Xiamen Tungsten Co (600549) Q4 2024 earnings summary

Executive summary

• 2024 revenue reached 35.27 billion RMB, down 10.48% year-over-year; net profit attributable to shareholders rose 8.60% to 1.74 billion RMB.

• Operating profit increased 10.34% year-over-year to 3.24 billion RMB, with EPS up 7.27% to 1.2176 RMB.

• Company maintained stable growth in core businesses, with notable profit increases in tungsten-molybdenum and rare earth segments.

Financial highlights

• Total assets at year-end rose 15.58% to 45.39 billion RMB; shareholders' equity up 41.97% to 15.92 billion RMB.

• Net assets per share increased 26.83% to 10.03 RMB.

• Weighted average ROE decreased by 0.74 percentage points to 14.45%.

Outlook and guidance

• Company continues to focus on its three main businesses, aiming for steady operations and improved profitability.