Nanjing Hanrui Cobalt Co., Ltd.

Nanjing Hanrui Cobalt Co., Ltd. is a manufacturing company listed on the ChiNext board of the Shenzhen Stock Exchange since 2017. Founded in 1997, the company specializes in the smelting and pressing of nonferrous metals, particularly cobalt and copper. Hanrui Cobalt has established a significant presence in the Democratic Republic of Congo, where it operates its own overseas raw material base, and is actively expanding its nickel raw material operations in Indonesia. The company's primary business lines include the extraction, smelting, and production of cobalt and copper products, such as cobalt metal powder, cobalt hydroxide, and copper cathodes. Hanrui Cobalt has developed a comprehensive industrial chain that encompasses mining, mineral processing, and chemical purification, making it one of the few companies in China with a complete cobalt production system. With a strong focus on research and development, the company aims to enhance its competitive edge and expand its market presence, achieving significant market shares both domestically and internationally in cobalt powder and copper cathode sales.

As one of the few cobalt related enterprises with complete industrial chain in China, based on its branding series cobalt and copper products, the company has integrated superior resources, improved the layout of multinational industrial chain. The core competitiveness has been strengthened and the market profitability has been significantly improved. With the continuous increase demand for cobalt in the field of clean energy power battery, the development of cobalt industry has ushered in new opportunities. The company has adjusted its domestic and overseas market expansion strategy accordingly, optimized the customer structure with its cobalt powder domestic market share above 30%, and the export market share above 50%. The company has enlarged the investment in research and development, trying to reach advanced level in this field in the world, it has already made substantial progress in many research and development projects. Hanrui Cobalt has strengthened the cooperation with local mines owner and independent mining team, stabilizing and expanding mineral sources channels which ensure healthy and sustainable development of the mineral sources in D.R.Congo.In 2024 year, the company realized its operating revenue of 5,949,911,320.05 yuan, with an increase of 24.25% year on year; net profit attributable to parent company was 201,623,397.32 yuan with a year-on-year growth of 45.85%. Compared with the same period last year, cobalt powder sales revenue increased 30.80% year-on-year, copper cathode sales rose 22.36%, which exceeded the target of the semi-annual operation of 2024 year.