Jintian Stock recently released its semi-annual earnings forecast, indicating that based on preliminary calculations by the finance department, the company expects to achieve a net profit attributable to owners of the parent company ranging from 340 million yuan to 400 million yuan for the first half of 2025. This represents an increase of 217.1055 million yuan to 277.1055 million yuan compared to the same period last year (legally disclosed data), with a YoY increase of 176.66% to 225.48%. The company also expects to achieve a net profit attributable to owners of the parent company, excluding non-recurring gains and losses, ranging from 245 million yuan to 285 million yuan for the first half of 2025. This represents an increase of 123.6349 million yuan to 163.6349 million yuan compared to the same period last year (legally disclosed data), with a YoY increase of 101.87% to 134.83%.
Regarding the main reasons for the anticipated increase in performance, Jintian Stock explained: In the first half of 2025, the company implemented the strategy of "upgrading both products and customers," continuously deepening the application of its products in high-end fields. It strengthened overseas customer expansion, maintaining growth in overseas market sales. Meanwhile, through digital construction, the company improved its operational and management efficiency, resulting in a YoY increase in the gross profit margin and profitability of its products.
An investor asked on the investor interaction platform: The company mentioned last year that it had supplied electromagnetic flat wires to Xiaomi. Are Xiaomi's popular car model, the SU7, and the newly launched Xiaomi Yu7 currently using the company's products? Jintian Stock responded on the investor interaction platform on June 27th,that the company continues to focus on the new energy electromagnetic flat wire motor sector, actively seizing the rapidly growing demand for flat wires in both domestic and overseas markets. The number of designated projects for the company's new energy electromagnetic flat wires and high-voltage platform projects continues to increase, with 800V high-voltage platform electromagnetic flat wires already achieving mass production in multiple projects. Currently, the company has passed downstream motor customer certification and has realized mass supply of high-voltage flat wires to Xiaomi's automobiles. The impact of the above cooperation on the company's current operating performance is relatively small. Investors are advised to invest rationally.
When previously introducing the company's industry position and competitive advantages during institutional surveys, Jintian Stock stated: The company has been dedicated to the copper processing industry for 39 years and is one of the largest and most complete copper and copper alloy material manufacturing enterprises in China in terms of industry chain. From 2021 to 2024, the company's copper and copper product production had a compound annual growth rate of 8%. By 2024, the company achieved a total production of 1.9162 million mt of copper and copper alloy materials, accounting for 9% of China's comprehensive copper processing material production, maintaining its leading position in the industry and becoming a major product standard setter in the sector. The company is one of the few domestic enterprises capable of meeting customers' one-stop procurement needs for various types of copper products, including bars, tubes, plates, strips, and wires. Its products are mainly applied in fields such as NEVs, clean energy, communication electronics, power and electrical, chip semiconductors, and AI heat dissipation. The company holds competitive advantages in multiple aspects, including strategy and culture, customer resources, technological R&D, intelligent manufacturing, lean management, and low-carbon environmental protection.
When asked about the capacity and business situation of the company's rare earth permanent magnet products, Jintian Stock responded during a previous survey: The company has been engaged in the magnetic material business since 2001. After over 20 years of in-depth development, it has now become one of the enterprises with higher technology and a more complete product system in the domestic peer industry. Currently, the company has two magnetic material production sites in Ningbo and Baotou. The first phase of the Baotou site has been put into operation, increasing the company's annual capacity of rare earth permanent magnet materials by 4,000 mt on the original basis. The company's rare earth permanent magnet products are widely used in multiple high-end fields, including NEVs, wind power generation, high-efficiency energy-saving motors, robots, consumer electronics, and medical devices.
Jintian Stock's 2024 annual report, previously released, shows that in 2024, the company achieved a total operating revenue of 124.161 billion yuan, up 12.36% YoY; net profit attributable to shareholders was 462 million yuan, down 12.29% YoY; and net profit excluding non-recurring items was 339 million yuan, down 10.14% YoY.
In its 2024 annual report, Jintian Stock introduced that in 2024, the company maintained strategic focus, fully promoted the construction of new capacity projects, actively explored domestic and overseas markets, continuously deepened customer cooperation and product applications in high-end industries and emerging fields, and solidly and effectively advanced various operational management tasks. During the reporting period, the company achieved a main business income of 112.990 billion yuan, up 11.75% YoY. The total production of copper and copper alloy materials for the whole year was 1.9162 million mt, and the total sales volume was 1.8144 million mt, with the leading scale advantage continuing to be consolidated.
Jintian Stock also announced its 2025 business plan in its 2024 annual report: In 2025, the company will focus on high-quality development requirements, guided by the strategic goal of becoming a "world-class copper product and advanced material base," and formulate targeted segmented strategic goals based on market demand changes and the company's actual situation. With an international perspective and concept, the company will introduce advanced technologies, enhance organizational capabilities, comprehensively improve management levels in procurement, production, sales, etc., strive to build a modern industrial system, and firmly advance towards the company's strategic goals. Meanwhile, the company has long adhered to an international strategic layout, serving global customers, utilizing high-quality global resources, promoting product leadership, talent leadership, management leadership, and service leadership, and providing customers with professional solutions and services. The company will continue to adhere to technological innovation leadership, accelerate the realization of high-level technological self-reliance and self-improvement, accelerate the development of new quality productive forces, open up new areas and tracks for development, cultivate new growth drivers, enhance new competitive advantages, continuously deepen its presence in the NEV industry and the chip semiconductor industry, and consolidate its industry influence; rapidly expand the AI heat dissipation industry, achieve large-scale mass production, and create growth engines; focus on the layout of robot product R&D to form future competitiveness; and continuously promote the innovation of the company's low-carbon recycled products to build a low-carbon core competitiveness.
In a research report titled "Quarterly Improvement in Performance, Release of Profits from Magnetic Wire Business" previously released by Guosen Securities on Jintian Stock, it was pointed out that the unit gross profit of copper products increased. The profitability of magnetic wire products grew rapidly. The company has rapidly expanded in the past few years, establishing a scale advantage. In the future, it will further improve its product and customer structures, and further deploy its capacity in Southeast Asia, fully benefiting from the incremental demand for copper semis and rare earth permanent magnets in the new energy market.
