绝对收益目标的权益类投资策略

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【私募调研记录】弘尚资产调研藏格矿业
Zheng Quan Zhi Xing· 2025-08-05 00:07
Group 1 - The core viewpoint of the news is that Hongshang Asset has conducted research on a listed company, Cangge Mining, highlighting its strategic goals and operational updates [1] - Cangge Mining's production and operational situation for the first half of 2025 was discussed, with expectations for potassium chloride prices to rise in the second half due to supply-demand mismatches [1] - The company aims to achieve world-class mining standards by 2027, with support from its controlling shareholder, Zijin Mining, in resources, technology, and management [1] Group 2 - The integration of Zijin Mining has led to improvements in corporate governance and management, combining state-owned norms with private sector vitality [1] - Progress on the renewal of mining licenses for the Chaqi Salt Lake is on track, and the impact of Cangge Lithium's production halt on the company's performance is expected to be limited [1] - Significant cost optimization for potassium chloride has been achieved, with further cost reduction potential anticipated [1] Group 3 - The Laos potassium mine project is advancing steadily, and the Mali Cuo project has obtained a mining license and is starting phase one construction, expected to be completed in 9-12 months [1] - The company is accelerating the construction of processing lines for Longmucuo and Jiezhe Chaka projects, while also promoting the establishment of self-built production lines [1] - Cangge Mining will continue to adhere to prudent operations and maintain a reasonable dividend policy to share development results with investors [1]