Tibet Mineral Development forecasts huge half-year loss

Tibet Mineral Development expects a net loss of 1.3 billion to 1.8 billion yuan for the first half of 2025, contrasting sharply with an 11.1 billion yuan profit in the same period last year.

Basic earnings per share are projected to fall to a loss of 0.025 to 0.035 yuan per share, down from a profit of 0.213 yuan per share previously.

The anticipated loss stems from a substantial decline in output and selling prices of the company's main products due to market supply and demand shifts.