LNCD(SH:600739) Di Yi Cai Jing·2025-11-21 13:19Core Viewpoint - Liaoning Chengda Co., Ltd. has decided to implement a long-term suspension of its subsidiary Xinjiang Baoming Mining Co., Ltd. as a strategic move for resource optimization and transformation [1] Group 1: Company Actions - The board of directors approved the long-term suspension of Xinjiang Baoming Mining, indicating a significant step in the company's resource allocation strategy [1] - The mining area of Baoming covers approximately 70 square kilometers, with a resource reserve of 1.27 billion tons and shale oil equivalent exceeding 70 million tons [1] - Due to complex factors such as land approval and production licensing, Baoming Mining has been in a state of suspension since 2024, facing considerable operational challenges [1] Group 2: Financial Performance - In 2024, the company achieved an operating income of 11.289 billion yuan and a net profit attributable to shareholders of 210 million yuan; Baoming Mining contributed 1.9 million yuan, accounting for 0.17% of total revenue [2] - In the first three quarters of 2025, the company reported an operating income of 8.114 billion yuan and a net profit of 1.365 billion yuan; Baoming Mining's revenue was 300,000 yuan, representing 0.03% of total revenue [2] Group 3: Strategic Focus - The long-term suspension is expected to help the company concentrate on its core business and enhance the execution of its new productivity strategy [2] - The company plans to leverage its solid financial asset base to focus on high-tech industries such as biomedicine, aligning with national policy directions to explore investment opportunities in new productivity-related sectors for high-quality development [2]