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卧龙新能: 卧龙资源集团股份有限公司2024年年度报告(更正后)

Core Viewpoint - The annual report of Wolong Resources Group Co., Ltd. for 2024 indicates a significant decline in both revenue and net profit, reflecting challenges in the real estate and mineral trade sectors, while the company aims to enhance operational efficiency and manage costs effectively [1][2]. Company Overview and Financial Indicators - The company reported a total revenue of approximately RMB 3.61 billion for 2024, a decrease of 24.08% compared to RMB 4.76 billion in 2023 [2][3]. - The net profit attributable to shareholders was RMB 40.86 million, down 75.15% from RMB 164.41 million in the previous year [2][3]. - The net asset attributable to shareholders at the end of 2024 was RMB 3.76 billion, a slight decrease of 0.91% from RMB 3.79 billion in 2023 [2][3]. Business Performance - The real estate development and sales segment generated revenue of RMB 1.06 billion, reflecting a 15.35% decline year-on-year [5][6]. - The mineral trade business reported a revenue of RMB 24.77 billion, which is a decrease of 28.62% compared to the previous year [4][5]. - The company’s operating cash flow was negative at RMB -565.21 million, indicating challenges in cash management and collection [3][8]. Industry Context - The real estate market is experiencing a downturn, with a general decline in sales volume and prices, despite government efforts to stabilize the market through various policy measures [4][5]. - The copper concentrate import volume in China for 2024 was 28.11 million tons, a 2.1% increase year-on-year, with an import value of approximately RMB 482.05 billion, up 14.5% from the previous year [5][6]. - The company is focusing on optimizing its operational strategies in response to the complex economic environment, including enhancing inventory management and cost control [4][5].