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China Daye Non-Ferrous Metals Mining Limited ( (HK:0661) ) has issued an update.
China Daye Non-Ferrous Metals Mining Limited has issued a profit warning, indicating an expected net loss for the first half of 2025. The company attributes this downturn to decreased gross profit, driven by increased smelting capacity and a tight supply of copper concentrate, resulting in lower revenue and profit margins. Revenue is anticipated to fall by 10.72% to RMB29,306 million, with gross profit decreasing by 37.47% to RMB514 million, and a net loss of RMB6 million compared to a net profit of RMB148 million in the same period last year. The company is finalizing its interim results, which will be published on 29 August 2025.
More about China Daye Non-Ferrous Metals Mining Limited
China Daye Non-Ferrous Metals Mining Limited operates in the mining industry, focusing on the production and smelting of non-ferrous metals, particularly copper. The company is involved in both domestic and international markets, dealing with the challenges of fluctuating smelting capacity and copper concentrate supply.
Average Trading Volume: 17,845,773
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.27B
For a thorough assessment of 0661 stock, go to TipRanks’ Stock Analysis page.