Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content Business Line Data and Key Metrics - The company's dissolution mining process forms a closed-loop system, maximizing resource utilization by recycling tail brine and fresh water back into the original mining area [1] - The company produces lithium carbonate using "old brine" which is the brine left after the precipitation of carnallite in salt ponds [2] - The company plans to produce 10,500 tons of lithium carbonate in 2024, with a current daily production of 40 tons, potentially reaching 55 tons during peak periods [5] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content Company Strategy and Industry Competition - The company's dissolution mining process is designed to maximize resource utilization, indicating a focus on sustainable and efficient mining practices [1] - The company is expanding its operations with the construction of the Mami Cuo site, which includes temporary power, temporary housing, and road infrastructure [3] - The Mami Cuo site will use a similar but adjusted process compared to the Zangge Lithium site, due to differences in the brine composition [3] - The Mami Cuo site is expected to have a lower power consumption per ton (6,000-8,000 kWh) compared to the Qarhan site, due to its larger scale and higher brine concentration [4] Management Commentary on Operating Environment and Future Outlook - The company is maintaining a balance between production and sales for lithium carbonate [5] - The Mami Cuo site is expected to achieve rapid production capacity release after commissioning, as it uses a similar process to the Qarhan site with no technical risks [6] Other Important Information - The company's dissolution mining process involves the use of mixed-flow pumps in the dissolution workshop [2] - The Mami Cuo site has completed preliminary construction work, including temporary power, housing, and road infrastructure [3] - The production of 1 ton of lithium carbonate requires 1.5 to 2 tons of sodium carbonate [6] Summary of Q&A Session Question: Advantages of the dissolution mining process? - The dissolution mining process forms a closed-loop system, maximizing resource utilization by recycling tail brine and fresh water back into the original mining area [1] Question: Equipment in the dissolution workshop? - The dissolution workshop includes brine mixing pump stations, old brine pump stations, and raw brine transfer pump stations, with mixed-flow pumps being the main equipment [2] Question: Raw materials for lithium carbonate production? - The company uses "old brine" left after the precipitation of carnallite in salt ponds for lithium carbonate production [2] Question: Construction progress at the Mami Cuo site? - The Mami Cuo site has completed temporary power, temporary housing, and road infrastructure [3] Question: Equipment compatibility at the Mami Cuo site? - The Mami Cuo site will use a similar but adjusted process compared to the Zangge Lithium site, due to differences in the brine composition [3] Question: Power consumption per ton at the Mami Cuo site? - The Mami Cuo site has a power consumption of 6,000-8,000 kWh per ton, lower than the Qarhan site due to its larger scale and higher brine concentration [4] Question: Current concentration of old brine and response to declining lithium concentration? - The current concentration of old brine is around 50ppm, with concentration increasing with longer sun exposure in salt ponds [5] Question: Lithium carbonate production and sales plan for 2024? - The company plans to produce 10,500 tons of lithium carbonate in 2024, with a current daily production of 40 tons, potentially reaching 55 tons during peak periods [5] Question: Time to reach full production at the Mami Cuo site? - The Mami Cuo site is expected to achieve rapid production capacity release after commissioning, as it uses a similar process to the Qarhan site with no technical risks [6] Question: Sodium carbonate consumption per ton of lithium carbonate? - The production of 1 ton of lithium carbonate requires 1.5 to 2 tons of sodium carbonate [6]

巨龙铜业矿区铜金属资源量变化情况表 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。 注：2022 年估算铜边际品位为 0.30%，本次估算边际品位为 0.17%，下同。 藏格矿业股份有限公司（以下简称"公司"）于近日获悉，根据西藏自治区 土地矿权交易和资源储量评审中心出具的《〈西藏自治区墨竹工卡县巨龙矿区铜 矿资源储量核实报告〉矿产资源储量评审意见书》（藏矿储评备字【2024】1 号）， 公司参股公司西藏巨龙铜业有限公司（以下简称"巨龙铜业"）相较于前次备案 （2022 年），新增铜金属资源量达 1,472.6 万吨。本次备案完成后，巨龙铜业矿 区累计查明铜金属资源量达 2,588 万吨，是中国目前备案资源量最多的铜矿山。 现将有关铜金属资源储量新增备案情况公告如下： 一、资源储量备案情况 证券代码：000408 证券简称：藏格矿业 公告编号：2024-038 | 资源量 | | 2022 年备案 | | | 2024 年备案 | | 资源量变化情况 | | | --- | --- | --- | --- | --- | --- | --- | - ...

证券代码：000408 证券简称：藏格矿业 公告编号：2024-037 藏格矿业股份有限公司 关于控股股东部分股份解除质押并再质押的公告 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。 特别风险提示： 截至本公告披露日，藏格矿业股份有限公司（以下简称"公司"）控股股东 西藏藏格创业投资集团有限公司（以下简称"藏格创业投资"）及其一致行动人 肖永明、四川省永鸿实业有限公司（以下简称"永鸿实业"）、林吉芳合计质押 股份数量占其所持公司股份数量比例已超过 80%。敬请投资者注意投资风险。 | 股东 | 是否为控股股东 | 本次解除质 | 占其所持 | 占公司总 | 质押起始 | 质押解 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 或第一大股东及 | 押数量 | 股份比例 | 股本比例 | 日 | 除日期 | 质权人 | | | 其一致行动人 | （股） | (%) | (%) | | | | | | | | | | | | 中国农业 | | 藏格 | | | | | 2017年 ...

根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指 引第1号——主板上市公司规范运作》等有关规定，杜强先生的辞职文件自送 达公司董事会之日起生效。截至本公告披露日，杜强先生不存在持有公司股 票的情况，杜强先生不存在应当履行而未履行的其他承诺事项，其辞职不会 对公司正常生产经营活动造成影响。 杜强先生在担任公司副总经理职务期间，恪尽职守、勤勉尽责，公司对 其在任职期间为公司发展付出的辛勤努力和做出的贡献表示衷心的感谢！ 特此公告。 藏格矿业股份有限公司董事会 证券代码：000408 证券简称：藏格矿业 公告编号：2024-036 藏格矿业股份有限公司 关于高级管理人员辞职的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 藏格矿业股份有限公司（以下简称"公司"）董事会于近日收到公司高 级管理人员杜强先生的书面辞职文件。杜强先生因个人原因申请辞去公司副 总经理以及公司下属子公司一切职务，辞职后杜强先生不再担任公司及控股 子公司任何职务。 2024年6月25日 1 ...

藏格矿业股份有限公司 证券代码：000408 证券简称：藏格矿业 公告编号：2024-035 2024年6月13日 1 为进一步加强与投资者的互动交流，藏格矿业股份有限公司（以下简称 "公司"）将参加由青海证监局、青海证券业协会与深圳市全景网络有限公 司联合举办的"青海辖区上市公司网上投资者集体接待日暨2023年度业绩 说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net/），或关注微信公众号：全景财经，或下载全景路演APP， 参与本次互动交流，活动时间为 2024年6月19日（周三）14:30-17:00。 届时公司高管将在线就公司 2023年度业绩、公司治理、发展战略、经营 状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进 行沟通与交流，欢迎广大投资者踊跃参与。 特此公告。 藏格矿业股份有限公司董事会 关于参加青海辖区上市公司 网上投资者集体接待日暨2023年度业绩说明会的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 ...

Summary of the Conference Call on Cangge Mining Company Overview - Cangge Mining has a rich history, starting from a small hotel business in Golmud, Qinghai, founded by the founder's family in the 1980s. The current chairman and general manager are the founder's twin sons [2][3] - The company initially focused on potassium fertilizer development, establishing its first potassium fertilizer project in 2002 [3][4] Business Segments and Operations - Cangge Mining currently operates three main business segments: lithium extraction from salt lakes, potassium fertilizer production, and copper mining [6][7] - The company holds a 30.78% stake in the Jinlong Copper Mine, which is a significant asset in its portfolio [5][16] - As of 2024, the company has a lithium production capacity of 10,000 tons and potassium fertilizer production capacity of 1 million tons, both operating at full capacity [6][18] Financial Performance - The cost of potassium fertilizer production is estimated between 1,300 to 1,400 CNY per ton, while lithium extraction costs are significantly higher, around 50,000 CNY per ton [7][19] - The projected profit for 2024 is estimated to be between 2.4 to 2.5 billion CNY, with expectations of increasing to 3.3 to 3.4 billion CNY in 2025 [19][20] Future Development Plans - The company plans to expand its potassium fertilizer operations in Laos, targeting a total capacity of 3 million tons, with initial production expected by 2026 [10][11] - In Tibet, the company is working on developing the Mani Cuo salt lake project, with a planned capacity of 100,000 tons [12][14] - The Jinlong Copper Mine is undergoing an expansion, aiming for a total production capacity of 300,000 tons by the end of 2024, with further phases planned to reach 600,000 tons by 2027 [17][18] Market Position and Strategic Insights - Cangge Mining is positioned as a pure mining company, focusing on resource extraction and development [5] - The company has a strong confidence in its market position, supported by strategic partnerships and a solid operational framework [20] Additional Insights - The company is navigating some debt-related challenges but maintains a strong outlook due to its operational strengths and market collaborations [20] - The projected increase in production capacity for lithium and copper is expected to nearly double by 2026, indicating significant growth potential [8][18]

关于控股股东部分股份解除质押并再质押的公告 证券代码：000408 证券简称：藏格矿业 公告编号：2024-034 藏格矿业股份有限公司 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。 特别风险提示： 截至本公告披露日，藏格矿业股份有限公司（以下简称"公司"）控股股东 西藏藏格创业投资集团有限公司（以下简称"藏格创业投资"）及其一致行动人 肖永明、四川省永鸿实业有限公司（以下简称"永鸿实业"）、林吉芳合计质押 股份数量占其所持公司股份数量比例已超过 80%。敬请投资者注意投资风险。 公司近日接到控股股东藏格创业投资函告，获悉其所持有公司的部分股份办 理了解除质押并再质押的业务，具体事项如下： | | | | 占其 | | 是否为 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | 是否为控股 | 本次质押 | 所持 | 占公司 | 限售股 | 是否 | 质押 | 质押 | | | 质 | | 东 | 股东或第一 | ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - The company's strong performance in lithium carbonate operations and the significant contribution from the Jilong Copper Mine are highlighted as key profit sources [6][7]. Summary by Sections Financial Performance - In Q1 2024, the company achieved a net profit attributable to shareholders of 529 million yuan, a year-on-year decrease of 43% but a quarter-on-quarter increase of 17%. The net profit excluding non-recurring items was 578 million yuan, down 37% year-on-year and down 8% quarter-on-quarter [6]. Business Segments 1. **Copper Segment**: - The Jilong Copper Mine's investment income increased to 352 million yuan in Q1 2024, a year-on-year increase of 12% and a quarter-on-quarter increase of 27%. The copper production was 42,200 tons, with revenue of 2.97 billion yuan and a net profit of 1.144 billion yuan. Cost control measures have effectively reduced production costs [7]. 2. **Lithium Segment**: - The average price of battery-grade lithium carbonate was 101,500 yuan per ton in Q1 2024, down 28% quarter-on-quarter. However, the company benefited from a significant year-on-year increase in lithium carbonate production, which reached 2,386 tons, up 34% year-on-year, while sales surged to 3,970 tons, up 643% year-on-year [7]. 3. **Potash Segment**: - The production of potassium chloride was 158,600 tons, down 19% year-on-year and down 52% quarter-on-quarter. The sales volume was 139,600 tons, down 63% year-on-year and down 53% quarter-on-quarter. The domestic price of potassium chloride was approximately 2,512 yuan per ton, down 12% quarter-on-quarter [7]. Future Outlook - The company is positioned for significant growth in its three main business segments: copper, lithium, and potash. The Jilong Copper Mine is set to expand its production capacity significantly, with plans to increase to 350,000 tons per day. The lithium segment is also expected to see a substantial increase in production capacity, while the potash segment will benefit from cost advantages and stable profit contributions [8].

华福证券 锂 2024年05月18日 公 司 藏格矿业（000408.SZ） 买入（维持评级） 研 究 2023 年年报及 2024 年一季报点评：锂钾售价下 当前价格： 28.36元 滑拖累公司业绩，巨龙铜业投资收益丰厚 基本数据 总股本/流通股本(百万股) 1,580.44/1,580.42 投资要点： 流通A股市值(百万元) 44,820.67 每股净资产(元) 8.61 资产负债率(%) 4.71  公司先后发布2023年年报及2024年一季报。23年公司实现营业收入 一年内最高/最低价(元) 34.08/20.90 52.3亿元，同比-36.2%；归母净利润34.2亿元，同比-39.5%；扣非归母净 一年内股价相对走势 利润35.8亿元，同比-37.2%。2024Q1 公司实现营业收入6.1亿元，环比 -40.8%；归母净利润5.3亿元，环比+17.3%；扣非归母净利润5.8亿元，环 公 比-7.7%。2024全年藏格钾肥与藏格锂业就卤水销售产生的税务问题对利润 司 造成的影响约2.14亿元。 财 报  2023年：成功实现全年生产目标。1）量：2023年计划生产氯化钾100 点 万吨，实际生产 ...

证券代码：000408 证券简称：藏格矿业 公告编号：2024-033 二、对公司的影响 关于银行账户解除冻结的公告 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。 藏格矿业股份有限公司（以下简称"公司"）分别于 2024 年 3 月 16 日、2024 年 4 月 18 日、2024 年 4 月 30 日披露了部分银行账户被冻结及解除冻结的公告（公 告编号：2024-008、2024-026、2024-032），除基本存款账户未解除冻结外，其余账 户均已解除冻结。 近日，公司通过银行查询获悉，公司基本存款账户已解除冻结，具体情况如下： | 公司名称 | 开户银行 | 银行账号 | 账户性质 | 解除冻结金额（元） | | --- | --- | --- | --- | --- | | 藏格矿业 | | | | | | 股份有限 | 中国农业银行***分行 | 289**********1121 | 基本存款户 | 327,330.00 | | 公司 | | | | | 一、本次账户及资金解除冻结情况 藏格矿业股份有限公司 截至本公告披露日，公司全部被冻结银行 ...