Jinrui Mining’s net profit in 2025 fell by 12.7%, with a single-quarter loss of 15.11.18 million yuan in the fourth quarter.

Ask AI · How does the decline in strontium carbonate prices affect Jinnui Mining’s future strategy?

Blue Whale News, April 2nd: On April 2nd, Jinnui Mining disclosed its 2025 annual report. The report shows that the company achieved an operating revenue of 333 million yuan for the year, a decrease of 3.06% year-on-year; net profit attributable to shareholders was 30.5669 million yuan, a decrease of 12.70% year-on-year; net profit after deducting non-recurring gains and losses was 32.7375 million yuan, a decrease of 9.16% year-on-year.

Quarterly, the net profit attributable to shareholders in the fourth quarter was -15.1118 million yuan, and the net profit after deducting non-recurring gains and losses was -13.5221 million yuan, with both indicators turning negative, directly related to the significant decline in strontium carbonate prices in the second half of the year.

The net cash flow from operating activities was 23.6673 million yuan, a decrease of 48.08% year-on-year, mainly due to factors such as increased sales volume settled by bank acceptance bills, rising employee compensation expenses, and increased tax payments.

From the revenue structure perspective, strontium salt products and aluminum strontium alloys are the company’s core revenue sources, accounting for 41.73% and 24.98% of main business revenue respectively, with a combined share of 66.71%. Among them, the revenue decline of strontium salt products was greater than that of aluminum strontium alloys, leading to a slight weakening of the dominant position of strontium salt in the revenue structure, and a relative increase in the weight of aluminum strontium alloys.

In terms of regional distribution, the Chongqing branch contributed 99.99% of the main business revenue, while the Qinghai branch accounted for only 0.01%, with the market layout highly concentrated in Chongqing locally.

In 2025, R&D investment increased by 79.47% year-on-year to 2.2075 million yuan, accounting for 0.66% of operating revenue. The number of R&D personnel remained at 20, half of whom hold undergraduate degrees or higher.