27; Zijin Mining maintained a buy rating, with the target price at RMB 52; ZHAOJIN MINING maintained a buy rating, with the target price lowered to RMB 43. In the A-share market, China Aluminum's rating was adjusted from sell to neutral, with the target price raised to RMB 12.5; Jiangxi Copper maintained a buy rating, with the target price lowered to RMB 60; CMOC maintained a buy rating, with the target price at RMB 28; Zijin Mining maintained a buy rating, with the target price at RMB 50

AASTOCKS

ZIJIN MINING

Jinrui Mining

CHALCO

ChinaAMC Gold ETF

ZHONGJIN GOLD

CMOC

Zijin Mining

ZHAOJIN MINING

SD-GOLD

iShares MSCI Global Gold Miners

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

CHINAHONGQIAO

iShares Gold Trust

Us Gbl GLD & Met

Goldman Sachs' Investment Ratings and Target Prices for Gold Mining Stocks (Table)

Jiangxi Copper Sets Board Meeting to Approve First-Quarter 2026 Results

Tip Ranks

Jiangxi Copper Sets Board Meeting to Approve First-Quarter 2026 Results

COPP

China smelter group refrains from setting Q2 copper TC/RC guidance, sources say

ERO Copper

Sprott Copper Miners ETF

Freeport Mcmoran

TNMG

North Copper

United States Copper Index

iShares Copper and Metals Mining ETF

Global X Copper Miners

Sprott Junior Copper Miners ETF

Southern Copper

Invesco DB TR Base Metals ETF

China smelter group refrains from setting Q2 copper TC/RC guidance, sources say

Jiangxi Copper's Profit Rises 2% in 2025

Jiangxi Copper's Profit Rises 2% in 2025

Jiangxi Copper makes total provision for impairment on various assets rmb1,529.95 mln in 2025

Jiangxi Copper makes total provision for impairment on various assets rmb1,529.95 mln in 2025

Jiangxi Copper Corporation announced that its controlling shareholder, Jiangxi Copper Group, intends to apply for a public issuance of exchangeable bonds not exceeding RMB 5 billion, using part of the company's A-share stock as the underlying asset, which has been approved by the Shanghai Stock Exchange

Jiangxi Copper: Controlling shareholder approved to issue no more than 5 billion RMB of exchangeable bonds

Jiangxi Copper 2025 net profit up 2.4% Y/Y

Jiangxi Copper 2025 net profit up 2.4% Y/Y

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Hong Kong stocks rose moderately during intraday trading, with the three major indices collectively in the green, and the Hang Seng TECH Index rising 0.67%. In terms of sectors, consumer retail performance diverged, with SUNART RETAIL up 3.18%. Meituan's 9.87% gain boosted market sentiment, while POP MART slumped over 20%. The market is focusing on the Federal Reserve's moves and economic data such as the Manufacturing PMI, maintaining an overall pattern of volatile consolidation

- As of March 25, Hong Kong stocks are moderately rising, with major indices showing gains; the Hang Seng Index is up 0.35% to 25,151.91, yet has not surpassed the March 20 peak.  
- Market sentiment remains cautious due to fluctuating local consumption and employment indicators, with investors monitoring key economic metrics and uncertainties from the Federal Reserve's policy direction.  
- Notable stocks include CSPC Pharmaceutical, rising 3.36% with a transaction volume of HKD 663 million, and Jiangxi Copper, increasing 4.35% with a volume of HKD 589 million.

Market Heartbeat

SUNART RETAIL

TENCENT

BABA-W

MEITUAN

XIAOMI-W

CNOOC

YOFC

BYD COMPANY

SMIC

CSPC PHARMA

DONGFANG ELEC

GIGADEVICE

WANGUO GOLD GP

Hang Seng TECH Index

Meituan

HSTECH ETF

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%

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The Global Sulfuric Acid Market is projected to grow from USD 25 billion in 2025 to approximately USD 32 billion by 2032, with a CAGR of 3.59% during 2026-2032. Key drivers include demand from fertilizer production, chemical manufacturing, and metal processing. Asia-Pacific leads the market, accounting for nearly 45% of revenue in 2025. Major players include BASF SE and Jiangxi Copper Corporation. Challenges include raw material supply volatility and stringent environmental regulations.

Fidelity

Guotai CSI Subdivision Chemical Industry Theme ETF

ChinaAMC CSI Petrochemical Industry ETF

BASF SE

Penghua CSI Subdivision Chemical Industry Theme ETF

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

Global Sulfuric Acid Market to Reach USD 32 Billion by 2032, Registering a CAGR of 3.59% During 2026-2032, Reports Vyansa Intelligence

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GIGADEVICE(03986) rose 18.41%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 166%. KNOWLEDGE ATLAS(02513) rose 14.15%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 420.7%. CHALCO(02600) fell 4.92%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 6.3%. SD GOLD(01787) fell 4.36%, with a trading turnover 752.3 Million HKD, and a year-to-date rose 5.2%.

Top Gainers & Losers

KNOWLEDGE ATLAS

COSCO SHIP ENGY

MONTAGE TECH

CATL

SD GOLD

ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (3.16)

SOLG

JIANGXI COPPER announced that its wholly-owned subsidiary has officially made a tender offer to acquire all shares of the London-listed copper-gold mining company SolGold plc. The target company is located in Ecuador, with its core asset being the Alpala deposit of the Cascabel project, which has completed a preliminary feasibility study. The resource estimates include 12.2 million tons of copper, 30.5 million ounces of gold, and 102.3 million ounces of silver. This transaction is expected to significantly enhance JIANGXI COPPER's resource reserves and security capabilities, supporting its overseas strategy and sustainable development

Tasty Money

SolGold Plc

Jiangxi Copper Corporation officially announces the effectiveness of the tender offer to acquire all shares of SolGold

SolGold Delists from London Bourse After Jiangxi Copper Takeover

SolGold Delists from London Bourse After Jiangxi Copper Takeover

UBJIANC@EC2705A(28192.HK)

UBJIANC@EC2705A Stock Performance Chart

Jiangxi Copper Parent Completes 5-Billion-Yuan Exchangeable Bond Issue

Goldman Sachs' Investment Ratings and Target Prices for Gold Mining Stocks (Table)

Jiangxi Copper Sets Board Meeting to Approve First-Quarter 2026 Results

China smelter group refrains from setting Q2 copper TC/RC guidance, sources say

Jiangxi Copper's Profit Rises 2% in 2025