On the evening of January 13, Tengyuan Cobalt released its performance forecast for the 2025 fiscal year, projecting a net profit attributable to shareholders of the listed company in the range of Yuan 1.028 billion to 1.164 billion, representing a year-on-year increase of 50.02% to 69.87%.
During the reporting period, the company achieved significant growth in performance, primarily due to the following factors. Firstly, the gradual ramp-up of production capacity from the fund-raising projects drove a year-on-year increase in the total output of cobalt, copper, nickel, lithium, and manganese products, resulting in economies of scale. Secondly, the company implemented lean management, achieving notable results in cost reduction and efficiency improvement. Thirdly, the proportion of recycled raw materials increased, effectively enhancing supply chain resilience and self-sufficiency in raw material supply. Last, benefiting from the year-on-year rise in market prices of metals such as cobalt and copper, the profitability of the company's products improved substantially.
Edited by Cassie Li, lixiangying@mysteel.com
