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Guocheng Mining: 2024 performance forecast
Guocheng Mining (000688.SZ): Expected loss of 85 million yuan to 0.116 billion yuan in 2024.
On January 20, Gelonghui reported that Guocheng Mining (000688.SZ) expects a loss of 85 million to 116 million yuan in 2024, with a non-recurring loss of 62.8 million to 93.8 million yuan. 1. The company's wholly-owned subsidiary, Inner Mongolia Guocheng Resource Utilization Co., Ltd., commenced production during the reporting period. Due to a steep ramp-up in production, various production costs were high, and the sales price of Titanium dioxide remained low during the reporting period, which significantly affected the company's performance. 2. During the reporting period, due to the overall decline in the market price of lithium products, the performance of the company's affiliated subsidiary, Malkang Jinxin Mining Co., Ltd., was lower compared to the same period last year.
GuoCheng Mining CO.,LTD's (SZSE:000688) Share Price Matching Investor Opinion
GuoCheng Mining to Sell 65% Stake in Subsidiary
Guocheng Mining (000688.SZ): intends to purchase no less than 60.00% equity of Guocheng Industries.
On December 17, Glonghui reported that Guocheng Mining (000688.SZ) announced that in this Trade, the company plans to purchase no less than 60.00% of Guocheng Industrial's equity held by Guocheng Group through payment in Cash and assuming debts. As of the signing date of this summary, the audit and evaluation work of the symbol company has not been completed. According to preliminary estimates, the estimated value of 100% equity of Guocheng Industrial in this Trade is about 5.5 billion yuan. The transaction price of the symbol Assets will be based on the valuation stated in the evaluation report issued by a valuation agency that complies with the provisions of the Securities Law, to be determined through negotiation between the listed company and the trading counterpart.
Guocheng Mining (000688.SZ): The verification report on the resource reserves of Jinxin Mining has passed the review and filing.
Glory Exchange reported on December 13th that Guocheng Mining (000688.SZ) announced that the company recently received notification from its important subsidiary (holding 48% equity), Markang Jinxin Mining Co., Ltd. (hereinafter referred to as "Jinxin Mining"). Jinxin Mining has obtained the reply issued by the Ministry of Natural Resources regarding the "Report on the Verification of Lithium Resource Reserves in Daba, Markang City, Sichuan Province" (Natural Resource Reserve Word [2024] No. 189). According to the "Report on the Verification of Lithium Resource Reserves in Daba, Markang City, Sichuan Province" issued by the Mineral Resource Reserve Evaluation Center of the Ministry of Natural Resources.
Optimistic Investors Push GuoCheng Mining CO.,LTD (SZSE:000688) Shares Up 30% But Growth Is Lacking
