Chang Jiang Shang Bao·2025-06-08 23:20Core Viewpoint - Jiangxi Copper, China's largest copper processing company, has seen its major shareholder, Jiangxi Copper Group, increase its stake in the company, reflecting confidence in its future development [1][6]. Shareholder Actions - Jiangxi Copper Group completed its H-share buyback plan, spending 850 million yuan to acquire 69.226 million H-shares, which is 2% of the total share capital, raising its ownership to 45.72% [1][5][8]. - The buyback plan was initiated to boost investor confidence and was executed within a six-month timeframe [4][8]. Financial Performance - In 2024, Jiangxi Copper reported a revenue of 520.928 billion yuan, a slight decrease of 0.18% year-on-year, while the net profit attributable to shareholders increased by 7.03% to 6.962 billion yuan [3][14]. - The company has consistently paid cash dividends, distributing 2.417 billion yuan in 2024, with a dividend payout ratio of 34.17% [9][10]. Research and Development - Jiangxi Copper's R&D investment for 2024 is 6.012 billion yuan, with a total of 16.892 billion yuan invested from 2022 to 2024 [3][12]. - The company has made significant advancements in technology, including the development of green mining agents and low-grade ore resource utilization [11][12]. Market Position and Resources - Jiangxi Copper is recognized as a leading copper production base in China, with substantial resources including 8.8991 million tons of copper metal and 239.08 tons of gold [10]. - The company has maintained a stable profit growth trajectory, with net profits increasing from 5.636 billion yuan in 2021 to 6.962 billion yuan in 2024 [14].