CNRE(600111)2025-04-08 04:27Financial Performance - Total revenue for 2024 was RMB 3,296,631.49 million, a decrease of 1.58% compared to RMB 3,349,699.31 million in the previous year[2] - Operating profit fell to RMB 184,009.52 million, down 40.91% from RMB 311,419.58 million year-on-year[2] - Net profit attributable to shareholders decreased by 57.64% to RMB 100,427.69 million from RMB 237,074.02 million in the previous year[2] - The basic earnings per share dropped to RMB 0.2778, a decline of 57.64% compared to RMB 0.6558 in the previous year[2] Asset Management - Total assets increased by 12.06% to RMB 4,538,095.98 million from RMB 4,049,665.50 million at the beginning of the period[2] Operational Efficiency - The company achieved a 5.1% reduction in processing costs per ton of rare earth products year-on-year[4] - The company reported an increase in production capacity utilization and market share despite a decline in revenue and profit[4] Strategic Initiatives - The company is advancing its new generation green smelting upgrade project, which has commenced production[4] - The company aims to enhance its high-quality development and is focusing on digitalization and green transformation[4] - The company is committed to promoting the stable and high-quality development of China's rare earth industry[4]