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One of China's largest copper miners and smelters, also producing gold and silver as byproducts.
One of China's largest copper miners and smelters, also producing gold and silver as byproducts.
Earns from mining its own copper ore and from smelting bought-in concentrate, where it keeps the treatment charge paid by miners plus by-product gold, silver and sulphuric acid. This is the Hong Kong-listed share class; a Jiangxi provincial state-owned group controls the company, which holds a large stake in Canada's First Quantum Minerals.
In one line: A Chinese Freeport-McMoRan for copper mining and smelting.
Moat: none (scale). Scale smelting capacity, but copper is a commodity with no pricing power.
Headquarters: Nanchang, China · Founded: 1979 · Employees: 26,740
Size Jiangxi Copper (0358.HK) is a Hong Kong Materials company (Other Metals/Minerals) with a market value of $14.3B, the 119th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$24.36 on 6 Nov 2026.
Performance Over six months the shares fell 36.5%, against -23.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 22.0% over the last twelve months (peer median +27.6%); the operating margin is 3.7% (peer median 16.0%).
Valuation It trades at 4.7× forward earnings against a peer median of 12.7× (cheapest of 21).
Capital Return on invested capital runs 4.4 points above its cost of capital (6.7% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$663B | HK$589B | HK$558B | HK$575B | HK$556B |
| Revenue growth | — | +5% | -3% | +3% | — |
| Gross profit | HK$30.8B | HK$24.1B | HK$17.3B | HK$13.3B | HK$14.0B |
| EBITDA | HK$28.8B | HK$21.9B | HK$15.1B | HK$11.8B | HK$12.2B |
| Net income | HK$13.3B | HK$8.00B | HK$7.48B | HK$7.45B | HK$6.98B |
| Free cash flow | -HK$6.70B | -HK$15.2B | -HK$11.9B | HK$2.23B | HK$6.82B |
| Capital expenditure | HK$5.98B | HK$4.97B | HK$7.15B | HK$7.53B | HK$6.18B |
| Total debt | n/a | HK$88.2B | HK$75.3B | HK$67.3B | HK$63.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jiangxi Copper 0358.HK | $14.3B | -36% | +22% | 4% | 4.7× | n/a |
| Zijin Mining 2899.HK | $111B | -23% | +21% | 30% | 8.3× | -6.0% |
| MMG 1208.HK | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% |
| Freeport-McMoRan FCX | $85.3B | -4% | 0% | 24% | 14.3× | 16.3% |
| Southern Copper SCCO | $143B | -9% | +39% | 59% | 21.5× | 6.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0358.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.0% | -14.9% | 3rd lowest of 21 |
| 6-month return | -36.5% | -23.8% | 6th lowest of 21 |
| Distance from 52-week high | -54.7% | -42.3% | 7th lowest of 21 |
| Revenue growth (TTM) | +22.0% | +27.6% | 9th lowest of 21 |
| Operating margin | 3.7% | 16.0% | lowest of 21 |
| Forward P/E | 4.7× | 12.7× | cheapest of 21 |
| ROIC minus cost of capital | +4.4 pp | +2.0 pp | 9th highest of 21 |
| Net debt / EBITDA | 1.8× | 0.6× | 2nd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangxi Copper 0358.HK | Hong Kong | $14.3B | -36% | +22% | 4% | 4.7× | n/a | n/a |
| Korea Zinc 010130.KS | South Korea | $14.4B | -39% | +53% | 8% | 16.2× | n/a | n/a |
| KGHM Polska Miedz KGH.WA | Poland | $14.1B | -27% | +27% | 20% | 6.4× | 1.6% | +9.2% |
| Boliden BOL.ST | Sweden | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% | +10.7% |
| JX Advanced Metals 5016.T | Japan | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% | -18.6% |
| Carpenter Technology CRS | United States | $13.8B | -35% | +10% | 23% | 20.0× | 17.4% | +16.2% |
| South32 S32.AX | Australia | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% | +3.2% |
| China Tungsten & Hightech Materials 000657.SZ | China | $13.2B | -34% | +66% | 16% | 21.0× | n/a | n/a |
| Sumitomo Metal Mining 5713.T | Japan | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% | +13.5% |
| China National Uranium 001280.SZ | China | $17.9B | -29% | +15% | 14% | 47.7× | n/a | n/a |
| Lundin Mining LUN.TO | Canada | $18.1B | -18% | +29% | 36% | 14.1× | 15.2% | +13.9% |
| MMG 1208.HK | Hong Kong | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% | +15.6% |
| First Quantum Minerals FM.TO | Canada | $19.5B | -1% | +28% | 23% | 15.2× | n/a | n/a |
| Western Mining 601168.SS | China | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% | +16.5% |
| Tongling Nonferrous Metals 000630.SZ | China | $9.83B | -20% | +46% | 6% | 10.5× | n/a | n/a |
| Hudbay Minerals HBM.TO | Canada | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% | +15.8% |
| Zhejiang Huayou Cobalt 603799.SS | China | $9.30B | -50% | +38% | 12% | 9.3× | n/a | n/a |
| Hindalco Industries HINDALCO.NS | India | $22.7B | -9% | +20% | 11% | 8.6× | n/a | n/a |
| ATI ATI | United States | $23.9B | +11% | +9% | 18% | 28.0× | 20.6% | +9.0% |
| Lynas Rare Earths LYC.AX | Australia | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% | +14.9% |
| Xiamen Tungsten 600549.SS | China | $8.55B | -37% | +67% | 10% | 13.2× | n/a | n/a |