西藏矿业：2025年营收降35.71% - 46.96%，净利润预亏

Core Viewpoint - Tibet Mining announced that it expects a revenue of 330 million to 400 million yuan in 2025, representing a year-on-year decline of 35.71% to 46.96%. The net profit attributable to shareholders is expected to be a loss of 20 million to 40 million yuan, a year-on-year decrease of 117.90% to 135.80% [1] Revenue and Profit Forecast - The company anticipates a revenue range of 330 million to 400 million yuan for 2025, which indicates a significant decline compared to the previous year [1] - The projected net loss for shareholders is estimated between 20 million and 40 million yuan, marking a drastic year-on-year decline [1] Reasons for Performance Change - The primary reasons for the performance decline include a decrease in sales volume and prices of key products such as lithium concentrate and ferrochrome, along with the unutilized capacity from the second phase of the Zabuye project [1] Risk Assessment - Despite the expected loss, the company preliminarily assesses that the revenue, excluding losses, will exceed 300 million yuan, indicating that it has not yet reached a situation that would trigger delisting risk warnings [1]