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Zijin Mining's stock price in Hong Kong hit a new intraday low in the past four months. Currently, it is the biggest individual stock dragging down Hong Kong's Hang Seng Index. The net profit for the third quarter previously announced by the company was lower than estimated. Citibank analyst Jack Shang said in the report that the company's recurring net profit was slightly lower than expected, mainly due to rising costs of mineral gold, copper, and mineral lithium, and lower sales volume than expected; profit attributable to affiliated companies also fell short of expectations.
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Zijin Mining's stock price in Hong Kong hit a new intraday low in the past four months. Currently, it is the biggest individual stock dragging down Hong Kong's Hang Seng Index. The net profit for the third quarter previously announced by the company was lower than estimated. Citibank analyst Jack Shang said in the report that the company's recurring net profit was slightly lower than expected, mainly due to rising costs of mineral gold, copper, and mineral lithium, and lower sales volume than expected; profit attributable to affiliated companies also fell short of expectations.
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