XTC(600549)2024-11-29 10:25Financial Performance - In the first three quarters of 2024, Xiamen Tungsten Co., Ltd. achieved a consolidated revenue of CNY 26.369 billion, a decrease of 10.7% year-on-year due to significant declines in raw material prices for battery materials and rare earth products [2] - The total profit reached CNY 2.594 billion, representing a year-on-year increase of 22.16% [2] - The net profit attributable to shareholders was CNY 1.402 billion, up 20.78% year-on-year [2] - The net cash flow from operating activities was CNY 2.293 billion, an increase of 18.23% year-on-year [2] Business Segment Performance Tungsten and Molybdenum - The tungsten and molybdenum segment generated revenue of CNY 13.249 billion, a growth of 7.04% year-on-year, with a total profit of CNY 1.960 billion, up 17.34% [2] - Sales volume of fine tungsten wire increased by 95% year-on-year, reaching 1,065 million meters, with sales revenue growing by 52% [2] New Energy Materials - Revenue from new energy battery materials was CNY 9.882 billion, a decline of 24.69% year-on-year, with a profit of CNY 386 million, down 13.87% [2] - Sales volume of lithium cobalt oxide products increased by 30% year-on-year, while sales of ternary materials rose by 65% [2] Rare Earth - The rare earth segment reported revenue of CNY 3.203 billion, a decrease of 18.25% year-on-year, with a profit of CNY 180 million, up 61.92% [4] Strategic Initiatives - The company emphasizes innovation and has established a three-tier R&D organizational structure to enhance technological advancement and product development [5] - Focus on strategic mineral deep processing and new material R&D, particularly in tungsten, molybdenum, and rare earths, to improve industry chain value [6] Market Outlook - The domestic cutting tool market is expected to grow, with a projected market size of CNY 63.1 billion by 2030, reflecting a compound annual growth rate of 4.14% [8] - The company is enhancing its market presence and product offerings in response to increasing demand for high-end cutting tools [10] Shareholder Information - As of September 30, 2024, the total number of shareholders was 89,966 [7] Risk Management - The company is actively managing risks associated with industry predictions, investment projects, and strategic planning, urging investors to be cautious [18]