China Daye Non-Ferrous Metals Mining Limited ( (HK:0661) ) has issued an update.
China Daye Non-Ferrous Metals Mining Limited has issued a profit warning, indicating a significant decrease in profit for the year ended December 31, 2024, compared to 2023. This decline is attributed to the increased release of smelting capacity and a tight supply of copper concentrate, which led to reduced smelting processing charges. Despite a 29.18% increase in revenue, the profit decreased by approximately 95.26%, highlighting the challenging market conditions faced by the company.
More about China Daye Non-Ferrous Metals Mining Limited
China Daye Non-Ferrous Metals Mining Limited operates in the non-ferrous metals mining industry, focusing primarily on the production and processing of metals such as copper. The company is involved in both domestic and international markets, aiming to leverage its smelting capabilities.
YTD Price Performance: 6.00%
Average Trading Volume: 4,513,388
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$930.6M
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