China Daye Non-Ferrous Metals Share Plunge on Expected 44% Profit Decline
MT Newswires Live
Yesterday
China Daye Non-Ferrous Metals Mining (HKG:0661) expects a 44% year-over year decline in profit for 2025 to 5.4 million yuan, according to a Friday Hong Kong bourse filing.
Shares of the copper seller were down 30% in Monday afternoon trading.
On the other hand, annual revenue is expected to increase by 14% to 66.1 billion yuan.
The firm attributed the forecast to the two-way effect of the concentrated and accelerated release of domestic and foreign smelting capacity and the tight supply of copper concentrate.
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.