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JINCHUAN INTL: INTERIM REPORT 2024
These 4 Measures Indicate That Jinchuan Group International Resources (HKG:2362) Is Using Debt Extensively
Earnings conference highlights | Jinchuan Intl (2362.HK) turns losses into profits in the interim report, demonstrating strong long-term value.
Recently, Jinchuan International (2362.HK) released its 2024 interim performance and held a roadshow to showcase the company's operational and financial performance in the first half of this year to the market and investors. Overall, in the face of global economic fluctuations and changing market expectations, Jinchuan International achieved a significant improvement in profitability in the first half of the year through optimized operations and cost control. The net loss turned into a profit, and the profitability has significantly improved. The financial report shows that the company achieved revenue of 0.283 billion US dollars and a net income of approximately 12.78 million US dollars in the first half of 2024, successfully turning the loss into a profit, demonstrating the company's strong resilience in the face of market challenges.
Jinchuan Intl (2362.HK) long-term growth potential: The time to reevaluate the value of high-quality copper mines is approaching as the Federal Reserve prepares to cut interest rates.
On August 23rd, Federal Reserve Chairman Powell stated during the Jackson Hole central bank meeting: The time for policy adjustments has come. The market generally believes that this is the most clear rate cut signal released by the Federal Reserve so far. A report by China International Capital Corporation pointed out that Powell's speech essentially confirms the likelihood of a rate cut in September, as expected. GTJA believes that there is a high probability of a 25 basis point rate cut by the Federal Reserve in September, with a greater possibility of three rate cuts throughout the year. According to the CME interest rates futures, the market believes that the probability of a rate cut in September has reached 100%, with a 76% chance of a 25 basis point cut and a 24% chance of a 50 basis point cut. Overall, the Federal Reserve is expected to cut interest rates.
Jinchuan Group International Resources Turns to Profit in H1
Jinchuan Intl (02362) announced its interim performance, with a net profit attributable to shareholders of 9.241 million US dollars, a turnaround from a loss.
Jinchuan Intl (02362) has released its interim results for the six months ended June 30, 2024, and the group has achieved earnings...
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