Tibet Mineral Development reports sharp decline in Q3 revenue and profit

Tibet Mineral Development (SZSE:000762) reported Q3 2025 revenue of 69,124,943.56 yuan, a decrease of 64.54% year-over-year. Net profit attributable to shareholders was 8,087,576.17 yuan, down 80.36%. For the year-to-date, total revenue reached 202,846,422.29 yuan, a 65.45% decline, while net profit attributable to shareholders was a loss of 7,217,387.19 yuan, reflecting a 104.74% decrease from the previous year.

The company's board of directors and supervisory board both approved the Q3 2025 report on October 27, 2025, confirming the accuracy and completeness of the financial information. The board of directors also approved the "2024 annual performance assessment results and remuneration distribution plan for managerial members" with 6 votes in favor and 3 abstentions.

Additionally, recent disclosures include the resignation of the chairman of the supervisory board on September 20, 2025, and an update on the progress of the Zaduo Salt Lake Green Integrated Development project for 10,000 tons of battery-grade lithium carbonate on September 26, 2025.