Qinghai Salt Lake reports earnings jump despite control shift

Qinghai Salt Lake Industry (SZSE:000792) released its 2024 financial results, showing attributable net profit of CNY4.663 billion, a solid performance despite significant leadership and structural transitions. Highlights include a notable shift in control to China Minmetals, strategic moves in lithium operations, and strong performance from potash sector. The annual report also shows that the company expects to realize a year-over-year gain in net profit, with a Q1 estimate between CNY1.13-1.2 billion.