JIXAY Jiangxi Copper Co Ltd featured news, full reports, and detailed charts
Jiangxi Copper Co Ltd (JIXAY/JIXAY.PK) Wrap Up:
Jiangxi Copper Company Limited, through its subsidiaries, operates as an integrated producer of copper in China. Its operations consist of copper mining, milling, smelting, and refining to produce copper cathode and other related products, including pyrite concentrates, sulphuric acid, and electrolytic gold and silver. The company also provides smelting and refining services pursuant to tolling arrangements for customers. In addition, it engages in trading of sulphuric acid and silver ingots; manufacture and processing of copper rods and wires; refining of copper concentrate to produce blister copper; sale of copper materials, precious metal materials, and sulphuric concentrate powder; and r...Jiangxi Copper Co Ltd (JIXAY:OTC)
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Market Cap
10.1B
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Total Revenue
45.2B
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EBITDA
2.4B
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DILUTED EPS TTM
-0.02
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P/E
--
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P/S
2.8x
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Return On Asset
2.42
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Return On Equity
-0.34
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| K = Thousands M = Millions B = Billions | ||
JIXAY Top Compensated Officers
Executives, Board Directors
Key developments for Jiangxi Copper Co Ltd (JIXAY)
Jiangxi Copper Co. Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net profit attributable to shareholders of the company of CNY 560,942,618 or CNY 0.16 per diluted share on revenue of CNY 13,054,919,293 against profit attributable to shareholders of the company of CNY 1,039,880,487 or CNY 0.34 per diluted share on revenue of CNY 15,258,790,008 in the same period of last year. Operating profit was CNY 777,044,356 compared to CNY 1,495,557,011 a year ago. Return on net assets (fully diluted) was 2.51%. Return on net assets after non-recurring profit and loss items was (fully diluted) was 3.09%. For the nine months, the company reported net profit attributable to shareholders of the company of CNY 1,762,845,682 or CNY 0.51 per diluted share on revenue of CNY 34,407,512,143 against profit attributable to shareholders of the company of CNY 4,121,064,897 or CNY 1.36 per diluted share on revenue of CNY 43,196,409,554 in the same period of last year. Operating profit was CNY 2,318,401,774 compared to CNY 5,578,497,699 a year ago. Return on net assets (fully diluted) was 7.88%. Return on net assets after non-recurring profit and loss items was (fully diluted) was 7.50%. Net cash from operating activities was CNY 2,544,972,701 or CNY 0.84 per share against CNY 4,119,207,119 for the same period a year ago. The decrease in the net cash flow from operating activities was mainly attributable to the reduction in income from principal operations and the increase in accounts receivable during the period.
Jiangxi Copper Co. Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2009. For the period, the company reported profit attributable to shareholders of the company of CNY 1,270,668,000 or CNY 0.40 per diluted share on revenue of CNY 21,212,232,000 against profit attributable to shareholders of the company of CNY 3,082,945,000 or CNY 1.02 per diluted share on revenue of CNY 27,799,237,000 in the same period of last year. Profit before income tax was CNY 1,654,403,000 against CNY 4,070,125,000 for the same period a year ago. Net cash from operating activities was CNY 2,340,924,000 against CNY 2,253,362,000 for the same period a year ago. Purchase of plant and equipment was CNY 1,182,845,000 compared to CNY 328,584,000 for the same period of last year.
Jiangxi Copper Co. Ltd. reported earnings and production results for the first six months of 2009. For the period, the company's net profit fell 59% to CNY 1.27 billion or CNY 0.42 a share from CNY 3.08 billion or CNY 1.02 a share, a year earlier. Revenue fell nearly 24% to CNY 21.21 billion from CNY 27.8 billion. For the period, the company produced 370,000 metric tons of copper cathode, up 1.4% from 365,000 metric tons produced in the first half of 2008, while gold output rose 39% and silver rose 19.5% from a year earlier.
JIXAY Competitors
| Company | Last | Change |
| Aurubis | €28.59 EUR | +0.09 |
| China Natural Resources Inc | $10.46 USD | +0.01 |
| Kazakhmys (WI) | 1,266 GBX | -7.00 |
| KGHM | 107.00 PLN | +1.90 |
| Mitsubishi Materials Corporation | ¥209.00 JPY | +2.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | JIXAY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.8x |
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| Price/Book | 5.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 1.2x |
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JIXAY |
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JIXAY transactions
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| No transactions in the last 6 months. | ||
More Recent News About Jiangxi Copper Co Ltd
More news for JIXAY
Copper, Semiconductors Will Lead Recovery
With the S&P 500 Index up 19% in the past month, people are wondering if the stock market hit bottom in March. Before you make your call, let's look at some early economic indicators. The first measure is copper, the metal's spot prices and stocks in the copper business. Demand for copper rises when manufacturing activity picks up, offering an early sign of growth. The chart below shows three ways to invest in copper: the iPath DJ-AIG Copper Total Return Sub-Index Exchange Traded Note, Freeport-McMoRan and Jiangxi Copper. Not surprisingly, the correlation among the three is high. The iPath DJ-AIG Copper Total Return Sub-Index ETN is a way to access the commodity. Freeport-McMoRan is a mining company that recently became a major player in copper with its purchase of Phelps Dodge. Jiangxi is the Phelps Dodge of China. Building and manufacturing requires copper. The need for copper should push spot prices higher, which brightens the prospects of copper stocks like Freeport-McMoRan and Jiangxi. In contrast to...Click here to read the whole Article (external link)