UBS released a research report sayingslotparkfreecodes, Jiangxi Copper (00358)'s first-quarter results met expectationsslotparkfreecodes, investors are expected to respond well to the results, so maintain a "neutral" rating, with a target price of 13slotparkfreecodes.6 Hong Kong dollars. China's copper prices (excluding value-added tax) increased by 1.5 percent quarter-on-quarter in the first quarter of this yearslotparkfreecodes.7% to RMB 61,347 per ton, based on Jiangxi Copper's annual guidance output of 200,000 tons. If quarterly output is evenly distributed, copper prices are expected to increase gross profit by RMB 52 million quarterly. As for the 4% quarter-on-quarter increase in gold prices in the first quarter, if Jiangxi Copper's self-mining metal by-products last year were 5 tons, it is expected to increase gross profit by 25 million yuan quarter-on-quarter with the average distribution of quarterly output.