XIIC(SZ:000159) Zheng Quan Shi Bao Wang·2025-03-28 01:15Core Viewpoint - The company reported a net profit attributable to shareholders of -438.78 million yuan for the year 2024, primarily due to decreased revenues from its metal manufacturing and oil and chemical product wholesale businesses, despite a positive adjusted net profit of 53.89 million yuan after excluding non-recurring losses [1] Group 1: Financial Performance - The company achieved total operating revenue of 2.576 billion yuan in 2024, with the oil and chemical product wholesale segment contributing 1.774 billion yuan, accounting for 68.87% of total revenue [2] - The manufacturing segment generated 788 million yuan in revenue, representing 30.6% of total revenue, with a gross margin of 26.74%, a slight increase of 0.31% from the previous year [2] - The overall loss in consolidated profits was impacted by the company's divestment from the real estate sector, which negatively affected profits by 546 million yuan [3] Group 2: Business Segments - The oil and chemical product wholesale business has established a significant scale and brand effect in the local market, supported by the company's early entry into the oil industry and its extensive storage capacity of 228,000 cubic meters [2] - The manufacturing sector is facing pressure on profitability due to industry impacts on photovoltaic supports and steel structures, although demand for electric power towers remains stable [2] - The company plans to expand its energy trade business and enhance its competitive position in the oil and chemical industry by leveraging its existing import qualifications and trade advantages [2] Group 3: Future Outlook - The company aims to develop a more comprehensive energy industry chain by diversifying into mineral resource extraction and unconventional oil and gas fields, while focusing on its core businesses of oil wholesale and metal products [3] - A significant future initiative includes the planned acquisition of mining rights, which involves a resource estimate of 14.9897 million tons of ore, with copper metal content of 101,460.65 tons and associated gold content of 4,254.82 kilograms [3]