SCGS(SH:600678) Mei Ri Jing Ji Xin Wen·2025-04-27 09:15Core Viewpoint - Sichuan Jinding has shown a significant recovery in performance after a period of losses, with a notable increase in revenue and a return to profitability in the first quarter of 2025 [1][4]. Financial Performance - In 2024, the company achieved an operating income of 357 million yuan, an increase of 8.86% year-on-year, but reported a net loss of 19.19 million yuan attributable to shareholders [1]. - The loss narrowed significantly by 22.05 million yuan compared to the same period in 2023, indicating a strong recovery trend [1]. - In Q1 2025, the company reported total operating revenue of 126 million yuan, a year-on-year increase of 46.19%, and a net profit of 18.03 million yuan, marking a return to profitability [1]. Business Segments - The company operates in three main segments: limestone mining, active calcium oxide production, and logistics transportation, with differentiated development across these areas [2]. - Limestone mining saw a total extraction of 9.7448 million tons in 2024, an increase of 3.3988 million tons or 53.56% year-on-year, with sales revenue from limestone reaching 279 million yuan, up 63.92% [2]. - Active calcium oxide production, essential for various industries, generated revenue of 2.8487 million yuan from 0.78 million tons produced in 2024 [3]. - The logistics segment achieved a cargo throughput of 1.4938 million tons, an increase of 54.68% year-on-year, with revenue of 37.6915 million yuan [3]. Cash Flow and Financial Health - The net cash flow from operating activities for 2024 reached 109 million yuan, a staggering increase of 1111.55% year-on-year, marking the second-best performance in the company's history [4]. - In Q1 2025, operating cash flow was 12.9527 million yuan, continuing a year-on-year increase of 1197.37%, demonstrating strong operational resilience [4]. Strategic Initiatives - The management acknowledged the need to diversify the product structure and expand market reach due to the low added value of current main products [5]. - Plans for 2025 include improving the main business structure and leveraging capital market financing to expand operations [6]. - The company aims to build a green circular low-carbon economy, focusing on the development of smart and green mines, and enhancing its competitive edge in the calcium industry [6].