Tibet Huayu Mining(601020.SH) issued a preliminary announcement, expecting a net profit of 275 million to 335 million yuan in 2024, a year-on-year increase of 272.19% to 353.39%.

Tibet Huayu Mining (601020.SH) announced that it is expected to achieve a net profit attributable to shareholders of the listed company of 275 million yuan to 335 million yuan in 2024. Compared to the same period last year, it is expected to increase by 201.1128 million yuan to 261.1128 million yuan, a year-on-year increase of 272.19% to 353.39%. It is expected that the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses in 2024 will be 270 million yuan to 330 million yuan. Compared to the same period last year, it is expected to increase by 197.4093 million yuan to 257.4093 million yuan, a year-on-year increase of 271.95% to 354.60%. In 2024, the overall demand for the main metal ore products of the company's domestic projects is positive, with prices remaining at high levels. The overseas subsidiary "Talun JinYe" closed-end stock company's Kangqiaoqi gold and antimony projects have improved operational capabilities, benefiting from rising prices and volumes, thus strengthening profitability.