JCHX(603979)2024-11-04 08:19Group 1: Copper Mining Projects - Lonshi copper mine has discovered three main copper bodies with stable continuity, but resource estimation is still pending [1][2] - Lubambe copper mine project completed the equity transfer, with the company holding 70% of the shares post-transfer [3] - Dikulushi copper mine plans to produce approximately 10,000 tons of copper concentrate in 2024, while Lonshi aims for 20,000 tons of copper metal production [3][4] Group 2: Overseas Business and Revenue - Overseas revenue accounted for 64.51% of the company's main business income in 2023 [3] - The company is focusing on increasing its overseas business scale and enhancing its service offerings [4] Group 3: Financial Management and Risks - The company has established foreign exchange management policies to mitigate risks associated with currency fluctuations [6] - The impact of exchange rate fluctuations on the company's performance is minimal due to limited foreign currency transactions [6] Group 4: Future Outlook and Strategy - The company anticipates that global copper supply will be constrained due to declining average ore grades and low capital expenditures, supporting long-term copper price stability [6] - Future acquisition plans will focus on exploration to increase reserves, particularly in copper and precious metals [6]