Tengyuan Cobalt Industry: It is expected that the net profit will increase by 50.02%-69.87% in 2025 compared to the previous year.

Tengyuan Cobalt announced that it is expected to achieve a net profit of 10.28 billion to 11.64 billion yuan in 2025, a year-on-year growth of 50.02% to 69.87%. During the reporting period, the company's performance achieved significant growth, mainly due to: firstly, the gradual release of production capacity of investment projects, driving the company's total metal production of cobalt, copper, nickel, lithium, and manganese products to achieve a year-on-year growth, further demonstrating economies of scale; secondly, the company continues to promote lean management reforms, fully implementing cost reduction and efficiency improvement measures, enhancing overall profitability; thirdly, the continuous improvement of the secondary resource recycling system, the proportion of recycled raw materials in the raw material structure continues to increase, and the resilience of the supply chain and the self-sufficiency of raw materials have been effectively strengthened; fourthly, benefiting from the year-on-year increase in prices of metals such as cobalt and copper, the company's product profitability has greatly improved.