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Zangge Mining (000408): Performance is in line with expectations, maintaining the cost advantage of lithium carbonate
Key investment points 24Q1 achieved net profit of 530 million yuan to mother, an increase of 17%, in line with market expectations. Q1 revenue in '24 was 600 million yuan, down 55% from the same period, down 41%, net profit to mother was 530 million yuan, down 43% from the same period.
Zangge Mining (000408.SZ): Net profit of 529 million yuan in the first quarter decreased by 42.51% year on year
On April 29, Ge Longhui | Zangge Mining (000408.SZ) released its first quarter report. Operating revenue was 614 million yuan, down 55.28% year on year, net profit of 529 million yuan, down 42.51% year on year, after deducting non-net profit of 578 million yuan, down 36.83% year on year, with basic earnings of 0.34 yuan per share.
SDIC Securities: Increased copper supply disturbances are expected to drive continued price breakthroughs
The Zhitong Finance App learned that SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a decrease in production. Copper mine production cuts continue to occur, and expectations for the resumption of production at the Cobre Panama and Sossego copper mines, which were cut off earlier, have been postponed again. Britain and the US sanctioned Russian metals and restricted Russian aluminum, copper and nickel transactions in LME and CME. Russian Copper accounts for 62.1% of LME inventory, which limits delivery or raises market concerns about the risk of overclosing positions. The supply-side logic continues to be implemented. We continue to be optimistic that the copper price will move further upward after the breakthrough, and we will continue to recommend the copper sector. Recommended to follow
Huafu Securities released a research report on April 21 stating that it gave a purchase rating to Zangge Mining (000408.SZ), and the target price was 37.16 yuan. The main reasons for the rating include: 1) the lithium carbonate business became the second
Huafu Securities released a research report on April 21 stating that it gave a purchase rating to Zangge Mining (000408.SZ), and the target price was 37.16 yuan. The main reasons for the rating include: 1) the lithium carbonate business became the second largest producer of potassium chloride in China, which settled in to expand potash production capacity in Laos; 3) participating in Julong Copper and continuing to enjoy a high return on investment. (Mainichi Keizai Shimbun)
Zangge Mining (000408): Dragon Empowers the Potassium-Lithium Dual Business
Key investment points: The lithium carbonate business creates the second pole in the company's performance growth. The company's lithium resources mainly come from old halogen, a by-product of preparing potassium chloride from Dongqar Khan Salt Lake, and has developed a complete “absorption film” process to address the problem of the high magnesium-lithium ratio of old halogen. incorporation
Zangge Mining (000408.SZ): Julong Copper Mine has resources of 19.27 million tons of copper, 10,600 tons of silver, and 1.2 million tons of molybdenum
Gelonghui April 18 丨 Zangge Mining (000408.SZ) recently held an investor relations event to discuss “Julong Copper Mine's production situation last year? What are the current resource reserves?” The company replied that the Julong Copper Mine has resources of 19.27 million tons of copper, 10,600 tons of silver, and 1.2 million tons of molybdenum; in 2023, it will produce 154,400 tons of copper, 5,596 tons of molybdenum, 633 kilograms of gold, and 105.7 tons of silver.
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