Chong Hing Resources (600193.SH): The participating company Guoxing rare earths-related assets and earnings have little impact on the company

Zhitong Finance App News, Chuangxing Resources (600193.SH) disclosed an announcement of abnormal stock trading fluctuations. The company indirectly holds shares in Guangxi Guoxing Rare Earth Mining Co., Ltd. (“Guoxing Rare Earth”), and Guoxing Rare Earth's main business is rare earth mining and rare earth mining rights investment. Guoxing Rare Earth is a company participating in the company. According to corporate accounting standards, its operating income is not included in the scope of the company's consolidated statements, and profit and loss have an impact on the company's investment income according to the company's shareholding ratio.

As of the third quarter of 2024, the book value of the company's long-term equity investment in Guoxing Rare Earths was only 8.208,400 yuan, and the company's shareholding ratio was 40%. According to the Equity Law, the corresponding investment income was only 596,700 yuan (none of the above data has been audited). The impact of related assets and earnings on listed companies is small and there is great uncertainty.