Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 82,517.99 million, an increase of about 39.21% compared to the previous year[2]. - The net profit for the year ended December 31, 2024, was approximately RMB 4,387.60 million, representing an increase of about 55.41% year-on-year[2]. - The profit attributable to equity holders for the year was approximately RMB 2,898.68 million, up approximately 27.84% from the previous year[2]. - Basic earnings per share for the year were RMB 0.56, an increase of approximately 40.00% compared to RMB 0.40 in the previous year[2]. - The board proposed a final dividend of RMB 1.48 per 10 shares (before tax) for the year ended December 31, 2024[2]. - The group's gross profit for the year was approximately RMB 12,213.36 million, with a gross margin improvement from 14.55% to 14.80%[4]. - Total revenue for the year ended December 31, 2024, reached RMB 82,517,994 thousand, an increase from RMB 59,275,275 thousand in 2023, representing a growth of approximately 39.2%[28]. - The company reported a net profit of RMB 4,387,599 thousand for the year ended December 31, 2024, compared to RMB 2,823,243 thousand in 2023, indicating a year-over-year increase of approximately 55.5%[28]. - The company's basic earnings per share for 2024 was RMB 0.56, compared to RMB 0.40 in 2023, marking a growth of 40%[33]. Assets and Liabilities - Total assets as of December 31, 2024, were approximately RMB 132,309.23 million, compared to RMB 106,386.66 million in the previous year[6]. - The group's cash and cash equivalents increased to RMB 9,931.63 million, up from RMB 8,352.90 million in the previous year[6]. - Trade and other payables rose to RMB 27,649.84 million, compared to RMB 19,976.44 million in the previous year, indicating increased operational activity[6]. - Non-current liabilities increased to RMB 40,030,311 thousand in 2024 from RMB 32,228,251 thousand in 2023, representing a growth of 24.1%[7]. - Total net assets rose to RMB 58,556,797 thousand in 2024, up from RMB 53,297,714 thousand in 2023, indicating an increase of 9.5%[7]. - The total liabilities as of December 31, 2024, were RMB 102,453,678 thousand, an increase from RMB 81,721,127 thousand in 2023, representing a rise of approximately 25.3%[31]. - The group's total liabilities increased by approximately 16.09% from RMB 51,143.97 million as of December 31, 2023, to RMB 59,375.85 million as of December 31, 2024[80]. Research and Development - Research and development expenses increased to RMB 770.41 million, reflecting a commitment to innovation and technology[4]. - The company invested RMB 863 million in technology research and development, an increase of 8.42% year-on-year, and applied for 76 invention patents[44]. - Research and development expenses increased by 58.13% to RMB 770.41 million, compared to RMB 487.20 million in the previous year, indicating a focus on innovation[71]. Production and Operations - In 2024, the company achieved a gold production of 46.17 tons, an increase of 4.39 tons or 10.51% year-on-year[40]. - The company completed exploration investments totaling RMB 590 million, achieving a new gold resource increase of 58.8 tons[41]. - The company has a total gold resource reserve of 2,058.46 tons as of the end of 2024[42]. - The company achieved a significant breakthrough in technology innovation, receiving 41 provincial and ministerial-level awards in 2024, including the National Science and Technology Progress Second Prize for "Key Technologies and Equipment for Intelligent Mining of Underground Metal Mines"[59]. - The average grade of ore at the Beiradelo mine increased by 27.71%, contributing to significant growth in gold production[67]. Environmental and Safety Initiatives - The company is committed to sustainable development and responsible mining practices, focusing on green and low-carbon initiatives[129]. - The company is actively working on carbon peak and carbon neutrality initiatives, promoting green mining practices[137]. - The company emphasizes safety and environmental management, aiming to improve its ecological and safety standards in mining operations[55]. - The company is committed to enhancing its environmental management practices to meet increasing ecological and regulatory demands[143]. Strategic Acquisitions and Investments - The company acquired 100% of Osino Resources Corp., adding a total of 765 tons of gold resources[42]. - The company acquired 70% equity in Baotou Changtai Mining for a transaction price of RMB 471.10 million, based on a valuation of RMB 681.81 million as of June 30, 2023[107]. - The company has ongoing projects with a total investment of RMB 82.73 million in the Jiaojiakou mining area, aiming for an annual production capacity of 6.6 million tons[112]. - The company has confirmed its mineral resource and reserve estimates as of December 31, 2024, in accordance with the national standard GB/T 17766-2020 and the international NI43-101 guidelines[95]. Market and Economic Outlook - The gold industry is expected to maintain strong demand due to geopolitical uncertainties and economic conditions, enhancing gold's value as a safe-haven asset[128]. - The company is focused on maintaining a stable operational performance amidst complex global geopolitical risks and economic uncertainties[127]. - The company projects a revenue growth of 10% for the fiscal year 2024, targeting RMB 1.32 billion[169]. Corporate Governance and Compliance - The audit committee has reviewed the annual performance for the year ending December 31, 2024, and confirmed compliance with applicable accounting standards[155]. - The company is committed to improving its corporate governance structure in accordance with relevant laws and regulations[153]. - The company plans to enhance its governance structure and improve the quality of information disclosure, while also deepening investor relations management[139].
山东黄金(01787) - 2024 - 年度业绩