On January 12, Zangge Mining announced its financial forecast, projecting a net profit attributable to shareholders of the listed company in the range of Yuan 3.7 billion to 3.95 billion for the year 2025. This represents a year-on-year increase of 43.41%-53.10%.
During the reporting period, several key factors drove the year-on-year profit growth. In detail, the production and sales volume of potash chloride exceeded expectations, with rising sales prices and decreasing production costs. Concurrently, the restart of its lithium carbonate business proceeded smoothly with favorable production and sales, supported by a recovery in lithium carbonate prices. Furthermore, investment income from its associate, Tibet Julong Copper Co., Ltd., increased substantially.
During the reporting period, the company recognized investment income of approximately Yuan 2.68 billion, which significantly contributed to the net profit. The primary reason for this is that its associate, Tibet Julong Copper Co., Ltd., benefited from rising copper prices and increased production capacity, leading to substantial year-on-year growth in both its operating revenue and net profit.
Note: Based on Zangge Mining's Q3 2025 net profit of Yuan 951 million, the estimated net profit for Q4 2025 is calculated to be between Yuan 949 million to 1.199 billion. This represents a quarter-on-quarter change ranging from a slight decrease of 0.21% to an increase of 26.08%.
Edited by Cassie Li, lixiangying@mysteel.com
