Yuntianhua (600096.SH) has increased ahead of schedule, with an estimated annual net profit of about 5.3 billion yuan, an increase of 17.2% over the previous year

According to the Zhitong Finance App, Yuntianhua (600096.SH) disclosed the 2024 annual results forecast. The company expects to achieve net profit attributable to shareholders of listed companies of about 5.3 billion yuan in 2024. Compared with the same period last year, it is expected to increase by about 17.20% over the same period last year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 5.237 billion yuan, an increase of about 16.16% over the previous year.

In 2024, the company's main products such as fertilizer, polyformaldehyde, and feed calcium continued to maintain good profits. The company's main production facilities maintained a long cycle and high load operation, and the output of major products increased year on year; effectively coordinated the domestic and international markets to ensure stable supply and price of domestic fertilizer, and sales of major products increased year on year; procurement costs of major raw materials such as sulfur and coal decreased year on year; continued to strengthen controllable cost control, strengthen capital coordination and control between parent and subsidiary companies, and further reduced the size of interest-bearing liabilities and financial expenses; completed minority share repurchases of the subsidiary Phosphorochemical Group, and enjoyed a year-on-year increase in net profit to mother; the operating performance of participating companies increased year-on-year.