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Zangge Mining: Report for the first quarter of 2025
Express News | Zangge Mining: In the first quarter, net income increased by 41.18% year-on-year.
Zijin Mining Signs Supplemental Agreement for Controlling Stake Acquisition in Zangge Mining
Research Reports on Gold Mining丨HAITONG INT'L: Maintain Zangge Mining's "Outperform Market" rating, with a Target Price of 39.16 yuan.
HAITONG INT'L Research Reports indicate that Zangge Mining (000408.SZ) is expected to have a Net income of 2.58 billion yuan for 2024, a year-on-year decrease of 24.56%. The decline in the company's performance is mainly due to the drop in prices of potassium chloride and lithium carbonate. In Q4 2024, the Net income is projected to be 0.712 billion yuan, an increase of 24.71% quarter-on-quarter and 57.76% year-on-year. A combined approach of share buyback and dividends will be taken to return value to investors. Currently, the Julong Copper Mine is accelerating the second phase of its expansion project while ensuring quality and efficiency, which is expected to be completed and put into production by the end of 2025, at which point the annual copper production attributable to the company is projected to reach 0.092-0.108 million tons.
Zangge Mining (000408): The Net income after deducting non-recurring items decreased by 28.76% year-on-year, participating in the development of copper mines as a second growth curve.
In 2024, the net income after deducting non-recurring items decreased by 28.76% year-on-year. The company achieved a revenue of 3.251 billion yuan in 2024, a year-on-year decrease of 37.79%, with a parent company's net income of 2.58 billion yuan, down 24.56% year-on-year.
Zangge Mining (000408): The second phase of the Dragon project is expected to bring performance flexibility, and resource reserves solidify long-term competitiveness.
Investment highlights: The company announced its 2024 annual report, with a revenue of 3.251 billion yuan in 2024, a year-on-year decrease of -37.79%, and a net income attributable to the parent company of 2.58 billion yuan, a year-on-year decrease of -24.56%, after deducting non-recurring items.