Jiangxi Copper Company Class H ( (JIAXF) ) has released its Q4 earnings. Here is a breakdown of the information Jiangxi Copper Company Class H presented to its investors.
Jiangxi Copper Company Limited, a major player in the mining and smelting industry, is renowned for its comprehensive industrial chain in copper and related non-ferrous metals. The company is a significant production base for copper, gold, silver, and sulphuric chemistry in China.
In its latest earnings report for the year ending December 31, 2024, Jiangxi Copper Company reported a slight decrease in revenue by 0.18% to RMB 520.93 billion, while net profit attributable to shareholders rose by 7.03% to RMB 6.96 billion. The company also announced a final dividend of RMB 0.70 per share.
Key financial highlights include a 15.61% increase in net assets attributable to shareholders, reaching RMB 77.95 billion, and a 14.85% rise in total assets. Despite a significant drop in net cash flows from operating activities by 77.06%, the company maintained steady growth in production volumes of copper cathode and gold, while silver production saw a decline.
Strategically, Jiangxi Copper Company has made significant advancements in technological innovation and digital transformation, enhancing its industrial foundation and optimizing its resource layout. The company has also strengthened its risk prevention and control measures, ensuring stable operations.
Looking ahead, Jiangxi Copper Company remains focused on high-quality development, with plans to further integrate technological and industrial innovations. The management is optimistic about overcoming industry challenges and sustaining growth in the coming years.