Jinchuan Group Achieves 16% YoY Growth in Operating Revenue in 2024
In 2024, Jinchuan Group achieved an operating revenue of 410 billion yuan, up 16% YoY; a total industrial output value of 302 billion yuan, up 19.3% YoY; and a total profit and tax of 19 billion yuan, with a profit of 11.8 billion yuan, up 9% YoY. The production of non-ferrous metals and deep-processed products reached 3.45 million mt, up 23% YoY, fully meeting the growth stabilization target. Mining costs decreased, and efficiency improvements generated an additional profit of 1.21 billion yuan. The group participated in the establishment of an overseas mineral resources investment fund to advance global mineral resource development. Significant breakthroughs were made in the investment and acquisition of strategic minerals, including gaining control of the Sharizhamu Nickel Mine. Comprehensive layouts were made in secondary resources and forward-looking plans in the hydrogen energy industry. Jinchuan Nickel-Cobalt completed its joint-stock reform, raising 9.7 billion yuan in strategic investment. Jinchuan Copper and Precious Metals fully standardized corporate governance, related-party transactions, and internal control systems.
