Eastern Tantalum: Continuous Optimization of Product Structure and Capacity Release from Fundraising Projects, 2024 Net Profit up 13.94% YoY

The 2024 performance express report released by Orient Tantalum on the evening of March 21 showed: In 2024, the company is expected to achieve operating revenue of 1.28061 billion yuan, an increase of 172.55 million yuan from the previous year, with a growth rate of 15.57%; it is expected to achieve operating costs of 1.04055 billion yuan, an increase of 130.15 million yuan from the previous year, with a growth rate of 14.30%. The company is expected to achieve a net profit attributable to the parent company's owners of 213.22 million yuan, an increase of 26.09 million yuan from the previous year, with a growth rate of 13.94%; it is expected to achieve a net profit attributable to the parent company's owners after deducting non-recurring gains and losses of 192.79 million yuan, an increase of 34.67 million yuan from the previous year, with a growth rate of 21.92%.

Regarding the main factors affecting performance, Orient Tantalum stated: In 2024, in the face of a complex and ever-changing external environment and arduous development tasks, the company actively expanded market space, continuously consolidated the "dual circulation" market pattern; actively adjusted its product structure, increased the sales share of high value-added products, continuously optimized the product structure, released capacity from fundraising projects, saw YoY growth in operating revenue, achieved steady growth in operating profits, and continuously improved the quality of business operations.