Gelonghui September 20th | Guocheng Mining (000688.SZ) accepted a specific object investigation on September 20, 2024, regarding the future lithium concentrate production cost of Jinxin Mining. The company stated that the lithium concentrate cost of Jinxin Mining is mainly composed of mining costs, ore dressing costs, transportation fees, and management expenses. In the first half of 2024, due to the expansion and renovation of the ore dressing plant, transportation costs accounted for a high proportion. In the future, after the construction and operation of Jinxin Mining's own ore dressing plant is completed, it can transform from original ore transportation to concentrate transportation downhill, significantly reducing transportation costs; at the same time, Jinxin Mining will increase actual production capacity, fully leveraging economies of scale, effectively reducing mining and dressing costs. Based on preliminary calculations, the future production cost of lithium concentrate of Jinxin Mining is estimated to be within 0.05 million yuan per ton of lithium carbonate equivalent.