西部黄金需求增长净利2.9亿扭亏 生产黄金9.59吨完成率105.37%

Core Viewpoint - Western Gold has reported a significant recovery in its performance for 2024, driven by increased gold prices and stable demand for manganese, achieving record revenue and profitability [1][2]. Financial Performance - In 2024, Western Gold achieved a revenue of 7.001 billion yuan, marking a historical high and a year-on-year increase of 56.68% [2][3]. - The net profit for 2024 was 290 million yuan, a turnaround from a loss of 274 million yuan in 2023 [2][3]. - The company’s cash flow from operating activities improved significantly, turning positive at 364 million yuan, a year-on-year increase of 491.43% [3]. Production and Sales - The company produced 9.59 tons of gold in 2024, exceeding its annual target by 5.37%, and an increase of 2.16 tons compared to the previous year [1][6]. - Manganese production reached 82,500 tons, and manganese ore production was 572,200 tons [1][6]. - The revenue from the gold segment was 5.506 billion yuan, up 77.84% year-on-year, while manganese revenue was 1.246 billion yuan, up 6.40% [5][6]. Business Structure and Strategy - Western Gold operates under a business model focused on gold as the main segment, with manganese and beryllium as supplementary segments [2][4]. - The company has completed the acquisition of 100% of Hengsheng Beryllium, enhancing its operational diversity and profit growth potential [4][5]. - The vertical integration of the manganese industry allows the company to control quality resources and enhance processing capabilities [5]. Future Outlook - For 2025, Western Gold plans to produce 1,793.7 kg of gold and 45,000 tons of manganese ore, with a focus on maintaining production efficiency and safety [6].