YTL(000960) 全景网·2025-04-07 05:14Core Viewpoint - Under the backdrop of global geopolitical tensions, the leading company in the tin and indium sector, Xiyu Co., Ltd. (000960), continues to maintain a steady development trend in its main business [1] Financial Performance - In the fiscal year 2024, Xiyu Co., Ltd. achieved an operating revenue of 41.973 billion yuan, remaining flat year-on-year; the net profit attributable to shareholders reached 1.444 billion yuan, showing a steady increase; the net profit after deducting non-recurring items was 1.943 billion yuan, representing a significant growth of 40.5% year-on-year [1] - In Q4 2024, the company's revenue reached 12.760 billion yuan, marking a year-on-year increase of 46.64% and a quarter-on-quarter increase of 22.2%; the net cash flow from operating activities was 906 million yuan, indicating a sustained good level of cash collection [1] Market Position and Production - In 2024, Xiyu Co., Ltd. saw a continuous increase in tin and indium production, further enhancing its market share in tin metal, and maintaining its position as the global leader since 2005 [1] - The company is the only full industry chain player in the global tin industry, integrating exploration, mining, selection, smelting, deep processing, and supply chain management [1] Strategic Initiatives - The company is continuously optimizing its supply chain channels to ensure concentrated resource development and utilization, forming an organic synergy in the upstream and downstream industrial chain, effectively improving resource utilization efficiency and market response speed [1] - As of the end of 2024, the company has cumulatively provided asset impairment provisions of 260 million yuan and has scrapped assets totaling 270 million yuan, which, while impacting profits, is expected to support the company's operational development moving forward [1] Dividend Policy - The company plans to distribute a cash dividend of 1.9 yuan (including tax) for every 10 shares based on the 2024 operating results, totaling 313 million yuan (including tax); over the past three years, the cumulative cash dividends (including buybacks) exceeded 1.1 billion yuan, accounting for approximately 80% of the average annual profit during this period, reflecting the company's robust financial status and stable dividend policy [2] Investor Engagement - On April 7, 2024, Xiyu Co., Ltd. will hold a live-streamed performance briefing and investor communication session to address common investor concerns [3]