紫金矿业(02899) - 2024 Q3 - 季度业绩

Financial Performance - Total revenue for the third quarter reached RMB 79,979,965,562, representing a year-on-year increase of 7.11%[7] - Net profit for the third quarter was RMB 11,202,575,598, reflecting a significant growth of 54.75% compared to the same period last year[7] - The total profit for the third quarter amounted to RMB 13,737,481,764, which is an increase of 63.64% year-on-year[7] - The basic earnings per share for the third quarter were RMB 0.349, up by 56.50% from the previous year[7] - The net profit attributable to shareholders of the listed company for the third quarter was RMB 9,273,073,263, marking a 58.17% increase year-on-year[7] - The net profit excluding non-recurring gains and losses for the third quarter was RMB 8,314,444,862, up by 49.75% compared to the same period last year[7] - The net profit attributable to shareholders for the same period was 24.357 billion RMB, showing a significant year-on-year increase of 50.68%[17] - Net profit for the first three quarters of 2024 was CNY 29.68 billion, compared to CNY 20.07 billion in 2023, indicating a significant increase of approximately 47.5%[30] - The net profit attributable to the parent company for Q3 2024 reached CNY 24.36 billion, a 50.6% increase from CNY 16.16 billion in Q3 2023[32] - The total comprehensive income for Q3 2024 was CNY 34.48 billion, up 47.2% from CNY 23.43 billion in Q3 2023[32] Asset and Equity Growth - Total assets as of the end of the reporting period were RMB 378,055,900,562, a 10.22% increase from the previous year[8] - The company's total assets increased to CNY 378.06 billion in Q3 2024, up from CNY 343.01 billion in Q3 2023, marking a growth of about 10.2%[27] - The total equity attributable to shareholders of the listed company reached RMB 134,162,586,550, which is a 24.80% increase from the previous year[8] - The company's equity attributable to shareholders reached CNY 134.16 billion in Q3 2024, up from CNY 107.51 billion in Q3 2023, indicating a significant increase of approximately 24.8%[27] Cash Flow and Operating Activities - The net cash flow from operating activities for the third quarter was RMB 15,662,207,432, showing a growth of 61.54%[7] - Cash flow from operating activities for the first nine months of 2024 was CNY 36.11 billion, significantly higher than CNY 25.72 billion in the same period of 2023, marking a 40.3% increase[34] - Net cash flow from operating activities for the first three quarters of 2024 was CNY 2,855,760,309, compared to CNY 1,228,036,347 in 2023, marking a significant increase[44] Production and Sales Performance - The company achieved a gold production increase of 8% year-on-year for the first nine months of 2024, with copper production up by 5% and silver production up by 7%[17] - The company’s gold production in Q3 2024 was 18,859 kg, up from 18,601 kg in Q2 2024, indicating a 1% increase[18] - The copper production in Q3 2024 reached 270,889 tons, which is a 6% increase compared to Q2 2024[18] - The company’s zinc production in Q3 2024 was 109,652 tons, reflecting an 8% increase from the previous quarter[18] - In Q3 2024, gold ingot sales reached 9,699 kg with an average price of 553.41 CNY/g, resulting in a gross margin of 47.64%[22] Cost Management and Expenses - Total operating costs decreased to CNY 198.67 billion in 2024 from CNY 203.71 billion in 2023, reflecting a reduction of about 2.0%[30] - The company's financial expenses for the first three quarters of 2024 were CNY 830,587,976, down from CNY 1,219,934,456 in the same period of 2023, indicating a reduction of 31.9%[40] - The company's research and development expenses for the first three quarters were CNY 298,562,356, a decrease from CNY 310,281,877 in the same period of 2023[40] Future Plans and Projects - The company plans to delay the production start of the Argentina 3Q project and the Tibet Lagocuo project to 2025 due to regulatory delays and low lithium prices[19] - The company aims to optimize processes and reduce costs before the new projects commence to enhance resilience against price fluctuations[19]