TMD(SZ:000762)2025-04-08 13:00Group 1: Company Overview and Goals - Tibet Mining focuses on the development of lithium and chromium resources, establishing the Zabuye Phase II project as a benchmark for mineral resource development in the Qinghai-Tibet Plateau [3][69] - The company aims to become a leader in the green and sustainable development of mineral resources in the Qinghai-Tibet Plateau [72] - The production targets for 2025 include 100,000 tons of chromium ore, 5,000 tons of lithium concentrate, 7,000 tons of lithium carbonate, and 93,000 tons of potassium chloride [7][8] Group 2: Project Progress and Challenges - The Zabuye Phase II project is located in a high-altitude, low-oxygen area and is the first integrated lithium extraction project in the region [3][5] - As of the end of 2023, the project progress is at 90%, with a target of 95% completion by the end of 2024 [5][18] - The project has faced delays, with only 5% progress made in the past year, raising concerns about the timeline for completion [3][18] Group 3: Financial Performance and Market Conditions - The company reported a basic earnings per share of 0.21 yuan for 2024, with a cash dividend distribution of 0.5 yuan per 10 shares [70][71] - The direct cost of lithium carbonate from Zabuye Phase II is over 40,000 yuan per ton, while the comprehensive cost is below 5,000 yuan, approaching zero cost [10][31] - The company has consistently been profitable, despite stock price declines attributed to various market factors [6][20] Group 4: Investor Relations and Market Strategy - The company emphasizes the importance of investor relations management and plans to enhance communication with investors [64] - There are currently no plans for stock buybacks, and the company is focused on improving investor confidence through operational performance [6][34] - The company is closely monitoring the lithium market and adjusting strategies to mitigate risks associated with price fluctuations [19][66]