Nanjing Hanrui Cobalt Co., Ltd.
寒锐钴业
300618
Shenzhen Stock Exchange
Company Profile
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.
Full description
Founded in 1997, Hanrui Cobalt invested in D.R.Congo and established its own overseas raw material base in 2007. In 2024, the company accelerated the layout of nickel raw materials in Indonesia and further improves the layout and construction in the nickel resources sector. Metal Mines SARL in D.R. Congo,Hanrui metal(Congo)SARL, Anhui New Materials Co.,Ltd and Ganzhou Hanrui New Energy Technology Company Limited and Nanjing Hanrui New Materials Co., Ltd form the main bodies of production of Hanrui Group. The companies such as Hanrui Cobalt (Hong Kong) Co., Ltd.，Hanrui cobalt(Singapore)Pte.Ltd and Nanjing Qi'ao Chemical Engineering Co., Ltd. form the main bodies of comprehensive trade in Hanrui.Hanrui Cobalt takes cobalt and copper metal powder as its core product . Its business covers cobalt and copper ore extraction, smeltin g and research and development, production and sales of cobalt&copper primary products, cobalt powder and other cobalt-based powder. It owns independent research and development and innovation capacity and holds its self-owned brand and mature domestic and international marketing channels. Its independent trademarks are registered in 16 major industrial countries worldwide. It has become one of the major suppliers of cobalt powder in both China and all over the world. Hanrui Cobalt's main products are cobalt metal powder, cobalt hydroxide, cobalt salts, copper cathode, cobalt cathode,etc. Cobalt, an important material in manufacturing high-temperature alloy, cemented carbide, diamond tools, battery materials, anticorrosive materials and magnetic materials, is widely applied in aviation, aerospace, electronic appliance, machinery manufacturing, automobile, chemical industry, agriculture and pottery,etc. At present, the company's domestic capacity of cobalt products is 5,000 tons cobalt powder per year, 15,000 tons cobalt cathode powder per year and 10,000 tons cobalt new material powder per year. The overseas production capacity is 10,000 tons of cobalt hydroxide/y. In order to take full advantage of D.R.Congo's rich resources in cobalt and copper, the company has also established 70,000 tons/y copper cathode production line. Copper cathode is one of the company's main products which is the raw material for the production of copper pipe, copper wire, copper pieces and other kinds of electronic and electrical products. In addition, the company has a production capacity of 75,000 tons of sulfuric acid in D.R. C to ensure the smooth operation of the production line of cobalt and copper products. After 20 years of rapid development, Hanrui Cobalt has completed a set of independent cobalt products development and production system starting from mining, mineral processing, crude refining, chemical purification to extrafine cobalt powder through comprehensive integration. At the same time, Hanrui has made great progress on the development of new products of copper, nickel and other non-ferrous metal materials. It has transformed from a single product production enterprise into a group with complete industrial chain from resources development to production of a variety of products ensured by ability in domestic and foreign trade and capital operation.