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The Southern Manganese Industry continued to increase by more than 28% in the afternoon, and the manganese ore market showed significant gains
Southern Manganese (01091) continued to increase in the afternoon. The stock price rose 27.78%. It now reports HK$0.345, with a turnover of HK$12.1210.6 million. According to a report by My Steel Network, there was a clear rise in the manganese ore market on April 8. Most miners chose not to bid for the time being. Some prices were mainly at higher prices. Prices for mainstream mines increased significantly. Tianjin Gangcheng had a small number of high-ranking transactions. As goods rights were concentrated, manganese ore was not shipped at low prices for the time being. In the new round, foreign market prices are high, and miners are less willing to ship, and shipments are being carried out after waiting for a substantial rise in manganese ore prices. Currently, they are mainly wait-and-see.
新浪港股Apr 9 01:04 ET
Changes in Hong Kong stocks | Southern Manganese (01091) rose nearly 25% in the morning, and the manganese ore market showed significant gains, South32 previously announced that manganese ore shipments had encountered force majeure
The Zhitong Finance App learned that Southern Manganese (01091) rose nearly 25% in the morning. As of press release, it rose 24.07% to HK$0.335, with a turnover of HK$11.2093 million. According to the news, according to a report from My Steel Network, there was a clear rise in the manganese ore market on April 8. Most miners chose not to bid for the time being. Some prices were mainly based on higher prices. Prices for mainstream mines increased significantly. Tianjin Gangcheng had a small number of high-ranking transactions. As goods rights were concentrated, manganese ore was not shipped at low prices for the time being. In a new round of high external prices, miners are less willing to ship, and shipments are being carried out after waiting for a substantial rise in manganese ore prices. Currently, prices are being raised by wait-and-see
Zhitong FinanceApr 8 23:59 ET
Southern Manganese (01091.HK)'s 2023 revenue of HK$17.134 billion increased 6.9% year-on-year
On March 19, Gelonghui (01091.HK) announced that in 2023, the company's revenue was HK$17,134.0 million, up 6.9% year on year. Gross margin was 5.5%, down 3.1 percentage points from 8.6% in 2022. Profit attributable to company owners was HK$64.1 million (2022: HK$336.1 million).
Gelonghui FinanceMar 19 06:40 ET
SOUTH MANGANESE: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Futu NewsMar 19 06:36 ET · Announcements
Southern Manganese Industry (01091) expects net profit to be around HK$54 million to HK$65 million in 2023, a year-on-year decrease of 80.7% to 83.9%
According to the Zhitong Finance App, Southern Manganese (01091) announced that it is estimated that the group's profit attributable to the company's owners in 2023 will be approximately HK$54 million to HK$65 million, a year-on-year decrease of 80.7% to 83.9%. According to the announcement, the main reasons for the reduction in profit are as follows: the average sales price of the Group's two main products, namely electrolytic manganese and alloy products, fell compared to 2022 due to the return to normal production after the epidemic, an increase in supply and a decline in overall market demand; in 2023, lithium manganate experienced a gross loss due to a sharp drop in prices
Zhitong FinanceMar 5 05:10 ET
SOUTH MANGANESE: (1) DATE OF BOARD MEETING; AND (2) PROFIT WARNING
Futu NewsMar 5 05:09 ET · Announcements
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