Jiangxi Copper (00358) announces profit growth, expecting mid-term net profit attributable to shareholders to be between 7.55 billion and 8.5 billion yuan, an increase of 80.86% to 103.61% year-on-year.

Jiangxi Copper (00358) announced that the company expects to achieve a net profit attributable to owners of the parent company of RMB 7.55 billion to RMB 8.5 billion in the six months ending June 2026, prepared in accordance with Chinese accounting standards. This represents an increase of RMB 3.37545 billion to RMB 4.32545 billion compared to the same period last year, an increase of 80.86% to 103.61%. The company also expects to achieve a net profit excluding non-recurring gains and losses attributable to the owners of the parent company of RMB 7.63 billion to RMB 8.58 billion in the six months ending June 2026, prepared in accordance with Chinese accounting standards. This represents an increase of RMB 3.28059 billion to RMB 4.23059 billion compared to the same period last year, an increase of 75.43% to 97.27%. During the reporting period, the company's overall operating performance achieved a significant improvement year-on-year. This was mainly due to the company's emphasis on refined operational management, tapping into the potential for cost reduction and efficiency improvement, broadening profit margins through measures such as technological upgrades and energy savings, and continuous improvement in key technical and economic indicators. Additionally, core product market prices increased compared to the previous year, and the company actively seized opportunities for price increases by adjusting raw materials and product structures, thereby driving a significant improvement in overall operating performance.