Core Viewpoint - The company, Southern Manganese (01091.HK), expects to turn a profit of at least 150.0 million HKD in the first half of 2025, compared to a loss of approximately 162.8 million HKD attributable to owners for the six months ending June 30, 2024 [1] Group 1: Financial Performance - The anticipated turnaround from loss to profit is primarily due to management's active optimization of the trade product structure, which is expected to drive the trading business to profitability in the first half of 2025 [1] - The company has strengthened cost control across key areas such as production, procurement, bidding, and operations, resulting in significant improvements [1] - There has been a reduction in impairment losses on financial assets, particularly related to the impairment of receivables from the joint venture, Dushan Jinmeng Manganese Industry Co., Ltd., due to the company's settlement of bank financing guarantees [1]
南方锰业(01091.HK)预计上半年利润不少于1.5亿港元