金石资源：首个海外基地稳步推进 预处理项目已进入调试阶段

Core Insights - In 2024, the company faced significant performance pressure with a 26% year-on-year decline in net profit, but reported a 45% increase in operating revenue and improved cash flow, indicating enhanced market share and operational quality [1] Financial Performance - The company achieved operating revenue of 2.752 billion yuan, a 45% increase year-on-year [1] - The net profit attributable to shareholders was 257 million yuan, reflecting a 26% decrease compared to the previous year [1] Resource Development - The company holds approximately 27 million tons of confirmed single fluorite resource reserves and has a cooperative development of 130 million tons of associated fluorite resources with Baogang Group [1] - The Baotou "selection and chemical integration" project has successfully validated the company's "resource + technology" strategy, contributing approximately 110 million yuan to profits in 2024, accounting for nearly 45% of the company's net profit [1] International Expansion - Following the success of the Baotou project, the company has initiated its first overseas fluorite resource development project in Mongolia, marking a significant step in its global expansion strategy [2] - The pre-treatment project in Mongolia is currently in the commissioning phase, with the establishment of two companies to manage the mining and processing operations [2] Infrastructure Development - The company is actively advancing the construction of flotation plants and supporting infrastructure, with expectations to complete equipment installation and testing by mid-year [3] - There is a need to expedite the coordination and approval of land for tailings storage and other infrastructure to facilitate large-scale production [3]