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Express News | U.S.-Iran Tensions Escalate Again, Copper Prices Fall to Three-Week Low
Investing RMB 11.5 billion! Another major securities firm consolidation move | Selected Post-Market Announcements
A multi-billion-yuan mega merger and acquisition deal marks another step in the consolidation of the securities brokerage industry; China's top liquor producer takes action! Plans to establish a dynamic retail pricing adjustment mechanism; a leading panel manufacturer intends to spend over RMB 1.1 billion on share repurchases... What notable announcements emerged after today's market close?
Luoping Zinc & Electricity (002114.SZ): The Xiangrong Mining concentrator plant and tailings reservoir have currently ceased operations.
Gelonghui, June 2 — Luoping Zinc & Electricity Co., Ltd. (SZSE: 002114) announced that its wholly owned subsidiary, Puding Xiangrong Mining Co., Ltd. (hereinafter referred to as "Xiangrong Mining"), received a Field Handling Measures Decision Letter [(Pu) Emergency Field Decision [2026] Non-Coal No. 3] issued by the Puding County Emergency Management Bureau. During an on-site inspection, the Puding County Emergency Management Bureau identified the following safety issues at Xiangrong Mining: 1. The tailings drying area has been stacked above the crest of the seventh-stage dam, with tailings piled to an elevation of +1420m—exceeding the designed final elevation by 20m—and the tailings storage facility currently holds 540,000 cubic meters of tailings beyond its designed capacity, in violation of the 'Tailings Storage Facility'
Luoping Zinc & Electricity: First Quarter Report for 2026
Luoping Zinc & Electricity reported revenue of 1.446 billion yuan in 2025, up 14.69% year-over-year, while net losses attributable to shareholders amounted to 178 million yuan, representing a year-over-year decline of 125.75%.
In 2025, the company's revenue increased by 14.69% to RMB 1.446 billion, but the attributable net loss widened by 125.75% year-on-year to RMB 178 million. The gross margin was only 1.16%, cash flow turned negative, and short-term debt repayment capacity came under pressure.
Luoping Zinc & Electricity: 2025 Annual Report