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Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) has shared an announcement.
Jinchuan Group International Resources reported a decline in revenue to US$561.9 million for 2024 from US$638.9 million a year earlier, reflecting weaker top-line performance in its metals business. Despite lower cost of sales and royalties, gross profit fell to US$55.9 million, and higher finance costs and tax charges weighed on the bottom line.
The group narrowed its net loss attributable to shareholders to US$2.5 million from US$11.6 million in 2023, indicating some improvement in underlying performance even as overall profitability remained negative. Total comprehensive expense also decreased year on year, suggesting reduced volatility in hedging results, but the company’s continued losses highlight ongoing margin pressures and funding costs that stakeholders will watch closely.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a Hong Kong-listed resources company engaged in the production and sale of base metals. The group primarily focuses on mining and processing operations that generate revenue from commodities such as copper and related products, serving global industrial demand for metals.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
See more insights into 2362 stock on TipRanks’ Stock Analysis page.