Investors question when the "dragging out the answer" game will end; when will Shandong Humon Smelting and Jiangxi Copper resolve their competition in the same industry? | Quick read announcement
① The industry competition issue that attracts significant attention from investors has still not made any "substantial" progress; ② Progress is slow, and investors question whether the company is just "playing a delaying game".
Before the holiday, funds seeking safe havens caused stocks in the Hong Kong metal Sector to decline, with CMOC Group Limited dropping nearly 6%.
① Ahead of the holiday, capital seeking safety caused the Hong Kong stock market's Metals Sector to decline. What Bearish factors may continue to ferment? ② CMOC Group Limited fell nearly 6%, how did Other leading stocks perform?
Both "dual giants" suffered huge losses, with GANFENGLITHIUM expected to incur a loss of over 1.4 billion in 2024 | Interpretations
① GANFENGLITHIUM expects a net loss of 1.4 billion to -2.1 billion yuan last year, compared to a net income of 4.95 billion yuan in the same period last year; ② GANFENGLITHIUM stated that the performance change was mainly affected by the decline in sales prices of lithium salts and Lithium Battery products, the decline in the prices of financial assets held by the company, and additionally, the company made provisions for depreciation of inventory and other related Assets; ③ Known as the "Twin Heroes", both Tianqi Lithium Corporation and GANFENGLITHIUM have encountered losses, resulting in their worst performance since going public.
【Data Observation】Institutions are buying multiple AI Asia Vets Concept stocks, with retail investors and Algo working together to aggressively acquire Anhui Xinke New Materials.
① AI Concept stocks surged, with multiple stocks receiving Buy from Institutions, among which Hand Enterprise Solutions received 0.179 billion from Institutions. ② The Copper connection Concept stock Anhui Xinke New Materials received over 0.3 billion from three leading speculative positions and nearly 100 million from two Algo positions.
Year-on-year loss reversal, Tianqi Lithium Corporation is expected to lose over 7 billion in 2024 and plans to terminate the construction of the second phase lithium hydroxide project in Australia | Interpretations
① Tianqi Lithium Corporation expects a net loss of 7.1 billion yuan to -8.2 billion yuan in 2024, compared to a profit of 7.297 billion yuan in the same period last year; ② The company states that the reasons for the performance change are mainly the decline in lithium product prices and mismatch in pricing mechanisms, a drop in performance from the important associate company SQM, as well as an increase in asset impairment losses and foreign exchange losses; ③ The company plans to terminate the investment in the second phase of the lithium hydroxide project in Australia.
The rise in gold and antimony prices, along with the completion of overseas projects, leads Tibet Huayu Mining to expect a net profit growth of over three times year-on-year in 2024 | Interpretations.
① Tibet Huayu Mining expects a Net income for 2024 to be between 0.275 billion yuan and 0.335 billion yuan, which represents an increase of 0.201 billion yuan to 0.261 billion yuan compared to the same period last year, with a year-on-year increase of 272.19% to 353.39%. ② The overseas subsidiary "Tower Aluminum Industry" of the company, Kangqiao Qijin, has improved its Operation capacity in the antimony project, benefiting from both price and volume increases, resulting in enhanced profitability.