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Express News | china kings resources group: Subsidiary Jinchang Mining temporarily halted production
China Kings Resources Group (603505): Courageously taking the lead towards a new paradigm in the fluorite industry.
Key points of the report: China Kings Resources Group is currently the largest professional mining company in the fluorite industry in China in terms of resource reserves, mining, and production processing scale. Since its development in 2001, the business of the company has gradually expanded to downstream fluorine chemical, fluorine-containing lithium battery materials, and other fields.
China Kings Resources Group (603505): The performance in the third quarter of 2024 meets expectations, with a single mine sales volume decline during the safety rectification period while the associated ore project gradually increases production.
The company released the third quarter report for 2024, with performance meeting expectations, proposing a dividend of 1 yuan per 10 shares. In the first three quarters of 2024, the company achieved revenue of 1.83 billion yuan (+59% year-on-year) and a net income attributable to the parent company of 0.25 billion yuan.
Guosen: Domestic and overseas air conditioner production and scheduling significantly increased. The prices of third-generation refrigerants further rose.
Against the backdrop of long-term refrigerant quota constraints and increased air conditioner production, we are bullish on the continued prosperity of R22 and R32 refrigerants, with a strong certainty in the positive development trend of the supply and demand structure.
China Kings Resources Group (603505): Decrease in the price of single-type fluorite increases, bullish on fluorite prosperity.
On October 28, 2024, China Kings Resources Group released the "2024 Third Quarter Report": In the first three quarters of 2024, the company achieved revenue of 1.83 billion yuan (+58.50% year-on-year); net income attributable to shareholders.
China Kings Resources Group (603505): Strengthening shareholder return with mid-term dividends. Q4 Fluorite prices are expected to rise significantly.
2024Q1-3 performance reached a record high, Q4 Firestone prices are expected to rise significantly, maintaining a 'buy' rating. In 2024Q1-3, revenue reached 1.83 billion yuan, with a year-on-year growth of 58.50%; achieving a net profit attributable to the parent
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