YOUNGY (002192) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was ¥561.40 million, down 53.64% year-over-year; net profit attributable to shareholders was ¥215.23 million, down 43.41%.

• Gross margin for the year was 47.53%, with a net margin of 35.83%.

• Cash flow from operating activities increased 86.5% to ¥450.72 million, mainly due to reduced tax payments and improved receivables collection.

• The board proposed a cash dividend of ¥1.66 per 10 shares, totaling ¥43.10 million, representing 20.03% of annual net profit.

Financial highlights

• Revenue fell sharply due to a 65% drop in lithium product prices and lower sales in lithium salt and equipment segments.

• Operating profit was ¥234.05 million, with basic and diluted EPS at ¥0.8289, both down 43.41% year-over-year.

• Total assets at year-end were ¥4.33 billion, down 1.52% from the previous year; net assets attributable to shareholders rose 4.27% to ¥3.36 billion.

• Cash dividend payout ratio for 2024 was 20.03%.

Outlook and guidance

• 2025 strategy focuses on capacity expansion, cost control, and vertical integration across the lithium battery materials chain.

• Plans to complete and commission a 35,000-ton/year ore processing expansion and advance a 250,000-ton/year project.

• Aims to bring a 50,000-ton/year cathode material plant online by end-2025.

• Will continue to use commodity futures for hedging lithium price risk.