On January 27, Tibet Mineral Development Co.Ltd(000762) announced that the net profit attributable to the parent company is expected to be 110 million yuan to 165 million yuan in 2021, with a loss of 48.5167 million yuan in the same period of last year.
For turning losses, Tibet Mineral Development Co.Ltd(000762) said that in 2021, the company focused on the improvement of management system and production and operation, fully grasped the pulse of the market and firmly grasped the rising trend of lithium salt market. The company increased the sales of products (lithium salt products and chromite), and the sales gross profit increased significantly.
At the same time, optimize the corporate governance system, improve various systems, strengthen internal management control, strictly control various expenses, and take cost reduction and efficiency increase measures to significantly reduce costs. Closely cooperate with the company’s production and operation, reasonably arrange the fund use plan, revitalize the company’s spare funds, open fixed deposits of different periods, and improve the fund use efficiency.
