Pengxin Mining(SH:600490)2025-01-24 10:05Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -125 million and -85 million yuan[3]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -186 million and -146 million yuan for 2024[3]. - In the same period last year, the total profit was -195.68 million yuan, and the net profit attributable to shareholders of the parent company was -107.86 million yuan[5]. - There are no significant uncertainties affecting the accuracy of this performance forecast[8]. - The forecast data is preliminary and subject to change, with the final audited financial data to be disclosed in the 2024 annual report[9]. Operational Challenges - The decrease in performance is primarily due to the impact of operations in the Democratic Republic of the Congo, including insufficient ore supply and local power outages[6]. - The company faced reduced production and sales of cathode copper, leading to decreased gross profit, although ore supply has returned to normal in the second half of the year[7]. - The company increased the use of low-grade high-calcium ore to alleviate copper ore supply shortages, resulting in higher consumption of self-produced sulfuric acid[7]. Market Conditions - The market competition for sulfuric acid has intensified, leading to a decrease in sales gross profit due to lower prices[7]. - The company has made provisions for inventory write-downs related to cobalt hydroxide due to price fluctuations in the market[7].