2025-01-20 11:22Financial Performance - The estimated net profit attributable to shareholders for 2024 is expected to be approximately 270.57 million yuan, a decrease of 42%-52% compared to the previous year's 326.94 million yuan [3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be around 160.57 million yuan, down 56%-67% from 216.94 million yuan in the previous year [3]. - The company anticipates a slight increase in annual operating revenue compared to the previous year, despite the decline in net profit [5]. - The net cash flow from operating activities is expected to be approximately 420 million yuan for 2024 [5]. - The financial data presented is preliminary and has not been audited by an external accounting firm [4]. - The company will provide detailed financial data in the 2024 annual report, urging investors to make cautious decisions [7]. Market Conditions - The average price of praseodymium-neodymium metal is expected to be 490,000 yuan per ton in 2024, a decrease of approximately 25% from 650,000 yuan per ton in 2023 [6]. - Increased personnel reserves and training costs at the Ningbo and Baotou factories have led to a temporary rise in unit costs and management expenses, impacting net profit [6]. Operational Highlights - The company achieved a capacity utilization rate exceeding 90% and recorded the highest sales volume of high-performance magnetic materials in its history [5]. - The company is actively expanding its business and preparing for production capacity increases despite the challenges posed by declining raw material prices [5].