CORUN(SH:600478)2025-04-28 15:50Financial Performance - The company reported a basic earnings per share of 0.0469 yuan, compared to a loss of 0.041 yuan in the previous year, marking a significant recovery[22]. - The diluted earnings per share also stood at 0.0469 yuan, reflecting the same trend as the basic earnings per share[22]. - The company's operating revenue for 2024 reached ¥3,938,173,254.59, representing a 6.3% increase compared to ¥3,704,624,772.77 in 2023[23]. - The net profit attributable to shareholders was ¥78,142,002.85, a significant recovery from a loss of ¥68,515,325.98 in the previous year[23]. - The net cash flow from operating activities increased by 48.99% to ¥516,095,255.45, up from ¥346,385,832.46 in 2023[23]. - The total assets at the end of 2024 were ¥8,930,471,708.22, reflecting a 1.53% increase from ¥8,795,791,944.34 in 2023[23]. - The company's net assets attributable to shareholders increased by 1.32% to ¥2,747,650,588.38 compared to ¥2,711,829,504.50 at the end of 2023[23]. - The basic earnings per share after deducting non-recurring gains and losses was ¥0.0036, recovering from a loss of ¥0.053 in 2023[25]. - The weighted average return on net assets increased to 2.85%, up by 5.37 percentage points from -2.52% in the previous year[25]. - The company reported a significant increase in government subsidies, with other income rising by 19.18% to ¥53,834,624.80 compared to ¥45,170,983.91 in 2023[27]. Operational Highlights - The company's inventory decreased by 24.61% to ¥258,628,640.71, primarily due to a reduction in raw material inventory[26]. - The operating costs for 2024 were ¥3,367,886,712.26, a slight increase of 0.75% from ¥3,342,841,476.12 in 2023, attributed to increased sales volume[27]. - The nickel battery business maintained stable growth, with increased sales driven by HEV model sales[37]. - The company expanded its mining capacity, increasing the annual production scale of lithium carbonate from 50,000 tons to 400,000 tons, enhancing profitability[39]. - The consumer lithium battery sales revenue significantly increased, with a gross margin improvement of 4.03% compared to the previous year[40]. - The company successfully developed 18 new products for existing customers and expanded its customer base by 12 new clients in the consumer battery segment[40]. - The company achieved a sales volume of 2.4622 million square meters for HEV nickel foam, representing a year-on-year increase of 6.5%, with sales revenue of approximately 233 million yuan, a decrease of 4.9%[60]. - Sales revenue for HEV positive and negative electrode plates reached approximately 1.248 billion yuan, with a year-on-year decrease of 3.7%[60]. Strategic Initiatives - The company is actively exploring new business areas, including hydrogen production and various battery technologies, to diversify its product offerings[38]. - The company established a 2 billion fund for the energy storage industry in collaboration with Zhongchuang Xinhang Technology Group, aimed at investing in independent energy storage projects and enhancing business development across the industry chain[42]. - The company has achieved 100% online management of human resources processes through its OA system and has digitized the records of over 2,400 employees in the EHR system, significantly improving operational efficiency[43]. - The company plans to continue expanding its lithium battery and consumer battery segments, leveraging increased demand in these areas[76]. - The company is establishing a large energy storage ecological innovation consortium to create a complete commercial closed-loop model encompassing R&D, investment, construction, and operation[120]. Market Outlook - In 2024, China's lithium battery production is projected to reach 1,170 GWh, a year-on-year increase of 24%, with the total industry output value exceeding 1.2 trillion yuan[46]. - The global demand for nickel is expected to grow by 8.02% in 2024, with a total demand of 3.64 million tons, supported by military orders in the alloy sector[45]. - The global energy storage battery shipment is anticipated to reach 369.8 GWh in 2024, representing a year-on-year growth of 64.9%, with Chinese companies accounting for 93.5% of the total shipments[48]. - The company’s new energy vehicle sales reached 12.89 million units in 2024, reflecting a year-on-year growth of 34.4%, with new energy vehicles making up 40.9% of total vehicle sales[52]. - The company aims to return to its core business of battery and materials, fully implementing a large-scale energy storage strategy[119]. Governance and Compliance - The company received a standard unqualified audit report from its accounting firm[5]. - The board of directors confirmed that all members attended the meeting, ensuring accountability for the report's accuracy[4]. - The company adheres to information disclosure regulations, ensuring the accuracy and timeliness of disclosed information[133]. - The governance structure is robust, with independent oversight and effective communication channels established for shareholder engagement[130]. - The company has established specialized committees under the board, including audit, nomination, remuneration, and strategy committees, to enhance governance[150]. Environmental Responsibility - The company invested 81.89 million yuan in environmental protection during the reporting period[175]. - The company has established environmental protection mechanisms and complies with relevant discharge standards[175]. - The company reported no instances of exceeding pollutant discharge limits during the reporting period[176]. - The company has implemented measures to ensure compliance with environmental regulations and standards[176]. - The company has established multiple pollution control facilities, including a wastewater treatment station and various gas treatment systems, all operational since 2023[188].