Huludao Zinc issued a profit warning, expecting a net profit of 20 million to 30 million yuan for the year 2024, a decrease of 66.33%-77.56%
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Huludao Zinc released its performance forecast for 2024, expecting a net profit of 20 million to 30 million yuan, a year-on-year decline of 66.33%-77.56%. The narrowing profit margin is attributed to intensified competition in the non-ferrous metal smelting industry and a decrease in processing fee prices in the zinc and copper markets. Additionally, concentrated maintenance of some production equipment in the copper system and the disposal of fixed assets have also impacted profits
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