Jiangxi Copper Company Limited

0358
Failed

Company Overview

The company was founded in 1979 and has the honorable mission of “getting rid of the backwardness of China's copper industry and revitalizing China's copper industry” given by the country. Over the past 40 years, benefiting from the country's continuous economic growth and due to its own expertise and focus, it has become a large manufacturer of cathode copper and a supplier of a full range of copper processing products in China. The company's main business covers the mining, smelting and processing of copper, extraction and processing of precious metals and dispersion metals, vulcanization, and finance, trade, etc., and has established a complete industrial chain integrating exploration, mining, beneficiation, smelting and processing in the field of copper and related non-ferrous metals. The company's products include: cathode copper, gold, silver, sulfuric acid, copper rods, copper tubes, copper foil, selenium, tellurium, bismuth, etc. Enterprise honors: “Complex Lead-Zinc Sulfide High Concentration Flotation Rate Flotation Application” declared by the Group Won the first prize of the Jiangxi Science and Technology Progress Award, “Building a dam based on a mid-line tailings “Key Technologies for the Construction and Operation of French Tailings Dams” won the third prize of the Jiangxi Science and Technology Progress Award.

Country
HK
Market Cap
$4.90B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.42% passed
5% Threshold
0.4%
Liabilities Compliance
162.38% failed
33% Threshold
162.4%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Jiangxi Copper Company Limited
Ticker 0358
Main Business Copper
Type Common Stock
Industry Copper
Country HK
Market Cap $4.90 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Copper-related industries $235,250.0 $0.0 -
Gold-related industries $31,500.0 $0.0 -
Interest income $1,120.5 $1,120.5 -
Total $267,870.5 $1,120.5 0.42% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $5,245,098,039.2 107.10%
derivative financial instrument current liabilities $96,289,916.0 1.97%
long term bank loan $1,903,361,344.5 38.87%
convertible notes and bonds $707,282,913.2 14.44%
Total Interest-Bearing Debt $7,952,032,212.9 162.38%
Market Capitalization $4,897,230,769.2 100.00%
Compliance Status Threshold: 33% failed