On the evening of April 11, CNGR New Material Co., Ltd. disclosed its 2024 annual report, showing that the company achieved a revenue of Yuan 40.223 billion, a year-on-year increase of 17.36%; The net profit attributable to shareholders of the listed company is approximately Yuan 1.467 billion yuan and the basic earnings per share reaches Yuan 1.58.
In terms of the composition of main business revenue, nickel based materials account for a relatively large proportion, with ternary precursors accounting for 40.18%, new energy metals accounting for 33.52%, and others accounting for 19.00%; Co3O4 accounts for 5.58% in cobalt based materials; Iron phosphate accounts for 1.69% of phosphorus based materials, while others account for 0.02%. The revenue of the main product nickel based ternary precursor exceeded Yuan 16.1 billion, accounting for 40% of the total revenue, with a gross profit margin of 19.97%, an increase of 2.01% from the previous year.
From a quarterly perspective, the total operating revenue in Q4 reached Yuan 10.06 billion, a year-on-year increase of 24.46% and a month-on-month decrease of 0.17%; The net profit attributable to the parent company was Yuan 143 million, a YoY decrease of 74.41% and a MoM decrease of 68.82%; Deducting non recurring net profit of Yuan 140 million, a year-on-year decrease of 69.32% and a month-on-month decrease of 62.67%.
Q4 2024 Performance
| Metric | Amount (RMB) | YoY Change | QoQ Change |
|---|---|---|---|
| Revenue | 10.06 billion | +24.46% | -0.17% |
| Net Profit | 143 million | -74.41% | -68.82% |
| Adjusted Net Profit | 140 million | -69.32% | -62.67% |
