On July 12th, Gelunhui, North Copper(000737.SZ), announced its performance forecast for the first half of 2024. The net income attributable to the company's shareholders during the reporting period is expected to be CNY 0.422 billion to CNY 0.452 billion, a year-on-year increase of 41% to 51%. The net income after deducting non-recurring gains and losses is expected to be CNY 0.424 billion to CNY 0.455 billion, a year-on-year increase of 38% to 48%. The basic EPS is expected to be CNY 0.238/share- CNY 0.255/share.
In the first half of 2024, the market price of non-ferrous metal products rose compared to the previous year. The company seized the market opportunities, strengthened internal management, reduced costs and increased efficiency, and achieved steady growth in operating performance.