JINNIU CHEMICAL(SH:600722) Xin Lang Cai Jing·2025-04-16 10:28Core Viewpoint - Jin Niu Chemical (600722.SH) held board and supervisory meetings to discuss key proposals related to the company's 2024 performance, profit distribution plan, and 2025 financial management strategy [1] Financial Performance - In 2024, Jin Niu Chemical reported a revenue of 499.35 million yuan, a decrease of 2.35% year-on-year, while net profit attributable to shareholders increased by 56.73% to 52.62 million yuan [2][3] - The company's net profit after deducting non-recurring gains and losses was 44.05 million yuan, reflecting a 56.24% increase compared to the previous year [2][3] - Cash flow from operating activities decreased by 45.89% to 87.82 million yuan [3] Revenue Breakdown - The revenue from methanol, the main product, was 472 million yuan, an increase of 2.56% year-on-year, with a cost of 381 million yuan, down by 1.83% [4] - The gross margin for methanol was 19.23%, up by 3.61% year-on-year [4] - PVC trade revenue was 67,700 yuan, a significant decrease of 99.76%, with a cost of zero, resulting in a gross margin of 100% [4] Product Pricing and Costs - The average selling price of methanol was 2,322.14 yuan per ton, slightly down by 0.03% from the previous year [6] - The average procurement price of the main raw material, coke oven gas, increased by 0.38% to 0.485 yuan per cubic meter [7] Profit Distribution and Financial Strategy - Due to a negative distributable profit of -1.219 billion yuan, the company proposed not to distribute dividends or increase capital for 2024 [8] - For 2025, the company plans to engage in structured deposits with a maximum single deposit balance of 590 million yuan, with a term not exceeding 90 days [9] Upcoming Events - A shareholders' meeting is scheduled for May 6, 2025, to review the board's work report and other proposals [11]