{"id":6670,"date":"2026-10-06T02:13:36","date_gmt":"2026-10-06T02:13:36","guid":{"rendered":"https:\/\/hk.valtech-valuation.com\/%e5%b0%88%e9%a1%8c%e5%a0%b1%e5%91%8a%ef%bc%9a%e6%b8%9b%e5%80%bc%e7%a0%94%e7%a9%b6-%e9%a6%99%e6%b8%af%e4%b8%8a%e5%b8%82%e7%a4%a6%e6%a5%ad%e5%85%ac%e5%8f%b8\/"},"modified":"2026-10-06T02:26:54","modified_gmt":"2026-10-06T02:26:54","slug":"%e4%b8%93%e9%a2%98%e6%8a%a5%e5%91%8a%ef%bc%9a%e5%87%8f%e5%80%bc%e7%a0%94%e7%a9%b6-%e9%a6%99%e6%b8%af%e4%b8%8a%e5%b8%82%e7%9f%bf%e4%b8%9a%e5%85%ac%e5%8f%b8","status":"publish","type":"post","link":"https:\/\/hk.valtech-valuation.com\/cn\/%e4%b8%93%e9%a2%98%e6%8a%a5%e5%91%8a%ef%bc%9a%e5%87%8f%e5%80%bc%e7%a0%94%e7%a9%b6-%e9%a6%99%e6%b8%af%e4%b8%8a%e5%b8%82%e7%9f%bf%e4%b8%9a%e5%85%ac%e5%8f%b8\/","title":{"rendered":"\u4e13\u9898\u62a5\u544a\uff1a\u51cf\u503c\u7814\u7a76-\u9999\u6e2f\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container 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h1{\n  font-size:clamp(2.1rem,5.4vw,3.9rem) !important;\n  font-weight:800 !important;\n  line-height:1.02 !important;\n  letter-spacing:-.01em !important;\n}\n#valtech-mining-study h2{\n  font-size:clamp(1.45rem,3vw,2.05rem) !important;\n  font-weight:750 !important;\n  line-height:1.12 !important;\n}\n#valtech-mining-study h3{\n  font-size:1.05rem !important;\n  font-weight:700 !important;\n}\n#valtech-mining-study .conclusion h1,\n#valtech-mining-study .conclusion h2,\n#valtech-mining-study .conclusion h3{\n  color:var(--ground) !important;\n}\n#valtech-mining-study img,\n#valtech-mining-study svg{max-width:100% !important}\n#valtech-mining-study table{border-spacing:0 !important}\n#valtech-mining-study button,\n#valtech-mining-study input{font-family:inherit}\n\n\n\/* Mobile: table-of-contents buttons scroll normally instead of staying sticky *\/\n@media (max-width: 820px){\n  #valtech-mining-study nav.toc{\n    position: static !important;\n    top: auto !important;\n    z-index: auto !important;\n  }\n}\n\n<\/style>\n<div id=\"valtech-mining-study\" lang=\"zh-Hans\"><div class=\"wrap\" id=\"app\"><\/div><\/div>\n<script>\n\/\/ Shared data for the HTML page and the PPTX deck.\n\/\/ Sources: \"HK mining sector impairment study 2r\" report, research notes and gap-closure notes (as at 2 Oct 2026).\n\/\/ Fields: code, name, tier, commodity, finding, flag (\"new\" = added in gap-closure sweep; \"\" otherwise)\nconst companies = [\n  \/\/ ---- Majors ----\n  [\"2600\",\"Aluminum Corporation of China (Chalco)\",\"Major\",\"Aluminium\",\"\u2248RMB15.0bn FY19\u201325 (restated), largest in study; charges every year from capacity relocation and idle lines\",\"\"],\n  [\"1898\",\"China Coal Energy\",\"Major\",\"Coal\",\"\u2248RMB13.6bn; FY2022 RMB8,801m incl. Shalajida exploration right RMB6,285m (water-protection zone)\",\"\"],\n  [\"1378\",\"China Hongqiao Group\",\"Major\",\"Aluminium\",\"\u2248RMB8.0bn; plant-level PP&E charges incl. RMB2,636m FY2024 and RMB583m 1H2026\",\"\"],\n  [\"9696\",\"Tianqi Lithium\",\"Major\",\"Lithium\",\"\u2248RMB7.5bn; SQM stake RMB5,310m FY2019 (CAS, corrected); Kwinana + SQM RMB2,238m FY2024 (IFRS)\",\"\"],\n  [\"1088\",\"China Shenhua Energy\",\"Major\",\"Coal\",\"\u2248RMB6.4bn FY2022\u201325; PP&E RMB2,151m (2022) and RMB2,782m (2023)\",\"\"],\n  [\"1171\",\"Yankuang Energy\",\"Major\",\"Coal\",\"\u2248RMB2.6bn; FY2022 RMB2,140m confirmed (Australian exploration assets, Premier mine)\",\"\"],\n  [\"3668\",\"Yancoal Australia\",\"Major\",\"Coal\",\"A$1,383m Watagan reconsolidation loss FY2020 (not an IAS 36 charge); other years n.v.\",\"\"],\n  [\"1818\",\"Zhaojin Mining\",\"Major\",\"Gold\",\"\u2248RMB2.4bn FY2023\u201325; FY2025 RMB1,596m incl. copper smelter and mine in water-protection zone\",\"\"],\n  [\"0358\",\"Jiangxi Copper\",\"Major\",\"Copper\",\"\u2248RMB1.9bn; Chengmenshan RMB946m FY2025 (land-use plan); RMB2.49bn inventory write-down 1H2026\",\"\"],\n  [\"2899\",\"Zijin Mining\",\"Major\",\"Diversified\",\"\u2248RMB2.1bn; FY2021 RMB529m (newly verified); immaterial vs assets (\u22480.09% in FY2025)\",\"\"],\n  [\"1787\",\"Shandong Gold Mining\",\"Major\",\"Gold\",\"\u2248RMB1.1bn; FY2025 RMB793m (fixed assets 452, goodwill 339); goodwill balance RMB12.67bn\",\"\"],\n  [\"3993\",\"CMOC Group\",\"Major\",\"Copper \/ cobalt\",\"Goodwill \u2248RMB221m FY2020 (Brazil phosphate, secondary); FY2022\u201325 not verified\",\"\"],\n  [\"1772\",\"Ganfeng Lithium\",\"Major\",\"Lithium\",\"RMB84m FY2024; RMB215m FY2025 (both confirmed); FY2019\u201323 not verified\",\"\"],\n  [\"3330\",\"Lingbao Gold\",\"Major\",\"Gold\",\"RMB26m \/ 58m \/ 10m \/ 87m \/ 40m FY2019\u201323; nil FY2024\u20131H2026\",\"\"],\n  [\"6693\",\"Chifeng Jilong Gold\",\"Major\",\"Gold\",\"H shares listed Mar 2025; RMB54m FY2025; 1H2026 reversal RMB31.9m is on non-long-lived assets\",\"\"],\n  [\"1208\",\"MMG\",\"Major\",\"Copper \/ zinc\",\"US$493m: Kinsevere US$150m FY2019, US$53m FY2024, US$290m FY2025\",\"\"],\n  [\"2099\",\"China Gold International\",\"Major\",\"Gold \/ copper\",\"No mine CGU impairment to date (confirmed); US$5.9m other assets FY2025\",\"\"],\n  [\"2259\",\"Zijin Gold International\",\"Major\",\"Gold\",\"Listed Sep 2025; nil\",\"\"],\n  [\"0975\",\"Mongolian Mining Corp\",\"Major\",\"Coking coal\",\"No impairment FY2024\u201325 (tested: net assets > market cap); no headroom disclosed\",\"\"],\n  [\"0639\",\"Shougang Fushan Resources\",\"Major\",\"Coking coal\",\"Nil on mines; carries HK$5.9bn mining rights + HK$1.2bn goodwill\",\"\"],\n  [\"2362\",\"Jinchuan Group Intl Resources\",\"Major\",\"Copper \/ cobalt\",\"US$8.6m Chibuluma South PP&E 1H2020; later only VAT impairments\",\"\"],\n  [\"1258\",\"China Nonferrous Mining\",\"Major\",\"Copper\",\"No PP&E\/mining-rights impairment found; input-VAT impairments only\",\"\"],\n  \/\/ ---- Mid-caps ----\n  [\"0486\",\"United Company RUSAL\",\"Mid-cap\",\"Aluminium \/ bauxite\",\"Net \u2248US$1.84bn FY19\u201325 (FY2019 US$291m confirmed); KAZ smelter flipped four times; going-concern MU FY24\u201325\",\"\"],\n  [\"1029\",\"IRC\",\"Mid-cap\",\"Iron ore\",\"US$75.8m reversal FY2020; impairments US$103m \/ 164m \/ 160m (FY22\/23\/25); rouble strength\",\"\"],\n  [\"0866\",\"China Qinfa Group\",\"Mid-cap\",\"Coal\",\"RMB3,939m FY2020 (SRK reserve downgrade); RMB2,294m reversal FY2021; Shanxi mines sold Jul 2025\",\"new\"],\n  [\"0340\",\"Tongguan Gold Group\",\"Mid-cap\",\"Gold\",\"No impairment FY2019\u20131H2026 (VIU, 13.2\u201317.1% pre-tax); HK$37m licence write-off FY2023; KAM every year\",\"new\"],\n  [\"1091\",\"South Manganese Investment\",\"Mid-cap\",\"Manganese\",\"HK$95m \/ 22m \/ 236m \/ 120m FY2019\u201322 on mining rights and PP&E; FY2022 results delayed\",\"new\"],\n  [\"3833\",\"Xinjiang Xinxin Mining\",\"Mid-cap\",\"Nickel \/ copper\",\"RMB135.5m vanadium rights FY2020 (nature reserve); RMB83.6m smelter + goodwill FY2022\",\"\"],\n  [\"3788\",\"Hanking Gold International\",\"Mid-cap\",\"Iron ore \/ gold\",\"Small: RMB17.5m idle plant FY2019; largest RMB31.1m FY2023; RMB12.4m 1H2026\",\"\"],\n  [\"2245\",\"Lygend Resources & Technology\",\"Mid-cap\",\"Nickel\",\"RMB142m customer intangible FY2024; nothing on Indonesian plant\",\"\"],\n  [\"1712\",\"Dragon Mining\",\"Mid-cap\",\"Gold\",\"Nil despite F\u00e4boliden permit refusals; FY2024 Vammala at 7.0% pre-tax, US$2,405\/oz\",\"\"],\n  [\"3939\",\"Wanguo Gold Group\",\"Mid-cap\",\"Copper \/ gold\",\"RMB11.4m Xizang Changdu FY2021; FY2025 headroom RMB128m at 28.31% (confirmed)\",\"\"],\n  [\"0661\",\"China Daye Non-Ferrous\",\"Mid-cap\",\"Copper\",\"Nil on Sareke mine FY2019\u201321; RMB18.3m FY2022; FY2025 recoverable amount 'close to' carrying amount\",\"\"],\n  [\"3948\",\"Inner Mongolia Yitai Coal\",\"Mid-cap\",\"Coal\",\"RMB3.2bn FY2020 and \u2248RMB3.2bn FY2022, both on coal-chemical plants; H shares withdrawn Aug 2023\",\"\"],\n  [\"0769\",\"China Rare Earth Holdings\",\"Mid-cap\",\"Rare earths\",\"Suspended since Jun 2025; concealed loans despite clean FY2024 opinion\",\"\"],\n  [\"0601\",\"Rare Earth Magnesium Technology\",\"Mid-cap\",\"Magnesium\",\"VIU tested at a post-tax rate (15.02%); going-concern MU\",\"\"],\n  [\"3858\",\"Jiaxin International Resources\",\"Mid-cap\",\"Tungsten\",\"Listed Aug 2025; no impairment data yet\",\"\"],\n  [\"3636\",\"Yunnan Jinxun Resources\",\"Mid-cap\",\"Mining (new listing)\",\"Listed Jan 2026; no impairment data yet\",\"\"],\n  [\"6228\",\"Merdeka Gold Resources (DR)\",\"Mid-cap\",\"Gold\",\"Listed Jun 2026; no impairment data yet\",\"\"],\n  \/\/ ---- Small caps ----\n  [\"1142\",\"E&P Global (ex-Siberian Mining)\",\"Small-cap\",\"Coal (Russia)\",\"+HK$787m FY3\/25; written to nil 1H FY3\/26 then written back after court ruling; FY3\/26 net charge disputed (HK$13m vs 63m)\",\"\"],\n  [\"0276\",\"Mongolia Energy Corp\",\"Small-cap\",\"Coal\",\"HK$1,299m FY3\/2025; HK$277m reversal FY3\/2026, qualified (confirmed)\",\"\"],\n  [\"0985\",\"CST Group\",\"Small-cap\",\"Coking coal\",\"US$93.85m FY3\/20; US$32.9m reversal FY3\/22; US$71.4m FY3\/23; privatised Dec 2023\",\"\"],\n  [\"0433\",\"North Mining Shares\",\"Small-cap\",\"Molybdenum \/ feldspar\",\"HK$613m FY2019; HK$1,774m feldspar right FY2020; HK$97m FY2023; HK$364m FY2024; disclaimer FY2024\",\"\"],\n  [\"0943\",\"Zhongzheng (ex-eForce)\",\"Small-cap\",\"Coal (Indonesia)\",\"HK$108m to nil 2022; HK$31.8m reversal; HK$15.6m FY6\/2026 to sale price; qualified\",\"\"],\n  [\"0307\",\"Up Energy Development\",\"Small-cap\",\"Coking coal\",\"HK$6.8bn FY3\/2018 + HK$574m FY3\/2019; delisted Jan 2022\",\"\"],\n  [\"1738\",\"Feishang Anthracite\",\"Small-cap\",\"Coal\",\"RMB263m \/ 160m \/ 205m FY2023\u201325 on Liujiaba and Baiping mines (confirmed)\",\"\"],\n  [\"1878\",\"SouthGobi Resources\",\"Small-cap\",\"Coal\",\"US$42.0m PP&E FY2025 (+US$77.3m stockpile)\",\"\"],\n  [\"8203\",\"Kaisun Holdings (GEM)\",\"Small-cap\",\"Coal\",\"HK$53.7m Xinjiang mining rights FY2025 (22% of value)\",\"\"],\n  [\"1733\",\"E-Commodities Holdings\",\"Small-cap\",\"Coal logistics\",\"HK$253m FY2021; net reversal FY2022; HK$44m FY2023\",\"\"],\n  [\"1277\",\"Kinetic Development\",\"Small-cap\",\"Coal\",\"RMB287m FY2025, all non-coal (property, goodwill)\",\"\"],\n  [\"1393\",\"Hidili Industry\",\"Small-cap\",\"Coal\",\"No mine charge found; RMB7.1bn mining assets under restructuring\",\"\"],\n  [\"0065\",\"Grand Ocean Advanced Resources\",\"Small-cap\",\"Coal\",\"Mine 958: +HK$14m \/ 35m, reversals 33m \/ 27m, then +26m \/ 44m (FY2019\u201325)\",\"\"],\n  [\"1131\",\"Agritrade Resources\",\"Small-cap\",\"Coal\",\"No FY3\/2020 results; delisted Jan 2022\",\"\"],\n  [\"0621\",\"Taung Gold International\",\"Small-cap\",\"Gold (South Africa)\",\"HK$626m FY3\/21; reversals HK$125m FY3\/22 and HK$428m FY3\/26 on gold price\",\"new\"],\n  [\"1194\",\"Bay Area Gold (ex-China Precious Metal)\",\"Small-cap\",\"Gold\",\"HK$2,269m FY2020 (mining rights 1,335 + fixed assets 934); disclaimer FY2021; delisted Mar 2024\",\"\"],\n  [\"0274\",\"Renaissance Asia Silk Road\",\"Small-cap\",\"Gold\",\"Repeated charges FY2020\u201322 on 2015 data; disclaimers; suspended\",\"\"],\n  [\"0246\",\"Real Gold Mining\",\"Small-cap\",\"Gold\",\"RMB608m E&E written off; disclaimers; delisted Apr 2020\",\"\"],\n  [\"8299\",\"GT Gold Holdings (GEM)\",\"Small-cap\",\"Gold\",\"No long-lived impairment found FY3\/2020\u2013FY3\/2026\",\"new\"],\n  [\"2303\",\"Hengxing Gold\",\"Small-cap\",\"Gold\",\"No impairment seen; privatised Feb 2021\",\"new\"],\n  [\"2489\",\"Persistence Gold\",\"Small-cap\",\"Gold\",\"Listed Dec 2023; no impairment seen\",\"new\"],\n  [\"0195\",\"Greentech Technology Intl\",\"Small-cap\",\"Tin (Australia)\",\"Reversals HK$28m FY2020 and HK$257m FY2021; suspended Sep 2024, cancellation decided Apr 2026\",\"new\"],\n  [\"2546\",\"Xizang Zhihui Mining\",\"Small-cap\",\"Zinc \/ lead \/ copper\",\"Listed Dec 2025; no impairment data yet\",\"new\"],\n  [\"2133\",\"Greenway Mining (ex-China Polymetallic)\",\"Small-cap\",\"Lead \/ zinc\",\"RMB2.9m FY2019 only data; delisted Apr 2023\",\"new\"],\n  [\"1303\",\"Huili Resources\",\"Small-cap\",\"Nickel \/ gold\",\"Reversals RMB15.4m and RMB14.9m; qualified FY2019\",\"\"],\n  [\"2302\",\"CNNC International\",\"Small-cap\",\"Uranium\",\"E&E HK$210m FY2019 and PP&E HK$12m FY2020 (Mongolian uranium); mainly a trader\",\"\"],\n  [\"1370\",\"Aowei Holding (ex-Hengshi Mining)\",\"Small-cap\",\"Iron ore\",\"\u2248RMB260m FY2019; RMB55m \/ 299m \/ 177m \/ 171m FY2022\u201325; going-concern MU FY2023\",\"new\"],\n  [\"0893\",\"China Vanadium Titano-Magnetite\",\"Small-cap\",\"Iron ore \/ vanadium\",\"Heavy pre-2019 charges; RMB9.1m FY2024\",\"\"],\n  [\"1231\",\"Newton Resources\",\"Small-cap\",\"Iron ore\",\"Charge on expired-permit mine before 2020 sale; US$4.1m offtake right\",\"\"],\n  [\"1104\",\"APAC Resources\",\"Small-cap\",\"Iron ore stakes\",\"Associates: \u2248HK$465m FY2022 (est.), 277m, 80m, 107m; net HK$245m reversal FY2026\",\"\"],\n  [\"0159\",\"Brockman Mining\",\"Small-cap\",\"Iron ore (E&E)\",\"Nil every year; E&E 96\u201399% of assets; cash HK$3.9m\",\"\"],\n  [\"0803\",\"Prosperity International\",\"Small-cap\",\"Iron ore \/ granite\",\"\u2248HK$31m Malaysian iron ore FY3\/2020; delisted Feb 2023\",\"new\"],\n  [\"2112\",\"CAA Resources\",\"Small-cap\",\"Iron ore (Malaysia)\",\"No mining-asset impairment found; provisional liquidators Jun 2021\",\"new\"],\n  [\"2668\",\"Pak Tak International\",\"Small-cap\",\"Iron ore\",\"Goodwill HK$165m FY2024 (share-price artefact); HK$11m FY2025\",\"new\"],\n  [\"1380\",\"China Kingstone Mining\",\"Small-cap\",\"Marble \/ limestone\",\"RMB27m FY2023 and RMB56m FY2024 at 24\u201326%; nil FY2025 at 37.4%\",\"new\"],\n  [\"2237\",\"China Graphite Group\",\"Small-cap\",\"Graphite\",\"Listed Jul 2022; no mining-asset impairment FY2024\u20131H2026\",\"new\"],\n  [\"2623\",\"ADD New Energy \/ HK Gold Industry\",\"Small-cap\",\"Ilmenite\",\"RMB50.9m FY2025 from a higher discount rate alone\",\"\"],\n  [\"2212\",\"Future Bright Mining\",\"Small-cap\",\"Marble\",\"Nil; 47-year VIU projection\",\"\"],\n  [\"0899\",\"Asia Resources Holdings\",\"Small-cap\",\"Mineral water mine\",\"Pre-2016 charges only; HKEX criticised directors (2020)\",\"\"],\n];\n\nconst annual = { \/\/ identified long-lived impairment, RMB m, firm figures only, 14 RMB majors. Full years only:\n  \/\/ interim (1H2026) figures are excluded because most issuers test at year end only.\n  labels: [\"FY2019\",\"FY2020\",\"FY2021\",\"FY2022\",\"FY2023\",\"FY2024\",\"FY2025\"],\n  rmb:    [8063,1735,10612,18232,5654,9008,7754],\n  coal:   [77.9,60.8,138.1,344.9,172.8,136.1,108.4],\n  gold:   [1392,1770,1800,1801,1943,2388,3442],\n  pwc:    [14,11,6,9,18,10,7],\n};\n\nconst byCompany = [ [\"Chalco\",14968],[\"China Coal\",13569],[\"China Hongqiao\",7960],[\"Tianqi\",7548],[\"China Shenhua\",6387],\n  [\"Yankuang\",2620],[\"Zhaojin\",2375],[\"Zijin\",2084],[\"Jiangxi Copper\",1855],[\"Shandong Gold\",1117],[\"4 others\",573] ];\n\nconst byAsset = [ [\"PP&E, CIP, ROU & other\",42800,70],[\"Mining & exploration rights\",10200,17],[\"Equity-accounted stakes\",6730,11],[\"Goodwill\",1360,2] ];\n\nconst byCommodity = [ [\"Aluminium\",38],[\"Coal\",37],[\"Lithium\",13],[\"Gold\",6],[\"Copper & diversified\",6] ];\n\nconst discountRates = [ \/\/ [label, low, high, basis]\n  [\"BHP benchmark (FY2024)\",7.0,9.5,\"real post-tax\"],\n  [\"Dragon Mining, Vammala\",7.0,8.1,\"pre-tax\"],\n  [\"China Coal, Shalajida\",8.3,8.3,\"FVLCD\"],\n  [\"Bay Area Gold (2019\u201320)\",8.0,10.0,\"income approach\"],\n  [\"Aowei iron ore\",9.7,13.1,\"pre-tax\"],\n  [\"China Daye, Hui Xiang\",11.56,16.5,\"pre-tax\"],\n  [\"IRC, K&S\",12.73,15.66,\"nominal pre-tax\"],\n  [\"Tongguan Gold\",13.2,17.11,\"pre-tax\"],\n  [\"South Manganese\",13.1,14.6,\"pre-tax\"],\n  [\"REMT magnesium\",15.02,15.02,\"post-tax (VIU)\"],\n  [\"RUSAL CGUs\",15.0,26.5,\"pre-tax nominal\"],\n  [\"Hanking iron mines\",18.3,18.8,\"VIU\"],\n  [\"Grand Ocean, Mine 958\",15.1,19.75,\"pre-tax\"],\n  [\"Mongolian Mining\",21.0,21.0,\"pre-tax\"],\n  [\"Zhongzheng, PT Bara\",22.0,22.0,\"pre-tax\"],\n  [\"SouthGobi, Ovoot Tolgoi\",22.8,22.8,\"pre-tax\"],\n  [\"Taung Gold (FY3\/2025)\",23.4,23.8,\"VIU\"],\n  [\"China Kingstone\",24.0,37.4,\"pre-tax\"],\n  [\"Wanguo, Xizang Changdu\",21.0,28.31,\"basis switched\"],\n  [\"E&P Global, Kemerovo\",38.16,38.16,\"post-tax\"],\n];\n\nconst swings = [ \/\/ [label, currency, amount m] + impairment \/ \u2212 reversal\n  [\"China Qinfa FY2020\",\"RMB\",3939],[\"China Qinfa FY2021\",\"RMB\",-2294],\n  [\"Bay Area Gold FY2020\",\"HK$\",2269],[\"North Mining FY2020\",\"HK$\",1774],\n  [\"Mongolia Energy FY3\/25\",\"HK$\",1299.1],[\"Mongolia Energy FY3\/26\",\"HK$\",-277.3],\n  [\"E&P Global FY3\/25\",\"HK$\",786.8],[\"E&P Global 2H FY3\/26 (derived)\",\"HK$\",-1390],\n  [\"Taung Gold FY3\/21\",\"HK$\",626],[\"Taung Gold FY3\/26\",\"HK$\",-428],\n  [\"Greentech FY2021\",\"HK$\",-257],[\"IRC FY2025\",\"US$\",159.6],[\"IRC FY2020\",\"US$\",-75.8],\n  [\"CST FY3\/2020\",\"US$\",93.85],[\"CST FY3\/2022\",\"US$\",-32.9],\n];\n\n\/\/ Commodity grouping shared by the page and the deck: rows are listed by tier, then by commodity group in this order.\nconst GROUP_ORDER = [\"Coal\",\"Aluminium\",\"Copper & diversified\",\"Gold\",\"Lithium\",\"Iron ore\",\"Other minerals\"];\nfunction groupOf(c){ const s=c.toLowerCase();\n  if(s.includes(\"coal\")) return \"Coal\"; if(s.includes(\"alumin\")) return \"Aluminium\"; if(s.includes(\"lithium\")) return \"Lithium\"; if(s.startsWith(\"gold\")) return \"Gold\";\n  if(s.includes(\"copper\")||s.includes(\"diversified\")) return \"Copper & diversified\"; if(s.includes(\"iron\")) return \"Iron ore\"; if(s.includes(\"gold\")) return \"Gold\"; return \"Other minerals\"; }\nfunction byGroup(list, commodityOf){ return GROUP_ORDER.flatMap(g => list.filter(x => groupOf(commodityOf(x)) === g)); }\nif (typeof module !== \"undefined\") module.exports = { GROUP_ORDER, groupOf, byGroup, companies, annual, byCompany, byAsset, byCommodity, discountRates, swings };\n\nconst 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vee\/q6CYHdDcDZAG6ohNG\/Jht\/jKHgu4\/yqCy4ys0ZQNMKlSQhdyqfrAW+nsY9jfVp2J+1WbDUvdRZO7oSRucD+CuAd1tyFadkKmV0zsY7e6PPtbb7YRFMuPIqAOsrYXRaQv5SScPzSaGn5d2RlTD6HwC3Afg0gCPt88Sp\/Swyfg+j1x6ptS9Z0vfHShidXwmjoxOv5xjybz56D5P3cIwlOFfZvdZu34EeZ29OtRBnPL2VyIRDAXwCwI2VMPpIJYyCcXRMpgQLqVL6H6YUGWckTAHgjEoY5VILPatuTPufr7PkbyYsCLbvLYbJ+UILy6kpFRryK2H0IZj8izUwieo6Jey9WVh\/slYK2\/vYDcAXK2H0q0oYHWoFjTjumOeKlAcLcNU3rRL2U\/1kvT+me1\/jfWbSaEvOWlwJoz0rYfRlAFfD9BX07FnT9r\/niuIUo84fw+RM9tsz+JzEkzJPWjykFfoBlTD6NoB1AN5nPaQ65a2aDXk33ton+bdvBHB1JYw+WwmjYiqFYz6SK1kKfG3bVHwMwG8xEhVSqXeQ9fMlsiB593sB+CyAgUoYvTC1xjTZl7ZTSMV\/18HkpGTlJk7cc8+1h3q2GTsBwIoVK3J2I2TlvRuPaP7eWrqiFeHBUVbciwCstx6r\/VLWm5ghxTlZz1biSTsRwG8qYfRCAPoP1\/8l+Xdtjh85zEVlkjprb7Zy84MwTZVVSt7NVWVJKTmQEJBXALiuEkafroRRu1WW3ly9\/6QSuhJGhUoY\/T8Af4Lxiu82St7NNY9cOoybNOL+iCUAz7e6YL55ET17Fg4B8GsA\/5U6CzRLOid59wnBey6AKyth9M+pcKyYzEV22qNiY6YhgDKyazyaHOYigNdbcjdr8f4kTnz1wHVHwMSHZ6pyKjk8PywFfs32A+FWPIu1Hj4H4EpLYtNW9Fw8sEkeioJJxv1lJYxeXAr8xsqVKz0YdzrgmpU6zC1LXVXCaA\/bduZH1ohRMyhDWi2PEmVfBPBxq4i6rHdurjULHu5hVQmjo62n5EswHno1R7xVU\/G2JB6towFcVQmjd2P7HLG5fh5EKfAbNtfqWph8z7l0FhKCl+zvb1TC6BtW7+4witYSIpTyYp0H4AlkFyZMLKIzK2G0B2Y3TJg83ykY6X1FM\/Sd91kyu9M9UWzPD10Jo4NhSlX\/HaZiU89xK3q0oFEwuSHlShgdedmvriRMvXTXwWEmyNXzYTz+b0kpw\/k8tWC0R\/l4AOsqYXSqlU80V9Y\/cQhUwujDMF76F2DEYzUf30Hi0FAAAgDfqoTRV2wazVw3LpOw4OusPtsLI62e5tp9J\/tbAfhnAOfbNJoJ879aWj5tm3ZdbP9\/Vt4lbT0Tb0oY8Gystt0YeZg4OGaIbSeE8hzrvdqZZydLruJKGK22ltyLsb17fD4hIVm7A7gQpvLHnwdCxmHXIldvsGdtuT1rYgHtz7RHeSlMbtY7MZIcPJvPmaz\/bgAuAPD5lGHsLYB3kOQNKQAfAPBdZFNB3SrkADxRCaMTAPRbYziLPppZkNkYptjuy5YHiMwJVupLfgDT9FIgGy9Wcs0zK2HUZsOENAubGTDuzENmSIkniY1bAfysBd9Jllydaq2HA+zGmc\/CJrEyuqyAyTuC5TAHkITg3wXgfJiKqCT0vhCRKPscgO9UwujTs5mAbXPBVCWMDoOpSjsd8zckO+E+s8\/TBPCWShhdVAmj3bIaF7azrwWmDclFGEn\/mQ\/vIm1EvLsSRv9vor3dsg2fSq67EWY+YdbJ7s+GaRA248nulXC4o\/VbMeI2zBpJKOHyUuBvTrXzn67A0ZUwOgvAJTCdcBeKwE\/C08+F6eHkCJbD7GmRkWTqTwI4ByM5Mwt9mG86QfjjlTD6N6uIvJlef2tIPh+mldBzrSG5kAfJJ\/rwVAB7zJITYqJ9AZgK72\/BeDrnY8Qk4TefsdWFY3qyWvlQXAkjsl3Nv5vB9UcrUA82PDfDnWwTV\/NBMF12Z6ovUiIQvpsS0jsjcE4B8G2MlIQvJIE\/J2dVOuxySDxXZwHow\/aVabsC0g2AP1sJozNTie8zQa6S6rQXA7gcZjSNwsL1HKYN8QjAqaXAvyPJPZtj97kEZlLHvEjGH4coJl33v10Jo0V2bBRlRbDSROeXAO7MUNElB\/Q022F8xl5Synv1CphxHQozM3cQMK0ZBuxa62nceyLwXwjgxzAhtIVqTTuvlcOsIeW5Og1mXNOu0P1\/vHOYJMF\/N2mMmXW4MGVILofJuVqCEc\/VQgWn9ON7SoF\/lXV6qDl8vzTP97aCmSX5CYzR\/y2LTS5KgT8E4NxR5CAL0tEBU4mDmbKKUpv1TTO4QZLv+ZF1RcppvhddCaOn23ezeIbIoYPDrkauEkPmOQC+h5EGibvqWUsUURuAH1XCaDc7rFhkvP4HwMyVS5okewt8nRNjua8U+D+wJJPn+L6Y70gqON9ZCaMjRutnkeHC\/RTA48huGG6ycV5fCaNS0sU7a8EJU313NEzfEUL2QjN5rrthPIM0nUNTCaOEhP4YZqbfXK\/YcHCYl+TK\/twjZcjMpRyY2UJS5bsMpoFxVoY3lQKfK2HUDlNQcPAuYkgm3rnvlgJ\/TdJ+x53IGSOJJQD\/D6aBsM6SYGnrLbkdJu6dZZhQw5Q7H2uF2kzM52IAZ6Wsspl4gQTgslLgP2wF+JQOjrXoNIwb88WOXDk4ZHde7Vn7DEwhjvMSP5Vkva0SRicjg8qxZJ4dgK\/ANIBe6GHBhFx5MEn8704NS3Z5qDO3rxnG2bMMqchWVgc\/+YJzUzeQ5fe8eTRzzMIytW7nPQG8bAZfnoBJWPxfYOq5V6kZT0dbguWsaQeHbGXEqQDeOcuGDE\/ig1m8t09XwqgDLawgS63\/man1X+hhweQZ1wN4fSnwlQ2\/OnI183u6ADOkfdiTnRXB0pbwXAPTsiH5syyYIwC8uhJGByYWZIZEBwBWYqQaRc7A4QGAX5YCf1pFA9Zdngfw5ZSwEXNoU84Voe\/gsNPyoRJGuwP44iyep9h+aBIfDdMzaSa9Hek2O2+BKQRohcwWVtYdABOCnO8J1JPVsxLAZgBvLwX+4HQiHA4tO3sAcHIljPZKUpYyU7Sp0tBvj7qBLDaZD+vFyirZPZXc\/sYZfGEJofohRgaUTsmis+vzFpiRELNVMZiQp6TTsEo93+hP8vfpSfYOc48IzwUPCWfwma68S7zL78LM5jimz1XSBDExpCIAW0Z9ngRQS3mOchhpAaNm4MwleasM0x9rcQvH6TCA\/wSwN2a3Ojot7ybzmc7eS57vMQBvLAX+3btY3tVcM86lNWwOBLA60b9exgsAmMHBdwN4RkZCJ\/me0yph9PVS4FfQ+sR6sgt2KIATUwuatXUiAPwZxv0LTC3nK6ka3APAx2ZpAzK2ny01Wog+gZH4dWLdLh7jOmqG1txh7L2fKEWag\/fWKq\/KzhSskD1r+wL4V8xc48TRc9sehokYbASwCcD9AB5KnS+ySmBvmEaPe8MknXcCOApmlmeCLJtxJobj0wCcCeB\/U3lD01VuqhJGJ8JUd89WV\/D0sOjp7M\/E87ije0+M0waAM0qB\/5dk7NkCl0WJISHGWSMepStoFuSRAPAqAGtLga8yI1hJuWIp8B+thNFPAHwoowdOEiePgEngvtQe1pZ9QdJTBcAZMHHWmbCOEqF\/USnwq8kssyla1ADwDsuqZzIfhFNKJtlj\/wBwsyWLN9n\/v23UniAAuwE4CMBzADwPwJEYGdqsU2vjMHNKIwklTedsUoZ7TLXwGT2r4KYjHxJy8CGYWZhZn7V0v6MhmN543wFwYynw\/z6J379\/1P0XAOxvSdbrYZLDS6MMvSyUpQTw9koYnWdb+0ynIIoA6M7OzjyANaPWZyZlXdoA1NZ4fNg6F+4FUE+to4YZl3QgTLrJbjDTNLxRcm4so1Sn\/vxtpcD\/XUo\/LWRPVSL303uxOWp90t5bpMjYTBGt5N5eXgmjoBT4YaYJgKkW\/d8H8B6YPihZWrJvBHBpixurkbWOFgF4zQwd4MRCeRRmtuOUu9VbgtsGM\/l7JkcRpK3qOky7jl\/A5JFtm+Q1rgew1gr\/g61F8BqYMOdoIeOQ3XsEgOvs+tcnud6JkpQAvmS9I61U0sm1NltvkcLOVyonXocHpnG+Zarn0hnIPvcnTd4uAfCFUuBfn17\/FStWeFcPXJfkwfIYhHA4JH\/qySeiFPh1mMbQdwK4qBJGh8CEOs+G6TWYBWFMqsCPtOf6yqkakWly+4fr\/3IKzOg0PUuyLpFb6+2Z+b9S4D8yyWfYyxqTL7CfY0d5tdLfkcjyj5QC\/wLYSMUCJVajB3HfCuD\/ANwB4B6YcLdIyZ29YWYDHwkzZSWYYX2RbtmwCsAvvRlYJCoF\/m2VMLocwGkZHdZkkV9RCaNDS4F\/B1rUHiLVEfhY++Jm4gAn1l25FPhbp\/osKUH1Bph5fDOR8Mmp+67DDPH8Winwb0xvwJRwH0+RDT9rKfC5FPh3AfhyJYy+DVO9+W8AjsvYut7lkSjmUuA\/ClP+PZ2z84kMDJLkWltKgX\/FbK9TylP8KgB7Zey9Ss7XPwD8aynwL0pIRvq9bdiwoTmRB38M0pWcS5QCH7ag5t8qYXQ+THHMCRkpKYbJAXsNgCunQxRSXeE\/NIqAzJSsa8CkwXwZwIZS4A+OoXApNQEkuW+k5NwjAH4O4Oe2f1cXTDXaaaNIQtIs9SulwP\/8Ag4LJvrKA7AVwGXW0XBLKfCfmOS5PBTASdaxc9io62ZNugWAF80EwUr3YPohzPBJmdGDapjRL28D8JGdjOmPZcm\/DiNdW0XGm0vAuP5\/mLbSpsCiecWKFTkYd39aMGd9KKS1MP69FPgDKeGSED6eRpPU5PeHAPwMwGWVMHo\/gF5rKbieXhlbZVMca0IpxZnle5GVMPIxEibYaRJn96ae4u+oShjlYNoCZCnAE2PiWgBvLgX+35P30gIPxuhzKeyZu7kSRicB+CSA\/0DrPffpKvAPT8HDnTastSWAx466JjJ+D9J6qj5ZCvzfpfSdh5GWQZxa38mcMSoFftV6wq6vhNHXAfwLTJFSEh5bC+BD0\/H2zROk5fmPAHyuFPi3pZ0Hp558Il32qyvHM86pFPhN62S5oxJG5wL4MICPWJmUtVGeyIBnAzPQIyR1+K+Gyb05Ctkmu59SCaPPtyjZPekKvIe1JjCD3qtrANw0jdyrpBfM8wAcPwMWXTrf6msAPlEK\/NAK6cQLtTNWVvL7iRDSpcD\/aiWM\/mQP4KGOZGVLnKcoyBOCL64euC7LUDqfsPJ4tWHDhlaECHfWeDweJgcUGRGsRCn8BsBrSoE\/lLGC1TbFIDlvn6yE0RCAzyKbvJa9YEJjl6fWdDLrT6XAJwD\/NMqrlLXxq2CGd3\/JvouE6E5X1qXPWNqb+BcAb62EUT9MH8TbAbwjlXqz0Cqsk\/f3CIB3lQL\/58k5S7x+yTpNgrAmaxgC+GQljK6DmWKyR8YkK7nuMyphtO9MhFfYHprIPmBWQihJdu+CGcTMO9tfJWW5nw6TaD0TLsbkO\/\/XHlaehhCAteryGMlRyVro\/Hsp8D9QCvwwGXQ7yopriaK3hNcrBf6fALwcploqefcODjOJ5Fx1p6zvLCx6Yb0aZ8wAudrOOLbnTZQC\/3MA\/gfbV\/226vkAE87BqSefOCmdlKxBJYwOgymLzzrHJpGjjwB4ZSnw\/zP1Llop6zi5ntU\/ohT4v4LJL+uxBU9iAZKrGCO5latLgf9zq0dEan31VNfQki2vFPhXwoTxH8FIm5AsZcL+AJ4xI\/krKYvkIowkpmX1gAzbq2onhRClBje+NsWwMyWj9ucdAK4YtXaTXmsbHuzGSNguq3tNDsVHSoH\/39Y9LrIW\/jYnzisF\/t0ATgZwC0aSZh0cZgJJG5QSTL5FVmcsKXY5oxT4W2YhNMQJyYIJs9yMbObLHlUJo\/zAwMBUDcIXWOM3y9SNxLPyGIwH8ddWL1CW7yIhFZbgPlQK\/C0YGcW0kJAUmWwC8PJS4G+28l21YJ9xSl\/8EWbMXTxK37aaYCnr3NhPzOACkk2YPS9DspJUW5xYCaPl2IneNikr4dkAjsHMJE8mrt9vlwK\/ge4pkyMCgKsHruuECVlkadUlCZdftAmXokUHYiokS9qy9G6YkuiFaNk5zEGk5MMymFL7LORDcs2PlgL\/npTSmQ0FSKXArwH471YTVfvzmTC9EicVeUg1J30tss99A4BBAK8rBf4fK2GUm8lZf6mQ4EINCwKmcOO1pcC\/N4vk\/SRXshT4v4ZJZZmJtewSMyyQABMmrGaoDJPN+C7sRJgwlfTZDVPJkfUMvyQu\/DCAnwCgyg+i6a7xqow3UGLR\/RHARy25mvFuuvbQeHaw+L9gJA\/DkSyHmSAdAHA0gCJaH4pPPDLXAjh\/tpOarZIXMC1XbsFILlKr5MlSAPuNIl0TGpKVMFoKM7os6\/CgAPDBUuBfa+VNc5b220KUa8m7e38p8G\/PsKfXcC4vgE8DuC9DHZnsxWd4M3hAk3Lam2CqL16GbJPdT6qE0e62rHM6Lm1tS2Z7JnnoW2Wt\/tyy+OkI1OTFviglpL2M1ncbgPcmniTMUnjO7itZCvz+Shi9EiOdnF2PLIdM992os9bq\/ZbImy8lIY5KGM1kP7uxzn3Ozrv7PUaS+luhjGKYCq9DAfx2R0rPJrczTGPptozWHyn9dGkp8L+\/wBt6zgaS9b3Iyu+sjQhGN2Qp8CuVMPoqTGuNLAuknunNsFAiAHEljL5rCVYWwiKZCXQwzFibC6dSmWIPcPKiXwrjts7qAI++bwD4Lmz14lQFshXEJRh3e1b3nHivzp0jIxqSEnOC6eR8MmauIMFhF4Ydor4iAwMs2bu3lAL\/Mis7m3Pgkev257UwfZpa9czJdbrss+pJ\/HsN03EeGSnJxEh7FGbU2EIMz80mEo\/okwA+M1OyuvKDCKV+n2B6a30ExnPa6qrC5Fl292Z4URN2+nOYRO5DkU3JZFJG\/CYAF06DACQH6c2YmfLfZA3WlQJ\/A6bhDk41PDwAZgRDVgRLwoR4vzDKkp\/Vw2pJ8d22IenHLMn24ODQeiTKdl8A+2RoxNxUCaPn2H08F5S7sOcqyMiA2W+K5OewUfI6i+c9txT4dyzgvlOzZhjb9f11KfBvncHKWGWdEXfb1g2vQeujL8m5eOaMKyDrTWpUwuj7AD6f0eEYzkWqhNH+pcCfdLw1Vf57qLWQZqLFfkKozoHJG5vOZkusun1gBiZnYdUl17ywFPgPzUGrjgBcANMXZwlcp3eHbGRY4mFeDhPaarUxk5zb1wF4JeZO8QZlZGwma7fPjmRfEo2wg7UPGiXvW61DhmBmPNICHUczm0j20PmY4UhDKmf4WkuwMtMR3iwdUsAkcn8YZjhqFopQA\/BhprV\/bgrx80SQvRymKVnWTSyT62+CaSQ4XdKS\/M6Bo6zgLO73Uox0WJ8TOQkpy2RTJYyuhZka4ISiQ5Yy7JDU2ctCSRTtZ1dZz\/1gyttrk\/i3+9oPMlj7RCZfUQr8e9x2z8ShQADuLAX+VZh6M+NWvF8G8CdknEoy49Z9Kin5bzBx0KyqI9LJ7jJV1ruj+9O9vb0CZuTOTKxRck9l2+dGTHMmV\/I7h2V034nQuQPADRgZBzGnPAt2PS+frf3tsEsRrLQxk5UimqufLBCMscbjrf3TYbyHcQYKMnm+\/sSQdFu+5c4PALgKs1CQlOoCfyuAcNQ7n98Ea5Tg+KFdXJnRszFMEupzYTvK70BBCwD44L99NOvRF6Pvcwhm7Au1QFjvldF9JxvwhlLgP2Gbis4pgpXqpnyZXVOX5O7Qcpyw8vhkXz0tS+GMkfSEufjJShbuPUk5dECGusmDSW7fAJfYntUaA2Y6AWaBwCbfPwTg71kr99lShCgF\/u8BDGAkkbzVwklbq+hk+308id8BTCf4pCNrlkiuf7FtmIlpVA8ObxpLEPfP6F6TQ\/CXjJXKTh8cO53+5oy9Cw67JmjDhg2J12S3GTLCFvya2p85mJSRidY0kTtPz2jtE3lxF2yvJJd\/lQmBrQO4bQ7okgXpwUpYKwP4fsYWETCJUTepIcn7wM7FQvYz\/AhAE6a7Pe3IwzbJ523LUAgyTJPBuUqw0u\/s\/+b4fTrMYyWxYsUKL8Oztisr33gHxnlynvfN2Ltxdynw6\/Y9OxnS+vV9DMDjsyijkzFHf1uQBCvVu+jXAO5EazsDj1a2R1TCKOn4K3awFqthvEBxxuuTdGr+\/XHHPPcPtjJJ7+Rz5pBti4YmgHtHCbo5hRRJ3egIlsMMKQuH1svs2UIiP+4DgKsHrnPvOJszUwGwxeqSBbvfZjMJOBli+TiAn2X4sAlpOx0TjM5JVcO9cYbWJgm5Xbxp06YGWtPygGCqcLI6FDGAB+eJgH7MyTIHhwVHWhPDfL+MdEZyvb87Ep0ptp168onbFvoaz2qVVcpj820AUcb382I7OmeslhDJbKtlMB6srNcmERL3A7jQroVq4bUXsoU52ed\/HCPNRp2QdHCY+yBMonWQ9VIHGd\/LkHsd2b7rMAwXfO7ibJexJ1Pa74YpiQVaHyZM5uQdBtM49ClerFQVw5thPEAzldz+Izvby5UBtx6xI1YODvPuzG6Z5L\/NOvHctXhxmP+bKEUuzsdIT4xWK8akLcQpwFNmXSXJ7UuSv88YSQPQJ2G9Vw6ZWcMODg5zH4m8bwJ4YNSfzfY9OTjMX4JlyY0A8AeYvhgiA+tEWoV7WiWM9kgfHuvNYgAvgBl9kfXcwSQ8+LtS4G9OqhfnEbFwgsfBwSELyCnIr5nKkXVwmL8ECyNhwirMHLms7othZvS90hIraQleQuZ6ZohAJM\/2PbS+aR9bK7DVSO7Rw0j\/mbmK5F4X2ftVcN4shxYjCAKGMzZabbTdnZJfPIFRrjHi6crqXg6YIYPVwRGsbJHy4PwIwMPIJkyYEKnX2i7kiSeJK2H0NACvmgHLJQmBbigF\/pVo3QwmBoBTTz6xCeCeDIliDiPz1+aq4Emee3+0pjO+g8N2WImV3sDAQAwT5p8Jo2xXweOTmG2a6IasKtB0mmCluvY7OMxPgpUcnFLgDwJYO2qjt9qzcTyAZ9qJ7ElLgzNgPB5ZC8rk+t8BWj8i4LJfXakBNDK8dwLQae99TgqelEfymDm4xx3mPzhcMVz9FM6QwbArfADgIUx++G5Wci757sM7Ozvzqa79Dg7zl2ClGkT+yAquVudiJY1MlwB4CQCcevKJqhJGBQDd9t9kWT2YDEu+ByN9v1pK6Cy5eDDD+weAI0cJojmnAO27Pn6O36fDPEWq+eR9bo+1BNp+dhj2Sxl2WXXgTvTQQX+4\/i\/7YRIzbB0c5jzBssnuEmYUyzpkEyZMDucbKmGUuPlXADjKftdMJDb+uhT4j1bCSLZ4xlXybA9nJHiS6x9dCaMl1pU\/pwSPFYRUCaNjABw+1\/a4w4JBcrYemYE9RrvAJ2fX8K5RxvZEcujJDOVcDDPI+\/nIdri1wwKHN9duyBKtc2GS0VtNeJKD+3yrgG8F8BqM9L7KkmBJmATOb2YhGFLViHdmJHikXaPDLCm92n7nXMpxSnKuTkv9tyNYDlkRrE0Z7bFEFl0I4AorpxdyLqEG0A4zNg2lL0w4hmt0p\/UsznfyHa8DcMEk8sIcHOY+wUolfF8BM2n7sFEbvmXCa0nH7m9g5o9trdbPmgErNBGYl5cCf5N91qxyzP6esWLxYMYO\/XaOkSth8+p2A3ByRiTTwSE9h\/PWjEn8o6XAP3+XW+C+CclksvZPAKgDKGDyeVtTMSYB4OWVMDqsFPh3OHniMO8JFmASv0uBH1XC6FsA\/gcZeZa2DD7xvK3V+lsA7J4BiRuL\/MRIJbe3uPdV+vDfCzPmoS0D4Z\/sl9dXwugzpcC\/xw6p5jmwb5Jh2T0w3smsPZIOswu2rRJm5bsTAgQTkt+3xWctuc5rKmH0cWSX0D3XiKvC5GYRAiaX9W4AyzIgWLDv0wfwQQD\/ZL31jmA5zG+CZSdrE4BfAvg4gD0zEl7PgUnY5owJVqLobwFwLUy1ZBaen+Q5HrCfQzN8nnYAHwbwbvtss+1CJ+u9WgrgPzCS6O6wcNF22a+ubCsF\/rZZlFWNShj9nyVYrTbIANMq4EWlwL8iI6NsPpIwtmTn8UoYPWAJVhZexCQH+C2VMPphKfD\/5N6Bw3TJxlyCsgfoHkuyWp3sngivEoz3KuskxuTaF9i5gwIZuJpLga+7uyFLgf8IRnph6Yz2jAZwZiWMjikFfjzLsxTJfj8D+BSAvTOyaB3mBpL3usR+ZqVlSGrPX5fRWUu8OR9YsWJFLmMjcD4hMZ4YJgcuq3VJ9I4P4GuVMMpbDxbNgb3v4AjWzlkpdjP9L7IdXcMzJAyeBPDDhAhl9WXf\/cGworkhw\/eb7pT+P5UwKthnmpXDb63KuBJGZwJ4F1zn9l2FYO1mjaTZVjx\/TcmoVsqThES85OqB605KjRSb6+9lJpDI0AH7Myv9kLT2OQbA5wFoS6xnY78JZzg6gtXKA8SlwN8AE1bLwkKcCaGQ3PP5pcB\/LDX3MCtimrivf41sw2SJ4HkeTJ5c0itmRg9\/JYw8S66OAnCOva8Zvw+Hp+Kggw7SGZ5ZBaADwH6YvTL65NluhancbfXUAEqRh8\/Z1ihqLsrsFPGbkfeQyoX6A0y+adY6UgN4fyWMPmjlzYzuOTt5RFfCKAfXl8sRrFZ5Jux\/ftv+nG8JhgnBaSDbGYujvxMA\/gLg\/ozXTcDkXr2rEkb\/nrKwxQztj4RcHQPgMgABRkYROczivl+5cqXX39+vADyW0R5Mrnec\/e8Zr2a1uUBeKfAfB\/B\/GZ2zxJDphPWAp7wocwGUatXCM+hhYfsOHrEkK8s9kCZTX7YkS48ilpkR15SH\/nAA11TC6O0239Rzss4RrJ09RATgKgCbMdKHab4gOfDrAdw8gz2jqBT4NQC\/G3UfWQgeaa\/\/uUoY\/ae1sJPDn6W1TFboHA3gUpi8K9fzao4gDIdHyUQZfUVCMM6shFHbTHpPxpFRv0ydh6w8KK+qhNHXk0TrLM\/YFAxgtsr+uEoYra2E0YHWwyJn6PsB4BJk05R6tKxDimR9qRJGvn122WqiZa8pS4Gv7bt+o9WDz7ff\/0or\/5y8cwRr2haitpvsCQA\/mUUhujNrSwDOLQV+fQaEwGjB89MZsOwT604D+EQljH5cCaPdbWM+anHYkFLd77kSRm+1JLLVJfIOO4nUKJkHMpIzyVk6AMA7ElmxM16Y6ezTVFuBy5Gdx5gw4i1+L4C1ySSFLJT7JNdKWMXvV8Lo32D6Fp4O4JJKGO0xw6HM9TA9sVo9Wm28PacB\/D8AA5Uwel4p8NUoojWd8CFZb1XisVJ2fQ+rhNFaAOdbOadgcl\/7K2F0amr6ifNkOYI1LZKVJCz\/AEB1HinR5KDfaYkOZqq8N\/U9AzDNWrP2\/CUKQAF4A4DfV8LoNYl1C4BXrFiRm6YioMSas9dTlTA6pBJGF9k9EThyNSeRkIwHMzSMEmX38UoYrbCEY7L7TFTCyLNeIE6FuKZj0IhS4FcBXDzq7Lcanj1jpwG4thJGL02Ue\/I8Ga1zcgbTa6UrYXSKJVb\/DZMP14CZ8PDjShh1VMIo01yhJCXBNgG9LiNyO56s0wCOtiTrG5Uw6kq9CwYAK\/NGky5KkSlp9+uwJzDlsTq2EkbfgClWOh0j4ddElhcAnF8Jo1fN1bw8h5FDO9cFNZUC\/2+VMPopgDdaS24+3LcA8G3bK2cm+6ew\/b6tlTC6DCZ\/YyYsnOTwHw7gJ5Uw+qUVvn8sBX4z6W82lZL6ROBYRbYPgLcDeB+APVLC1AmXuUuw\/pYhwUqqqvYE8ItKGL2uFPh\/TEjPBHuKAehUHk0HTOhlQynwn5ym0oX1MpxtSX9WuUhJSL4LwK8qYXQhgP8uBf6msfKCRjXGnMz4mae0vBh1BneHGaL+PgAnYMR7TRgZN3YijNe+e5TnJyvCo62x9aoZlAUJySoA+GeYUPXlAL4P4JZS4D++YcOGROaNtweRGL42zL0vgNUAzoSZjduWIuxijD3QYT1Zp5cC\/2euR5cjWNNCauOcC6Db3vNcLldNSrafAPCLWbwHAvA9AP+SOqwzQbISgXCK\/fymEka\/BnBVKfA3TqUbslV+L7XC\/HUA9koJJtelfY4ipVg2w8zfzGWsYJ8O4IpKGH0dwI9LgX\/bDvbVwdbb8ly7t1YAeD2Ai1MzPafqSbm5Eka\/AnBGxvszUe45AG+BmarQD+Mpv9zmX47phTph5fFPISBXD1yn056X0efTKv8XWuX\/aoyMLxvrHCZG1mmVMPpqKfA\/YNcmE+9SKsLxK+vtOQoz59FOCL6C6cf2Bvu5wzafvRHAHQD+YT+c2q9LYMLbhwI42N73CktSE8R2PcU4363svz+\/EkavKAX+tZUwypUCv+kkkCNYUz1EgKkW+au1Nueygk0O+C9KgX9nUu02w2uWeP7uroTRjwC8ZwbXLBE8iUB9mf1ssZ2XE+FzL4D7UmSQYfILnglgfwAvst6w\/ccgjo5czW0kYbL7ADxklUlWRpFI7Z2PA3h3JYw2WoU7mPrOpwM4CKa1wxIYL2jau7MKwFpMLxcr+c8vWEPAm8Ezlk8p979XwmgAJiF6gzXytpUCv27lqBrv3leuXOld9qsrO2B6iz3Dks9j7c99U8+kU+RWjnNvTZi2Bg+XAv9zWcpAS+CalTD6X+tBmsmUAUoZ\/Im8O9R+3mTvpWo\/jO2bl3aMsU\/0qOvuyJhVMB7TciWMTrFtjbLORXNYSAQLIyGveiWMzrMES8yDNf3uqEMzo0hVLZ4LE1ptx8x5\/tKJnolQTzpvHzGN601kzTnMXeOoUQmjWzMmWMD2Cci7WY\/LC3ckV+y+SkjKikoYBaXAr05jvqa2v\/MX6006cwYMGko9t7Jy50D7eYv9N3cBeKASRg9bsvVk6neSnwnZ3M2S0GdYpT3WGZxMG5aEHCgAn62E0WAp8L+JEe92qz1Z2oZFL7GG5HNnwQBPy7t0\/zfPEqmOcX5PpQjhdFrcJCTraQB+ZnOy\/jobRr3D\/CVY6e7n5wPohQkVzcUwYeJhuTrJB5mh1gxjrZmyxHRDJYzOh8kVmA3Pn0wptOkIV5ov+9RhTIJ\/HYCTZ8CzkHhUJrPPErmRS\/3bZQAOgfGST6cwJPEcfN4+b8cMyaixvCjJnx9sP9ORYztzBtPk7+vWk3VpFoo\/NZtwWyWMPgegf5b1Qpoo8aifo\/efbIE8TvbqvgB+bT1ZN8B5suYE5otHIDlEIYDzZtMzNAmrmOw98hxoCJis0X\/BNH1s9TiPqSoCMY2PK0Ge37Ll9zAhIzmH9lna40DWO9NuvR87Y9CIUuDfDOAbs6DgaIxn1Fb5xvYdjPeJU94UbtEZTOuW8yth9GJb6dlyYym19pcA+BlGcpRmGzTOfmx1J\/iEZO0F48l6DjLuR+iwsAhWmvWfD2ArRvIQ5gqSctnbYfriTDXM0HJY606WAv8fAD6auk8Hh6z3XuLN3YiRUTJzde8lcvDkRGHvxDMLAJ8FcBNGwmKz+VwSxvuUm+DjYSQE30rFn3ixigAurITR0RkPhycAH4JJKifsWh6chGTtA+PJ6sp4rR0WEsFKWSm3wPR4mmsHKLFKflIK\/CdsXsBcuL+kCeOFMNU2niNZDjO074RtfXAN5vaoq4RUHF8Jo\/aduA7bXKwqTEi+mvz5Lq5jtPWu9FfCaP8sBlfbZp+iFPh\/g0kjEbvguksYb+ReAC6qhNEBqWakDo5g7fAQJYLw3NSGmktrWYUZOjxruVdjrBnbT80K\/X\/MAcvaYddAouAuxtyu\/kzkyp4w8w2nPWculft4HYCPwOXCJLJRwRQ7\/KQSRkutfGzpfkit\/Xdh0jTm23i1VsCz++0IAJdVwmgfR7IcwZosksPyK5jQA+aI8Eru66elwL8XMzQWZ4reBGnv7d0weReMXduydsie3Gv7cwDA9XPovI55RuzP1TsrG1Pe9m\/A9KJLPAu7MpI1WAGTk5XVcPakg\/y\/APjjLrr2yWilZ8H0hzsgC6+hw8IjWEnj0RjAt0ZZybNppSeJsucl9zgHlV1i3V0G0y8ose4WKslyBHKOnFf7Hr6AbMr0W7lfAOC4VHNj2onzBgB06sknvhvAZdazsKuTrGQNTgTwI2QwjcF2nkcp8LfCjBW6D7tmWkTiyVoOk\/h+cNIf0UklR7Amg18DeBSzH+5KElv\/D2YOn5irIwtSlvUXAHwFY5d3LxS0ulLHYZrnw1rOvwbwZ8zdsE0iC5fBNCTd2Vl6uhJGGBgYiAG8A8aD50jWCNl5bSWMzu3u7haVMMqiN5YsBf5DMIULf8eu68mKADwbwCdasKcdFjrBSnli7oEdpDzLBCFZw\/NtntNcCw+OXr+ksvD\/AfgSRvIjFgrJShr93Q\/g7jmwP3ZppKYKVGG8WJijxDfxQu8J4DmtuE\/77KIU+I\/DzMpbnyJZu+qeTBvD2\/r7+\/V4M\/t2Vk\/Ytb8VwKnY9TxZSQNaH6YX3SftOXS5t45gTWrzAKZbejJlfDbv4yEAP04d7Dm9dqmKmw8B+DKeOgZjIezrdwG4wv5\/VzU5+0aRKAX+pfaciDnqTUgI1UtbeJa1VfSPWEX\/Uyxsz\/FESLrBSwAfKQX+BzJeg8STdTNMWHIDRjxZC3ntk2eTMOHpU0uBf18ljJyx6QjWpAR2kjy7AWbuFs+SEk2SNM+1IzbmTePWVAfkfwXwKYw0xJuvZESnBPiXSoF\/BYAt89yQWFCw5+OjMCNc5qI3IdknL6qEUb6FyigxaLYB6AHwOYz0nNoVyH96nM9jAF5fCvzPp+RlZko\/FfG4DWYm6tqUQbkQ1z7JHWQAnwFwWtI2aLb7MjqCNb+EdeK1+gFmJ98myb0aBFAeZQHPF5KlYdzGvQDejJGctvlm4SX36gH4b+uZEzBhgfn2XhYkUkbRAwDeCiDE3OtVlOyTQ2BnZlbCiFr4\/FQK\/LgU+B+FGc6ctExJuqgvRMQYadFxOYAXlQJ\/rR2bo2do7yUk68lS4J8J4GMYmW+6ULxZCYmVdl\/1lAL\/47YgTLjQoCNYUz00SUXElQA2zYL3Jfn+3wHYmKo8mpdktRT451sL7xpLVBLreq4Ln8RiEwA+Wwr8f7cjIjRMcqurnJlDJCvVI+qfUobRXBL+iVc6adcgWy0z7BpcCGAlTMsZiYWVC5mOKHgAHgfwPgCvKgX+balK8Jnce8quPUqB\/1kAJ8AUXcwnWTfRWqdJ7IuT2Y\/Y9TraO4LVKkFoD+oWmEnqM41E8H7LWgfzVTCytfC8UuDfdNSzl78MphNyaJ9xroYxkmR2CeNFfHsp8D+G7YsM7oPLv5prJCtJPr4A23uy4jm0r2DJD0pfaLnlnz5vd5YC\/xQAZwG4I3Xe5qtXhbG9xyoG8H0Yr9U3Url4s3UmOVXkcy2AF8Mkf2+dp2ufXuuHAJxdCvyTR5FYFxZ0BGunhDXsIa5i5pLdE6G7AcDViXU+z9cyBiDuuuuueinwPwXT0foyjAzqZcyNPkbJANtkcOrvAbywFPjnJmHj1Lu4H25cyVw1jrxS4P8IplfRgxjJyZrtczTcrqESRk9D33CbiUzOG0zY8IcAjrXK\/uGUV0VjbvcOQ0ouJJ4\/zxo8PwbwnFLgv6MU+Jvt2ZwTVWwpoheWAv8\/YapGf2iJ1lxe+\/Raw97rVphCpWNKgf8de+9ivkZTHMGae4ebSoF\/H0zyImbIY5EcunMX2BgCjZEQxi2lwH81TB+ZSzEShkusvJk+wInyTaqQ7gFw9gkrj39xKfBvSoVo09VZEUyY0BGsOUjoLcm6EsCLsH2oLJ4lopWQdwXgmQCOz1hOapjeRJ7ND\/pP+50fA3BvyohIn7m5sI+TsFSckgsCwCMw\/fVeUgr8N9kWCZTyWvEc2n9pWXdPKfDPggkbfhPAk2OsvZ7l9U68Ucl9NWGq6E8oBf6\/lgL\/QRsSZLiQ4JyBtwCeIXFFXwDgLSkFm1XeTaLk7wfwM8zxvlfTOcxJGMcKoqsAXFUJoxcBeC9M6GTPUeuRgEb93BmBwqMMgYTE\/g1mFuV3bH8hjGexWfJ7H0zCsm7xHsjSOtUZ7Nm5SrJEKfDvroTRqTAhww8DOHScvUUtXm8edX2RIlObLEHPnJxbb1ZCRO4G8NlKGH0XprXAu+z+XTLB+8yqyIfHeP7ku5LzuAXAzTDFRr8pBf4\/gOG8Tgag53D12rCss0O6NwDYUAmj\/wbwegCnAzgypSfH2jPIeF8m8i+5hzthWn18rxT4d6bWWmeQ15b24lELrzmXdOZoD6wjWGN4NgSAP8F0Sz5uBggdAPysFPgPzefk9sko5eT5SoF\/DYBrKmF0KIBTrLX3sjH2kE5ZtjRK+NMEAiX9yY36tzFMMcMlAH5iy92HBctYBMIqKw3ggVGKsxVo9fVgn1kAyGfwLrO435Z5ElIeju9XwuhnAN4E4I0wc+swah9gnL21I4WV\/iSEffTv3gXTO+13pcD\/RbKPZ+h8c2peXNKc9AIAF1TC6EiYfKGXWQOnbQLv22TP3VgkikcpQTnOGj8JU9zzBwBX2z5TyblLwvTzSSbqUuAPj3WyEZHPA\/h8JYxOBLAKwEkwHdHHWsu0dwmTXHseZ3\/mxvidh2E8vOsA\/CKRfyliqDKSGYWMrouMrj0d5LOUjwulukoCUJUwehOA9yP7yjEN4KxS4G\/CrlGlQbZcffgwW2H0DCt8XgGgE8BSALtNQpjvaA82rVC5zQqWX1nLXo8iVryDvc2VMDoYQFdK+bTK6rnWzjtrxRnkShgdYtcwzuCwt\/J+M91jSY6OHQZ8rPUkHAdgv3GIxY72wHiowfRkuteS96sA3FUK\/CdHv5tZPnNIrYkEsC+A58GEVZ8LYH8Au8N07MYUz95kdMAWmPYt91sj9ioAdyaeqsSYsfe5UJqnJntx+HkqYdRh5d2LYCpMDwXwdLv2rVx3trLvIZgO7FcA+IttVJs2HrNa60QeLbHnLgtZJAE8AeC62fZuVsLoOfYMtVI\/LDiCNdvCcJdBysKOR\/25D9M\/6EgAB8DksOwD4Gkw4Y32cYTRgzCJmvdbb9MtMOGZW9NC3H6HN9dyORwyUW7blfHbvXUUTDLyoTCzAg8EsNjusYmE+QMwob777V57AGaE0h0Abk8rrlH7e87ss\/HOnP27fe1ZO8Aqiv3smuwOYG+rOPa1npHxCFRoPw9Y79R9dr3+AROSur0U+NEY3+1Z749ewPJuXI9cJYy6rMzb367xM62BubclvLsBCMa59AP23TwI08biHph80bus7Pv7OOfCyb95RkoWEkSrGgPuCPO8NUOr9g7Z8Qs0jgDyABRh3LA5+9+jEQJoAKiOQdoSyzhRltNZb8piT2SgVCjLvTsPleBTvKajlF5g91UwwTU0TBWpsvurMY4C5XnigdnuzGGkWfBYhKwA4\/Fja9yMlw5Sg\/GaNk9YefzQhg0bmhMQjfQ6YReTfzuUd3ad8nbdpX0H44XCBu36DVnyyuPoMp6tfZnlZBIr0\/UckjMODnNeIYpKGHkrVqzITZO804oVK3JWmLvxNg7bWe92b4idvI6X2mMLQbCKShjJShh51qDZ6XOTWmvPrrdTQDuQdztbST7GmjssEFbu4DBT+2u8JHfsghaxQ2v21WSS3LGL7bHJnLuJ1sOdw9bpU3L70sHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcHBwcFhzoPcEsy\/d8ap\/yMAZrcmDg4ODvMGPIbuJcCJckewHBwcHDJWPr0gdHUTlj5KeGxPxsZ+pj4w5pkSYgZhDQhdIKAbWPooYT2ArgHzHBvB6AM75erg4AjW3LcG2DxVKwXWXLE2mCHC\/s5vCqJlrNEkYiWEWNxsqg8vev3ma7ncLamnX7lt3Zq1BsBE4ERJUh+0W5mZWfNx\/00vBADM1XfBvRDoAqEbeqLnGEsWc68lYlP\/XYd5hHt+cIC\/R1v7pUQogkmBIAjcVMD\/W9SzaRMzBFG2+5t7IbDGybes4S0QlshZUsbxyBQzaEYFYX83ETa+oK1NLo8bDKUZhd1yiB\/F0wEY69ihJV6HtICz75hn\/H3vSmveO6JU+HuHdQwuFs8mpv2IaW8GP6gF3Rs+6d9IZ28YSshY1kpoqnsG61dKWj0Qp\/98W\/ngpRCFQwVoMTTvAcaeRKgy4X4o0hD6ocHIu\/Ppb765aj10Dgt1jwNEAB+4+x5isFZ7eeB7FCuGFEAjZqhmY0ki54H+bM9aHzT6nHxzBGsCYrOt3NkpQF\/XzCRAGsQsPOFxrP+9vWfT9eUyZE8P1M5uxMGLulZJyZ\/UIAaDBbFQjDC6UH4AuOXuGRb2tWZD63qTNQBVqOscC47dVp5YqE11bw1e0rXaA79XxbRnPoc7oga+SLRx81Sv5zCp9Qb1QVcuXH5ULsfvqTJOIcZiQcj7eYF6U4MY9UVLoidqly7\/MSv9TaJN9w0ritkmVmsSQj4Qb7vg0D2EEM+HRy8Di9VEvI9WaGPiXE6SyHsEpRlRgxmCmYBoUTGuhhd3bhREVzfquHJboePW\/Xv+VHN7beGCiKq1hm5TmjURBDOaLISejnybyAkwnvG49cJlz8v78gMq1nvnPbq\/0cAXiDbe5PZcayHm5+Y0G0BVcw+B+bkdRbnaL4gTclK8pLhIrtKg1wJA98bpbxQGCJvs5pV4e3FxbnXeoxfnPDqhWMqtBmjP+x+vPci9vWImWT8Dgsx7EwCbn8rl0o1FjnndSm8qb8Z6UXiw3PliCfqtn5evzefpBbmifBsJ\/s2W8qHPIIC5t1e4FW4R+SVwby9osNzV5+f5D22+OEtKWgrA0xo81NBaMccACnmP9vYL4sNSit9vWdu1mvqgmWfvXST7hfqgw\/LRT6uWuz6VK+TWtwe5X7QXvPcVcrRcCrFEChQIEE3FulpXcdTUiggkCEIIavOkWOoX5KpiUfznosXi+t0w+D4AQK871wvYshiW4zQiyyeN3hH5NmlClOzXSrnzmFxO\/NrPizNynnhRriDfQBK\/23rJskMI4Nk8U45gzSHLd8lZN1VAOA8CulZXzYZi1dgaazCfxl87uLBT1m0viPqhnrioaz+teXUjVNyIdbOhdNysaibgkkPff1cdXZsIjvHPKaUNGI8IrR6IicC3ljvzk\/rlVSuFtQbfVfSFCCPdaMSsB7epRrDY29dT3skAYN+5w06e3\/4yBJe75Ye6ur4fBPKTSsMbHFIxMyNok8KTRAAQtHmenxeoN7QKq3EsJe3ne\/jJUHn5SqI+neRlzej9lyGpD\/qOrx1cCC9e9iGgenNbUfxHzhNdYU2psKbiqKHjZsxaaTAByEsSBU94BU9IKQiaAaXAjZhVraGag1VVhwS00oNmn3W7feYwJvpG5Jvmrx1cmIp8k0T\/VGyXSwarcbPRZB4cVI22QO4mtHwVAKC\/z+27FmH+5mD1dwugX0HRVU3F\/wIAxBCxAoSgZ9aenj8awO+nHb7rMnHwosRxhTa5z9CQUmDypCSqN1RV5uliAEBPv0sMnENIrLlG\/7Ln1ZmObwu8Fw1Vm18HcPVERQAMENYPaHMNWgpAE1gAJEiwgIZiErsDALr7HaFuwavq6YEaLG\/+16Ao3hqGSjGD\/Jzwmoqf3DoUf80j+gtA9epQvI8g8Z6ONnl0GGldq+u4rSBKQ5H+LpdXHE09G7bOOLnqgXrsB8sPb2vX\/9PWJl9arzPCmlYAAwzOe8LL5wlxzIgVI9bcbMa4H8RNMDQTLfYE7Q2A8h5JISCbijEUqi15SQNWyLld4jAmnuxffqRU\/OIgEC+oVuPLAZy7wxyqO0KyenI3EBQZDzKBWIChCGg38s05DBzB2miU3Fbd\/NOimnd70ZeHRQ2tNIPaCkIMRfoVAH4\/7YTBbkOcNOGVgq1jhMCFPFFUw7q212y8P63QHWbfI0IErpa73i2IP9pkWpqT5ItFHjCoLwQwYREAAXzD3is8YIPWGn+DRy\/WDE0EDQYgID3Sf7fknpzy2+l3pZ+8ZNkBpPmTUQMMDfgFEo0m\/53j5qmlM++4Of079\/zgWT\/bi+NL2vLihKGGwlBDq2JRHBJGtTcC+Cavg0erkXkuIvdCUA\/UExccfmyxgPOLvnxmWFUxQJIB8iSJoi8xFKnHGjX9JzCuJNZ\/ZOHfHxRq0aMNyXvWPYaf85Cr+1XFz6rW+SgiXlksiBcIgdsLt266jRkEuKouh9S+64OuXtT1Wsrhf7TWJS8n2kWHB6rqW0fE2AT66NCAjTFJdwIkmaGG\/70gSawetbzeebB2dYJFfdDWI\/F4tb\/rD9LDYdyA4USCBGt+yYM\/X\/FpvLK\/Np3qCCIwlzt3q2o+OaprAkMwmAkEJiozg9DfLVxbhLnjurKeqBf7gbdfuE2xVlwvDMaS9eSKAFa8a0OMs4Gmp\/9raFt8fEdRdtabjEJOiMFK\/EtVyF1mFJ\/zWu4U1q+UwEAstXxXW1EsqtZiBWFSvknQB4Mz77iZy515bFyq0bUnAxsl9dxU+cd5h75zMXm3SCHaldKxFGAQXg7gm1gPnXUVVKLkHlvbdXRR4vK8R6WwqmIi8kBQQUHIaqS3DQ7FXwJwyaKeTZt2cMmtAH5jP5\/ZesHhx+Yk5agPmjH7CfwOcwhrAPQBEDiyuMjbJ6w0uam5URiMBQONSV1j9YDRVVJ8IdzaPKGjTT6n3mQU8sIb3Nq8WhOVe3sh0O32nfNgGS8TM0BV6P4owlkESAZ4qKbYy1NXqRl1EeHP63rhAZO3bpkhiaBqAiflhCg1mswgsJ8TYiiK76e8utr0D3GhojkHjQgNZhAUwAJG+U3KIkt6whBtvnfbBStW1qhxsoq5BOL7O\/Za+vPRJfgO0\/VeDcQ3nLMiJ7m2ipgYgPZzQtbqfGPH5o0\/N16iTWmloczv3XHP4NrOdW1tdMpQBGYFYsYBW37wrBKddVOF12RneffavkFPdnXu3ybowpxHpWqklRDkAdDFnJBDkfqN9ugDi167aTMAcLlb9qMfGzeC16wZh\/itGe59xUS3\/TFtQLrd4vCU8wM0rHyLwVOUb8OtGG5+9MnyQasbzbZT6k1eCs33dVSKv6CzNzQBUJ9rF+IIllWIpm9OLXdN1VcP5iTt01RMzBwX23Jt4WDzhQzcgK7JbxgiAFYYKoWeYoHQiLUGgFxOIor1dYtefftDzL2CqM8JwbnnySIrcKZVfEAE5l4IesOGxwH86KnkwAmfnUF\/PwQAdcii6jOY5EGNJhMAeJ6AjNXvqA\/jJa0TM1C9GDcISacAxE3NIGCx3zG0G4AK1iCzgpM1dm9suxjfLBTo4LCqlRCQAFS7L2Q4pH+4RWx7z\/6vfaC2rhfeqjXQRCPe7b6+iXSm\/Y9ytwQA5xV32KF84+kZEyNG5N1bAVzg5JsjWJOwiG+uhv2dl+UL4j2NIVYgEqquQUyvJuDLmEIvrIsvNgmsW8tHHCahX1BvMEwuIEQUaQgS55swUd+4lu4amyCPjeCkW25yr8Zi7SY7+mNGCFrSXTrJGuo2\/zPlbtE7ex0TVrXK065N0nWfE4HRD4FuMGhy40OSe1q\/EVTuSvr4j5ZJLMplyDtrD8pyeeSa490\/9YHX9a70Vu0djlxryQZNNL2eats9t3W\/D3dQTm6xv5vWbOznvmnsieT66aywnh7o0WRjuMt4al9utye7+zPvIN6NbgD9gMTuAO8eJ08rAGZ+bJjNjENItBjhXoIAENW1Rj3T82OT2rdd3PnOwJenhJFSJEhqhu5oE3Io0hd0nLHxrGSNqQ8x+qah\/KZJrJJ0BVt8wen9tWYNaE2X3WfT7BA\/en91d4PHKhxihkA\/aI312GWxv57yrGn5Yb2B\/QC6e6B3JD+S+93Rc+3Ao0T95e0NgulcZ0fybcMGiHJ52HB8ytYplyFT\/2Zi+UaWzG+5W0xWvo1+zvGube7X6LcxZUyL9d543ze878d4F2k91m11UVa6eN4TrPVrTD4HA+uZ6T12N1Aj1mDw86PyYYf5PbffbvtH7XARl25MNqg6rtju7T44GCsiEp4Emko\/FNS9gaTz7VNe2qqVglYPxH3pBOi+7a0H83vm73ndSg+rBlTWSq1Vm2e61xnuck0DMZA6xE9dGyR\/z70QjB2Pbxj994Nr0RzFrqCZaqbh7F2TVWC8uq814UBet9J7ynM\/9Zm33xOrB9RUiifsddSOlNJ2CrxvnD05G+OWGARmgGkPHt\/zyMaDxMfoWIMI8DwCmvqxNjz7YeBO43nua\/Gt9UKgBzosdz6NGR+JNTOYoJl1sSBEdUjdGjWC98xGTub256p\/vP3FfduRxam\/3x3uLxM+RVqR9Y23v3aiKTOXTerGRM+aXhvuN8R4gufaablIAGMnmllPQeYqAAjXjpFvpdHoOQNqonf0lLNk9oBq5XPyupWeSaPoz1zGGNK2UlLf+N\/Xl9o3aTI4k+H3eU+wVq0Z0OgDAj\/3h2otvq+Qo\/3rTdaxAvyCzNUb9HIAt2MdBFbveGFX95lcLdLUo2NmIiKAVaHN81Q1\/jG9+ebq6A7Sw0Sgb0BXLjhiCeX48Bz0QUqLZzHxHgLYnwlNMO4VxE9IKf9PC\/1XWj1w\/84KnR1ZVwTwULlz\/3rMu3uCmxBMzZiJivX7lrzm3spUNvTWtV0HseIOz\/NiiPqkrjPidh6Iy2XIV+iu5SxwuGBergUtJcbTwLyEie4m8FYIeaPW6nqyCcITdusmoHJx58FaU3sujjU8YgjsodmqaQ1ixRCCDxm8cFkXeZRjKHOwNTFBStb0cMeZtz6Sdo9zed9iqHd7JkSdoImhPZHzmvXCQcHddJTJU8AkrGMi06vm8q8dXFi5V+FI4YkupdWzGbSYmJ8Jovu15sdygu5g0F8bTbqNVg9smeqe2PLTA0pcK+yfKwiNGhO8Agfiyb9RzwO1ckopbbnosAM9L3+01uooj2g\/Zt6Hme6Rgu9RWl4XiPbrqMcUhYwigC10Ydm8RYUnhKTHPUlPb2iGjgHNfCThqcEP7jUkNVzb9Swp6ISozqw1Sw1AgG6lnn6VIrKtRVc3Efr1Nk2v7VgkDwoHY5vUThwrcMz0oT3edP02LmBGiekI2RiIt\/zggJJfDJ6jBZYpjU4AuwnipzPEfUT8uGC+mYXY2LbH7jfS6v54svtreKrBhcv3IsFPYygFwYRY6OD2zZupD7psvXvoA7Zd1LWs4PExTaYjAT4AwO5K4285D3c1tRhY3HPrH4lMCHgqSm64W34P1Lreld4xy548CjI+hlkerlnvK4AOJrpTAA9rYCNifSvR5o0A1BidyQkA8w0rcvW7w4Oaca4AEevRzzUZxgEG+JwVbeHi6kEQbGTFVK+zg+8Ylm+yyXlI1dTYl\/XwHYA1AMK+9f5lXQ0oCZPT2Dr5ljxn+fnFkLYeBNYCmjhuIt8oiDv26tkUJoSJVg\/E28oHLxXIryCi52vG3mA+jICHNIn7WfE1NaY\/U0\/\/IzuU7ROg3D2y98NLD3861cXRyNFztcKBRHyQZnoAwD88KW6IY30j9WzcPCxH+gbitD5sQkohuFo6fdNdWbg55j3BIrLVhK\/sf3Bbf+cfcjm5f70ZMxE455Gs1\/kEAF\/FemgigCexiI+XD9mHwC9sNLVRNAKi3tANxeLykYBGalYdwJW1XUcLgTfnhH4RER1Z8D1zvNk0FASA4eiGRxiq4t6w3HXpk\/C+THTTgzs71mcsbDhnhYezNzQ16LPt7aK7UddDAEk\/B6HqubcDWJuEP3ZIkL6zwvNKte\/mC+K4RjOuA57Y0XWS333swsP2Lgjvjb6HlzViPjZo99qgGWBAa4DBkIJeBACQhGqVtg2u7fqNEPwF6tl0PXdDUv9T75Ev7pYhNv3A93BUTF4TBGJmP6oDBEgQIaoqAPRZktQHsADLZOPovEf5SOnPAPgU1qyU3DugqQ+6GnccTjJeTySlJtJenr1Yy78P3V07CcB93AuaaG5covz+cd6R7Yt9\/U85D6+KmvzCtjYixBJgk7UtiEzOnyTUI4088U3hxV3l5pD3LaKbKjt8N\/bvvXpwkszh+0pBizwTc6waWLSSe3Ez9UDdf\/4R+y4pqA8JotcV22hfaAnWsKVqeBFJgo4ZdTX4x6FLlv0v0ebztyfHreb9wKKodl\/Y3v5AzhNPbzSBeqwBwvFPXrLsgCWv23zfcJirDEk9A\/Fj3zusgwV\/K58ThVqDlZRE9UgDGt81ruyBTKxS6ulXvaYD9jviumYQCc2sgzYpqjX109IZm65MWjfMjLMPhF5DNh4vH7JPEfmzpcArc554tsgRoBjMgLaVOiACJCGsKl1\/4olrwouXn\/\/nTbufRzQQr1u30ls9UeFGEh3w9NkFKT7WULJOYI89VLHqgP15zb11Iqgtaw9\/bk7QhwB+eb7dK+Vjcw9s9tcqSIDqjKFLuq5SrD9P3ZuvnuzeSrr9A+DqJV2vk3jivQys8os5IGZoSDAzpKBVsGcpHMRgtdx5DTT9AKdv\/EnqGkjO7pa7a0\/PQ\/7Uy\/OBSssmETz2uPrQihUHAhuGdjQyhi82pGJoSW05sbiSCDkm0kSQU7nOmFGZjaadTCLfCh6OUjrXbJgMrHwtUiCQBIBapMCEsxssziIm4hHF2BL5NvyctPVIYroSkB4IzfYOEeQa+l3M+CFRv7q1tzN\/UBfeK6V4ez4vOkEMKKMCBQFkWjj\/W7GJ28JLus496+KNX6a+MQnwjg2LHqitPzp8d1GQ\/yaYXlfsoINBACuz74flqkeoVVEJ+7sujoT4NL1u4AHuhRgi+kx7u+hp1HVYFCjGChv44u6VWRhIC6Qlfr9RBoxf1BsaYBIAUb2uIYmOjS5Zfjj1QV98MeTELk5DOIvIvcbPy\/ZYgUFQxYIUjUjf0pFv\/sVWE6mkYzhfeWR7WF7+Ld+jazva5Htzko6MlW6G1bgZRkqFda2H6pqHGlqHNRWHNdUcHIxjT9AB7YH8f3uQWrf1wmXP6+mBanVH6hUjT+bn8iLHjA4iBJ6kNs3ITUPdtOVyVGDs+DqJUNt2Uee72j3v5qAoPp\/zxAkM8qtV1QhrSoWRWZuowTqMlAprqhlW46YUWBS0y9NIiGu3Xrz8bdQ\/vDZj5B9wUUgqsEAbA+1E5KVPqzYnuABCB4PaQMkHbTmP8gQ8pcs7eZ5goEMQtRPQkZNUZEbgC6YdKYNEAIRru05cXFR\/Kvr0RS9nyGM4qOphTcVhXatag3U1snuiqhpNxbqQo2e1t8n\/KgTxX7ddtOxUsnuCd5TQKsnzPGoTQEBE7Z5HixokDrXz\/V66R5H\/0N7uvZ+I9g1DVQ9rqlmtq2atoZrVuorDoVgNNbQq5MSxBU+et+2iZefy5aY7NLd4fDoRmNet9OiseyMi+pPNKiGloQNftOWUOIsIjPUrpbGMoSoXHLEkKMnvtPvyuGpdaa2Z29qkUJq\/1X7Gxj9nNZMwWfcPdx3xHBCeZRPyiYigNGuh6QfMNrdkpkKCNsSx9eJlb\/ORv76tXf5HPieePVQ3+6gaqbgaaV1rsA7rWoWRaoZV1SBAFAq0qlig7x975OPXPHr+4c9dvXognozMIWY\/l6cCMzqkpDYGlWqPte9JBN52Qdc78kJc096eez1ApXBQ1cPI7K+hhmqGdaXCIaVixbpYkC\/1hLxy60XL1thcGTEZMsnrDvC3XtT5v3lJlxQKtCrWrMOqaoR1pYbq9lkjbeTHoKoToaNtce5kLfBx9HePOcrMF0zMCOzZ7vAEtTGjY+8pvpNIKY\/JyArQ9K8zwSoUpaQCE9oICAjIp50E1lmfJyBgykK+9dsopKwxE+U80c6EjlxeeAw6kAj82AXLDz\/4SFpfLMovkUBnOKTqYVU1w0TGRCoOa1pVayomwuHtvvzvH5\/RdWXlgiOW2Py5yeg9YjaGzNaLuk4ptHs3BIH895zEwVUjQ61M02qoruKwpuJwUNU1o9TeLs8OmP+w5aJlJ5jxWnxgzqMcMzr8gvAJeCwr7\/OCIFjUA0UEbiL6VTPmJ3IeERjUaGpVDOTuzVivAIClG1fSBKeZsB6auyEV4xRPEkCsYV++FPQrevXtg2tWrRTbJa2rIQnmF+ULVKgOxUNKA+1FmfNzIucJIQkQILAkCD8vvKAoc4JINGLW4WAc+3k6RHril9t+0rXMvPwsSs1J23aZSjO00mAImoZngtSkr5PMURO8vLjI271aU7VqpBH4QhTzIp+TQgoya0MEUfCEDIoyJ4lyTcW6WoubgpAvFvDtwXLnmba6jMZQOn4uL8j3hGzLC5KCnuIuyXuEtoJAW15Q8vE9IZEXhPGJplIazGx+AqR2qPzY7MVques9Xp5+XsiJ5WGk1WBVxQAQtIlCMS88T5CUAkJKiGJBeIEv8gBQjZQKq0rlc3RgoSB\/tu3izv+YkDjYWZsSdG8j1ooBVhqaiFiwjobWdh3fXkR\/TtJ+YajqREDQLgqBL3OBL3NBUeY8ITzrhZVhpFS1rnVHKXdWOJj\/BhEYPKLYW4akY36DfxxFGmTt20YMFgIfiC559iG0eiCmnn61bW3X8TKnf+cX5BlhTWsCVEeH54XV5o1NKn4s0zE561dKQ9LVq9sKQmiGBli35YWIIn2XEvU\/EYHXbMy+Xcuwx6fcmRsqd315UZv3\/ZykvcNqrKqRanqSvMAX+bwnPCkhpIDwBMn2gsy1F0SewXFYM4SkkBPHljrk7wYv7ny9lTljr2HXnkljyppWYAJUrMAAZBOyuG1t13uK7eK7RNQehqru5wlBuyi0F8zeCooyRyDJbIqEwlocK8ViUYfXu+WiZR8iGv+7h89TH3T4SPtXFi3x\/ilqah3WTIi\/vSDyZuTQyLO25WUuaBMFZo4R65jAZerpV+PP1iN7tjH8c8ohIEmcXId34joTvPcR+VYQyMnt2SIDyMkM5VsiYzzeAuBxMBhMMQAGc6X2k65nBgW+spAXx4ZDut6MGUGbKARFK2PaZK6QE15C7aKG1mFVxfmCPEF66hdPllcsBrYr+Bk7LFg2Ie2tFy57W7FIP\/MkDgyrcRw1WTFA7Vam+TkhCznh+XnhBW2i4ElCGKoo59F+BU9c8uQFR75AMyIkz6zBzGIwC2NyQYQItxdAd28N13b+Ol8Ub2wq1kQExMwk6BUALli1ZkCNlwTL\/RDUBzVYPuyInKBjo7rxXkoBMRSpJgE\/BQCsMs3aCGBev9KjVwxsG7y46xKS1NVWkG21hv57s8p\/JEnXaKg7lYjvGdrKg0FH\/jDV0M8lotP9vDiu3mTWTDKMVNzRLvcYDNXX+QcHnII19zaYW53\/wunWBWY8wrR4GlMyXGFH11mPlQIY0BDorw+pfw7aveJQTW2r1tT1GrhGSrrRA91bbzYe4py3b6OBIxsxnygFvdbPkR81mZox6zxRjpi+\/eQly64Tp22+d3RoQQjc0qwrXY\/ZjrnB\/oLEEs2GG3iCqN7ke5sxP85APgkSawa3SxaCcP+wMtm4Xf4DEaWeeEeHzyY4D5a73t\/WJr5aHdLcBGs2kwVkUzEGh9RvJXC5JtzEWsaQ4GZdP08wv7bo07GNJiHWzEN1ZinAHW3ep7Zd1Nkg2vT5icKFukkhe4Cw99qMOdYKq4XEq4loca2hdVAUhVpdPzRU47+y4r9BwtOaDpOCjwra5OLBqmZBJImgh0LVDNrkOwbLy9cT3XqBGW7d17L9mBgSRJuuD9d2XtweyNMHq5obMXNHUSwOo+b\/VC7qeq8n+EwQf7SYl8XBIdUkIhm0eblaLb4hhurZrWfD1kxLy1et0sAAAFohJJmMFwZEjkANurmj567HZqwoYI1pUxFezF8PFufeVR1sxppJAkTtBZGrxxxWI\/4VNF\/OjPvYE0oo7qjG6ngp6VWBL5eHNdPXYrCmdD4nFudzuDBcu2wr0ebLx\/YCGu9FzHRvUzExID1BpDQPEvRpUuA\/mkorEMmgSIVagzfpBt9GWt+tBe2Rk3QoA8\/vKAoxWNNaEHnM0LW61oW8\/K+h\/q4\/gDb+cey93UtEfXrr2uWv8H38U3VQKSsVRVtB0FCk1oPoB5rEPWBiQdwRNfXzuMHHEWFVvc45IvFb8xjjzg5NpNnkzvgE8pWIyO7FnbjOGB6QlHxjEEvgaZ7A0yzRhSdBseKH64oftvkP2cg3pQUgJBGIiIVuMhHR0SpGT7sv9h8cUnFHuyxUh9SW6hDfBKFugSImQc9k4DmBL\/YOI832u7wwVHGwyDt+cFutD4QPotuOvhtrdW0IfvDiZW\/M5+T3m02G1qwZJCVAbb5E1ODNWus\/QIs\/QxDH0EXZ5GME8UuCotxzsKrijjZZijn+FgFaaTsiyD5PVsd2wRCs9WtWSsaAGgT9DKA3WnovooYmgE\/e9v2DlxLd9dhEApkBGoJ3gt8mFw2GsSImyucF1+rqj8Hpm25MQhwjAnhAMUBVoS8bCvl0BfkVCe9XwRk3PTjG5R8D8Hsud38zbGz6ZMGjT0ZNZkEkh2qq6Rfli7dx8JLFffjlOqz0gPnd1DIhszWmv1JT\/0lr\/msT4gel02\/ZMMY\/fxzAjQDOC8udJwlBPyrkaI9GzKjHWgVtskPX+IMMfMC2O1BJfgyvW3nWw\/dvkU8DAL9NVzk8t+jTGWHEisDab\/dy4WDzY21Ll5ZRq7UhVsPrujGqia6DivXha03TG2IEQL8avOiIEzypvzg0pJltw4i2PImG0n+LY\/7QojM2\/2yMX7+2XO7+ysnNW99JJL9QyFFQbzJrDdTqWhV90Vdb23U99WxcVy53y54xlDlBS06FDJghSNL7pCBZb2oIYl2N+FMx+IJSz6a70r+7Ze3hz5V1+ve2PPVETdYAhNZAM2Ym8H\/wz1f8lF7VN9RyItMPwQw9uJb66nV9YsGjxQ3FXI00S8JJkPh9uy+fVqtrDDV0vS0vCyAgDNUPm6L4gd16NmwdSeAfnafRLXHQ3QKpnWabKE7tnVKf3vKDZ5WI4n1N5SIRA6RjDc34K4AJxy+10HgURNCDh3e+N2iX7xoajGMGSUHQ7b6QUUP\/sRHj\/aUzNv55jF+\/nL932OeGFstP+Hnx4XrTmG+NhlaFgpAQdO6TP172PLxx833c2yuo76m9\/STRcFq11gwG2gX4oyAqSBAU86ODkf5kjOLa3UbNhRxcu+wl9Sb1tfviuKFIa0EQsWIV+CJfi\/RHCXglj9E5PBniXRX8UZNaafJZ231BQw39pT\/vufQjY+SP\/Tr5TtXUR7TtufRGe7bnVb\/CVdZzuJ182y+mO2v15j7Vwkd9X\/aGQ7ECAN\/3vKGaOufh9vpnlzRkfg8RqFbLtzGCPTKqazD4NI9Erhpp7eeEF1bV94jpG8EZt96U\/veV8zoPrkK9N++J9zdjZmYwCYjakFK5nHhXpX\/Zj5Z09\/+1t3el1zeqertsDZhtlyw\/PE\/4JjNYM2uARN4DxQo6jPSn45z3lSWn3VoZfa\/bLupaNlTTH27zxVurkdaS6AgCENU1ksywLLFgCNaqNQOa+sBDBVw\/VNP3F3K0X73JWmmQJ8Xi5iJ\/NYAyxqkASyyokPm0uMEgEDEzyxwJrouLGCCUt09mHQ4Vdm++8aFzVqzY5+wNQ4AttX9sgId7PQFI+nKInn7FQO\/g2q4DOtrFWwaHtCaQyElQ3eMeAL+cyNM2b8K2dm326tkU8s9XvJReZdamXIbsRjewsZ\/XmHVhwDSg7D5ohaCjNlyxZW3XxxcX6buNmDWBoBWDGKcMXrb8s3TqrY\/09kIk\/aJo9UCU\/t6w3BUnxhgnrkZFEa0eiJl7w1Y3h+Wkw\/feKxaDov\/JS+ENKaVARH5OiHqs74ojdcriN91++7p18FY9Bk7c7sayRNIf6Nu1S464Syl1mSdFUWsWsWJd8KjQJP4Krzvg+VjdP3a\/J49G97kRzGAQa9aoIkZPcOatVwDAul54q7q6OWE51HPbXwCcHvZ36vaiPGNwyCjBeoPZz9FhtWb0KgBrgdY28aQeqFt7O\/PL+zZu3ra269\/aCvguYmNZKwbnJT1tMFLKEySDNlmoDak7Iaiv44yNF6St2rGvPbUS9Ak9CO3RXprlnrGiJExHjSYA4juM2TSQaXjQKkWOLupapvPUW29qrQEBBrf7Qg7VeV2zIV5XesMtW7gXHtZAY832nmR6x8AggH8P+7u2+nn6r3qDFRPJel2rjkDuBejPAHgj1vTtsM0FAxAEyUztOUloxvpvCnhVMhbIyL49GUsfJawa0ESbf3vPT591w56N5m+LvlxRi7QWRLIWaWjg5dFFRx5KdPMd21W5JXNFj1yxF6vomKQZbdEXotbQN7a31z++erVJ0l+VLm5I+iydsfm3AH476rbnpxxN5Js9feHFXY3tfE0EsEbj0FfcVQehPlNPavYB5TRzXMgJr97kj3WcvumzxsCBtB2msH7po1RaPXAXgA+E5c4ni3nZV6trDUAoxXHQIYvNbfpVAP66Zs2AHt2Qt9uSY9L8xXxRLBqsaiUESRLEBB5i8Ds7ejZdOLz3Vg3ofjtLsXvpSqLVA5sBnBWWO\/9eyIs19aZWmkkQZmbe4oIhWMPVhK\/pvz8sd96Qy3n71ZuxZoALeSkaVfUKAOWxBvUmBzq65NDDY4Vjmqb7IRdyQoaD8WOa6SoCmDeOvX0JYJy9YWhd70pvFQb0diNVRjYM9wFYt26lt379gBaSvlFv6NOkoDbNjHrEII0T+fKTCkRX1KdTfTInQ7cA0as2DCXNCo1SHFn\/1IFSwAZbXLfxe4Nru\/7ZL9CzowbrWkPrgi8OVE06AsAja1atFH19RrAOx+7XgLAGXC2PcXAkm0TxDb+UJnK4\/cvbqXXeZAYXV8u1N7e1eZ3hUKzAJIgISnGdFN66+E23387lzjyt3tQYb41uOGdFrnjaht9uXbv8kx1F+mK1zloQxFCDdbsvn1V9tOPMADh3siEpImYphIhjfXbHmZuu4HOQw0NQ1Ic4vf58zoocnb2h2fRyH63V4xcVcvT0RswazOzlpYiq8csBrMV3VkhgQ+saBDIE0abG1vIRhwlSL4maYKKRV9JQrPJSyKbix8Ja\/DnkxQUdp976SEJox2x0ademWu56T1u7PDqsxkoSScVoBJ38Plq+qTHpc2WbBZPmPUhgj1jzcEipqbSWTPcaN0HGZ9Q2Txxciw8HRbHH4DbTly+XI1Qb6v6omnvTHm+9acvwsOunEKQBnTRWpO6Nn9lW7jy8o817UzgUKyFIVoc0Azhza\/\/yr5To1hsmUzCgNVgIsGauQ9LrF71u4yYud+bRvak5ulXGHV87uPCM19xU2XbRsg\/GHl8hBXybr4RiXsgI6lQAX0D\/diEiQyd049lEyGnTRYlljsAR7sQr7mqY8zTQGCukyeVuOZONnDP2XibyTADQ1YvH8ELxcCHMdtXtLZFvE+0DBRW0Ca9a018KTt\/4WTOJoB+jZTyz7ZPWs+lTg2s7X1z05cqooRVAMo40C8Ip3Iv\/fEpDUBs63rK2a7UgekU10poIggHdViAxWNX\/sfj1my4c6Sc52qM5MEL2lj76X+Fjjz+v3Zcvr0ZKwVZhZo0FUkX4FMJzZbOpAZOjAKWYiPgFg5ceuWdSdr19fNEks8Y6\/xrflzllU9\/yecEkcF3p9Rv\/xt2QmKg0H6DVfQPxWIeaGcS9EOUy5CoMYE0XaCjXvL0Z8+1tedM8QjNDA3sMhvc9c37bXE8ln0lF4VgeB4ZZG2YILkNiPQSvW+mRwO+8HJnaEYbO5YXUsT7UeA325LSnjAiMvpGO+U+VBGT+bjDg5N8Pf3ZypakfisudeWa8p9kwNYtM0O1tRM2Yf9B2xsbruLtbjpqt95Q1+sVDGxSXu+VQQ3y72tAb2gpCMKAIrAWBAf2mG85ZkcPGft5RMiYTVNGXIqrzFR2nb7qIGYLORnOsvUlnb2jyupXektfc9PdY45J8TpAViWCTMtH54Dkr2ujsDc1WJLsnZ4EIOix3vd0j\/cf2onc6TFWZbVIETt58TsKLG7yu49RbH7njawcXqG\/sbuTMIPT063W9Kz0NfhcC+dagTb69uCT3VjBeieuKww7NKd2vEHq00jKZQCJz5T3syfnFIfuA8LpaVTMRCSbW+TwRM31pj7fe9CBzt6TV489apT7ofusN84BP1GrqwXxOCBAUg3VbUUCC3zNCLHdwX8S6rV2Ieqy\/2v66jX82xHZTY6z3csi\/3NXgXohFr998baOurysWpQCxBljJvADAxxmimgq1Wg8EQ5WkCctyIiyYUEje4Xj7kXr61UKZ5Tgs32yjXYgx9q\/Y\/t+0Ur5NoO+U7wtZjfRdKqc+y70Q2Ng\/powngk72FYHOlXlbPUNAUzOBaPlQ17OePvqdrt+4khignMB72oqCmFmDWAcFQbVI\/27Rbd1f5d6Jm3VTDxQ29jOtHogJ\/LFaXTcFzQy5WngEy7oTGbisXufQk2ZLRg2l\/DZxoFD8fGMUrhTbCeb1A5rLnXnW+kRThcYaINlsaoqBS4yvcmLhPPrvmEHreld6pgGiacXf0wNFqxFTD9TSV98+SIS\/I0cAgzWDPSEIRIdbIbNg3s1Ya8NlSD5nRS6pFCKCpmR9Vg\/EYL0R0qwNyKgCLfhA8y7mRk5FUgE1CHGsEHR4I2YCgySRqNd1VUj6PjMI3f07vFZfHzS6+\/H0N99cFUzfVczWMiUZNTQx0XMPWhIeTn3QKHeLCe6Jh1dd8Pdth\/GJleb6Ac0MkpKvrdVtjx0mUjGDgT2WLKntMewlbMV+6IOuljs\/3eaL73mSlgxW46YkEnmPSIOV55mS7KZiSEFLcjnxyyfWHr780PffVZ8gj4QI4Ocd8eg+xOhoPN6MwyFVw1DcZMZv6OwNzZkJCrQQ\/eY966Hcq\/08dRgvGnNbTsiwqv6OmNYaj96OqxhNj72Voq1n031K8c\/zniC2TjmtGFB83NafHL77jnJ1GNCSSNRruuoL9HMvxPql\/TQRQcAqI2+FFNdqZUaPgWAaBDLtxr0Q6BtQw8p1Y5KoLf4eK81kUrJFvaZBzC8KLz3iudSzqYH1kJMs8XfIAJ4kaI2fL37tbU+gq3viqRvWMNSMP4eD6omcFBJsjCpmFAjNZ6RlDDPE6r6BOLrosAOY+bhmw+ZMMYmmYtLAd6mvT6NrgHeUG0p9pltP0LPpRqX4Oj8nYPwZjmBNS5EHPZsehsDv8jmCHcIBTwjJrFYnbvOUtSSoD3pIyud6eTqmFikNsjlRMT+pUfylJVg7fCGGONiBrWTGrdDqgZjPWZHjcufTonJnZ1jufPbWtYc\/P1zbdSKYlirTUYsYgBAgVggW6oHkMmRilVMPFJ29oUkE3vqTw3evlTsPDsudz66s7Tp6cO0RLyHQM5SywQKYIUfEtPdwAGEOYP0aozgIeGkhL8CAJmLVViSKY\/5T22m3blizBjSZvZP42hgghr6sXtdDnkxCUhwHHd6iHOeeBWDixGoC5wTJWk09jmZ8KxG4HzsgeDYMJUTuhlijIWxNUdMo9KUMudR4N6a\/8qZHWLckAm9d2\/nptqL8+FCkdb3BqpATOSlRa8bq7YB4uScp8jxTNl5raN3ui73bc\/K8bRccuse4bQUsiYwZ+4sc7d9QLAF4yMkcCboZAHgHffCm9Dx6BnzM1qtDhJd4ecEEViBomROQRL\/pOPPWR9avWjn5HmBrDJEmST8bihQTIMGgqMEsPXomKercsReLuS0vqNHk2\/K13B3UB71q1Q7y3Wyemla4pd6whAmmMSSIl2w99IjF2xlhNlKwqDr4VwE87HmkwaCmYs7nRYm0viQsd55EqxEnYSUuQ2bassNh+8MMyKFIscjJq6wRyROLGKOfG3H9QRDuy3tGN2sG5zyiBuT+aRmTyNZGLtdZ9OXe9ZgVGJTzQPWm3hLnvCsmq5cBAL0gBkgKulZ41j\/uCNbUsa53pccMksClwhsOOIhGXQNEp9xwDnIJo01bS6zUy\/yiLCrNGmAu+BJE6J9sKbgNeyQznlC75IiDBsvL3h+Wuy6sLqn9tgoaiBnXMfAHIcQ17YvkFfkcvbA2pIe78pqQBKkFdx6TsJDtV\/bwhcv3Guzv7B68uOvbQ\/3Lr5CxWKeA3wP4gyRcGwR0VVub\/EStqkCguZ8nyHq58Gyk16b3M+GvROBX7r1CTrb6LnHpt3dveoSIbs55CWkDQWkQ+NkAhluFjCf8hNFWYUeHNwQA3TvKE7Lq1C+VHibmmGwylK2ELMSqUUDixp2+UCbTxqLzDUVffqxW17FmoJAjCcZj1Ui9Mjh987kdPbdeFdX4rZ6ElAIQRCIc0nEhL58jc96PudyZx3B\/xe0YFgBAMj2r2OZ5AMcEklGkNDSbir+J+uCNuzY8Rgk7kRBcyHJL9fZCUN9A\/I\/zjmxn0P4c24J6kGw0NBoaf2aAVk0lyd6GjaKo\/idm3pb0jGNmVWyXnsdinzSxm2i\/CCHq2G\/J5IZs2\/0nhPx7zGz2MxPFmsGgxYW2xuK094IA5t5eQWfdGzHwtUJRCCLERKB6k3VO0jMAunyw3Hnp4EXLTmA2ne2pD5rXrfTgkL0zgwDNrKHxCBE4XVgxJsGyxUy777vPEIFqZIPAI8ds+1YJq7rMvvZYHyZzBAJrEHTeEwDRtUtec1Ml3aF\/x8aF3VeEKF0D5QjWFPGYdRk2FK4bqsaP5qWQIHAzZgjCwV2Lu16QMNph9yF3Swa9phlpgEgAoFhpDWV7X9kcrYk8M9QH\/Y\/zjmwfLHeeWS13\/Zahb\/Zz8qvtgXx9sSBf5Ek6lIhKBCoSKBeGcbMes6bRopvnXSBjR+RKJCHSbf3LXli7pOvH7R7fIUHlIJBnF306MeeJIwTRXgAViVAIq3Ecmq6\/c5o0ru4z3kkCltre\/gRANBqMWItNALBiydQSw4fJvMaNUqbsRTNSaOkUPHhUa\/DUVvD+LXJMaiSpFcKIK+XO3ZjxJWamWLHwBCAEGvWGeueS12++2nh6ITtev\/Hiak1\/NJ8jImIFQFaHVNxWlCdWNb4vCLy+13hDh6\/eYyxZDTqB62bJCzkScZ3vRpE2PcVzvUMYwuYjFxIjtF49Y3FLEhp88M569XZk8QNAqa22F5j3jBUDDBIEasRa5SXdSBhVkTpJD\/\/ud70hZI1NOWmeyc7thGYclHi6JvE6CXeEU3p2IuU9tVMwmJXgpz5\/H5hBg3XvG0Ohury9XeaYEYNBUdNQ\/6AoX+vlxZVhufP66iVd737swsP2TgqMnDdrhohWU0\/NK3xHSMAk5FLimWLRBcVgkDANIgAw3zZtijTD+nXBbcKeHigud8vFZ2y8RzP+mC8IAKyZWRcKAjHxSYYirxTJIQwv2dxFjGc3Y5vjUJCiHvHmWInrAWDNBHPOEs\/MtouWvTDw1dVBm3eBnxcnAGiPGroZhrFiZhTyhGJBIO8RcpKQ90TOE7SghUCSzDx44fK9quXlP8yRvMbPizd4ghYpZlWtxs1Gg5HPEYp5gULOrk1OeDkp5rYlaq3t6h7VPRg21GtGg1NTs\/aEmG6Vme2AT\/dC0LAfyTq0l6QVZctRymWTEGtDgwJ4b1CUezWaWhERigUhhiL9vUWv33wZr1vp0dkbmuiB5t6VXun1mz43VOevtxWk6XVFkNWa1kVfvrFy0eH\/uboPcX8qT5EA3nbBoXsQ86p601R2eznB5OHPHafe+giXu+VUEp\/X2PdW5+gfDHo4J4WlA+B8jsDgwwAAS1dmI7BtmK4e0+4g7B5bn7swNZDNtkLh7wAwUeHNOA5Oor4+TaB7pBztRshY+fDkiXpfHzQIePqbb67WuXZmOKiuCDqkl\/NABFYM6LCmlNKQfl4c1VaU31pUyA0Mlbs+nBRDuPysGYBH2cgiuxNZczG1Q9mm723d\/l\/NXSzYDUgEzURXNsxsQkkEbT3iL+B1Kz1aPRBj7xUmX4r1yYUCsda2t5IAIOiq0htu2cLrVnp94wjmpKR524Wd78x54or2gnheOBTHQ3UVMwNBh5cDoBsxbwhr+qdDdf3lZoz31Rv67GaT3tpUfHk+R3hK64AFgF67NoP9y7o8n9e3BeItSrMOayqONeugKKUQlGsoviOs8W+qkT6n3tAfqSu7Nk3+dltRgIE5HTKVggsgFPRIajk0M5NWT+ykNtqOYCrDsPY0XdXnlQeTqKdf3VfetyiAV9qyBfYIohrpUMb608yg9IQE9A0o7oVYfPrGf6nW9AXt7dLTZo4rRU2t233vE9vWHv4OY0xBMpvcKsrnT8rnRSlWYGaSzYYmMP12OiMw1qwx4zs6Nu6zhYDHpJekc7ImQWDG0VyGNN3es4NiyjEjNypjRKMjCHdSgfGk\/mw2ZbgdobJbz91bA7HxlFpNfZwIDweB5+WkSXhmZhU1WYdhHAuBg4tt8vMH7Fe4amv5iMOIoMvdkHCYvxBj6F6aP7xlYcarbZWZBl9Vb3DsSfIUk6hFGiToyMo\/Hj0CwF+xZIO+4\/KDC7wVJ3lSEBArAfKGIs1a4RKGqTAc6yvKw0N9l72ikBffUgxvKNIxEVGbL+RQXW+LqvrrLPg3jwxWr3\/GWfdGo6+xrdx5QE6IV9TJdNBeMJ4rE+bSYbnzaWD83M+JgwYH4xggmfeERwTUG7qsGd9n5P66qOfGx0ZfY2t5+eOUF\/+EmtIz0XF32s9qwhvbl\/GDSEi07+yl0\/8tBQFM91Nfn55XPdJsf6Pd5eLlrLizVtcEAhXyAtW6Guh4023\/4Ddt\/zxJa4\/eXog4Fu+rVuM9O4rypeGQjpWGVBqqmPe+sXXtsoeoZ\/PlN5yzIse8gcMyn5nzBOoNrXKe8OoxP6nAPyOAeYrdvInAfM6KHPUNNLeVu24C8EI2c56pXtcQgp5Tp2cf5FPfnRONMdppAe0BY\/oIGltaTxw0zzkyYodCk+nYv\/Ezj51\/2KVtSr+Fmd7m58RenidkWDNFsFGTNRpKB23ihc1Y\/Xaw\/1kndXTftHFKw8ArzQWVorEgKNZTJaOevze\/MLxXDAClnk13gWh9Pm\/OjNIctwcykJ54PmB6ZOxdzXV6OXpOLVIMIjIeJd7Qsfm0PxIwbrO6nh6oyi+PWKKBr4HgNRUrzZDFgpBDDf17z1NHF7tv\/cSi0zZf84yz7o143UqPy92Sy5B3fO3gQrkMycz+gnzx\/d2CjTP3U+2Bd9BgVcfCluErpR+JY32q\/7qNpwfdG3+zqOfGx7jcLbnXrM8dl5u1EVq3zWkKYZM2BzU9AeYnc2Y4+HCOTlNhujk6bJXdnnZsIg3\/j0A47w6jrXhUTb1Pe0euTTE3AYAkQYD+YtydT10j6oNeswZcesMtW6KgcdpQpG8J2qRHDF1vslCMQsETF23tX\/a8o87e0By6ZPlzvRy9MDJdouEXCJJwYaln05Pcm+T9TxHv2qAAQMX0u3qDQebYiGas4\/Z2uVTp5kutRZfFIbLnNBcSMJjMMNcmvb9Q3RofMt7a7dAr1AvBhAOUHtlfAMAkhuxX01yU51zulkvfdPvt7d2bP9aeV4dopc8Ma\/qaQo6omCeyM1y9wapW7UW5L1Tj21x+fnFKPbHUkgVXZDSvjXWN5nbblwEmLjFAO0qsdwQryxdT7pamyoAvk3kBMGsQCd1kFuCXWBFCxHS03y47lGYFZvZ8AdLUT319erwp7NxrKlXkkHpbR9E7uNZgDWYqFgj1hr5bN\/zX+K+97Y5hUsUgWj0QU0+\/oh6oQ57cR\/X0QAnMUMUgUTqKzTlJINL7ApheZdUESGZHVX\/SdSQIb6gNKU0CAkn0TNNb2ns2\/dw0Fu2WyRw\/6jPrc0jRrA2D5raVYtwstGfPpqogbEWSz2JzdIRg0xR1ijk6w8pE4Fkqtj2DwAxJLID77DucP1a2bQorCLuZTpG2SzcBrKlmyer43osy5B6vuGtbFOPkZkPdEhSFJAHdVKykpEVCi0vqP+18Nmv9r35BBLFiLaUQUV3XGPQjBqh\/monoSQuAkoqubir9oCftGyYSzUhDa\/wLrzvAR3e\/5la\/E5sDFjWbjzPoiZygJGTGnhCSwYcxQFMh8MOh0ucdnANjmZlmZ9+HJEDr+6azZ2fsyPX0K2YI7oWgV98+WOjedFHH6RtXRjFe24z5jrYCCc1gISDDmlbtRfmCkMLXJfpggqNsu9ySrJUeX5oyc6ZgETm0VoFbm1LgXlNkY16QjjUIOGYi58cO978jWK2xAAlgzud\/NxSqJz1pyv2bTSYwVj\/+q4MXAWDNeLWumwowT5JXDdU25HClucR4U9iTvAt6CSQxmcakEETUZP3tRW\/Y8Dj3mjwv6ukfs8us+UbKzcgr55Trn8DCdG9aCgAb\/jHJSqD9tgpMYoMmtjzHemVbINvi2LhhigVBzab+RXDGxivZDOnV87njMgGM9SslmT30txE5a3J0wDiKeyGmkqPDJpmd+CeH7641nt+Mh+U\/GCAFuhEAsH6lmE\/nEAA0icL2QU+ABNqZJ7ZEqQeKeyF2f\/3G++sqfkOtrh\/18ySZmWp15mJB7Nto0k+ZqLtWVQCBigUSjSZf2HbarRtQhujZifAd90LQm+7aJojOK\/iCNLMmQNSbrNvbxGHVx9o\/QATG+hbn+qwxnqY9BoPHCPyIzA3TAO37BAKtIoCnRIZsL6BwKPdCKbC7KcwwM+Wq2+IhJXBvmhTPyXNH0EmbHRMFgFjUc+tPG8wn1xt8h58nYlNzyySJwerUMa8jTajaiEcThWXmHMdyb7v+k1rXWEthu807tBLDMo5uZBrODqR6DGiN5w9etnwv+94mWVM93NW+E0mzW0ewdsbagebeXtGxePEdinGj70uAWSvFEIKWFKqF5z72vcM6ALygEZsaePNvcMOfb95jI\/f2irGmsJt4fp8evPTIPQl4hmpqAkgIAVGtK+3B+52xZicodd47JDJjDfaDZ+3SLHBokIyUeMKIpGFvCAATwlrxkg16ok3a32\/mXEWh2JuB\/ZvxDjanXTMBOgJNNmM1mbXIEYTAb83adO+AD8LOUpgW85k5K2WVecck6ZpGQxNAEkQiijSI6Liw64guoI\/LE1jP27v\/ugUReCgWr28vyEJsMtvZk8IbCuNtpOM70987LzBMAOhhSLJOfhI61lDMz0taeEz4Svug1\/XC6+i5\/ZZaA69VGk8W88ZMqDW0zkk6kAAZM7jgCTkU6a3w8p8nmlobg4mIr+eJi6KaruTzprk6CKg3WXue+PjjF3QeQ6sRt7IHU9IBnc7e0NRMfzKN\/YmIABUDYKyslDt3W7PezhqcDLqMO1Q3cZrvC9PHiFgXCwLMvGkxtt1irKT+Ob+\/COCeHigQmMud+VLPprs0uM+cGJimGhpEEPskMyqZQQmXj2u5GgE1QbbhpQYXPCGYdSczaEcjg9bbXmF54v3b2qTHzDFmr6pt4eWN2dxnJbC5OqieyHnCA8BxzNzuywLq\/Hoi8ERTLbbTJ72gSrlzNzCfYKuMZ4T7LOQyVkbXJhOaY\/5l3GSASCiGLvoCpPjYwiL5LD8vOmINgEjETQYDP1\/dNxCjaxNN5P31VNTOQNFmHDMRIEDNuvAet43Xxvzd3l4IPLRB\/eO8I9tZoZObnB0pWG8XgnC3jmHaRoIobjC05iMeKXc+Dd3QE+VxdC9dSURghdwJQVGYjrqTONBM1Db87wgMQdCKHgNh4k7k6we0WU8+FjFPeY8SMDJtnk3hlwT2YoAysMyTfKmrmk0eNPwBoqm1am+XHaz1WUTg7kmMyklmed3zgwN8xXin6cZmmt76OWIm\/D44\/baNnITY5gvsmnuCHx0ajBuCKAcG1U1fuhf846JnHdhrZ1FOdJnVfYi53C13f+PG66Ka\/ifWGJSSQAA1YzNxQ0pokhSB+cOLT7vxTuYpJDdPQO5Qhii85pZbGoq\/U8iT1GAmQDSbTAIIAl\/0D649cjmtHojX9cLbmR5M24UarZLxcnRptaaZYDw2tYZW7W1ymQd6ralw3rFHk8uQazaCaz\/pemY+J17TaJgsyYTNkaBrqOeBWjLaa84I8R2EXglg9GwyczIj77eNJkdSpIsmiLHl7uH1WbPGxJoCb9njsNWh1nes8wUBDV5JBN5RWt2qTQPWeKU363jmPCLjrFLMC41k9YG5G3LRabfeRoTrCmaSgSbBmgGWRO+qXHDEEmzsZ96RAfudFR71QUPjfe1tcq9mDE0ztF4Lu0+ItcSUlJfVGqopCYLAGh4BgpYT8CovJxhg5QkSUV2HkLWL0p6Ycbe0kDrxsjCbPkUayPu6ubeZDzb2C3zl3isk9UEH+fgVhTY6YshMFc\/oPRgBLYg21JtMRBAEyKipVHu7fIbPOJEInLSrGEso0+qB+NHzD386wJ9sNJgNVZrE5tzeAyWgGFLyQSa0NjBh24vBC5fvJSS9sV6386cmT3UA4gdGgmrJDEPsTwCv2djfUsWRVDgFPZseZuYLikVJGqwESA4NKZaS31XtX34UEVTSSmBcvNLsiyV++4eDojyyGmlNIMmaRKyYADqPCIwe07h1vp3BhubNrHGXnxMMgo4V6zZf+O2i8em+Puj1a4yndMJr9fTrO752cKH0hk39tQZ\/qs034SAi01i6IIWs19U9bX7xxzsKPU4JPcb\/u6igPj1Y1be2F6TUDC0FqB6z8iTt73nq14OXHPGS1X2IqQ\/6hnNW5CZLtIZnc\/L27zYhh8X41usB3lAsDPfiEo0GA+BPDl64fC\/qG4gnIqiJ17ivD7oZU69fEHs2FWsAJIWgWk0NaaLvpkndnPFUEXasQBnAGpDwpMe2GV3q4cVTPIPrVhqPFvj2kRISomZTQwKrBi9cvhdRvyqXn3pmzVSKzjz1Q227aNnb2wp0Uq2uNWE22kGQmecI2pew427q8wnpohQF+k6joYmZJIHkUF1zsUjLcjn9eeozqSZJrvNofcI3rMjR2Rualf7lR\/k5+mDUZDWTVHRBE6zhasLTbrkbRNfmc8QgUDPSAPg4As5oNjUB4HyeQMRXdrzu7kdB4zdzTPZw0dNPEnirFMMzlXS7TxRDv4z6oLFqpUjmY3GvTegud8ujzt7QDMudT8t59N8cQ2g9ScIyHVgvWtPzrtfMT3q2kQ9AFDeZc4I+NnjZ8r3o7A3N4fvk4Z9EPVBbf3T47ovb5KVtBblfI2YWO\/K2JasmeOtw5JxJxA0NpenVyX0lCe5mbSB5Hbxhb4PU32wriKc1FatJr03SdJLpcUgbxmHrlWQ+qVyG7OuDThRZyzo9JwN5hfrqUE0N5j2j9LVm9vOy3SOcV73wOXtbkiWSStLh505mVx61obn1gmWvKBTok1FDa0EQWrPqaBdUa+jfBui8hBlE\/VDz7QzyupVeqWfTk5roN0IS2fndNBRpLnjyDYMXH\/HPq\/sQJ0ntVlhud26sv4UPff9d9erarlfmc3hHVB9uwqoByFpTa9+Xh4ZDta8PFwu0IPmcAEYviF59+6BkvC1q6LCQI6GZYzOTTbMQtK+EvnKwv+sz1UuP2Peoszc0094za4SJ1Gc4f2R4NidBP1LuDIbNA9gmrT1QOdKf0cxaWEJZj7VuL8r92OMf\/uO8I9uJTGPNp64dZDLCa2u58\/+15fCmas0QAtZQxaIQmumHi0679bYptTOYIe8Vr1vpJePH0s80LKvK3RIbjOxgr\/EKPy8KsWKTdCGIGfwwnb2hmTS7NV5V432SLH7TaJih6iavTqtiUR4AqT8N2KbVvdu\/MxPS3tTYuvawV+by8qtNPUPrlQxs13gkVVAjGg0GA6\/kH6z0KQv5Npuyox+KGbS459ZfRU19ddAuSDPHgiDCIa3zOXpn2N\/1P4+ff\/CisXKdqQ+ajtrQ3LZ22Yt8gUsF0WIds6QZ5D0Lfm4Tc68A9XEVuFIWxItR19xoMgh0IAOoN21xLwgs5MXMIPR3i+RQP8Vz2QfN5W5Jr+4f3Fbu3CwkHQEbfWsqQAAfrJaP+CWtHtgwmgEAQHVt19Ea\/F0h6cBGgyGF7dWdlXJjENFNlfDirgsKvnxfYyhWAiTrDeZ2nw4dqvOvwrVHvIvOuOUv1jVr1m0NaLD\/iBME9Fdznlhea2htGpCQnniDmr5HzOIPEPQeMDMRUb3Jur0ojqmWuz5AtPGrwFPXt1Lu3M0j+p+8R68LI60FQabXhmmCysKNKwkYgAZtahjPl0xmlwW+fNYrGl0fBDZ+sdX9iqinX5lKyNtv37a287NtRfmZOFYxiLyhSOtiQSxT3Lh6y0Vd7ybauB5PGbxs98Ulne\/KSfEFrUFNxUQEnfOI6jG2SJIfoZ5+xaZp4vwrI7dNRFXc\/Fq15r0174lSo8kMBilmnfPw9W3lriUdQf0L9Iq76tuv0ch\/808O370ay48JwnsKOeGHkdZSQPh5gaGG1gSIKNIctMm3VcvLHqOezR9hQNgTvlOnLFFe1LPxz9vWLnuTlPLiQk7ko1grIUg2YtYCEEFRfLQW6dPDtZ2\/kDn8fOPjxWuPskPNMYbRxr0Q1SMP34uVeHFBijOaGo8AeMcwOaR+zeVuiYPu\/uXgXbX+jkXe6YODKhZE3uCQ1u0FOklCXb6t3Pluok2bxlq7B89Z0bZoSa3PE+JfG4q1IXusOtqlV6vFtzPl17TU49cCYkUERv+z96jyY5fUyl3n+518Hi3f1Nju+fqGn1FVy0esYFafZrZ5fkxCK00k6ZfWk5o6s+YMVQebv\/YXyQdznti7GTMTkRyqKd3uy3cMlTurg8AnqGdTmMhEALivvG9xN5Q+kJP4qGYESjOEAPQM0VIG\/larKWU9ZtRQrNvytP8QP\/ZxAP8xWr7Nq555Y3uPBQO6EuND9Sb\/1s+J3aMma0EQUYM5KIr3sS68ILy482to6N+0v\/G2RwDwhu+s8I7Yo3FEU6k3S6J\/EoRCvcmaCFsE0e4qXfebYaPvhT8Ys38TEaArGuuGqqomBRWVNiZ0sryFHMlapO4lqX5vSMmOQknmsLKSP4pjPt3kjkM0msw5TyxWSg2EF3f+Jwvxa8H1J5oq70vC\/lLglYr57Lwn2pQCGIiYOSeIJJv2CdRo6gMtUcFTlfF0PSz9yqP4m0M1vDXvUXuzyVoIEkN1Zj9PK6KG+lNY7vyp1uJGEmgAvLhaxioh9PE5j0TU0M2cBzSa9A1mvEN61BGb\/KinMq01\/cwMwq+j31TDwl3FgjioZsOgQ3XNnqSvhP1dz1TARWqIH0AREMDTchDPY\/A\/t+fFYbWmVp4gGSuuS4GCskW64Amad64Z0OgDBOqbGvXcA\/m82KfRNBVfQ3XNnqAvVC\/ufCmDrlIApOQ2KDq0nTreST1\/qu208mUI0MbPheWuo4M2+ZrBIa0IEEMNrdvz4nAN\/dtqf+cFcUz9wqP7VIPCXJ53Y627QDjb9+SxDcUwgh7aEyTzHmGwqv9\/e1cfZddV1X97n\/v57n2TDxLapsRaVj\/MTGnBVK0KDQWlGKoC7UxTUvxCrIoIuhboH9XJoKICKrCUJYqLLrVfL4FW1CIsS5ISQaGpKe1MmjZUCCktGcg0mXfffffj7O0f973pNJ00k2aSTsr9rZU1k5l5956zzz777LPPPr\/9m0s3ju\/U4WFDmzeflhw9PUefifZ849Btg7\/rG\/4HV9RaAVkLo6SIA\/6jZNp7S3fL0MfzQu5T4xxwYdOi1LPIdc40KuuTEm+OQl7R6QraXVuEHrtZoXma2a+HPq9J85nxto2G+3uHbxtk2jDx3q2VnStP3JmumONpZPedh24busZz8PfN0DljOrVCFQ+MtlMrgcsvdQJ+V6cr77xwafeJdmvoqxDsB2PfjJOlukqUzkhYX2aUzhVC5MYG2VR5MN1y\/vvpmkce1U1gAkSHNwsRrLZe\/s5OO1\/TbDgXTydlSUwmzdVGAV+edOXLndbgTRb4F2X+tltooQ7OsEprCelvRKFZk6TSr0ZuGwE7aWoPKPH1AyO7JlVBiyZ6VUWjbZvzn45D5\/Iy08uTcXlvunnwTrH0RRh6PMvspMuI4dAZhvgnReQ9nsvNrFAAKmFgnE4qe7tB2eo9VY50bOlX90x3tqz5iB\/wB4p2WaIqLM+dTCT0+F2S6zXt24c+raTfZIII6EIIfjYMsKqbqw19RpLKvWVJDwc+vSXr1UgEADTjhZXl+GZVgL7Fev+yTPeGgbkgzcUSYNJc1XX4xuT2wR8l4s8XqmQMNcTqBWiufhvW\/0d2ui7ftBlWR0d52fVjuw7fctHbfV9v8V0KslIsgbjdFRsF\/Iq81JtKQpJsHtyniqkLl2arS5EzG4Fxk67YwCNkpexSoX8Km\/xXSVLamSREopPmB73wazWNVBw1+1nvF6v3hQGjV0B2Zq65DilB746vfujxXihZjmloFbTkugc+m2VyaxQ5BoS84oJXMUxR1DB\/RqpfVHhbjcE9vkdfCBvmd0DkO1WpjYNEGAUo7eUMKBNA3CMfPVZF++OMsAQje\/bYUt\/v+4aJq6K1RKBuoWKY3Mg3I82Y3x9H\/KG4wX8Q+PQqEaAo1YYN43a7+scC9xMgRFLdOxTXEBT2B56KIPXyRkbAtH7vpKqMGSYmon4tPSqsahTyb7Fihxtim6u03Sh2NGL+qGFc2MlFPYeMFb0RhP8NerUkK1JEPVt1dE7SSKLq1mg08shjqrTZ85iAapwVoFIUgW9eF8XmgwOx+WDUcMeUsBErfZ19JHMim8tNo0RxHP9SO5HPNiPTPz3WTm4tFKYRmF8YaPK\/QnSHce02Ed0Rxc5Ngcs\/3slESyuWSW0csFHVTtKVty\/dOH5bq4XT1rl6mpPVglmyYeKTndS+x3fZcZiMklpRaNIV8Vxe4zfMh12X7yHIdqt0Dxve0WzQnY2Qf80YWjHdsYUIpBk5rhUcVKW3RoRXZrncFTeYFWpFwJ2OLZsN857p2wffccUYyrnyaU7EyVqyYfxfcynX5bm9q+ESx4ExgAoAdAuxSWpLKNhzaFXD55+PIn5HFJk\/jyLzgSgyH4ga5t3NBl\/nuXwRgEgE2j5UpEFs4ly9wSryVyWvzzioI7smUxTri8Le1xxwHCKIKKjdFcuMgTA0vx16fDeL3mMNtoviv+KIP+o5vKbdEVGoMEHi2HGsYl8udFU0\/OC9rd4x4uLRluHqeLCkq6DIu4UtXJfOD0LznkbEnxHRHa7L28nhewKX7w4b\/D5mNLNShUiL0GenKDUjY9+x8o17po\/Mbas2ZNBWCyZx5G8Pt4v\/ipvGAZD3bAF3chXX0NlRg98ZR86HGg3nL2Ofb3AdWtXJNPcdNnkpqWv4rVCZcKsy1lKdTRInk5NL+yGkBdG7MQhaw\/wDIxMHwfwp4xJRT996kSwNfPO6MOIPVfaNxxzGRrT3LVuoo\/LnzXaMjYkqeOAtD96R5dioqlPNhmOIoCqKpGvLolQ1TJHn8JrQ459wHawWIZN0xcYNNnkhjzo+riXWh+BUfKWAKphA6PG\/jS68jF7wDlafr+iikYmcie7WmaL0VeyUAZPlSgK+TRWE4fklQm\/aVOVQRMvM29NO+Zmo6Xj9fKHSatlOJQcw4Bg63xBWZaXY6cRq3DCmtPJopjIcxas\/AqhP\/ZlYLQHLAQCrjsJPVYXPezfk5nf\/kMYgOgoeuG7iz6any49GgWMCj0i0UjIrWrYzW7Q7Nk8S2006kqe5ShQwey7lh5PivQPXTbzPddMOoJZ772cGlNCcc9ehoOa1u\/\/5ULv888hnDl0iVQhBbbsjOQBxDZ\/rGPwgQE57uiw9l+F51E1z++54ZPxPmDBNZlYHSZdh27aj6+ymMR0dBTcHsk2dxO6KY8dVhUIhqlp2clu02zZrJ7abdsqcVDtTk5MvntMQ9rc3s74ey4HYNAal9V853Lx2fH0nse9zHMri0DH9CGU7lbydSEaEpsO8GgQ3SWw3LcQCoMBjEzWMk3blf0q16wc2jH9CdZ48TsfZ3pP+nDme3NuY8JINE3\/RTu2vE+nBZsMxhitdzgopp6dtVoqWDuEMx9A5IKUksVk7taWIotkwbuARJx17ZzvXVzavfbBFIxMHFXhbmsp9cWhMxWkEp9MV9V3+6+nWRe\/s59MsmJM1DLNkZM8e\/+rxq3LRX+zmcm8cGBOHxjhMBiBHAMlLKZNM8iSVrJ3YvN22WZLYbpJK1u7aIivUWgGMAfkOh05sPBZc2jtaladtIBS0YuSRx747lb0+SewtriHTDJkJMFYg7VTyNJOCCCsN42xVLdttm2WlWiJw7BvjOWQ6Hfvvh9vF65ZuGP9qqwUzH\/2qeA9m2ZyTpF+jPeLh7\/3zeU0i\/Bhc8ojI5IVqO7FFuyMZCI5r6BwAy7uF5u3E5laghomjyHFFdH9R6MZ4+KHPq47yXBvm6nYvZOUb90w7TrEhTWRXFBuP+plOqtXYpZK32zZrtysdLK0ibhivW9iv51auDK558CEQk9jZ66l6VPJLeo4cLdg86xHadlbKnyZJ+eUoctxeUq2Fqu1kPftW6VhuFXnnaO14Lu9fQBvT1yGa5\/VLooqqZeC68U+naf6aTmrvMkzcjB3ju+wYBokChVVkRfXgODZsGOikcnNnuvip8Ocn9qrF8qfZegKUeKonozqC9ZzQywERklanKzkDJFolpjuGtCjl4alvxTt6dAvzCu2OjUGgAF35tSRxyuuTQ8WHBUgjnziOHScO2Qt9hu8SwoDhu2wYSNNUPjZtncuXjUx8AeX9RpW+2+MGslXVMToXALDsqPxUItURp4BIdL6B6LEqH2tgw8S7ppPy18tSHw09orjhmDgyThwYNw7YiyITRD57hojyUu+eTunKJSO7PwgAQbHsOwTKesWpBQJlpfJoFnl0FLz0Lbt\/\/3BHflFEvh56zFGjkk3ks\/EcQhAwQp\/JGOKi1LunO\/bK5sjuj6iCVORA\/4S8KFWhdM6hycmBo+3I+rtUWr\/3cIr8qiKVf3MNIQqY46bjxKFx48j4cWyC0GePmBq+0BlHMYQivX6KQucsOjqHM99fxKOR8dFuXl5RlHKrCLq+SxSHxosj4zd8hucQ4pA5ikwQesa4Dmle6K4ktb8WBsFrBkYe2t4nZJ3nCB93e4\/SierzM18XnFG\/r4cfzwu7LuuWHxNF23eJ4oZxmrHxY984gVfNnThyTBSy7xl2RLTTzaTV6dr18cj4m1ZcN767n+gcj0w8kZZ4Y5rJ\/\/ouQXvtL6yKa\/Dhw62L3lRtNBamWHZvE8EEaOPq8X8MHstemWZ6bZrJZis4xEwIXeI4Mk4cGy+KjB8H7MWR8aPYBNX\/jRu4ZJgAazGdF3p3+4nst10jN1f5V0ck7faigKvetncyHh7fWOR4Q5bp5wSwoUscN4wXR44buAzPYcSR48Sx8QOXjCjKNNfP5VZ\/Nhoev2rlW\/fs0Xk6V1VoBr2L0tW8PwG9eFY9HesdU75o7962Ev1K0ba3qmjmOkQN37hxbPw4MsZ1CFHIiCPjxQF7nkMkogfzzP5NJ83XDWwY\/5SOgonG5FhH19HVe\/dbj16fJvIxVaSR37MXDeNEPntxg\/3evHUATdJu+TEq7eUDw7u\/2CvDtDfrESr3+wbnGNyjz2Ge9e3bGVdMtAG8udOV210HEvlseu2t7FvT+FHIniF4z9KO47cXfMRn8FxtDFU6BIg+9axjoqJqgVl2\/SO7ouHxN5Qir+127UfzQr8mikwVmQgyBbpFIffmXfsXpcoV0fD49ct+4eH\/01GwYVqFI0pEHXnTdIEDPN9HUFCy5aK1cK0pC0ANqQc2JPSd8JoHHn1uq0UvIRPAVOuCc312rrWWLiPSlQrymdFRwTcV+pUC+JflIxP7+jkA2ATNt1wyWHLWLCyLBzYpmcPLr7l\/Yk72dwW1b794iN08LoVUldRzyckLfWjpyMTB2W05VnsnP3FhM1pirhKlq5j0LCvUBEGgeoBAe9jgjvCa8S\/1aFCZCNJqwbxBhn64hDWOx0KlGDXut6KrH9h\/tHf3byZNffKcpUEUX2OBKwhYLUCjulmn3wboAd9x\/s198\/1fJVSLCI3Adu4YWg2llyjEwirBsjzZCMbP\/rmdnfmOSac1+EpReiNIL1DgRaRIlSghxTeV8KU4WXEn\/fL2pxXifvxzF0cDh8qhkpQcQwoVVsvd6PF8N71rbzafxNHZBYCnWhec68J9rYpeTowzBbScoUJEqQi+o6wPBB59wX0i+ArdsLOYLbf56OBCtLcnNy62XPTDKZcOhPo8P7oEmKCRifZ89Gve82aWfJKbzj9bI\/enVGidYZxlFcuhyiASh+lAWcp+Ivx3l4r\/XDHyyGOzHeyZ24I9eT3ZGlzecOmHOoWWREqak3ohG1tSOx5+4MGTcRR2ZLHnJ1uDy32mS6zgRwi4kJlWiFVXSVcAeJKJUitaEtE3rOp+j3B\/BuxaMjwxNZ\/29RLS+zlT1L5lzcvZoSsEdCkRnSkiTRDBEKZE8V2F3qvAfwyMTOzux2rnZSt6enP45gtWaMDnQUgdJSWHTWqPbqcWWk+T1vlng7wfg+LlClyiUAKwioCDAHWg2KegHTE5W6lXOL5vs47Xhh+69eILDMl1YFkLYLmCAgYSAQ4Yxf\/kZf7ppRsfeXT2uB++ee0KDZLz+nPGUdLDS5zxs678WnIy5tns3+efGvqR3GIDgPMUWEaqOZgSBR4nxZeiINhClb2c4c87nnHof68fOc9PzvLWkJEAxFJapWP182htP7jlksHQ2AEtxZakBFairuwd2Pjwd+djq0ZHwWOzb+i2Br3vZXngLVnild2pQjLWF3WWpLNtKTZVBcOnNw\/+URw6N7Y7ZQlA4yWu2z5UbmiOjN+uW6vqK6ixyPw2BY0ecfxQcdtcFs71t8\/3Fdq5OHP2tS4LH2wNenMtHguxAD3zZ5eFeu9a92S8b2ZSzbUwnUo5H4W\/Z1\/rsvD\/PnlOcLTPnM75EseDXqkTeqYMBj296zx\/Ln2ckdEcm8Pnc15V8\/rZmdwfvus8fz46M2\/+rKPol249J9g3h+15NtktSrv6LPxXuvUo8+c52tc+Nc2RDuaiteGj3yenT8\/i\/B\/LVvZpPWb\/rN0aukM+8zKdbg2V7c1DNr3jonKqNfiaY+lbHcE6EcXcBF2InW2f4gErD1DfE1aAsHWdweSLFd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BODY={\"en\": \"<header class=\\\"hero\\\">\\n  <div class=\\\"brandbar\\\">\\n    <div class=\\\"logo\\\"><img class=\\\"logo-light\\\" src=\\\"LOGO_L\\\" alt=\\\"Valtech Valuation & Consulting\\\"><img class=\\\"logo-dark\\\" src=\\\"LOGO_D\\\" alt=\\\"Valtech Valuation & Consulting\\\"><\\\/div>\\n    <div class=\\\"brandtag\\\"><span class=\\\"eyebrow\\\">Special research report<\\\/span><span class=\\\"eyebrow\\\">Published October 2026<\\\/span><div class=\\\"langs\\\" role=\\\"group\\\" aria-label=\\\"Language\\\"><button type=\\\"button\\\" class=\\\"lang-btn\\\" data-lang=\\\"en\\\" lang=\\\"en\\\">EN<\\\/button><button type=\\\"button\\\" class=\\\"lang-btn\\\" data-lang=\\\"hant\\\" lang=\\\"zh-Hant\\\">\u7e41<\\\/button><button type=\\\"button\\\" class=\\\"lang-btn\\\" data-lang=\\\"hans\\\" lang=\\\"zh-Hans\\\">\u7b80<\\\/button><\\\/div><button type=\\\"button\\\" id=\\\"themeToggle\\\" class=\\\"theme-toggle\\\" aria-label=\\\"Switch colour theme\\\"><span class=\\\"tt-icon\\\" aria-hidden=\\\"true\\\"><\\\/span><span id=\\\"themeLabel\\\">Dark theme<\\\/span><\\\/button><\\\/div>\\n  <\\\/div>\\n  <span class=\\\"eyebrow\\\">Impairment among Hong Kong-listed mining companies \u00b7 FY2019 to 1H2026 \u00b7 data as at 2 Oct 2026<\\\/span>\\n  <h1>Policy shocks, not prices, drive mining write-downs<\\\/h1>\\n  <p class=\\\"lede\\\">Valtech Valuation reviewed <b id=\\\"heroN\\\">78<\\\/b> Hong Kong-listed mining companies. The 14 RMB-reporting majors alone wrote off at least <b>RMB61bn<\\\/b> of long-lived assets in FY2019\u2013FY2025, and five groups booked 83% of it. The largest charges came from water-protection zones, nature reserves, land-use plans, capacity-replacement policy and licence actions, not from commodity price falls.<\\\/p>\\n  <div class=\\\"objective\\\">\\n    <span class=\\\"eyebrow\\\">Objective of this research<\\\/span>\\n    <p>To bring auditors, audit committees and management insights from impairment trends across HKEX-listed miners, covering mining rights, exploration and evaluation assets, property, plant and equipment and goodwill, and to recap the disclosure checklist that good practice and HK regulators expect when an impairment is recognised or narrowly avoided.<\\\/p>\\n  <\\\/div>\\n  <div class=\\\"meta\\\"><span>Prepared by Valtech Valuation & Consulting<\\\/span><span>Scope: mining rights, E&E assets, PP&E, goodwill, mining associates<\\\/span><span>Bases: HKFRS\/IFRS and PRC CAS<\\\/span><\\\/div>\\n<\\\/header>\\n\\n<nav class=\\\"toc\\\" aria-label=\\\"Sections\\\">\\n  <a href=\\\"#universe\\\">Companies studied<\\\/a><a href=\\\"#scale\\\">Scale<\\\/a><a href=\\\"#cycle\\\">Cycle<\\\/a><a href=\\\"#commodity\\\">By commodity<\\\/a><a href=\\\"#h1-2026\\\">1H2026 interim<\\\/a><a href=\\\"#fy2026\\\">FY2026 outlook<\\\/a><a href=\\\"#size\\\">By size<\\\/a><a href=\\\"#rates\\\">Discount rates<\\\/a><a href=\\\"#trends\\\">Nine trends<\\\/a><a href=\\\"#checklist\\\">Disclosure checklist<\\\/a>\\n<\\\/nav>\\n\\n<div class=\\\"kpis\\\">\\n  <div class=\\\"kpi\\\"><b id=\\\"kpiN\\\">78<\\\/b><span id=\\\"kpiNtxt\\\">HKEX-listed mining companies studied<\\\/span><\\\/div>\\n  <div class=\\\"kpi warn\\\"><b>RMB61bn<\\\/b><span>At least this much long-lived impairment at 14 RMB majors, FY2019\u201325 (firm figures)<\\\/span><\\\/div>\\n  <div class=\\\"kpi\\\"><b>83%<\\\/b><span>Share booked by Chalco, China Coal, Hongqiao, Tianqi and Shenhua<\\\/span><\\\/div>\\n  <div class=\\\"kpi ore\\\"><b>47%<\\\/b><span>Fell in the FY2021\u201322 coal and aluminium boom, not the bust<\\\/span><\\\/div>\\n  <div class=\\\"kpi\\\"><b>2%<\\\/b><span>Goodwill's share of all charges. PP&E took about 70% and mining rights about 17%.<\\\/span><\\\/div>\\n  <div class=\\\"kpi warn\\\"><b>7\u201338%<\\\/b><span>Range of disclosed discount rates, often with an unclear pre- or post-tax basis<\\\/span><\\\/div>\\n<\\\/div>\\n\\n<section id=\\\"universe\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">1 \u00b7 Coverage<\\\/span><h2>The <span id=\\\"uniN\\\">78<\\\/span> companies studied<\\\/h2>\\n  <p class=\\\"claim\\\">Coverage spans every tier of the HK mining board: dual-listed PRC majors, overseas-asset mid-caps and exploration-stage or distressed small caps. Filter by tier or search by name, code or commodity.<\\\/p><\\\/div>\\n  <div class=\\\"tiers\\\" id=\\\"tiers\\\"><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>Companies by commodity<\\\/h3><div id=\\\"commodityCount\\\"><\\\/div><p class=\\\"cap\\\">Each company is counted once, under its primary commodity, so diversified groups appear only once.<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>How to read the universe<\\\/h3>\\n      <p class=\\\"cap\\\">Majors: large A+H, SOE and HK-listed producers. Mid-caps: producing companies with single-country, FX or sanctions exposure. Small caps: exploration-stage, single-asset or distressed issuers. The list includes companies that delisted or were privatised during 2019\u20132026 (Real Gold, Hengxing Gold, Up Energy, Agritrade, Prosperity, Greenway, CST, Bay Area Gold) and recent listings with too little history to show impairments.<\\\/p>\\n      <p class=\\\"cap\\\">The study screened out several companies that do not own or operate mines. These were the copper recycler China Metal Resources Utilization (1636); refiners without mines, such as China Silver (0815) and Nanshan Aluminium International (2610); the coke makers Loudong (0988) and Huscoke (0704); the traders Ares Asia (0645) and Elate (0076); the battery-materials maker CNGR (2579); a coalbed-methane producer (0091); and companies whose names suggest mining but whose businesses are not mining, such as Wai Chun, Yue Da, Silver Grant and Golden Resources.<\\\/p><\\\/div>\\n  <\\\/div>\\n  <div class=\\\"controls\\\" role=\\\"group\\\" aria-label=\\\"Filter companies\\\">\\n    <button type=\\\"button\\\" data-tier=\\\"All\\\" aria-pressed=\\\"true\\\">All<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Major\\\" aria-pressed=\\\"false\\\">Majors<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Mid-cap\\\" aria-pressed=\\\"false\\\">Mid-caps<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Small-cap\\\" aria-pressed=\\\"false\\\">Small caps<\\\/button>\\n    <input id=\\\"uniSearch\\\" type=\\\"search\\\" placeholder=\\\"Search name, code or commodity\\\" aria-label=\\\"Search companies\\\">\\n    <span class=\\\"note\\\" id=\\\"uniCount\\\"><\\\/span>\\n  <\\\/div>\\n  <div class=\\\"tbl\\\" id=\\\"uniTable\\\"><table><thead><tr><th>Code<\\\/th><th>Company<\\\/th><th>Tier<\\\/th><th>Commodity<\\\/th><th>Impairment finding, FY2019\u2013FY2025 (and 1H2026 interim where noted)<\\\/th><\\\/tr><\\\/thead><tbody id=\\\"uniBody\\\"><\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"scale\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">2 \u00b7 Scale and concentration<\\\/span><h2>At least RMB61bn written off, and five companies took 83%<\\\/h2>\\n  <p class=\\\"claim\\\">Sector averages say little about any single issuer. The charges are lumpy and concentrated, and property, plant and equipment carries most of them. Goodwill is almost irrelevant: the acquisition premium paid by HK miners sits in mining rights, PP&E and associates.<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>Identified FY2019\u201325 total by company (RMB m)<\\\/h3><div id=\\\"chartCompany\\\"><\\\/div><p class=\\\"cap\\\">The chart uses firm figures only, so it leaves out CAS totals that still include inventory and proxy figures. The figures mix CAS and IFRS bases. China Shenhua's total covers FY2022 to FY2025 only. The bar for four other companies combines Ganfeng, Lingbao, Chifeng and CMOC.<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>By asset class<\\\/h3>\\n      <div class=\\\"strata\\\" id=\\\"strataAsset\\\"><\\\/div><div class=\\\"strata-key\\\" id=\\\"keyAsset\\\"><\\\/div>\\n      <h3 style=\\\"margin-top:10px\\\">By commodity<\\\/h3>\\n      <div class=\\\"strata\\\" id=\\\"strataCommodity\\\"><\\\/div><div class=\\\"strata-key\\\" id=\\\"keyCommodity\\\"><\\\/div>\\n      <p class=\\\"cap\\\">Over half of the mining-rights share comes from one coal exploration right (Shalajida, RMB6.29bn) that overlaps a drinking-water protection zone.<\\\/p><\\\/div>\\n  <\\\/div>\\n  <h3>Consolidated record: identified long-lived impairment, net of reversals (RMB m unless stated)<\\\/h3>\\n  <div class=\\\"tbl\\\"><table class=\\\"num\\\">\\n    <thead><tr><th>Company (code)<\\\/th><th>Basis<\\\/th><th class=\\\"r\\\">FY2019<\\\/th><th class=\\\"r\\\">FY2020<\\\/th><th class=\\\"r\\\">FY2021<\\\/th><th class=\\\"r\\\">FY2022<\\\/th><th class=\\\"r\\\">FY2023<\\\/th><th class=\\\"r\\\">FY2024<\\\/th><th class=\\\"r\\\">FY2025<\\\/th><th class=\\\"r\\\">1H2026 interim<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">Coal<\\\/td><\\\/tr>\\n      <tr><td>China Coal (1898)<\\\/td><td>CAS (1H26 IFRS)<\\\/td><td class=\\\"r\\\">\u2264688<\\\/td><td class=\\\"r\\\">56<\\\/td><td class=\\\"r\\\">3,963<\\\/td><td class=\\\"r\\\">8,801<\\\/td><td class=\\\"r\\\">285<\\\/td><td class=\\\"r\\\">464<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">20.7<\\\/td><\\\/tr>\\n      <tr><td>China Shenhua (1088)<\\\/td><td>CAS \/ IFRS<\\\/td><td class=\\\"r\\\">\u22641,905<\\\/td><td class=\\\"r\\\">\u22641,523<\\\/td><td class=\\\"r\\\">\u22641,292<\\\/td><td class=\\\"r\\\">2,883<\\\/td><td class=\\\"r\\\">3,003<\\\/td><td class=\\\"r\\\">362<\\\/td><td class=\\\"r\\\">139<\\\/td><td class=\\\"r\\\">4\u2021<\\\/td><\\\/tr>\\n      <tr><td>Yankuang (1171)<\\\/td><td>CAS<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">\u2265480<\\\/td><td class=\\\"r\\\">2,140<\\\/td><td class=\\\"r\\\">\u226440.0<\\\/td><td class=\\\"r\\\">\u226410.7<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">Aluminium<\\\/td><\\\/tr>\\n      <tr><td>Chalco (2600)<\\\/td><td>IFRS, restated<\\\/td><td class=\\\"r\\\">564.3<\\\/td><td class=\\\"r\\\">681.3<\\\/td><td class=\\\"r\\\">4,064.7<\\\/td><td class=\\\"r\\\">3,871.4<\\\/td><td class=\\\"r\\\">598.0<\\\/td><td class=\\\"r\\\">2,103.2<\\\/td><td class=\\\"r\\\">3,085.3<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>China Hongqiao (1378)<\\\/td><td>HKFRS<\\\/td><td class=\\\"r\\\">1,730.9<\\\/td><td class=\\\"r\\\">492.9<\\\/td><td class=\\\"r\\\">1,560.6<\\\/td><td class=\\\"r\\\">224.8<\\\/td><td class=\\\"r\\\">818.4<\\\/td><td class=\\\"r\\\">2,635.5<\\\/td><td class=\\\"r\\\">497.2<\\\/td><td class=\\\"r\\\">583.3<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">Copper & diversified<\\\/td><\\\/tr>\\n      <tr><td>Jiangxi Copper (0358)<\\\/td><td>CAS (1H26 IFRS)<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">144.7<\\\/td><td class=\\\"r\\\">248.1<\\\/td><td class=\\\"r\\\">302.6<\\\/td><td class=\\\"r\\\">1,159.9<\\\/td><td class=\\\"r\\\">386.8<\\\/td><\\\/tr>\\n      <tr><td>Zijin (2899)<\\\/td><td>CAS<\\\/td><td class=\\\"r\\\">323.3<\\\/td><td class=\\\"r\\\">285.8<\\\/td><td class=\\\"r\\\">528.6<\\\/td><td class=\\\"r\\\">79.5<\\\/td><td class=\\\"r\\\">280.7<\\\/td><td class=\\\"r\\\">372.5<\\\/td><td class=\\\"r\\\">214.0<\\\/td><td class=\\\"r\\\">2.4<\\\/td><\\\/tr>\\n      <tr><td>CMOC (3993)<\\\/td><td>CAS<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">\u2248221<\\\/td><td class=\\\"r\\\">\u224835.2<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">0\u2021<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">Gold<\\\/td><\\\/tr>\\n      <tr><td>Zhaojin (1818)<\\\/td><td>HKFRS; CAS proxy FY19\u201322<\\\/td><td class=\\\"r\\\">\u2248174.3<\\\/td><td class=\\\"r\\\">\u2248658.6<\\\/td><td class=\\\"r\\\">\u2248242.3<\\\/td><td class=\\\"r\\\">\u2248320<\\\/td><td class=\\\"r\\\">376.8<\\\/td><td class=\\\"r\\\">401.8<\\\/td><td class=\\\"r\\\">1,596.2<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>Shandong Gold (1787)<\\\/td><td>CAS<\\\/td><td class=\\\"r\\\">\u2265108.5<\\\/td><td class=\\\"r\\\">160.5<\\\/td><td class=\\\"r\\\">5.4<\\\/td><td class=\\\"r\\\">0.6<\\\/td><td class=\\\"r\\\">4.3<\\\/td><td class=\\\"r\\\">44.9<\\\/td><td class=\\\"r\\\">793.2<\\\/td><td class=\\\"r\\\">\u22644.0<\\\/td><\\\/tr>\\n      <tr><td>Lingbao (3330)<\\\/td><td>HKFRS<\\\/td><td class=\\\"r\\\">26.3<\\\/td><td class=\\\"r\\\">58.0<\\\/td><td class=\\\"r\\\">10.0<\\\/td><td class=\\\"r\\\">86.9<\\\/td><td class=\\\"r\\\">40.0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>Chifeng (6693)<\\\/td><td>CAS<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">54<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">Lithium<\\\/td><\\\/tr>\\n      <tr><td>Tianqi (9696)<\\\/td><td>CAS \/ IFRS 23\u201324<\\\/td><td class=\\\"r\\\">5,309.5<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">\u22641.9<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">2,237.7<\\\/td><td class=\\\"r\\\">1<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>Ganfeng (1772)<\\\/td><td>CAS<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">83.6<\\\/td><td class=\\\"r\\\">214.6<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><\\\/tr>\\n      <tr class=\\\"total\\\"><td>Total of firm figures, RMB m (the interim column is not comparable)<\\\/td><td>mixed<\\\/td><td class=\\\"r\\\">\u22488,063<\\\/td><td class=\\\"r\\\">\u22481,735<\\\/td><td class=\\\"r\\\">\u224810,612<\\\/td><td class=\\\"r\\\">\u224818,232<\\\/td><td class=\\\"r\\\">\u22485,654<\\\/td><td class=\\\"r\\\">\u22489,008<\\\/td><td class=\\\"r\\\">\u22487,754<\\\/td><td class=\\\"r\\\">\u2248993<\\\/td><\\\/tr>\\n      <tr><td>Total including upper bounds and proxies<\\\/td><td>mixed<\\\/td><td class=\\\"r\\\">10,830<\\\/td><td class=\\\"r\\\">4,137<\\\/td><td class=\\\"r\\\">12,182<\\\/td><td class=\\\"r\\\">18,554<\\\/td><td class=\\\"r\\\">5,694<\\\/td><td class=\\\"r\\\">9,019<\\\/td><td class=\\\"r\\\">7,754<\\\/td><td class=\\\"r\\\">1,001<\\\/td><\\\/tr>\\n      <tr class=\\\"memo\\\"><td colspan=\\\"10\\\">Memo item: reported in US$ and not included in the totals above<\\\/td><\\\/tr>\\n      <tr><td>MMG (1208), US$m<\\\/td><td>IFRS<\\\/td><td class=\\\"r\\\">150.0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">53.0<\\\/td><td class=\\\"r\\\">290.0<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <p class=\\\"note\\\">How to read the table. A figure marked \u2264 is a CAS total that still includes inventory write-downs, so it is an upper bound. A figure marked \u2265 means that only part of the charge could be identified. A figure marked \u2248 is a proxy; Zhaojin's FY2019\u2013FY2022 figures come from CAS bond and rating documents. A dash (\u2014) marks the years before Chifeng's H-share listing in 2025, and n.v. marks a year that could not be verified. A figure marked \u2021 was extracted automatically and has not been re-read against the filing. Full-year figures are audited. <b>The 1H2026 column is an interim period.<\\\/b> Most issuers test for impairment only at the year end, so these figures are shown for disclosure only and should not be compared with full years or read as part of the trend. On an IFRS basis, Tianqi's FY2021 would show a net reversal of about RMB1,617m. CAS does not allow long-lived impairments to be reversed, whereas HKAS 36 requires a reversal assessment. MMG reports in US dollars, so it is shown below the totals as a memo item and is not included in the RMB sum.<\\\/p>\\n\\n  <h3>Eleven company-years make up two-thirds of the total<\\\/h3>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>Company-year<\\\/th><th class=\\\"r\\\">RMB m<\\\/th><th>Main asset<\\\/th><th>Trigger<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>China Coal FY2022<\\\/td><td class=\\\"r\\\">8,801<\\\/td><td>Shalajida exploration right (6,285); slowed mines; coal-chemical, power<\\\/td><td>Water-source protection zone; geology; delays; feed-coal squeeze<\\\/td><\\\/tr>\\n      <tr><td>Tianqi FY2019<\\\/td><td class=\\\"r\\\">5,310<\\\/td><td>SQM equity stake (SQM 5,237; SALA 73)<\\\/td><td>SQM lithium price \u221227.7%; EV demand downgrade (CAS, corrected)<\\\/td><\\\/tr>\\n      <tr><td>Chalco FY2021<\\\/td><td class=\\\"r\\\">4,065<\\\/td><td>Idle and suspended asset groups; bauxite rights<\\\/td><td>Environmental regulation; expiring bauxite rights<\\\/td><\\\/tr>\\n      <tr><td>Chalco FY2022<\\\/td><td class=\\\"r\\\">3,871<\\\/td><td>PP&E and associates<\\\/td><td>Not identified in sources<\\\/td><\\\/tr>\\n      <tr><td>Chalco FY2025<\\\/td><td class=\\\"r\\\">3,085<\\\/td><td>Fixed assets, investment property, associates<\\\/td><td>Imported-bauxite alumina lines shut; idle land resumed<\\\/td><\\\/tr>\\n      <tr><td>Shenhua FY2023<\\\/td><td class=\\\"r\\\">3,003<\\\/td><td>PP&E 2,782<\\\/td><td>Not identified in sources<\\\/td><\\\/tr>\\n      <tr><td>Shenhua FY2022<\\\/td><td class=\\\"r\\\">2,883<\\\/td><td>PP&E 2,151; intangibles 348<\\\/td><td>Equipment and spares with impairment indications<\\\/td><\\\/tr>\\n      <tr><td>Hongqiao FY2024<\\\/td><td class=\\\"r\\\">2,636<\\\/td><td>Plant PP&E (each plant a CGU)<\\\/td><td>Plant relocation and retirement<\\\/td><\\\/tr>\\n      <tr><td>Tianqi FY2024<\\\/td><td class=\\\"r\\\">2,238<\\\/td><td>Kwinana Train 2; SQM (IFRS only)<\\\/td><td>Project terminated Jan 2025<\\\/td><\\\/tr>\\n      <tr><td>Yankuang FY2022<\\\/td><td class=\\\"r\\\">2,140<\\\/td><td>Donaldson 806; Monash\/Harrybrandt\/Athena 1,056; Premier mine 278<\\\/td><td>Not expected to be developed; price below cost (confirmed)<\\\/td><\\\/tr>\\n      <tr><td>Chalco FY2024<\\\/td><td class=\\\"r\\\">2,103<\\\/td><td>Capacity-replacement projects<\\\/td><td>Exits for new projects 964; standards 187; uneconomic output 466<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"cycle\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">3 \u00b7 Commodity cycle<\\\/span><h2>Write-downs peaked in the boom, not the bust<\\\/h2>\\n  <p class=\\\"claim\\\">FY2022, when Newcastle coal averaged US$345\/t, was the peak year at \u2248RMB18.2bn. FY2020, the COVID year, was the trough. State-owned groups used record profits to clear stranded exploration rights, slowed mines and policy-hit plants. In FY2025, gold groups booked their largest charges at record gold prices, driven by licences and obsolete plant.<\\\/p><\\\/div>\\n  <div class=\\\"panel\\\"><h3>Identified impairment at the HK-listed majors in each full year (bars, RMB m) compared with the Newcastle coal price (line, US$ per tonne)<\\\/h3>\\n    <div class=\\\"legend\\\"><span><i style=\\\"background:var(--s1)\\\"><\\\/i>Impairment, RMB m<\\\/span><span><i style=\\\"background:var(--s2)\\\"><\\\/i>Newcastle coal, US$\/t (World Bank annual average)<\\\/span><\\\/div>\\n    <div id=\\\"chartCycle\\\"><\\\/div>\\n    <p class=\\\"cap\\\">The chart shows full financial years only. The 1H2026 interim figures are left out because most issuers test for impairment only at the year end. For comparison, PwC's global top-40 miners peaked a year later, at US$18bn in 2023, as battery-metal prices fell and interest rates rose.<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>High coal prices created impairments<\\\/h3><p class=\\\"cap\\\">In 1H2022 China Coal impaired a coal-chemical unit (RMB723m) and a captive power plant (RMB258m) that were losing money on expensive feed coal.<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>Aluminium followed policy, not price<\\\/h3><p class=\\\"cap\\\">Chalco and Hongqiao impaired plants as capacity was relocated or replaced under energy and environmental policy, independent of the LME price.<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>Price screens would have missed most charges<\\\/h3><p class=\\\"cap\\\">Indicator reviews keyed only to commodity prices would have missed the largest HK charges. The indicators that mattered were legal, ecological and policy events.<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>The downturn hit different companies<\\\/h3><p class=\\\"cap\\\">In 2023\u201325 the coal majors' charges shrank. Small coal producers took over: Feishang RMB628m, Mongolia Energy HK$1,299m, SouthGobi US$42m.<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"commodity\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">4 \u00b7 By commodity<\\\/span><h2>Each commodity has its own impairment pattern<\\\/h2><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>Commodity<\\\/th><th class=\\\"r\\\">Share<\\\/th><th>Dominant asset<\\\/th><th>Typical trigger<\\\/th><th>Key examples<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>Aluminium and alumina<\\\/td><td class=\\\"r\\\">\u224838%<\\\/td><td>Smelter and refinery PP&E<\\\/td><td>Capacity relocation; environmental and safety standards; idle lines<\\\/td><td>Chalco 2021\u201325; Hongqiao; RUSAL<\\\/td><\\\/tr>\\n      <tr><td>Coal<\\\/td><td class=\\\"r\\\">\u224837%<\\\/td><td>Exploration rights, slowed mines, chemical and power PP&E<\\\/td><td>Ecological red lines, geology, delays; small caps: price and licences<\\\/td><td>Shalajida; Shenhua; Yankuang; Yitai; Mongolia Energy<\\\/td><\\\/tr>\\n      <tr><td>Lithium<\\\/td><td class=\\\"r\\\">\u224813%<\\\/td><td>Equity stakes, downstream processing<\\\/td><td>Price troughs; Chilean governance; project termination<\\\/td><td>Tianqi SQM, Kwinana<\\\/td><\\\/tr>\\n      <tr><td>Gold<\\\/td><td class=\\\"r\\\">\u22486%<\\\/td><td>Mine PP&E, mining rights, goodwill<\\\/td><td>Licence non-renewal in water zones; obsolete plant<\\\/td><td>Zhaojin; Shandong Gold; Chifeng<\\\/td><\\\/tr>\\n      <tr><td>Copper, cobalt, diversified<\\\/td><td class=\\\"r\\\">\u22486%<\\\/td><td>Tailings and land-use CIP; DRC assets<\\\/td><td>Land-use plans; DRC cobalt export ban, power, fiscal regime<\\\/td><td>Jiangxi Copper; MMG Kinsevere<\\\/td><\\\/tr>\\n      <tr><td>Iron ore<\\\/td><td class=\\\"r\\\">n\/a<\\\/td><td>Mine PP&E, E&E<\\\/td><td>Rouble strength, sanctions; licence revocation<\\\/td><td>IRC; China VTM; Hanking<\\\/td><\\\/tr>\\n      <tr><td>Nickel, vanadium, molybdenum, rare earths<\\\/td><td class=\\\"r\\\">n\/a<\\\/td><td>Exploration and mining rights<\\\/td><td>Nature reserves; energy standards; safety licences<\\\/td><td>Xinxin; North Mining; Lygend<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <p class=\\\"note\\\">IRC shows that FX can outweigh price: its K&S recoverable amount fell \u224848% (US$268.1m to US$139.9m) in FY2025, mainly on rouble appreciation, even though its iron ore price deck and output both rose.<\\\/p>\\n<\\\/section>\\n\\n<section id=\\\"h1-2026\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">5 \u00b7 Interim period<\\\/span><h2>1H2026 interim disclosures: what was reported, and how to read it<\\\/h2>\\n  <p class=\\\"claim\\\">Most HK-listed miners carry out full impairment testing at the financial year end. At interim dates they usually assess only whether new indicators have arisen. Interim figures therefore record what was disclosed in the half-year; they are not a trend and should not be compared with full-year totals or read as a decline in impairment.<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>Long-lived impairment and inventory write-downs disclosed in 1H2026 interims (RMB m)<\\\/h3><div id=\\\"chartH1\\\"><\\\/div><p class=\\\"cap\\\">These are unaudited interim figures, shown for disclosure only. Jiangxi Copper's split between asset classes was extracted automatically and has not been re-read against the filing (\u2021).<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>What the interims disclosed<\\\/h3>\\n      <p class=\\\"cap\\\"><b>Charges.<\\\/b> Long-lived charges were concentrated at China Hongqiao (RMB583m, plant relocation) and Jiangxi Copper (RMB387m). The largest P&L item was Jiangxi Copper's RMB2.49bn inventory write-down, which is not an asset impairment.<\\\/p>\\n      <p class=\\\"cap\\\"><b>Reversals.<\\\/b> No major company reported a reversal. CAS reporters (Zijin, CMOC, Chalco, Ganfeng, Tianqi, Shandong Gold, Chifeng) cannot reverse long-lived impairments. MMG stated \\\"no indicators for impairment or impairment reversal\\\" for any CGU.<\\\/p>\\n      <p class=\\\"cap\\\"><b>What to watch.<\\\/b> The full test at the FY2026 year end, where record gold and copper prices meet higher US-dollar discount rates (next section).<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"fy2026\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">6 \u00b7 FY2026 year-end<\\\/span><h2>Reversal tests meet rising US-dollar rates<\\\/h2>\\n  <p class=\\\"claim\\\">FY2026 is the first year-end where IFRS reporters could plausibly reverse. Spot gold was US$4,313\/oz on 22 September 2026 and LME copper hit a record US$14,875\/t, but reserve decks sit far lower (Newmont US$2,000\/oz; Barrick US$1,500\/oz). The Fed raised rates on 16 September 2026 and US 10-year yields moved to about 4.8\u20135.3%. China's revised Mineral Resources Law caps mining-right terms at 30 years. The first HK-listed gold reversal is already on record: Taung Gold reversed HK$428m in its year to March 2026 on the gold price, after HK$125m in FY3\/2022.<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>Asset type<\\\/th><th>Price vs FY2025<\\\/th><th>Rates<\\\/th><th>Policy and geopolitics<\\\/th><th>Net FY2026 signal<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>Gold mines<\\\/td><td>Strongly up (Aug-26 US$4,411\/oz)<\\\/td><td>USD up<\\\/td><td>Royalty and windfall-tax risk<\\\/td><td><span class=\\\"sig up\\\">Reversal candidates, IFRS only<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>Copper<\\\/td><td>Record highs<\\\/td><td>USD up<\\\/td><td>Peru, DRC, Mongolia disruption<\\\/td><td><span class=\\\"sig up\\\">Headroom or reversal; test event risk<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>Lithium<\\\/td><td>RMB150\u2013160k\/t vs RMB60k trough<\\\/td><td>Mixed<\\\/td><td>Jiangxi licences; Zimbabwe ban; Chile<\\\/td><td><span class=\\\"sig mid\\\">Possible IFRS reversals; abandoned projects stay impaired<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>Cobalt (DRC)<\\\/td><td>High but easing<\\\/td><td>USD up<\\\/td><td>Export quotas<\\\/td><td><span class=\\\"sig mid\\\">Neutral to negative<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>Nickel<\\\/td><td>\u2248US$16.5k\/t, weak<\\\/td><td>USD up<\\\/td><td>Indonesian quotas<\\\/td><td><span class=\\\"sig down\\\">Impairment risk persists<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>Iron ore<\\\/td><td>Below US$100\/t<\\\/td><td>\u2014<\\\/td><td>China property<\\\/td><td><span class=\\\"sig down\\\">Risk for high-cost producers<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>PRC thermal coal<\\\/td><td>RMB983\/t vs 2025 avg RMB697<\\\/td><td>RMB low<\\\/td><td>Licence expiry, red-line exits<\\\/td><td><span class=\\\"sig mid\\\">Licence- and closure-driven charges continue<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>Guinea bauxite \/ alumina<\\\/td><td>20\u201335% below 2025 highs<\\\/td><td>USD up<\\\/td><td>Licence revocations<\\\/td><td><span class=\\\"sig down\\\">Impairment indicator<\\\/span><\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"size\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">7 \u00b7 By company size<\\\/span><h2>Smaller miners face all-or-nothing, permit-driven write-downs that often reverse<\\\/h2>\\n  <p class=\\\"claim\\\">Size changes the kind of risk, not only its scale. Zijin's FY2025 charge was \u22480.09% of its tested assets. Small caps routinely lose a quarter or more of an asset in a year, write assets to nil when a licence is revoked, and see auditors qualify their reversals. Their timing also differs: FY2020, the trough for the majors, was the peak for smaller issuers, with China Qinfa (RMB3.94bn), Bay Area Gold (HK$2.27bn) and North Mining (HK$1.77bn) all booking their largest charges that year.<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>Dimension<\\\/th><th>Majors<\\\/th><th>Mid-caps<\\\/th><th>Small caps<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>Scale vs balance sheet<\\\/td><td>Tiny (Zijin \u22480.09%; China Coal FY2022 \u22485%)<\\\/td><td>Moderate, volatile (IRC \u221248%; RUSAL \u2248US$1.84bn net)<\\\/td><td>Large (CST \u224825% of net assets; E&P Global \u224836% then 100%)<\\\/td><\\\/tr>\\n      <tr><td>Dominant triggers<\\\/td><td>Policy, ecology, capacity replacement, geology<\\\/td><td>FX, sanctions, permits, energy standards<\\\/td><td>Licence expiry or revocation, safety licences, funding<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <div class=\\\"panel\\\"><h3>Selected small and mid-cap impairments (+) and reversals (\u2212), in millions of each issuer's reporting currency<\\\/h3><div id=\\\"chartSwings\\\"><\\\/div><p class=\\\"cap\\\">Each issuer is shown in its own reporting currency (RMB, HK$ or US$) without conversion. The bars show the direction and rough size of each movement; they are not an exact comparison of value between issuers.<\\\/p><\\\/div>\\n  <div class=\\\"trends\\\">\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">Pattern A<\\\/span><h3>In China, the permit chain is the trigger<\\\/h3><p class=\\\"cap\\\">A mine needs a mining licence, a safety production licence, environmental approval and land-use rights, and a delay at any of these steps pushes back the restart date in the valuation. North Mining's mining licence was renewed to 2034, yet it still impaired HK$364m in FY2024 while it waited for a safety licence.<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">Pattern B<\\\/span><h3>Overseas licence actions are binary<\\\/h3><p class=\\\"cap\\\">Zhongzheng wrote Indonesian coal E&E to nil, then could not evidence the reversal when the licence came back. E&P Global wrote off HK$1.45bn, then wrote back \u2248HK$1.39bn after a Moscow court ruling.<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">Pattern C<\\\/span><h3>Auditors push back on reversals<\\\/h3><p class=\\\"cap\\\">Auditors qualified their opinions on the reversal itself at Huili (FY2019), Zhongzheng (FY6\/2024) and Mongolia Energy (FY3\/2026).<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">Pattern D<\\\/span><h3>Stale technical data<\\\/h3><p class=\\\"cap\\\">Renaissance valued a gold right on a 2015 report using 50% of inferred resources. Brockman's resource is unchanged since 2018 while E&E is 96\u201399% of its assets.<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">Pattern E<\\\/span><h3>Acquired mines are impaired fast<\\\/h3><p class=\\\"cap\\\">CST impaired Grande Cache by US$93.85m about 22 months after buying it. Up Energy carried HK$24bn of assets that were never impairment-tested and was delisted.<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">Pattern F<\\\/span><h3>Clean opinions are not proof<\\\/h3><p class=\\\"cap\\\">China Rare Earth had a clean FY2024 opinion with an impairment KAM; concealed subsidiary loans later surfaced and trading is suspended.<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"rates\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">8 \u00b7 Key assumption<\\\/span><h2>Discount rates span 7% to 38%, and their basis is often unclear<\\\/h2>\\n  <p class=\\\"claim\\\">The ordering is broadly plausible, with development and country risk pushing rates up. But labels mix pre- and post-tax, real and nominal; issuers switch between FVLCD and VIU without explanation; and some charges come from the rate alone (ADD New Energy, RMB50.9m).<\\\/p><\\\/div>\\n  <div class=\\\"panel\\\"><h3>Disclosed discount rates by issuer and CGU (%)<\\\/h3><div id=\\\"chartRates\\\"><\\\/div><p class=\\\"cap\\\">Where a bar shows a range, the rate moved across years or differed between cash-generating units. The rates are stated on different bases, so they are not directly comparable. Dragon Mining's rates were extracted automatically and have not been re-read against the filing (\u2021).<\\\/p><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"trends\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">9 \u00b7 For auditors and management<\\\/span><h2>Nine trends to put in front of audit committees<\\\/h2><\\\/div>\\n  <div class=\\\"trends\\\" id=\\\"trendCards\\\"><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"checklist\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">10 \u00b7 Good practice<\\\/span><h2>Disclosure checklist in relation to impairment assessment<\\\/h2>\\n  <p class=\\\"claim\\\">A synthesis of HKAS 36, HKFRS 6, HKFRS 13, HKEX Chapter 18 and HKEX and AFRC review findings. It is not regulator text.<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th class=\\\"r\\\">#<\\\/th><th>Disclose<\\\/th><th>Basis<\\\/th><\\\/tr><\\\/thead>\\n    <tbody id=\\\"checkBody\\\"><\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section>\\n  <div class=\\\"conclusion\\\">\\n    <span class=\\\"eyebrow\\\" style=\\\"color:var(--ore)\\\">Conclusion<\\\/span>\\n    <h2>Impairment at HK miners is a measure of legal and policy risk<\\\/h2>\\n    <p>The largest charges trace to water-protection zones, nature-reserve boundaries, land-use plans, capacity-replacement quotas, licence revocations and export bans. Under the dual accounting framework, the 2025\u201326 boom can produce reversals only at IFRS reporters, while CAS write-downs are permanent. Higher US-dollar discount rates and China's 30-year licence cap tighten the inputs, so audit committees should expect the FY2026 test to be harder than FY2025's, despite record prices.<\\\/p>\\n    <p>The cheapest improvements are the most persuasive to regulators: reconcile the impairment model to the issuer's own Chapter 18 resources and reserves record, and explain every change in method, rate or price deck. The issuers best placed already publish IRC-style \\\"basis for change\\\" tables, RUSAL-style monetary sensitivities and MMG-style profit warnings.<\\\/p>\\n  <\\\/div>\\n<\\\/section>\\n\\n<footer>\\n  <span class=\\\"eyebrow\\\">Method and sources<\\\/span>\\n  <p>Built from HK-filed annual and interim reports, results announcements and profit warnings on HKEXnews, plus A-share (cninfo, SSE, SZSE) filings for PRC dual listings, World Bank Pink Sheet prices and PwC Mine 2026. Long-lived assets cover PP&E, CIP, mining and exploration rights, ROU assets, goodwill, investment property and associates; inventory, expected credit loss and VAT impairments are excluded. Sums are lower bounds; US$ and HK$ reporters are not converted.<\\\/p>\\n  <p>Key filings: <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0423\/2026042302304.pdf\\\">Chalco 2025 AR<\\\/a> \u00b7 <a href=\\\"http:\/\/static.cninfo.com.cn\/finalpage\/2023-03-24\/1216204000.PDF\\\">China Coal 2022 AR summary<\\\/a> \u00b7 <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0314\/2025031401555.pdf\\\">Hongqiao FY2024<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0326\/2025032602209_c.pdf\\\">Tianqi FY2024<\\\/a> \u00b7 <a href=\\\"https:\/\/www.mmg.com\/content\/uploads\/2026\/03\/e_2026-03-03_2025-Annual-Results.pdf\\\">MMG 2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0325\/2026032500117.pdf\\\">IRC FY2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0318\/2026031800129.pdf\\\">RUSAL FY2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0728\/2026072801083.pdf\\\">E&P Global AR2026<\\\/a> \u00b7 <a href=\\\"https:\/\/thedocs.worldbank.org\/en\/doc\/74e8be41ceb20fa0da750cda2f6b9e4e-0050012026\/related\/CMO-Pink-Sheet-September-2026.pdf\\\">World Bank Pink Sheet Sep 2026<\\\/a> \u00b7 <a href=\\\"https:\/\/www.pwc.com\/gx\/en\/industries\/energy-utilities-resources\/global-mine-2026.pdf\\\">PwC Mine 2026<\\\/a><\\\/p>\\n  <p>A special research report by Valtech Valuation & Consulting. Research as at 2 October 2026. 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href=\\\"#checklist\\\">\u62ab\u9732\u6e05\u55ae<\\\/a>\\n<\\\/nav>\\n\\n<div class=\\\"kpis\\\">\\n  <div class=\\\"kpi\\\"><b id=\\\"kpiN\\\">78<\\\/b><span id=\\\"kpiNtxt\\\">\u7814\u7a76\u6db5\u84cb\u7684\u9999\u6e2f\u4ea4\u6613\u6240\u4e0a\u5e02\u7926\u696d\u516c\u53f8<\\\/span><\\\/div>\\n  <div class=\\\"kpi warn\\\"><b>\u4eba\u6c11\u5e63610\u5104\u5143<\\\/b><span>14\u5bb6\u4eba\u6c11\u5e63\u5831\u544a\u5927\u578b\u4f01\u696d\u65bcFY2019\u201325\u7684\u9577\u671f\u8cc7\u7522\u6e1b\u503c\u81f3\u5c11\u9054\u6b64\u6578\uff08\u78ba\u5be6\u6578\u5b57\uff09<\\\/span><\\\/div>\\n  <div class=\\\"kpi\\\"><b>83%<\\\/b><span>\u7531\u4e2d\u570b\u92c1\u696d\u3001\u4e2d\u7164\u80fd\u6e90\u3001\u4e2d\u570b\u5b8f\u6a4b\u3001\u5929\u9f4a\u92f0\u696d\u53ca\u4e2d\u570b\u795e\u83ef\u78ba\u8a8d\u7684\u6bd4\u4f8b<\\\/span><\\\/div>\\n  <div class=\\\"kpi ore\\\"><b>47%<\\\/b><span>\u767c\u751f\u65bcFY2021\u201322\u7164\u70ad\u53ca\u92c1\u696d\u666f\u6c23\u671f\uff0c\u800c\u975e\u4f4e\u8ff7\u671f<\\\/span><\\\/div>\\n  <div class=\\\"kpi\\\"><b>2%<\\\/b><span>\u5546\u8b7d\u4f54\u5168\u90e8\u6e1b\u503c\u7684\u6bd4\u4f8b\u3002\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u7d04\u4f5470%\uff0c\u63a1\u7926\u6b0a\u7d04\u4f5417%\u3002<\\\/span><\\\/div>\\n  <div class=\\\"kpi warn\\\"><b>7\u201338%<\\\/b><span>\u5df2\u62ab\u9732\u6298\u73fe\u7387\u7684\u7bc4\u570d\uff0c\u7a05\u524d\u6216\u7a05\u5f8c\u57fa\u790e\u5f80\u5f80\u4e0d\u660e\u78ba<\\\/span><\\\/div>\\n<\\\/div>\\n\\n<section id=\\\"universe\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">1 \u00b7 \u6db5\u84cb\u7bc4\u570d<\\\/span><h2>\u7814\u7a76\u6db5\u84cb\u7684<span id=\\\"uniN\\\">78<\\\/span>\u5bb6\u516c\u53f8<\\\/h2>\\n  <p class=\\\"claim\\\">\u6db5\u84cb\u9999\u6e2f\u7926\u696d\u677f\u584a\u5404\u500b\u5c64\u7d1a\uff1a\u5169\u5730\u4e0a\u5e02\u7684\u4e2d\u570b\u5927\u578b\u4f01\u696d\u3001\u6301\u6709\u6d77\u5916\u8cc7\u7522\u7684\u4e2d\u578b\u4f01\u696d\uff0c\u4ee5\u53ca\u8655\u65bc\u52d8\u63a2\u968e\u6bb5\u6216\u9677\u5165\u56f0\u5883\u7684\u5c0f\u578b\u4f01\u696d\u3002\u53ef\u6309\u898f\u6a21\u7be9\u9078\uff0c\u6216\u6309\u540d\u7a31\u3001\u4ee3\u865f\u6216\u5546\u54c1\u641c\u5c0b\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tiers\\\" id=\\\"tiers\\\"><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>\u6309\u5546\u54c1\u5283\u5206\u7684\u516c\u53f8<\\\/h3><div id=\\\"commodityCount\\\"><\\\/div><p class=\\\"cap\\\">\u6bcf\u5bb6\u516c\u53f8\u53ea\u6309\u5176\u4e3b\u8981\u5546\u54c1\u8a08\u7b97\u4e00\u6b21\uff0c\u56e0\u6b64\u591a\u5143\u5316\u96c6\u5718\u53ea\u51fa\u73fe\u4e00\u6b21\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u5982\u4f55\u89e3\u8b80\u7814\u7a76\u7bc4\u570d<\\\/h3>\\n      <p class=\\\"cap\\\">\u5927\u578b\u4f01\u696d\uff1a\u5927\u578bA+H\u80a1\u3001\u570b\u6709\u4f01\u696d\u53ca\u9999\u6e2f\u4e0a\u5e02\u751f\u7522\u5546\u3002\u4e2d\u578b\u4f01\u696d\uff1a\u627f\u53d7\u55ae\u4e00\u570b\u5bb6\u3001\u532f\u7387\u6216\u5236\u88c1\u98a8\u96aa\u7684\u751f\u7522\u4f01\u696d\u3002\u5c0f\u578b\u4f01\u696d\uff1a\u52d8\u63a2\u968e\u6bb5\u3001\u55ae\u4e00\u8cc7\u7522\u6216\u9677\u5165\u56f0\u5883\u7684\u767c\u884c\u4eba\u3002\u540d\u55ae\u5305\u62ec\u65bc2019\u20132026\u5e74\u9593\u9664\u724c\u6216\u79c1\u6709\u5316\u7684\u516c\u53f8\uff08\u745e\u91d1\u7926\u696d\u3001\u6052\u8208\u9ec3\u91d1\u3001\u512a\u6d3e\u80fd\u6e90\u3001\u9d3b\u5bf6\u8cc7\u6e90\u3001\u660c\u8208\u570b\u969b\u3001\u4fe1\u76db\u7926\u696d\u3001\u4e2d\u8b7d\u96c6\u5718\u3001\u7063\u5340\u9ec3\u91d1\uff09\uff0c\u4ee5\u53ca\u4e0a\u5e02\u6642\u9593\u592a\u77ed\u3001\u672a\u80fd\u53cd\u6620\u6e1b\u503c\u7684\u65b0\u4e0a\u5e02\u516c\u53f8\u3002<\\\/p>\\n      <p class=\\\"cap\\\">\u672c\u7814\u7a76\u5254\u9664\u4e86\u6578\u5bb6\u4e26\u4e0d\u64c1\u6709\u6216\u7d93\u71df\u7926\u5c71\u7684\u516c\u53f8\uff0c\u5305\u62ec\u9285\u56de\u6536\u5546\u4e2d\u570b\u91d1\u5c6c\u8cc7\u6e90\u5229\u7528\uff081636\uff09\uff1b\u6c92\u6709\u7926\u5c71\u7684\u7cbe\u7149\u5546\uff0c\u4f8b\u5982\u4e2d\u570b\u767d\u9280\uff080815\uff09\u53ca\u5357\u5c71\u92c1\u696d\u570b\u969b\uff082610\uff09\uff1b\u7126\u70ad\u751f\u7522\u5546Loudong\uff080988\uff09\u53caHuscoke\uff080704\uff09\uff1b\u8cbf\u6613\u5546Ares Asia\uff080645\uff09\u53caElate\uff080076\uff09\uff1b\u96fb\u6c60\u6750\u6599\u751f\u7522\u5546\u4e2d\u5049\u80a1\u4efd\uff082579\uff09\uff1b\u4e00\u5bb6\u7164\u5c64\u6c23\u751f\u7522\u5546\uff080091\uff09\uff1b\u4ee5\u53ca\u540d\u7a31\u770b\u4f3c\u8207\u7926\u696d\u76f8\u95dc\u3001\u4f46\u696d\u52d9\u4e26\u975e\u7926\u696d\u7684\u516c\u53f8\uff0c\u4f8b\u5982Wai Chun\u3001Yue Da\u3001Silver Grant\u53caGolden Resources\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n  <div class=\\\"controls\\\" role=\\\"group\\\" aria-label=\\\"\u7be9\u9078\u516c\u53f8\\\">\\n    <button type=\\\"button\\\" data-tier=\\\"All\\\" aria-pressed=\\\"true\\\">\u5168\u90e8<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Major\\\" aria-pressed=\\\"false\\\">\u5927\u578b\u4f01\u696d<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Mid-cap\\\" aria-pressed=\\\"false\\\">\u4e2d\u578b\u4f01\u696d<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Small-cap\\\" aria-pressed=\\\"false\\\">\u5c0f\u578b\u4f01\u696d<\\\/button>\\n    <input id=\\\"uniSearch\\\" type=\\\"search\\\" placeholder=\\\"\u641c\u5c0b\u540d\u7a31\u3001\u4ee3\u865f\u6216\u5546\u54c1\\\" aria-label=\\\"\u641c\u5c0b\u516c\u53f8\\\">\\n    <span class=\\\"note\\\" id=\\\"uniCount\\\"><\\\/span>\\n  <\\\/div>\\n  <div class=\\\"tbl\\\" id=\\\"uniTable\\\"><table><thead><tr><th>\u4ee3\u865f<\\\/th><th>\u516c\u53f8<\\\/th><th>\u898f\u6a21<\\\/th><th>\u5546\u54c1<\\\/th><th>\u6e1b\u503c\u7d50\u679c\uff0cFY2019\u2013FY2025\uff08\u8a3b\u660e\u8655\u5305\u62ec1H2026\u4e2d\u671f\uff09<\\\/th><\\\/tr><\\\/thead><tbody id=\\\"uniBody\\\"><\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"scale\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">2 \u00b7 \u898f\u6a21\u8207\u96c6\u4e2d\u5ea6<\\\/span><h2>\u6487\u6e1b\u81f3\u5c11\u4eba\u6c11\u5e63610\u5104\u5143\uff0c\u4e94\u5bb6\u516c\u53f8\u4f5483%<\\\/h2>\\n  <p class=\\\"claim\\\">\u884c\u696d\u5e73\u5747\u6578\u5c0d\u500b\u5225\u767c\u884c\u4eba\u53c3\u8003\u50f9\u503c\u6709\u9650\u3002\u6e1b\u503c\u91d1\u984d\u8d77\u4f0f\u5927\u4e14\u9ad8\u5ea6\u96c6\u4e2d\uff0c\u4e3b\u8981\u7531\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u627f\u64d4\u3002\u5546\u8b7d\u5e7e\u4e4e\u7121\u95dc\u91cd\u8981\uff1a\u9999\u6e2f\u7926\u696d\u516c\u53f8\u652f\u4ed8\u7684\u6536\u8cfc\u6ea2\u50f9\u4e3b\u8981\u9ad4\u73fe\u5728\u63a1\u7926\u6b0a\u3001\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u4ee5\u53ca\u806f\u71df\u516c\u53f8\u3002<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>FY2019\u201325\u6309\u516c\u53f8\u5283\u5206\u7684\u5df2\u8b58\u5225\u7e3d\u984d\uff08\u4eba\u6c11\u5e63\u767e\u842c\u5143\uff09<\\\/h3><div id=\\\"chartCompany\\\"><\\\/div><p class=\\\"cap\\\">\u5716\u8868\u53ea\u63a1\u7528\u78ba\u5be6\u6578\u5b57\uff0c\u56e0\u6b64\u4e0d\u5305\u62ec\u4ecd\u542b\u5b58\u8ca8\u6487\u6e1b\u7684\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u7e3d\u984d\u53ca\u4ee3\u7528\u6578\u5b57\u3002\u6578\u5b57\u6df7\u5408\u4e86\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u53ca\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u5169\u7a2e\u57fa\u790e\u3002\u4e2d\u570b\u795e\u83ef\u7684\u7e3d\u984d\u53ea\u6db5\u84cbFY2022\u81f3FY2025\u3002\u300c\u5176\u4ed64\u5bb6\u300d\u4e00\u6b04\u5408\u8a08\u8d1b\u92d2\u92f0\u696d\u3001\u9748\u5bf6\u9ec3\u91d1\u3001\u8d64\u5cf0\u9ec3\u91d1\u53ca\u6d1b\u967d\u926c\u696d\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u6309\u8cc7\u7522\u985e\u5225<\\\/h3>\\n      <div class=\\\"strata\\\" id=\\\"strataAsset\\\"><\\\/div><div class=\\\"strata-key\\\" id=\\\"keyAsset\\\"><\\\/div>\\n      <h3 style=\\\"margin-top:10px\\\">\u6309\u5546\u54c1<\\\/h3>\\n      <div class=\\\"strata\\\" id=\\\"strataCommodity\\\"><\\\/div><div class=\\\"strata-key\\\" id=\\\"keyCommodity\\\"><\\\/div>\\n      <p class=\\\"cap\\\">\u63a1\u7926\u6b0a\u4f54\u6bd4\u4e2d\u8d85\u904e\u4e00\u534a\u4f86\u81ea\u55ae\u4e00\u7164\u70ad\u63a2\u7926\u6b0a\uff08\u6c99\u62c9\u5409\u9054\uff0c\u4eba\u6c11\u5e6362.9\u5104\u5143\uff09\uff0c\u8a72\u63a2\u7926\u6b0a\u8207\u98f2\u7528\u6c34\u6c34\u6e90\u4fdd\u8b77\u5340\u91cd\u758a\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n  <h3>\u7d9c\u5408\u7d00\u9304\uff1a\u5df2\u8b58\u5225\u9577\u671f\u8cc7\u7522\u6e1b\u503c\uff0c\u6263\u9664\u64a5\u56de\uff08\u9664\u53e6\u6709\u8a3b\u660e\u5916\uff0c\u4eba\u6c11\u5e63\u767e\u842c\u5143\uff09<\\\/h3>\\n  <div class=\\\"tbl\\\"><table class=\\\"num\\\">\\n    <thead><tr><th>\u516c\u53f8\uff08\u4ee3\u865f\uff09<\\\/th><th>\u6703\u8a08\u57fa\u790e<\\\/th><th class=\\\"r\\\">FY2019<\\\/th><th class=\\\"r\\\">FY2020<\\\/th><th class=\\\"r\\\">FY2021<\\\/th><th class=\\\"r\\\">FY2022<\\\/th><th class=\\\"r\\\">FY2023<\\\/th><th class=\\\"r\\\">FY2024<\\\/th><th class=\\\"r\\\">FY2025<\\\/th><th class=\\\"r\\\">1H2026\u4e2d\u671f<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u7164\u70ad<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u7164\u80fd\u6e90\uff081898\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\uff081H26 IFRS\uff09<\\\/td><td class=\\\"r\\\">\u2264688<\\\/td><td class=\\\"r\\\">56<\\\/td><td class=\\\"r\\\">3,963<\\\/td><td class=\\\"r\\\">8,801<\\\/td><td class=\\\"r\\\">285<\\\/td><td class=\\\"r\\\">464<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">20.7<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u795e\u83ef\uff081088\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\uff0fIFRS<\\\/td><td class=\\\"r\\\">\u22641,905<\\\/td><td class=\\\"r\\\">\u22641,523<\\\/td><td class=\\\"r\\\">\u22641,292<\\\/td><td class=\\\"r\\\">2,883<\\\/td><td class=\\\"r\\\">3,003<\\\/td><td class=\\\"r\\\">362<\\\/td><td class=\\\"r\\\">139<\\\/td><td class=\\\"r\\\">4\u2021<\\\/td><\\\/tr>\\n      <tr><td>\u5157\u7926\u80fd\u6e90\uff081171\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">\u2265480<\\\/td><td class=\\\"r\\\">2,140<\\\/td><td class=\\\"r\\\">\u226440.0<\\\/td><td class=\\\"r\\\">\u226410.7<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u92c1<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u92c1\u696d\uff082600\uff09<\\\/td><td>IFRS\uff0c\u91cd\u5217<\\\/td><td class=\\\"r\\\">564.3<\\\/td><td class=\\\"r\\\">681.3<\\\/td><td class=\\\"r\\\">4,064.7<\\\/td><td class=\\\"r\\\">3,871.4<\\\/td><td class=\\\"r\\\">598.0<\\\/td><td class=\\\"r\\\">2,103.2<\\\/td><td class=\\\"r\\\">3,085.3<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u5b8f\u6a4b\uff081378\uff09<\\\/td><td>\u9999\u6e2f\u8ca1\u52d9\u5831\u544a\u6e96\u5247<\\\/td><td class=\\\"r\\\">1,730.9<\\\/td><td class=\\\"r\\\">492.9<\\\/td><td class=\\\"r\\\">1,560.6<\\\/td><td class=\\\"r\\\">224.8<\\\/td><td class=\\\"r\\\">818.4<\\\/td><td class=\\\"r\\\">2,635.5<\\\/td><td class=\\\"r\\\">497.2<\\\/td><td class=\\\"r\\\">583.3<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u9285\u53ca\u591a\u5143\u5316<\\\/td><\\\/tr>\\n      <tr><td>\u6c5f\u897f\u9285\u696d\uff080358\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\uff081H26 IFRS\uff09<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">144.7<\\\/td><td class=\\\"r\\\">248.1<\\\/td><td class=\\\"r\\\">302.6<\\\/td><td class=\\\"r\\\">1,159.9<\\\/td><td class=\\\"r\\\">386.8<\\\/td><\\\/tr>\\n      <tr><td>\u7d2b\u91d1\u7926\u696d\uff082899\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247<\\\/td><td class=\\\"r\\\">323.3<\\\/td><td class=\\\"r\\\">285.8<\\\/td><td class=\\\"r\\\">528.6<\\\/td><td class=\\\"r\\\">79.5<\\\/td><td class=\\\"r\\\">280.7<\\\/td><td class=\\\"r\\\">372.5<\\\/td><td class=\\\"r\\\">214.0<\\\/td><td class=\\\"r\\\">2.4<\\\/td><\\\/tr>\\n      <tr><td>\u6d1b\u967d\u926c\u696d\uff083993\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">\u2248221<\\\/td><td class=\\\"r\\\">\u224835.2<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">0\u2021<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u9ec3\u91d1<\\\/td><\\\/tr>\\n      <tr><td>\u62db\u91d1\u7926\u696d\uff081818\uff09<\\\/td><td>\u9999\u6e2f\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff1bFY19\u201322\u4ee5\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u66ff\u4ee3<\\\/td><td class=\\\"r\\\">\u2248174.3<\\\/td><td class=\\\"r\\\">\u2248658.6<\\\/td><td class=\\\"r\\\">\u2248242.3<\\\/td><td class=\\\"r\\\">\u2248320<\\\/td><td class=\\\"r\\\">376.8<\\\/td><td class=\\\"r\\\">401.8<\\\/td><td class=\\\"r\\\">1,596.2<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u5c71\u6771\u9ec3\u91d1\uff081787\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247<\\\/td><td class=\\\"r\\\">\u2265108.5<\\\/td><td class=\\\"r\\\">160.5<\\\/td><td class=\\\"r\\\">5.4<\\\/td><td class=\\\"r\\\">0.6<\\\/td><td class=\\\"r\\\">4.3<\\\/td><td class=\\\"r\\\">44.9<\\\/td><td class=\\\"r\\\">793.2<\\\/td><td class=\\\"r\\\">\u22644.0<\\\/td><\\\/tr>\\n      <tr><td>\u9748\u5bf6\u9ec3\u91d1\uff083330\uff09<\\\/td><td>\u9999\u6e2f\u8ca1\u52d9\u5831\u544a\u6e96\u5247<\\\/td><td class=\\\"r\\\">26.3<\\\/td><td class=\\\"r\\\">58.0<\\\/td><td class=\\\"r\\\">10.0<\\\/td><td class=\\\"r\\\">86.9<\\\/td><td class=\\\"r\\\">40.0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u8d64\u5cf0\u9ec3\u91d1\uff086693\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">54<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u92f0<\\\/td><\\\/tr>\\n      <tr><td>\u5929\u9f4a\u92f0\u696d\uff089696\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\uff0fIFRS 23\u201324<\\\/td><td class=\\\"r\\\">5,309.5<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">\u22641.9<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">2,237.7<\\\/td><td class=\\\"r\\\">1<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u8d1b\u92d2\u92f0\u696d\uff081772\uff09<\\\/td><td>\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">83.6<\\\/td><td class=\\\"r\\\">214.6<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><\\\/tr>\\n      <tr class=\\\"total\\\"><td>\u78ba\u5be6\u6578\u5b57\u5408\u8a08\uff08\u4eba\u6c11\u5e63\u767e\u842c\u5143\uff1b\u4e2d\u671f\u4e00\u6b04\u4e0d\u53ef\u6bd4\u8f03\uff09<\\\/td><td>\u6df7\u5408<\\\/td><td class=\\\"r\\\">\u22488,063<\\\/td><td class=\\\"r\\\">\u22481,735<\\\/td><td class=\\\"r\\\">\u224810,612<\\\/td><td class=\\\"r\\\">\u224818,232<\\\/td><td class=\\\"r\\\">\u22485,654<\\\/td><td class=\\\"r\\\">\u22489,008<\\\/td><td class=\\\"r\\\">\u22487,754<\\\/td><td class=\\\"r\\\">\u2248993<\\\/td><\\\/tr>\\n      <tr><td>\u5305\u62ec\u4e0a\u9650\u53ca\u4ee3\u7528\u6578\u5b57\u7684\u5408\u8a08<\\\/td><td>\u6df7\u5408<\\\/td><td class=\\\"r\\\">10,830<\\\/td><td class=\\\"r\\\">4,137<\\\/td><td class=\\\"r\\\">12,182<\\\/td><td class=\\\"r\\\">18,554<\\\/td><td class=\\\"r\\\">5,694<\\\/td><td class=\\\"r\\\">9,019<\\\/td><td class=\\\"r\\\">7,754<\\\/td><td class=\\\"r\\\">1,001<\\\/td><\\\/tr>\\n      <tr class=\\\"memo\\\"><td colspan=\\\"10\\\">\u5099\u5fd8\u9805\u76ee\uff1a\u4ee5\u7f8e\u5143\u5831\u544a\uff0c\u4e26\u4e0d\u8a08\u5165\u4e0a\u8ff0\u5408\u8a08<\\\/td><\\\/tr>\\n      <tr><td>\u4e94\u7926\u8cc7\u6e90\uff081208\uff09\uff0cUS$\u767e\u842c\u5143<\\\/td><td>IFRS<\\\/td><td class=\\\"r\\\">150.0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">53.0<\\\/td><td class=\\\"r\\\">290.0<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <p class=\\\"note\\\">\u95b1\u8b80\u672c\u8868\u9808\u77e5\uff1a\u6a19\u6709\u2264\u7684\u6578\u5b57\u70ba\u4ecd\u5305\u62ec\u5b58\u8ca8\u6487\u6e1b\u7684\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u7e3d\u984d\uff0c\u56e0\u6b64\u5c6c\u4e0a\u9650\u3002\u6a19\u6709\u2265\u7684\u6578\u5b57\u8868\u793a\u53ea\u80fd\u8b58\u5225\u90e8\u5206\u6e1b\u503c\u3002\u6a19\u6709\u2248\u7684\u6578\u5b57\u70ba\u4ee3\u7528\u6578\u5b57\uff1b\u62db\u91d1\u7926\u696dFY2019\u81f3FY2022\u7684\u6578\u5b57\u53d6\u81ea\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u4e0b\u7684\u50b5\u5238\u53ca\u8a55\u7d1a\u6587\u4ef6\u3002\u7834\u6298\u865f\uff08\u2014\uff09\u8868\u793a\u8d64\u5cf0\u9ec3\u91d1\u65bc2025\u5e74\u4e0a\u5e02H\u80a1\u4e4b\u524d\u7684\u5e74\u5ea6\uff0cn.v.\u8868\u793a\u8a72\u5e74\u5ea6\u6578\u5b57\u672a\u80fd\u6838\u5be6\u3002\u6a19\u6709\u2021\u7684\u6578\u5b57\u7d93\u81ea\u52d5\u64f7\u53d6\uff0c\u5c1a\u672a\u5c0d\u7167\u539f\u6587\u4ef6\u8907\u6838\u3002\u5168\u5e74\u6578\u5b57\u7d93\u5be9\u8a08\u3002<b>2026\u5e74\u4e0a\u534a\u5e74\u4e00\u6b04\u5c6c\u4e2d\u671f\u671f\u9593\u3002<\\\/b>\u5927\u90e8\u5206\u767c\u884c\u4eba\u53ea\u5728\u5e74\u7d50\u6642\u9032\u884c\u6e1b\u503c\u6e2c\u8a66\uff0c\u56e0\u6b64\u9019\u4e9b\u6578\u5b57\u50c5\u4f9b\u62ab\u9732\uff0c\u4e0d\u61c9\u8207\u5168\u5e74\u6578\u5b57\u6bd4\u8f03\uff0c\u4ea6\u4e0d\u61c9\u8996\u70ba\u8da8\u52e2\u7684\u4e00\u90e8\u5206\u3002\u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8a08\u7b97\uff0c\u5929\u9f4a\u92f0\u696dFY2021\u5c07\u9304\u5f97\u7d04\u4eba\u6c11\u5e631,617\u767e\u842c\u5143\u7684\u6de8\u64a5\u56de\u3002\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u4e0d\u5bb9\u8a31\u64a5\u56de\u9577\u671f\u8cc7\u7522\u6e1b\u503c\uff0c\u800c\u9999\u6e2f\u6703\u8a08\u6e96\u5247\u7b2c36\u865f\u5247\u898f\u5b9a\u9808\u8a55\u4f30\u64a5\u56de\u3002\u4e94\u7926\u8cc7\u6e90\u4ee5\u7f8e\u5143\u5831\u544a\uff0c\u56e0\u6b64\u5217\u65bc\u5408\u8a08\u4e4b\u4e0b\u4f5c\u5099\u5fd8\u9805\u76ee\uff0c\u4e26\u4e0d\u8a08\u5165\u4eba\u6c11\u5e63\u7e3d\u984d\u3002<\\\/p>\\n\\n  <h3>\u5341\u4e00\u500b\u516c\u53f8\u5e74\u5ea6\u4f54\u7e3d\u984d\u4e09\u5206\u4e4b\u4e8c<\\\/h3>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u516c\u53f8\u5e74\u5ea6<\\\/th><th class=\\\"r\\\">\u4eba\u6c11\u5e63\u767e\u842c\u5143<\\\/th><th>\u4e3b\u8981\u8cc7\u7522<\\\/th><th>\u89f8\u767c\u56e0\u7d20<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u4e2d\u7164\u80fd\u6e90 FY2022<\\\/td><td class=\\\"r\\\">8,801<\\\/td><td>\u6c99\u62c9\u5409\u9054\u63a2\u7926\u6b0a\uff086,285\uff09\uff1b\u653e\u7de9\u958b\u767c\u7684\u7926\u5c71\uff1b\u7164\u5316\u5de5\u3001\u96fb\u529b<\\\/td><td>\u6c34\u6e90\u4fdd\u8b77\u5340\uff1b\u5730\u8cea\u689d\u4ef6\uff1b\u5ef6\u8aa4\uff1b\u539f\u6599\u7164\u6210\u672c\u64e0\u58d3<\\\/td><\\\/tr>\\n      <tr><td>\u5929\u9f4a\u92f0\u696d FY2019<\\\/td><td class=\\\"r\\\">5,310<\\\/td><td>SQM\u80a1\u6b0a\uff08SQM 5,237\uff1bSALA 73\uff09<\\\/td><td>SQM\u92f0\u50f9\u4e0b\u8dcc27.7%\uff1b\u96fb\u52d5\u8eca\u9700\u6c42\u9810\u671f\u4e0b\u8abf\uff08\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\uff0c\u5df2\u66f4\u6b63\uff09<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u92c1\u696d FY2021<\\\/td><td class=\\\"r\\\">4,065<\\\/td><td>\u9592\u7f6e\u53ca\u505c\u7522\u8cc7\u7522\u7d44\uff1b\u92c1\u571f\u7926\u7926\u6b0a<\\\/td><td>\u74b0\u4fdd\u76e3\u7ba1\uff1b\u92c1\u571f\u7926\u7926\u6b0a\u5373\u5c07\u5c46\u6eff<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u92c1\u696d FY2022<\\\/td><td class=\\\"r\\\">3,871<\\\/td><td>\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u53ca\u806f\u71df\u516c\u53f8<\\\/td><td>\u8cc7\u6599\u4f86\u6e90\u672a\u6709\u8aaa\u660e<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u92c1\u696d FY2025<\\\/td><td class=\\\"r\\\">3,085<\\\/td><td>\u56fa\u5b9a\u8cc7\u7522\u3001\u6295\u8cc7\u7269\u696d\u3001\u806f\u71df\u516c\u53f8<\\\/td><td>\u9032\u53e3\u92c1\u571f\u7926\u6c27\u5316\u92c1\u7522\u7dda\u95dc\u9589\uff1b\u9592\u7f6e\u571f\u5730\u88ab\u6536\u56de<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u795e\u83ef FY2023<\\\/td><td class=\\\"r\\\">3,003<\\\/td><td>\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099 2,782<\\\/td><td>\u8cc7\u6599\u4f86\u6e90\u672a\u6709\u8aaa\u660e<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u795e\u83ef FY2022<\\\/td><td class=\\\"r\\\">2,883<\\\/td><td>\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099 2,151\uff1b\u7121\u5f62\u8cc7\u7522 348<\\\/td><td>\u51fa\u73fe\u6e1b\u503c\u8de1\u8c61\u7684\u8a2d\u5099\u53ca\u5099\u4ef6<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u5b8f\u6a4b FY2024<\\\/td><td class=\\\"r\\\">2,636<\\\/td><td>\u5ee0\u623f\u7684\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\uff08\u6bcf\u9593\u5ee0\u623f\u70ba\u4e00\u500b\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\uff09<\\\/td><td>\u5ee0\u623f\u642c\u9077\u53ca\u9000\u5f79<\\\/td><\\\/tr>\\n      <tr><td>\u5929\u9f4a\u92f0\u696d FY2024<\\\/td><td class=\\\"r\\\">2,238<\\\/td><td>Kwinana\u4e8c\u671f\uff1bSQM\uff08\u50c5IFRS\uff09<\\\/td><td>\u9805\u76ee\u65bc2025\u5e741\u6708\u7d42\u6b62<\\\/td><\\\/tr>\\n      <tr><td>\u5157\u7926\u80fd\u6e90 FY2022<\\\/td><td class=\\\"r\\\">2,140<\\\/td><td>Donaldson 806\uff1bMonash\/Harrybrandt\/Athena 1,056\uff1bPremier\u7164\u7926 278<\\\/td><td>\u9810\u671f\u4e0d\u6703\u958b\u767c\uff1b\u50f9\u683c\u4f4e\u65bc\u6210\u672c\uff08\u5df2\u78ba\u8a8d\uff09<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u92c1\u696d FY2024<\\\/td><td class=\\\"r\\\">2,103<\\\/td><td>\u7522\u80fd\u7f6e\u63db\u9805\u76ee<\\\/td><td>\u70ba\u65b0\u9805\u76ee\u9000\u51fa 964\uff1b\u6a19\u6e96 187\uff1b\u4e0d\u7d93\u6fdf\u7522\u80fd 466<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"cycle\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">3 \u00b7 \u5546\u54c1\u9031\u671f<\\\/span><h2>\u6487\u6e1b\u5728\u666f\u6c23\u671f\u898b\u9802\uff0c\u800c\u975e\u4f4e\u8ff7\u671f<\\\/h2>\\n  <p class=\\\"claim\\\">FY2022\u7d10\u5361\u7d20\u7164\u50f9\u5e73\u5747\u6bcf\u5678US$345\uff0c\u8a72\u5e74\u70ba\u6e1b\u503c\u9ad8\u5cf0\uff0c\u7d04\u4eba\u6c11\u5e63182\u5104\u5143\u3002\u65b0\u51a0\u75ab\u60c5\u7684FY2020\u5247\u70ba\u4f4e\u4f4d\u3002\u570b\u6709\u96c6\u5718\u5229\u7528\u5275\u7d00\u9304\u76c8\u5229\uff0c\u6e05\u7406\u64f1\u6dfa\u7684\u63a2\u7926\u6b0a\u3001\u653e\u7de9\u958b\u767c\u7684\u7926\u5c71\u53ca\u53d7\u653f\u7b56\u5f71\u97ff\u7684\u5ee0\u623f\u3002FY2025\uff0c\u9ec3\u91d1\u96c6\u5718\u5728\u91d1\u50f9\u5275\u65b0\u9ad8\u4e4b\u969b\u78ba\u8a8d\u5176\u6700\u5927\u984d\u6e1b\u503c\uff0c\u539f\u56e0\u5728\u65bc\u724c\u7167\u53ca\u904e\u6642\u5ee0\u623f\u3002<\\\/p><\\\/div>\\n  <div class=\\\"panel\\\"><h3>\u9999\u6e2f\u4e0a\u5e02\u5927\u578b\u4f01\u696d\u6bcf\u500b\u5b8c\u6574\u5e74\u5ea6\u7684\u5df2\u8b58\u5225\u6e1b\u503c\uff08\u68d2\u689d\uff0c\u4eba\u6c11\u5e63\u767e\u842c\u5143\uff09\u8207\u7d10\u5361\u7d20\u7164\u50f9\uff08\u7dda\uff0c\u6bcf\u5678\u7f8e\u5143\uff09\u6bd4\u8f03<\\\/h3>\\n    <div class=\\\"legend\\\"><span><i style=\\\"background:var(--s1)\\\"><\\\/i>\u6e1b\u503c\uff0c\u4eba\u6c11\u5e63\u767e\u842c\u5143<\\\/span><span><i style=\\\"background:var(--s2)\\\"><\\\/i>\u7d10\u5361\u7d20\u7164\u50f9\uff0cUS$\uff0f\u5678\uff08\u4e16\u754c\u9280\u884c\u5e74\u5ea6\u5e73\u5747\uff09<\\\/span><\\\/div>\\n    <div id=\\\"chartCycle\\\"><\\\/div>\\n    <p class=\\\"cap\\\">\u5716\u8868\u53ea\u986f\u793a\u5b8c\u6574\u8ca1\u653f\u5e74\u5ea6\u3002\u7531\u65bc\u5927\u90e8\u5206\u767c\u884c\u4eba\u53ea\u5728\u5e74\u7d50\u6642\u9032\u884c\u6e1b\u503c\u6e2c\u8a66\uff0c\u56e0\u6b64\u4e0d\u5305\u62ec2026\u5e74\u4e0a\u534a\u5e74\u7684\u4e2d\u671f\u6578\u5b57\u3002\u4f5c\u70ba\u6bd4\u8f03\uff0c\u666e\u83ef\u6c38\u9053\u7d71\u8a08\u7684\u5168\u740340\u5927\u7926\u696d\u516c\u53f8\u6e1b\u503c\u9ad8\u5cf0\u665a\u4e00\u5e74\u51fa\u73fe\uff0c\u65bc2023\u5e74\u9054180\u5104\u7f8e\u5143\uff0c\u539f\u56e0\u662f\u96fb\u6c60\u91d1\u5c6c\u50f9\u683c\u4e0b\u8dcc\u53ca\u5229\u7387\u4e0a\u5347\u3002<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>\u9ad8\u7164\u50f9\u5f15\u767c\u6e1b\u503c<\\\/h3><p class=\\\"cap\\\">2022\u5e74\u4e0a\u534a\u5e74\uff0c\u4e2d\u7164\u80fd\u6e90\u5c31\u4e00\u500b\u7164\u5316\u5de5\u55ae\u4f4d\uff08\u4eba\u6c11\u5e63723\u767e\u842c\u5143\uff09\u53ca\u4e00\u9593\u81ea\u5099\u96fb\u5ee0\uff08\u4eba\u6c11\u5e63258\u767e\u842c\u5143\uff09\u8a08\u63d0\u6e1b\u503c\uff0c\u5169\u8005\u5747\u56e0\u539f\u6599\u7164\u6602\u8cb4\u800c\u8667\u640d\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u92c1\u696d\u8ddf\u96a8\u653f\u7b56\u800c\u975e\u50f9\u683c<\\\/h3><p class=\\\"cap\\\">\u4e2d\u570b\u92c1\u696d\u53ca\u4e2d\u570b\u5b8f\u6a4b\u56e0\u61c9\u80fd\u6e90\u53ca\u74b0\u4fdd\u653f\u7b56\u642c\u9077\u6216\u7f6e\u63db\u7522\u80fd\u800c\u5c0d\u5ee0\u623f\u8a08\u63d0\u6e1b\u503c\uff0c\u8207LME\u50f9\u683c\u7121\u95dc\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u50f9\u683c\u7be9\u67e5\u6703\u907a\u6f0f\u5927\u90e8\u5206\u6e1b\u503c<\\\/h3><p class=\\\"cap\\\">\u50c5\u4ee5\u5546\u54c1\u50f9\u683c\u70ba\u4f9d\u64da\u7684\u6e1b\u503c\u8de1\u8c61\u6aa2\u8a0e\uff0c\u6703\u907a\u6f0f\u9999\u6e2f\u6700\u5927\u984d\u7684\u6e1b\u503c\u3002\u771f\u6b63\u95dc\u9375\u7684\u6e1b\u503c\u8de1\u8c61\u662f\u6cd5\u5f8b\u3001\u751f\u614b\u53ca\u653f\u7b56\u4e8b\u4ef6\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u4e0b\u884c\u9031\u671f\u6253\u64ca\u7684\u662f\u53e6\u4e00\u6279\u516c\u53f8<\\\/h3><p class=\\\"cap\\\">2023\u201325\u5e74\u7164\u70ad\u5927\u578b\u4f01\u696d\u7684\u6e1b\u503c\u6536\u7a84\uff0c\u5c0f\u578b\u7164\u70ad\u751f\u7522\u5546\u63a5\u68d2\uff1a\u98db\u5c1a\u7121\u7159\u7164\u4eba\u6c11\u5e63628\u767e\u842c\u5143\u3001\u8499\u53e4\u80fd\u6e90HK$1,299\u767e\u842c\u5143\u3001\u5357\u6208\u58c1US$42\u767e\u842c\u5143\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"commodity\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">4 \u00b7 \u6309\u5546\u54c1<\\\/span><h2>\u6bcf\u7a2e\u5546\u54c1\u5404\u6709\u5176\u6e1b\u503c\u6a21\u5f0f<\\\/h2><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u5546\u54c1<\\\/th><th class=\\\"r\\\">\u4f54\u6bd4<\\\/th><th>\u4e3b\u8981\u8cc7\u7522<\\\/th><th>\u5178\u578b\u89f8\u767c\u56e0\u7d20<\\\/th><th>\u4e3b\u8981\u4f8b\u5b50<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u92c1\u53ca\u6c27\u5316\u92c1<\\\/td><td class=\\\"r\\\">\u224838%<\\\/td><td>\u51b6\u7149\u5ee0\u53ca\u7cbe\u7149\u5ee0\u7684\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099<\\\/td><td>\u7522\u80fd\u642c\u9077\uff1b\u74b0\u4fdd\u53ca\u5b89\u5168\u6a19\u6e96\uff1b\u9592\u7f6e\u7522\u7dda<\\\/td><td>\u4e2d\u570b\u92c1\u696d2021\u201325\uff1b\u4e2d\u570b\u5b8f\u6a4b\uff1b\u4fc4\u92c1<\\\/td><\\\/tr>\\n      <tr><td>\u7164\u70ad<\\\/td><td class=\\\"r\\\">\u224837%<\\\/td><td>\u63a2\u7926\u6b0a\u3001\u653e\u7de9\u958b\u767c\u7684\u7926\u5c71\u3001\u5316\u5de5\u53ca\u96fb\u529b\u7684\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099<\\\/td><td>\u751f\u614b\u7d05\u7dda\u3001\u5730\u8cea\u3001\u5ef6\u8aa4\uff1b\u5c0f\u578b\u4f01\u696d\uff1a\u50f9\u683c\u53ca\u724c\u7167<\\\/td><td>\u6c99\u62c9\u5409\u9054\uff1b\u4e2d\u570b\u795e\u83ef\uff1b\u5157\u7926\u80fd\u6e90\uff1b\u4f0a\u6cf0\u7164\u70ad\uff1b\u8499\u53e4\u80fd\u6e90<\\\/td><\\\/tr>\\n      <tr><td>\u92f0<\\\/td><td class=\\\"r\\\">\u224813%<\\\/td><td>\u80a1\u6b0a\u6295\u8cc7\u3001\u4e0b\u6e38\u52a0\u5de5<\\\/td><td>\u50f9\u683c\u4f4e\u8c37\uff1b\u667a\u5229\u7ba1\u6cbb\uff1b\u9805\u76ee\u7d42\u6b62<\\\/td><td>\u5929\u9f4a\u92f0\u696dSQM\u3001Kwinana<\\\/td><\\\/tr>\\n      <tr><td>\u9ec3\u91d1<\\\/td><td class=\\\"r\\\">\u22486%<\\\/td><td>\u7926\u5c71\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u3001\u63a1\u7926\u6b0a\u3001\u5546\u8b7d<\\\/td><td>\u6c34\u6e90\u5340\u724c\u7167\u672a\u7372\u7e8c\u671f\uff1b\u904e\u6642\u5ee0\u623f<\\\/td><td>\u62db\u91d1\u7926\u696d\uff1b\u5c71\u6771\u9ec3\u91d1\uff1b\u8d64\u5cf0\u9ec3\u91d1<\\\/td><\\\/tr>\\n      <tr><td>\u9285\u3001\u9237\u3001\u591a\u5143\u5316<\\\/td><td class=\\\"r\\\">\u22486%<\\\/td><td>\u5c3e\u7926\u53ca\u571f\u5730\u5229\u7528\u76f8\u95dc\u5728\u5efa\u5de5\u7a0b\uff1b\u525b\u679c\uff08\u91d1\uff09\u8cc7\u7522<\\\/td><td>\u571f\u5730\u5229\u7528\u898f\u5283\uff1b\u525b\u679c\uff08\u91d1\uff09\u9237\u51fa\u53e3\u7981\u4ee4\u3001\u96fb\u529b\u3001\u8ca1\u653f\u5236\u5ea6<\\\/td><td>\u6c5f\u897f\u9285\u696d\uff1b\u4e94\u7926\u8cc7\u6e90Kinsevere<\\\/td><\\\/tr>\\n      <tr><td>\u9435\u7926\u77f3<\\\/td><td class=\\\"r\\\">n\/a<\\\/td><td>\u7926\u5c71\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u3001\u52d8\u63a2\u53ca\u8a55\u4f30\u8cc7\u7522<\\\/td><td>\u76e7\u5e03\u8d70\u5f37\u3001\u5236\u88c1\uff1b\u724c\u7167\u88ab\u64a4\u92b7<\\\/td><td>\u9435\u6c5f\u73fe\u8ca8\uff1b\u4e2d\u570b\u91e9\u9226\uff1b\u7f55\u738b\u9ec3\u91d1<\\\/td><\\\/tr>\\n      <tr><td>\u93b3\u3001\u91e9\u3001\u926c\u3001\u7a00\u571f<\\\/td><td class=\\\"r\\\">n\/a<\\\/td><td>\u63a2\u7926\u6b0a\u53ca\u63a1\u7926\u6b0a<\\\/td><td>\u81ea\u7136\u4fdd\u8b77\u5340\uff1b\u80fd\u8017\u6a19\u6e96\uff1b\u5b89\u5168\u751f\u7522\u8a31\u53ef<\\\/td><td>\u65b0\u946b\u7926\u696d\uff1b\u5317\u65b9\u7926\u696d\uff1b\u529b\u52e4\u8cc7\u6e90<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <p class=\\\"note\\\">\u9435\u6c5f\u73fe\u8ca8\u986f\u793a\u532f\u7387\u5f71\u97ff\u53ef\u5927\u65bc\u50f9\u683c\uff1aFY2025\u5176K&S\u53ef\u6536\u56de\u91d1\u984d\u4e0b\u8dcc\u7d0448%\uff08\u7531US$268.1\u767e\u842c\u5143\u964d\u81f3US$139.9\u767e\u842c\u5143\uff09\uff0c\u4e3b\u8981\u56e0\u76e7\u5e03\u5347\u503c\uff0c\u5118\u7ba1\u5176\u9435\u7926\u77f3\u50f9\u683c\u5047\u8a2d\u53ca\u7522\u91cf\u5747\u6709\u4e0a\u5347\u3002<\\\/p>\\n<\\\/section>\\n\\n<section id=\\\"h1-2026\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">5 \u00b7 \u4e2d\u671f\u671f\u9593<\\\/span><h2>1H2026\u4e2d\u671f\u62ab\u9732\uff1a\u5831\u544a\u4e86\u751a\u9ebc\u53ca\u5982\u4f55\u89e3\u8b80<\\\/h2>\\n  <p class=\\\"claim\\\">\u5927\u90e8\u5206\u9999\u6e2f\u4e0a\u5e02\u7926\u696d\u516c\u53f8\u5728\u8ca1\u653f\u5e74\u5ea6\u7d50\u675f\u6642\u624d\u9032\u884c\u5168\u9762\u6e1b\u503c\u6e2c\u8a66\uff0c\u65bc\u4e2d\u671f\u65e5\u901a\u5e38\u53ea\u8a55\u4f30\u662f\u5426\u51fa\u73fe\u65b0\u7684\u6e1b\u503c\u8de1\u8c61\u3002\u56e0\u6b64\uff0c\u4e2d\u671f\u6578\u5b57\u50c5\u8a18\u9304\u534a\u5e74\u5167\u7684\u62ab\u9732\u5167\u5bb9\uff0c\u4e26\u975e\u8da8\u52e2\uff0c\u4e0d\u61c9\u8207\u5168\u5e74\u7e3d\u984d\u6bd4\u8f03\uff0c\u4ea6\u4e0d\u61c9\u89e3\u8b80\u70ba\u6e1b\u503c\u4e0b\u964d\u3002<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>1H2026\u4e2d\u671f\u5831\u544a\u62ab\u9732\u7684\u9577\u671f\u8cc7\u7522\u6e1b\u503c\u53ca\u5b58\u8ca8\u6487\u6e1b\uff08\u4eba\u6c11\u5e63\u767e\u842c\u5143\uff09<\\\/h3><div id=\\\"chartH1\\\"><\\\/div><p class=\\\"cap\\\">\u4ee5\u4e0a\u70ba\u672a\u7d93\u5be9\u8a08\u7684\u4e2d\u671f\u6578\u5b57\uff0c\u50c5\u4f9b\u62ab\u9732\u3002\u6c5f\u897f\u9285\u696d\u6309\u8cc7\u7522\u985e\u5225\u5283\u5206\u7684\u6578\u5b57\u7d93\u81ea\u52d5\u64f7\u53d6\uff0c\u5c1a\u672a\u5c0d\u7167\u539f\u6587\u4ef6\u8907\u6838\uff08\u2021\uff09\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u4e2d\u671f\u5831\u544a\u62ab\u9732\u7684\u5167\u5bb9<\\\/h3>\\n      <p class=\\\"cap\\\"><b>\u6e1b\u503c\u3002<\\\/b>\u9577\u671f\u8cc7\u7522\u6e1b\u503c\u96c6\u4e2d\u65bc\u4e2d\u570b\u5b8f\u6a4b\uff08\u4eba\u6c11\u5e63583\u767e\u842c\u5143\uff0c\u5ee0\u623f\u642c\u9077\uff09\u53ca\u6c5f\u897f\u9285\u696d\uff08\u4eba\u6c11\u5e63387\u767e\u842c\u5143\uff09\u3002\u6700\u5927\u7684\u640d\u76ca\u9805\u76ee\u70ba\u6c5f\u897f\u9285\u696d\u4eba\u6c11\u5e6324.9\u5104\u5143\u7684\u5b58\u8ca8\u6487\u6e1b\uff0c\u9019\u4e26\u975e\u8cc7\u7522\u6e1b\u503c\u3002<\\\/p>\\n      <p class=\\\"cap\\\"><b>\u64a5\u56de\u3002<\\\/b>\u6c92\u6709\u5927\u578b\u4f01\u696d\u5831\u544a\u64a5\u56de\u3002\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u5831\u544a\u516c\u53f8\uff08\u7d2b\u91d1\u7926\u696d\u3001\u6d1b\u967d\u926c\u696d\u3001\u4e2d\u570b\u92c1\u696d\u3001\u8d1b\u92d2\u92f0\u696d\u3001\u5929\u9f4a\u92f0\u696d\u3001\u5c71\u6771\u9ec3\u91d1\u3001\u8d64\u5cf0\u9ec3\u91d1\uff09\u4e0d\u80fd\u64a5\u56de\u9577\u671f\u8cc7\u7522\u6e1b\u503c\u3002\u4e94\u7926\u8cc7\u6e90\u8868\u793a\u4efb\u4f55\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\u5747\u300c\u4e26\u7121\u6e1b\u503c\u6216\u6e1b\u503c\u64a5\u56de\u8de1\u8c61\u300d\u3002<\\\/p>\\n      <p class=\\\"cap\\\"><b>\u503c\u5f97\u95dc\u6ce8\u3002<\\\/b>FY2026\u5e74\u7d50\u6642\u7684\u5168\u9762\u6e2c\u8a66\uff0c\u5c46\u6642\u5275\u7d00\u9304\u7684\u91d1\u50f9\u548c\u9285\u50f9\u5c07\u8207\u66f4\u9ad8\u7684\u7f8e\u5143\u6298\u73fe\u7387\u76f8\u9047\uff08\u898b\u4e0b\u4e00\u7bc0\uff09\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"fy2026\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">6 \u00b7 FY2026\u5e74\u7d50<\\\/span><h2>\u64a5\u56de\u6e2c\u8a66\u9047\u4e0a\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/h2>\\n  <p class=\\\"claim\\\">FY2026\u662fIFRS\u5831\u544a\u516c\u53f8\u9996\u500b\u6709\u5408\u7406\u53ef\u80fd\u64a5\u56de\u7684\u5e74\u7d50\u30022026\u5e749\u670822\u65e5\u73fe\u8ca8\u91d1\u50f9\u70ba\u6bcf\u76ce\u53f8US$4,313\uff0cLME\u9285\u50f9\u5275\u4e0b\u6bcf\u5678US$14,875\u7684\u7d00\u9304\uff0c\u4f46\u5132\u91cf\u50f9\u683c\u5047\u8a2d\u9060\u4f4e\u65bc\u6b64\uff08\u7d10\u8499\u7279\u6bcf\u76ce\u53f8US$2,000\uff1b\u5df4\u91cc\u514b\u6bcf\u76ce\u53f8US$1,500\uff09\u3002\u806f\u5132\u5c40\u65bc2026\u5e749\u670816\u65e5\u52a0\u606f\uff0c\u7f8e\u570b10\u5e74\u671f\u570b\u50b5\u6536\u76ca\u7387\u5347\u81f3\u7d044.8\u20135.3%\u3002\u4e2d\u570b\u4fee\u8a02\u5f8c\u7684\u300a\u7926\u7522\u8cc7\u6e90\u6cd5\u300b\u5c07\u63a1\u7926\u6b0a\u5e74\u671f\u4e0a\u9650\u5b9a\u70ba30\u5e74\u3002\u9996\u5b97\u9999\u6e2f\u4e0a\u5e02\u9ec3\u91d1\u516c\u53f8\u64a5\u56de\u5df2\u6709\u7d00\u9304\uff1a\u58c7\u91d1\u7926\u696d\u7e7cFY3\/2022\u64a5\u56deHK$125\u767e\u842c\u5143\u5f8c\uff0c\u65bc\u622a\u81f32026\u5e743\u6708\u6b62\u5e74\u5ea6\u56e0\u91d1\u50f9\u64a5\u56deHK$428\u767e\u842c\u5143\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u8cc7\u7522\u985e\u578b<\\\/th><th>\u50f9\u683c\u5c0d\u6bd4FY2025<\\\/th><th>\u5229\u7387<\\\/th><th>\u653f\u7b56\u53ca\u5730\u7de3\u653f\u6cbb<\\\/th><th>FY2026\u6de8\u4fe1\u865f<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u91d1\u7926<\\\/td><td>\u5927\u5e45\u4e0a\u5347\uff082026\u5e748\u6708\u6bcf\u76ce\u53f8US$4,411\uff09<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u7926\u6b0a\u8cbb\u53ca\u66b4\u5229\u7a05\u98a8\u96aa<\\\/td><td><span class=\\\"sig up\\\">\u64a5\u56de\u5019\u9078\uff0c\u50c5\u9650IFRS<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u9285<\\\/td><td>\u5275\u7d00\u9304\u9ad8\u4f4d<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u79d8\u9b6f\u3001\u525b\u679c\uff08\u91d1\uff09\u3001\u8499\u53e4\u7684\u5e72\u64fe<\\\/td><td><span class=\\\"sig up\\\">\u7de9\u885d\u7a7a\u9593\u6216\u64a5\u56de\uff1b\u6e2c\u8a66\u4e8b\u4ef6\u98a8\u96aa<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u92f0<\\\/td><td>\u6bcf\u5678\u4eba\u6c11\u5e6315\u201316\u842c\u5143\uff0c\u5c0d\u6bd4\u4f4e\u8c37\u4eba\u6c11\u5e636\u842c\u5143<\\\/td><td>\u597d\u6de1\u53c3\u534a<\\\/td><td>\u6c5f\u897f\u724c\u7167\uff1b\u6d25\u5df4\u5e03\u97cb\u7981\u4ee4\uff1b\u667a\u5229<\\\/td><td><span class=\\\"sig mid\\\">\u53ef\u80fd\u51fa\u73feIFRS\u64a5\u56de\uff1b\u5df2\u653e\u68c4\u9805\u76ee\u4ecd\u7dad\u6301\u6e1b\u503c<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u9237\uff08\u525b\u679c\uff08\u91d1\uff09\uff09<\\\/td><td>\u9ad8\u4f4d\u4f46\u56de\u843d<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u51fa\u53e3\u914d\u984d<\\\/td><td><span class=\\\"sig mid\\\">\u4e2d\u6027\u81f3\u8ca0\u9762<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u93b3<\\\/td><td>\u6bcf\u5678\u7d04US$16,500\uff0c\u75b2\u5f31<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u5370\u5c3c\u914d\u984d<\\\/td><td><span class=\\\"sig down\\\">\u6e1b\u503c\u98a8\u96aa\u6301\u7e8c<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u9435\u7926\u77f3<\\\/td><td>\u6bcf\u5678\u4f4e\u65bcUS$100<\\\/td><td>\u2014<\\\/td><td>\u4e2d\u570b\u623f\u5730\u7522<\\\/td><td><span class=\\\"sig down\\\">\u9ad8\u6210\u672c\u751f\u7522\u5546\u6709\u98a8\u96aa<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u570b\u52d5\u529b\u7164<\\\/td><td>\u6bcf\u5678\u4eba\u6c11\u5e63983\u5143\uff0c\u5c0d\u6bd42025\u5e74\u5e73\u5747\u4eba\u6c11\u5e63697\u5143<\\\/td><td>\u4eba\u6c11\u5e63\u5229\u7387\u4f4e<\\\/td><td>\u724c\u7167\u5c46\u6eff\u3001\u7d05\u7dda\u9000\u51fa<\\\/td><td><span class=\\\"sig mid\\\">\u724c\u7167\u53ca\u95dc\u9589\u5e36\u52d5\u7684\u6e1b\u503c\u6301\u7e8c<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u5e7e\u5167\u4e9e\u92c1\u571f\u7926\uff0f\u6c27\u5316\u92c1<\\\/td><td>\u8f032025\u5e74\u9ad8\u4f4d\u4f4e20\u201335%<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u724c\u7167\u88ab\u64a4\u92b7<\\\/td><td><span class=\\\"sig down\\\">\u6e1b\u503c\u8de1\u8c61<\\\/span><\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"size\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">7 \u00b7 \u6309\u516c\u53f8\u898f\u6a21<\\\/span><h2>\u8f03\u5c0f\u578b\u7926\u696d\u516c\u53f8\u9762\u5c0d\u5168\u6709\u6216\u5168\u7121\u3001\u7531\u8a31\u53ef\u9a45\u52d5\u4e14\u7d93\u5e38\u64a5\u56de\u7684\u6487\u6e1b<\\\/h2>\\n  <p class=\\\"claim\\\">\u898f\u6a21\u6539\u8b8a\u7684\u4e0d\u50c5\u662f\u98a8\u96aa\u5927\u5c0f\uff0c\u9084\u6709\u98a8\u96aa\u985e\u578b\u3002\u7d2b\u91d1\u7926\u696dFY2025\u7684\u6e1b\u503c\u7d04\u4f54\u5176\u53d7\u6e2c\u8a66\u8cc7\u7522\u76840.09%\u3002\u5c0f\u578b\u4f01\u696d\u4e00\u5e74\u5167\u640d\u5931\u8cc7\u7522\u56db\u5206\u4e4b\u4e00\u6216\u4ee5\u4e0a\u5c6c\u5e38\u898b\uff0c\u724c\u7167\u88ab\u64a4\u92b7\u6642\u5c07\u8cc7\u7522\u6487\u6e1b\u81f3\u96f6\uff0c\u5176\u64a5\u56de\u4ea6\u6703\u88ab\u6838\u6578\u5e2b\u51fa\u5177\u4fdd\u7559\u610f\u898b\u3002\u6642\u9593\u9ede\u4ea6\u6709\u4e0d\u540c\uff1aFY2020\u662f\u5927\u578b\u4f01\u696d\u7684\u4f4e\u4f4d\uff0c\u537b\u662f\u8f03\u5c0f\u578b\u767c\u884c\u4eba\u7684\u9ad8\u5cf0\uff0c\u4e2d\u570b\u79e6\u767c\uff08\u4eba\u6c11\u5e6339.4\u5104\u5143\uff09\u3001\u7063\u5340\u9ec3\u91d1\uff08HK$22.7\u5104\u5143\uff09\u53ca\u5317\u65b9\u7926\u696d\uff08HK$17.7\u5104\u5143\uff09\u5747\u65bc\u8a72\u5e74\u78ba\u8a8d\u5176\u6700\u5927\u984d\u6e1b\u503c\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u7dad\u5ea6<\\\/th><th>\u5927\u578b\u4f01\u696d<\\\/th><th>\u4e2d\u578b\u4f01\u696d<\\\/th><th>\u5c0f\u578b\u4f01\u696d<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u898f\u6a21\u76f8\u5c0d\u8cc7\u7522\u8ca0\u50b5\u8868<\\\/td><td>\u6975\u5c0f\uff08\u7d2b\u91d1\u7926\u696d\u7d040.09%\uff1b\u4e2d\u7164\u80fd\u6e90FY2022\u7d045%\uff09<\\\/td><td>\u4e2d\u7b49\u3001\u6ce2\u52d5\uff08\u9435\u6c5f\u73fe\u8ca8\u221248%\uff1b\u4fc4\u92c1\u6de8\u984d\u7d04US$18.4\u5104\u5143\uff09<\\\/td><td>\u9f90\u5927\uff08\u4e2d\u8b7d\u96c6\u5718\u7d04\u4f54\u6de8\u8cc7\u752225%\uff1b\u80fd\u6e90\u53ca\u80fd\u91cf\u74b0\u7403\u7d0436%\uff0c\u5176\u5f8c100%\uff09<\\\/td><\\\/tr>\\n      <tr><td>\u4e3b\u8981\u89f8\u767c\u56e0\u7d20<\\\/td><td>\u653f\u7b56\u3001\u751f\u614b\u3001\u7522\u80fd\u7f6e\u63db\u3001\u5730\u8cea<\\\/td><td>\u532f\u7387\u3001\u5236\u88c1\u3001\u8a31\u53ef\u3001\u80fd\u8017\u6a19\u6e96<\\\/td><td>\u724c\u7167\u5c46\u6eff\u6216\u88ab\u64a4\u92b7\u3001\u5b89\u5168\u751f\u7522\u8a31\u53ef\u3001\u8cc7\u91d1<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <div class=\\\"panel\\\"><h3>\u90e8\u5206\u4e2d\u5c0f\u578b\u4f01\u696d\u7684\u6e1b\u503c\uff08+\uff09\u53ca\u64a5\u56de\uff08\u2212\uff09\uff0c\u4ee5\u5404\u767c\u884c\u4eba\u5831\u544a\u8ca8\u5e63\u7684\u767e\u842c\u5143\u8a08<\\\/h3><div id=\\\"chartSwings\\\"><\\\/div><p class=\\\"cap\\\">\u6bcf\u5bb6\u767c\u884c\u4eba\u5747\u4ee5\u5176\u672c\u8eab\u7684\u5831\u544a\u8ca8\u5e63\uff08\u4eba\u6c11\u5e63\u3001\u6e2f\u5143\u6216\u7f8e\u5143\uff09\u5217\u793a\uff0c\u4e26\u672a\u63db\u7b97\u3002\u68d2\u689d\u986f\u793a\u6bcf\u9805\u8b8a\u52d5\u7684\u65b9\u5411\u53ca\u5927\u7d04\u898f\u6a21\uff0c\u4e26\u975e\u767c\u884c\u4eba\u4e4b\u9593\u7684\u7cbe\u78ba\u50f9\u503c\u6bd4\u8f03\u3002<\\\/p><\\\/div>\\n  <div class=\\\"trends\\\">\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fA<\\\/span><h3>\u5728\u4e2d\u570b\uff0c\u8a31\u53ef\u93c8\u662f\u89f8\u767c\u56e0\u7d20<\\\/h3><p class=\\\"cap\\\">\u7926\u5c71\u9700\u8981\u63a1\u7926\u8a31\u53ef\u8b49\u3001\u5b89\u5168\u751f\u7522\u8a31\u53ef\u8b49\u3001\u74b0\u5883\u5be9\u6279\u53ca\u571f\u5730\u4f7f\u7528\u6b0a\uff0c\u4efb\u4f55\u4e00\u74b0\u51fa\u73fe\u5ef6\u8aa4\u90fd\u6703\u63a8\u9072\u4f30\u503c\u4e2d\u7684\u5fa9\u7522\u65e5\u671f\u3002\u5317\u65b9\u7926\u696d\u7684\u63a1\u7926\u8a31\u53ef\u8b49\u5df2\u7e8c\u671f\u81f32034\u5e74\uff0c\u4f46\u5728\u7b49\u5f85\u5b89\u5168\u751f\u7522\u8a31\u53ef\u8b49\u671f\u9593\uff0c\u4ecd\u65bcFY2024\u78ba\u8a8dHK$364\u767e\u842c\u5143\u6e1b\u503c\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fB<\\\/span><h3>\u6d77\u5916\u724c\u7167\u884c\u52d5\u975e\u6b64\u5373\u5f7c<\\\/h3><p class=\\\"cap\\\">\u4e2d\u8b49\u570b\u969b\u5c07\u5370\u5c3c\u7164\u70ad\u52d8\u63a2\u53ca\u8a55\u4f30\u8cc7\u7522\u6487\u6e1b\u81f3\u96f6\uff0c\u5176\u5f8c\u724c\u7167\u6062\u5fa9\u6642\u537b\u672a\u80fd\u70ba\u64a5\u56de\u63d0\u4f9b\u8b49\u64da\u3002\u80fd\u6e90\u53ca\u80fd\u91cf\u74b0\u7403\u6487\u92b7HK$14.5\u5104\u5143\uff0c\u5176\u5f8c\u5728\u83ab\u65af\u79d1\u6cd5\u9662\u88c1\u6c7a\u5f8c\u64a5\u56de\u7d04HK$13.9\u5104\u5143\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fC<\\\/span><h3>\u6838\u6578\u5e2b\u5c0d\u64a5\u56de\u63d0\u51fa\u8cea\u7591<\\\/h3><p class=\\\"cap\\\">\u6838\u6578\u5e2b\u5c31\u64a5\u56de\u672c\u8eab\u767c\u51fa\u4fdd\u7559\u610f\u898b\u7684\u500b\u6848\u5305\u62ec\u532f\u529b\u8cc7\u6e90\uff08FY2019\uff09\u3001\u4e2d\u8b49\u570b\u969b\uff08FY6\/2024\uff09\u53ca\u8499\u53e4\u80fd\u6e90\uff08FY3\/2026\uff09\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fD<\\\/span><h3>\u6280\u8853\u6578\u64da\u904e\u6642<\\\/h3><p class=\\\"cap\\\">\u5fa9\u8208\u4e9e\u6d32\u4f9d\u64da2015\u5e74\u5831\u544a\u3001\u63a1\u752850%\u63a8\u65b7\u8cc7\u6e90\u91cf\u70ba\u4e00\u9805\u91d1\u7926\u6b0a\u4f30\u503c\u3002\u5e03\u840a\u514b\u842c\u7926\u696d\u7684\u8cc7\u6e90\u91cf\u81ea2018\u5e74\u672a\u6709\u8b8a\u52d5\uff0c\u800c\u52d8\u63a2\u53ca\u8a55\u4f30\u8cc7\u7522\u4f54\u5176\u8cc7\u752296\u201399%\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fE<\\\/span><h3>\u6536\u8cfc\u7684\u7926\u5c71\u5f88\u5feb\u6e1b\u503c<\\\/h3><p class=\\\"cap\\\">\u4e2d\u8b7d\u96c6\u5718\u5728\u6536\u8cfcGrande Cache\u7d0422\u500b\u6708\u5f8c\uff0c\u5c31\u5176\u6e1b\u503cUS$93.85\u767e\u842c\u5143\u3002\u512a\u6d3e\u80fd\u6e90\u6301\u6709HK$240\u5104\u5143\u5f9e\u672a\u9032\u884c\u6e1b\u503c\u6e2c\u8a66\u7684\u8cc7\u7522\uff0c\u6700\u7d42\u88ab\u9664\u724c\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fF<\\\/span><h3>\u7121\u4fdd\u7559\u610f\u898b\u4e26\u975e\u8b49\u660e<\\\/h3><p class=\\\"cap\\\">\u4e2d\u570b\u7a00\u571fFY2024\u7372\u7121\u4fdd\u7559\u610f\u898b\u4e26\u4ee5\u6e1b\u503c\u70ba\u95dc\u9375\u5be9\u8a08\u4e8b\u9805\uff1b\u5176\u5f8c\u63ed\u767c\u96b1\u779e\u9644\u5c6c\u516c\u53f8\u8cb8\u6b3e\uff0c\u80a1\u4efd\u73fe\u5df2\u505c\u724c\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"rates\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">8 \u00b7 \u95dc\u9375\u5047\u8a2d<\\\/span><h2>\u6298\u73fe\u7387\u4ecb\u4e4e7%\u81f338%\uff0c\u57fa\u790e\u5f80\u5f80\u4e0d\u660e\u78ba<\\\/h2>\\n  <p class=\\\"claim\\\">\u6574\u9ad4\u6392\u5e8f\u5927\u81f4\u5408\u7406\uff0c\u958b\u767c\u968e\u6bb5\u53ca\u570b\u5bb6\u98a8\u96aa\u63a8\u9ad8\u6298\u73fe\u7387\u3002\u4f46\u6a19\u7c64\u6df7\u7528\u7a05\u524d\u8207\u7a05\u5f8c\u3001\u5be6\u969b\u8207\u540d\u7fa9\uff1b\u767c\u884c\u4eba\u5728\u516c\u5141\u50f9\u503c\u6e1b\u51fa\u552e\u6210\u672c\u8207\u4f7f\u7528\u50f9\u503c\u4e4b\u9593\u8f49\u63db\u800c\u4e0d\u4f5c\u89e3\u91cb\uff1b\u90e8\u5206\u6e1b\u503c\u7d14\u7cb9\u6e90\u81ea\u6298\u73fe\u7387\uff08\u611b\u5fb7\u65b0\u80fd\u6e90\uff0c\u4eba\u6c11\u5e6350.9\u767e\u842c\u5143\uff09\u3002<\\\/p><\\\/div>\\n  <div class=\\\"panel\\\"><h3>\u6309\u767c\u884c\u4eba\u53ca\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\u5283\u5206\u7684\u5df2\u62ab\u9732\u6298\u73fe\u7387\uff08%\uff09<\\\/h3><div id=\\\"chartRates\\\"><\\\/div><p class=\\\"cap\\\">\u82e5\u68d2\u689d\u986f\u793a\u4e00\u500b\u7bc4\u570d\uff0c\u5373\u8868\u793a\u6298\u73fe\u7387\u5728\u4e0d\u540c\u5e74\u5ea6\u6709\u6240\u8b8a\u52d5\uff0c\u6216\u5728\u4e0d\u540c\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\u4e4b\u9593\u6709\u6240\u4e0d\u540c\u3002\u5404\u6298\u73fe\u7387\u7684\u57fa\u790e\u4e0d\u540c\uff0c\u56e0\u6b64\u4e0d\u80fd\u76f4\u63a5\u6bd4\u8f03\u3002\u9f8d\u8cc7\u6e90\u7684\u6298\u73fe\u7387\u7d93\u81ea\u52d5\u64f7\u53d6\uff0c\u5c1a\u672a\u5c0d\u7167\u539f\u6587\u4ef6\u8907\u6838\uff08\u2021\uff09\u3002<\\\/p><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"trends\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">9 \u00b7 \u81f4\u6838\u6578\u5e2b\u53ca\u7ba1\u7406\u5c64<\\\/span><h2>\u61c9\u5411\u5be9\u6838\u59d4\u54e1\u6703\u63d0\u51fa\u7684\u4e5d\u5927\u8da8\u52e2<\\\/h2><\\\/div>\\n  <div class=\\\"trends\\\" id=\\\"trendCards\\\"><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"checklist\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">10 \u00b7 \u826f\u597d\u5be6\u52d9<\\\/span><h2>\u6e1b\u503c\u8a55\u4f30\u76f8\u95dc\u7684\u62ab\u9732\u6e05\u55ae<\\\/h2>\\n  <p class=\\\"claim\\\">\u7d9c\u5408HKAS 36\u3001HKFRS 6\u3001HKFRS 13\u3001\u300a\u4e0a\u5e02\u898f\u5247\u300b\u7b2c\u5341\u516b\u7ae0\u3001\u9999\u6e2f\u4ea4\u6613\u6240\u53ca\u6703\u8a08\u53ca\u8ca1\u52d9\u532f\u5831\u5c40\u7684\u5be9\u95b1\u7d50\u679c\u3002\u4e26\u975e\u76e3\u7ba1\u6a5f\u69cb\u539f\u6587\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th class=\\\"r\\\">#<\\\/th><th>\u62ab\u9732\u5167\u5bb9<\\\/th><th>\u4f9d\u64da<\\\/th><\\\/tr><\\\/thead>\\n    <tbody id=\\\"checkBody\\\"><\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section>\\n  <div class=\\\"conclusion\\\">\\n    <span class=\\\"eyebrow\\\" style=\\\"color:var(--ore)\\\">\u7d50\u8ad6<\\\/span>\\n    <h2>\u9999\u6e2f\u7926\u696d\u516c\u53f8\u7684\u6e1b\u503c\u53cd\u6620\u6cd5\u5f8b\u53ca\u653f\u7b56\u98a8\u96aa<\\\/h2>\\n    <p>\u6700\u5927\u984d\u7684\u6e1b\u503c\u6e90\u81ea\u6c34\u6e90\u4fdd\u8b77\u5340\u3001\u81ea\u7136\u4fdd\u8b77\u5340\u908a\u754c\u3001\u571f\u5730\u5229\u7528\u898f\u5283\u3001\u7522\u80fd\u7f6e\u63db\u914d\u984d\u3001\u724c\u7167\u64a4\u92b7\u53ca\u51fa\u53e3\u7981\u4ee4\u3002\u5728\u96d9\u91cd\u6703\u8a08\u6846\u67b6\u4e0b\uff0c2025\u201326\u5e74\u7684\u666f\u6c23\u53ea\u80fd\u4ee4IFRS\u5831\u544a\u516c\u53f8\u51fa\u73fe\u64a5\u56de\uff0c\u800c\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u4e0b\u7684\u6487\u6e1b\u5247\u5c6c\u6c38\u4e45\u6027\u3002\u7f8e\u5143\u6298\u73fe\u7387\u4e0a\u5347\u53ca\u4e2d\u570b30\u5e74\u7926\u6b0a\u5e74\u671f\u4e0a\u9650\u6536\u7dca\u4e86\u5404\u9805\u8f38\u5165\u503c\uff0c\u56e0\u6b64\u5be9\u6838\u59d4\u54e1\u6703\u61c9\u9810\u671fFY2026\u7684\u6e2c\u8a66\u5c07\u6bd4FY2025\u66f4\u8271\u96e3\uff0c\u5118\u7ba1\u50f9\u683c\u5275\u65b0\u9ad8\u3002<\\\/p>\\n    <p>\u6210\u672c\u6700\u4f4e\u7684\u6539\u9032\u6700\u80fd\u8aaa\u670d\u76e3\u7ba1\u6a5f\u69cb\uff1a\u5c07\u6e1b\u503c\u6a21\u578b\u8207\u767c\u884c\u4eba\u672c\u8eab\u7684\u7b2c\u5341\u516b\u7ae0\u8cc7\u6e90\u91cf\u53ca\u5132\u91cf\u7d00\u9304\u5c0d\u8cec\uff0c\u4e26\u89e3\u91cb\u65b9\u6cd5\u3001\u6298\u73fe\u7387\u6216\u50f9\u683c\u5047\u8a2d\u7684\u6bcf\u9805\u8b8a\u52d5\u3002\u8868\u73fe\u6700\u4f73\u7684\u767c\u884c\u4eba\u5df2\u767c\u4f48\u9435\u6c5f\u73fe\u8ca8\u5f0f\u7684\u300c\u8b8a\u52d5\u57fa\u790e\u300d\u8868\u3001\u4fc4\u92c1\u5f0f\u7684\u91d1\u984d\u654f\u611f\u5ea6\u5206\u6790\u53ca\u4e94\u7926\u8cc7\u6e90\u5f0f\u7684\u76c8\u5229\u8b66\u544a\u3002<\\\/p>\\n  <\\\/div>\\n<\\\/section>\\n\\n<footer>\\n  <span class=\\\"eyebrow\\\">\u65b9\u6cd5\u53ca\u8cc7\u6599\u4f86\u6e90<\\\/span>\\n  <p>\u4f9d\u64da\u5728\u9999\u6e2f\u63d0\u4ea4\u3001\u520a\u767b\u65bc\u62ab\u9732\u6613\uff08HKEXnews\uff09\u7684\u5e74\u5831\u53ca\u4e2d\u671f\u5831\u544a\u3001\u696d\u7e3e\u516c\u544a\u53ca\u76c8\u5229\u8b66\u544a\uff0c\u53e6\u52a0\u4e2d\u570b\u5169\u5730\u4e0a\u5e02\u516c\u53f8\u7684A\u80a1\u6587\u4ef6\uff08\u5de8\u6f6e\u8cc7\u8a0a\u3001\u4e0a\u4ea4\u6240\u3001\u6df1\u4ea4\u6240\uff09\u3001\u4e16\u754c\u9280\u884cPink Sheet\u50f9\u683c\u53ca\u666e\u83ef\u6c38\u9053\u300aMine 2026\u300b\u3002\u9577\u671f\u8cc7\u7522\u6db5\u84cb\u7269\u696d\u3001\u5ee0\u623f\u53ca\u8a2d\u5099\u3001\u5728\u5efa\u5de5\u7a0b\u3001\u63a1\u7926\u6b0a\u53ca\u63a2\u7926\u6b0a\u3001\u4f7f\u7528\u6b0a\u8cc7\u7522\u3001\u5546\u8b7d\u3001\u6295\u8cc7\u7269\u696d\u53ca\u806f\u71df\u516c\u53f8\uff1b\u5b58\u8ca8\u3001\u9810\u671f\u4fe1\u8cb8\u8667\u640d\u53ca\u589e\u503c\u7a05\u6e1b\u503c\u4e0d\u8a08\u5728\u5167\u3002\u5408\u8a08\u70ba\u4e0b\u9650\u503c\uff1b\u4ee5US$\u53caHK$\u5831\u544a\u7684\u516c\u53f8\u672a\u7d93\u63db\u7b97\u3002<\\\/p>\\n  <p>\u4e3b\u8981\u6587\u4ef6\uff1a<a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0423\/2026042302304.pdf\\\">\u4e2d\u570b\u92c1\u696d2025\u5e74\u5831<\\\/a> \u00b7 <a href=\\\"http:\/\/static.cninfo.com.cn\/finalpage\/2023-03-24\/1216204000.PDF\\\">\u4e2d\u7164\u80fd\u6e902022\u5e74\u5831\u6458\u8981<\\\/a> \u00b7 <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0314\/2025031401555.pdf\\\">\u4e2d\u570b\u5b8f\u6a4bFY2024<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0326\/2025032602209_c.pdf\\\">\u5929\u9f4a\u92f0\u696dFY2024<\\\/a> \u00b7 <a href=\\\"https:\/\/www.mmg.com\/content\/uploads\/2026\/03\/e_2026-03-03_2025-Annual-Results.pdf\\\">\u4e94\u7926\u8cc7\u6e902025<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0325\/2026032500117.pdf\\\">\u9435\u6c5f\u73fe\u8ca8FY2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0318\/2026031800129.pdf\\\">\u4fc4\u92c1FY2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0728\/2026072801083.pdf\\\">\u80fd\u6e90\u53ca\u80fd\u91cf\u74b0\u74032026\u5e74\u5831<\\\/a> \u00b7 <a href=\\\"https:\/\/thedocs.worldbank.org\/en\/doc\/74e8be41ceb20fa0da750cda2f6b9e4e-0050012026\/related\/CMO-Pink-Sheet-September-2026.pdf\\\">\u4e16\u754c\u9280\u884cPink Sheet 2026\u5e749\u6708<\\\/a> \u00b7 <a href=\\\"https:\/\/www.pwc.com\/gx\/en\/industries\/energy-utilities-resources\/global-mine-2026.pdf\\\">\u666e\u83ef\u6c38\u9053Mine 2026<\\\/a><\\\/p>\\n  <p>Valtech Valuation & Consulting\u5c08\u984c\u7814\u7a76\u5831\u544a\u3002\u7814\u7a76\u622a\u81f32026\u5e7410\u67082\u65e5\u3002\u4e0d\u69cb\u6210\u6295\u8cc7\u3001\u6cd5\u5f8b\u6216\u5be9\u8a08\u610f\u898b\u3002<\\\/p>\\n<\\\/footer>\\n\", \"hans\": \"<header class=\\\"hero\\\">\\n  <div class=\\\"brandbar\\\">\\n    <div class=\\\"logo\\\"><img class=\\\"logo-light\\\" src=\\\"LOGO_L\\\" alt=\\\"Valtech Valuation & Consulting\\\"><img class=\\\"logo-dark\\\" src=\\\"LOGO_D\\\" alt=\\\"Valtech Valuation & Consulting\\\"><\\\/div>\\n    <div class=\\\"brandtag\\\"><span class=\\\"eyebrow\\\">\u4e13\u9898\u7814\u7a76\u62a5\u544a<\\\/span><span class=\\\"eyebrow\\\">2026\u5e7410\u6708\u53d1\u5e03<\\\/span><div class=\\\"langs\\\" role=\\\"group\\\" aria-label=\\\"\u8bed\u8a00\\\"><button type=\\\"button\\\" class=\\\"lang-btn\\\" data-lang=\\\"en\\\" lang=\\\"en\\\">EN<\\\/button><button type=\\\"button\\\" class=\\\"lang-btn\\\" data-lang=\\\"hant\\\" lang=\\\"zh-Hant\\\">\u7e41<\\\/button><button type=\\\"button\\\" class=\\\"lang-btn\\\" data-lang=\\\"hans\\\" lang=\\\"zh-Hans\\\">\u7b80<\\\/button><\\\/div><button type=\\\"button\\\" id=\\\"themeToggle\\\" class=\\\"theme-toggle\\\" aria-label=\\\"\u5207\u6362\u914d\u8272\u4e3b\u9898\\\"><span class=\\\"tt-icon\\\" aria-hidden=\\\"true\\\"><\\\/span><span id=\\\"themeLabel\\\">\u6df1\u8272\u4e3b\u9898<\\\/span><\\\/button><\\\/div>\\n  <\\\/div>\\n  <span class=\\\"eyebrow\\\">\u9999\u6e2f\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8\u7684\u51cf\u503c \u00b7 FY2019\u81f31H2026 \u00b7 \u6570\u636e\u622a\u81f32026\u5e7410\u67082\u65e5<\\\/span>\\n  <h1>\u9a71\u52a8\u77ff\u4e1a\u51cf\u8bb0\u7684\u662f\u653f\u7b56\u51b2\u51fb\uff0c\u800c\u975e\u4ef7\u683c<\\\/h1>\\n  <p class=\\\"lede\\\">Valtech Valuation\u5ba1\u9605\u4e86<b id=\\\"heroN\\\">78<\\\/b>\u5bb6\u9999\u6e2f\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8\u3002\u4ec514\u5bb6\u4ee5\u4eba\u6c11\u5e01\u62a5\u544a\u7684\u5927\u578b\u4f01\u4e1a\u5728FY2019\u2013FY2025\u5df2\u6487\u51cf\u81f3\u5c11<b>\u4eba\u6c11\u5e01610\u4ebf\u5143<\\\/b>\u7684\u957f\u671f\u8d44\u4ea7\uff0c\u5176\u4e2d83%\u7531\u4e94\u5bb6\u96c6\u56e2\u8ba1\u63d0\u3002\u6700\u5927\u989d\u7684\u51cf\u503c\u6e90\u4e8e\u6c34\u6e90\u4fdd\u62a4\u533a\u3001\u81ea\u7136\u4fdd\u62a4\u533a\u3001\u571f\u5730\u5229\u7528\u89c4\u5212\u3001\u4ea7\u80fd\u7f6e\u6362\u653f\u7b56\u53ca\u724c\u7167\u5904\u7f6e\uff0c\u800c\u975e\u5546\u54c1\u4ef7\u683c\u4e0b\u8dcc\u3002<\\\/p>\\n  <div class=\\\"objective\\\">\\n    <span class=\\\"eyebrow\\\">\u7814\u7a76\u76ee\u7684<\\\/span>\\n    <p>\u4e3a\u5ba1\u8ba1\u5e08\u3001\u5ba1\u6838\u59d4\u5458\u4f1a\u53ca\u7ba1\u7406\u5c42\u63d0\u4f9b\u6e2f\u4ea4\u6240\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8\u51cf\u503c\u8d8b\u52bf\u7684\u6d1e\u89c1\uff0c\u6db5\u76d6\u91c7\u77ff\u6743\u3001\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7\u3001\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u4ee5\u53ca\u5546\u8a89\uff0c\u5e76\u91cd\u6e29\u5728\u786e\u8ba4\u51cf\u503c\u6216\u9669\u4e9b\u9700\u8981\u786e\u8ba4\u51cf\u503c\u65f6\uff0c\u826f\u597d\u5b9e\u52a1\u53ca\u9999\u6e2f\u76d1\u7ba1\u673a\u6784\u6240\u671f\u671b\u7684\u62ab\u9732\u6e05\u5355\u3002<\\\/p>\\n  <\\\/div>\\n  <div class=\\\"meta\\\"><span>\u7531Valtech Valuation & Consulting\u7f16\u5236<\\\/span><span>\u8303\u56f4\uff1a\u91c7\u77ff\u6743\u3001\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7\u3001\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u3001\u5546\u8a89\u3001\u77ff\u4e1a\u8054\u8425\u516c\u53f8<\\\/span><span>\u4f1a\u8ba1\u57fa\u51c6\uff1a\u9999\u6e2f\u8d22\u52a1\u62a5\u544a\u51c6\u5219\uff0fIFRS\u53ca\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/span><\\\/div>\\n<\\\/header>\\n\\n<nav class=\\\"toc\\\" aria-label=\\\"\u7ae0\u8282\\\">\\n  <a href=\\\"#universe\\\">\u7814\u7a76\u516c\u53f8<\\\/a><a href=\\\"#scale\\\">\u89c4\u6a21<\\\/a><a href=\\\"#cycle\\\">\u5468\u671f<\\\/a><a href=\\\"#commodity\\\">\u6309\u5546\u54c1<\\\/a><a href=\\\"#h1-2026\\\">2026\u5e74\u4e2d\u671f<\\\/a><a href=\\\"#fy2026\\\">FY2026\u5c55\u671b<\\\/a><a href=\\\"#size\\\">\u6309\u89c4\u6a21<\\\/a><a href=\\\"#rates\\\">\u6298\u73b0\u7387<\\\/a><a href=\\\"#trends\\\">\u4e5d\u5927\u8d8b\u52bf<\\\/a><a href=\\\"#checklist\\\">\u62ab\u9732\u6e05\u5355<\\\/a>\\n<\\\/nav>\\n\\n<div class=\\\"kpis\\\">\\n  <div class=\\\"kpi\\\"><b id=\\\"kpiN\\\">78<\\\/b><span id=\\\"kpiNtxt\\\">\u7eb3\u5165\u7814\u7a76\u7684\u6e2f\u4ea4\u6240\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8<\\\/span><\\\/div>\\n  <div class=\\\"kpi warn\\\"><b>\u4eba\u6c11\u5e01610\u4ebf\u5143<\\\/b><span>14\u5bb6\u4eba\u6c11\u5e01\u62a5\u544a\u5927\u578b\u4f01\u4e1aFY2019\u201325\u957f\u671f\u8d44\u4ea7\u51cf\u503c\u81f3\u5c11\u8fbe\u6b64\u91d1\u989d\uff08\u786e\u5b9a\u6570\u5b57\uff09<\\\/span><\\\/div>\\n  <div class=\\\"kpi\\\"><b>83%<\\\/b><span>\u7531\u4e2d\u56fd\u94dd\u4e1a\u3001\u4e2d\u7164\u80fd\u6e90\u3001\u4e2d\u56fd\u5b8f\u6865\u3001\u5929\u9f50\u9502\u4e1a\u53ca\u4e2d\u56fd\u795e\u534e\u8ba1\u63d0\u7684\u5360\u6bd4<\\\/span><\\\/div>\\n  <div class=\\\"kpi ore\\\"><b>47%<\\\/b><span>\u53d1\u751f\u4e8eFY2021\u201322\u7164\u70ad\u53ca\u94dd\u4e1a\u666f\u6c14\u671f\uff0c\u800c\u975e\u4f4e\u8ff7\u671f<\\\/span><\\\/div>\\n  <div class=\\\"kpi\\\"><b>2%<\\\/b><span>\u5546\u8a89\u5360\u5168\u90e8\u51cf\u503c\u7684\u6bd4\u4f8b\u3002\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u7ea6\u536070%\uff0c\u91c7\u77ff\u6743\u7ea6\u536017%\u3002<\\\/span><\\\/div>\\n  <div class=\\\"kpi warn\\\"><b>7\u201338%<\\\/b><span>\u5df2\u62ab\u9732\u6298\u73b0\u7387\u7684\u533a\u95f4\uff0c\u7a0e\u524d\u6216\u7a0e\u540e\u57fa\u51c6\u5f80\u5f80\u4e0d\u660e\u786e<\\\/span><\\\/div>\\n<\\\/div>\\n\\n<section id=\\\"universe\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">1 \u00b7 \u8986\u76d6\u8303\u56f4<\\\/span><h2>\u7eb3\u5165\u7814\u7a76\u7684<span id=\\\"uniN\\\">78<\\\/span>\u5bb6\u516c\u53f8<\\\/h2>\\n  <p class=\\\"claim\\\">\u8986\u76d6\u9999\u6e2f\u77ff\u4e1a\u677f\u5757\u7684\u5404\u4e2a\u5c42\u7ea7\uff1a\u4e24\u5730\u4e0a\u5e02\u7684\u4e2d\u56fd\u5927\u578b\u4f01\u4e1a\u3001\u62e5\u6709\u6d77\u5916\u8d44\u4ea7\u7684\u4e2d\u578b\u4f01\u4e1a\uff0c\u4ee5\u53ca\u5904\u4e8e\u52d8\u63a2\u9636\u6bb5\u6216\u9677\u5165\u56f0\u5883\u7684\u5c0f\u578b\u4f01\u4e1a\u3002\u53ef\u6309\u89c4\u6a21\u7b5b\u9009\uff0c\u6216\u6309\u540d\u79f0\u3001\u4ee3\u7801\u6216\u5546\u54c1\u641c\u7d22\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tiers\\\" id=\\\"tiers\\\"><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>\u6309\u5546\u54c1\u5212\u5206\u7684\u516c\u53f8<\\\/h3><div id=\\\"commodityCount\\\"><\\\/div><p class=\\\"cap\\\">\u6bcf\u5bb6\u516c\u53f8\u53ea\u6309\u5176\u4e3b\u8981\u5546\u54c1\u8ba1\u7b97\u4e00\u6b21\uff0c\u56e0\u6b64\u591a\u5143\u5316\u96c6\u56e2\u53ea\u51fa\u73b0\u4e00\u6b21\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u5982\u4f55\u89e3\u8bfb\u7814\u7a76\u8303\u56f4<\\\/h3>\\n      <p class=\\\"cap\\\">\u5927\u578b\u4f01\u4e1a\uff1a\u5927\u578bA+H\u80a1\u3001\u56fd\u6709\u4f01\u4e1a\u53ca\u9999\u6e2f\u4e0a\u5e02\u751f\u4ea7\u5546\u3002\u4e2d\u578b\u4f01\u4e1a\uff1a\u9762\u4e34\u5355\u4e00\u56fd\u5bb6\u3001\u6c47\u7387\u6216\u5236\u88c1\u98ce\u9669\u7684\u751f\u4ea7\u4f01\u4e1a\u3002\u5c0f\u578b\u4f01\u4e1a\uff1a\u52d8\u63a2\u9636\u6bb5\u3001\u5355\u4e00\u8d44\u4ea7\u6216\u9677\u5165\u56f0\u5883\u7684\u53d1\u884c\u4eba\u3002\u540d\u5355\u5305\u62ec\u4e8e2019\u20132026\u5e74\u95f4\u9664\u724c\u6216\u79c1\u6709\u5316\u7684\u516c\u53f8\uff08\u745e\u91d1\u77ff\u4e1a\u3001\u6052\u5174\u9ec4\u91d1\u3001\u4f18\u6d3e\u80fd\u6e90\u3001Agritrade\u3001\u660c\u5174\u56fd\u9645\u3001\u4fe1\u76db\u77ff\u4e1a\u3001\u4e2d\u8a89\u96c6\u56e2\u3001\u6e7e\u533a\u9ec4\u91d1\uff09\uff0c\u4ee5\u53ca\u4e0a\u5e02\u5386\u53f2\u592a\u77ed\u3001\u5c1a\u672a\u663e\u793a\u51cf\u503c\u7684\u65b0\u4e0a\u5e02\u516c\u53f8\u3002<\\\/p>\\n      <p class=\\\"cap\\\">\u672c\u7814\u7a76\u5254\u9664\u4e86\u6570\u5bb6\u5e76\u4e0d\u62e5\u6709\u6216\u7ecf\u8425\u77ff\u5c71\u7684\u516c\u53f8\uff0c\u5305\u62ec\u94dc\u56de\u6536\u5546\u4e2d\u56fd\u91d1\u5c5e\u8d44\u6e90\u5229\u7528\uff081636\uff09\uff1b\u6ca1\u6709\u77ff\u5c71\u7684\u7cbe\u70bc\u5546\uff0c\u4f8b\u5982\u4e2d\u56fd\u767d\u94f6\uff080815\uff09\u53ca\u5357\u5c71\u94dd\u4e1a\u56fd\u9645\uff082610\uff09\uff1b\u7126\u70ad\u751f\u4ea7\u5546Loudong\uff080988\uff09\u53caHuscoke\uff080704\uff09\uff1b\u8d38\u6613\u5546Ares Asia\uff080645\uff09\u53caElate\uff080076\uff09\uff1b\u7535\u6c60\u6750\u6599\u751f\u4ea7\u5546CNGR\uff082579\uff09\uff1b\u4e00\u5bb6\u7164\u5c42\u6c14\u751f\u4ea7\u5546\uff080091\uff09\uff1b\u4ee5\u53ca\u540d\u79f0\u770b\u4f3c\u4e0e\u77ff\u4e1a\u76f8\u5173\u3001\u4f46\u4e1a\u52a1\u5e76\u975e\u77ff\u4e1a\u7684\u516c\u53f8\uff0c\u4f8b\u5982\u4f1f\u4fca\u3001\u60a6\u8fbe\u3001\u94f6\u5efa\u53caGolden Resources\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n  <div class=\\\"controls\\\" role=\\\"group\\\" aria-label=\\\"\u7b5b\u9009\u516c\u53f8\\\">\\n    <button type=\\\"button\\\" data-tier=\\\"All\\\" aria-pressed=\\\"true\\\">\u5168\u90e8<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Major\\\" aria-pressed=\\\"false\\\">\u5927\u578b\u4f01\u4e1a<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Mid-cap\\\" aria-pressed=\\\"false\\\">\u4e2d\u578b\u4f01\u4e1a<\\\/button>\\n    <button type=\\\"button\\\" data-tier=\\\"Small-cap\\\" aria-pressed=\\\"false\\\">\u5c0f\u578b\u4f01\u4e1a<\\\/button>\\n    <input id=\\\"uniSearch\\\" type=\\\"search\\\" placeholder=\\\"\u641c\u7d22\u540d\u79f0\u3001\u4ee3\u7801\u6216\u5546\u54c1\\\" aria-label=\\\"\u641c\u7d22\u516c\u53f8\\\">\\n    <span class=\\\"note\\\" id=\\\"uniCount\\\"><\\\/span>\\n  <\\\/div>\\n  <div class=\\\"tbl\\\" id=\\\"uniTable\\\"><table><thead><tr><th>\u4ee3\u7801<\\\/th><th>\u516c\u53f8<\\\/th><th>\u89c4\u6a21<\\\/th><th>\u5546\u54c1<\\\/th><th>\u51cf\u503c\u60c5\u51b5\uff0cFY2019\u2013FY2025\uff08\u6ce8\u660e\u5904\u542b2026\u5e74\u4e2d\u671f\uff09<\\\/th><\\\/tr><\\\/thead><tbody id=\\\"uniBody\\\"><\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"scale\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">2 \u00b7 \u89c4\u6a21\u4e0e\u96c6\u4e2d\u5ea6<\\\/span><h2>\u81f3\u5c11\u6487\u51cf\u4eba\u6c11\u5e01610\u4ebf\u5143\uff0c\u4e94\u5bb6\u516c\u53f8\u536083%<\\\/h2>\\n  <p class=\\\"claim\\\">\u884c\u4e1a\u5e73\u5747\u6570\u5bf9\u4e2a\u522b\u53d1\u884c\u4eba\u7684\u53c2\u8003\u4ef7\u503c\u6709\u9650\u3002\u51cf\u503c\u91d1\u989d\u8d77\u4f0f\u5927\u4e14\u9ad8\u5ea6\u96c6\u4e2d\uff0c\u4e3b\u8981\u7531\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u627f\u62c5\u3002\u5546\u8a89\u51e0\u4e4e\u65e0\u5173\u7d27\u8981\uff1a\u9999\u6e2f\u77ff\u4e1a\u516c\u53f8\u652f\u4ed8\u7684\u6536\u8d2d\u6ea2\u4ef7\u4f53\u73b0\u5728\u91c7\u77ff\u6743\u3001\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u53ca\u8054\u8425\u516c\u53f8\u4e2d\u3002<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>\u6309\u516c\u53f8\u5212\u5206\u7684FY2019\u201325\u5df2\u8bc6\u522b\u51cf\u503c\u603b\u989d\uff08\u4eba\u6c11\u5e01\u767e\u4e07\u5143\uff09<\\\/h3><div id=\\\"chartCompany\\\"><\\\/div><p class=\\\"cap\\\">\u56fe\u8868\u53ea\u91c7\u7528\u786e\u5b9e\u6570\u5b57\uff0c\u56e0\u6b64\u4e0d\u5305\u62ec\u4ecd\u542b\u5b58\u8d27\u51cf\u8bb0\u7684\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u603b\u989d\u53ca\u4ee3\u7528\u6570\u5b57\u3002\u6570\u5b57\u6df7\u5408\u4e86\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u53ca\u56fd\u9645\u8d22\u52a1\u62a5\u544a\u51c6\u5219\u4e24\u79cd\u57fa\u7840\u3002\u4e2d\u56fd\u795e\u534e\u7684\u603b\u989d\u53ea\u6db5\u76d6FY2022\u81f3FY2025\u3002\u201c\u5176\u4ed64\u5bb6\u201d\u4e00\u680f\u5408\u8ba1\u8d63\u950b\u9502\u4e1a\u3001\u7075\u5b9d\u9ec4\u91d1\u3001\u8d64\u5cf0\u9ec4\u91d1\u53ca\u6d1b\u9633\u94bc\u4e1a\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u6309\u8d44\u4ea7\u7c7b\u522b<\\\/h3>\\n      <div class=\\\"strata\\\" id=\\\"strataAsset\\\"><\\\/div><div class=\\\"strata-key\\\" id=\\\"keyAsset\\\"><\\\/div>\\n      <h3 style=\\\"margin-top:10px\\\">\u6309\u5546\u54c1<\\\/h3>\\n      <div class=\\\"strata\\\" id=\\\"strataCommodity\\\"><\\\/div><div class=\\\"strata-key\\\" id=\\\"keyCommodity\\\"><\\\/div>\\n      <p class=\\\"cap\\\">\u91c7\u77ff\u6743\u5360\u6bd4\u4e2d\u903e\u4e00\u534a\u6765\u81ea\u5355\u4e00\u7164\u70ad\u63a2\u77ff\u6743\uff08\u6c99\u62c9\u5409\u8fbe\uff0c\u4eba\u6c11\u5e0162.9\u4ebf\u5143\uff09\uff0c\u8be5\u63a2\u77ff\u6743\u4e0e\u996e\u7528\u6c34\u6c34\u6e90\u4fdd\u62a4\u533a\u91cd\u53e0\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n  <h3>\u6c47\u603b\u8bb0\u5f55\uff1a\u5df2\u8bc6\u522b\u957f\u671f\u8d44\u4ea7\u51cf\u503c\uff0c\u6263\u9664\u8f6c\u56de\u540e\uff08\u9664\u53e6\u6709\u8bf4\u660e\u5916\uff0c\u4eba\u6c11\u5e01\u767e\u4e07\u5143\uff09<\\\/h3>\\n  <div class=\\\"tbl\\\"><table class=\\\"num\\\">\\n    <thead><tr><th>\u516c\u53f8\uff08\u4ee3\u7801\uff09<\\\/th><th>\u57fa\u51c6<\\\/th><th class=\\\"r\\\">FY2019<\\\/th><th class=\\\"r\\\">FY2020<\\\/th><th class=\\\"r\\\">FY2021<\\\/th><th class=\\\"r\\\">FY2022<\\\/th><th class=\\\"r\\\">FY2023<\\\/th><th class=\\\"r\\\">FY2024<\\\/th><th class=\\\"r\\\">FY2025<\\\/th><th class=\\\"r\\\">2026\u5e74\u4e2d\u671f<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u7164\u70ad<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u7164\u80fd\u6e90\uff081898\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff081H26 IFRS\uff09<\\\/td><td class=\\\"r\\\">\u2264688<\\\/td><td class=\\\"r\\\">56<\\\/td><td class=\\\"r\\\">3,963<\\\/td><td class=\\\"r\\\">8,801<\\\/td><td class=\\\"r\\\">285<\\\/td><td class=\\\"r\\\">464<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">20.7<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u795e\u534e\uff081088\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff0fIFRS<\\\/td><td class=\\\"r\\\">\u22641,905<\\\/td><td class=\\\"r\\\">\u22641,523<\\\/td><td class=\\\"r\\\">\u22641,292<\\\/td><td class=\\\"r\\\">2,883<\\\/td><td class=\\\"r\\\">3,003<\\\/td><td class=\\\"r\\\">362<\\\/td><td class=\\\"r\\\">139<\\\/td><td class=\\\"r\\\">4\u2021<\\\/td><\\\/tr>\\n      <tr><td>\u5156\u77ff\u80fd\u6e90\uff081171\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">\u2265480<\\\/td><td class=\\\"r\\\">2,140<\\\/td><td class=\\\"r\\\">\u226440.0<\\\/td><td class=\\\"r\\\">\u226410.7<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u94dd<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u94dd\u4e1a\uff082600\uff09<\\\/td><td>IFRS\uff0c\u91cd\u8ff0\u540e<\\\/td><td class=\\\"r\\\">564.3<\\\/td><td class=\\\"r\\\">681.3<\\\/td><td class=\\\"r\\\">4,064.7<\\\/td><td class=\\\"r\\\">3,871.4<\\\/td><td class=\\\"r\\\">598.0<\\\/td><td class=\\\"r\\\">2,103.2<\\\/td><td class=\\\"r\\\">3,085.3<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u5b8f\u6865\uff081378\uff09<\\\/td><td>\u9999\u6e2f\u8d22\u52a1\u62a5\u544a\u51c6\u5219<\\\/td><td class=\\\"r\\\">1,730.9<\\\/td><td class=\\\"r\\\">492.9<\\\/td><td class=\\\"r\\\">1,560.6<\\\/td><td class=\\\"r\\\">224.8<\\\/td><td class=\\\"r\\\">818.4<\\\/td><td class=\\\"r\\\">2,635.5<\\\/td><td class=\\\"r\\\">497.2<\\\/td><td class=\\\"r\\\">583.3<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u94dc\u53ca\u591a\u5143\u5316<\\\/td><\\\/tr>\\n      <tr><td>\u6c5f\u897f\u94dc\u4e1a\uff080358\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff081H26 IFRS\uff09<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">144.7<\\\/td><td class=\\\"r\\\">248.1<\\\/td><td class=\\\"r\\\">302.6<\\\/td><td class=\\\"r\\\">1,159.9<\\\/td><td class=\\\"r\\\">386.8<\\\/td><\\\/tr>\\n      <tr><td>\u7d2b\u91d1\u77ff\u4e1a\uff082899\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/td><td class=\\\"r\\\">323.3<\\\/td><td class=\\\"r\\\">285.8<\\\/td><td class=\\\"r\\\">528.6<\\\/td><td class=\\\"r\\\">79.5<\\\/td><td class=\\\"r\\\">280.7<\\\/td><td class=\\\"r\\\">372.5<\\\/td><td class=\\\"r\\\">214.0<\\\/td><td class=\\\"r\\\">2.4<\\\/td><\\\/tr>\\n      <tr><td>\u6d1b\u9633\u94bc\u4e1a\uff083993\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">\u2248221<\\\/td><td class=\\\"r\\\">\u224835.2<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">0\u2021<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u9ec4\u91d1<\\\/td><\\\/tr>\\n      <tr><td>\u62db\u91d1\u77ff\u4e1a\uff081818\uff09<\\\/td><td>\u9999\u6e2f\u8d22\u52a1\u62a5\u544a\u51c6\u5219\uff1bFY19\u201322\u4e3a\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u66ff\u4ee3\u6570\u5b57<\\\/td><td class=\\\"r\\\">\u2248174.3<\\\/td><td class=\\\"r\\\">\u2248658.6<\\\/td><td class=\\\"r\\\">\u2248242.3<\\\/td><td class=\\\"r\\\">\u2248320<\\\/td><td class=\\\"r\\\">376.8<\\\/td><td class=\\\"r\\\">401.8<\\\/td><td class=\\\"r\\\">1,596.2<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u5c71\u4e1c\u9ec4\u91d1\uff081787\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/td><td class=\\\"r\\\">\u2265108.5<\\\/td><td class=\\\"r\\\">160.5<\\\/td><td class=\\\"r\\\">5.4<\\\/td><td class=\\\"r\\\">0.6<\\\/td><td class=\\\"r\\\">4.3<\\\/td><td class=\\\"r\\\">44.9<\\\/td><td class=\\\"r\\\">793.2<\\\/td><td class=\\\"r\\\">\u22644.0<\\\/td><\\\/tr>\\n      <tr><td>\u7075\u5b9d\u9ec4\u91d1\uff083330\uff09<\\\/td><td>\u9999\u6e2f\u8d22\u52a1\u62a5\u544a\u51c6\u5219<\\\/td><td class=\\\"r\\\">26.3<\\\/td><td class=\\\"r\\\">58.0<\\\/td><td class=\\\"r\\\">10.0<\\\/td><td class=\\\"r\\\">86.9<\\\/td><td class=\\\"r\\\">40.0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u8d64\u5cf0\u9ec4\u91d1\uff086693\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">\u2014<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">54<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr class=\\\"grp\\\"><td colspan=\\\"10\\\">\u9502<\\\/td><\\\/tr>\\n      <tr><td>\u5929\u9f50\u9502\u4e1a\uff089696\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff0fIFRS 23\u201324<\\\/td><td class=\\\"r\\\">5,309.5<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">\u22641.9<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">2,237.7<\\\/td><td class=\\\"r\\\">1<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n      <tr><td>\u8d63\u950b\u9502\u4e1a\uff081772\uff09<\\\/td><td>\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><td class=\\\"r\\\">83.6<\\\/td><td class=\\\"r\\\">214.6<\\\/td><td class=\\\"r\\\">n.v.<\\\/td><\\\/tr>\\n      <tr class=\\\"total\\\"><td>\u786e\u5b9e\u6570\u5b57\u5408\u8ba1\uff08\u4eba\u6c11\u5e01\u767e\u4e07\u5143\uff1b\u4e2d\u671f\u4e00\u680f\u4e0d\u53ef\u6bd4\u8f83\uff09<\\\/td><td>\u6df7\u5408<\\\/td><td class=\\\"r\\\">\u22488,063<\\\/td><td class=\\\"r\\\">\u22481,735<\\\/td><td class=\\\"r\\\">\u224810,612<\\\/td><td class=\\\"r\\\">\u224818,232<\\\/td><td class=\\\"r\\\">\u22485,654<\\\/td><td class=\\\"r\\\">\u22489,008<\\\/td><td class=\\\"r\\\">\u22487,754<\\\/td><td class=\\\"r\\\">\u2248993<\\\/td><\\\/tr>\\n      <tr><td>\u5305\u62ec\u4e0a\u9650\u53ca\u4ee3\u7528\u6570\u5b57\u7684\u5408\u8ba1<\\\/td><td>\u6df7\u5408<\\\/td><td class=\\\"r\\\">10,830<\\\/td><td class=\\\"r\\\">4,137<\\\/td><td class=\\\"r\\\">12,182<\\\/td><td class=\\\"r\\\">18,554<\\\/td><td class=\\\"r\\\">5,694<\\\/td><td class=\\\"r\\\">9,019<\\\/td><td class=\\\"r\\\">7,754<\\\/td><td class=\\\"r\\\">1,001<\\\/td><\\\/tr>\\n      <tr class=\\\"memo\\\"><td colspan=\\\"10\\\">\u5907\u5fd8\u9879\u76ee\uff1a\u4ee5\u7f8e\u5143\u62a5\u544a\uff0c\u5e76\u4e0d\u8ba1\u5165\u4e0a\u8ff0\u5408\u8ba1<\\\/td><\\\/tr>\\n      <tr><td>\u4e94\u77ff\u8d44\u6e90\uff081208\uff09\uff0c\u767e\u4e07\u7f8e\u5143<\\\/td><td>IFRS<\\\/td><td class=\\\"r\\\">150.0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">0<\\\/td><td class=\\\"r\\\">53.0<\\\/td><td class=\\\"r\\\">290.0<\\\/td><td class=\\\"r\\\">0<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <p class=\\\"note\\\">\u9605\u8bfb\u672c\u8868\u987b\u77e5\uff1a\u6807\u6709\u2264\u7684\u6570\u5b57\u4e3a\u4ecd\u5305\u62ec\u5b58\u8d27\u51cf\u8bb0\u7684\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u603b\u989d\uff0c\u56e0\u6b64\u5c5e\u4e0a\u9650\u3002\u6807\u6709\u2265\u7684\u6570\u5b57\u8868\u793a\u53ea\u80fd\u8bc6\u522b\u90e8\u5206\u51cf\u503c\u3002\u6807\u6709\u2248\u7684\u6570\u5b57\u4e3a\u4ee3\u7528\u6570\u5b57\uff1b\u62db\u91d1\u77ff\u4e1aFY2019\u81f3FY2022\u7684\u6570\u5b57\u53d6\u81ea\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u4e0b\u7684\u503a\u5238\u53ca\u8bc4\u7ea7\u6587\u4ef6\u3002\u7834\u6298\u53f7\uff08\u2014\uff09\u8868\u793a\u8d64\u5cf0\u9ec4\u91d1\u4e8e2025\u5e74\u4e0a\u5e02H\u80a1\u4e4b\u524d\u7684\u5e74\u5ea6\uff0cn.v.\u8868\u793a\u8be5\u5e74\u5ea6\u6570\u5b57\u672a\u80fd\u6838\u5b9e\u3002\u6807\u6709\u2021\u7684\u6570\u5b57\u7ecf\u81ea\u52a8\u63d0\u53d6\uff0c\u5c1a\u672a\u5bf9\u7167\u539f\u6587\u4ef6\u590d\u6838\u3002\u5168\u5e74\u6570\u5b57\u7ecf\u5ba1\u8ba1\u3002<b>2026\u5e74\u4e0a\u534a\u5e74\u4e00\u680f\u5c5e\u4e2d\u671f\u671f\u95f4\u3002<\\\/b>\u5927\u90e8\u5206\u53d1\u884c\u4eba\u53ea\u5728\u5e74\u672b\u8fdb\u884c\u51cf\u503c\u6d4b\u8bd5\uff0c\u56e0\u6b64\u8fd9\u4e9b\u6570\u5b57\u4ec5\u4f9b\u62ab\u9732\uff0c\u4e0d\u5e94\u4e0e\u5168\u5e74\u6570\u5b57\u6bd4\u8f83\uff0c\u4e5f\u4e0d\u5e94\u89c6\u4e3a\u8d8b\u52bf\u7684\u4e00\u90e8\u5206\u3002\u6309\u56fd\u9645\u8d22\u52a1\u62a5\u544a\u51c6\u5219\u8ba1\u7b97\uff0c\u5929\u9f50\u9502\u4e1aFY2021\u5c06\u5f55\u5f97\u7ea6\u4eba\u6c11\u5e011,617\u767e\u4e07\u5143\u7684\u51c0\u8f6c\u56de\u3002\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u4e0d\u5141\u8bb8\u8f6c\u56de\u957f\u671f\u8d44\u4ea7\u51cf\u503c\uff0c\u800c\u9999\u6e2f\u4f1a\u8ba1\u51c6\u5219\u7b2c36\u53f7\u5219\u8981\u6c42\u8bc4\u4f30\u8f6c\u56de\u3002\u4e94\u77ff\u8d44\u6e90\u4ee5\u7f8e\u5143\u62a5\u544a\uff0c\u56e0\u6b64\u5217\u4e8e\u5408\u8ba1\u4e4b\u4e0b\u4f5c\u4e3a\u5907\u5fd8\u9879\u76ee\uff0c\u5e76\u4e0d\u8ba1\u5165\u4eba\u6c11\u5e01\u603b\u989d\u3002<\\\/p>\\n\\n  <h3>\u5341\u4e00\u4e2a\u516c\u53f8\u5e74\u5ea6\u5360\u603b\u989d\u4e09\u5206\u4e4b\u4e8c<\\\/h3>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u516c\u53f8\u5e74\u5ea6<\\\/th><th class=\\\"r\\\">\u4eba\u6c11\u5e01\u767e\u4e07\u5143<\\\/th><th>\u4e3b\u8981\u8d44\u4ea7<\\\/th><th>\u89e6\u53d1\u56e0\u7d20<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u4e2d\u7164\u80fd\u6e90 FY2022<\\\/td><td class=\\\"r\\\">8,801<\\\/td><td>\u6c99\u62c9\u5409\u8fbe\u63a2\u77ff\u6743\uff086,285\uff09\uff1b\u653e\u7f13\u5efa\u8bbe\u7684\u77ff\u5c71\uff1b\u7164\u5316\u5de5\u3001\u7535\u529b<\\\/td><td>\u6c34\u6e90\u4fdd\u62a4\u533a\uff1b\u5730\u8d28\u6761\u4ef6\uff1b\u5ef6\u8bef\uff1b\u539f\u6599\u7164\u6210\u672c\u6324\u538b<\\\/td><\\\/tr>\\n      <tr><td>\u5929\u9f50\u9502\u4e1a FY2019<\\\/td><td class=\\\"r\\\">5,310<\\\/td><td>SQM\u80a1\u6743\uff08SQM 5,237\uff1bSALA 73\uff09<\\\/td><td>SQM\u9502\u4ef7\u221227.7%\uff1b\u7535\u52a8\u8f66\u9700\u6c42\u4e0b\u8c03\uff08\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff0c\u5df2\u66f4\u6b63\uff09<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u94dd\u4e1a FY2021<\\\/td><td class=\\\"r\\\">4,065<\\\/td><td>\u95f2\u7f6e\u53ca\u505c\u4ea7\u8d44\u4ea7\u7ec4\uff1b\u94dd\u571f\u77ff\u77ff\u6743<\\\/td><td>\u73af\u4fdd\u76d1\u7ba1\uff1b\u94dd\u571f\u77ff\u77ff\u6743\u5230\u671f<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u94dd\u4e1a FY2022<\\\/td><td class=\\\"r\\\">3,871<\\\/td><td>\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u53ca\u8054\u8425\u516c\u53f8<\\\/td><td>\u8d44\u6599\u6765\u6e90\u672a\u6709\u8bf4\u660e<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u94dd\u4e1a FY2025<\\\/td><td class=\\\"r\\\">3,085<\\\/td><td>\u56fa\u5b9a\u8d44\u4ea7\u3001\u6295\u8d44\u7269\u4e1a\u3001\u8054\u8425\u516c\u53f8<\\\/td><td>\u8fdb\u53e3\u94dd\u571f\u77ff\u6c27\u5316\u94dd\u4ea7\u7ebf\u5173\u505c\uff1b\u95f2\u7f6e\u571f\u5730\u88ab\u6536\u56de<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u795e\u534e FY2023<\\\/td><td class=\\\"r\\\">3,003<\\\/td><td>\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907 2,782<\\\/td><td>\u8d44\u6599\u6765\u6e90\u672a\u6709\u8bf4\u660e<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u795e\u534e FY2022<\\\/td><td class=\\\"r\\\">2,883<\\\/td><td>\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907 2,151\uff1b\u65e0\u5f62\u8d44\u4ea7 348<\\\/td><td>\u51fa\u73b0\u51cf\u503c\u8ff9\u8c61\u7684\u8bbe\u5907\u53ca\u5907\u4ef6<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u5b8f\u6865 FY2024<\\\/td><td class=\\\"r\\\">2,636<\\\/td><td>\u5de5\u5382\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\uff08\u6bcf\u5bb6\u5de5\u5382\u4e3a\u4e00\u4e2a\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\uff09<\\\/td><td>\u5de5\u5382\u642c\u8fc1\u53ca\u9000\u5f79<\\\/td><\\\/tr>\\n      <tr><td>\u5929\u9f50\u9502\u4e1a FY2024<\\\/td><td class=\\\"r\\\">2,238<\\\/td><td>Kwinana\u7b2c\u4e8c\u671f\uff1bSQM\uff08\u4ec5IFRS\uff09<\\\/td><td>\u9879\u76ee\u4e8e2025\u5e741\u6708\u7ec8\u6b62<\\\/td><\\\/tr>\\n      <tr><td>\u5156\u77ff\u80fd\u6e90 FY2022<\\\/td><td class=\\\"r\\\">2,140<\\\/td><td>Donaldson 806\uff1bMonash\/Harrybrandt\/Athena 1,056\uff1bPremier\u7164\u77ff 278<\\\/td><td>\u9884\u671f\u4e0d\u4f1a\u5f00\u53d1\uff1b\u4ef7\u683c\u4f4e\u4e8e\u6210\u672c\uff08\u5df2\u786e\u8ba4\uff09<\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u94dd\u4e1a FY2024<\\\/td><td class=\\\"r\\\">2,103<\\\/td><td>\u4ea7\u80fd\u7f6e\u6362\u9879\u76ee<\\\/td><td>\u4e3a\u65b0\u9879\u76ee\u9000\u51fa\u4ea7\u80fd 964\uff1b\u6807\u51c6 187\uff1b\u4e0d\u7ecf\u6d4e\u4ea7\u80fd 466<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"cycle\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">3 \u00b7 \u5546\u54c1\u5468\u671f<\\\/span><h2>\u51cf\u8bb0\u9ad8\u5cf0\u51fa\u73b0\u5728\u666f\u6c14\u671f\uff0c\u800c\u975e\u4f4e\u8ff7\u671f<\\\/h2>\\n  <p class=\\\"claim\\\">FY2022\u7ebd\u5361\u65af\u5c14\u7164\u4ef7\u5e73\u5747\u4e3a345\u7f8e\u5143\/\u5428\uff0c\u5f53\u5e74\u4e3a\u9ad8\u5cf0\u5e74\uff0c\u51cf\u503c\u7ea6\u4eba\u6c11\u5e01182\u4ebf\u5143\u3002FY2020\uff08\u65b0\u51a0\u75ab\u60c5\u5e74\uff09\u4e3a\u4f4e\u8c37\u3002\u56fd\u6709\u96c6\u56e2\u5229\u7528\u521b\u7eaa\u5f55\u7684\u5229\u6da6\u6e05\u7406\u6401\u7f6e\u7684\u63a2\u77ff\u6743\u3001\u653e\u7f13\u5efa\u8bbe\u7684\u77ff\u5c71\u53ca\u53d7\u653f\u7b56\u5f71\u54cd\u7684\u5de5\u5382\u3002FY2025\uff0c\u9ec4\u91d1\u96c6\u56e2\u5728\u91d1\u4ef7\u521b\u65b0\u9ad8\u4e4b\u9645\u8ba1\u63d0\u4e86\u6700\u5927\u989d\u7684\u51cf\u503c\uff0c\u539f\u56e0\u5728\u4e8e\u724c\u7167\u53ca\u8fc7\u65f6\u5382\u623f\u3002<\\\/p><\\\/div>\\n  <div class=\\\"panel\\\"><h3>\u9999\u6e2f\u4e0a\u5e02\u5927\u578b\u4f01\u4e1a\u6bcf\u4e2a\u5b8c\u6574\u5e74\u5ea6\u7684\u5df2\u8bc6\u522b\u51cf\u503c\uff08\u6761\u5f62\uff0c\u4eba\u6c11\u5e01\u767e\u4e07\u5143\uff09\u4e0e\u7ebd\u5361\u65af\u5c14\u7164\u4ef7\uff08\u7ebf\uff0c\u6bcf\u5428\u7f8e\u5143\uff09\u6bd4\u8f83<\\\/h3>\\n    <div class=\\\"legend\\\"><span><i style=\\\"background:var(--s1)\\\"><\\\/i>\u51cf\u503c\uff0c\u4eba\u6c11\u5e01\u767e\u4e07\u5143<\\\/span><span><i style=\\\"background:var(--s2)\\\"><\\\/i>\u7ebd\u5361\u65af\u5c14\u7164\u4ef7\uff0c\u7f8e\u5143\/\u5428\uff08\u4e16\u754c\u94f6\u884c\u5e74\u5747\u4ef7\uff09<\\\/span><\\\/div>\\n    <div id=\\\"chartCycle\\\"><\\\/div>\\n    <p class=\\\"cap\\\">\u56fe\u8868\u53ea\u663e\u793a\u5b8c\u6574\u8d22\u653f\u5e74\u5ea6\u3002\u7531\u4e8e\u5927\u90e8\u5206\u53d1\u884c\u4eba\u53ea\u5728\u5e74\u672b\u8fdb\u884c\u51cf\u503c\u6d4b\u8bd5\uff0c\u56e0\u6b64\u4e0d\u5305\u62ec2026\u5e74\u4e0a\u534a\u5e74\u7684\u4e2d\u671f\u6570\u5b57\u3002\u4f5c\u4e3a\u6bd4\u8f83\uff0c\u666e\u534e\u6c38\u9053\u7edf\u8ba1\u7684\u5168\u740340\u5927\u77ff\u4e1a\u516c\u53f8\u51cf\u503c\u9ad8\u5cf0\u665a\u4e00\u5e74\u51fa\u73b0\uff0c\u4e8e2023\u5e74\u8fbe180\u4ebf\u7f8e\u5143\uff0c\u539f\u56e0\u662f\u7535\u6c60\u91d1\u5c5e\u4ef7\u683c\u4e0b\u8dcc\u53ca\u5229\u7387\u4e0a\u5347\u3002<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>\u9ad8\u7164\u4ef7\u53cd\u800c\u5bfc\u81f4\u51cf\u503c<\\\/h3><p class=\\\"cap\\\">2022\u5e74\u4e0a\u534a\u5e74\uff0c\u4e2d\u7164\u80fd\u6e90\u5bf9\u4e00\u4e2a\u56e0\u539f\u6599\u7164\u6602\u8d35\u800c\u4e8f\u635f\u7684\u7164\u5316\u5de5\u5355\u4f4d\uff08\u4eba\u6c11\u5e01723\u767e\u4e07\u5143\uff09\u53ca\u4e00\u5ea7\u81ea\u5907\u7535\u5382\uff08\u4eba\u6c11\u5e01258\u767e\u4e07\u5143\uff09\u8ba1\u63d0\u51cf\u503c\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u94dd\u4e1a\u8ddf\u968f\u653f\u7b56\u800c\u975e\u4ef7\u683c<\\\/h3><p class=\\\"cap\\\">\u4e2d\u56fd\u94dd\u4e1a\u53ca\u4e2d\u56fd\u5b8f\u6865\u56e0\u80fd\u6e90\u53ca\u73af\u4fdd\u653f\u7b56\u4e0b\u7684\u4ea7\u80fd\u642c\u8fc1\u6216\u7f6e\u6362\u800c\u5bf9\u5de5\u5382\u8ba1\u63d0\u51cf\u503c\uff0c\u4e0eLME\u4ef7\u683c\u65e0\u5173\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u4ef7\u683c\u7b5b\u67e5\u4f1a\u9057\u6f0f\u5927\u90e8\u5206\u51cf\u503c<\\\/h3><p class=\\\"cap\\\">\u4ec5\u4ee5\u5546\u54c1\u4ef7\u683c\u4e3a\u4f9d\u636e\u7684\u51cf\u503c\u8ff9\u8c61\u68c0\u8ba8\uff0c\u4f1a\u9057\u6f0f\u9999\u6e2f\u6700\u5927\u989d\u7684\u51cf\u503c\u3002\u771f\u6b63\u5173\u952e\u7684\u8ff9\u8c61\u662f\u6cd5\u5f8b\u3001\u751f\u6001\u53ca\u653f\u7b56\u4e8b\u4ef6\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u4e0b\u884c\u5468\u671f\u51b2\u51fb\u7684\u662f\u53e6\u4e00\u6279\u516c\u53f8<\\\/h3><p class=\\\"cap\\\">2023\u201325\u5e74\uff0c\u7164\u70ad\u5927\u578b\u4f01\u4e1a\u7684\u51cf\u503c\u7f29\u51cf\uff0c\u5c0f\u578b\u7164\u70ad\u751f\u4ea7\u5546\u63a5\u68d2\uff1a\u98de\u5c1a\u65e0\u70df\u7164\u4eba\u6c11\u5e01628\u767e\u4e07\u5143\u3001\u8499\u53e4\u80fd\u6e901,299\u767e\u4e07\u6e2f\u5143\u3001\u5357\u6208\u58c142\u767e\u4e07\u7f8e\u5143\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"commodity\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">4 \u00b7 \u6309\u5546\u54c1<\\\/span><h2>\u6bcf\u79cd\u5546\u54c1\u5404\u6709\u5176\u51cf\u503c\u6a21\u5f0f<\\\/h2><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u5546\u54c1<\\\/th><th class=\\\"r\\\">\u5360\u6bd4<\\\/th><th>\u4e3b\u8981\u8d44\u4ea7<\\\/th><th>\u5178\u578b\u89e6\u53d1\u56e0\u7d20<\\\/th><th>\u4e3b\u8981\u4f8b\u5b50<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u94dd\u53ca\u6c27\u5316\u94dd<\\\/td><td class=\\\"r\\\">\u224838%<\\\/td><td>\u51b6\u70bc\u5382\u53ca\u7cbe\u70bc\u5382\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907<\\\/td><td>\u4ea7\u80fd\u642c\u8fc1\uff1b\u73af\u4fdd\u53ca\u5b89\u5168\u6807\u51c6\uff1b\u95f2\u7f6e\u4ea7\u7ebf<\\\/td><td>\u4e2d\u56fd\u94dd\u4e1a2021\u201325\uff1b\u4e2d\u56fd\u5b8f\u6865\uff1b\u4fc4\u94dd<\\\/td><\\\/tr>\\n      <tr><td>\u7164\u70ad<\\\/td><td class=\\\"r\\\">\u224837%<\\\/td><td>\u63a2\u77ff\u6743\u3001\u653e\u7f13\u5efa\u8bbe\u7684\u77ff\u5c71\u3001\u5316\u5de5\u53ca\u7535\u529b\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907<\\\/td><td>\u751f\u6001\u7ea2\u7ebf\u3001\u5730\u8d28\u6761\u4ef6\u3001\u5ef6\u8bef\uff1b\u5c0f\u578b\u4f01\u4e1a\uff1a\u4ef7\u683c\u53ca\u724c\u7167<\\\/td><td>\u6c99\u62c9\u5409\u8fbe\uff1b\u4e2d\u56fd\u795e\u534e\uff1b\u5156\u77ff\u80fd\u6e90\uff1b\u4f0a\u6cf0\uff1b\u8499\u53e4\u80fd\u6e90<\\\/td><\\\/tr>\\n      <tr><td>\u9502<\\\/td><td class=\\\"r\\\">\u224813%<\\\/td><td>\u80a1\u6743\u6295\u8d44\u3001\u4e0b\u6e38\u52a0\u5de5<\\\/td><td>\u4ef7\u683c\u4f4e\u8c37\uff1b\u667a\u5229\u6cbb\u7406\uff1b\u9879\u76ee\u7ec8\u6b62<\\\/td><td>\u5929\u9f50\u9502\u4e1aSQM\u3001Kwinana<\\\/td><\\\/tr>\\n      <tr><td>\u9ec4\u91d1<\\\/td><td class=\\\"r\\\">\u22486%<\\\/td><td>\u77ff\u5c71\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u3001\u91c7\u77ff\u6743\u3001\u5546\u8a89<\\\/td><td>\u6c34\u6e90\u4fdd\u62a4\u533a\u5185\u724c\u7167\u672a\u83b7\u7eed\u671f\uff1b\u5382\u623f\u8fc7\u65f6<\\\/td><td>\u62db\u91d1\u77ff\u4e1a\uff1b\u5c71\u4e1c\u9ec4\u91d1\uff1b\u8d64\u5cf0\u9ec4\u91d1<\\\/td><\\\/tr>\\n      <tr><td>\u94dc\u3001\u94b4\u3001\u591a\u5143\u5316<\\\/td><td class=\\\"r\\\">\u22486%<\\\/td><td>\u5c3e\u77ff\u53ca\u571f\u5730\u5229\u7528\u76f8\u5173\u5728\u5efa\u5de5\u7a0b\uff1b\u521a\u679c\uff08\u91d1\uff09\u8d44\u4ea7<\\\/td><td>\u571f\u5730\u5229\u7528\u89c4\u5212\uff1b\u521a\u679c\uff08\u91d1\uff09\u94b4\u51fa\u53e3\u7981\u4ee4\u3001\u7535\u529b\u3001\u8d22\u7a0e\u5236\u5ea6<\\\/td><td>\u6c5f\u897f\u94dc\u4e1a\uff1b\u4e94\u77ff\u8d44\u6e90Kinsevere<\\\/td><\\\/tr>\\n      <tr><td>\u94c1\u77ff\u77f3<\\\/td><td class=\\\"r\\\">n\/a<\\\/td><td>\u77ff\u5c71\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u3001\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7<\\\/td><td>\u5362\u5e03\u8d70\u5f3a\u3001\u5236\u88c1\uff1b\u724c\u7167\u88ab\u540a\u9500<\\\/td><td>\u94c1\u6c5f\u73b0\u8d27\uff1b\u4e2d\u56fd\u9492\u949b\uff1b\u7f55\u738b<\\\/td><\\\/tr>\\n      <tr><td>\u954d\u3001\u9492\u3001\u94bc\u3001\u7a00\u571f<\\\/td><td class=\\\"r\\\">n\/a<\\\/td><td>\u63a2\u77ff\u6743\u53ca\u91c7\u77ff\u6743<\\\/td><td>\u81ea\u7136\u4fdd\u62a4\u533a\uff1b\u80fd\u8017\u6807\u51c6\uff1b\u5b89\u5168\u751f\u4ea7\u8bb8\u53ef\u8bc1<\\\/td><td>\u65b0\u946b\u77ff\u4e1a\uff1b\u5317\u65b9\u77ff\u4e1a\uff1b\u529b\u52e4\u8d44\u6e90<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <p class=\\\"note\\\">\u94c1\u6c5f\u73b0\u8d27\u663e\u793a\u6c47\u7387\u5f71\u54cd\u53ef\u5927\u4e8e\u4ef7\u683c\uff1a\u5176K&S\u53ef\u6536\u56de\u91d1\u989d\u4e8eFY2025\u4e0b\u964d\u7ea648%\uff08\u7531268.1\u767e\u4e07\u7f8e\u5143\u964d\u81f3139.9\u767e\u4e07\u7f8e\u5143\uff09\uff0c\u4e3b\u8981\u7531\u4e8e\u5362\u5e03\u5347\u503c\uff0c\u5c3d\u7ba1\u5176\u94c1\u77ff\u77f3\u4ef7\u683c\u5047\u8bbe\u53ca\u4ea7\u91cf\u5747\u6709\u6240\u4e0a\u5347\u3002<\\\/p>\\n<\\\/section>\\n\\n<section id=\\\"h1-2026\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">5 \u00b7 \u4e2d\u671f\u671f\u95f4<\\\/span><h2>2026\u5e74\u4e2d\u671f\u62ab\u9732\uff1a\u62a5\u544a\u4e86\u4ec0\u4e48\uff0c\u4ee5\u53ca\u5982\u4f55\u89e3\u8bfb<\\\/h2>\\n  <p class=\\\"claim\\\">\u5927\u591a\u6570\u9999\u6e2f\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8\u5728\u8d22\u653f\u5e74\u5ea6\u672b\u8fdb\u884c\u5168\u9762\u51cf\u503c\u6d4b\u8bd5\uff0c\u5728\u4e2d\u671f\u65e5\u901a\u5e38\u53ea\u8bc4\u4f30\u662f\u5426\u51fa\u73b0\u65b0\u7684\u51cf\u503c\u8ff9\u8c61\u3002\u56e0\u6b64\uff0c\u4e2d\u671f\u6570\u5b57\u4ec5\u8bb0\u5f55\u534a\u5e74\u5185\u7684\u62ab\u9732\u60c5\u51b5\uff1b\u5b83\u4eec\u5e76\u975e\u8d8b\u52bf\uff0c\u4e0d\u5e94\u4e0e\u5168\u5e74\u603b\u989d\u6bd4\u8f83\uff0c\u4e5f\u4e0d\u5e94\u89e3\u8bfb\u4e3a\u51cf\u503c\u4e0b\u964d\u3002<\\\/p><\\\/div>\\n  <div class=\\\"grid2\\\">\\n    <div class=\\\"panel\\\"><h3>2026\u5e74\u4e2d\u671f\u62a5\u544a\u62ab\u9732\u7684\u957f\u671f\u8d44\u4ea7\u51cf\u503c\u53ca\u5b58\u8d27\u51cf\u8bb0\uff08\u4eba\u6c11\u5e01\u767e\u4e07\u5143\uff09<\\\/h3><div id=\\\"chartH1\\\"><\\\/div><p class=\\\"cap\\\">\u4ee5\u4e0a\u4e3a\u672a\u7ecf\u5ba1\u8ba1\u7684\u4e2d\u671f\u6570\u5b57\uff0c\u4ec5\u4f9b\u62ab\u9732\u3002\u6c5f\u897f\u94dc\u4e1a\u6309\u8d44\u4ea7\u7c7b\u522b\u5212\u5206\u7684\u6570\u5b57\u7ecf\u81ea\u52a8\u63d0\u53d6\uff0c\u5c1a\u672a\u5bf9\u7167\u539f\u6587\u4ef6\u590d\u6838\uff08\u2021\uff09\u3002<\\\/p><\\\/div>\\n    <div class=\\\"panel\\\"><h3>\u4e2d\u671f\u62a5\u544a\u62ab\u9732\u7684\u5185\u5bb9<\\\/h3>\\n      <p class=\\\"cap\\\"><b>\u51cf\u503c\u3002<\\\/b>\u957f\u671f\u8d44\u4ea7\u51cf\u503c\u96c6\u4e2d\u4e8e\u4e2d\u56fd\u5b8f\u6865\uff08\u4eba\u6c11\u5e01583\u767e\u4e07\u5143\uff0c\u5de5\u5382\u642c\u8fc1\uff09\u53ca\u6c5f\u897f\u94dc\u4e1a\uff08\u4eba\u6c11\u5e01387\u767e\u4e07\u5143\uff09\u3002\u6700\u5927\u7684\u635f\u76ca\u9879\u76ee\u662f\u6c5f\u897f\u94dc\u4e1a\u4eba\u6c11\u5e0124.9\u4ebf\u5143\u7684\u5b58\u8d27\u51cf\u8bb0\uff0c\u8fd9\u5e76\u975e\u8d44\u4ea7\u51cf\u503c\u3002<\\\/p>\\n      <p class=\\\"cap\\\"><b>\u8f6c\u56de\u3002<\\\/b>\u6ca1\u6709\u5927\u578b\u4f01\u4e1a\u62a5\u544a\u8f6c\u56de\u3002\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u62a5\u544a\u4e3b\u4f53\uff08\u7d2b\u91d1\u77ff\u4e1a\u3001\u6d1b\u9633\u94bc\u4e1a\u3001\u4e2d\u56fd\u94dd\u4e1a\u3001\u8d63\u950b\u9502\u4e1a\u3001\u5929\u9f50\u9502\u4e1a\u3001\u5c71\u4e1c\u9ec4\u91d1\u3001\u8d64\u5cf0\u9ec4\u91d1\uff09\u4e0d\u5f97\u8f6c\u56de\u957f\u671f\u8d44\u4ea7\u51cf\u503c\u3002\u4e94\u77ff\u8d44\u6e90\u8868\u793a\u4efb\u4f55\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u5747\u201c\u5e76\u65e0\u51cf\u503c\u6216\u51cf\u503c\u8f6c\u56de\u8ff9\u8c61\u201d\u3002<\\\/p>\\n      <p class=\\\"cap\\\"><b>\u5173\u6ce8\u91cd\u70b9\u3002<\\\/b>FY2026\u5e74\u672b\u7684\u5168\u9762\u6d4b\u8bd5\uff0c\u5c4a\u65f6\u521b\u7eaa\u5f55\u7684\u91d1\u4ef7\u548c\u94dc\u4ef7\u5c06\u4e0e\u66f4\u9ad8\u7684\u7f8e\u5143\u6298\u73b0\u7387\u76f8\u9047\uff08\u89c1\u4e0b\u4e00\u8282\uff09\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"fy2026\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">6 \u00b7 FY2026\u5e74\u672b<\\\/span><h2>\u8f6c\u56de\u6d4b\u8bd5\u9047\u4e0a\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/h2>\\n  <p class=\\\"claim\\\">FY2026\u662fIFRS\u62a5\u544a\u4e3b\u4f53\u9996\u4e2a\u6709\u5408\u7406\u53ef\u80fd\u8f6c\u56de\u51cf\u503c\u7684\u5e74\u672b\u30022026\u5e749\u670822\u65e5\u73b0\u8d27\u91d1\u4ef7\u4e3a4,313\u7f8e\u5143\/\u76ce\u53f8\uff0cLME\u94dc\u4ef7\u521b\u4e0b14,875\u7f8e\u5143\/\u5428\u7684\u7eaa\u5f55\uff0c\u4f46\u50a8\u91cf\u4ef7\u683c\u5047\u8bbe\u8fdc\u4f4e\u4e8e\u6b64\uff08\u7ebd\u8499\u72792,000\u7f8e\u5143\/\u76ce\u53f8\uff1b\u5df4\u91cc\u514b1,500\u7f8e\u5143\/\u76ce\u53f8\uff09\u3002\u7f8e\u8054\u50a8\u4e8e2026\u5e749\u670816\u65e5\u52a0\u606f\uff0c\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u5347\u81f3\u7ea64.8\u20135.3%\u3002\u4e2d\u56fd\u4fee\u8ba2\u540e\u7684\u300a\u77ff\u4ea7\u8d44\u6e90\u6cd5\u300b\u5c06\u91c7\u77ff\u6743\u671f\u9650\u4e0a\u9650\u5b9a\u4e3a30\u5e74\u3002\u9996\u5b97\u9999\u6e2f\u4e0a\u5e02\u516c\u53f8\u9ec4\u91d1\u51cf\u503c\u8f6c\u56de\u5df2\u6709\u8bb0\u5f55\uff1a\u575b\u91d1\u77ff\u4e1a\u7ee7FY3\/2022\u8f6c\u56de125\u767e\u4e07\u6e2f\u5143\u540e\uff0c\u4e8e\u622a\u81f32026\u5e743\u6708\u6b62\u5e74\u5ea6\u56e0\u91d1\u4ef7\u4e0a\u6da8\u8f6c\u56de428\u767e\u4e07\u6e2f\u5143\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u8d44\u4ea7\u7c7b\u578b<\\\/th><th>\u4ef7\u683c\u5bf9\u6bd4FY2025<\\\/th><th>\u5229\u7387<\\\/th><th>\u653f\u7b56\u4e0e\u5730\u7f18\u653f\u6cbb<\\\/th><th>FY2026\u51c0\u4fe1\u53f7<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u91d1\u77ff<\\\/td><td>\u5927\u5e45\u4e0a\u5347\uff082026\u5e748\u6708 4,411\u7f8e\u5143\/\u76ce\u53f8\uff09<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u6743\u76ca\u91d1\u53ca\u66b4\u5229\u7a0e\u98ce\u9669<\\\/td><td><span class=\\\"sig up\\\">\u8f6c\u56de\u5019\u9009\uff0c\u4ec5\u9650IFRS<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u94dc<\\\/td><td>\u521b\u5386\u53f2\u65b0\u9ad8<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u79d8\u9c81\u3001\u521a\u679c\uff08\u91d1\uff09\u3001\u8499\u53e4\u4f9b\u5e94\u4e2d\u65ad<\\\/td><td><span class=\\\"sig up\\\">\u7f13\u51b2\u7a7a\u95f4\u6216\u8f6c\u56de\uff1b\u6d4b\u8bd5\u4e8b\u4ef6\u98ce\u9669<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u9502<\\\/td><td>\u4eba\u6c11\u5e0115\u4e07\u201316\u4e07\u5143\/\u5428\uff0c\u4f4e\u8c37\u4e3a\u4eba\u6c11\u5e016\u4e07\u5143<\\\/td><td>\u597d\u574f\u53c2\u534a<\\\/td><td>\u6c5f\u897f\u724c\u7167\uff1b\u6d25\u5df4\u5e03\u97e6\u7981\u4ee4\uff1b\u667a\u5229<\\\/td><td><span class=\\\"sig mid\\\">IFRS\u4e0b\u6216\u53ef\u8f6c\u56de\uff1b\u5df2\u653e\u5f03\u9879\u76ee\u4ecd\u7ef4\u6301\u51cf\u503c<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u94b4\uff08\u521a\u679c\uff08\u91d1\uff09\uff09<\\\/td><td>\u9ad8\u4f4d\u4f46\u56de\u843d<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u51fa\u53e3\u914d\u989d<\\\/td><td><span class=\\\"sig mid\\\">\u4e2d\u6027\u81f3\u8d1f\u9762<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u954d<\\\/td><td>\u22481.65\u4e07\u7f8e\u5143\/\u5428\uff0c\u75b2\u5f31<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u5370\u5c3c\u914d\u989d<\\\/td><td><span class=\\\"sig down\\\">\u51cf\u503c\u98ce\u9669\u6301\u7eed<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u94c1\u77ff\u77f3<\\\/td><td>\u4f4e\u4e8e100\u7f8e\u5143\/\u5428<\\\/td><td>\u2014<\\\/td><td>\u4e2d\u56fd\u623f\u5730\u4ea7<\\\/td><td><span class=\\\"sig down\\\">\u9ad8\u6210\u672c\u751f\u4ea7\u5546\u9762\u4e34\u98ce\u9669<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u4e2d\u56fd\u52a8\u529b\u7164<\\\/td><td>\u4eba\u6c11\u5e01983\u5143\/\u5428\uff0c2025\u5e74\u5747\u4ef7\u4eba\u6c11\u5e01697\u5143<\\\/td><td>\u4eba\u6c11\u5e01\u5229\u7387\u4f4e<\\\/td><td>\u724c\u7167\u5230\u671f\u3001\u7ea2\u7ebf\u9000\u51fa<\\\/td><td><span class=\\\"sig mid\\\">\u724c\u7167\u53ca\u5173\u505c\u9a71\u52a8\u7684\u51cf\u503c\u6301\u7eed<\\\/span><\\\/td><\\\/tr>\\n      <tr><td>\u51e0\u5185\u4e9a\u94dd\u571f\u77ff\uff0f\u6c27\u5316\u94dd<\\\/td><td>\u8f832025\u5e74\u9ad8\u4f4d\u4f4e20\u201335%<\\\/td><td>\u7f8e\u5143\u5229\u7387\u4e0a\u5347<\\\/td><td>\u724c\u7167\u88ab\u540a\u9500<\\\/td><td><span class=\\\"sig down\\\">\u51cf\u503c\u8ff9\u8c61<\\\/span><\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"size\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">7 \u00b7 \u6309\u516c\u53f8\u89c4\u6a21<\\\/span><h2>\u5c0f\u578b\u77ff\u4f01\u9762\u4e34\u7531\u8bb8\u53ef\u9a71\u52a8\u3001\u975e\u6b64\u5373\u5f7c\u4e14\u5e38\u88ab\u8f6c\u56de\u7684\u51cf\u8bb0<\\\/h2>\\n  <p class=\\\"claim\\\">\u89c4\u6a21\u6539\u53d8\u7684\u4e0d\u4ec5\u662f\u98ce\u9669\u5927\u5c0f\uff0c\u8fd8\u6709\u98ce\u9669\u6027\u8d28\u3002\u7d2b\u91d1\u77ff\u4e1aFY2025\u7684\u51cf\u503c\u7ea6\u5360\u5176\u6d4b\u8bd5\u8d44\u4ea7\u76840.09%\u3002\u5c0f\u578b\u4f01\u4e1a\u4e00\u5e74\u5185\u635f\u5931\u8d44\u4ea7\u56db\u5206\u4e4b\u4e00\u6216\u4ee5\u4e0a\u5c5e\u5e38\u89c1\uff0c\u724c\u7167\u88ab\u540a\u9500\u65f6\u5c06\u8d44\u4ea7\u51cf\u8bb0\u81f3\u96f6\uff0c\u5176\u8f6c\u56de\u4ea6\u88ab\u5ba1\u8ba1\u5e08\u51fa\u5177\u4fdd\u7559\u610f\u89c1\u3002\u65f6\u95f4\u70b9\u4ea6\u4e0d\u540c\uff1aFY2020\u662f\u5927\u578b\u4f01\u4e1a\u7684\u4f4e\u8c37\uff0c\u5374\u662f\u5c0f\u578b\u53d1\u884c\u4eba\u7684\u9ad8\u5cf0\uff0c\u4e2d\u56fd\u79e6\u53d1\uff08\u4eba\u6c11\u5e0139.4\u4ebf\u5143\uff09\u3001\u6e7e\u533a\u9ec4\u91d1\uff0822.7\u4ebf\u6e2f\u5143\uff09\u53ca\u5317\u65b9\u77ff\u4e1a\uff0817.7\u4ebf\u6e2f\u5143\uff09\u5747\u4e8e\u8be5\u5e74\u8ba1\u63d0\u6700\u5927\u989d\u51cf\u503c\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th>\u7ef4\u5ea6<\\\/th><th>\u5927\u578b\u4f01\u4e1a<\\\/th><th>\u4e2d\u578b\u4f01\u4e1a<\\\/th><th>\u5c0f\u578b\u4f01\u4e1a<\\\/th><\\\/tr><\\\/thead>\\n    <tbody>\\n      <tr><td>\u76f8\u5bf9\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u89c4\u6a21<\\\/td><td>\u6781\u5c0f\uff08\u7d2b\u91d1\u77ff\u4e1a\u22480.09%\uff1b\u4e2d\u7164\u80fd\u6e90FY2022\u22485%\uff09<\\\/td><td>\u4e2d\u7b49\u3001\u6ce2\u52a8\uff08\u94c1\u6c5f\u73b0\u8d27\u221248%\uff1b\u4fc4\u94dd\u51c0\u989d\u224818.4\u4ebf\u7f8e\u5143\uff09<\\\/td><td>\u91cd\u5927\uff08\u4e2d\u8a89\u96c6\u56e2\u2248\u51c0\u8d44\u4ea725%\uff1b\u80fd\u6e90\u53ca\u80fd\u91cf\u73af\u7403\u224836%\uff0c\u5176\u540e100%\uff09<\\\/td><\\\/tr>\\n      <tr><td>\u4e3b\u8981\u89e6\u53d1\u56e0\u7d20<\\\/td><td>\u653f\u7b56\u3001\u751f\u6001\u3001\u4ea7\u80fd\u7f6e\u6362\u3001\u5730\u8d28\u6761\u4ef6<\\\/td><td>\u6c47\u7387\u3001\u5236\u88c1\u3001\u8bb8\u53ef\u3001\u80fd\u8017\u6807\u51c6<\\\/td><td>\u724c\u7167\u5230\u671f\u6216\u88ab\u540a\u9500\u3001\u5b89\u5168\u751f\u4ea7\u8bb8\u53ef\u8bc1\u3001\u8d44\u91d1<\\\/td><\\\/tr>\\n    <\\\/tbody><\\\/table><\\\/div>\\n  <div class=\\\"panel\\\"><h3>\u90e8\u5206\u4e2d\u5c0f\u578b\u4f01\u4e1a\u7684\u51cf\u503c\uff08+\uff09\u53ca\u8f6c\u56de\uff08\u2212\uff09\uff0c\u4ee5\u5404\u53d1\u884c\u4eba\u62a5\u544a\u8d27\u5e01\u7684\u767e\u4e07\u5143\u8ba1<\\\/h3><div id=\\\"chartSwings\\\"><\\\/div><p class=\\\"cap\\\">\u6bcf\u5bb6\u53d1\u884c\u4eba\u5747\u4ee5\u5176\u672c\u8eab\u7684\u62a5\u544a\u8d27\u5e01\uff08\u4eba\u6c11\u5e01\u3001\u6e2f\u5143\u6216\u7f8e\u5143\uff09\u5217\u793a\uff0c\u5e76\u672a\u6362\u7b97\u3002\u6761\u5f62\u663e\u793a\u6bcf\u9879\u53d8\u52a8\u7684\u65b9\u5411\u53ca\u5927\u7ea6\u89c4\u6a21\uff0c\u5e76\u975e\u53d1\u884c\u4eba\u4e4b\u95f4\u7684\u7cbe\u786e\u4ef7\u503c\u6bd4\u8f83\u3002<\\\/p><\\\/div>\\n  <div class=\\\"trends\\\">\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fA<\\\/span><h3>\u5728\u4e2d\u56fd\uff0c\u8bb8\u53ef\u94fe\u6761\u5c31\u662f\u89e6\u53d1\u56e0\u7d20<\\\/h3><p class=\\\"cap\\\">\u77ff\u5c71\u9700\u8981\u91c7\u77ff\u8bb8\u53ef\u8bc1\u3001\u5b89\u5168\u751f\u4ea7\u8bb8\u53ef\u8bc1\u3001\u73af\u5883\u5ba1\u6279\u53ca\u571f\u5730\u4f7f\u7528\u6743\uff0c\u4efb\u4f55\u4e00\u73af\u51fa\u73b0\u5ef6\u8bef\u90fd\u4f1a\u63a8\u8fdf\u4f30\u503c\u4e2d\u7684\u590d\u4ea7\u65e5\u671f\u3002\u5317\u65b9\u77ff\u4e1a\u7684\u91c7\u77ff\u8bb8\u53ef\u8bc1\u5df2\u7eed\u671f\u81f32034\u5e74\uff0c\u4f46\u5728\u7b49\u5f85\u5b89\u5168\u751f\u4ea7\u8bb8\u53ef\u8bc1\u671f\u95f4\uff0c\u4ecd\u4e8eFY2024\u786e\u8ba4364\u767e\u4e07\u6e2f\u5143\u51cf\u503c\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fB<\\\/span><h3>\u6d77\u5916\u724c\u7167\u5904\u7f6e\u7ed3\u679c\u975e\u6b64\u5373\u5f7c<\\\/h3><p class=\\\"cap\\\">\u4e2d\u8bc1\u56fd\u9645\u5c06\u5370\u5c3c\u7164\u70ad\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7\u51cf\u8bb0\u81f3\u96f6\uff0c\u724c\u7167\u6062\u590d\u540e\u5374\u672a\u80fd\u4e3a\u8f6c\u56de\u63d0\u4f9b\u8bc1\u636e\u3002\u80fd\u6e90\u53ca\u80fd\u91cf\u73af\u7403\u6838\u950014.5\u4ebf\u6e2f\u5143\uff0c\u83ab\u65af\u79d1\u6cd5\u9662\u88c1\u51b3\u540e\u53c8\u8f6c\u56de\u7ea613.9\u4ebf\u6e2f\u5143\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fC<\\\/span><h3>\u5ba1\u8ba1\u5e08\u5bf9\u8f6c\u56de\u6301\u5ba1\u614e\u6001\u5ea6<\\\/h3><p class=\\\"cap\\\">\u5ba1\u8ba1\u5e08\u5c31\u8f6c\u56de\u672c\u8eab\u53d1\u8868\u4fdd\u7559\u610f\u89c1\u7684\u4e2a\u6848\u5305\u62ec\u6c47\u529b\u8d44\u6e90\uff08FY2019\uff09\u3001\u4e2d\u8bc1\u56fd\u9645\uff08FY6\/2024\uff09\u53ca\u8499\u53e4\u80fd\u6e90\uff08FY3\/2026\uff09\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fD<\\\/span><h3>\u6280\u672f\u6570\u636e\u8fc7\u65f6<\\\/h3><p class=\\\"cap\\\">\u590d\u5174\u4e9a\u6d32\u6839\u636e2015\u5e74\u62a5\u544a\u3001\u91c7\u752850%\u63a8\u65ad\u8d44\u6e90\u91cf\u5bf9\u4e00\u9879\u9ec4\u91d1\u77ff\u6743\u4f30\u503c\u3002\u5e03\u83b1\u514b\u4e07\u7684\u8d44\u6e90\u91cf\u81ea2018\u5e74\u672a\u6709\u66f4\u65b0\uff0c\u800c\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7\u5360\u5176\u8d44\u4ea796\u201399%\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fE<\\\/span><h3>\u6536\u8d2d\u7684\u77ff\u5c71\u5f88\u5feb\u51cf\u503c<\\\/h3><p class=\\\"cap\\\">\u4e2d\u8a89\u96c6\u56e2\u5728\u6536\u8d2dGrande Cache\u7ea622\u4e2a\u6708\u540e\u8ba1\u63d0\u51cf\u503c93.85\u767e\u4e07\u7f8e\u5143\u3002\u4f18\u6d3e\u80fd\u6e90\u8d26\u9762\u6709240\u4ebf\u6e2f\u5143\u4ece\u672a\u8fdb\u884c\u51cf\u503c\u6d4b\u8bd5\u7684\u8d44\u4ea7\uff0c\u6700\u7ec8\u88ab\u9664\u724c\u3002<\\\/p><\\\/div>\\n    <div class=\\\"trend\\\"><span class=\\\"n\\\">\u6a21\u5f0fF<\\\/span><h3>\u65e0\u4fdd\u7559\u610f\u89c1\u5e76\u975e\u8bc1\u660e<\\\/h3><p class=\\\"cap\\\">\u4e2d\u56fd\u7a00\u571fFY2024\u83b7\u65e0\u4fdd\u7559\u610f\u89c1\uff0c\u5e76\u5c06\u51cf\u503c\u5217\u4e3a\u5173\u952e\u5ba1\u8ba1\u4e8b\u9879\uff1b\u5176\u540e\u53d1\u73b0\u9690\u7792\u7684\u9644\u5c5e\u516c\u53f8\u8d37\u6b3e\uff0c\u80a1\u4efd\u73b0\u5df2\u505c\u724c\u3002<\\\/p><\\\/div>\\n  <\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"rates\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">8 \u00b7 \u5173\u952e\u5047\u8bbe<\\\/span><h2>\u6298\u73b0\u7387\u4ecb\u4e4e7%\u81f338%\uff0c\u5176\u57fa\u51c6\u5f80\u5f80\u4e0d\u660e\u786e<\\\/h2>\\n  <p class=\\\"claim\\\">\u6392\u5e8f\u5927\u81f4\u5408\u7406\uff0c\u5f00\u53d1\u9636\u6bb5\u53ca\u56fd\u5bb6\u98ce\u9669\u63a8\u9ad8\u6298\u73b0\u7387\u3002\u4f46\u6807\u7b7e\u6df7\u7528\u7a0e\u524d\u4e0e\u7a0e\u540e\u3001\u5b9e\u9645\u4e0e\u540d\u4e49\uff1b\u53d1\u884c\u4eba\u5728\u516c\u5141\u4ef7\u503c\u51cf\u5904\u7f6e\u6210\u672c\u4e0e\u4f7f\u7528\u4ef7\u503c\u4e4b\u95f4\u5207\u6362\u800c\u4e0d\u4f5c\u89e3\u91ca\uff1b\u90e8\u5206\u51cf\u503c\u7eaf\u7cb9\u6e90\u4e8e\u6298\u73b0\u7387\u53d8\u52a8\uff08\u7231\u5fb7\u65b0\u80fd\u6e90\uff0c\u4eba\u6c11\u5e0150.9\u767e\u4e07\u5143\uff09\u3002<\\\/p><\\\/div>\\n  <div class=\\\"panel\\\"><h3>\u6309\u53d1\u884c\u4eba\u53ca\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u62ab\u9732\u7684\u6298\u73b0\u7387\uff08%\uff09<\\\/h3><div id=\\\"chartRates\\\"><\\\/div><p class=\\\"cap\\\">\u82e5\u6761\u5f62\u663e\u793a\u4e00\u4e2a\u533a\u95f4\uff0c\u5373\u8868\u793a\u6298\u73b0\u7387\u5728\u4e0d\u540c\u5e74\u5ea6\u6709\u6240\u53d8\u52a8\uff0c\u6216\u5728\u4e0d\u540c\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u4e4b\u95f4\u6709\u6240\u4e0d\u540c\u3002\u5404\u6298\u73b0\u7387\u7684\u57fa\u7840\u4e0d\u540c\uff0c\u56e0\u6b64\u4e0d\u80fd\u76f4\u63a5\u6bd4\u8f83\u3002\u9f99\u8d44\u6e90\u7684\u6298\u73b0\u7387\u7ecf\u81ea\u52a8\u63d0\u53d6\uff0c\u5c1a\u672a\u5bf9\u7167\u539f\u6587\u4ef6\u590d\u6838\uff08\u2021\uff09\u3002<\\\/p><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"trends\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">9 \u00b7 \u81f4\u5ba1\u8ba1\u5e08\u53ca\u7ba1\u7406\u5c42<\\\/span><h2>\u5e94\u63d0\u5448\u5ba1\u6838\u59d4\u5458\u4f1a\u7684\u4e5d\u5927\u8d8b\u52bf<\\\/h2><\\\/div>\\n  <div class=\\\"trends\\\" id=\\\"trendCards\\\"><\\\/div>\\n<\\\/section>\\n\\n<section id=\\\"checklist\\\">\\n  <div class=\\\"head\\\"><span class=\\\"eyebrow\\\">10 \u00b7 \u826f\u597d\u5b9e\u52a1<\\\/span><h2>\u51cf\u503c\u8bc4\u4f30\u76f8\u5173\u7684\u62ab\u9732\u6e05\u5355<\\\/h2>\\n  <p class=\\\"claim\\\">\u7efc\u5408HKAS 36\u3001HKFRS 6\u3001HKFRS 13\u3001\u9999\u6e2f\u4ea4\u6613\u6240\u300a\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c\u5341\u516b\u7ae0\u3001\u9999\u6e2f\u4ea4\u6613\u6240\u53ca\u4f1a\u8ba1\u53ca\u8d22\u52a1\u6c47\u62a5\u5c40\u5ba1\u9605\u7ed3\u679c\u3002\u5e76\u975e\u76d1\u7ba1\u673a\u6784\u539f\u6587\u3002<\\\/p><\\\/div>\\n  <div class=\\\"tbl\\\"><table>\\n    <thead><tr><th class=\\\"r\\\">#<\\\/th><th>\u62ab\u9732\u5185\u5bb9<\\\/th><th>\u4f9d\u636e<\\\/th><\\\/tr><\\\/thead>\\n    <tbody id=\\\"checkBody\\\"><\\\/tbody><\\\/table><\\\/div>\\n<\\\/section>\\n\\n<section>\\n  <div class=\\\"conclusion\\\">\\n    <span class=\\\"eyebrow\\\" style=\\\"color:var(--ore)\\\">\u7ed3\u8bba<\\\/span>\\n    <h2>\u9999\u6e2f\u77ff\u4e1a\u516c\u53f8\u7684\u51cf\u503c\u662f\u6cd5\u5f8b\u53ca\u653f\u7b56\u98ce\u9669\u7684\u91cf\u5ea6<\\\/h2>\\n    <p>\u6700\u5927\u989d\u7684\u51cf\u503c\u53ef\u8ffd\u6eaf\u81f3\u6c34\u6e90\u4fdd\u62a4\u533a\u3001\u81ea\u7136\u4fdd\u62a4\u533a\u8fb9\u754c\u3001\u571f\u5730\u5229\u7528\u89c4\u5212\u3001\u4ea7\u80fd\u7f6e\u6362\u6307\u6807\u3001\u724c\u7167\u540a\u9500\u53ca\u51fa\u53e3\u7981\u4ee4\u3002\u5728\u53cc\u91cd\u4f1a\u8ba1\u6846\u67b6\u4e0b\uff0c2025\u201326\u5e74\u7684\u666f\u6c14\u53ea\u80fd\u4ee4IFRS\u62a5\u544a\u4e3b\u4f53\u4ea7\u751f\u8f6c\u56de\uff0c\u800c\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u4e0b\u7684\u51cf\u8bb0\u5219\u5c5e\u6c38\u4e45\u6027\u3002\u66f4\u9ad8\u7684\u7f8e\u5143\u6298\u73b0\u7387\u53ca\u4e2d\u56fd30\u5e74\u7684\u724c\u7167\u671f\u9650\u4e0a\u9650\u6536\u7d27\u4e86\u8f93\u5165\u53c2\u6570\uff0c\u56e0\u6b64\u5c3d\u7ba1\u4ef7\u683c\u521b\u65b0\u9ad8\uff0c\u5ba1\u6838\u59d4\u5458\u4f1a\u5e94\u9884\u671fFY2026\u7684\u6d4b\u8bd5\u6bd4FY2025\u66f4\u4e3a\u56f0\u96be\u3002<\\\/p>\\n    <p>\u6210\u672c\u6700\u4f4e\u7684\u6539\u8fdb\u6700\u80fd\u8bf4\u670d\u76d1\u7ba1\u673a\u6784\uff1a\u5c06\u51cf\u503c\u6a21\u578b\u4e0e\u53d1\u884c\u4eba\u672c\u8eab\u7684\u300a\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c\u5341\u516b\u7ae0\u8d44\u6e90\u91cf\u53ca\u50a8\u91cf\u8bb0\u5f55\u5bf9\u8d26\uff0c\u5e76\u89e3\u91ca\u65b9\u6cd5\u3001\u6298\u73b0\u7387\u6216\u4ef7\u683c\u5047\u8bbe\u7684\u6bcf\u4e00\u9879\u53d8\u52a8\u3002\u8868\u73b0\u6700\u4f73\u7684\u53d1\u884c\u4eba\u5df2\u53d1\u5e03\u94c1\u6c5f\u73b0\u8d27\u5f0f\u7684\u201c\u53d8\u52a8\u57fa\u51c6\u201d\u8868\u3001\u4fc4\u94dd\u5f0f\u7684\u91d1\u989d\u654f\u611f\u5ea6\u5206\u6790\u53ca\u4e94\u77ff\u8d44\u6e90\u5f0f\u7684\u76c8\u5229\u8b66\u544a\u3002<\\\/p>\\n  <\\\/div>\\n<\\\/section>\\n\\n<footer>\\n  <span class=\\\"eyebrow\\\">\u65b9\u6cd5\u4e0e\u8d44\u6599\u6765\u6e90<\\\/span>\\n  <p>\u8d44\u6599\u6765\u6e90\u5305\u62ec\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u62ab\u9732\u6613\u53d1\u5e03\u7684\u5e74\u62a5\u3001\u4e2d\u671f\u62a5\u544a\u3001\u4e1a\u7ee9\u516c\u544a\u53ca\u76c8\u5229\u8b66\u544a\uff0c\u4ee5\u53ca\u4e2d\u56fd\u4e24\u5730\u4e0a\u5e02\u516c\u53f8\u7684A\u80a1\uff08\u5de8\u6f6e\u8d44\u8baf\u3001\u4e0a\u4ea4\u6240\u3001\u6df1\u4ea4\u6240\uff09\u516c\u544a\u3001\u4e16\u754c\u94f6\u884cPink Sheet\u4ef7\u683c\u53ca\u666e\u534e\u6c38\u9053\u300aMine 2026\u300b\u3002\u957f\u671f\u8d44\u4ea7\u6db5\u76d6\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u3001\u5728\u5efa\u5de5\u7a0b\u3001\u91c7\u77ff\u6743\u53ca\u63a2\u77ff\u6743\u3001\u4f7f\u7528\u6743\u8d44\u4ea7\u3001\u5546\u8a89\u3001\u6295\u8d44\u7269\u4e1a\u53ca\u8054\u8425\u516c\u53f8\uff1b\u5b58\u8d27\u3001\u9884\u671f\u4fe1\u7528\u635f\u5931\u53ca\u589e\u503c\u7a0e\u51cf\u503c\u4e0d\u8ba1\u5728\u5185\u3002\u5408\u8ba1\u6570\u4e3a\u4e0b\u9650\uff1b\u4ee5\u7f8e\u5143\u53ca\u6e2f\u5143\u62a5\u544a\u7684\u516c\u53f8\u672a\u7ecf\u6298\u7b97\u3002<\\\/p>\\n  <p>\u4e3b\u8981\u516c\u544a\uff1a<a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0423\/2026042302304.pdf\\\">\u4e2d\u56fd\u94dd\u4e1a2025\u5e74\u62a5<\\\/a> \u00b7 <a href=\\\"http:\/\/static.cninfo.com.cn\/finalpage\/2023-03-24\/1216204000.PDF\\\">\u4e2d\u7164\u80fd\u6e902022\u5e74\u62a5\u6458\u8981<\\\/a> \u00b7 <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0314\/2025031401555.pdf\\\">\u4e2d\u56fd\u5b8f\u6865FY2024<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0326\/2025032602209_c.pdf\\\">\u5929\u9f50\u9502\u4e1aFY2024<\\\/a> \u00b7 <a href=\\\"https:\/\/www.mmg.com\/content\/uploads\/2026\/03\/e_2026-03-03_2025-Annual-Results.pdf\\\">\u4e94\u77ff\u8d44\u6e902025<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0325\/2026032500117.pdf\\\">\u94c1\u6c5f\u73b0\u8d27FY2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0318\/2026031800129.pdf\\\">\u4fc4\u94ddFY2025<\\\/a> \u00b7 <a href=\\\"https:\/\/www.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0728\/2026072801083.pdf\\\">\u80fd\u6e90\u53ca\u80fd\u91cf\u73af\u74032026\u5e74\u62a5<\\\/a> \u00b7 <a href=\\\"https:\/\/thedocs.worldbank.org\/en\/doc\/74e8be41ceb20fa0da750cda2f6b9e4e-0050012026\/related\/CMO-Pink-Sheet-September-2026.pdf\\\">\u4e16\u754c\u94f6\u884cPink Sheet 2026\u5e749\u6708<\\\/a> \u00b7 <a href=\\\"https:\/\/www.pwc.com\/gx\/en\/industries\/energy-utilities-resources\/global-mine-2026.pdf\\\">\u666e\u534e\u6c38\u9053Mine 2026<\\\/a><\\\/p>\\n  <p>Valtech Valuation & Consulting\u4e13\u9898\u7814\u7a76\u62a5\u544a\u3002\u7814\u7a76\u622a\u81f32026\u5e7410\u67082\u65e5\u3002\u4e0d\u6784\u6210\u6295\u8d44\u3001\u6cd5\u5f8b\u6216\u5ba1\u8ba1\u5efa\u8bae\u3002<\\\/p>\\n<\\\/footer>\\n\"};\nfor(const k in BODY) BODY[k]=BODY[k].replace(\"LOGO_L\",LOGO_L).replace(\"LOGO_D\",LOGO_D);\nconst STR={\"en\": {\"ui\": {\"tierLabel\": {\"Major\": \"Majors\", \"Mid-cap\": \"Mid-caps\", \"Small-cap\": \"Small caps\"}, \"tierPill\": {\"Major\": \"Major\", \"Mid-cap\": \"Mid-cap\", \"Small-cap\": \"Small-cap\"}, \"tierDesc\": {\"Major\": \"Large A+H, SOE and HK-listed producers\", \"Mid-cap\": \"Producers with single-country, FX or sanctions exposure\", \"Small-cap\": \"Exploration-stage, single-asset or distressed issuers\"}, \"groups\": {\"Coal\": \"Coal\", \"Gold\": \"Gold\", \"Other minerals\": \"Other minerals\", \"Copper & diversified\": \"Copper & diversified\", \"Iron ore\": \"Iron ore\", \"Aluminium\": \"Aluminium\", \"Lithium\": \"Lithium\"}, \"kpiN\": \"HKEX-listed mining companies studied ({maj} majors, {mid} mid-caps, {sm} small caps)\", \"uniCount\": \"{n} of {t} shown\", \"themeToDark\": \"Dark theme\", \"themeToLight\": \"Light theme\", \"themeAria\": \"Switch to {x} theme\", \"dark\": \"dark\", \"light\": \"light\", \"fourOthers\": \"4 others (Ganfeng, CMOC\u2026)\", \"assetKey\": \"\u2248RMB{v}m \u00b7 {p}%\", \"legendLong\": \"Long-lived impairment\", \"legendInv\": \"Inventory write-down\", \"axisImp\": \"impairment \u2192\", \"axisRev\": \"\u2190 reversal\", \"millionSuffix\": \"m\", \"trendWord\": \"Trend\", \"evidence\": \"Evidence\", \"management\": \"Management\", \"auditor\": \"Auditor\", \"ariaCommodity\": \"Companies by commodity and tier\", \"ariaCycle\": \"Annual impairment versus coal price\"}, \"companies\": {\"1029\": [\"IRC\", \"Iron ore\", \"US$75.8m reversal FY2020; impairments US$103m \/ 164m \/ 160m (FY22\/23\/25); rouble strength\"], \"1088\": [\"China Shenhua Energy\", \"Coal\", \"\u2248RMB6.4bn FY2022\u201325; PP&E RMB2,151m (2022) and RMB2,782m (2023)\"], \"1091\": [\"South Manganese Investment\", \"Manganese\", \"HK$95m \/ 22m \/ 236m \/ 120m FY2019\u201322 on mining rights and PP&E; FY2022 results delayed\"], \"1104\": [\"APAC Resources\", \"Iron ore stakes\", \"Associates: \u2248HK$465m FY2022 (est.), 277m, 80m, 107m; net HK$245m reversal FY2026\"], \"1131\": [\"Agritrade Resources\", \"Coal\", \"No FY3\/2020 results; delisted Jan 2022\"], \"1142\": [\"E&P Global (ex-Siberian Mining)\", \"Coal (Russia)\", \"+HK$787m FY3\/25; written to nil 1H FY3\/26 then written back after court ruling; FY3\/26 net charge disputed (HK$13m vs 63m)\"], \"1171\": [\"Yankuang Energy\", \"Coal\", \"\u2248RMB2.6bn; FY2022 RMB2,140m confirmed (Australian exploration assets, Premier mine)\"], \"1194\": [\"Bay Area Gold (ex-China Precious Metal)\", \"Gold\", \"HK$2,269m FY2020 (mining rights 1,335 + fixed assets 934); disclaimer FY2021; delisted Mar 2024\"], \"1208\": [\"MMG\", \"Copper \/ zinc\", \"US$493m: Kinsevere US$150m FY2019, US$53m FY2024, US$290m FY2025\"], \"1231\": [\"Newton Resources\", \"Iron ore\", \"Charge on expired-permit mine before 2020 sale; US$4.1m offtake right\"], \"1258\": [\"China Nonferrous Mining\", \"Copper\", \"No PP&E\/mining-rights impairment found; input-VAT impairments only\"], \"1277\": [\"Kinetic Development\", \"Coal\", \"RMB287m FY2025, all non-coal (property, goodwill)\"], \"1303\": [\"Huili Resources\", \"Nickel \/ gold\", \"Reversals RMB15.4m and RMB14.9m; qualified FY2019\"], \"1370\": [\"Aowei Holding (ex-Hengshi Mining)\", \"Iron ore\", \"\u2248RMB260m FY2019; RMB55m \/ 299m \/ 177m \/ 171m FY2022\u201325; going-concern MU FY2023\"], \"1378\": [\"China Hongqiao Group\", \"Aluminium\", \"\u2248RMB8.0bn; plant-level PP&E charges incl. RMB2,636m FY2024 and RMB583m 1H2026\"], \"1380\": [\"China Kingstone Mining\", \"Marble \/ limestone\", \"RMB27m FY2023 and RMB56m FY2024 at 24\u201326%; nil FY2025 at 37.4%\"], \"1393\": [\"Hidili Industry\", \"Coal\", \"No mine charge found; RMB7.1bn mining assets under restructuring\"], \"1712\": [\"Dragon Mining\", \"Gold\", \"Nil despite F\u00e4boliden permit refusals; FY2024 Vammala at 7.0% pre-tax, US$2,405\/oz\"], \"1733\": [\"E-Commodities Holdings\", \"Coal logistics\", \"HK$253m FY2021; net reversal FY2022; HK$44m FY2023\"], \"1738\": [\"Feishang Anthracite\", \"Coal\", \"RMB263m \/ 160m \/ 205m FY2023\u201325 on Liujiaba and Baiping mines (confirmed)\"], \"1772\": [\"Ganfeng Lithium\", \"Lithium\", \"RMB84m FY2024; RMB215m FY2025 (both confirmed); FY2019\u201323 not verified\"], \"1787\": [\"Shandong Gold Mining\", \"Gold\", \"\u2248RMB1.1bn; FY2025 RMB793m (fixed assets 452, goodwill 339); goodwill balance RMB12.67bn\"], \"1818\": [\"Zhaojin Mining\", \"Gold\", \"\u2248RMB2.4bn FY2023\u201325; FY2025 RMB1,596m incl. copper smelter and mine in water-protection zone\"], \"1878\": [\"SouthGobi Resources\", \"Coal\", \"US$42.0m PP&E FY2025 (+US$77.3m stockpile)\"], \"1898\": [\"China Coal Energy\", \"Coal\", \"\u2248RMB13.6bn; FY2022 RMB8,801m incl. Shalajida exploration right RMB6,285m (water-protection zone)\"], \"2099\": [\"China Gold International\", \"Gold \/ copper\", \"No mine CGU impairment to date (confirmed); US$5.9m other assets FY2025\"], \"2112\": [\"CAA Resources\", \"Iron ore (Malaysia)\", \"No mining-asset impairment found; provisional liquidators Jun 2021\"], \"2133\": [\"Greenway Mining (ex-China Polymetallic)\", \"Lead \/ zinc\", \"RMB2.9m FY2019 only data; delisted Apr 2023\"], \"2212\": [\"Future Bright Mining\", \"Marble\", \"Nil; 47-year VIU projection\"], \"2237\": [\"China Graphite Group\", \"Graphite\", \"Listed Jul 2022; no mining-asset impairment FY2024\u20131H2026\"], \"2245\": [\"Lygend Resources & Technology\", \"Nickel\", \"RMB142m customer intangible FY2024; nothing on Indonesian plant\"], \"2259\": [\"Zijin Gold International\", \"Gold\", \"Listed Sep 2025; nil\"], \"2302\": [\"CNNC International\", \"Uranium\", \"E&E HK$210m FY2019 and PP&E HK$12m FY2020 (Mongolian uranium); mainly a trader\"], \"2303\": [\"Hengxing Gold\", \"Gold\", \"No impairment seen; privatised Feb 2021\"], \"2362\": [\"Jinchuan Group Intl Resources\", \"Copper \/ cobalt\", \"US$8.6m Chibuluma South PP&E 1H2020; later only VAT impairments\"], \"2489\": [\"Persistence Gold\", \"Gold\", \"Listed Dec 2023; no impairment seen\"], \"2546\": [\"Xizang Zhihui Mining\", \"Zinc \/ lead \/ copper\", \"Listed Dec 2025; no impairment data yet\"], \"2600\": [\"Aluminum Corporation of China (Chalco)\", \"Aluminium\", \"\u2248RMB15.0bn FY19\u201325 (restated), largest in study; charges every year from capacity relocation and idle lines\"], \"2623\": [\"ADD New Energy \/ HK Gold Industry\", \"Ilmenite\", \"RMB50.9m FY2025 from a higher discount rate alone\"], \"2668\": [\"Pak Tak International\", \"Iron ore\", \"Goodwill HK$165m FY2024 (share-price artefact); HK$11m FY2025\"], \"2899\": [\"Zijin Mining\", \"Diversified\", \"\u2248RMB2.1bn; FY2021 RMB529m (newly verified); immaterial vs assets (\u22480.09% in FY2025)\"], \"3330\": [\"Lingbao Gold\", \"Gold\", \"RMB26m \/ 58m \/ 10m \/ 87m \/ 40m FY2019\u201323; nil FY2024\u20131H2026\"], \"3636\": [\"Yunnan Jinxun Resources\", \"Mining (new listing)\", \"Listed Jan 2026; no impairment data yet\"], \"3668\": [\"Yancoal Australia\", \"Coal\", \"A$1,383m Watagan reconsolidation loss FY2020 (not an IAS 36 charge); other years n.v.\"], \"3788\": [\"Hanking Gold International\", \"Iron ore \/ gold\", \"Small: RMB17.5m idle plant FY2019; largest RMB31.1m FY2023; RMB12.4m 1H2026\"], \"3833\": [\"Xinjiang Xinxin Mining\", \"Nickel \/ copper\", \"RMB135.5m vanadium rights FY2020 (nature reserve); RMB83.6m smelter + goodwill FY2022\"], \"3858\": [\"Jiaxin International Resources\", \"Tungsten\", \"Listed Aug 2025; no impairment data yet\"], \"3939\": [\"Wanguo Gold Group\", \"Copper \/ gold\", \"RMB11.4m Xizang Changdu FY2021; FY2025 headroom RMB128m at 28.31% (confirmed)\"], \"3948\": [\"Inner Mongolia Yitai Coal\", \"Coal\", \"RMB3.2bn FY2020 and \u2248RMB3.2bn FY2022, both on coal-chemical plants; H shares withdrawn Aug 2023\"], \"3993\": [\"CMOC Group\", \"Copper \/ cobalt\", \"Goodwill \u2248RMB221m FY2020 (Brazil phosphate, secondary); FY2022\u201325 not verified\"], \"6228\": [\"Merdeka Gold Resources (DR)\", \"Gold\", \"Listed Jun 2026; no impairment data yet\"], \"6693\": [\"Chifeng Jilong Gold\", \"Gold\", \"H shares listed Mar 2025; RMB54m FY2025; 1H2026 reversal RMB31.9m is on non-long-lived assets\"], \"8203\": [\"Kaisun Holdings (GEM)\", \"Coal\", \"HK$53.7m Xinjiang mining rights FY2025 (22% of value)\"], \"8299\": [\"GT Gold Holdings (GEM)\", \"Gold\", \"No long-lived impairment found FY3\/2020\u2013FY3\/2026\"], \"9696\": [\"Tianqi Lithium\", \"Lithium\", \"\u2248RMB7.5bn; SQM stake RMB5,310m FY2019 (CAS, corrected); Kwinana + SQM RMB2,238m FY2024 (IFRS)\"], \"0358\": [\"Jiangxi Copper\", \"Copper\", \"\u2248RMB1.9bn; Chengmenshan RMB946m FY2025 (land-use plan); RMB2.49bn inventory write-down 1H2026\"], \"0975\": [\"Mongolian Mining Corp\", \"Coking coal\", \"No impairment FY2024\u201325 (tested: net assets > market cap); no headroom disclosed\"], \"0639\": [\"Shougang Fushan Resources\", \"Coking coal\", \"Nil on mines; carries HK$5.9bn mining rights + HK$1.2bn goodwill\"], \"0486\": [\"United Company RUSAL\", \"Aluminium \/ bauxite\", \"Net \u2248US$1.84bn FY19\u201325 (FY2019 US$291m confirmed); KAZ smelter flipped four times; going-concern MU FY24\u201325\"], \"0866\": [\"China Qinfa Group\", \"Coal\", \"RMB3,939m FY2020 (SRK reserve downgrade); RMB2,294m reversal FY2021; Shanxi mines sold Jul 2025\"], \"0340\": [\"Tongguan Gold Group\", \"Gold\", \"No impairment FY2019\u20131H2026 (VIU, 13.2\u201317.1% pre-tax); HK$37m licence write-off FY2023; KAM every year\"], \"0661\": [\"China Daye Non-Ferrous\", \"Copper\", \"Nil on Sareke mine FY2019\u201321; RMB18.3m FY2022; FY2025 recoverable amount 'close to' carrying amount\"], \"0769\": [\"China Rare Earth Holdings\", \"Rare earths\", \"Suspended since Jun 2025; concealed loans despite clean FY2024 opinion\"], \"0601\": [\"Rare Earth Magnesium Technology\", \"Magnesium\", \"VIU tested at a post-tax rate (15.02%); going-concern MU\"], \"0276\": [\"Mongolia Energy Corp\", \"Coal\", \"HK$1,299m FY3\/2025; HK$277m reversal FY3\/2026, qualified (confirmed)\"], \"0985\": [\"CST Group\", \"Coking coal\", \"US$93.85m FY3\/20; US$32.9m reversal FY3\/22; US$71.4m FY3\/23; privatised Dec 2023\"], \"0433\": [\"North Mining Shares\", \"Molybdenum \/ feldspar\", \"HK$613m FY2019; HK$1,774m feldspar right FY2020; HK$97m FY2023; HK$364m FY2024; disclaimer FY2024\"], \"0943\": [\"Zhongzheng (ex-eForce)\", \"Coal (Indonesia)\", \"HK$108m to nil 2022; HK$31.8m reversal; HK$15.6m FY6\/2026 to sale price; qualified\"], \"0307\": [\"Up Energy Development\", \"Coking coal\", \"HK$6.8bn FY3\/2018 + HK$574m FY3\/2019; delisted Jan 2022\"], \"0065\": [\"Grand Ocean Advanced Resources\", \"Coal\", \"Mine 958: +HK$14m \/ 35m, reversals 33m \/ 27m, then +26m \/ 44m (FY2019\u201325)\"], \"0621\": [\"Taung Gold International\", \"Gold (South Africa)\", \"HK$626m FY3\/21; reversals HK$125m FY3\/22 and HK$428m FY3\/26 on gold price\"], \"0274\": [\"Renaissance Asia Silk Road\", \"Gold\", \"Repeated charges FY2020\u201322 on 2015 data; disclaimers; suspended\"], \"0246\": [\"Real Gold Mining\", \"Gold\", \"RMB608m E&E written off; disclaimers; delisted Apr 2020\"], \"0195\": [\"Greentech Technology Intl\", \"Tin (Australia)\", \"Reversals HK$28m FY2020 and HK$257m FY2021; suspended Sep 2024, cancellation decided Apr 2026\"], \"0893\": [\"China Vanadium Titano-Magnetite\", \"Iron ore \/ vanadium\", \"Heavy pre-2019 charges; RMB9.1m FY2024\"], \"0159\": [\"Brockman Mining\", \"Iron ore (E&E)\", \"Nil every year; E&E 96\u201399% of assets; cash HK$3.9m\"], \"0803\": [\"Prosperity International\", \"Iron ore \/ granite\", \"\u2248HK$31m Malaysian iron ore FY3\/2020; delisted Feb 2023\"], \"0899\": [\"Asia Resources Holdings\", \"Mineral water mine\", \"Pre-2016 charges only; HKEX criticised directors (2020)\"]}, \"byCompany\": [\"Chalco\", \"China Coal\", \"China Hongqiao\", \"Tianqi\", \"China Shenhua\", \"Yankuang\", \"Zhaojin\", \"Zijin\", \"Jiangxi Copper\", \"Shandong Gold\", \"4 others\"], \"byAsset\": [\"PP&E, CIP, ROU & other\", \"Mining & exploration rights\", \"Equity-accounted stakes\", \"Goodwill\"], \"byCommodity\": [\"Aluminium\", \"Coal\", \"Lithium\", \"Gold\", \"Copper & diversified\"], \"annualLabels\": [\"FY2019\", \"FY2020\", \"FY2021\", \"FY2022\", \"FY2023\", \"FY2024\", \"FY2025\"], \"discountRates\": [[\"BHP benchmark (FY2024)\", \"real post-tax\"], [\"Dragon Mining, Vammala\", \"pre-tax\"], [\"China Coal, Shalajida\", \"FVLCD\"], [\"Bay Area Gold (2019\u201320)\", \"income approach\"], [\"Aowei iron ore\", \"pre-tax\"], [\"China Daye, Hui Xiang\", \"pre-tax\"], [\"IRC, K&S\", \"nominal pre-tax\"], [\"Tongguan Gold\", \"pre-tax\"], [\"South Manganese\", \"pre-tax\"], [\"REMT magnesium\", \"post-tax (VIU)\"], [\"RUSAL CGUs\", \"pre-tax nominal\"], [\"Hanking iron mines\", \"VIU\"], [\"Grand Ocean, Mine 958\", \"pre-tax\"], [\"Mongolian Mining\", \"pre-tax\"], [\"Zhongzheng, PT Bara\", \"pre-tax\"], [\"SouthGobi, Ovoot Tolgoi\", \"pre-tax\"], [\"Taung Gold (FY3\/2025)\", \"VIU\"], [\"China Kingstone\", \"pre-tax\"], [\"Wanguo, Xizang Changdu\", \"basis switched\"], [\"E&P Global, Kemerovo\", \"post-tax\"]], \"swings\": [\"China Qinfa FY2020\", \"China Qinfa FY2021\", \"Bay Area Gold FY2020\", \"North Mining FY2020\", \"Mongolia Energy FY3\/25\", \"Mongolia Energy FY3\/26\", \"E&P Global FY3\/25\", \"E&P Global 2H FY3\/26 (derived)\", \"Taung Gold FY3\/21\", \"Taung Gold FY3\/26\", \"Greentech FY2021\", \"IRC FY2025\", \"IRC FY2020\", \"CST FY3\/2020\", \"CST FY3\/2022\"], \"h1Names\": [\"Jiangxi Copper\", \"China Hongqiao\", \"Chalco\", \"Zijin\", \"Yankuang\", \"China Coal\"], \"trends\": [[\"Policy, permit and legal events trigger most large charges\", \"Shalajida; Zhaojin water-source mine; Xinxin nature reserve; Chengmenshan land-use plan; North Mining; E&P Global\", \"Keep a licence and permit register (expiry, renewal path, permitted capacity, protected-area overlap) in the indicator review\", \"Obtain legal evidence on tenure; test horizon and volumes against permits\"], [\"SOE write-downs cluster in high-profit years\", \"47% in FY2021\u201322; \u2248RMB1.6bn trough in FY2020\", \"Document why indicators arose when they did\", \"Retrospective review of prior 'no indicator' conclusions\"], [\"Goodwill is \u22482% of charges; premium sits in mining rights and associates\", \"SQM RMB5.28bn; Shandong Gold goodwill RMB12.67bn vs \u2248RMB0.5bn impaired\", \"Test acquired mining rights and associates as rigorously as goodwill\", \"Treat early impairment of an acquired mine as a red flag (SFC Guidance Note para 14)\"], [\"Reversals are absent at CAS reporters and contested at small IFRS reporters\", \"No major-company reversal; qualifications at Huili, Zhongzheng, Mongolia Energy\", \"IFRS: document FY2026 reversal assessments for gold and copper. CAS: disclose the prohibition\", \"Demand evidence for both the charge and the reversal; avoid unverifiable write-offs to nil\"], [\"Discount rates vary widely and their basis is inconsistent\", \"7%\u201338%; IRC label flip; REMT post-tax VIU\", \"State tax and inflation basis consistently; explain year-on-year moves\", \"Recompute rates; test sensitivity to higher 2026 USD rates\"], [\"Small caps face binary legal outcomes\", \"Zhongzheng; E&P Global; Up Energy\", \"Disclose legal-scenario weighting\", \"Assess whether an expected-cash-flow approach is needed\"], [\"Technical data is stale\", \"Renaissance 2015 report; Brockman resource unchanged since 2018\", \"Refresh the Competent Person's Report when indicators exist\", \"Evaluate management's experts under HKSA 500\/620\"], [\"Basis effects distort comparisons\", \"Chalco restatement; Tianqi IFRS-only SQM charge; CAS inventory inclusion\", \"Footnote basis and restated vs original figures\", \"Check IFRS\u2013CAS reconciling items for hidden impairment differences\"], [\"Inventory write-downs dominate P&L swings in good years\", \"Jiangxi Copper RMB2.49bn inventory write-down (1H2026 interim)\", \"Present separately from asset impairments\", \"Do not net inventory releases against long-lived charges\"]], \"checklist\": [[\"Indicator assessment each reporting date: prices, FX, rates, fiscal and licence changes, market cap vs net assets, reserve cuts, suspensions\", \"HKAS 36.9\u201314; HKAS 1.122; HKEX FSRP 2016\", \"MMG's 'no indicators for impairment or impairment reversal' statement per CGU\"], [\"For E&E: the HKFRS 6 facts and circumstances, then the HKAS 36 test\", \"HKFRS 6\", \"North Mining fully provided on an expired right; Brockman's indicator-only approach is the contrast\"], [\"CGU definition and any regrouping, with reasons\", \"HKAS 36.130(d); AFRC 2023\", \"Hongqiao: 'The CGU is an individual plant'\"], [\"Where indicators existed but no charge: the test, conclusion and headroom\", \"HKAS 1.122\/125; HKEX Guide s.3.4\", \"Daye 'close to' with no number (weak)\"], [\"The specific events and circumstances behind the charge\", \"HKAS 36.130(a); HKEX Guide s.2.3\", \"MMG's four Kinsevere indicators; Shalajida's 68% water-zone overlap\"], [\"Amount by asset class and by segment\", \"HKAS 36.130(b)\u2013(d)\", \"Zhaojin split by asset class and by gold vs copper\"], [\"Recoverable amount, FVLCD or VIU, fair-value level and technique\", \"HKAS 36.130(e)\u2013(g); HKFRS 13\", \"Shalajida recoverable amount RMB3.54bn with valuation report number\"], [\"Valuer's identity, code used, and the directors' own challenge\", \"HKEX Guide s.3.4; Rules 3.08, 18.34; SFC Guidance Note\", \"Daye names JLL; Asia Resources shows the cost of not challenging\"], [\"Quantified deck: prices with source and prior year, FX, discount rate, production, grade, costs, capex, royalties, closure, mine life\", \"HKAS 36.134(d)\u2013(e); AFRC 2025-26\", \"IRC's year-on-year table; Shalajida's price, cost and life\"], [\"How each value was set and why it changed from the prior year\", \"HKEX Guide s.2.3; HKAS 36.130(g)\", \"IRC's 'basis and reason(s) for changes'; Grand Ocean's unexplained rise (weak)\"], [\"Discount-rate basis stated consistently: pre\/post-tax, real\/nominal, country premium\", \"HKAS 36.55\", \"IRC label flip, Wanguo basis switch, REMT post-tax VIU (weak)\"], [\"Projection horizon tied to licence term, permitted volumes and reserves\", \"HKAS 36.33; Asia Resources\", \"Hanking uses shorter of production life and licence term\"], [\"Value split between reserves, converted resources and unapproved expansions\", \"HKAS 36.134(e); Rule 18.30\", \"Renaissance's 50% of inferred resources (weak)\"], [\"Headroom for at-risk CGUs, not only goodwill CGUs\", \"HKAS 36.134(f); AFRC 2025-26\", \"Wanguo RMB128.1m\u2021\"], [\"Break-even change or impairment per unit change for key assumptions\", \"HKAS 36.134(f); HKAS 1.125, 1.129\", \"RUSAL US$236m per \u22125% aluminium; SouthGobi \u00b11% table\"], [\"A negative statement only when headroom supports it\", \"HKEX Guide s.3.4\", \"MMC FY2024\u201325 statement without headroom (weak)\"], [\"Reconciliation to the Chapter 18 reserves update, CPR and feasibility study\", \"Rules 18.15\u201318.18, 18.30; GL47-13\", \"MMG reserves deck (copper US$4.19\/lb)\"], [\"Climate and carbon assumptions consistent with climate disclosures\", \"IFRS educational material; HKEX climate guidance\", \"Gap at HK coal majors\"], [\"Consistency with MD&A, going-concern statements and circular valuations\", \"SFC Guidance Note para 14\", \"CST impaired \u224822 months after acquisition\"], [\"Framework and basis: CAS vs IFRS, restated vs original\", \"HKAS 8; reconciliation notes\", \"Tianqi IFRS-only SQM RMB818.5m; Chalco restatement\"], [\"Reversal assessment each period; CAS reporters state the prohibition\", \"HKAS 36 reversal rules; CAS 8\", \"IRC FY2020 reversal rationale; Chalco 'cannot be reversed'\"], [\"For write-offs 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\"IFRS\uff1a\u8a18\u9304FY2026\u9ec3\u91d1\u53ca\u9285\u8cc7\u7522\u7684\u64a5\u56de\u8a55\u4f30\u3002\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\uff1a\u62ab\u9732\u7981\u6b62\u64a5\u56de\u7684\u898f\u5b9a\", \"\u8981\u6c42\u5c31\u6e1b\u503c\u53ca\u64a5\u56de\u5747\u63d0\u4f9b\u8b49\u64da\uff1b\u907f\u514d\u7121\u6cd5\u6838\u5be6\u7684\u6487\u6e1b\u81f3\u96f6\"], [\"\u6298\u73fe\u7387\u5dee\u7570\u751a\u5927\uff0c\u57fa\u790e\u4ea6\u4e0d\u4e00\u81f4\", \"7%\u201338%\uff1b\u9435\u6c5f\u73fe\u8ca8\u6a19\u7c64\u524d\u5f8c\u4e0d\u4e00\uff1b\u7a00\u9382\u79d1\u6280\u4ee5\u7a05\u5f8c\u7387\u8a08\u7b97\u4f7f\u7528\u50f9\u503c\", \"\u4e00\u81f4\u8aaa\u660e\u7a05\u9805\u53ca\u901a\u8139\u57fa\u790e\uff1b\u89e3\u91cb\u6309\u5e74\u8b8a\u52d5\", \"\u91cd\u65b0\u8a08\u7b97\u6298\u73fe\u7387\uff1b\u6e2c\u8a66\u5c0d2026\u5e74\u7f8e\u5143\u5229\u7387\u4e0a\u5347\u7684\u654f\u611f\u5ea6\"], [\"\u5c0f\u578b\u4f01\u696d\u9762\u5c0d\u975e\u6b64\u5373\u5f7c\u7684\u6cd5\u5f8b\u7d50\u679c\", \"\u4e2d\u8b49\u570b\u969b\uff1b\u80fd\u6e90\u53ca\u80fd\u91cf\u74b0\u7403\uff1b\u512a\u6d3e\u80fd\u6e90\", \"\u62ab\u9732\u6cd5\u5f8b\u60c5\u5883\u7684\u6b0a\u91cd\", \"\u8a55\u4f30\u662f\u5426\u9700\u8981\u63a1\u7528\u9810\u671f\u73fe\u91d1\u6d41\u91cf\u6cd5\"], [\"\u6280\u8853\u6578\u64da\u904e\u6642\", \"\u5fa9\u8208\u4e9e\u6d32\u4f9d\u64da2015\u5e74\u5831\u544a\uff1b\u5e03\u840a\u514b\u842c\u7926\u696d\u8cc7\u6e90\u91cf\u81ea2018\u5e74\u672a\u6709\u66f4\u65b0\", \"\u51fa\u73fe\u6e1b\u503c\u8de1\u8c61\u6642\u66f4\u65b0\u5408\u8cc7\u683c\u4eba\u58eb\u5831\u544a\", \"\u6309HKSA 500\/620\u8a55\u4f30\u7ba1\u7406\u5c64\u5c08\u5bb6\"], [\"\u6703\u8a08\u57fa\u790e\u5dee\u7570\u626d\u66f2\u6bd4\u8f03\", \"\u4e2d\u570b\u92c1\u696d\u91cd\u5217\uff1b\u5929\u9f4a\u92f0\u696d\u50c5\u65bcIFRS\u4e0b\u78ba\u8a8d\u7684SQM\u6e1b\u503c\uff1b\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u8a08\u5165\u5b58\u8ca8\", \"\u4ee5\u9644\u8a3b\u8aaa\u660e\u6703\u8a08\u57fa\u790e\u53ca\u91cd\u5217\u8207\u539f\u5217\u6578\u5b57\", \"\u6aa2\u67e5IFRS\u8207\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u8abf\u7bc0\u9805\u76ee\u4e2d\u96b1\u85cf\u7684\u6e1b\u503c\u5dee\u7570\"], [\"\u5728\u597d\u5e74\u666f\uff0c\u5b58\u8ca8\u6487\u6e1b\u4e3b\u5c0e\u640d\u76ca\u6ce2\u52d5\", \"\u6c5f\u897f\u9285\u696d\u5b58\u8ca8\u6487\u6e1b\u4eba\u6c11\u5e6324.9\u5104\u5143\uff081H2026\u4e2d\u671f\uff09\", \"\u8207\u8cc7\u7522\u6e1b\u503c\u5206\u958b\u5217\u793a\", \"\u52ff\u4ee5\u5b58\u8ca8\u64a5\u56de\u62b5\u92b7\u9577\u671f\u8cc7\u7522\u6e1b\u503c\"]], \"checklist\": [[\"\u6bcf\u500b\u5831\u544a\u65e5\u8a55\u4f30\u6e1b\u503c\u8de1\u8c61\uff1a\u50f9\u683c\u3001\u532f\u7387\u3001\u5229\u7387\u3001\u8ca1\u653f\u53ca\u724c\u7167\u8b8a\u52d5\u3001\u5e02\u503c\u8207\u6de8\u8cc7\u7522\u6bd4\u8f03\u3001\u5132\u91cf\u4e0b\u8abf\u3001\u505c\u7522\", \"HKAS 36.9\u201314\uff1bHKAS 1.122\uff1b\u9999\u6e2f\u4ea4\u6613\u62402016\u5e74\u8ca1\u52d9\u5831\u8868\u5be9\u95b1\u8a08\u5283\", \"\u4e94\u7926\u8cc7\u6e90\u6309\u6bcf\u500b\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\u4f5c\u51fa\u300c\u4e26\u7121\u6e1b\u503c\u6216\u6e1b\u503c\u64a5\u56de\u8de1\u8c61\u300d\u7684\u8072\u660e\"], [\"\u52d8\u63a2\u53ca\u8a55\u4f30\u8cc7\u7522\uff1a\u5148\u6309HKFRS 6\u7684\u4e8b\u5be6\u53ca\u60c5\u6cc1\u8a55\u4f30\uff0c\u518d\u9032\u884cHKAS 36\u6e2c\u8a66\", \"HKFRS 6\", \"\u5317\u65b9\u7926\u696d\u5c31\u5df2\u5c46\u6eff\u7926\u6b0a\u5168\u6578\u8a08\u63d0\uff1b\u5e03\u840a\u514b\u842c\u7926\u696d\u50c5\u8a55\u4f30\u8de1\u8c61\u7684\u505a\u6cd5\u70ba\u5c0d\u7167\"], [\"\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\u7684\u754c\u5b9a\u53ca\u4efb\u4f55\u91cd\u65b0\u5206\u7d44\uff0c\u4e26\u8aaa\u660e\u7406\u7531\", \"HKAS 36.130(d)\uff1b\u6703\u8a08\u53ca\u8ca1\u52d9\u532f\u5831\u5c402023\", \"\u4e2d\u570b\u5b8f\u6a4b\uff1a\u300c\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\u70ba\u500b\u5225\u5ee0\u623f\u300d\"], [\"\u5b58\u5728\u6e1b\u503c\u8de1\u8c61\u4f46\u672a\u8a08\u63d0\u6e1b\u503c\u6642\uff1a\u6e2c\u8a66\u3001\u7d50\u8ad6\u53ca\u7de9\u885d\u7a7a\u9593\", \"HKAS 1.122\/125\uff1b\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15\u7b2c3.4\u7bc0\", \"\u5927\u51b6\u6709\u8272\u50c5\u7a31\u300c\u63a5\u8fd1\u300d\u800c\u7121\u6578\u5b57\uff08\u8584\u5f31\uff09\"], [\"\u5c0e\u81f4\u6e1b\u503c\u7684\u5177\u9ad4\u4e8b\u4ef6\u53ca\u60c5\u6cc1\", \"HKAS 36.130(a)\uff1b\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15\u7b2c2.3\u7bc0\", \"\u4e94\u7926\u8cc7\u6e90Kinsevere\u7684\u56db\u9805\u8de1\u8c61\uff1b\u6c99\u62c9\u5409\u9054\u8207\u6c34\u6e90\u4fdd\u8b77\u5340\u91cd\u758a68%\"], [\"\u6309\u8cc7\u7522\u985e\u5225\u53ca\u5206\u90e8\u5283\u5206\u7684\u91d1\u984d\", \"HKAS 36.130(b)\u2013(d)\", \"\u62db\u91d1\u7926\u696d\u6309\u8cc7\u7522\u985e\u5225\u53ca\u9ec3\u91d1\u8207\u9285\u5206\u62c6\"], [\"\u53ef\u6536\u56de\u91d1\u984d\u3001\u516c\u5141\u50f9\u503c\u6e1b\u51fa\u552e\u6210\u672c\u6216\u4f7f\u7528\u50f9\u503c\u3001\u516c\u5141\u50f9\u503c\u5c64\u7d1a\u53ca\u4f30\u503c\u6280\u8853\", \"HKAS 36.130(e)\u2013(g)\uff1bHKFRS 13\", \"\u6c99\u62c9\u5409\u9054\u53ef\u6536\u56de\u91d1\u984d\u4eba\u6c11\u5e6335.4\u5104\u5143\uff0c\u4e26\u9644\u4f30\u503c\u5831\u544a\u7de8\u865f\"], [\"\u4f30\u503c\u5e2b\u8eab\u4efd\u3001\u6240\u63a1\u7528\u6e96\u5247\uff0c\u4ee5\u53ca\u8463\u4e8b\u672c\u8eab\u7684\u8cea\u8a62\", \"\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15\u7b2c3.4\u7bc0\uff1b\u300a\u4e0a\u5e02\u898f\u5247\u300b\u7b2c3.08\u300118.34\u689d\uff1b\u8b49\u76e3\u6703\u6307\u5f15\", \"\u5927\u51b6\u6709\u8272\u5217\u660e\u4ef2\u91cf\u806f\u884c\uff1b\u4e9e\u6d32\u8cc7\u6e90\u986f\u793a\u672a\u4f5c\u8cea\u8a62\u7684\u4ee3\u50f9\"], [\"\u91cf\u5316\u5047\u8a2d\uff1a\u50f9\u683c\uff08\u9644\u4f86\u6e90\u53ca\u4e0a\u5e74\u6578\u5b57\uff09\u3001\u532f\u7387\u3001\u6298\u73fe\u7387\u3001\u7522\u91cf\u3001\u54c1\u4f4d\u3001\u6210\u672c\u3001\u8cc7\u672c\u958b\u652f\u3001\u7926\u6b0a\u8cbb\u3001\u95dc\u9589\u6210\u672c\u3001\u7926\u5c71\u5e74\u9650\", \"HKAS 36.134(d)\u2013(e)\uff1b\u6703\u8a08\u53ca\u8ca1\u52d9\u532f\u5831\u5c402025-26\", \"\u9435\u6c5f\u73fe\u8ca8\u7684\u6309\u5e74\u6bd4\u8f03\u8868\uff1b\u6c99\u62c9\u5409\u9054\u7684\u50f9\u683c\u3001\u6210\u672c\u53ca\u5e74\u9650\"], [\"\u5404\u6578\u503c\u5982\u4f55\u91d0\u5b9a\u53ca\u8207\u4e0a\u5e74\u76f8\u6bd4\u8b8a\u52d5\u7684\u539f\u56e0\", \"\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15\u7b2c2.3\u7bc0\uff1bHKAS 36.130(g)\", \"\u9435\u6c5f\u73fe\u8ca8\u7684\u300c\u57fa\u790e\u53ca\u8b8a\u52d5\u539f\u56e0\u300d\uff1b\u5f18\u6d77\u9ad8\u65b0\u8cc7\u6e90\u672a\u89e3\u91cb\u7684\u5347\u5e45\uff08\u8584\u5f31\uff09\"], [\"\u4e00\u81f4\u8aaa\u660e\u6298\u73fe\u7387\u57fa\u790e\uff1a\u7a05\u524d\uff0f\u7a05\u5f8c\u3001\u5be6\u969b\uff0f\u540d\u7fa9\u3001\u570b\u5bb6\u98a8\u96aa\u6ea2\u50f9\", \"HKAS 36.55\", \"\u9435\u6c5f\u73fe\u8ca8\u6a19\u7c64\u524d\u5f8c\u4e0d\u4e00\u3001\u842c\u570b\u9ec3\u91d1\u8f49\u63db\u57fa\u790e\u3001\u7a00\u9382\u79d1\u6280\u4ee5\u7a05\u5f8c\u7387\u8a08\u7b97\u4f7f\u7528\u50f9\u503c\uff08\u8584\u5f31\uff09\"], [\"\u9810\u6e2c\u671f\u8207\u724c\u7167\u5e74\u671f\u3001\u8a31\u53ef\u7522\u91cf\u53ca\u5132\u91cf\u639b\u920e\", \"HKAS 36.33\uff1b\u4e9e\u6d32\u8cc7\u6e90\", \"\u7f55\u738b\u9ec3\u91d1\u63a1\u7528\u751f\u7522\u5e74\u9650\u8207\u724c\u7167\u5e74\u671f\u5169\u8005\u4e2d\u8f03\u77ed\u8005\"], [\"\u50f9\u503c\u5728\u5132\u91cf\u3001\u5df2\u8f49\u63db\u8cc7\u6e90\u91cf\u53ca\u672a\u7372\u6279\u64f4\u7522\u4e4b\u9593\u7684\u5206\u62c6\", \"HKAS 36.134(e)\uff1bRule 18.30\", \"\u5fa9\u8208\u4e9e\u6d32\u63a1\u752850%\u63a8\u65b7\u8cc7\u6e90\u91cf\uff08\u8584\u5f31\uff09\"], [\"\u6709\u98a8\u96aa\u7684\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\uff08\u4e0d\u50c5\u9650\u65bc\u542b\u5546\u8b7d\u7684\u73fe\u91d1\u7522\u751f\u55ae\u4f4d\uff09\u7684\u7de9\u885d\u7a7a\u9593\", \"HKAS 36.134(f)\uff1b\u6703\u8a08\u53ca\u8ca1\u52d9\u532f\u5831\u5c402025-26\", \"\u842c\u570b\u9ec3\u91d1\u4eba\u6c11\u5e63128.1\u767e\u842c\u5143\u2021\"], [\"\u95dc\u9375\u5047\u8a2d\u7684\u76c8\u8667\u5e73\u8861\u8b8a\u52d5\u6216\u6bcf\u55ae\u4f4d\u8b8a\u52d5\u7684\u6e1b\u503c\u5f71\u97ff\", \"HKAS 36.134(f)\uff1bHKAS 1.125\u30011.129\", \"\u4fc4\u92c1\uff1a\u92c1\u50f9\u6bcf\u4e0b\u8dcc5%\u5f71\u97ffUS$236\u767e\u842c\u5143\uff1b\u5357\u6208\u58c1\u00b11%\u654f\u611f\u5ea6\u8868\"], [\"\u50c5\u5728\u7de9\u885d\u7a7a\u9593\u8db3\u4ee5\u652f\u6301\u6642\u624d\u4f5c\u5426\u5b9a\u8072\u660e\", \"\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15\u7b2c3.4\u7bc0\", \"\u8499\u53e4\u7926\u696dFY2024\u201325\u8072\u660e\u672a\u9644\u7de9\u885d\u7a7a\u9593\uff08\u8584\u5f31\uff09\"], [\"\u8207\u7b2c\u5341\u516b\u7ae0\u5132\u91cf\u66f4\u65b0\u3001\u5408\u8cc7\u683c\u4eba\u58eb\u5831\u544a\u53ca\u53ef\u884c\u6027\u7814\u7a76\u7684\u5c0d\u8cec\", \"\u300a\u4e0a\u5e02\u898f\u5247\u300b\u7b2c18.15\u201318.18\u300118.30\u689d\uff1bGL47-13\", \"\u4e94\u7926\u8cc7\u6e90\u5132\u91cf\u50f9\u683c\u5047\u8a2d\uff08\u9285\u6bcf\u78c5US$4.19\uff09\"], [\"\u6c23\u5019\u53ca\u78b3\u5047\u8a2d\u8207\u6c23\u5019\u62ab\u9732\u4e00\u81f4\", \"IFRS\u6559\u80b2\u6750\u6599\uff1b\u9999\u6e2f\u4ea4\u6613\u6240\u6c23\u5019\u6307\u5f15\", \"\u9999\u6e2f\u7164\u70ad\u5927\u578b\u4f01\u696d\u5b58\u5728\u843d\u5dee\"], [\"\u8207\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790\u3001\u6301\u7e8c\u7d93\u71df\u8072\u660e\u53ca\u901a\u51fd\u4f30\u503c\u4fdd\u6301\u4e00\u81f4\", \"\u8b49\u76e3\u6703\u6307\u5f15\u7b2c14\u6bb5\", \"\u4e2d\u8b7d\u96c6\u5718\u65bc\u6536\u8cfc\u5f8c\u7d0422\u500b\u6708\u8a08\u63d0\u6e1b\u503c\"], [\"\u6703\u8a08\u6846\u67b6\u53ca\u57fa\u790e\uff1a\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u8207IFRS\u3001\u91cd\u5217\u8207\u539f\u5217\", \"HKAS 8\uff1b\u8abf\u7bc0\u9644\u8a3b\", \"\u5929\u9f4a\u92f0\u696d\u50c5\u65bcIFRS\u4e0b\u78ba\u8a8dSQM\u4eba\u6c11\u5e63818.5\u767e\u842c\u5143\uff1b\u4e2d\u570b\u92c1\u696d\u91cd\u5217\"], [\"\u6bcf\u671f\u9032\u884c\u64a5\u56de\u8a55\u4f30\uff1b\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u5831\u544a\u516c\u53f8\u9808\u8aaa\u660e\u7981\u6b62\u64a5\u56de\", \"HKAS 36\u64a5\u56de\u898f\u5b9a\uff1b\u4e2d\u570b\u4f01\u696d\u6703\u8a08\u6e96\u5247\u7b2c8\u865f\", \"\u9435\u6c5f\u73fe\u8ca8FY2020\u64a5\u56de\u7406\u64da\uff1b\u4e2d\u570b\u92c1\u696d\u300c\u4e0d\u5f97\u8f49\u56de\u300d\"], [\"\u6487\u6e1b\u81f3\u96f6\u6216\u65bc\u6cd5\u5f8b\u4e8b\u4ef6\u5f8c\u64a5\u56de\uff1a\u671f\u521d\u7d50\u9918\u7684\u8b49\u64da\", \"HKSA 500\/540\", \"\u4e2d\u8b49\u570b\u969b\u53ca\u8499\u53e4\u80fd\u6e90\u7372\u4fdd\u7559\u610f\u898b\"], [\"\u53ca\u6642\u767c\u51fa\u5167\u5e55\u6d88\u606f\u6216\u76c8\u5229\u8b66\u544a\u516c\u544a\u4e26\u91cf\u5316\u7bc4\u570d\", \"\u4e3b\u677f\u300a\u4e0a\u5e02\u898f\u5247\u300b\u7b2c13.09\u689d\uff1b\u300a\u8b49\u5238\u53ca\u671f\u8ca8\u689d\u4f8b\u300b\u7b2cXIVA\u90e8\", \"\u4e94\u7926\u8cc7\u6e902026\u5e741\u670827\u65e5\uff1a\u6307\u5f15US$280\u2013300\u767e\u842c\u5143\uff0c\u6700\u7d42US$290.0\u767e\u842c\u5143\"], [\"\u81eaFY2027\u8d77\uff1a\u4efb\u4f55\u5254\u9664\u6e1b\u503c\u7684\u300c\u57fa\u672c\u300d\u6ea2\u5229\u9808\u6309HKFRS 18\u4f5c\u5c0d\u8cec\", \"HKFRS 18\", \"\u9435\u6c5f\u73fe\u8ca8\u7684\u57fa\u672c\u6ea2\u5229\"]]}, \"hans\": {\"ui\": {\"tierLabel\": {\"Major\": \"\u5927\u578b\u4f01\u4e1a\", \"Mid-cap\": \"\u4e2d\u578b\u4f01\u4e1a\", \"Small-cap\": \"\u5c0f\u578b\u4f01\u4e1a\"}, \"tierPill\": {\"Major\": \"\u5927\u578b\", \"Mid-cap\": \"\u4e2d\u578b\", \"Small-cap\": \"\u5c0f\u578b\"}, \"tierDesc\": {\"Major\": \"\u5927\u578bA+H\u80a1\u3001\u56fd\u6709\u4f01\u4e1a\u53ca\u9999\u6e2f\u4e0a\u5e02\u751f\u4ea7\u5546\", \"Mid-cap\": \"\u9762\u4e34\u5355\u4e00\u56fd\u5bb6\u3001\u6c47\u7387\u6216\u5236\u88c1\u98ce\u9669\u7684\u751f\u4ea7\u5546\", \"Small-cap\": \"\u52d8\u63a2\u9636\u6bb5\u3001\u5355\u4e00\u8d44\u4ea7\u6216\u9677\u5165\u56f0\u5883\u7684\u53d1\u884c\u4eba\"}, \"groups\": {\"Coal\": \"\u7164\u70ad\", \"Gold\": \"\u9ec4\u91d1\", \"Other minerals\": \"\u5176\u4ed6\u77ff\u4ea7\", \"Copper & diversified\": \"\u94dc\u53ca\u591a\u5143\u5316\", \"Iron ore\": \"\u94c1\u77ff\u77f3\", \"Aluminium\": \"\u94dd\", \"Lithium\": \"\u9502\"}, \"kpiN\": \"\u7eb3\u5165\u7814\u7a76\u7684\u6e2f\u4ea4\u6240\u4e0a\u5e02\u77ff\u4e1a\u516c\u53f8\uff08\u5927\u578b\u4f01\u4e1a{maj}\u5bb6\u3001\u4e2d\u578b\u4f01\u4e1a{mid}\u5bb6\u3001\u5c0f\u578b\u4f01\u4e1a{sm}\u5bb6\uff09\", \"uniCount\": \"\u663e\u793a{n}\u5bb6\uff0c\u5171{t}\u5bb6\", \"themeToDark\": \"\u6df1\u8272\u4e3b\u9898\", \"themeToLight\": \"\u6d45\u8272\u4e3b\u9898\", \"themeAria\": \"\u5207\u6362\u81f3{x}\u4e3b\u9898\", \"dark\": \"\u6df1\u8272\", \"light\": \"\u6d45\u8272\", \"fourOthers\": \"\u5176\u4ed64\u5bb6\uff08\u8d63\u950b\u9502\u4e1a\u3001\u6d1b\u9633\u94bc\u4e1a\u7b49\uff09\", \"assetKey\": \"\u2248\u4eba\u6c11\u5e01{v}\u767e\u4e07\u5143 \u00b7 {p}%\", \"legendLong\": \"\u957f\u671f\u8d44\u4ea7\u51cf\u503c\", \"legendInv\": \"\u5b58\u8d27\u51cf\u8bb0\", \"axisImp\": \"\u51cf\u503c \u2192\", \"axisRev\": \"\u2190 \u8f6c\u56de\", \"millionSuffix\": \"\u767e\u4e07\", \"trendWord\": \"\u8d8b\u52bf\", \"evidence\": \"\u8bc1\u636e\", \"management\": \"\u7ba1\u7406\u5c42\", \"auditor\": \"\u5ba1\u8ba1\u5e08\", \"ariaCommodity\": \"\u6309\u5546\u54c1\u53ca\u89c4\u6a21\u5212\u5206\u7684\u516c\u53f8\", \"ariaCycle\": \"\u5e74\u5ea6\u51cf\u503c\u4e0e\u7164\u4ef7\u5bf9\u6bd4\"}, \"companies\": {\"1029\": [\"\u94c1\u6c5f\u73b0\u8d27\", \"\u94c1\u77ff\u77f3\", \"FY2020\u8f6c\u56de75.8\u767e\u4e07\u7f8e\u5143\uff1bFY22\/23\/25\u51cf\u503c103\uff0f164\uff0f160\u767e\u4e07\u7f8e\u5143\uff1b\u5362\u5e03\u8d70\u5f3a\"], \"1088\": [\"\u4e2d\u56fd\u795e\u534e\u80fd\u6e90\", \"\u7164\u70ad\", \"FY2022\u201325\u2248\u4eba\u6c11\u5e0164\u4ebf\u5143\uff1b\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u4eba\u6c11\u5e012,151\u767e\u4e07\u5143\uff082022\u5e74\uff09\u53ca2,782\u767e\u4e07\u5143\uff082023\u5e74\uff09\"], \"1091\": [\"\u5357\u65b9\u9530\u4e1a\u6295\u8d44\", \"\u9530\", \"FY2019\u201322\u5c31\u91c7\u77ff\u6743\u53ca\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u51cf\u503c95\uff0f22\uff0f236\uff0f120\u767e\u4e07\u6e2f\u5143\uff1bFY2022\u4e1a\u7ee9\u5ef6\u8fdf\u516c\u5e03\"], \"1104\": [\"\u4e9a\u592a\u8d44\u6e90\", \"\u94c1\u77ff\u77f3\u6743\u76ca\", \"\u8054\u8425\u516c\u53f8\uff1aFY2022\u2248465\u767e\u4e07\u6e2f\u5143\uff08\u4f30\u8ba1\uff09\u3001277\u300180\u3001107\u767e\u4e07\u6e2f\u5143\uff1bFY2026\u51c0\u8f6c\u56de245\u767e\u4e07\u6e2f\u5143\"], \"1131\": [\"Agritrade Resources\", \"\u7164\u70ad\", \"\u672a\u516c\u5e03FY3\/2020\u4e1a\u7ee9\uff1b2022\u5e741\u6708\u9664\u724c\"], \"1142\": [\"\u80fd\u6e90\u53ca\u80fd\u91cf\u73af\u7403\uff08\u524d\u79f0\u897f\u4f2f\u5229\u4e9a\u77ff\u4e1a\uff09\", \"\u7164\u70ad\uff08\u4fc4\u7f57\u65af\uff09\", \"FY3\/25 +787\u767e\u4e07\u6e2f\u5143\uff1b1H FY3\/26\u51cf\u8bb0\u81f3\u96f6\uff0c\u6cd5\u9662\u88c1\u51b3\u540e\u8f6c\u56de\uff1bFY3\/26\u51c0\u51cf\u503c\u91d1\u989d\u5b58\u5728\u5206\u6b67\uff0813\u767e\u4e07\u6e2f\u5143\u5bf963\u767e\u4e07\u6e2f\u5143\uff09\"], \"1171\": [\"\u5156\u77ff\u80fd\u6e90\", \"\u7164\u70ad\", \"\u2248\u4eba\u6c11\u5e0126\u4ebf\u5143\uff1bFY2022\u4eba\u6c11\u5e012,140\u767e\u4e07\u5143\u5df2\u786e\u8ba4\uff08\u6fb3\u5927\u5229\u4e9a\u52d8\u63a2\u8d44\u4ea7\u3001Premier\u7164\u77ff\uff09\"], \"1194\": [\"\u6e7e\u533a\u9ec4\u91d1\uff08\u524d\u79f0\u4e2d\u56fd\u8d35\u91d1\u5c5e\u8d44\u6e90\uff09\", \"\u9ec4\u91d1\", \"FY2020\u51cf\u503c2,269\u767e\u4e07\u6e2f\u5143\uff08\u91c7\u77ff\u67431,335 + \u56fa\u5b9a\u8d44\u4ea7934\uff09\uff1bFY2021\u65e0\u6cd5\u8868\u793a\u610f\u89c1\uff1b2024\u5e743\u6708\u9664\u724c\"], \"1208\": [\"\u4e94\u77ff\u8d44\u6e90\", \"\u94dc\uff0f\u950c\", \"493\u767e\u4e07\u7f8e\u5143\uff1aKinsevere FY2019 150\u767e\u4e07\u7f8e\u5143\u3001FY2024 53\u767e\u4e07\u7f8e\u5143\u3001FY2025 290\u767e\u4e07\u7f8e\u5143\"], \"1231\": [\"\u65b0\u77ff\u8d44\u6e90\", \"\u94c1\u77ff\u77f3\", \"2020\u5e74\u51fa\u552e\u524d\u5c31\u8bb8\u53ef\u8bc1\u5df2\u5230\u671f\u7684\u77ff\u5c71\u8ba1\u63d0\u51cf\u503c\uff1b\u5305\u9500\u67434.1\u767e\u4e07\u7f8e\u5143\"], \"1258\": [\"\u4e2d\u56fd\u6709\u8272\u77ff\u4e1a\", \"\u94dc\", \"\u672a\u53d1\u73b0\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\uff0f\u91c7\u77ff\u6743\u51cf\u503c\uff1b\u4ec5\u6709\u8fdb\u9879\u589e\u503c\u7a0e\u51cf\u503c\"], \"1277\": [\"\u529b\u91cf\u53d1\u5c55\", \"\u7164\u70ad\", \"FY2025\u4eba\u6c11\u5e01287\u767e\u4e07\u5143\uff0c\u5168\u90e8\u4e3a\u975e\u7164\u8d44\u4ea7\uff08\u7269\u4e1a\u3001\u5546\u8a89\uff09\"], \"1303\": [\"\u6c47\u529b\u8d44\u6e90\", \"\u954d\uff0f\u91d1\", \"\u8f6c\u56de\u4eba\u6c11\u5e0115.4\u767e\u4e07\u5143\u53ca\u4eba\u6c11\u5e0114.9\u767e\u4e07\u5143\uff1bFY2019\u4fdd\u7559\u610f\u89c1\"], \"1370\": [\"\u5965\u5a01\u63a7\u80a1\uff08\u524d\u79f0\u6052\u5b9e\u77ff\u4e1a\uff09\", \"\u94c1\u77ff\u77f3\", \"FY2019\u2248\u4eba\u6c11\u5e01260\u767e\u4e07\u5143\uff1bFY2022\u201325\u4eba\u6c11\u5e0155\uff0f299\uff0f177\uff0f171\u767e\u4e07\u5143\uff1bFY2023\u4e0e\u6301\u7eed\u7ecf\u8425\u76f8\u5173\u7684\u91cd\u5927\u4e0d\u786e\u5b9a\u6027\"], \"1378\": [\"\u4e2d\u56fd\u5b8f\u6865\u96c6\u56e2\", \"\u94dd\", \"\u2248\u4eba\u6c11\u5e0180\u4ebf\u5143\uff1b\u6309\u5de5\u5382\u8ba1\u63d0\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u5907\u51cf\u503c\uff0c\u5305\u62ecFY2024\u4eba\u6c11\u5e012,636\u767e\u4e07\u5143\u53ca1H2026\u4eba\u6c11\u5e01583\u767e\u4e07\u5143\"], \"1380\": [\"\u4e2d\u56fd\u91d1\u77f3\u77ff\u4e1a\", \"\u5927\u7406\u77f3\uff0f\u77f3\u7070\u77f3\", \"FY2023\u4eba\u6c11\u5e0127\u767e\u4e07\u5143\u3001FY2024\u4eba\u6c11\u5e0156\u767e\u4e07\u5143\uff0824\u201326%\uff09\uff1bFY2025\u4e3a\u96f6\uff0837.4%\uff09\"], \"1393\": [\"\u6052\u9f0e\u5b9e\u4e1a\", \"\u7164\u70ad\", \"\u672a\u53d1\u73b0\u77ff\u5c71\u51cf\u503c\uff1b\u4eba\u6c11\u5e0171\u4ebf\u5143\u91c7\u77ff\u8d44\u4ea7\u5904\u4e8e\u91cd\u7ec4\u4e2d\"], \"1712\": [\"\u9f99\u8d44\u6e90\", \"\u9ec4\u91d1\", \"\u5c3d\u7ba1F\u00e4boliden\u8bb8\u53ef\u88ab\u62d2\u4ecd\u4e3a\u96f6\uff1bFY2024 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[\"\u9ad8\u9e4f\u77ff\u4e1a\", \"\u5927\u7406\u77f3\", \"\u96f6\uff1b\u4f7f\u7528\u4ef7\u503c\u9884\u6d4b\u671f47\u5e74\"], \"2237\": [\"\u4e2d\u56fd\u77f3\u58a8\u96c6\u56e2\", \"\u77f3\u58a8\", \"2022\u5e747\u6708\u4e0a\u5e02\uff1bFY2024\u81f31H2026\u65e0\u91c7\u77ff\u8d44\u4ea7\u51cf\u503c\"], \"2245\": [\"\u529b\u52e4\u8d44\u6e90\", \"\u954d\", \"FY2024\u5ba2\u6237\u5173\u7cfb\u65e0\u5f62\u8d44\u4ea7\u4eba\u6c11\u5e01142\u767e\u4e07\u5143\uff1b\u5370\u5c3c\u5de5\u5382\u672a\u6709\u51cf\u503c\"], \"2259\": [\"\u7d2b\u91d1\u9ec4\u91d1\u56fd\u9645\", \"\u9ec4\u91d1\", \"2025\u5e749\u6708\u4e0a\u5e02\uff1b\u96f6\"], \"2302\": [\"\u4e2d\u6838\u56fd\u9645\", \"\u94c0\", \"FY2019\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7210\u767e\u4e07\u6e2f\u5143\u53caFY2020\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u590712\u767e\u4e07\u6e2f\u5143\uff08\u8499\u53e4\u94c0\u77ff\uff09\uff1b\u4e3b\u8981\u4ece\u4e8b\u8d38\u6613\"], \"2303\": [\"\u6052\u5174\u9ec4\u91d1\", \"\u9ec4\u91d1\", \"\u672a\u89c1\u51cf\u503c\uff1b2021\u5e742\u6708\u79c1\u6709\u5316\"], \"2362\": [\"\u91d1\u5ddd\u96c6\u56e2\u56fd\u9645\u8d44\u6e90\", \"\u94dc\uff0f\u94b4\", \"1H2020 Chibuluma South\u7269\u4e1a\u3001\u5382\u623f\u53ca\u8bbe\u59078.6\u767e\u4e07\u7f8e\u5143\uff1b\u5176\u540e\u4ec5\u6709\u589e\u503c\u7a0e\u51cf\u503c\"], \"2489\": [\"\u96c6\u6d77\u9ec4\u91d1\", \"\u9ec4\u91d1\", \"2023\u5e7412\u6708\u4e0a\u5e02\uff1b\u672a\u89c1\u51cf\u503c\"], \"2546\": [\"\u667a\u6c47\u77ff\u4e1a\", \"\u950c\uff0f\u94c5\uff0f\u94dc\", \"2025\u5e7412\u6708\u4e0a\u5e02\uff1b\u5c1a\u65e0\u51cf\u503c\u6570\u636e\"], \"2600\": [\"\u4e2d\u56fd\u94dd\u4e1a\", \"\u94dd\", \"FY19\u201325\u2248\u4eba\u6c11\u5e01150\u4ebf\u5143\uff08\u91cd\u8ff0\u540e\uff09\uff0c\u4e3a\u7814\u7a76\u4e2d\u6700\u5927\uff1b\u4ea7\u80fd\u642c\u8fc1\u53ca\u95f2\u7f6e\u4ea7\u7ebf\u5bfc\u81f4\u6bcf\u5e74\u5747\u6709\u51cf\u503c\"], \"2623\": [\"\u7231\u5fb7\u65b0\u80fd\u6e90\uff0f\u9999\u6e2f\u9ec4\u91d1\u4ea7\u4e1a\u96c6\u56e2\", \"\u949b\u94c1\u77ff\", \"FY2025\u4eba\u6c11\u5e0150.9\u767e\u4e07\u5143\uff0c\u5b8c\u5168\u6e90\u4e8e\u6298\u73b0\u7387\u4e0a\u8c03\"], \"2668\": [\"\u767e\u5fb7\u56fd\u9645\", \"\u94c1\u77ff\u77f3\", \"FY2024\u5546\u8a89165\u767e\u4e07\u6e2f\u5143\uff08\u80a1\u4ef7\u56e0\u7d20\u6240\u81f4\uff09\uff1bFY2025 11\u767e\u4e07\u6e2f\u5143\"], \"2899\": [\"\u7d2b\u91d1\u77ff\u4e1a\", \"\u591a\u5143\u5316\", \"\u2248\u4eba\u6c11\u5e0121\u4ebf\u5143\uff1bFY2021\u4eba\u6c11\u5e01529\u767e\u4e07\u5143\uff08\u65b0\u6838\u5b9e\uff09\uff1b\u76f8\u5bf9\u8d44\u4ea7\u89c4\u6a21\u5e76\u4e0d\u91cd\u5927\uff08FY2025\u22480.09%\uff09\"], \"3330\": [\"\u7075\u5b9d\u9ec4\u91d1\", \"\u9ec4\u91d1\", \"FY2019\u201323\u4eba\u6c11\u5e0126\uff0f58\uff0f10\uff0f87\uff0f40\u767e\u4e07\u5143\uff1bFY2024\u81f31H2026\u4e3a\u96f6\"], \"3636\": [\"\u91d1\u6d54\u8d44\u6e90\", \"\u77ff\u4e1a\uff08\u65b0\u4e0a\u5e02\uff09\", \"2026\u5e741\u6708\u4e0a\u5e02\uff1b\u5c1a\u65e0\u51cf\u503c\u6570\u636e\"], \"3668\": [\"\u5156\u7164\u6fb3\u5927\u5229\u4e9a\", \"\u7164\u70ad\", \"FY2020 Watagan\u91cd\u65b0\u5e76\u8868\u4e8f\u635f1,383\u767e\u4e07\u6fb3\u5143\uff08\u5e76\u975eIAS 36\u51cf\u503c\uff09\uff1b\u5176\u4ed6\u5e74\u5ea6\u672a\u6838\u5b9e\"], \"3788\": [\"\u7f55\u738b\u9ec4\u91d1\u56fd\u9645\", \"\u94c1\u77ff\u77f3\uff0f\u9ec4\u91d1\", \"\u89c4\u6a21\u8f83\u5c0f\uff1aFY2019\u95f2\u7f6e\u5382\u623f\u4eba\u6c11\u5e0117.5\u767e\u4e07\u5143\uff1b\u6700\u5927\u4e3aFY2023\u4eba\u6c11\u5e0131.1\u767e\u4e07\u5143\uff1b1H2026\u4eba\u6c11\u5e0112.4\u767e\u4e07\u5143\"], \"3833\": [\"\u65b0\u7586\u65b0\u946b\u77ff\u4e1a\", \"\u954d\uff0f\u94dc\", \"FY2020\u9492\u77ff\u6743\u4eba\u6c11\u5e01135.5\u767e\u4e07\u5143\uff08\u81ea\u7136\u4fdd\u62a4\u533a\uff09\uff1bFY2022\u51b6\u70bc\u5382\u53ca\u5546\u8a89\u4eba\u6c11\u5e0183.6\u767e\u4e07\u5143\"], \"3858\": [\"\u4f73\u946b\u56fd\u9645\u8d44\u6e90\", \"\u94a8\", \"2025\u5e748\u6708\u4e0a\u5e02\uff1b\u5c1a\u65e0\u51cf\u503c\u6570\u636e\"], \"3939\": [\"\u4e07\u56fd\u9ec4\u91d1\u96c6\u56e2\", \"\u94dc\uff0f\u91d1\", \"FY2021\u897f\u85cf\u660c\u90fd\u4eba\u6c11\u5e0111.4\u767e\u4e07\u5143\uff1bFY2025\u7f13\u51b2\u7a7a\u95f4\u4eba\u6c11\u5e01128\u767e\u4e07\u5143\uff08\u6298\u73b0\u738728.31%\uff09\uff08\u5df2\u786e\u8ba4\uff09\"], \"3948\": [\"\u5185\u8499\u53e4\u4f0a\u6cf0\u7164\u70ad\", \"\u7164\u70ad\", \"FY2020\u4eba\u6c11\u5e0132\u4ebf\u5143\u53caFY2022\u2248\u4eba\u6c11\u5e0132\u4ebf\u5143\uff0c\u5747\u6d89\u53ca\u7164\u5316\u5de5\u5382\uff1bH\u80a1\u4e8e2023\u5e748\u6708\u64a4\u56de\u4e0a\u5e02\"], \"3993\": [\"\u6d1b\u9633\u94bc\u4e1a\", \"\u94dc\uff0f\u94b4\", \"FY2020\u5546\u8a89\u2248\u4eba\u6c11\u5e01221\u767e\u4e07\u5143\uff08\u5df4\u897f\u78f7\u77ff\uff0c\u6b21\u8981\uff09\uff1bFY2022\u201325\u672a\u6838\u5b9e\"], \"6228\": [\"Merdeka Gold Resources\uff08\u5b58\u6258\u51ed\u8bc1\uff09\", \"\u9ec4\u91d1\", \"2026\u5e746\u6708\u4e0a\u5e02\uff1b\u5c1a\u65e0\u51cf\u503c\u6570\u636e\"], \"6693\": [\"\u8d64\u5cf0\u9ec4\u91d1\", \"\u9ec4\u91d1\", \"H\u80a1\u4e8e2025\u5e743\u6708\u4e0a\u5e02\uff1bFY2025\u4eba\u6c11\u5e0154\u767e\u4e07\u5143\uff1b1H2026\u8f6c\u56de\u4eba\u6c11\u5e0131.9\u767e\u4e07\u5143\u6d89\u53ca\u975e\u957f\u671f\u8d44\u4ea7\"], \"8203\": [\"\u51ef\u987a\u63a7\u80a1\uff08GEM\uff09\", \"\u7164\u70ad\", \"FY2025\u65b0\u7586\u91c7\u77ff\u674353.7\u767e\u4e07\u6e2f\u5143\uff08\u5360\u4ef7\u503c22%\uff09\"], \"8299\": [\"\u5927\u5510\u9ec4\u91d1\u63a7\u80a1\uff08GEM\uff09\", \"\u9ec4\u91d1\", \"FY3\/2020\u81f3FY3\/2026\u672a\u53d1\u73b0\u957f\u671f\u8d44\u4ea7\u51cf\u503c\"], \"9696\": [\"\u5929\u9f50\u9502\u4e1a\", \"\u9502\", \"\u2248\u4eba\u6c11\u5e0175\u4ebf\u5143\uff1bFY2019 SQM\u80a1\u6743\u4eba\u6c11\u5e015,310\u767e\u4e07\u5143\uff08\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff0c\u5df2\u66f4\u6b63\uff09\uff1bFY2024 Kwinana + SQM\u4eba\u6c11\u5e012,238\u767e\u4e07\u5143\uff08IFRS\uff09\"], \"0358\": [\"\u6c5f\u897f\u94dc\u4e1a\", \"\u94dc\", \"\u2248\u4eba\u6c11\u5e0119\u4ebf\u5143\uff1bFY2025\u57ce\u95e8\u5c71\u4eba\u6c11\u5e01946\u767e\u4e07\u5143\uff08\u571f\u5730\u5229\u7528\u89c4\u5212\uff09\uff1b1H2026\u5b58\u8d27\u51cf\u8bb0\u4eba\u6c11\u5e0124.9\u4ebf\u5143\"], \"0975\": [\"\u8499\u53e4\u77ff\u4e1a\", \"\u7126\u7164\", \"FY2024\u201325\u65e0\u51cf\u503c\uff08\u5df2\u6d4b\u8bd5\uff1a\u51c0\u8d44\u4ea7 > \u5e02\u503c\uff09\uff1b\u672a\u62ab\u9732\u7f13\u51b2\u7a7a\u95f4\"], \"0639\": [\"\u9996\u94a2\u8d44\u6e90\", \"\u7126\u7164\", \"\u77ff\u5c71\u65e0\u51cf\u503c\uff1b\u8d26\u9762\u6709\u91c7\u77ff\u674359\u4ebf\u6e2f\u5143 + \u5546\u8a8912\u4ebf\u6e2f\u5143\"], \"0486\": [\"\u4fc4\u94dd\", \"\u94dd\uff0f\u94dd\u571f\u77ff\", \"FY19\u201325\u51c0\u989d\u224818.4\u4ebf\u7f8e\u5143\uff08FY2019 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\"\u8ffd\u6eaf\u590d\u6838\u4ee5\u5f80\u201c\u65e0\u51cf\u503c\u8ff9\u8c61\u201d\u7684\u7ed3\u8bba\"], [\"\u5546\u8a89\u4ec5\u5360\u51cf\u503c\u7ea62%\uff1b\u6536\u8d2d\u6ea2\u4ef7\u4e3b\u8981\u4f53\u73b0\u5728\u91c7\u77ff\u6743\u53ca\u8054\u8425\u516c\u53f8\", \"SQM\u4eba\u6c11\u5e0152.8\u4ebf\u5143\uff1b\u5c71\u4e1c\u9ec4\u91d1\u5546\u8a89\u4eba\u6c11\u5e01126.7\u4ebf\u5143\uff0c\u51cf\u503c\u7ea6\u4eba\u6c11\u5e015\u4ebf\u5143\", \"\u5bf9\u6536\u8d2d\u6240\u5f97\u91c7\u77ff\u6743\u53ca\u8054\u8425\u516c\u53f8\u8fdb\u884c\u4e0e\u5546\u8a89\u540c\u6837\u4e25\u8c28\u7684\u6d4b\u8bd5\", \"\u5c06\u6536\u8d2d\u77ff\u5c71\u8fc7\u65e9\u51cf\u503c\u89c6\u4e3a\u8b66\u793a\u4fe1\u53f7\uff08\u8bc1\u76d1\u4f1a\u6307\u5f15\u7b2c14\u6bb5\uff09\"], [\"\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u62a5\u544a\u4e3b\u4f53\u6ca1\u6709\u8f6c\u56de\uff0c\u5c0f\u578bIFRS\u62a5\u544a\u4e3b\u4f53\u7684\u8f6c\u56de\u5219\u5907\u53d7\u8d28\u7591\", \"\u5927\u578b\u4f01\u4e1a\u65e0\u4e00\u8f6c\u56de\uff1b\u6c47\u529b\u8d44\u6e90\u3001\u4e2d\u8bc1\u56fd\u9645\u3001\u8499\u53e4\u80fd\u6e90\u88ab\u51fa\u5177\u4fdd\u7559\u610f\u89c1\", \"IFRS\uff1a\u8bb0\u5f55\u9ec4\u91d1\u53ca\u94dc\u8d44\u4ea7\u7684FY2026\u8f6c\u56de\u8bc4\u4f30\u3002\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\uff1a\u62ab\u9732\u7981\u6b62\u8f6c\u56de\u7684\u89c4\u5b9a\", \"\u8981\u6c42\u4e3a\u51cf\u503c\u53ca\u8f6c\u56de\u5747\u63d0\u4f9b\u8bc1\u636e\uff1b\u907f\u514d\u65e0\u6cd5\u6838\u5b9e\u7684\u51cf\u8bb0\u81f3\u96f6\"], [\"\u6298\u73b0\u7387\u5dee\u5f02\u751a\u5927\uff0c\u57fa\u51c6\u4e0d\u4e00\u81f4\", \"7%\u201338%\uff1b\u94c1\u6c5f\u73b0\u8d27\u6807\u7b7e\u53d8\u66f4\uff1b\u7a00\u9541\u79d1\u6280\u4ee5\u7a0e\u540e\u7387\u8ba1\u7b97\u4f7f\u7528\u4ef7\u503c\", \"\u4e00\u81f4\u8bf4\u660e\u7a0e\u52a1\u53ca\u901a\u80c0\u57fa\u51c6\uff1b\u89e3\u91ca\u6309\u5e74\u53d8\u52a8\", \"\u91cd\u65b0\u8ba1\u7b97\u6298\u73b0\u7387\uff1b\u6d4b\u8bd5\u5bf92026\u5e74\u7f8e\u5143\u5229\u7387\u4e0a\u5347\u7684\u654f\u611f\u5ea6\"], [\"\u5c0f\u578b\u4f01\u4e1a\u9762\u4e34\u975e\u6b64\u5373\u5f7c\u7684\u6cd5\u5f8b\u7ed3\u679c\", \"\u4e2d\u8bc1\u56fd\u9645\uff1b\u80fd\u6e90\u53ca\u80fd\u91cf\u73af\u7403\uff1b\u4f18\u6d3e\u80fd\u6e90\", \"\u62ab\u9732\u6cd5\u5f8b\u60c5\u666f\u6743\u91cd\", \"\u8bc4\u4f30\u662f\u5426\u9700\u8981\u91c7\u7528\u9884\u671f\u73b0\u91d1\u6d41\u91cf\u6cd5\"], [\"\u6280\u672f\u6570\u636e\u8fc7\u65f6\", \"\u590d\u5174\u4e9a\u6d322015\u5e74\u62a5\u544a\uff1b\u5e03\u83b1\u514b\u4e07\u8d44\u6e90\u91cf\u81ea2018\u5e74\u672a\u6709\u66f4\u65b0\", \"\u51fa\u73b0\u51cf\u503c\u8ff9\u8c61\u65f6\u66f4\u65b0\u5408\u8d44\u683c\u4eba\u58eb\u62a5\u544a\", \"\u6839\u636eHKSA 500\/620\u8bc4\u4f30\u7ba1\u7406\u5c42\u4e13\u5bb6\"], [\"\u4f1a\u8ba1\u57fa\u51c6\u5dee\u5f02\u626d\u66f2\u6bd4\u8f83\", \"\u4e2d\u56fd\u94dd\u4e1a\u91cd\u8ff0\uff1b\u5929\u9f50\u9502\u4e1a\u4ec5\u6309IFRS\u8ba1\u63d0\u7684SQM\u51cf\u503c\uff1b\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u53e3\u5f84\u5305\u542b\u5b58\u8d27\", \"\u4ee5\u811a\u6ce8\u8bf4\u660e\u57fa\u51c6\u53ca\u91cd\u8ff0\u4e0e\u539f\u59cb\u6570\u5b57\", \"\u68c0\u67e5IFRS\u4e0e\u4e2d\u56fd\u4f01\u4e1a\u4f1a\u8ba1\u51c6\u5219\u7684\u8c03\u8282\u9879\u76ee\uff0c\u8bc6\u522b\u9690\u85cf\u7684\u51cf\u503c\u5dee\u5f02\"], [\"\u5728\u666f\u6c14\u5e74\u5ea6\uff0c\u5b58\u8d27\u51cf\u8bb0\u4e3b\u5bfc\u635f\u76ca\u6ce2\u52a8\", \"\u6c5f\u897f\u94dc\u4e1a\u5b58\u8d27\u51cf\u8bb0\u4eba\u6c11\u5e0124.9\u4ebf\u5143\uff082026\u5e74\u4e2d\u671f\uff09\", \"\u4e0e\u8d44\u4ea7\u51cf\u503c\u5206\u5f00\u5217\u793a\", \"\u4e0d\u5f97\u4ee5\u5b58\u8d27\u51cf\u8bb0\u8f6c\u56de\u62b5\u9500\u957f\u671f\u8d44\u4ea7\u51cf\u503c\"]], \"checklist\": [[\"\u6bcf\u4e2a\u62a5\u544a\u65e5\u7684\u51cf\u503c\u8ff9\u8c61\u8bc4\u4f30\uff1a\u4ef7\u683c\u3001\u6c47\u7387\u3001\u5229\u7387\u3001\u8d22\u7a0e\u53ca\u724c\u7167\u53d8\u5316\u3001\u5e02\u503c\u4e0e\u51c0\u8d44\u4ea7\u5bf9\u6bd4\u3001\u50a8\u91cf\u4e0b\u8c03\u3001\u505c\u4ea7\", \"HKAS 36.9\u201314\uff1bHKAS 1.122\uff1b\u9999\u6e2f\u4ea4\u6613\u6240FSRP 2016\", \"\u4e94\u77ff\u8d44\u6e90\u6309\u6bcf\u4e2a\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u4f5c\u51fa\u201c\u5e76\u65e0\u51cf\u503c\u6216\u51cf\u503c\u8f6c\u56de\u8ff9\u8c61\u201d\u7684\u58f0\u660e\"], [\"\u52d8\u63a2\u53ca\u8bc4\u4f30\u8d44\u4ea7\uff1a\u5148\u5217\u660eHKFRS 6\u7684\u4e8b\u5b9e\u53ca\u60c5\u51b5\uff0c\u518d\u8fdb\u884cHKAS 36\u6d4b\u8bd5\", \"HKFRS 6\", \"\u5317\u65b9\u77ff\u4e1a\u5c31\u5df2\u5230\u671f\u77ff\u6743\u5168\u989d\u8ba1\u63d0\uff1b\u5e03\u83b1\u514b\u4e07\u4ec5\u4ee5\u51cf\u503c\u8ff9\u8c61\u8bc4\u4f30\u4e3a\u5bf9\u7167\"], [\"\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u7684\u754c\u5b9a\u53ca\u4efb\u4f55\u91cd\u65b0\u5206\u7ec4\uff0c\u5e76\u8bf4\u660e\u7406\u7531\", \"HKAS 36.130(d)\uff1b\u4f1a\u8ba1\u53ca\u8d22\u52a1\u6c47\u62a5\u5c40 2023\", \"\u4e2d\u56fd\u5b8f\u6865\uff1a\u201c\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u4e3a\u4e2a\u522b\u5de5\u5382\u201d\"], [\"\u5b58\u5728\u51cf\u503c\u8ff9\u8c61\u4f46\u672a\u8ba1\u63d0\u51cf\u503c\u65f6\uff1a\u6d4b\u8bd5\u3001\u7ed3\u8bba\u53ca\u7f13\u51b2\u7a7a\u95f4\", \"HKAS 1.122\/125\uff1b\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15 s.3.4\", \"\u5927\u51b6\u6709\u8272\u4ec5\u79f0\u201c\u63a5\u8fd1\u201d\u800c\u65e0\u6570\u5b57\uff08\u8584\u5f31\uff09\"], [\"\u5bfc\u81f4\u51cf\u503c\u7684\u5177\u4f53\u4e8b\u4ef6\u53ca\u60c5\u51b5\", \"HKAS 36.130(a)\uff1b\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15 s.2.3\", \"\u4e94\u77ff\u8d44\u6e90\u5217\u51faKinsevere\u56db\u9879\u51cf\u503c\u8ff9\u8c61\uff1b\u6c99\u62c9\u5409\u8fbe\u4e0e\u6c34\u6e90\u4fdd\u62a4\u533a\u91cd\u53e068%\"], [\"\u6309\u8d44\u4ea7\u7c7b\u522b\u53ca\u5206\u90e8\u5217\u793a\u91d1\u989d\", \"HKAS 36.130(b)\u2013(d)\", \"\u62db\u91d1\u77ff\u4e1a\u6309\u8d44\u4ea7\u7c7b\u522b\u53ca\u9ec4\u91d1\u4e0e\u94dc\u5206\u522b\u5217\u793a\"], [\"\u53ef\u6536\u56de\u91d1\u989d\u3001\u516c\u5141\u4ef7\u503c\u51cf\u5904\u7f6e\u6210\u672c\u6216\u4f7f\u7528\u4ef7\u503c\u3001\u516c\u5141\u4ef7\u503c\u5c42\u7ea7\u53ca\u4f30\u503c\u6280\u672f\", \"HKAS 36.130(e)\u2013(g)\uff1bHKFRS 13\", \"\u6c99\u62c9\u5409\u8fbe\u53ef\u6536\u56de\u91d1\u989d\u4eba\u6c11\u5e0135.4\u4ebf\u5143\uff0c\u5e76\u5217\u660e\u4f30\u503c\u62a5\u544a\u7f16\u53f7\"], [\"\u4f30\u503c\u5e08\u8eab\u4efd\u3001\u6240\u91c7\u7528\u51c6\u5219\uff0c\u4ee5\u53ca\u8463\u4e8b\u672c\u8eab\u7684\u8d28\u7591\", \"\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15 s.3.4\uff1bRules 3.08\u300118.34\uff1b\u8bc1\u76d1\u4f1a\u6307\u5f15\", \"\u5927\u51b6\u6709\u8272\u5217\u660eJLL\uff1b\u4e9a\u6d32\u8d44\u6e90\u663e\u793a\u672a\u6709\u8d28\u7591\u7684\u4ee3\u4ef7\"], [\"\u91cf\u5316\u5047\u8bbe\uff1a\u4ef7\u683c\uff08\u6ce8\u660e\u6765\u6e90\u53ca\u4e0a\u5e74\u6570\u5b57\uff09\u3001\u6c47\u7387\u3001\u6298\u73b0\u7387\u3001\u4ea7\u91cf\u3001\u54c1\u4f4d\u3001\u6210\u672c\u3001\u8d44\u672c\u5f00\u652f\u3001\u6743\u76ca\u91d1\u3001\u95ed\u77ff\u53ca\u77ff\u5c71\u5e74\u9650\", \"HKAS 36.134(d)\u2013(e)\uff1b\u4f1a\u8ba1\u53ca\u8d22\u52a1\u6c47\u62a5\u5c40 2025-26\", \"\u94c1\u6c5f\u73b0\u8d27\u7684\u6309\u5e74\u5bf9\u6bd4\u8868\uff1b\u6c99\u62c9\u5409\u8fbe\u7684\u4ef7\u683c\u3001\u6210\u672c\u53ca\u5e74\u9650\"], [\"\u5404\u6570\u503c\u7684\u8bbe\u5b9a\u65b9\u6cd5\u53ca\u8f83\u4e0a\u5e74\u53d8\u52a8\u7684\u539f\u56e0\", \"\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15 s.2.3\uff1bHKAS 36.130(g)\", \"\u94c1\u6c5f\u73b0\u8d27\u7684\u201c\u57fa\u51c6\u53ca\u53d8\u52a8\u539f\u56e0\u201d\uff1b\u5f18\u6d77\u9ad8\u65b0\u8d44\u6e90\u672a\u89e3\u91ca\u7684\u4e0a\u5347\uff08\u8584\u5f31\uff09\"], [\"\u4e00\u81f4\u8bf4\u660e\u6298\u73b0\u7387\u57fa\u51c6\uff1a\u7a0e\u524d\uff0f\u7a0e\u540e\u3001\u5b9e\u9645\uff0f\u540d\u4e49\u3001\u56fd\u5bb6\u98ce\u9669\u6ea2\u4ef7\", \"HKAS 36.55\", \"\u94c1\u6c5f\u73b0\u8d27\u6807\u7b7e\u53d8\u66f4\u3001\u4e07\u56fd\u9ec4\u91d1\u57fa\u51c6\u53d8\u66f4\u3001\u7a00\u9541\u79d1\u6280\u4ee5\u7a0e\u540e\u7387\u8ba1\u7b97\u4f7f\u7528\u4ef7\u503c\uff08\u8584\u5f31\uff09\"], [\"\u9884\u6d4b\u671f\u4e0e\u724c\u7167\u671f\u9650\u3001\u8bb8\u53ef\u4ea7\u91cf\u53ca\u50a8\u91cf\u6302\u94a9\", \"HKAS 36.33\uff1b\u4e9a\u6d32\u8d44\u6e90\", \"\u7f55\u738b\u91c7\u7528\u751f\u4ea7\u5e74\u9650\u4e0e\u724c\u7167\u671f\u9650\u4e24\u8005\u4e2d\u8f83\u77ed\u8005\"], [\"\u4ef7\u503c\u5728\u50a8\u91cf\u3001\u5df2\u8f6c\u6362\u8d44\u6e90\u91cf\u53ca\u672a\u83b7\u6279\u6269\u4ea7\u4e4b\u95f4\u7684\u5206\u914d\", \"HKAS 36.134(e)\uff1bRule 18.30\", \"\u590d\u5174\u4e9a\u6d32\u91c7\u752850%\u63a8\u65ad\u8d44\u6e90\u91cf\uff08\u8584\u5f31\uff09\"], [\"\u62ab\u9732\u9ad8\u98ce\u9669\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\u7684\u7f13\u51b2\u7a7a\u95f4\uff0c\u800c\u4e0d\u4ec5\u662f\u5546\u8a89\u73b0\u91d1\u4ea7\u751f\u5355\u4f4d\", \"HKAS 36.134(f)\uff1b\u4f1a\u8ba1\u53ca\u8d22\u52a1\u6c47\u62a5\u5c40 2025-26\", \"\u4e07\u56fd\u9ec4\u91d1\u4eba\u6c11\u5e01128.1\u767e\u4e07\u5143\u2021\"], [\"\u5173\u952e\u5047\u8bbe\u7684\u76c8\u4e8f\u5e73\u8861\u53d8\u52a8\u6216\u6bcf\u5355\u4f4d\u53d8\u52a8\u7684\u51cf\u503c\u5f71\u54cd\", \"HKAS 36.134(f)\uff1bHKAS 1.125\u30011.129\", \"\u4fc4\u94dd\u94dd\u4ef7\u6bcf\u4e0b\u8dcc5%\u5f71\u54cd236\u767e\u4e07\u7f8e\u5143\uff1b\u5357\u6208\u58c1\u00b11%\u654f\u611f\u5ea6\u8868\"], [\"\u4ec5\u5728\u7f13\u51b2\u7a7a\u95f4\u8db3\u4ee5\u652f\u6301\u65f6\u624d\u4f5c\u51fa\u5426\u5b9a\u6027\u58f0\u660e\", \"\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u5f15 s.3.4\", \"\u8499\u53e4\u77ff\u4e1aFY2024\u201325\u7684\u58f0\u660e\u672a\u9644\u7f13\u51b2\u7a7a\u95f4\uff08\u8584\u5f31\uff09\"], [\"\u4e0e\u300a\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c\u5341\u516b\u7ae0\u50a8\u91cf\u66f4\u65b0\u3001\u5408\u8d44\u683c\u4eba\u58eb\u62a5\u544a\u53ca\u53ef\u884c\u6027\u7814\u7a76\u5bf9\u8d26\", \"Rules 18.15\u201318.18\u300118.30\uff1bGL47-13\", \"\u4e94\u77ff\u8d44\u6e90\u50a8\u91cf\u4ef7\u683c\u5047\u8bbe\uff08\u94dc4.19\u7f8e\u5143\/\u78c5\uff09\"], [\"\u6c14\u5019\u53ca\u78b3\u5047\u8bbe\u4e0e\u6c14\u5019\u76f8\u5173\u62ab\u9732\u4e00\u81f4\", \"IFRS\u6559\u80b2\u6750\u6599\uff1b\u9999\u6e2f\u4ea4\u6613\u6240\u6c14\u5019\u6307\u5f15\", \"\u9999\u6e2f\u7164\u70ad\u5927\u578b\u4f01\u4e1a\u5b58\u5728\u5dee\u8ddd\"], [\"\u4e0e\u7ba1\u7406\u5c42\u8ba8\u8bba\u53ca\u5206\u6790\u3001\u6301\u7eed\u7ecf\u8425\u58f0\u660e\u53ca\u901a\u51fd\u4f30\u503c\u4fdd\u6301\u4e00\u81f4\", \"\u8bc1\u76d1\u4f1a\u6307\u5f15\u7b2c14\u6bb5\", \"\u4e2d\u8a89\u96c6\u56e2\u4e8e\u6536\u8d2d\u7ea622\u4e2a\u6708\u540e\u8ba1\u63d0\u51cf\u503c\"], 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[\"\u53ca\u65f6\u53d1\u5e03\u5185\u5e55\u6d88\u606f\u6216\u76c8\u5229\u8b66\u544a\u516c\u544a\uff0c\u5e76\u91cf\u5316\u533a\u95f4\", \"MB Rule 13.09\uff1b\u300a\u8bc1\u5238\u53ca\u671f\u8d27\u6761\u4f8b\u300b\u7b2cXIVA\u90e8\", \"\u4e94\u77ff\u8d44\u6e902026\u5e741\u670827\u65e5\uff1a\u6307\u5f15280\u2013300\u767e\u4e07\u7f8e\u5143\uff0c\u6700\u7ec8290.0\u767e\u4e07\u7f8e\u5143\"], [\"\u81eaFY2027\u8d77\uff1a\u4efb\u4f55\u5254\u9664\u51cf\u503c\u7684\u201c\u57fa\u7840\u201d\u5229\u6da6\u987b\u6309HKFRS 18\u5bf9\u8d26\", \"HKFRS 18\", \"\u94c1\u6c5f\u73b0\u8d27\u7684\u57fa\u7840\u5229\u6da6\"]]}};\n\/* ---- Multilingual renderer: BODY[lang] markup + STR[lang] strings + shared numeric data ---- *\/\nconst css = n => `var(${n})`;\nconst fmt = v => v.toLocaleString(\"en-US\");\nconst NS = \"http:\/\/www.w3.org\/2000\/svg\";\nfunction el(tag, attrs, text){const e=document.createElementNS(NS,tag);for(const k in attrs){const v=String(attrs[k]);if((k===\"fill\"||k===\"stroke\")&&v.startsWith(\"var(\"))e.style[k]=v;else e.setAttribute(k,v);}if(text!=null)e.textContent=text;return e;}\nconst fill = (s,o) => s.replace(\/\\{(\\w+)\\}\/g,(m,k)=>o[k]!=null?o[k]:m);\nconst LANGS = {en:\"en\",hant:\"zh-Hant-HK\",hans:\"zh-Hans\"};\nconst tiers = [\"Major\",\"Mid-cap\",\"Small-cap\"];\nconst app = document.getElementById(\"app\");\nconst root = document.getElementById(\"valtech-mining-study\");\nconst mq = window.matchMedia(\"(prefers-color-scheme: dark)\");\nlet LANG = \"en\";\nfunction store(k,v){try{localStorage.setItem(k,v);}catch(e){}}\nfunction load(k){try{return localStorage.getItem(k);}catch(e){return null;}}\n\nfunction render(lang){\n  LANG = lang; const S = STR[lang], U = S.ui;\n  root.setAttribute(\"lang\", LANGS[lang]);\n  app.innerHTML = BODY[lang];\n  root.querySelectorAll(\".lang-btn\").forEach(b=>{b.setAttribute(\"aria-pressed\", b.dataset.lang===lang); b.addEventListener(\"click\",()=>{ if(b.dataset.lang!==LANG){ const y=window.scrollY; store(\"valtech-lang\",b.dataset.lang); render(b.dataset.lang); window.scrollTo(0,y);} });});\n\n  \/* theme toggle *\/\n  const btn=document.getElementById(\"themeToggle\"), lab=document.getElementById(\"themeLabel\");\n  const current=()=>root.getAttribute(\"data-theme\")||(mq.matches?\"dark\":\"light\");\n  const sync=()=>{const c=current();lab.textContent=c===\"dark\"?U.themeToLight:U.themeToDark;btn.setAttribute(\"aria-label\",fill(U.themeAria,{x:c===\"dark\"?U.light:U.dark}));};\n  btn.addEventListener(\"click\",()=>{const next=current()===\"dark\"?\"light\":\"dark\";root.setAttribute(\"data-theme\",next);store(\"valtech-theme\",next);sync();});\n  sync(); syncTheme = sync;\n\n  \/* universe *\/\n  const C = companies.map(c=>{const t=S.companies[c[0]]||[c[1],c[3],c[4]];return {code:c[0],tier:c[2],commodityEn:c[3],name:t[0],commodity:t[1],finding:t[2]};});\n  const cnt = t => C.filter(c=>c.tier===t).length;\n  [\"heroN\",\"uniN\",\"kpiN\"].forEach(id=>{const e=document.getElementById(id); if(e) e.textContent=C.length;});\n  document.getElementById(\"kpiNtxt\").textContent=fill(U.kpiN,{maj:cnt(\"Major\"),mid:cnt(\"Mid-cap\"),sm:cnt(\"Small-cap\")});\n  document.getElementById(\"tiers\").innerHTML = tiers.map(t=>`<div class=\"tier ${t}\"><span class=\"eyebrow\">${U.tierLabel[t]}<\/span><b>${cnt(t)}<\/b><span class=\"note\">${U.tierDesc[t]}<\/span><\/div>`).join(\"\");\n  \/* groupOf and GROUP_ORDER come from the shared data *\/\n  const groups={}; C.forEach(c=>{const g=groupOf(c.commodityEn);(groups[g]=groups[g]||{Major:0,\"Mid-cap\":0,\"Small-cap\":0})[c.tier]++;});\n  (function(){\n    const tot=v=>v.Major+v[\"Mid-cap\"]+v[\"Small-cap\"];\n    const order=Object.entries(groups).sort((a,b)=>tot(b[1])-tot(a[1]));\n    const W=480,row=28,top=6,lw=150,H=top+order.length*row+22,max=Math.max(...order.map(o=>tot(o[1]))),sx=v=>v\/max*(W-lw-40);\n    const svg=el(\"svg\",{viewBox:`0 0 ${W} ${H}`,role:\"img\",\"aria-label\":U.ariaCommodity});\n    const cols={Major:css(\"--s1\"),\"Mid-cap\":css(\"--s2\"),\"Small-cap\":css(\"--s4\")};\n    order.forEach(([g,v],i)=>{const y=top+i*row;let x=lw;\n      svg.append(el(\"text\",{x:lw-8,y:y+15,\"text-anchor\":\"end\"},U.groups[g]||g));\n      tiers.forEach(t=>{if(!v[t])return;const w=sx(v[t]);svg.append(el(\"rect\",{x,y:y+3,width:Math.max(w-1,1),height:16,fill:cols[t],class:\"bar\"}));x+=w;});\n      svg.append(el(\"text\",{x:x+6,y:y+15,class:\"val\"},tot(v)));});\n    const lg=document.createElement(\"div\");lg.className=\"legend\";\n    lg.innerHTML=tiers.map(t=>`<span><i style=\"background:${cols[t]}\"><\/i>${U.tierLabel[t]}<\/span>`).join(\"\");\n    document.getElementById(\"commodityCount\").append(lg,svg);\n  })();\n  let curTier=\"All\";\n  function renderUni(){\n    const q=document.getElementById(\"uniSearch\").value.trim().toLowerCase();\n    const match=C.filter(c=>(curTier===\"All\"||c.tier===curTier)&&(!q||[c.code,c.name,c.commodity,c.finding,c.commodityEn].join(\" \").toLowerCase().includes(q)));\n    let html=\"\", rows=[];\n    tiers.forEach(t=>{ if(curTier!==\"All\"&&curTier!==t) return;\n      GROUP_ORDER.forEach(g=>{ const grp=match.filter(c=>c.tier===t&&groupOf(c.commodityEn)===g); if(!grp.length) return;\n        const head=(curTier===\"All\"?U.tierLabel[t]+\" \u00b7 \":\"\")+(U.groups[g]||g)+\" (\"+grp.length+\")\";\n        html+=`<tr class=\"grp\"><td colspan=\"5\">${head}<\/td><\/tr>`+grp.map(c=>`<tr><td class=\"code\">${c.code}<\/td><td>${c.name}<\/td><td><span class=\"pill ${c.tier}\">${U.tierPill[c.tier]}<\/span><\/td><td>${c.commodity}<\/td><td>${c.finding}<\/td><\/tr>`).join(\"\");\n        rows=rows.concat(grp); }); });\n    document.getElementById(\"uniBody\").innerHTML=html;\n    document.getElementById(\"uniCount\").textContent=fill(U.uniCount,{n:rows.length,t:C.length});\n  }\n  document.querySelectorAll(\".controls button\").forEach(b=>b.addEventListener(\"click\",()=>{curTier=b.dataset.tier;document.querySelectorAll(\".controls button\").forEach(x=>x.setAttribute(\"aria-pressed\",x===b));renderUni();}));\n  document.getElementById(\"uniSearch\").addEventListener(\"input\",renderUni);\n  renderUni();\n\n  \/* company bars *\/\n  (function(){\n    const data=byCompany.map((d,i)=>[i===10?U.fourOthers:S.byCompany[i],d[1],i<5?\"--s1\":\"--s3\"]);\n    const W=600,lw=230,row=26,H=data.length*row+8,max=Math.max(...data.map(d=>d[1]));\n    const svg=el(\"svg\",{viewBox:`0 0 ${W} ${H}`,role:\"img\"});\n    data.forEach((d,i)=>{const y=4+i*row,w=d[1]\/max*(W-lw-70);\n      svg.append(el(\"text\",{x:lw-8,y:y+15,\"text-anchor\":\"end\"},d[0]));\n      svg.append(el(\"rect\",{x:lw,y:y+3,width:Math.max(w,1.5),height:16,fill:css(d[2]),rx:2,class:\"bar\"}));\n      svg.append(el(\"text\",{x:lw+w+6,y:y+15,class:\"val\"},fmt(d[1])));});\n    document.getElementById(\"chartCompany\").append(svg);\n  })();\n\n  \/* strata *\/\n  function strata(id,key,data,names,valIdx,lab){\n    const cols=[\"--s1\",\"--s2\",\"--s3\",\"--s4\",\"--s5\"].map(css);\n    document.getElementById(id).innerHTML=data.map((d,i)=>`<div style=\"width:${d[valIdx]}%;background:${cols[i]}\" title=\"${names[i]} ${d[valIdx]}%\">${d[valIdx]>=8?d[valIdx]+\"%\":\"\"}<\/div>`).join(\"\");\n    document.getElementById(key).innerHTML=data.map((d,i)=>`<div><i style=\"background:${cols[i]}\"><\/i><span>${names[i]}<\/span><b>${lab(d)}<\/b><\/div>`).join(\"\");\n  }\n  strata(\"strataAsset\",\"keyAsset\",byAsset,S.byAsset,2,d=>fill(U.assetKey,{v:fmt(d[1]),p:d[2]}));\n  strata(\"strataCommodity\",\"keyCommodity\",byCommodity,S.byCommodity,1,d=>`\u2248${d[1]}%`);\n\n  \/* cycle *\/\n  (function(){\n    const W=900,H=330,l=64,r=56,t=24,b=40,iw=W-l-r,ih=H-t-b,n=annual.labels.length,bw=iw\/n,ymax=20000,cmax=400;\n    const svg=el(\"svg\",{viewBox:`0 0 ${W} ${H}`,role:\"img\",\"aria-label\":U.ariaCycle});\n    [0,5000,10000,15000,20000].forEach(v=>{const y=t+ih-v\/ymax*ih;\n      svg.append(el(\"line\",{x1:l,x2:W-r,y1:y,y2:y,stroke:css(\"--rule\"),\"stroke-width\":1}));\n      svg.append(el(\"text\",{x:l-8,y:y+4,\"text-anchor\":\"end\"},v?fmt(v):\"0\"));});\n    [0,100,200,300,400].forEach(v=>{const y=t+ih-v\/cmax*ih;svg.append(el(\"text\",{x:W-r+8,y:y+4},v));});\n    annual.rmb.forEach((v,i)=>{const h=v\/ymax*ih,x=l+i*bw+bw*.18,w=bw*.64,y=t+ih-h;\n      svg.append(el(\"rect\",{x,y,width:w,height:h,fill:css(i===3?\"--s4\":\"--s1\"),rx:2,class:\"bar\"}));\n      svg.append(el(\"text\",{x:x+w\/2,y:y-6,\"text-anchor\":\"middle\",class:\"val\"},fmt(v)));\n      svg.append(el(\"text\",{x:x+w\/2,y:H-b+18,\"text-anchor\":\"middle\"},S.annualLabels[i]||annual.labels[i]));});\n    const pts=annual.coal.map((v,i)=>[l+i*bw+bw\/2,t+ih-v\/cmax*ih]);\n    svg.append(el(\"polyline\",{points:pts.map(p=>p.join(\",\")).join(\" \"),fill:\"none\",stroke:css(\"--s2\"),\"stroke-width\":2.5}));\n    pts.forEach((p,i)=>svg.append(el(\"circle\",{cx:p[0],cy:p[1],r:i===3?5:3.5,fill:css(\"--s2\")})));\n    svg.append(el(\"text\",{x:pts[3][0]+10,y:pts[3][1]+4,class:\"val\"},\"US$345\/t\"));\n    document.getElementById(\"chartCycle\").append(svg);\n  })();\n\n  \/* 1H2026 interim *\/\n  (function(){\n    const vals=[[386.8,2494.3],[583.3,526.8],[0,241.9],[2.4,166.9],[0,92.5],[20.7,0]];\n    const W=560,lw=120,row=40,H=vals.length*row+30,max=2500,sx=v=>v\/max*(W-lw-70);\n    const svg=el(\"svg\",{viewBox:`0 0 ${W} ${H}`,role:\"img\"});\n    vals.forEach((d,i)=>{const y=6+i*row;\n      svg.append(el(\"text\",{x:lw-8,y:y+19,\"text-anchor\":\"end\"},S.h1Names[i]));\n      svg.append(el(\"rect\",{x:lw,y:y+2,width:Math.max(sx(d[0]),1.5),height:13,fill:css(\"--s1\"),rx:2}));\n      svg.append(el(\"text\",{x:lw+sx(d[0])+6,y:y+13,class:\"val\"},fmt(d[0])));\n      svg.append(el(\"rect\",{x:lw,y:y+18,width:Math.max(sx(d[1]),1.5),height:13,fill:css(\"--s2\"),rx:2}));\n      svg.append(el(\"text\",{x:lw+sx(d[1])+6,y:y+29,class:\"val\"},fmt(d[1])));});\n    const lg=document.createElement(\"div\");lg.className=\"legend\";\n    lg.innerHTML=`<span><i style=\"background:${css(\"--s1\")}\"><\/i>${U.legendLong}<\/span><span><i style=\"background:${css(\"--s2\")}\"><\/i>${U.legendInv}<\/span>`;\n    document.getElementById(\"chartH1\").append(lg,svg);\n  })();\n\n  \/* swings *\/\n  (function(){\n    const W=1000,lw=250,row=26,H=swings.length*row+30,mid=lw+(W-lw)\/2,half=(W-lw)\/2-120,max=4000;\n    const svg=el(\"svg\",{viewBox:`0 0 ${W} ${H}`,role:\"img\"});\n    svg.append(el(\"line\",{x1:mid,x2:mid,y1:0,y2:H-22,stroke:css(\"--muted\"),\"stroke-width\":1}));\n    svg.append(el(\"text\",{x:mid+8,y:H-6},U.axisImp));svg.append(el(\"text\",{x:mid-8,y:H-6,\"text-anchor\":\"end\"},U.axisRev));\n    swings.forEach((d,i)=>{const y=4+i*row,w=Math.abs(d[2])\/max*half,neg=d[2]<0;\n      svg.append(el(\"text\",{x:lw-8,y:y+15,\"text-anchor\":\"end\"},S.swings[i]));\n      svg.append(el(\"rect\",{x:neg?mid-w:mid,y:y+3,width:Math.max(w,1.5),height:16,fill:css(neg?\"--s5\":\"--s4\"),rx:2}));\n      svg.append(el(\"text\",{x:neg?mid-w-6:mid+w+6,y:y+15,\"text-anchor\":neg?\"end\":\"start\",class:\"val\"},d[1]+fmt(Math.abs(d[2]))+U.millionSuffix));});\n    document.getElementById(\"chartSwings\").append(svg);\n  })();\n\n  \/* discount rates *\/\n  (function(){\n    const W=820,lw=210,row=26,t=10,H=discountRates.length*row+t+30,max=40,sx=v=>lw+v\/max*(W-lw-150);\n    const svg=el(\"svg\",{viewBox:`0 0 ${W} ${H}`,role:\"img\"});\n    [0,10,20,30,40].forEach(v=>{svg.append(el(\"line\",{x1:sx(v),x2:sx(v),y1:t,y2:H-24,stroke:css(\"--rule\")}));svg.append(el(\"text\",{x:sx(v),y:H-8,\"text-anchor\":\"middle\"},v+\"%\"));});\n    discountRates.forEach((d,i)=>{const y=t+i*row+12,bench=i===0;\n      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