Jiangxi Copper Company ( (HK:0358) ) has issued an announcement.
Jiangxi Copper Company Limited announced a provision for impairment on assets totaling RMB1,255.28 million for the year 2024, following impairment tests that revealed recoverable amounts lower than book values for certain assets. The company also highlighted its strategic approach to inventory management and risk mitigation through hedging, particularly in response to fluctuating copper prices, to maintain operational efficiency.
More about Jiangxi Copper Company
Jiangxi Copper Company Limited is a leading enterprise in the copper industry, focusing on the production and sale of copper products. The company operates with a strong emphasis on market demand and production efficiency, implementing strategies such as hedging to manage risks associated with metal price fluctuations.
YTD Price Performance: 12.04%
Average Trading Volume: 1,514
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.37B
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