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601958

601958
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JDCMOLY released its 2024 annual performance, with a net profit attributable to the parent company of 2.983 billion yuan, a year-on-year decrease of 3.76%

Zhitong
Apr 2, 2025 at 09:34 AM
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JDCMOLY released its 2024 annual report, with operating revenue of 13.571 billion yuan, a year-on-year increase of 17.68%; net profit attributable to shareholders was 2.983 billion yuan, a year-on-year decrease of 3.76%. The company plans to distribute a cash dividend of 4 yuan for every 10 shares. Despite the decline in molybdenum prices, the company has enhanced its market competitiveness and ensured capital safety through measures such as developing new customers and marketing new products

According to the Zhitong Finance APP, JDCMOLY (601958.SH) released its 2024 annual report, stating that the company's annual operating income for 2024 was 13.571 billion yuan, a year-on-year increase of 17.68%; the net profit attributable to shareholders of the listed company was 2.983 billion yuan, a year-on-year decrease of 3.76%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 2.947 billion yuan, a year-on-year decrease of 0.38%; basic earnings per share were 0.92 yuan/share. It is proposed to distribute a cash dividend of 4 yuan (including tax) for every 10 shares.

In 2024, domestic and international molybdenum prices saw a year-on-year decline, but overall remained at a high level with narrow fluctuations. The company strengthened market analysis, deeply explored the capacity potential of the industrial chain, and built a diversified product matrix to maximize overall profits. First, it accelerated the development of new customers and actively expanded the market for strategic emerging industries, developing 164 new customers throughout the year, with core products such as special specifications of high-purity molybdenum powder and high-end molybdenum alloys successfully achieving domestic substitution, enhancing the company's market competitiveness. Second, it increased marketing efforts for new products, with self-developed new products such as large-sized molybdenum heads and molybdenum alloys achieving sales of over 300 tons, providing new momentum for the company's sales growth. Third, it strengthened trade risk prevention and control to enhance profitability. Customer credit limits were regularly reviewed, and the collection assessment targets for accounts receivable were fully completed to ensure the safety of the company's funds

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JDCMOLY

JDCMOLY

601958.SH

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