Financial Performance - The company's revenue for the year ended March 31, 2024, was HKD 722.725 million, a significant increase from HKD 153.195 million in the previous year, representing a growth of approximately 371%[5]. - The net profit attributable to the owners of the company for the year was HKD 76.041 million, compared to HKD 43.736 million in the previous year, reflecting a year-on-year increase of about 74%[3][8]. - The company reported a gross profit of HKD 83.829 million, up from HKD 63.309 million in the previous year, indicating a growth of around 32%[5]. - The gross profit for the fiscal year was approximately HKD 83.8 million, up about 32.4% from approximately HKD 63.3 million in the previous year, with a gross margin of approximately 11.6% compared to 41.3% in the previous year[45]. - The group's profit for the year was approximately HKD 76,000,000, compared to HKD 43,700,000 in 2023, with net profit attributable to equity holders of approximately HKD 55,300,000, up from HKD 26,100,000 last year[48]. - Earnings per share for the year were approximately HKD 0.92, compared to HKD 0.48 in 2023[50]. - The total comprehensive income for the year was approximately HKD 49,168,000, compared to HKD 14,142,000 last year[54]. - The pre-tax profit for the group was HKD 13,376,000 in 2024, up from HKD 10,794,000 in 2023, indicating an increase of about 24.5%[1]. - The basic earnings per share for 2024 was HKD 55,296,000, compared to HKD 26,109,000 in 2023, representing a growth of approximately 111%[2]. Expenses and Costs - The total expenses for the mining operations during the year were approximately HKD 21.3 million[9]. - The financing costs for the year were HKD 99.828 million, compared to HKD 31.606 million in the previous year, indicating a significant increase in financing expenses[5]. - The total expenditure for mining development and exploration activities for the year was approximately HKD 170,800,000 and HKD 12,300,000, respectively[58]. - Sales and distribution expenses for the year were approximately HKD 1.9 million, an increase of about 11.2% from approximately HKD 1.7 million in the previous year[46]. - The group's administrative expenses for the year were approximately HKD 24,500,000, a decrease of about 13.5% compared to last year's HKD 28,300,000[47]. - The company reported a total interest expense of HKD 6,367,000 in 2024, down from HKD 8,771,000 in 2023, a decrease of about 27.5%[1]. - Employee costs rose to HKD 18,362,000 in 2024, compared to HKD 13,673,000 in 2023, reflecting a growth of approximately 34.5%[2]. Assets and Liabilities - The estimated total resources and reserves as of March 31, 2024, included 6,150 thousand tons of ore with an average grade of 6.08 grams per ton, containing approximately 37,374 kilograms of gold[10]. - The company's capital debt ratio as of March 31, 2024, was approximately 27.3%, down from 35.8% in the previous year[27]. - As of March 31, 2024, the group held cash and cash equivalents of approximately HKD 47,500,000, up from HKD 24,600,000 in 2023, and net current assets of approximately HKD 174,600,000, compared to HKD 5,000,000 last year[52]. - The current ratio as of March 31, 2024, was approximately 1.87, compared to 0.96 in 2023[53]. - Trade receivables were approximately HKD 29.1 million, down from approximately HKD 41.1 million in the previous year[30]. - Trade receivables decreased to HKD 29,107,000 in 2024 from HKD 41,072,000 in 2023, a decline of approximately 29.1%[2]. - The net assets of the group increased to approximately HKD 506,651,000 from HKD 440,631,000 in the previous year[67]. Corporate Governance and Strategy - The company has adopted corporate governance principles focusing on a quality board and transparency to enhance shareholder value[16]. - The audit committee reviewed the financial statements for the year and held four meetings during the year to discuss financial reporting and risk management[19][21]. - The company plans to continue exploration in expanded licensed areas to increase current reserves and resources, enhance production capacity through ongoing technological upgrades, and identify potential acquisitions of mining and related assets[43]. - The group plans to expand and diversify its business scope, including entering new business areas such as downstream precious metal users and ecological restoration of abandoned mines[56]. - The company initiated an innovative tailings treatment method aimed at converting waste into reusable materials, contributing to sustainable operations and creating new revenue streams[56]. Shareholder Information - The company entered into a subscription agreement on March 22, 2024, to issue 310,638,298 new shares at a subscription price of HKD 0.141 per share, representing about 5.19% of the existing issued share capital[13]. - The company did not declare or propose any dividends for the years ending 2024 and 2023[2]. - The weighted average number of ordinary shares for calculating diluted earnings per share increased to 6,713,801,552 in 2024 from 5,429,308,681 in 2023[2]. Segment Performance - The group reported external customer revenue of HKD 722,725,000 for the gold mining segment, a significant increase from HKD 153,195,000 in the previous year, representing a growth of approximately 371%[83][90][92]. - Gross profit for the gold mining segment was HKD 83,829,000, compared to HKD 63,309,000 in the previous year, indicating an increase of about 32%[83][89]. - The total segment assets amounted to HKD 1,428,272,000, with the gold mining segment contributing HKD 1,403,581,000[83][89]. - The group incurred financing costs of HKD 13,376,000, which includes HKD 6,631,000 from the gold mining segment and HKD 6,745,000 from the corporate segment[83][89]. - Capital expenditures for the group totaled HKD 360,583,000, with HKD 359,687,000 allocated to the gold mining segment[83][89]. - The group identified three major customers contributing over 10% of total revenue, with the largest customer generating HKD 437,146,000 in revenue[90][91]. - The group’s non-current assets in China (excluding Hong Kong, Macau, and Taiwan) reached HKD 1,052,754,000, compared to HKD 786,634,000 in the previous year[85]. - The group’s operating expenses totaled HKD 26,410,000, with HKD 11,813,000 from the gold mining segment and HKD 14,597,000 from the corporate segment[83].
大唐潼金(08299) - 2024 - 年度业绩