Core Viewpoint - Southern Manganese (01091) has seen a significant decline in stock price, dropping over 12% to 0.46 HKD, with a trading volume of 16.58 million HKD [1] Group 1: Company Operations - The company has acknowledged recent online discussions regarding its operational status, particularly concerning its core products, electrolytic manganese metal and electrolytic manganese dioxide, whose raw material costs have increased over the past year [1] - Southern Manganese is actively reviewing and adjusting its cost structure to control and reduce production costs [1] Group 2: Mining Rights and Production - The mining rights for the company's wholly-owned subsidiary, Tiandeng, will expire on December 2, 2024, and the application for renewal is currently in process [1] - Due to the lack of valid mining rights, part of Tiandeng's manganese mining operations has been suspended, leading to significant losses [1] - The company is closely following up on the application for mining rights [1] Group 3: Regional Market Conditions - The demand for manganese ore in the Zunyi region remains weak, and high personnel costs have resulted in severe losses for the non-wholly-owned subsidiary in Zunyi [1] - The company is continuously evaluating feasible plans to improve the operational performance of the Zunyi subsidiary [1]
港股异动 | 南方锰业(01091)跌超12% 天等分公司锰矿出现较大亏损 遵义公司严重亏损