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, a year-on-year increase of about 4.9% compared to 1.065 billion yuan last year [1] - The net profit attributable to shareholders is projected to be around 71.8 million yuan, a substantial decrease of approximately 50.8% from 146 million yuan in the same period last year [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, which has raised the production costs of electrolytic nickel [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]
新疆新鑫矿业盈警后一度跌近10% 电解镍销售均价下滑 预计上半年纯利同比腰斩