Tibet Mineral Development Hits Day Low of CNY 26.30 Amid Price Pressure

Tibet Mineral Development Co., Ltd. experienced a notable decline today, with the stock dropping by 4.45% and reaching an intraday low of CNY 26.30. This performance stands in contrast to the China Shanghai Composite, which gained 0.65% on the same day. Over the past week, Tibet Mineral Development has shown a slight recovery with a 2.84% increase, outperforming the Shanghai Composite's 2.01% rise. However, the company's one-year performance remains subdued, with a gain of only 12.04%, lagging behind the composite's 17.66%. Financial metrics indicate ongoing challenges for the company, including a significant decline in net sales, which fell by 72.88% over the last nine months. Additionally, the operating cash flow has reached a low of CNY 125.87 million, and the pre-tax profit for the latest quarter was reported at CNY 0 million, reflecting a 100% drop. Despite a five-year performance increase of 115.76%, the company has faced difficulties in maintaining profitability, as evidenced by a 125.9% decline in profits over the past year. With a market capitalization of CNY 11,161 million, Tibet Mineral Development continues to navigate a challenging landscape in the minerals and mining industry.