Movement Alert｜CHINFMINING Rises 3.98% in Regular Trading, Board Reviews Interim Results Amid 60% Profit Surge

Market Focus

Aug 21

On August 21, CHINFMINING rose 3.98% in regular trading, trading at HK$14.86/share, with turnover of HK$43.32 million.

On the news front, the company's board of directors is convening today to review its interim results and dividend matters for the first half of the year. The company had previously issued a positive profit alert, forecasting attributable profit of approximately US$420 million for the six months ended June 30, representing a year-on-year increase of approximately 60%. The board attributed the significant earnings growth primarily to rising international copper prices and higher sulfuric acid prices during the period.

Within the Copper sector, individual stocks showed broad gains. Among peers, JINXUN RESOURCE up 4.58%, CDAYENONFER up 4.35%, JIANGXI COPPER up 2.43%, JINCHUAN INTL flat, CMRU flat.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The company had previously issued a positive profit alert, forecasting attributable profit of approximately US$420 million for the six months ended June 30, representing a year-on-year increase of approximately 60%. The board attributed the significant earnings growth primarily to rising international copper prices and higher sulfuric acid prices during the period.</p><p>Within the Copper sector, individual stocks showed broad gains. Among peers, JINXUN RESOURCE up 4.58%, CDAYENONFER up 4.35%, JIANGXI COPPER up 2.43%, JINCHUAN INTL flat, CMRU flat.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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