消息面上，近日有媒体报道，7月22日，力勤资源副总经理费凤减持力勤资源5万股，总金额约为60.94 万港元。8月4日午间，力勤资源就相关新闻报道作出澄清，指已进行核实，有关减持是公司员工持股平 台依据其合伙协议及相关股份奖励计划的条款减持所持H股。费女士作为该员工持股平台的普通合伙 人，已就有关减持导致的视同权益减少提交权益披露表。有关减持不属于费凤针对其直接持有股份的减 持行为，其作为实益拥有人的权益维持不变。目前费女士作为公司股东，继续直接持有公司780.45万股 内资股。费女士作为公司初始股东之一，坚定支持公司业务发展、对公司发展前景保持充分信心、对公 司经营保持充分信任。 值得注意的是，7月15日，力勤资源发布公告，集团预期于截至2025年6月30日止6个月的母公司拥有人 应占溢利约为人民币12亿元至人民币15亿元，同比增幅约为104.4%至155.5%。去年同期，母公司拥有 人应占溢利约为人民币5.87亿元。母公司拥有人应占溢利预期增加主要是由于本期间，湿法ONC项目及 火法KPS项目产量释放。此外，于本期间，公司优化产品结构，精细化成本控制管理，进行技术改进优 化工艺流程，进一步提升盈利能力。 智 ...

8月4日午间，力勤资源在港交所公告，为了避免任何可能会导致公司的股东及潜在投资者混淆的情况， 公司与费凤女士进行了核实，并依据费女士的答复谨此澄清，有关减持系本公司员工持股平台依据其合 伙协议及相关股份奖励计划的条款减持所持H股。费女士作为该员工持股平台的普通合伙人，已就有关 减持导致的视同权益减少提交权益披露表。有关减持不属于费女士针对其直接持有股份的减持行为，其 作为实益拥有人的权益维持不变。截至本公告日期，费女士作为公司股东继续直接持有公司7,804,500股 内资股。费女士作为公司初始股东之一，坚定支持公司业务发展、对公司发展前景保持充分信心、对公 司经营保持充分信任。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Lygend Resources & Technology Co., Ltd. 寧波力勤資源科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2245） 澄清公告 寧波力勤資源科技股份有限公司（「本公司」）注意到近期新聞報導，內容有關本公司股 東、董事兼副總經理費鳳女士出售公司5萬股股份權益（「有關減持」）。 為了避免任何可能會導致本公司的股東及潛在投資者混淆的情況，本公司與費鳳女士 （「費女士」）進行了核實，並依據費女士的答覆謹此澄清，有關減持系本公司員工持股平 台依據其合夥協議及相關股份獎勵計劃的條款減持所持H股。費女士作為該員工持股平 台的普通合夥人，已根據證券及期貨條例（香港法例第571章）第XV部的規定，就有關 減持導致的視同權益減少提交權益披露表。有關減持不屬於費女士針對其直接持有股份 的減持行為，其作為實益擁有人的權益維持不變。截至本公告日期，費女士作為本公司 股東 ...

Core Viewpoint - Ningbo Lijin Resource Technology Co., Ltd. (referred to as "Lijin Resource") has announced a positive profit forecast for the first half of 2025, indicating a significant increase in net profit attributable to shareholders compared to the same period last year [1][2]. Group 1: Financial Performance - The net profit attributable to shareholders for the six months ending June 30, 2025, is expected to be between RMB 1.2 billion and RMB 1.5 billion, representing a year-on-year increase of approximately 104.4% to 155.5% [1]. - In the same period last year, the net profit attributable to shareholders was approximately RMB 587 million [1]. Group 2: Operational Highlights - The substantial growth in net profit is primarily attributed to the production release from the Wet ONC project and the Fire KPS project [1]. - The company has optimized its product structure, implemented refined cost control management, and made technological improvements to enhance profitability [1]. Group 3: Project Developments - Lijin Resource is jointly investing with Indonesian partners in the construction of wet and fire nickel ore smelting projects on Obi Island, Indonesia, utilizing leading industry technologies such as high-pressure acid leaching and RKEF smelting processes, with a combined annual design capacity of 400,000 tons of nickel metal [1]. - The HPAL project has a total design capacity of 120,000 tons of nickel metal and has achieved full production operation [1]. - The RKEF project has a total design capacity of 280,000 tons of nickel metal, with the company's equity project HJF achieving full production and an annual design capacity of 95,000 tons, while the controlling project KPS has partially commenced production with an annual design capacity of 185,000 tons, with full construction expected to be completed by 2026 [1]. Group 4: Industry Context - Despite the downward fluctuation in nickel prices in the first half of 2025, Lijin Resource has demonstrated strong performance, indicating its resilience during cyclical downturns [2]. - Companies like Lijin Resource, which can achieve steady growth during industry downturns, are likely to outperform the industry in subsequent performance [2].

Core Insights - ESG has evolved from a moral advocacy to a core competitive advantage and survival rule for companies in the context of global climate crisis and resource constraints [1] - Bloomberg projects that ESG investment will reach $40 trillion by 2030, emphasizing the need for companies to seek growth within the framework of environmental limits, social justice, and transparent governance, particularly in resource-intensive industries [1] Financial Performance - In 2024, the company achieved a revenue of 29.233 billion yuan, representing a year-on-year growth of 38.8%, and a net profit attributable to shareholders of 1.773 billion yuan, reflecting a year-on-year increase of 68.7% [3] - This growth underscores the synergy between environmental investment and economic benefits, showcasing a win-win model [3] ESG Practices - The company has implemented a waste heat recovery system at its acid plant since 2021, capturing heat generated during production to reduce reliance on fossil fuels and lower carbon emissions [5] - Through technological innovation, the company has transformed environmental investments into cost savings and tangible financial benefits, demonstrating the effectiveness of a circular economy approach [5] Resource Utilization - Nickel slag is repurposed into artificial coral reefs, turning waste into valuable materials for marine ecological engineering, showcasing the company's commitment to resource recycling [5] - The company initiated an artificial coral reef planting project in the OBI industrial park in 2021, utilizing nickel slag mixed with other materials [5] Social Responsibility - The company promotes social harmony by supporting education, cultural development, and sports, including donations to local educational institutions and sports initiatives [6] - In its international operations, the company emphasizes local social responsibility, contributing to infrastructure development such as schools and medical centers, enhancing local living conditions and employee satisfaction [6] Competitive Advantage - As carbon neutrality shifts from policy constraints to market mechanisms, ESG capabilities are becoming a new dividing line for corporate competitiveness [7] - The company's value lies in balancing economic and social benefits, providing a reference model for the industry in creating green productivity [7]

Nickel Production and Projects - The company has established a complete nickel production process, including both pyrometallurgical and hydrometallurgical methods, with a total designed capacity of 18,000 metal tons of nickel iron at its Jiangsu factory [8]. - The Obi project in Indonesia has a total designed capacity of 120,000 metal tons of nickel-cobalt compounds (including 14,250 metal tons of cobalt) and 280,000 metal tons of nickel iron, contributing significantly to the company's production capabilities [8]. - The company has invested in two nickel production projects in Indonesia, enhancing its production capacity and market presence [8]. - The company has a total designed capacity of 400,000 tons of nickel metal in its smelting projects, with 120,000 tons from HPAL and 280,000 tons from RKEF [28]. - The HPAL project has successfully achieved production targets, with all lines operating at full capacity throughout the year [33]. - The RKEF project has a total designed capacity of 280,000 tons of nickel iron, with HJF contributing 95,000 tons and KPS expected to complete all production lines by 2026 [35]. - The company has successfully implemented the HPAL project, achieving design capacity within two months of production startup, setting industry records for efficiency [41]. - The third-generation HPAL process used in the project is among the most competitive technologies for processing low-grade nickel ore, significantly improving production efficiency while reducing energy consumption and costs [42]. Financial Performance - The company achieved a revenue of RMB 29,233.0 million in 2024, representing a year-on-year growth of 38.8% [16]. - Net profit attributable to shareholders reached RMB 1,773.2 million, an increase of 68.7% compared to the previous year [16]. - Non-current assets totaled RMB 25,357.7 million, up from RMB 20,400.9 million in 2023, indicating a growth of 24.5% [15]. - Total assets increased to RMB 37,957.0 million, a rise of 23.6% from RMB 30,679.7 million in 2023 [15]. - The total equity attributable to shareholders rose to RMB 10,758.9 million, reflecting an increase of 17.2% from RMB 9,185.5 million in 2023 [15]. - The company achieved a total revenue of RMB 29,233.0 million in 2024, representing a 38.8% increase year-over-year [29]. - Gross profit grew by 58.3% from RMB 3,382.0 million in 2023 to RMB 5,352.5 million in 2024, with gross margin rising from 16.1% to 18.3% [60]. - Profit from associates surged from RMB 233.2 million in 2023 to RMB 404.0 million in 2024, largely due to the HJF project's full production capacity [66]. - The company's profit before tax increased significantly from RMB 1,761.5 million for the year ended December 31, 2023, to RMB 3,817.0 million for the year ended December 31, 2024 [67]. - Annual profit surged from RMB 1,721.5 million for the year ended December 31, 2023, to RMB 3,208.8 million for the year ended December 31, 2024, with a net profit margin increase from 8.2% to 11.0% [69]. Market and Industry Trends - The company anticipates continued growth in demand for nickel products driven by the global transition to green energy and the development of new energy vehicles [20]. - The demand for nickel in the new energy and high-end manufacturing sectors is expected to grow, driven by the acceleration of the global green economy transition [25]. - In 2024, the Chinese new energy vehicle market saw significant growth, with production and sales reaching 12.888 million and 12.866 million units, respectively, marking year-on-year increases of 34.4% and 35.5% [26]. - The stainless steel market demand continued to grow, with China's crude stainless steel production reaching 39.4411 million tons, an increase of 7.54% year-on-year [27]. - Nickel metal prices are influenced by global economic recovery uncertainties and high interest rates, with significant volatility expected in 2024 due to supply shortages and geopolitical factors [36]. Strategic Initiatives and Goals - The company is focused on expanding its nickel industry value chain, integrating upstream resource procurement, midstream smelting production, and downstream application scenarios [4]. - The company aims to leverage Chinese technology to integrate global resources, positioning itself as a leader in the nickel industry [4]. - The company is committed to becoming a leading service provider in the global nickel industry chain, focusing on steady progress and transformation [20]. - The company is actively participating in community construction and environmental protection projects in the Obi project area, demonstrating its commitment to social responsibility [22]. - The company is committed to green low-carbon production and aims to integrate advanced Chinese technology with global resources for sustainable development [28]. - The company is focusing on cost reduction and efficiency improvement through optimized business models and flexible sales and procurement strategies [22]. Governance and Compliance - The company has appointed multiple directors and managers across various subsidiaries, indicating a strong governance structure [87][88][89][90][91][92][93][94][95][96]. - The board of directors consists of 9 members, ensuring diverse expertise and governance [111]. - The company has adopted strict internal procedures to ensure compliance with ethical standards and regulations [107]. - The independent non-executive directors confirmed their independence annually as per listing rules [115]. - The company has established a robust internal control and risk management system to oversee its operations and financial performance [124]. - The audit committee, composed entirely of independent non-executive directors, reviews the financial reporting process and internal control systems annually [151]. Community and Environmental Responsibility - The company is actively involved in community initiatives, which may improve its public image and stakeholder relations [95]. - The company has a strong focus on green production and circular economy, recycling by-products to maximize resource utilization [39]. - The company is enhancing its R&D capabilities, focusing on comprehensive development of metal resources from laterite nickel ore and energy-saving technologies [51]. Future Outlook and Expansion Plans - Future outlook includes strategic expansions and potential acquisitions to enhance market presence, although specific targets were not mentioned [89]. - The company is exploring opportunities in emerging markets, which could provide new revenue streams [89]. - The company plans to continue expanding its market presence and enhancing customer relationships through improved trade processes and services [31].

Core Viewpoint - In 2024, despite fluctuations in nickel prices, Ningbo Likin Resources Technology Co., Ltd. (referred to as "the company") achieved significant growth, with operating income reaching RMB 29.23 billion, a year-on-year increase of 38.8%, and a net profit attributable to shareholders of RMB 1.77 billion, up 68.7% [1] Group 1: Production and Financial Performance - The company achieved growth in both revenue and net profit in 2024, driven by an integrated upstream and downstream resource layout and breakthroughs in key processes and technologies [2] - The company's production capacity for nickel products is entering a phase of accelerated release, indicating potential for sustained growth in performance [4] Group 2: Supply Chain and Strategic Partnerships - The company has established a comprehensive industrial chain layout from resource acquisition to sales, showcasing advantages in cost, technology, products, and ESG [3] - The company deepened cooperation with major nickel resource suppliers in Indonesia and the Philippines, enhancing supply chain stability and risk resistance [3] - Long-term cooperation agreements with leading downstream companies in the battery sector have been established, ensuring stable nickel supply for the company's trading business [3] Group 3: Market Trends and New Applications - Nickel is a key component in various battery systems, and the rise of new applications, such as solid-state batteries and intelligent robots, is expected to create significant demand for nickel [5][6] - The demand for nickel in the stainless steel market is projected to grow, supported by policies promoting equipment upgrades and the recycling of consumer goods [9][10] - The company is positioned to benefit from the increasing demand for nickel in new energy and high-end manufacturing sectors, as traditional demand shifts [11]

Core Viewpoint - The global nickel market in 2024 continues to experience volatility, characterized by a "roller coaster" trend with prices peaking and then retreating due to oversupply and weak demand [1] Group 1: Supply and Demand Dynamics - The global nickel market is currently oversupplied, with an expected production of 3.52 million tons in 2024, a 4.7% increase year-on-year, primarily driven by Indonesia, which contributes three-quarters of the global supply [5] - Indonesia's export ban on nickel ore has led to a focus on building a high-value-added industry domestically, enhancing overall resource utilization efficiency [6] - The demand for nickel is expected to rise due to the long-term growth trend in the electric vehicle (EV) industry, with global EV sales projected to reach 18.236 million units in 2024, a 24.4% increase year-on-year [7] - The demand for nickel is also supported by robust stainless steel production in China, with crude stainless steel output expected to reach 39.4411 million tons in 2024, a 7.54% increase year-on-year [8] Group 2: Company Performance - Company "力勤资源" has achieved revenue of RMB 29.23 billion in 2024, a 38.8% year-on-year increase, and a net profit of RMB 1.77 billion, a 68.7% increase year-on-year, demonstrating resilience in a challenging market [4] - The company has established a competitive edge through advanced hydrometallurgical processes and a global resource layout, allowing it to thrive amid industry pressures [4] Group 3: Technological Innovations - The company is leveraging both hydrometallurgical (HPAL) and pyrometallurgical (RKEF) technologies to create a dual supply system that efficiently utilizes nickel resources [10] - The hydrometallurgical project on Obi Island has a planned capacity of 120,000 tons of nickel and 14,250 tons of cobalt, with the first two phases achieving production in record time [10][11] - The company has also implemented innovative technologies to improve energy efficiency and reduce costs in its pyrometallurgical processes, with a projected annual capacity of 280,000 tons of nickel iron by 2026 [12] Group 4: Environmental and Economic Synergy - The company is focusing on extracting valuable metals from hydrometallurgical tailings, which is expected to create new profit growth points while alleviating environmental pressures [13] - The dual approach of hydrometallurgical and pyrometallurgical processes allows the company to balance market risks and enhance overall resource utilization efficiency [12][14]

Financial Performance - Revenue increased from RMB 21,059.3 million for the year ended December 31, 2023, to RMB 29,233.0 million for the year ended December 31, 2024, representing a growth of 38.8%[4] - Gross profit rose from RMB 3,382.0 million for the year ended December 31, 2023, to RMB 5,352.5 million for the year ended December 31, 2024, with a gross margin of 18.3%, up 2.2 percentage points from 16.1%[4] - Profit for the year reached RMB 3,208.8 million, an increase of 86.4% compared to RMB 1,721.5 million for the year ended December 31, 2023[4] - Profit attributable to owners of the company increased by 68.7% to RMB 1,773.2 million from RMB 1,051.4 million for the year ended December 31, 2023[4] - Total comprehensive income for the year was RMB 3,370.1 million, compared to RMB 1,897.7 million for the previous year[6] - The company achieved a revenue of RMB 29,233 million in 2024, representing a year-on-year growth of 38.8%[46] - The net profit attributable to shareholders reached RMB 1,773.2 million, an increase of 68.7% compared to the previous year[52] Dividends - The board proposed a final dividend of RMB 0.35 per share (pre-tax) for the year ended December 31, 2024, compared to RMB 0.20 per share (pre-tax) for the previous year[4] - The proposed final dividend for the year ending December 31, 2024, is RMB 0.35 per share, with total dividends distributed amounting to RMB 1,423,340,000[31] Assets and Liabilities - Non-current assets increased to RMB 25,357.7 million as of December 31, 2024, from RMB 20,400.9 million as of December 31, 2023[7] - Current assets rose to RMB 12,599.3 million as of December 31, 2024, compared to RMB 10,278.9 million as of December 31, 2023[8] - Total liabilities increased to RMB 20,000.4 million as of December 31, 2024, from RMB 16,194.4 million as of December 31, 2023[8] Revenue Sources - Revenue from nickel product sales amounted to RMB 28,255,139 thousand, up 38.8% from RMB 20,376,803 thousand in the previous year[18] - Revenue from services transferred over time was RMB 1,714,289 thousand, compared to RMB 1,139,012 thousand in 2023, reflecting a 50.2% increase[18] - The company reported a significant increase in revenue from other regions, which rose to RMB 3,647,205 thousand from RMB 834,638 thousand in 2023[16] Production and Capacity - The company’s nickel production capacity includes 120,000 tons of nickel-cobalt compounds from hydrometallurgical processes and 280,000 tons of nickel iron from pyrometallurgical processes[52] - The company successfully achieved full production capacity for the HPAL project in Indonesia, contributing to stable operational performance[46] - The HPAL project has achieved design capacity within two months of production, setting multiple industry records and is one of the lowest cash cost nickel-cobalt compound production projects[66] Market and Industry Trends - In 2024, the global nickel market faced a complex supply-demand situation, with Indonesia maintaining a relatively balanced but tightening nickel ore supply[47] - The demand for nickel in the new energy vehicle sector is expected to grow, with the market for nickel sulfate experiencing a temporary shortage in 2024[48] - The production of stainless steel in China reached 39.44 million tons in 2024, an increase of 7.54% year-on-year[51] - The sales volume of new energy vehicles in China reached 12.886 million units in 2024, a year-on-year increase of 35.5%[50] Strategic Initiatives - The company is actively responding to national policies for green transformation, aiming to integrate advanced Chinese technology with global resources[52] - The company is focusing on the Obi project in Indonesia as a key driver for future profit growth, ensuring the production line starts smoothly and operates efficiently[75] - The company plans to deepen cooperation with top domestic educational and research institutions in 2024 to drive technological innovation and industry upgrades, with tailings treatment technology development nearing completion[70] Financial Management - The total income tax expense for 2024 was RMB 608,290,000, compared to RMB 40,024,000 in 2023, marking a substantial increase of 1415.7%[31] - Administrative expenses increased by 11.4% from RMB 928.0 million to RMB 1,033.8 million, mainly due to business expansion and rising employee costs[85] - Financing costs rose from RMB 534.9 million to RMB 647.5 million, attributed to increased bank borrowings and rising interest rates[87] Corporate Governance - The company has maintained compliance with the corporate governance code, except for specific provisions regarding the separation of roles between the chairman and CEO[115] - The audit committee has reviewed the annual performance and consolidated financial statements for the year ending December 31, 2024, ensuring effective risk management policies are in place[120] Community and Environmental Responsibility - The company actively engaged in community development and environmental protection projects in the Obi project area, demonstrating its commitment to social responsibility[46] - The company has established a comprehensive ESG operating system and continues to optimize ESG-related matters, integrating sustainable development concepts into all aspects of trade, production, and sales[74]

"A系列"宽基指数今日回调，关注易方达中证A500ETF联接基金（A/C:022459/022460）等产品动向 截 至收盘，今日中证A500指数下跌1.8%，中证A100指数下跌1.4%，中证A50指数下跌1.2%。 ...