Yongxing Special Materials Technology (002756) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was ¥8.07 billion, down 33.76% year-over-year; net profit attributable to shareholders was ¥1.04 billion, down 69.37% year-over-year.

• Both lithium new energy and special steel materials segments faced significant market and price pressures, but maintained stable production and sales.

• The company continued to optimize its full industrial chain, reduce costs, and enhance product competitiveness.

• Major projects, including lithium mine expansion and green upgrades, progressed as planned.

Financial highlights

• Operating income: ¥8.07 billion (down 33.76% YoY); net profit: ¥1.04 billion (down 69.37% YoY).

• Net profit after non-recurring items: ¥894 million (down 72.40% YoY).

• Operating cash flow: ¥788 million (down 80.02% YoY).

• Basic and diluted EPS: ¥1.97 (down 68.88% YoY).

• Total assets at year-end: ¥13.80 billion (down 11.01% YoY); net assets: ¥12.36 billion (down 4.79% YoY).

Outlook and guidance

• 2025 focus: optimize sales models, enhance supply chain management, and increase high-value product share.

• Continued investment in digital transformation, AI integration, and green, low-carbon upgrades.

• Lithium segment to deepen integration, accelerate project construction, and pursue cost reduction through innovation.

• Special steel segment to strengthen market stability and expand into new high-end applications.