On October 12th, the All-China Federation of Industry and Commerce (ACFIC) announced the 2024 China Top 500 Private Enterprises list in Lanzhou, Gansu. With revenues amounting to 63.004 billion yuan, Huayou Cobalt ranked 170th among the 2024 China Top 500 Private Enterprises and 118th among the Top 500 Private Enterprises in China's Manufacturing Sector. This marks the third consecutive year that Huayou Cobalt has appeared on the list of China's Top 500 Private Enterprises, highlighting the promising potential and broad prospects of the new energy lithium battery industry.

At the end of September, ACFIC also published the "2024 Top 500 Private Enterprises by R&D Investment" and the "2024 Top 500 Private Enterprises by Number of Invention Patents," where Huayou Cobalt ranked 144th and 383rd, respectively.

This year, ACFIC conducted its 26th large-scale private enterprise survey, involving 9,642 enterprises with annual revenues exceeding 500 million yuan in 2023. Among them, the top 500 enterprises by revenue made up the 2024 China Top 500 Private Enterprises list. The total revenue of the 2024 China Top 500 Private Enterprises amounted to 41.91 trillion yuan, averaging 838.22 billion yuan per enterprise, representing a 5.22% increase from the previous year. Total assets reached 49.85 trillion yuan, averaging 996.94 billion yuan per enterprise, showing a 7.64% increase from the previous year.

For over two decades, Huayou Cobalt has steadfastly upheld the belief of "Rooted in China, Befriends Worldwide," dedicating itself to the new energy lithium battery materials industry. It has built an operational framework encompassing overseas resources, international manufacturing, and global markets, creating a comprehensive industrial chain covering nickel-cobalt-lithium resource development, green metallurgy of non-ferrous metals, R&D and manufacturing of lithium battery materials, and recycling and utilization of resources.

In the future, the company will continue to adhere to the overall development strategy of "Controlling the Resources Upstream, Developing the Markets Downstream, Enhancing the Capability from Within", persistently deepening the global layout of industrial integration, comprehensively building a competitive advantage in integrated industrial chains, and striving to establish a new paradigm of productive forces in industrial integration. At the same time, the company will continue to increase investment in research and development and technological innovation in the field of new energy lithium battery materials, driving product upgrades and industrial advancements. It will also strengthen cooperation and exchanges with well-known international enterprises, jointly promoting the prosperity and development of the global lithium battery industry.