Home / Metal News / Jintian Copper: Currently, the company's direct export sales revenue to the United States accounts for a relatively small proportion. The fluctuation in copper prices has a relatively small impact on the company's operating performance.

Jintian Copper: Currently, the company's direct export sales revenue to the United States accounts for a relatively small proportion. The fluctuation in copper prices has a relatively small impact on the company's operating performance.

iconApr 7, 2025 17:15
Source:SMM
When asked, "Copper prices have recently declined somewhat. Will this affect the company's production and operations?" Jintian Co., Ltd. responded on the investor interaction platform on April 7: The company's copper processing products adopt a pricing model of "raw material prices + processing fee," which can effectively conduct cost transmission. At the same time, the company strictly follows the "Hedging Management System" to carry out hedging operations to reduce the impact of raw material price fluctuations on the company's net profit. Currently, the fluctuation in copper prices has a relatively small impact on the company's operating performance, and the company's production and operations are normal in all aspects. Regarding "How much will the US tariff hike affect the company's product exports? What is the ratio of your product export volume to domestic sales volume?" Jintian Co., Ltd. responded on the investor interaction platform on April 7: Currently, the company's direct export sales revenue to the US accounts for a relatively small proportion, and according to the tariff exemption list, copper and several other metal materials are not subject to this reciprocal tariff policy. Overall, the US tariff hike will not have a significant adverse impact on the company's operating performance. The company will continue to monitor changes in the overseas market environment, maintain close communication with customers, actively prepare for risk responses, and steadily advance the development of various businesses. Currently, the company's production and operations are normal and orderly. For the latest sales data, please pay attention to the company's upcoming annual report. Jintian Co., Ltd. announced on the evening of April 1 that from the start date of this repurchase implementation to March 31, 2025, the company has cumulatively repurchased approximately 3.61 million shares through centralized bidding transactions, accounting for 0.24% of the company's current total share capital. The highest transaction price was 6.16 yuan per share, the lowest was 5.87 yuan per share, and the total amount of funds paid was approximately 21.77 million yuan. Jintian Co., Ltd. stated on the investor interaction platform on March 26: The company has a good customer base and technical reserves in the field of offshore engineering equipment, and some of the company's products have been applied in scenarios such as submarine cables. The company will closely monitor and follow the market demand in the field of offshore engineering equipment, further improve the product series, and enhance the competitive advantage of products. For other specific relevant information, please continue to pay attention to the periodic reports. Jintian Co., Ltd. stated on the investor interaction platform on March 14: The company has a good customer base and technical reserves in the field of artificial intelligence, and some of the company's products have been applied in the field of artificial intelligence. The company will closely monitor and follow the market demand in the field of artificial intelligence, further improve the product series, and enhance the competitive advantage of products. For other specific relevant information, please continue to pay attention to the periodic reports. Jintian Co., Ltd. stated on the investor interaction platform on November 5, 2024: The company began to lay out the magnetic materials business as early as 2001. After more than 20 years of development, it has become one of the enterprises with higher technical levels and a more comprehensive product series among domestic peers. The company's subsidiary, Ketian Magnetic Industry, was selected as a "Little Giant" enterprise in the fifth batch of specialized and sophisticated "Little Giant" enterprises by the MIIT and became one of the first batch of "Specialized and Sophisticated" enterprises in Ningbo in 2023. The company's rare earth permanent magnet products are widely used in NEVs, wind power generation, high-efficiency energy-saving motors, robots, consumer electronics, medical devices, and other fields. Currently, the first phase of the company's rare earth magnetic materials base in Baotou has been completed, which is conducive to better enhancing the scale effect and market share. Jintian Co., Ltd. previously disclosed the third quarter report of 2024, showing that the company achieved operating revenue of 91.844 billion yuan in the first three quarters, up 11.78% YoY; net profit attributable to the parent company was 288 million yuan, down 24.95% YoY; and non-GAAP net profit was 131 million yuan, down 55.93% YoY. In the stock market: On April 7, the market opened low and closed low throughout the day, with the three major indices collectively falling. The ChiNext Index fell by 12.5%, marking the largest single-day decline in history. The Shanghai Composite Index lost 3,100 points, with more than 5,200 stocks falling across the market and over 2,900 stocks hitting the daily limit down. Jintian Co., Ltd. also hit the daily limit down on April 7. As of the close on the 7th, Jintian Co., Ltd. fell by 10.05%, closing at 5.64 yuan per share.

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