Guocheng Mining foregoes 2024 dividend amid losses, strategy shift

Guocheng Mining (SZSE: 000688) announced it will not distribute a cash dividend for the 2024 fiscal year, despite previously returning 131% of the average distributable profits from the prior three years to shareholders. The decision comes after the company reported a net loss attributable to shareholders of RMB 112.58 million, a stark contrast to the RMB 62.71 million profit in the previous year.