智通财经网·2025-12-16 05:39Core Viewpoint - Citigroup's report indicates that while Jiangxi Copper's (00358) copper smelting business gross profit is expected to decline year-on-year next year, the anticipated increase in copper, gold, and sulfuric acid prices will drive the company's overall gross profit up, leading to an upgrade in target prices for both H-shares and A-shares [1] Group 1: Financial Projections - The target price for Jiangxi Copper's H-shares has been raised from HKD 27.9 to HKD 39.8 [1] - The target price for Jiangxi Copper's A-shares has been increased from CNY 33.8 to CNY 47.9 [1] - The forecast for copper prices next year is set at USD 12,750 per ton, while gold prices are projected at USD 3,925 per ounce [1] Group 2: Earnings Forecast Adjustments - Earnings forecasts for the company for the years 2025 to 2027 have been adjusted upwards by 8%, 38%, and 11%, resulting in projected earnings of CNY 8.2 billion, CNY 11.8 billion, and CNY 11.5 billion respectively [1] Group 3: Investment Rating - Citigroup maintains a "Buy" rating for both A-shares and H-shares, citing attractive current valuations [1]