SD Lomon(002312)2024-11-22 10:21Group 1: Company Performance - In the first three quarters of 2024, the company achieved a total revenue of 6.052 billion yuan, representing a year-on-year increase of 11.06% [1] - The net profit attributable to shareholders was 425 million yuan, showing a growth of 30.73% year-on-year [1] - The net profit excluding non-recurring gains and losses was 427 million yuan, with a year-on-year increase of 42.32% [1] - The weighted average return on equity was 4.56%, up by 1.05 percentage points year-on-year [1] Group 2: Acquisition and Resource Development - The company announced the acquisition of a 51% stake in Sichuan Guotuo Mining for 108.1385 million yuan, indirectly controlling the Sima Zuo Lithium Mine [2] - The lithium resource estimate for the Sima Zuo Lithium Mine is 14,927 tons, with an average grade of 1.13%, qualifying it as a medium-sized deposit [2] - The company holds approximately 130 million tons of phosphate rock resources, primarily for self-use [4] Group 3: Project Updates - The company has completed the first phase of a 20,000-ton lithium iron phosphate facility, which is now in small-scale production [2] - The Panzhihua project has a first phase capacity of 50,000 tons of lithium iron phosphate, currently undergoing trial runs [2] - The Tianrui Mining design capacity is 2.5 million tons per year, with a phosphate rock output of 650,000 tons in the first half of 2024 [4] Group 4: Market Trends - The average price of industrial-grade monoammonium phosphate was 5,298 yuan/ton in Q1 2024, rising to 5,937 yuan/ton in Q2 due to increased demand [3] - The price stabilized at 5,753 yuan/ton in Q3, with a recent uptick attributed to rising sulfur resource prices and increased downstream activity [3] Group 5: Future Plans - The company plans to achieve an annual processing capacity of 40 million tons of iron ore by 2030, ensuring stable supply of vanadium-titanium iron concentrate and titanium concentrate [2]