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Jiangxi Copper Company Limited Class H (HK:0358)
:0358

Jiangxi Copper Company (0358) AI Stock Analysis

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HK:0358

Jiangxi Copper Company

(0358)

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Outperform 74 (OpenAI - 5.2)
Rating:74Outperform
Price Target:
HK$53.00
▲(11.67% Upside)
The score is driven primarily by solid financial performance (stable profitability and a strong equity base) and supportive technicals (price above key moving averages with positive MACD). The main constraints are cash flow quality (negative free cash flow trend) and a moderately high P/E that limits valuation upside despite the dividend yield.
Positive Factors
Vertical integration across the value chain
Control of mining through smelting/refining lets Jiangxi capture upstream margins, secure feedstock and manage concentrate variability. Vertical integration reduces reliance on third-party processors, supports consistent cathode output, and strengthens long-term cost and quality advantages.
Strong equity base and ROE
A robust equity ratio and strong ROE provide financial resilience through commodity cycles, enabling investment in mines and smelters without excessive dilution. Sustained return on equity supports shareholder value and gives capacity to fund capex or strategic projects over multiple years.
Revenue diversification from by-products and trading
By-product credits (precious and other metals) and trading activity materially supplement copper income, smoothing volatility from copper prices. Structural diversification improves margin resilience and cash inflows across cycles, supporting earnings stability over the medium term.
Negative Factors
Negative free cash flow trend
Persistent negative free cash flow reduces the company’s ability to self-fund capex, pay dividends, or de-lever. Over 2–6 months this constrains strategic flexibility, may force external financing, and raises execution risk for growth or recovery initiatives in a capital-intensive business.
Weak revenue trend
Declining revenue indicates exposure to weaker volumes or pricing pressure. For an integrated producer, sustained revenue contraction can compress utilization and fixed-cost absorption, weakening margins and limiting reinvestment capacity unless operational or market drivers reverse.
Moderate reliance on debt financing
Elevated leverage increases interest and refinancing risk, particularly if cash generation remains soft. In a cyclical metal business, higher debt limits the ability to withstand price downturns, raises financing costs for new projects, and can force asset sales or curtail dividends under sustained stress.

Jiangxi Copper Company (0358) vs. iShares MSCI Hong Kong ETF (EWH)

Jiangxi Copper Company Business Overview & Revenue Model

Company DescriptionJiangxi Copper Company Limited engages in exploring, mining, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper cathodes, copper rods and wires, sulphuric acid, and other products, as well as deposit, loan, guarantee, and financing consultation services. It is involved in the processing and sale of copper and hardware electric products; production and sale of non-ferrous metals, rare metals and non-metals, electrolytic copper foil, spiral and copper tubes, copper and enameled wires, other copper pipe products, and cast iron grinding balls; provision of repair, consulting, and transportation services; exploration, mining, selection, and smelting of gold and chemical; project, industrial, and fund investment, investment management, and investment and economic information advisory services; metallurgical chemistry; equipment manufacturing and maintenance activities; and development and production of thermo-electronic semiconductors and appliances. In addition, it engages in the development of chemical technologies; contracting for mining constructions; production and sale of casting products; maintenance of mechanical and electrical equipment; installation and debugging of equipment; sale of building materials; production of copper sulfate and electrolytic copper; scrap of base metals; and geological investigation and survey, and construction and engineering measurement. Further, it is involved in the sale of mineral processing, fine chemical, and other industrial and domestic products; trading of metal products; machinery processing; manufacture and sale of wear resistant materials; and trade and settlement of import-export business, offshore investment and financing, cross-border RMB settlement, and research and development activities. The company was founded in 1979 and is headquartered in Nanchang, China.
How the Company Makes MoneyJiangxi Copper generates revenue primarily through the sale of copper and its by-products. The main revenue streams include the production and sale of copper cathodes, copper rods, and various copper alloys. The company's earnings are significantly influenced by global copper prices, which fluctuate based on supply and demand dynamics in the market. Moreover, Jiangxi Copper benefits from strategic partnerships with various mining and metal companies, allowing it to expand its operational capabilities and market reach. The company also engages in copper trading, providing an additional revenue avenue. Furthermore, its investments in technological advancements and efficient production methods contribute to cost reductions, enhancing profitability.

Jiangxi Copper Company Financial Statement Overview

Summary
Overall financials are solid with stable revenue and improving net margins (income statement strength), supported by strong equity and ROE. The main drag is cash flow quality, with weakening operating cash flow and negative free cash flow in the TTM period.
Income Statement
78
Positive
The income statement shows a stable trend in revenue with a slight decrease in the TTM period. Gross profit margin is consistent, and net profit margin is improving slightly. Revenue growth has been steady, albeit with some fluctuations, indicating resilience in the copper industry. EBIT and EBITDA margins indicate satisfactory operational efficiency.
Balance Sheet
72
Positive
The balance sheet reflects strong equity with a stable equity ratio, suggesting solid financial health. However, the debt-to-equity ratio is moderately high, indicating reliance on debt financing. ROE shows strong return generation from equity, which is positive for shareholders.
Cash Flow
65
Positive
Cash flow analysis reveals challenges in free cash flow generation, with a negative trend in the TTM period. Operating cash flow remains positive but has decreased over time. The free cash flow to net income ratio is concerning, highlighting potential cash management issues.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue504.80B520.93B521.89B479.94B442.77B318.56B
Gross Profit17.32B18.44B13.27B14.33B17.55B11.30B
EBITDA13.10B12.20B11.76B10.33B13.73B10.37B
Net Income7.52B6.96B6.51B5.99B5.64B2.32B
Balance Sheet
Total Assets247.86B193.13B168.15B167.33B161.03B140.88B
Cash, Cash Equivalents and Short-Term Investments82.77B36.96B42.80B36.65B38.85B29.48B
Total Debt96.10B62.16B55.07B52.78B53.00B49.42B
Total Liabilities157.95B105.33B91.40B85.38B83.22B74.02B
Stockholders Equity79.85B77.95B67.42B73.52B69.80B59.91B
Cash Flow
Free Cash Flow-567.97M-4.08B4.12B5.33B6.16B-2.26B
Operating Cash Flow2.87B2.51B10.93B10.64B9.03B1.38B
Investing Cash Flow-15.43B-12.30B-8.23B-7.72B-3.23B-303.16M
Financing Cash Flow-4.48B5.73B1.93B-9.75B1.15B-5.16B

Jiangxi Copper Company Technical Analysis

Technical Analysis Sentiment
Positive
Last Price47.46
Price Trends
50DMA
39.16
Positive
100DMA
34.54
Positive
200DMA
24.86
Positive
Market Momentum
MACD
2.65
Negative
RSI
57.86
Neutral
STOCH
75.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0358, the sentiment is Positive. The current price of 47.46 is above the 20-day moving average (MA) of 46.01, above the 50-day MA of 39.16, and above the 200-day MA of 24.86, indicating a bullish trend. The MACD of 2.65 indicates Negative momentum. The RSI at 57.86 is Neutral, neither overbought nor oversold. The STOCH value of 75.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0358.

Jiangxi Copper Company Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$213.03B19.899.95%3.23%-4.55%9.15%
74
Outperform
$1.18T22.5729.60%1.55%9.69%54.43%
74
Outperform
HK$61.26B17.7620.71%2.28%-6.03%37.62%
70
Outperform
HK$565.27B22.5627.23%1.45%-2.42%38.68%
67
Neutral
HK$124.93B32.1616.36%22.65%323.84%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0358
Jiangxi Copper Company
47.46
36.10
317.63%
HK:3993
CMOC Group
22.32
16.85
307.89%
HK:1208
MMG
10.29
7.78
309.96%
HK:2899
Zijin Mining Group Co
41.90
27.56
192.11%
HK:1258
China Nonferrous Mining Corp. Ltd.
15.70
10.84
223.38%
HK:2362
Jinchuan Group International Resources Co. Ltd
0.64
0.13
25.49%

Jiangxi Copper Company Corporate Events

Jiangxi Copper Tightens Controls on Mutual Guarantees with Fuye Group
Jan 27, 2026

Jiangxi Copper Company Limited has issued a supplemental announcement detailing the internal control framework governing its continuing connected transactions under a new mutual guarantees agreement with Fuye Group. The company has set up monthly monitoring by its finance and securities departments to ensure guarantee amounts stay within approved annual caps, requires immediate board escalation if caps risk being breached, and has obtained board (including independent non-executive directors) approval for the guarantees. Fuye Group must halt further borrowing if its debt-to-asset ratio reaches 70% and provide monthly financial statements, while Jiangxi Copper’s finance, legal and risk control teams will track its credit status and enforce reporting. Independent non-executive directors and the external auditor will conduct ongoing and annual reviews to confirm fairness, compliance with Hong Kong Listing Rules and protection of shareholder interests, underscoring strengthened governance and risk controls around the group’s external guarantees.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$53.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Details Higher Caps for Expanded Metal Trading with Ordins
Jan 27, 2026

Jiangxi Copper has issued a supplemental announcement providing additional details on how it set the substantially higher annual caps for its continuing connected transactions with Ordins under newly signed Procurement and Sales Cooperation Framework Agreements. The company explains that the larger caps reflect an anticipated rise in both procurement and sales volumes for a wide range of metals, including offshore and Guangdong cathode copper, crude copper, electrolytic nickel, copper rod, aluminium ingot, zinc, tin and various precious and minor metals, with pricing referenced to benchmarks on the Shanghai Futures Exchange, LME and COMEX and a 1%–5% buffer added for potential price and volume increases; it also expects transaction volumes to remain stable over the next three years, suggesting a planned expansion and deepening of its trading relationship with Ordins while acknowledging that weaker metal prices could leave actual transaction values below the caps.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$53.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Jan 23, 2026

Jiangxi Copper Company Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025, and to consider recommending a final dividend. The timing signals the forthcoming disclosure of the group’s 2025 financial performance and potential shareholder returns, which will be closely watched by investors for indications of profitability, cash flow strength and the company’s capital allocation priorities.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$53.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Unit Renews RMB 2.9 Billion Mutual Guarantee Deal With Fuye Group
Jan 19, 2026

Jiangxi Copper’s subsidiary Heding Copper has entered into a new mutual guarantees agreement with substantial shareholder Fuye Group and its affiliated counter guarantors, replacing an earlier arrangement while maintaining a maximum aggregate annual and daily guarantee balance of RMB 2.9 billion for each party’s bank loans from 1 January 2026. The board and independent non-executive directors state that the guarantees, treated as continuing connected transactions under Hong Kong listing rules, are on normal commercial terms and in the ordinary course of business, aimed at lowering Heding Copper’s financing costs and supporting its operational needs, and will be subject to annual review and disclosure but exempt from circular, independent advice and independent shareholders’ approval requirements.

The most recent analyst rating on (HK:0358) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Signs Three-Year Reciprocal Supply Deals With Connected Shareholder Ordins
Jan 19, 2026

Jiangxi Copper Company has entered into two cooperation framework agreements with Ordins, a substantial shareholder of its subsidiary JCC International Trade, covering procurement and sales arrangements from 1 January 2026 to 31 December 2028. Under these agreements, the Ordins Group will provide comprehensive supply and services to Jiangxi Copper’s group, while the group will in turn supply products and services to Ordins, constituting continuing connected transactions under Hong Kong listing rules that have been approved by the board and deemed fair, reasonable and in the ordinary course of business, subject only to annual review, reporting and announcement requirements rather than shareholder approval, which should help formalize and stabilize their commercial relationship over the next three years.

The most recent analyst rating on (HK:0358) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Signs Exploration and Investment Option Deal With First Quantum Unit
Jan 15, 2026

Jiangxi Copper’s wholly owned Hong Kong subsidiary, Jiangxi Copper Venture Exploration Management Limited, has signed an Investment Option Deed with FQM Kazakhstan Limited, a wholly owned unit of Canada-listed First Quantum Minerals. The agreement establishes a framework for technical collaboration and joint investment in a collaborative exploration project, including an investment option over Jiangxi Copper Venture Exploration’s interest in the Lakeside Minerals Limited project, and is intended to strengthen Jiangxi Copper’s overseas risk exploration platform and deepen its strategic partnership with First Quantum in global copper-resource development.

The most recent analyst rating on (HK:0358) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Renews Intragroup Finance and Lease Deals Under Connected Transaction Rules
Dec 30, 2025

Jiangxi Copper Company has signed a new financial services agreement between its group finance arm, JCC Finance, and its controlling shareholder, JCC, aimed at optimising asset allocation, resource sharing, and operational efficiency within the group. The arrangement, classified as a continuing connected transaction under Hong Kong listing rules, involves credit services whose maximum daily outstanding balance keeps all applicable percentage ratios below 5%, requiring disclosure and annual review but not independent shareholder approval. Separately, the company has entered into a new finance lease framework agreement with Shenzhen Finance Leasing Company, a JCC subsidiary, to continue the leasing transactions that will otherwise expire at the end of 2025, also structured as a continuing connected transaction with percentage ratios below 5%, thereby subject to reporting and review obligations but exempt from a shareholder vote, signalling ongoing intragroup financing support without materially changing the company’s regulatory burden.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$39.80 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Names Veteran Engineer Wu Jun as Deputy General Manager
Dec 30, 2025

Jiangxi Copper Company Limited has appointed Wu Jun as deputy general manager with effect from 30 December 2025, following approval at the 14th meeting of the 10th session of its board of directors. Wu, a professor-level senior engineer and long-serving executive within the group, brings extensive experience from roles at the Guixi Smelter and various Jiangxi Copper subsidiaries, and the company confirmed that his qualifications meet all regulatory requirements for senior management of a listed firm, underscoring a continuity-focused leadership reinforcement rather than a strategic shift.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$39.80 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Moves to Fully Acquire SolGold in All‑Cash Deal
Dec 29, 2025

Jiangxi Copper Company announced that its subsidiary JCHK has agreed terms with the board of SolGold plc for a recommended all‑cash acquisition of SolGold’s entire issued and to‑be‑issued share capital via a UK scheme of arrangement under the Companies Act, following its earlier purchase of a 5.24% stake in the company. The deal, which values the remaining SolGold shares at up to about GBP 764.4 million and will make SolGold an indirect wholly owned subsidiary whose results will be consolidated into Jiangxi Copper’s accounts, constitutes a discloseable transaction under Hong Kong listing rules; completion remains subject to SolGold shareholder approval and other conditions, and the company has cautioned investors that the acquisition may or may not proceed.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$39.80 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Announces Revised Offer for SolGold
Dec 14, 2025

Jiangxi Copper Company Limited has announced a revised possible offer for SolGold plc, an overseas-listed company, through its subsidiary Jiangxi Copper (Hong Kong) Investment Company Limited. This move indicates Jiangxi Copper’s strategic intent to expand its influence in the global mining sector, potentially impacting its operations and market positioning. Stakeholders are advised to exercise caution in dealing with the company’s securities as further updates will be provided.

The most recent analyst rating on (HK:0358) stock is a Sell with a HK$28.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Eyes SolGold Acquisition with Non-Binding Offers
Nov 30, 2025

Jiangxi Copper Company Limited has announced its submission of two non-binding cash offers to acquire SolGold Plc, a company listed on the London Stock Exchange. The offers, both rejected by SolGold’s board, propose acquiring the entire share capital at 26 pence per share. Currently, Jiangxi Copper holds approximately 12.19% of SolGold’s issued shares. The potential acquisition remains uncertain as Jiangxi Copper evaluates its next steps, with a deadline set for December 26, 2025, to make a firm offer or withdraw. This move could significantly impact Jiangxi Copper’s strategic positioning in the global mining industry, potentially enhancing its resource base and market influence.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$33.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Jiangxi Copper Announces 2025 Q3 Results Briefing
Nov 20, 2025

Jiangxi Copper Company Limited has announced the convening of its 2025 third quarterly results briefing, scheduled for November 26, 2025. The briefing aims to provide investors with a comprehensive understanding of the company’s current affairs and will be conducted online via the SSE Roadshow Centre. Key company executives will participate, and investors are encouraged to submit questions in advance to facilitate efficient communication. This initiative underscores the company’s commitment to transparency and active engagement with its stakeholders.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$33.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 31, 2026