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Zangge Mining (SZSE:000408) Seems To Use Debt Quite Sensibly
Zangge Mining: Report for the first quarter of 2025
Express News | Zangge Mining Q1 Net Profit up 41.2% Y/Y
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.
There May Be Reason For Hope In Zangge Mining's (SZSE:000408) Disappointing Earnings