Group 1: Financial Performance - The company expects a net profit attributable to shareholders of 3.7 billion to 3.95 billion yuan for 2025, representing a year-on-year growth of 43.41% to 53.10% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 3.87 billion and 4.12 billion yuan, indicating a growth of 51.95% to 61.76% compared to the previous year [1] Group 2: Potash Business - The potash business operated smoothly, achieving a production of 1.0336 million tons and sales of 1.0843 million tons, exceeding annual production and operational targets [1] - The sales price of potash is expected to increase year-on-year due to market supply and demand factors, driving strong revenue and profit growth for this business segment [1] - Cost control measures have proven effective, with the sales cost per ton of potash decreasing year-on-year through continuous optimization of production processes and improved management efficiency [1] Group 3: Lithium Business - The company achieved a lithium carbonate production of 8,808 tons and sales of 8,957 tons, with smooth production and sales coordination following the resumption of operations [2] - The recovery in lithium carbonate prices in the fourth quarter effectively mitigated the impact of earlier production halts, supporting profit growth for the company [2] - The company confirmed an investment income of approximately 2.68 billion yuan, significantly contributing to net profit, primarily due to the performance of its stake in Tibet Julong Copper Co., which benefited from rising copper prices and capacity release [2]

Core Viewpoint - The company expects a significant increase in net profit for 2025, driven by various factors including rising prices and production capacity releases in its investments [1] Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of 3.7 billion to 3.95 billion yuan for 2025, representing a year-on-year growth of 43.41% to 53.10% [1] - The confirmed investment income for the reporting period is approximately 2.68 billion yuan, which significantly contributes to the company's net profit [1] Group 2: Business Drivers - The increase in performance is attributed to higher sales volumes and prices of potassium chloride, along with a decrease in costs [1] - The recovery in the lithium carbonate business, which has resumed production and sales, also plays a role in the positive financial outlook [1] - The company's investment in Tibet Julong Copper Co., Ltd. benefits from rising copper prices and increased production capacity, leading to substantial year-on-year growth in both revenue and net profit [1]

每经AI快讯，1月12日，藏格矿业（000408）(000408.SZ)公告称，藏格矿业预计2025年归属于上市公司 股东的净利润为37亿元~39.5亿元，比上年同期增长43.41%~53.10%。报告期内，氯化钾产销量超预期、 销售价格上涨及成本下降，碳酸锂业务复产后产销顺畅且价格回暖，叠加参股西藏巨龙铜业投资收益大 幅增加，共同推动业绩同比增长。报告期内，公司确认的投资收益约为26.8亿元，对公司净利润贡献重 大。主要原因系公司参股的西藏巨龙铜业有限公司受益于铜价上涨及产能释放，其营业收入及净利润均 实现同比大幅增长。 ...

藏格矿业公告称，预计2025年归属于上市公司股东的净利润为37-39.5亿元，同比增长43.41%-53.10%； 扣非净利润38.7-41.2亿元，同比增长51.95%-61.76%。业绩增长主因：氯化钾业务量价齐升、成本优 化；碳酸锂业务快速复产；投资收益约26.8亿元，因参股的西藏巨龙铜业营收和净利润同比大增。本次 业绩未经审计，以年报为准。 ...

格隆汇1月12日｜藏格矿业(000408.SZ)公告称，藏格矿业预计2025年归属于上市公司股东的净利润为37 亿元-39.5亿元，比上年同期增长43.41%-53.10%。报告期内，氯化钾产销量超预期、销售价格上涨及成 本下降，碳酸锂业务复产后产销顺畅且价格回暖，叠加参股西藏巨龙铜业投资收益大幅增加，共同推动 业绩同比增长。报告期内，公司确认的投资收益约为26.8亿元，对公司净利润贡献重大。主要原因系公 司参股的西藏巨龙铜业有限公司受益于铜价上涨及产能释放，其营业收入及净利润均实现同比大幅增 长。 ...

证券代码：000408 证券简称：藏格矿业 公告编号：2026-003 藏格矿业股份有限公司 2025 年年度业绩预告 一、 二、 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 （一）业绩预告期间：2025 年 1 月 1 日—2025 年 12 月 31 日 （二）业绩预告情况：预计净利润为正值且属于同向上升 50%情形 单位：万元 | 项目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 | | 370,000 | ～ | 395,000 | 257,998.59 | | 股东的净利润 | 比上年同期增长 | 43.41% | ～ | 53.10% | | | 扣除非经常性损 | | 387,000 | ～ | 412,000 | 254,692.89 | | 益后的净利润 | 比上年同期增长 | 51.95% | ～ | 61.76% | | | 基 本 每 股 收 益 | | 2.36 | ～ | 2.52 | 1.64 | | （元/股 ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600309 | 万华化学 | -1.42% | 10.47% | | 601857 | 中国石油 | -0.20% | 7.63% | | 000792 | 盐湖股份 | 2.46% | 6.44% | | 600028 | 中国石化 | -3.73% | 6.44% | | 600938 | 甲国海海 | -0.56% | 5.22% | | 600160 | 巨化股份 | -3.91% | 4.51% | | 000408 | 藏格矿业 | -1.41% | 3.82% | | 600143 | 金发科技 | 3.25% | 3.69% | | 600426 | 华鲁恒升 | -1.53% | 3.31% | | 600989 | 宝幸能源 | -1.77% | 3.27% | 截至1月9日，石化ETF近2年净值上涨49.64%。从收益能力看，截至2026年1月9日，石化ETF自成立以来，最高单月回报为15.86%，最长连涨月数为8个月， 最长连涨涨幅为41.60%，上涨月份平均收益率为5.25 ...

Core Viewpoint - The energy metals sector experienced a slight increase of 0.17% on January 9, with Shengtun Mining leading the gains. The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1]. Group 1: Market Performance - The energy metals sector saw individual stock performances with notable gains, including Shengdian Mining at 16.70, up 1.83%, and Sairui Mining at 48.37, up 1.81% [1]. - The trading volume for Shengdian Mining reached 1.58 million shares, with a transaction value of 2.636 billion [1]. - The overall market showed a mixed trend with major indices reflecting positive movements, indicating investor confidence in the sector [1]. Group 2: Capital Flow - The energy metals sector experienced a net outflow of 700 million from institutional investors, while retail investors contributed a net inflow of 554 million [2]. - The capital flow data indicates that retail investors were more active in the market, with a significant net inflow compared to institutional outflows [2]. - Specific stocks like Rongjie Co. saw a net inflow of 11.19 million from institutional investors, while others like Cangge Mining faced significant outflows [3]. Group 3: Individual Stock Analysis - Rongjie Co. had a net inflow of 11.19 million from institutional investors, while it faced a net outflow of 34.07 million from retail investors [3]. - Sairui Mining also showed a net inflow of 10.00 million from institutional investors, but a net outflow of 20.46 million from retail investors [3]. - Cangge Mining experienced the highest net outflow of 97.16 million from institutional investors, indicating potential concerns among larger investors [3].

石化ETF(159731)，场外联接(华夏中证石化产业ETF发起式联接A：017855；华夏中证石化产业ETF发起式联接C：017856)。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600309 | 万华化学 | -0.94% | 10.47% | | 601857 | 中国石油 | -0.41% | 7.63% | | 000792 | 盐湖股份 | -1.05% | 6.44% | | 600028 | 中国石化 | 0.82% | 6.44% | | 600938 | 甲国海海 | 0.60% | 5.22% | | 600160 | 巨化股份 | -0.92% | 4.51% | | 000408 | 藏格矿业 | -0.95% | 3.82% | | 600143 | 金发科技 | 9.99% | 3.69% | | 600426 | 华鲁恒升 | 0.76% | 3.31% | | 600989 | 宝丰能源 | -1.78% | 3.27% | （以上所列 ...

Summary of Conference Call for Cangge Mining Company and Industry Overview - **Company**: Cangge Mining - **Industry**: Lithium and Potash Mining Key Points and Arguments Project Progress and Production Guidance - The Marito Salt Lake Phase I project is progressing as expected, with civil and steel structure works completed at 70%-80% [2][3] - The expected equity output for 2026 is between 4,500 to 6,000 tons, corresponding to a salt lake output of 20,000 to 25,000 tons [2][3] - The total investment for the project has been reduced to 2.8 to 3 billion yuan, with lithium carbonate investment costs around 600 million yuan per ton and production costs controlled under 30,000 yuan per ton, which is nearly 10,000 yuan lower than peers [2][4] Strategic Partnerships and Resource Development - The company is actively communicating with industrial funds and Sansteel Group to integrate the Mami Cuo Fund into the listed company system for consolidated reporting, although no clear timeline is set [2][5] - Cangge Mining indirectly holds a 21% stake in Guoneng Mining and plans to participate in the development of the Jide Chaka (planned 70,000 tons) and Longmucuo (planned 60,000 tons) salt lakes [2][6] Resource Expansion and Environmental Considerations - The company plans to inject resources from the Lagocuo and Mami Cuo salt lakes into the listed company to expand resource reserves and production capacity, with no specific timeline yet [2][7] - The company employs an adsorption-membrane coupling process for lithium extraction, minimizing ecological damage and achieving zero water consumption through self-produced fresh water [4] Production Recovery and Future Capacity - The production at the Chaka Salt Lake has returned to normal, with production guidance for potassium and lithium products in 2026 similar to previous years [2][7] - The company aims to explore further capacity enhancement and has initiated a new 1.5 million tons industrial salt project to recover sodium chloride, which meets environmental standards [2][8] Market Dynamics and Pricing Outlook - The lithium carbonate market is experiencing volatility, with prices driven by supply-demand dynamics and policy changes [11][12] - The expected price range for lithium carbonate is between 100,000 to 120,000 yuan, with the company maintaining a cautious inventory strategy [12] - The company plans to sell 70% of its products through long-term contracts and 30% through spot pricing, using industry-standard pricing for settlements [12] Geopolitical Risks and Strategic Development - The company has conducted extensive market research in South America but has not made investments due to high prices and geopolitical risks [13] - The development of the Laos potash mine is a core focus, with plans to construct a 2 million tons potassium chloride facility in two phases [15][16] Financial Health and Future Plans - The company maintains a healthy financial structure with low debt and good cash flow, supporting a stable dividend policy [27][28] - Future capital expenditures will focus on the Mami Cuo 50,000 tons project and the 200,000 tons potash project, with a cautious approach to new resource acquisitions [22][23] Operational Efficiency Improvements - Post-acquisition by Zijin Group, operational efficiency has improved through refined management practices and cost control measures [24][28] Conclusion - Cangge Mining is strategically positioned in the lithium and potash markets, with ongoing projects and a focus on sustainable practices. The company is navigating market volatility while planning for future growth and resource development.