HUAYOU COBALT(603799) 新浪财经·2025-04-18 16:21Core Viewpoint - Zhejiang Huayou Cobalt Co., Ltd. has maintained strategic determination and achieved steady improvement in operational quality despite challenges in the new energy industry landscape, global supply chain restructuring, and a complex market environment [1] Financial Performance Summary - Revenue: In 2024, the company achieved operating revenue of 60.946 billion yuan, a decrease of 8.08% from 66.304 billion yuan in 2023, primarily due to a reduction in the shipment of low-profit products and optimization of product structure [2] - Net Profit: The net profit attributable to shareholders increased by 23.99% to 4.155 billion yuan from 3.351 billion yuan, indicating significant improvement in profitability despite revenue decline [2] - Deducted Non-recurring Profit: The net profit after deducting non-recurring items was 3.795 billion yuan, up 22.71% from 3.093 billion yuan, reflecting enhanced core business profitability [2] - Basic Earnings Per Share: Basic earnings per share rose to 2.50 yuan, a 21.95% increase from 2.05 yuan in 2023, demonstrating positive impacts on shareholder value [2] - Deducted Non-recurring Earnings Per Share: The deducted earnings per share increased by 20.64% to 2.28 yuan from 1.89 yuan, highlighting strong growth in core business [2] Expense Analysis - Sales Expenses: Sales expenses were 159 million yuan, a 6.26% increase from 150 million yuan in 2023, mainly due to normal fluctuations in employee compensation and travel expenses [3] - Management Expenses: Management expenses decreased by 10.49% to 1.895 billion yuan from 2.117 billion yuan, attributed to a reduction in share-based payments [3] - Financial Expenses: Financial expenses increased by 40.03% to 2.070 billion yuan from 1.478 billion yuan, primarily due to increased interest expenses [3] - R&D Expenses: R&D expenses were 1.300 billion yuan, a decrease of 9.75% from 1.441 billion yuan, although the company achieved significant results in technology innovation [3] Cash Flow Situation - Net Cash Flow from Operating Activities: This indicator was 12.431 billion yuan, a substantial increase of 256.61% from 3.486 billion yuan in 2023, indicating enhanced cash generation capability [4] - Net Cash Flow from Investment Activities: The net cash flow from investment activities was -7.668 billion yuan, a decrease of 53.67% from -16.551 billion yuan, reflecting a slowdown in investment pace [4] - Net Cash Flow from Financing Activities: The net cash flow from financing activities was 2.5 million yuan, a significant decrease of 99.83% from 15.103 billion yuan, mainly due to increased operating cash flow [4] R&D and Human Resources - R&D Investment: The total R&D investment was 1.300 billion yuan, accounting for 2.13% of operating revenue, with ongoing advancements in technology innovation [5] - R&D Personnel: The company employed 1,559 R&D personnel, representing 6.14% of total staff, with a relatively young workforce contributing to innovation [5]