ZANGGE MINING(SZ:000408)2025-06-16 09:20Group 1: Production Process and Efficiency - The lithium carbonate production process achieves a recovery rate of over 80% in the adsorption workshop, 98% in the membrane workshop, and theoretically over 99% in the product workshop [3] - The cost of the adsorbent in the production of one ton of lithium carbonate is relatively small, with an annual replenishment of 100 to 200 cubic meters [3] - The company has trained over 100 technical personnel for the Mami Cuo project, ensuring they meet the required standards for their positions [3] Group 2: Financial Performance and Dividends - In 2024, Jilong Copper plans to distribute a dividend of 5 billion, with a payout ratio of 80%, significantly higher than in 2023 [4] - Jilong Copper has cumulatively distributed cash dividends of 6.5 billion to date, balancing loan repayments and cash dividends based on future cash flow [4] Group 3: Cost Management and Efficiency Improvements - Jilong Copper has implemented measures leading to a significant decrease in costs starting from Q2 2024, including procurement cost reductions through negotiations and scale effects [4] - The company aims to enhance copper recovery rates through technological upgrades, information technology improvements, and optimized reagent addition [4] Group 4: Sales and Transportation - Jilong Copper employs a "produce as sold" sales model, with products transported from Jiama Township to Lhasa by local transport teams, followed by logistics companies for further distribution [4]