ST Shengtun (600711.SH) released its 2024 half-year report, with revenue of 11.414 billion. Shareholders' net income attributable to the listed company reached 1.118 billion yuan, a year-on-year increase of 524.14%, while the net profit after deducting non-recurring gains and losses attributable to the shareholders of the listed company reached 1.243 billion yuan, a year-on-year increase of 544.35%. The basic earnings per share are 0.357 yuan/share.
According to the financial news app, ST Shengtun (600711.SH) released its 2024 half-year report, with revenue of 11.414 billion yuan, a year-on-year decrease of 14.28%; net income attributable to the shareholders of the listed company reached 1.118 billion yuan, a year-on-year increase of 524.14%, and the net profit after deducting non-recurring gains and losses attributable to the shareholders of the listed company reached 1.243 billion yuan, a year-on-year increase of 544.35%. The basic earnings per share are 0.357 yuan/share.
In the first half of 2024, the company actively responded to the complex and ever-changing external environment, improved its production and operation quality, adhered to controlling resources as the main line, continued to focus on improving resource exploration, construction and operation capabilities, strengthened the extension of smelting and processing, and materials manufacturing, implemented measures such as "cost control, attention to detail, and quality and efficiency improvement". The operational quality has been further improved, and the industrial development has been further improved. In the first half of 2024, the company focused on and completed the ramp-up production of 0.05 million tons of copper for the Kalongwe project in the Congo (Kinshasa), trial production of the first-phase high-nickel ice production line for the Guizhou new materials project, and comprehensively promoted the construction of the Dali Sanxin copper mine. During the reporting period, the company realized stable growth in the Congo (Kinshasa) copper-cobalt smelting, stable operation of production projects such as Indonesia's red clay nickel smelting, Shengtun zinc and germanium, Kolitxin (Zhuhai), Zhonghe Nickel Industry, as well as progress in domestic mining works. During the reporting period, the energy metal business achieved revenues of 6.88 billion yuan, with a gross profit margin of 31.32%. In the first half of 2024, copper production reached 0.0807 million tons of metal, cobalt production reached 0.008 million tons of metal, and nickel production reached 0.0223 million tons of metal.