Nearly 70% of non-ferrous metal stocks saw an increase in net profit in the first three quarters.

Since the beginning of this year, the performance of non-ferrous metal stocks in the secondary market has been impressive overall. Wind data shows that all 141 listed companies in the non-ferrous metals industry of the Shenwan First Level have already released their third-quarter reports. In the first three quarters, 108 companies achieved year-on-year growth in revenue scale, and 96 companies saw year-on-year growth in net profit attributable to shareholders, accounting for nearly 70%, with 23 companies experiencing a year-on-year growth rate of more than double. At the same time, listed companies in the industry have been extending their industrial chain layout through mergers and acquisitions, external investments, and other actions. Institutions believe that in the fourth quarter, resource prices in the non-ferrous metals industry are expected to rise, despite the presence of supply disturbance factors in major metal varieties. The main logic has not yet reached a turning point, and continued optimism is maintained for the future performance of relevant sectors.