Core Viewpoint - Greeenme intends to leverage its scarce resource business to acquire 1-2 small but high-quality listed companies, actively promote its tungsten business into the capital market, and push for its main entity to be listed in Hong Kong [1][14]. Financial Performance - In 2024, Greeenme achieved revenue of approximately 33.2 billion yuan, a year-on-year increase of 8.75%, and a net profit of about 1.02 billion yuan, up 9.19% year-on-year. The first quarter of 2025 saw revenue of around 9.5 billion yuan, a 13.67% increase year-on-year, with a net profit of 511 million yuan, up 12.1% year-on-year [2]. - Greeenme forecasts revenues exceeding 40 billion yuan, 50 billion yuan, and 60 billion yuan for 2025, 2026, and 2027 respectively, indicating a potential doubling over three years [2]. Business Growth Areas - The fastest-growing segments from 2025 to 2027 are expected to be battery materials, tungsten resource recovery, and precious and rare metal recovery, with significant investments made in tungsten and precious metal recovery since last year [2][12]. - Nickel mining is a key growth driver, with Greeenme producing 51,600 tons of nickel metal in 2024, a 91% increase year-on-year, and generating revenue of 5.85 billion yuan from nickel, accounting for 17.61% of total revenue [5][6]. Nickel Market Insights - Greeenme's nickel production is projected to exceed 216,000 tons by 2027. The company ranks among the top three in the world for MHP nickel production capacity [5][9]. - Nickel prices have seen fluctuations, with a peak of $25,638 per ton in 2022, but have since declined to around $21,506 per ton in 2023 and are projected to be approximately $16,818 per ton in 2024 [7][9]. Strategic Initiatives - Greeenme is actively seeking to establish battery material production bases in Indonesia, collaborating with companies like EcoPro and Vale to create an integrated industrial park capable of producing approximately 30 GW of power batteries annually [10]. - The company aims to become a leading global supplier of scarce resource recycling, targeting the recovery of 25 types of scarce resources, with a goal of achieving over 10% of China's supply for each type [12][13]. Future Plans - Greeenme plans to sell 1-2 small listed companies to enhance its scarce resource business and is also looking to list its main entity in Hong Kong [1][14].
格林美许开华:镍价处于企业“生死线”,拟收购一两家“小而美”的上市公司