SGJIANC@EC2703A

JIANGXI COPPER released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue HKD 157.73 B (forecast HKD 143.78 B), actual EPS HKD 0.9296 (forecast HKD 0.735)

Jiangxi Copper Announces Revenue and Net Profit Growth in Q1 2026

Citi Cuts Profit Forecasts and Target Prices for Jiangxi Copper, Maintains Buy Rating

BlackRock Increases Holdings in Jiangxi Copper

JIANGXI COPPER to Release FY2026 Q1 Earnings on April 28 After-Market (BJT), Forecast Revenue HKD 139.67 B, EPS HKD 0.735

Jiangxi Copper Successfully Issued First Public Exchangeable Bond

BOA Securities Cuts Jiangxi Copper's Profit Forecast But Maintains Buy Rating

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 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)

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)

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

SYNERTONE

SOFTMEDX

WING FUNG GROUP

HIPINE

BIOSTAR PHARM-B

G-VISION INT'L

BJ DIGITAL

XI2CSOPMSTR-U

XI2CSOPMSTR

600808

600585

600019

01898

600362

00358

Goldman Sachs updated ratings and target prices for various resource stocks. In steel, it maintained 'Sell' on Angang and Ansteel, and 'Neutral' on Baosteel and Maanshan. For coal, China Coal was upgraded to 'Buy', while Yankuang was downgraded to 'Sell'. Cement stocks like Conch remained 'Buy'. Basic metals saw mostly 'Buy' or 'Neutral' ratings for Zijin Mining and Jiangxi Copper. Paper stocks ND Paper and Sun Paper were rated 'Sell'.

AASTOCKS News

MAS C.L.

Baosteel

CHINA COAL

CONCH CEMENT

SUN PAPER

JCCL

ANGANG STEEL

ANSTEEL

Zijin Mining

YANKUANG ENERGY

ZIJIN MINING

China Coal Energy

ND PAPER

JIANGXI COPPER

MAANSHAN IRON

CHINA SHENHUA

CSEC/China Shenhua

BBMG

CNBM

CR BLDG MAT TEC

WESTCHINACEMENT

CHALCO

CHINAHONGQIAO

CMOC

ZHAOJIN MINING

CHINA NATIONAL BUILDING MATERIAL CO UNSP ADR EACH REPR 50 ORD

G Sachs' Latest Ratings and TPs on Resource Stocks (Table)

03808

06869

00700

03690

00100

06656

02513

01072

SINOTRUK(03808) rose 11.09%, with a trading turnover 522.9 Million HKD, and a year-to-date rose 51.6%. YOFC(06869) rose 10.75%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 350.3%. MINIMAX-W(00100) fell 5.72%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 304.5%. SIGENERGY(06656) fell 4.86%, with a trading turnover 137.4 Million HKD, and a year-to-date rose 40%.

- The Hang Seng Index rose by 2.52% and has gained 1.6% for the year; the Hang Seng Tech Index increased by 4.72% but is down 5.7% year-to-date.  
- China National Heavy Duty Truck (03808) saw an 11.09% increase with a trading volume of HKD 520 million, resulting in a 51.6% year-to-date gain.  
- Changfei Optical Fiber (06869) rose by 10.75% with a trading volume of HKD 4.8 billion, marking a significant 350.3% increase this year.

Top Gainers&Losers

SINOTRUK

YOFC

TENCENT

MEITUAN

MINIMAX-W

SIGENERGY

KNOWLEDGE ATLAS

DONGFANG ELEC

Top 5 HK Stock Gainers/Losers (>100B) (6.2)

JIANGXI COPPER rose 10.28%; China Nonferrous Mining rose 5.78%, with a transaction amount reaching HKD 375 million; Jinxun Resources rose 4.79%, with a transaction amount reaching HKD 6.89 million; China Daye Nonferrous Metals rose 4.04%, with a transaction amount reaching HKD 2.84 million; Jinchuan International's market value reached HKD 8.405 billion

HK Stock Alerts

CHINFMINING

JINXUN RESOURCE

CDAYENONFER

JINCHUAN INTL

Hong Kong stocks movement: Tariff concerns + Goldman Sachs raises forecast, copper stocks rise collectively

000960

601137

516650

On June 2nd, influenced by the rise in PPI and strong demand for AI computing power, the non-ferrous metal sector experienced fluctuations. The non-ferrous metal ETF ChinaAMC (516650) rose over 3%, with holdings such as BAMC, Yunnan Tin, and JIANGXI COPPER hitting the daily limit. Data shows that the PPI for the non-ferrous mining and selection industry has significantly increased, with several gold mining companies experiencing growth rates exceeding 100%. The industry is expected to welcome a valuation recovery trend

同壁财经

Yunnan Tin

BAMC

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

North Copper

XINGYE SILVER&TIN

Western Mining

Z FIN

CNRE

Huayou Cobalt

Ganfeng Lithium

GANFENGLITHIUM

ZHONGJIN GOLD

TIANQI LITHIUM

Yunnan Aluminium

Accendra Health

China Gold

CHINAGOLDINTL

The held stocks BAMC, Yunnan Tin, and JIANGXI COPPER hit the daily limit, and the non-ferrous metal ETF ChinaAMC (516650) rose over 3%

Jiangxi Copper surged 8% in Hong Kong trading to HK$38.16 with HK$333.3M turnover.

HK Stock Market Update

Jiangxi Copper surges 8% in Hong Kong trading with HK$333.3M turnover

03750

06613

01347

02050

01810

02600

09868

MINIMAX-W(00100) rose 10.53%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 415.2%. CATL(03750) rose 6.38%, with a trading turnover 4.4 Billion HKD, and a year-to-date rose 40.7%. SANHUA(02050) fell 4.89%, with a trading turnover 594.3 Million HKD, and a year-to-date fell 9.7%. XIAOMI-W(01810) fell 4.57%, with a trading turnover 8.3 Billion HKD, and a year-to-date fell 27.7%.

- The Hang Seng Index fell by 1.06%, with a year-to-date decline of 1.2%, while the Hang Seng Tech Index decreased by 0.79% and is down 11% for the year.  
- MINIMAX-W (00100) rose by 10.53% with a trading volume of HKD 2.76 billion, marking a significant year-to-date increase of 415.2%.  
- Additionally, CATL (03750) increased by 6.38%, while SMC (02050) and Xiaomi Group (01810) dropped by 4.89% and 4.57%, respectively, with respective year-to-date declines of 9.7% and 27.7%.

CATL

Lens

HUA HONG SEMI

SANHUA

XIAOMI-W

XPENG-W

Top 5 HK Stock Gainers/Losers (>100B) (5.27)

01258

561330

159881

512400

HSBC Research reports that Chinese copper stocks have underperformed despite a significant rise in copper prices, driven by supply concerns. The firm raised the target price for CHINFMINING to HKD18.6, citing strong demand and favorable fundamentals. It views current market concerns as overstated, presenting a buying opportunity. MMG is highlighted for its earnings sensitivity to copper prices, while ZIJIN MINING's earnings are less sensitive due to gold contributions. A Hold rating is maintained for JIANGXI COPPER due to its valuation and contract limitations.

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

HSBC Research: Chinese Copper Stocks Lag Copper Price Rally Present Buying Opportunity; CHINFMINING  TP Raised to HKD18.6

Jiangxi Copper Company Limited will participate in the 2026 Investors Online Group Reception Day for Listed Companies in Jiangxi on May 15, 2026. This event, organized by the Listed Companies Association of Jiangxi, aims to enhance communication with investors. Senior management, including the deputy chairman and CFO, will engage with investors, emphasizing the company's commitment to transparency and investor relations. The initiative is expected to strengthen market confidence. The latest analyst rating for Jiangxi Copper (HK:0358) is a Buy with a price target of HK$50.00.

Tip Ranks

Jiangxi Copper to Join 2026 Online Investor Reception for Jiangxi Listed Firms

JIANGXI COPPERplans to spin off its subsidiary Jiangtong Copper Foil for a separate listing on the Stock Exchange of Hong Kong. Jiangtong Copper Foil specializes in high-performance electrolytic copper foil, including products for electronic circuits and lithium batteries. The company is currently facing a short selling of $47.24M with a ratio of 7.674%.

JIANGXI COPPER  Plans Spin-off and Listing of Jiangtong Copper Foil on SEHK

SGJIANC@EC2703A(29361.HK)