锌业股份(000751) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was approximately ¥15.60 billion, a decrease of 0.40% compared to ¥15.67 billion in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥21.28 million, down 76.11% from ¥89.11 million in 2023[18]. - The net cash flow from operating activities was negative at ¥527.63 million, representing an 82.85% decline compared to a negative cash flow of ¥288.56 million in 2023[18]. - Basic earnings per share for 2024 were ¥0.01, an 83.33% decrease from ¥0.06 in 2023[18]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was ¥18.68 million in 2024, down 74.54% from ¥73.35 million in 2023[18]. - The weighted average return on equity for 2024 was 0.59%, a decrease of 2.26% from 2.85% in 2023[18]. - The company's total operating costs for 2024 were ¥13,612,601,968.62, a decrease of 3.85% from ¥14,158,048,967.61 in 2023[47]. - The company reported a total investment amount for the reporting period of approximately ¥4.22 billion, a decrease of 10.35% compared to the previous year[62]. Assets and Liabilities - Total assets at the end of 2024 were approximately ¥8.97 billion, an increase of 1.44% from ¥8.85 billion at the end of 2023[18]. - The net assets attributable to shareholders at the end of 2024 were approximately ¥3.55 billion, a decrease of 0.76% from ¥3.58 billion at the end of 2023[18]. - Cash inflow from financing activities increased by 34.67% year-over-year, totaling approximately ¥6.18 billion, primarily due to increased borrowings[56]. - Cash outflow from financing activities also increased by 34.36% year-over-year, amounting to approximately ¥5.58 billion, mainly due to higher debt repayments[57]. - The net increase in cash and cash equivalents for 2024 was approximately -¥105.27 million, a significant decrease of 257.23% year-over-year[58]. - Inventory increased to approximately ¥3.75 billion, representing 41.77% of total assets, up from 38.21% at the beginning of the year[59]. Production and Operations - In 2024, the company's zinc metal product output reached 279,100 tons, accounting for 4.93% of the domestic zinc metal production[34]. - The company produced 26,900 tons of lead metal products in 2024, representing 0.55% of the domestic lead metal production[34]. - The copper metal product output from the company's subsidiary was 85,700 tons, which is 0.77% of the domestic copper metal production[34]. - The company achieved a total product output of 279,100 tons of zinc, 26,900 tons of lead, 85,700 tons of copper, and 581,900 tons of sulfuric acid, with a revenue of CNY 15.604 billion and a net profit attributable to shareholders of CNY 21.2841 million[38]. Market and Demand - The demand for zinc is expected to continue growing, particularly in the real estate, automotive, and infrastructure sectors[28]. - The domestic copper consumption is projected to maintain a growth trend, driven by investments in new infrastructure and renewable energy[29]. - The company is positioned to benefit from the growing demand for high-end materials in emerging markets, supporting its long-term growth strategy[73]. Strategic Initiatives - The company focused on optimizing production structure and enhancing quality management to maintain stable operations amid market challenges, including raw material supply tightness and fluctuating processing fees[38]. - The company implemented a dynamic adjustment strategy for raw material procurement, maintaining high processing fees and reducing costs through flexible purchasing strategies[39]. - The company emphasized technological upgrades and the development of high-value-added products to explore new profit growth points[38]. - The company is committed to optimizing its product structure and developing high-end products to enhance brand competitiveness and market influence[78]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors[134]. - The company has a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with legal regulations and corporate governance standards[84]. - The management team is focused on maximizing shareholder value and social benefits while continuously improving development quality[85]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with shareholders through various platforms[85]. Environmental Responsibility - The company paid an environmental protection tax of CNY 1.9527 million in 2024[131]. - The company implemented measures to reduce carbon emissions by eliminating high-energy-consuming equipment and promoting energy-efficient practices[132]. - The company’s wastewater is fully reused after treatment, and all emissions meet national standards for sulfur dioxide and particulate matter[129]. - The company has adhered to multiple environmental protection laws and standards, including the Air Pollution Prevention Law[127]. Shareholder Engagement - The annual shareholder meeting in 2023 had a participation rate of 0.75%, while the first and second extraordinary shareholder meetings in 2024 had participation rates of 0.81% and 1.11%, respectively[89][90]. - The company distributed cash dividends of CNY 0.30 per share, totaling CNY 48,468,917.85, based on a total share capital of 1,615,630,595 shares[178]. - The company has established a three-year dividend plan for 2025-2027 to enhance the return for small and medium investors[115]. Risk Management - The company has implemented a risk monitoring system to continuously assess and report various risks, especially during periods of market volatility[67]. - The company’s risk control measures include strict adherence to hedging plans and separation of trading and accounting responsibilities to minimize operational risks[67]. - The company has committed to avoiding any substantial competition with its subsidiaries and will not engage in similar business activities[140].