Shanghai Prosolar Resources Development (600193.SH) disclosed an announcement regarding abnormal fluctuations in stock trading, indicating that the company indirectly holds shares in Guangxi Guoxing Rare Earth Mine...
According to Zhitong Finance APP news, Shanghai Prosolar Resources Development (600193.SH) disclosed an announcement regarding abnormal fluctuations in stock trading. The company indirectly holds shares in Guangxi Guoxing Rare Earth Mining Co., Ltd. ("Guoxing Rare Earth"), whose main business is rare earth mining and rare earth mineral rights investment, among others. Guoxing Rare Earth is an investee company of the company. According to accounting standards, its revenue is not included in the company's consolidated financial statements, and the profit and loss will affect the company's investment income according to the shareholding ratio.
As of the third quarter of 2024, the company’s long-term equity investment in Guoxing Rare Earth has a book value of only 8.2084 million yuan, with a shareholding ratio of 40%. The corresponding investment income recognized according to the equity method is only 0.5967 million yuan (the above data are unaudited). The relevant assets and income have a small impact on the listed company and are subject to significant uncertainty.