The payment of a large tax arrears has led to a downward revision of last year's performance. Chongqing Shunbo Aluminum's Net income may decline for three consecutive years.| Quick announcement.
① Chongqing Shunbo Aluminum needs to pay a substantial tax of 93.44 million yuan due to the supplier's fraudulent invoicing; ② As a result of this impact, the company has significantly revised its earnings forecast for 2024, and Net income may experience a decline for three consecutive years.
Jiangxi Copper achieved a record high in net profit last year. The trend of Industry consolidation may intensify. | Interpretations
① The company achieved its best annual performance since going public; ② The company stated that the trend of domestic Industry consolidation may intensify in 2025.
Aluminum Corporation Of China reported record high net profits, and domestic alumina will shift from shortage to surplus | Interpretations
① In 2024, net profit is expected to increase by over 80%, achieving the best annual performance since the company's listing; ② The company stated that in 2025, the domestic Aluminum oxide fundamentals are expected to shift from a shortage to a surplus.
The outlook for Copper and Gold is optimistic! Although prices are at historic highs, JPMorgan believes that Zijin Mining Group is "not expensive."
JPMorgan believes that Gold has become a key profit driver for the company, contributing 32% of gross profit in fiscal year 2024 (up from 26% in 2023), mainly due to a 28% year-on-year increase in the average selling price. It is expected that Gold production will reach 85 tons in 2025 (a year-on-year increase of 17%), and Copper production will reach 1.15 million tons (a year-on-year increase of 8%).
Express News | Hong Kong stocks related to the Copper Concept are strengthening, CHINFMINING is up over 6%, MMG is up 5%, and JIANGXI COPPER is up over 4%.
Yunnan Copper's revenue increased in 2024, but profits did not; the production volume of main products for 2025 is raised | Interpretations
① Due to losses in Q4, Yunnan Copper will see an increase in revenue without profit growth for the entire year of 2024; ② The company has raised its main product output forecast for 2025.