Core Viewpoint - Xinjiang Xinxin Mining (03833) has issued a profit warning, indicating a significant decline in net profit for the first half of the year, despite a slight increase in revenue [1] Financial Performance - The company expects consolidated operating revenue for the first half to be approximately 1.118 billion yuan, compared to 1.065 billion yuan in the same period last year, representing an increase of about 4.9% [1] - The net profit attributable to shareholders is expected to be around 71.8 million yuan, a substantial decrease from 146 million yuan in the same period last year, reflecting a decline of approximately 50.8% [1] Price and Cost Factors - The average selling price of electrolytic nickel (excluding tax) during the period was about 110,000 yuan per ton, down approximately 10.9% from 120,000 yuan per ton in the same period last year [1] - Increased production costs were noted, primarily due to the use of externally purchased nickel concentrate during the production process, which contributed to higher electrolytic nickel production costs [1] Future Outlook - The company is in the final stages of reviewing its mid-term performance, with an announcement expected by the end of August 2025 [1]
港股异动 | 新疆新鑫矿业(03833)盈警后一度跌近10% 电解镍销售均价下滑 预计上半年纯利同比腰斩