zhenhua chemical(603067) 新浪财经·2025-05-07 00:26Core Viewpoint - The company is expected to achieve record high production and sales of chromium salt products in 2024, with a positive outlook for 2025 regarding both volume and price increases in metallic chromium products, as well as further market share growth in the chromium salt sector [1]. Financial Performance - In 2024, the company is projected to achieve revenue of 4.067 billion yuan, a year-on-year increase of 9.95%, and a net profit attributable to shareholders of 473 million yuan, up 27.53% year-on-year [2]. - The company’s earnings per share (EPS) estimates for 2025 and 2026 have been raised to 1.4 yuan and 1.59 yuan respectively, with a new estimate for 2027 at 1.77 yuan [2]. - In Q1 2025, the company reported revenue of 1.02 billion yuan, a year-on-year increase of 7.59%, and a net profit of 117 million yuan, up 37.27% year-on-year [3]. Production and Market Position - The company is expected to produce approximately 260,000 tons of chromium salt products in 2024, with significant year-on-year growth in the sales of heavy chromium salts and chromium oxides [2]. - By the end of 2024, the company has become one of the top five global producers of metallic chromium, with a production capacity of around 7,650 tons [3]. - The company is focusing on high-purity metallic chromium and high-end chromium oxide products, while also expanding into new fields such as animal nutrition and advanced flame retardant materials [3]. Strategic Initiatives - The company is implementing an integrated business strategy across the entire chromium chemical industry chain, emphasizing domestic research and development of high-purity products [3]. - The first phase of the company's iron-chromium flow battery energy storage project has achieved stable operation, indicating a commitment to innovation in the energy sector [3].