Summary by Moomoo AI
In 2023, SOUTH MANGANESE's revenue amounted to 13.21 billion Hong Kong dollars, a year-on-year decline of 22.9%; the gross margin was 3.1%, a decrease of 2.4 percentage points year-on-year; a net loss of 0.802 billion Hong Kong dollars was recorded for the year, compared to a profit of 72.39 million Hong Kong dollars in the same period last year. Among the main business segments, revenue from manganese mining was 1.175 billion Hong Kong dollars, revenue from electrolytic metal manganese and alloy materials production was 2.163 billion Hong Kong dollars, and revenue from battery materials production was 1.509 billion Hong Kong dollars.The decline in performance was mainly affected by the sharp drop in manganese product market prices, rising raw material costs, and weak demand. The...Show More
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