SOUTH MANGANESE Issues Positive Profit Alert, Anticipates 2025 Net Profit of at Least HKD 140 Million

Stock News

Mar 09

SOUTH MANGANESE (01091) has announced a positive profit forecast. Compared to an attributable loss of approximately HKD 725 million for the 2024 financial year, the group expects to return to profitability for the year ending December 31, 2025. The projected profit attributable to owners of the company for the 2025 financial year is no less than HKD 140 million.

The primary reasons for the anticipated turnaround in 2025 are as follows: 1. Management effectively optimized the product mix for its trading business, shifting it from a gross loss in 2024 to a gross profit in 2025. 2. Significant results were achieved from comprehensive cost control measures implemented across key operational areas, including production, procurement, materials management, tendering, and general operations. 3. There was a reduction in impairment losses on financial assets. In 2024, an impairment provision for receivables from an associate was recognized due to the settlement of a guarantee liability. This liability arose from a corporate guarantee provided by the group for bank financing obtained by its associate, Dushan Jinmeng Manganese Industry Co., Ltd.

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Compared to an attributable loss of approximately HKD 725 million for the 2024 financial year, the group expects to return to profitability for the year ending December 31, 2025. The projected profit attributable to owners of the company for the 2025 financial year is no less than HKD 140 million.</p>\n<p>The primary reasons for the anticipated turnaround in 2025 are as follows:\n1. Management effectively optimized the product mix for its trading business, shifting it from a gross loss in 2024 to a gross profit in 2025.\n2. Significant results were achieved from comprehensive cost control measures implemented across key operational areas, including production, procurement, materials management, tendering, and general operations.\n3. There was a reduction in impairment losses on financial assets. In 2024, an impairment provision for receivables from an associate was recognized due to the settlement of a guarantee liability. This liability arose from a corporate guarantee provided by the group for bank financing obtained by its associate, Dushan Jinmeng Manganese Industry Co., Ltd.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SOUTH MANGANESE Issues Positive Profit Alert, Anticipates 2025 Net Profit of at Least HKD 140 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSOUTH MANGANESE Issues Positive Profit Alert, Anticipates 2025 Net Profit of at Least HKD 140 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-03-09 19:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SOUTH MANGANESE (01091) has announced a positive profit forecast. Compared to an attributable loss of approximately HKD 725 million for the 2024 financial year, the group expects to return to profitability for the year ending December 31, 2025. The projected profit attributable to owners of the company for the 2025 financial year is no less than HKD 140 million.</p>\n<p>The primary reasons for the anticipated turnaround in 2025 are as follows:\n1. Management effectively optimized the product mix for its trading business, shifting it from a gross loss in 2024 to a gross profit in 2025.\n2. Significant results were achieved from comprehensive cost control measures implemented across key operational areas, including production, procurement, materials management, tendering, and general operations.\n3. There was a reduction in impairment losses on financial assets. In 2024, an impairment provision for receivables from an associate was recognized due to the settlement of a guarantee liability. 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