Qinghai Jinrui Mining Development (600714.SH) has forecasted an increase in net profit for 2024, with an estimated amount of 34.95 million yuan, representing a year-on-year increase of 355.67%.

Qinghai Jinrui Mining Development (600714.SH) announced that the company expects to achieve a net profit attributable to shareholders of the listed company of 34.95 million yuan in the fiscal year 2024, an increase of 27.28 million yuan compared to the same period last year (based on statutory disclosure data), representing a growth of approximately 355.67%. During the reporting period, the company focused on the characteristics of the industry, closely monitored changes in market demand, and utilized flexible market mechanisms to adjust the sales structure of upstream and downstream products dynamically, effectively resisting the adverse impacts of industry cycles and declining product prices. The order volume of strontium metal and aluminum strontium alloy products increased year-on-year, and exports of high value-added products saw a significant increase, leading to year-on-year improvements in production and sales volume and gross profit margin of main products throughout the year. At the same time, the company strengthened internal management with multiple measures, enhanced quality and efficiency comprehensively, further improved overall operational capability, and effectively drove the growth of performance.