TINCI(SZ:002709) Zhong Guo Jing Ji Wang·2025-07-08 03:24Core Viewpoint - The company Tianqi Materials plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness in the international market [1][2]. Group 1: H-Share Issuance - The company held board and supervisory meetings on July 4, 2025, to approve the proposal for issuing H-shares and listing on the Hong Kong Stock Exchange [1]. - The issuance aims to support the company's global strategy, meet the needs of overseas business development, and improve operational efficiency [1][2]. - The issuance requires approval from the shareholders' meeting and relevant regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [2]. Group 2: Financial Performance - In 2024, the company reported a revenue of 12.52 billion yuan, a decrease of 18.74% compared to 2023 [3]. - The net profit attributable to shareholders was 483.93 million yuan, down 74.40% year-on-year [3]. - The net profit after deducting non-recurring gains and losses was 381.60 million yuan, reflecting a decline of 79.08% [3]. - The net cash flow from operating activities was 881.54 million yuan, a decrease of 61.24% compared to the previous year [3]. Group 3: Historical Financial Data - In 2023, the company achieved a revenue of 15.40 billion yuan, down 30.97% from 2022 [4]. - The net profit attributable to shareholders in 2023 was 1.89 billion yuan, a decline of 66.92% year-on-year [4]. - The net profit after deducting non-recurring gains and losses for 2023 was 1.82 billion yuan, down 67.08% compared to 2022 [4]. - The net cash flow from operating activities in 2023 was 2.27 billion yuan, a decrease of 45.38% from 2022 [4].