NONFEMET(SZ:000060)2025-04-25 09:56Financial Performance - The company achieved an operating revenue of 59.812 billion yuan in 2024, with a net profit attributable to shareholders of 1.082 billion yuan, representing a year-on-year growth of 57.30% [1][11] - The cash dividend for 2024 was 0.87 yuan per 10 shares, totaling 325 million yuan, which accounts for 30.06% of the net profit attributable to shareholders [11] Resource Expansion - The company completed 340 drilling holes with a total drilling length of 51,264.14 meters, resulting in an increase of 1.5145 million tons of metal resources (including 1.0129 million tons of lead, zinc, and copper) [2] - The company has successfully acquired high-quality exploration rights for the Yunfu Xinxing Paradise copper-lead-zinc mine [2] Industry Outlook - The overall performance of the non-ferrous metal industry in 2024 showed record production levels for ten types of non-ferrous metal products, with fixed asset investment maintaining a high growth rate [3] - Domestic market prices for major non-ferrous metals increased year-on-year, with copper and lead prices reaching five-year highs [3] Business Segment Performance - The revenue from the mining, smelting, and sales of lead, zinc, and copper reached approximately 45.36 billion yuan, while aluminum, nickel, and zinc processing and sales generated about 2.60 billion yuan [3][6] - The trading business of non-ferrous metals achieved a revenue of approximately 12.44 billion yuan [3] Strategic Initiatives - The company launched a cost reduction and efficiency enhancement initiative with 26 key measures across five dimensions: increasing volume and efficiency, improving quality and efficiency, reducing costs and enhancing efficiency, innovating for efficiency, and enhancing collaboration [10][11] - The company is focusing on the transformation and upgrading of traditional industries towards high-end, intelligent, and green practices [5][8] Financial Health - The asset-liability ratio at the end of 2024 was 61.63%, an increase of 1.41 percentage points from the beginning of the year, attributed to business expansion [6] - The company’s return on equity showed an upward trend, indicating improved profitability [6] New Materials Development - The company has entered the high-end new materials sector through internal innovation and external acquisitions, focusing on high-performance powder materials and energy storage materials [8] - The subsidiary, Zhongjin Technology, has been recognized as a national-level "little giant" enterprise and has received multiple awards for technological advancements [8]