LNCD(SH:600739) Ge Long Hui A P P·2025-11-21 11:44Core Viewpoint - The company has decided to permanently suspend its subsidiary Xinjiang Baoming Mining Co., Ltd. due to the inability to obtain necessary permits for land use and production resumption, alongside financial constraints for further investment [1][2]. Financial Performance - In 2024, the company achieved a revenue of 11.289 billion yuan and a net profit attributable to the parent company of 210 million yuan; Xinjiang Baoming generated a revenue of 1.9 million yuan, accounting for 0.17% of the company's total revenue, with a loss of 926 million yuan [2]. - In the first three quarters of 2025, the company reported a revenue of 8.114 billion yuan and a net profit of 1.365 billion yuan; Xinjiang Baoming's revenue was 300,000 yuan, representing 0.03% of the company's total revenue, with a loss of 471 million yuan [2]. Strategic Direction - The company will not continue to invest large amounts of cash into Xinjiang Baoming, as it does not align with its current strategic development direction; efforts will be made to attract strategic investors to address Xinjiang Baoming's financial and developmental issues, although this process is expected to take a long time and carries uncertainties [1]. - During the suspension period, the company will require Xinjiang Baoming to properly manage employee placement and asset maintenance [1].