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[Brokerage Focus] Minsheng Securities maintains a "recommended" rating for CHINFMINING (01258), indicating the company's own Copper production is recovering and Copper prices are rising.
Jingu Financial News | According to a Research Report from Minsheng Securities, CHINFMINING (01258) announced its 2024 annual report and 2025 first-quarter report on April 25. In 2024, the company achieved a revenue of 3.817 billion USD, a year-on-year increase of 5.8%, and a Net income of 0.399 billion USD, a year-on-year increase of 43.6%. In Q4 2024, the company's Net income was 0.085 billion USD, a year-on-year increase of 273.9%, but a quarter-on-quarter decrease of 11.1%; in Q1 2025, the company achieved a Net income of 0.123 billion USD, a year-on-year increase of 46%, and a quarter-on-quarter increase of 46%.
Express News | China Nonferrous Mining Corp - Produces 35,004 Tonnes Copper Cathodes in Qtr, up 8% YoY
CHINFMINING: 2024 ANNUAL REPORT
Does China Nonferrous Mining (HKG:1258) Have A Healthy Balance Sheet?
Goldman Sachs Backs 'Copper Tariff Trade' If Trump Slaps 25% Duty On US Imports
Improved tariff expectations combined with inflation support lead to rising Copper prices and gold prices reaching new highs.
Summary: Last week, the tariff issues continued to ease, and both China and the United States expressed a willingness to engage in dialogue on tariffs under certain conditions. Market risk appetite has improved, and the focus is on whether there will be further substantial actions in the future.