藏格矿业半年报谈盐湖提锂子公司停产来龙去脉，称并未违规

Core Viewpoint - Cangge Mining disclosed the reasons behind the suspension of lithium extraction by its subsidiary, Cangge Lithium, stating that the process was not in violation of regulations [1][4]. Group 1: Company Operations - Cangge Mining's subsidiary, Cangge Lithium, was ordered to halt lithium resource development by local authorities on July 16, 2025, due to regulatory compliance issues [3]. - The company is actively working on obtaining the necessary permits to resume lithium extraction and has completed important preliminary procedures for the mining rights extension [5][6]. Group 2: Financial Performance - For the first half of 2025, Cangge Mining reported a revenue of 1.678 billion yuan, a year-on-year decrease of 4.74%, while net profit attributable to shareholders increased by 38.80% to 1.8 billion yuan [8]. - The average selling price of potassium chloride was 2,845 yuan per ton, up 25.57% year-on-year, contributing to a revenue increase of 24.60% in the potassium business [8]. - The average selling price of lithium carbonate was approximately 67,500 yuan per ton, with a cost of about 41,500 yuan per ton, leading to a significant revenue decline of 57.90% in the lithium business [8]. Group 3: Future Projects - Cangge Mining plans to construct a lithium carbonate production project at the Mami Cuo Salt Lake, with an initial capacity of 50,000 tons per year, and aims to start construction in the third quarter of 2025 [9].