Core Viewpoint - The company reported a significant increase in revenue but a substantial decline in net profit, reflecting challenges in the lithium market and operational adjustments [2][3]. Financial Performance - Total revenue for the reporting period reached 303.41 million yuan, a year-on-year increase of 21.06% [2]. - Net profit attributable to shareholders was 85.41 million yuan, a decrease of 48.54% compared to the previous year [2]. - Net profit excluding non-recurring items was 73.59 million yuan, down 48.23% year-on-year [2]. - Basic and diluted earnings per share both stood at 0.3289 yuan, reflecting a decline of 48.55% [2]. - The weighted average return on equity decreased to 2.51%, down 2.51 percentage points from the previous year [2]. Asset Overview - Total assets at the end of the reporting period were 4.41 billion yuan, an increase of 1.87% from the end of the previous year [2]. - Net assets attributable to shareholders were 3.40 billion yuan, up 1.26% from the previous year [2]. Business Operations - The company's main business includes lithium mining, lithium salt production, and lithium battery equipment manufacturing [3]. - The lithium mining segment saw a significant increase in production and sales, with revenue from lithium concentrate rising by 51.87% year-on-year [3]. - However, due to increased supply and a significant drop in lithium salt prices, the company reduced its lithium salt production and sales, leading to a substantial decline in revenue from this segment [3]. - The company also experienced a significant decrease in investment income from joint ventures in lithium salt production [3]. - The lithium battery anode and cathode material projects are still in the construction and planning stages, with no products generated yet [3].