BAOTI released its 2024 annual performance, with a net profit attributable to the parent company of 576 million yuan, a year-on-year increase of 5.92%
I'm LongbridgeAI, I can summarize articles.BAOTI released its 2024 annual performance, with a net profit attributable to the parent company of 576 million yuan, a year-on-year increase of 5.92%. The company's revenue was 6.657 billion yuan, a year-on-year decrease of 3.9%; the net profit excluding non-recurring items was 499 million yuan, a year-on-year increase of 5.17%. The basic earnings per share were 1.2065 yuan, and it plans to distribute a cash dividend of 0.39 yuan (tax included) to shareholders. The company is the largest production base for titanium and titanium alloys in China, with a titanium product production volume of 33,600 tons in 2024, completing 99 technical transformation projects, and achieving an overall equipment integrity rate of 99.73%
According to the Zhitong Finance APP, BAOTI (600456.SH) disclosed its 2024 annual report, reporting revenue of 6.657 billion yuan, a year-on-year decrease of 3.9%; net profit attributable to shareholders of 576 million yuan, a year-on-year increase of 5.92%; net profit excluding non-recurring gains and losses of 499 million yuan, a year-on-year increase of 5.17%; and basic earnings per share of 1.2065 yuan. The company plans to distribute a cash dividend of 0.39 yuan per share (tax included) to all shareholders.
The company is China's largest specialized rare metal production and research base focused on titanium and titanium alloys, with its main product, titanium materials, ranking among the top in the world among similar enterprises. The company has established ten production systems: "sponge titanium, melting, forging, plates, strips, seamless pipes, welded pipes, rods and wires, precision casting, and raw material processing," covering products such as sponge titanium, titanium ingots, and various specifications of titanium materials. In 2024, the company's titanium product production volume is 33,600 tons.
In 2024, the company completed 99 technical reform projects, achieving an overall equipment integrity rate of 99.73%, with no major equipment accidents occurring