In 2024, XTC New Energy reported revenues of 13.297 billion yuan, representing a year-on-year decrease of 23.19%. The net profit attributable to the parent company stood at 497 million yuan, a year-on-year decline of 5.70%. After deducting non-recurring net profit of 450 million yuan, there was a year-on-year decrease of 3.36%. The basic earnings per share was 1.18 yuan, showing a year-on-year decrease of 5.60%. At the end of the reporting period, total assets reached 14.695 billion yuan, registering a year-on-year increase of 9.01%, and the equity attributable to the parent company was 8.741 billion yuan, with a year-on-year growth of 1.85%.
During the reporting period, the sales volume of XTC New Energy's new energy materials products was approximately 102,400 tons. The 3C consumer market witnessed a significant recovery. With the gradual popularization of AI intelligence and the innovation of 3C products, the demand for lithium cobalt oxide was further spurred. The company sold about 46,200 tons of lithium cobalt oxide, a year-on-year increase of 33.52%, and its leading position in the industry remained stable. In terms of ternary materials, by leveraging its technological advantages in high-voltage and high-power applications, the company continuously expanded its application scope in pure-electric, hybrid extended-range, and low-altitude economy sectors. The company sold approximately 51,400 tons of ternary materials, recording a year-on-year growth of 37.32%. Regarding hydrogen-energy materials, the company sold around 3,900 tons of hydrogen storage alloys, a year-on-year increase of 3.73%.
Major events of XTC New Energy in 2024:
In December 2024, XTC New Energy and Xinwangda signed a "Solid-State Battery Strategic Cooperation Framework Agreement". Under this agreement, both parties will promote the industrialization of a series of new-energy battery materials for solid-state batteries.
In August 2024, XTC New Energy planned to establish a partnership with ORANO Mining through its wholly-owned subsidiary XTC New Energy Materials Europe GmbH. Orano CAM, a wholly-owned subsidiary of Société par actions simplifiée, and XTC New Energy Materials Europe GmbH jointly established XTC France New Energy Materials in France, Société par actions simplifiée. XTC New Energy's European subsidiary contributed €10,200,000.
In April 2024, XTC New Energy planned to invest 277.9154 million yuan in constructing a new XTC New Energy High-end Energy Materials Engineering Innovation Center project. Once the project is completed, it will add a pilot production capacity of 1,500 tons per year.
