Ju Chao Zi Xun·2025-09-01 03:19Core Insights - The company reported a significant decline in revenue for the first half of 2025, with total revenue of 4,832,680,736.98 yuan, representing a year-on-year decrease of 24.71% [5] - Despite the revenue drop, the company achieved a net profit attributable to shareholders of 84,410,596 yuan, marking a turnaround from a loss in the previous year [5] - The company's total assets increased by 7.17% year-on-year, reaching 73,600,662,280.76 yuan, while net assets attributable to shareholders saw a slight increase of 0.04% [1] Financial Performance - Revenue for the reporting period was 4,832,680,736.98 yuan, down from 6,418,578,589.96 yuan in the same period last year [2] - Net profit attributable to shareholders was 84,410,596 yuan, compared to a loss of 5,205,769,094.18 yuan in the previous year, reflecting a 101.62% increase [2] - The net profit after deducting non-recurring gains and losses was 1,320,004.23 yuan, a significant recovery from a loss of 5,220,859,867.70 yuan [2] - The basic and diluted earnings per share improved to 0.05 yuan, compared to a loss of 3.18 yuan per share in the previous year [2] Operational Highlights - The company faced challenges due to fluctuations in lithium product prices, but the pricing mechanism for its subsidiaries has improved, reducing previous mismatches [2] - The company’s significant associate, SQM, reported a substantial increase in performance, contributing positively to the company's investment income [3] - The Australian dollar's strength has led to increased foreign exchange gains compared to the previous year [4] Mining Operations - The company holds mining rights to the world's largest lithium mine, the Greenbushes lithium spodumene mine, which had a total ore extraction of 2.6941 million tons in the reporting period [4] - The average grade of chemical-grade ore extracted was 1.89%, while technical-grade ore had an average grade of 3.85% [4] - According to Wood Mackenzie, the Greenbushes mine is expected to account for 20.4% of global production from hard rock lithium projects in 2025 [4] - The company also has a stake in SQM, which operates in the Atacama salt flat, projected to be the largest lithium brine project globally, contributing 36% of total lithium brine production in 2025 [4]