Sichuan Development Lomon Co., Ltd. announced that the Baizhu phosphate mine under its wholly-owned grandchild company Hubei Lomon Phosphorus Chemical had its production resumption postponed from the originally planned August 15, 2026 to October 15, 2026, due to a general roof fall accident. The accident caused one minor injury and one death. The company said the accident did not affect the phosphate mineral resources and is not expected to have a major impact on ongoing production and operations. According to preliminary estimates, the delayed resumption is expected to reduce current-period revenue by about 136 million yuan in total, accounting for about 1.4 percent of audited revenue in 2025, and reduce current-period net profit by about 45 million yuan, accounting for about 10.9 percent of audited net profit attributable to the parent company in 2025. The company said it will urge Hubei Lomon to resume production as soon as possible and continue to strengthen safety production management and supervision, while the related impact and resumption timing remain uncertain.
Sichuan Development Lomon Co LtdProduction resumption delayed due to accident, cutting net profit by about 45 million yuan.
Subsidiary's mine accident delays production resumption, impacting revenue and profit.
