Baiyin Nonferrous Group Co.,Ltd. (601212) announced on the evening of January 23 that it expects to record a net profit attributable to shareholders of the parent company in 2025 to be a loss ranging from 450 million yuan to 675 million yuan, compared to a net profit of 80.7917 million yuan in the same period last year.
The company stated that due to a storage contract dispute case involving its subsidiary, Shanghai Honglu International Trade Co., Ltd., and Nancun Warehouse Management Group Co., Ltd. along with its Shanghai branch, the company, based on the latest developments in the case and the principle of prudence, made a provision for estimated liabilities of approximately 314 million yuan in the first half of 2025.
Despite the projected loss, Baiyin Nonferrous' stock price has been performing exceptionally well. On the 23rd, the stock hit its upper price limit soon after market open, marking its fourth consecutive trading day of limit-up gains and reaching a new intraday high. Over the past five trading days, the stock has surged by 42.45%, and it has accumulated a gain of 99.81% over the past 30 trading days.
According to Wind data, trading data from the stock exchange's top performers list (龙虎榜) shows that between January 22 and January 23, the top five brokerage trading seats had a combined turnover of 2.346 billion yuan. Of this, buy orders amounted to 1.381 billion yuan, while sell orders totaled 965 million yuan, resulting in a net buy amount of 416 million yuan. Over the past month, Baiyin Nonferrous has appeared on this list three times.
Data: Wind (Disclaimer: The content is for reference only and does not constitute investment advice. Investors who operate based on this information do so at their own risk.)
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