Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Refractory Material	2.19B	2.51B	2.69B	2.65B	2.02B
Refractory Material Growth	-12.91%	-6.53%	1.24%	31.53%	10.89%
Total	2.19B	2.51B	2.69B	2.65B	2.02B
Total Growth	-12.91%	-6.53%	1.24%	31.53%	10.89%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
China	1.80B	-	-	-	1.72B
China Growth	-	-	-	-	20.90%
Overseas	338.62M	-	-	-	250.63M
Overseas Growth	-	-	-	-	-30.88%
Total	2.14B	-	-	-	1.97B
Total Growth	-	-	-	-	10.38%

Source: S&P Global Market Intelligence.