China Rare Earth Nonferrous Metals disclosed its first-half earnings forecast, expecting net profit attributable to shareholders of the listed company to be between 370 million and 430 million yuan, a year-on-year increase of 410.35 percent to 493.11 percent. As of July 13, 657 A-share listed companies had disclosed first-half earnings forecasts, with over 60 percent reporting positive results, and sentiment in traditional sectors such as nonferrous metals has significantly improved. As of 10:25 on July 14, the CSI Nonferrous Metals Industry Thematic Index rose 0.63 percent, with constituent China Rare Earth Nonferrous Metals up 5.66 percent, Chihong Zinc and Germanium up 4.16 percent, and Aluminum Corporation of China up 3.08 percent. The ChinaAMC Nonferrous Metals ETF rose 0.62 percent, and the ChinaAMC Rare Metals ETF rose 1.02 percent.
Rising Nonferrous Metals Share Co LtdCompany forecasts over 400% net profit surge for first half.
Yunnan Chihong Zinc&Germanium Co LtdMentioned as part of nonferrous sector rally; no company-specific news.
Aluminum Corp of China LtdMentioned as part of nonferrous sector rally; no company-specific news.
Yantai Moon Co Ltd