芳源股份(688148) - 2024 Q4 - 年度业绩

Financial Performance - The company achieved total operating revenue of RMB 216,152.68 million, a year-on-year increase of 2.81%[6] - The net profit attributable to the parent company was a loss of RMB 42,569.24 million, a reduction in loss compared to the previous year's loss of RMB 45,538.40 million[6] - The basic earnings per share were -0.83 yuan, compared to -0.89 yuan in the previous year[4] - The company's weighted average return on net assets was -53.75%, a decrease of 18.47 percentage points from the previous year[4] Assets and Equity - Total assets at the end of the reporting period were RMB 310,153.97 million, an increase of 0.49% from the beginning of the period[6] - The equity attributable to the parent company decreased by 46.25% to RMB 56,211.84 million compared to the beginning of the period[6] Market Conditions - The company faced declining demand for ternary precursor products due to weak overseas sales of new energy vehicles and increased penetration of lithium iron phosphate technology[6] - The prices of nickel, cobalt, and lithium experienced significant fluctuations, leading to inventory write-downs and sales losses due to mismatched raw material procurement costs and product sales prices[7] Operational Challenges - The company implemented technical upgrades to production lines to enhance capacity for sulfate and battery-grade lithium carbonate, resulting in lower capacity utilization and increased unit costs[6] Investor Advisory - Investors are advised to be cautious as the disclosed data is preliminary and subject to final audit in the annual report[8]