Yunnan Tin Co., Ltd. achieved a net profit attributable to the parent company of 1.943 billion yuan in 2024.

Recently, Yunnan Tin Co., Ltd. (hereinafter referred to as "Yunnan Tin") released its 2024 annual report. In 2024, the company achieved operating revenue of 41.973 billion yuan, net profit attributable to the parent company of 1.943 billion yuan, up 40.48% YoY, and net cash flow from operating activities of 3.405 billion yuan, up 55.25% YoY. The asset-liability ratio decreased from 49.24% at the end of 2023 to 40.19% at the end of 2024, with cumulative cash dividends of 477 million yuan. The report shows that Yunnan Tin closely focused on the overall tasks of "strengthening research, deepening reforms, expanding markets, and stabilizing operations," actively overcame challenges such as a complex and volatile operating environment, sharp fluctuations in non-ferrous metal prices, tight raw material supply, and continuously low processing fees, proactively controlled the operating pace, seized market opportunities, and steadily improved operational quality and efficiency. The value creation capability was comprehensively enhanced. In 2024, Yunnan Tin focused on value creation, further improved the collaborative linkage capability of mining, beneficiation, and smelting, optimized resource allocation, continuously enhanced economic operation quality and efficiency, and successfully completed the annual production and operation goals. The company consolidated the foundation of mine security, fully released regional capacity, promoted resource encryption upgrades and replacement mining site construction, and continuously improved the balance quality of three-level ore reserves. It carried out technological transformations for comprehensive metal recovery, process optimization, and beneficiation quality and efficiency improvement, enhancing the value creation capability of mines. Smelting production achieved "safety, longevity, full capacity, and excellence," strengthened production organization management, enhanced equipment system operation and maintenance, improved equipment operation efficiency, set a new record in zinc smelting production, achieved a new high in gold production from the copper smelting precious metal system, and significantly improved the comprehensive recovery of valuable metals. Yunnan Tin achieved a total non-ferrous metal production of 361,000 mt, including 84,800 mt of tin, 130,300 mt of copper, and 144,000 mt of zinc, with the total non-ferrous metal production and tin and zinc products all reaching historical highs. Market efficiency grew with high quality. Yunnan Tin closely monitored market development changes, fully leveraged the synergy of raw material procurement, product sales, and hedging, and precisely executed the linkage of "purchase and production, purchase and sales, domestic and international, and spot and futures." It deepened the linkage between spot and futures, flexibly used futures hedging tools to guard against the risk of non-ferrous metal price fluctuations, effectively utilized the special tin and copper concentrate processing trade policy, leveraged smelting technology advantages, fully expanded ore blending space, and fully utilized the role of "two markets, two resources." Benefiting from the continuous rise in global market demand for tin and the company's continuous innovation in production technology, Yunnan Tin further consolidated its market share in 2024, with its global market share of tin metal reaching 25.03%, an increase of 2.11 percentage points from 2023, and its industry influence continued to rise. The effectiveness of innovation-driven development was evident. The company continued to tackle special actions for technological innovation, promoted the deep integration of the innovation chain and the industry chain, increased R&D investment, and achieved technological innovation benefits. Wenshan Zinc and Indium Smelting was rated as a national-level sixth batch of "Little Giant" specialized and sophisticated enterprises and a single champion enterprise in Yunnan Province's manufacturing industry. Major technological projects were transformed, and a batch of beneficiation and comprehensive utilization technology research achieved results transformation and created benefits. The digital and intelligent factory for tin smelting was selected as an excellent case at the "Digital China" Construction Summit and became a key support project for Yunnan Province's "Lighthouse Factory," continuously consolidating the company's key technological advantages. Yunnan Tin's capital market image continued to improve. The company implemented an interim dividend for the first time, fully demonstrating its responsible attitude towards returning to the market and shareholders. Yunnan Tin plans to distribute a cash dividend of 1.9 yuan per 10 shares in 2024, totaling 313 million yuan, plus an interim cash dividend of 164 million yuan, with cumulative cash dividends of 477 million yuan in 2024, accounting for 33.05% of the net profit attributable to the parent company in 2024, and the cash dividend ratio continued to rise. Yunnan Tin's governance and standardized operation level continued to improve, and it was rated as a "Yunnan Province Corporate Governance Demonstration Enterprise." The quality of information disclosure continued to improve, and it received an A-level evaluation in the 2023-2024 information disclosure assessment by the Shenzhen Stock Exchange, and was awarded numerous honors such as "Best Practice Case for 2023 Annual Report Performance Briefing," "Excellent Practice Case for Sustainable Development of Listed Companies in 2024," "Typical Case of Digital Transformation Scenario Innovation," and "2024 China Listed Companies ESG Top 100." In 2025, Yunnan Tin will continue to consolidate the foundation of mine development, strengthen the competitive advantage of smelting, seize market opportunities, implement a stimulus policy package for technological innovation, and complete the "14th Five-Year Plan" task goals with high quality, laying a solid foundation for a good start to the "15th Five-Year Plan."

SMM

Yunnan Tin Co., Ltd. achieved a net profit attributable to the parent company of 1.943 billion yuan in 2024.

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