5, Hainan Mining announced that Tethys, an overseas wholly-owned Sun Company, had received a tax decision from the Swedish Tax Authority to pay a total of 124 million yuan in taxes and penalties.
Swedish tax checked its income tax from 2021 to 2023, found that the block profit distribution of Tethys and Oman subsidiaries did not conform to the principle of independent transaction pricing, and initiated the transfer pricing adjustment, requiring payment by November 26, 2026. The company said that the matter does not belong to the previous accounting errors, do not need to retroactively adjust the financial report, follow-up or administrative litigation will be filed. The monthly output of battery-grade lithium hydroxide
in Hainan Mining Industry has reached a new high, reaching 1943 tons in September, and the cumulative output has reached 85% of the annual target. In the first three quarters, Hainan Mining achieved an overall operating income of 4.423 billion yuan, a year-on-year increase of 31.64%, and a net profit of 650 million yuan, a year-on-year increase of 107.96%.
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