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An announcement from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) is now available.
Jinchuan Group International Resources has issued a positive profit alert, indicating it expects to post a consolidated profit attributable to shareholders of about US$25 million to US$35 million for 2025, marking a turnaround from an expected loss of not more than US$5 million for 2024. The improvement is mainly driven by higher selling prices for its key products and effective operating cost control, while the figures remain preliminary and unaudited, and the profit estimate also interacts with Hong Kong takeover rules amid an ongoing partial cash offer for the company’s shares.
The company is still finalising audited results for 2024 and 2025, which are slated for release by the end of March 2026 and may differ from current estimates. Because the profit estimate was disclosed during an unconditional voluntary partial offer, it falls under Hong Kong’s Takeovers Code as a profit forecast, and the company has highlighted both the practical challenges of obtaining formal reporting on this estimate and the possibility that forthcoming audited results could remove the need for such reporting if published before the next shareholder response document.
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 metal commodities. The group focuses on its major products whose pricing and cost control materially influence its financial performance and overall competitiveness in the global resources market.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
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