Planning to invest 15.9 billion! Chengdu Wintrue Holding's 300,000 tons of iron phosphate production capacity makes a "comeback" | Quick read announcement.

① The company plans to invest over 15 billion yuan in the upstream of the lithium battery Industry Chain and fertilizers; ② The newly planned 300,000 tons of iron phosphate production capacity is making a comeback.

cls.cnMar 28 10:41 ET

Founding member of Tianqi Lithium Corporation, Jiang Weiping: 2024 will be a challenging year | Directly reporting from the Earnings Conference.

① Tianqi Lithium Corporation held a performance briefing this afternoon. Founder Jiang Weiping stated that 2024 will be a very challenging year and a year to train the management team; ② The Chief Financial Officer stated that the main factors affecting the performance in 2024, such as the impairment provisions for Phase II Assets and inventory impairment provisions, as well as mismatched prices for aluminum concentrate, have been eliminated this year, and the company's performance will improve in Q1 of this year.

cls.cnMar 27 09:58 ET

Are Hong Kong stock Autos stocks on the same page? After BYD and Xiaomi, NIO is also going to allocate shares!

Nio announced the launch of a "lightning" placement in Hong Kong, planning to issue up to 0.11879 billion Class A common shares at a price of HK$29.46 per share, which represents a discount of approximately 9.5% compared to its latest closing price in Hong Kong. Previously, BYD announced a lightning placement of H shares to raise HK$43.383 billion, the largest scale in the history of the Global Autos Industry. Xiaomi also announced a fundraising of up to US$5.3 billion through a method of issuing existing shares before new ones.

wallstreetcnMar 27 08:13 ET

Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.

① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.

cls.cnMar 26 18:42 ET

In 2024, a net loss of 7.9 billion, Tianqi Lithium Corporation faces its "worst year" since being listed and has adjusted its production capacity plan | Interpretations

① Tianqi Lithium Corporation reported a net loss of 7.905 billion yuan last year, turning from profit to loss compared to a profit of 7.297 billion yuan in the same period last year; ② The company stated that the performance change was mainly due to the decline in lithium product prices and misalignment of the pricing mechanism, the decline in performance of the important associate company SQM, as well as increased asset impairment losses and foreign exchange losses.

cls.cnMar 26 11:57 ET

The outlook for Copper and Gold is optimistic! Although prices are at historic highs, JPMorgan believes that Zijin Mining Group is "not expensive."

JPMorgan believes that Gold has become a key profit driver for the company, contributing 32% of gross profit in fiscal year 2024 (up from 26% in 2023), mainly due to a 28% year-on-year increase in the average selling price. It is expected that Gold production will reach 85 tons in 2025 (a year-on-year increase of 17%), and Copper production will reach 1.15 million tons (a year-on-year increase of 8%).

wallstreetcnMar 26 03:29 ET