Core Viewpoint - In 2024, the company achieved significant revenue growth, but it faced a decline in performance in the first quarter of 2025, prompting concerns about market conditions and future prospects [2][8]. Group 1: 2024 Performance - The company reported total revenue of 6.542 billion yuan in 2024, representing an 18.02% year-on-year increase [5]. - Net profit attributable to shareholders reached 685 million yuan, a substantial increase of 81.24% compared to the previous year [5]. - The gross profit was 1.445 billion yuan, reflecting a 38.54% increase, indicating effective cost control and product optimization [5]. - The company expanded its product offerings, including cobalt salts and battery-grade lithium carbonate, and established long-term partnerships with several well-known enterprises in the industry [5]. Group 2: Q1 2025 Performance - In the first quarter of 2025, the company reported revenue of 1.46 billion yuan, a decline of 3.6% year-on-year [6]. - Net profit attributable to shareholders was 123 million yuan, down 14.3% compared to the same period last year [6]. - The company experienced a negative operating cash flow of 19.12 million yuan, despite a 19.6% increase in cash flow from operations [6]. Group 3: Future Growth Plans - The company announced plans to expand its copper and cobalt production capacity overseas, including a new wet metallurgy plant in the Democratic Republic of the Congo with an annual capacity of 30,000 tons of copper and 2,000 tons of cobalt [7]. - The project is expected to have a construction period of 18 months and a post-tax internal rate of return of 35.01% [7]. - The company maintains a safety stock of materials and is prepared to manage potential disruptions due to local policy changes in the Democratic Republic of the Congo [7].
腾远钴业2024年业绩亮眼，但2025年一季度营利双降