Core Viewpoint - Southern Manganese (01091) expects to turn a loss of approximately HKD 162.8 million in the first half of 2024 into a profit of no less than HKD 150 million in the first half of 2025, driven by strategic management initiatives [1] Group 1: Financial Performance - The company anticipates a significant turnaround from a loss to profit, with a projected profit of at least HKD 150 million for the first half of 2025 compared to a loss of HKD 162.8 million in the first half of 2024 [1] - The expected improvement in financial performance is attributed to the optimization of trade product structure, which is expected to enhance the trade business profitability [1] Group 2: Management Initiatives - Management has implemented comprehensive cost control measures across key areas such as production, procurement, bidding, and operations, resulting in significant effectiveness [1] - The reduction in impairment losses on financial assets is also a contributing factor to the anticipated profit [1] Group 3: Impairment Losses - In the first half of 2024, the company recognized an impairment on receivables from its associate, Dushan Jinmeng Manganese Industry Co., Ltd., due to the company's guarantee obligations related to bank financing [1]