000408 Zangge Mining
- 28.54
- -0.13-0.45%
Zangge Mining News
Hongqiao Group (08137.HK) signed a memorandum of understanding on technical consulting services with Zangge Mining
Gelonghui May 3 丨 Hongqiao Group (08137.HK) issued an announcement. On May 3, 2024, the company and Zangge Mining (000408.SZ) signed a non-legally binding technical consulting service memorandum. The company is currently discussing and reviewing several salt lake lithium extraction projects in South America, and will require professional technical consultants to carry out project analysis and planning. Zangge Mining has experience in developing lithium salt lakes. Its self-developed process solved the problem of extracting lithium from ultra-low salt lake brine and problems such as excessive boron in salt lake lithium products, greatly improving product quality and reducing product costs. At the same time, Zangge Mining
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.
Zangge Mining (000408.SZ): The second phase of the Julong Project renovation and expansion project has been approved by relevant departments, and construction will be fully started in 2024
Gelonghui April 18 丨 Zangge Mining (000408.SZ) recently held an investor relations event to discuss “Dragon Phase II construction plan? When is Phase 3 expected to start?” The company replied that the second phase of the Julong project has been approved by the relevant departments, and construction will be fully completed and put into operation by the end of 2025. After delivery, the overall annual ore volume will exceed 100 million tons, and the annual mineral copper will reach 30-350,000 tons. At that time, it will become the largest domestic single copper mine to be put into operation in this century; the project will further plan the third phase of the project, if approved, the most
Zangge Mining (000408.SZ): Aiming to complete and put into operation the Mamicuo Salt Lake Phase I 50,000 ton project by the end of 2024
Gelonghui, April 18 | Zangge Mining (000408.SZ) recently launched an investor relations campaign to ask, “Can Mamicuo be built by the end of this year?” The company replied that preliminary preparations for the construction of the Mamicuo project have been completed, such as selecting the production workshop site, installing the activity housing and employee dormitories required for the project, leveling the land occupied by the production workshop, and constructing more than 20 kilometers of roads in the mining area. The company has a successful experience in building a lithium carbonate production line in Chaerhan. On this basis, the company will make every effort to complete and put into operation the Mamicuo Salt Lake Phase I 50,000 ton project by the end of 2024.
The former richest man in Qinghai was also involved in a criminal case, reducing his holdings by 460 million yuan in compensation to Zangge Mining
As a result of his involvement in a criminal case, Xiao Yongming was placed under residential surveillance measures.
Express News | Zangge Mining: Xiao Yongming's coercive measures have no impact on the company's daily operations
A-share changes | Zangge Mining once fell to a standstill, and the actual controller involved in a criminal case was taken coercive measures
Gelonghui, April 16 | Zangge Mining (000408.SZ) once hit a halt. It has now dropped 9.46% to 29.29 yuan, with a total market value of 46.29 billion yuan. According to the Zangge Mining announcement, it recently received a notice from the family of Xiao Yongming, the actual controller of the company, that Xiao Yongming was living under surveillance at the designated residence by the Zigong Public Security Bureau due to suspected criminal cases. Xiao Yongming currently does not hold the position of director, supervisor or senior management of the company. The above matters do not have a significant impact on the company's daily production and operation; nor will it cause major uncertainty about the company's shareholding, nor will it adversely affect the stability of the company's control rights
Zangge Mining in the midst of a vortex: the actual controller's former “richest man in Qinghai” criminal case, the subsidiary has already been taxed twice
① Following the recent tax inspection of the subsidiary, Zangge Mining announced tonight that the actual controller, Xiao Yongming, had been taken coercive measures in a suspected criminal case; ② Xiao Yongming was once the richest man in Qinghai. He was sentenced in 2022 for illegal mining, and his sentence was commuted to acquittal the following year.
Zangge Mining (000408): Dragon Ascend Lithium Potassium Helper
Zangge Mining: A high-growth enterprise company with potassium-lithium-copper three-wheel drive was founded in 1996. After years of layout, it has now formed an industrial development model where the copper-lithium-potassium three-block business goes hand in hand. In the early stages of development, the company focused on deepening the potash business, starting with
Zangge Mining (000408.SZ): 2023 equity distribution, 10 transfers, 8 yuan, share registration date April 18
Gelonghui, April 12 | Zangge Mining (000408.SZ) announced that the company's 2023 equity distribution uses a fixed total allocation method. The specific distribution plan is to distribute RMB 8.000.000 (tax included) to all shareholders for every 10 shares based on the company's current total share capital excluding 1,570,514,082.00 shares after 9,920,991.00 shares already repurchased. The share registration date is April 18, 2024, and the excluding dividend date is April 19, 2024.
Once again, it was investigated that it affected the profit and loss of 214 million yuan of listed companies this year! The taxes and fees of the Zangge Mining subsidiary have been added and made up
① Zangge Mining announced today that the subsidiary Zangge Potash will have to pay a total of 480 million yuan in taxes and late fees related to value-added tax, resource tax, corporate income tax, etc. from 2021 to 2023, which is expected to directly affect the profits and losses of listed companies; ② It is worth noting that this is not the first time that Zangge Potash has been subject to tax inspections.
A wholly-owned subsidiary of Zangge Mining (000408.SZ) received a notice on tax matters
Zangge Mining (000408.SZ) announced that Golmud Zangge Potash Co., Ltd. (“Zangge Potash”), a wholly-owned subsidiary of the company, received the “Notice on Tax Matters” (Geshuitong [2024] No. 02) (“Notice”) issued by the Golmud Taxation Bureau of the State Administration of Taxation on April 9, 2024. The relevant matters are now announced as follows:
Express News | Salt Lake Co., Ltd. and Zangge Mining say they were not affected by the Qinghai earthquake
Zangge Mining (000408): The company's performance is under short-term pressure, and I am optimistic that related mining production capacity will be put into operation
Incident: On March 20, 2024, Zangge Mining released its 2023 annual report. The company's revenue for 2023 was 5.226 billion yuan, a year-on-year decrease of 36.22%; net profit to mother was 3.42 billion yuan, compared with the same period last year
Zangge Mining (000408): Potassium as the cornerstone, lithium for growth, copper to help create the future
Potassium chloride supply is tight and demand is increasing. Potassium chloride prices are expected to rise steadily in the future, and the construction of potash projects in Laos will contribute to the increase in the future. Supply side: Global potash production declined; according to USGS, global potash production from 4630 in 2021
Analysis
Price Target
No Data
