Core Viewpoint - The company is undergoing a review of its projects and operations for the fiscal year ending 2025, revealing impairment indicators primarily related to the Kinsevere operation, which may negatively impact its unaudited profit for that year [1] Group 1: Impairment Indicators - The review indicates several impairment signs for the Kinsevere operation, including sales restrictions on cobalt in the Democratic Republic of Congo, leading to the cobalt processing plant being in maintenance mode [1] - Challenges related to electricity supply are affecting the daily operations and capacity enhancement of expansion projects [1] - Financial uncertainties, including additional tax rates and the deductibility of value-added tax, are also contributing to the impairment indicators [1] Group 2: Financial Impact - The board anticipates that the unaudited profit for the fiscal year 2025 may be negatively impacted by an impairment charge estimated between $280 million and $300 million before tax [1] - After accounting for the impairment, the company expects to achieve an unaudited net profit attributable to equity holders of approximately $500 million to $520 million for the year ending December 31, 2025 [1] - The impairment is characterized as an accounting adjustment and a non-cash item, thus not affecting the company's cash flow [1] Group 3: Operational Performance - The significant unaudited profit is attributed to the strong operational performance of the Las Bambas and Dugald River mines, along with the positive impact of rising copper and precious metal prices [2] - However, operational challenges and financial transactions, including power supply issues at the Kinsevere mine and ongoing cobalt export restrictions, have negatively impacted the company's performance [2] - The fiscal year 2025 is also expected to experience hedging losses, further complicating the financial outlook [2]
五矿资源(01208)预计2025财政年度未经审计的利润可能因减值开支而受到负面影响