Financial Performance - Revenue for the six months ended June 30, 2024, was approximately RMB 4,627,203,000, an increase of about 34.24% compared to the same period last year[3] - Net profit for the same period was approximately RMB 726,420,000, representing a growth of about 98.82% year-on-year[3] - Profit attributable to equity holders of the parent company was approximately RMB 552,793,000, an increase of about 118.62% compared to the previous year[3] - Basic and diluted earnings per share attributable to ordinary shareholders of the parent company was approximately RMB 0.12, reflecting a growth of about 200.00% year-on-year[3] - The company reported a comprehensive income of RMB 632,768,000 for the period, compared to RMB 307,416,000 in the previous year[5] - The group’s revenue for the period was approximately RMB 4,627,203,000, representing a year-on-year increase of about 34.24% compared to RMB 3,446,912,000 in the same period last year[38][50] - Net profit for the period was approximately RMB 726,420,000, an increase of about 98.82% from RMB 365,360,000 in the same period last year[39] - The group's attributable profit to equity holders was approximately RMB 552,793,000, up about 118.62% from RMB 252,858,000 in the same period last year[41] Assets and Liabilities - Total non-current assets as of June 30, 2024, amounted to RMB 38,858,227,000, up from RMB 33,830,534,000 at the end of December 2023[6] - Current assets totaled RMB 13,699,314,000, compared to RMB 13,036,862,000 at the end of December 2023[6] - Total liabilities increased to RMB 12,284,037,000 from RMB 12,243,691,000 at the end of December 2023[6] - Total assets as of June 30, 2024, amounted to RMB 52,557,541,000, with segment assets from gold mining at RMB 42,234,489,000[13] - The company reported a net asset value of RMB 24,530,094,000 as of June 30, 2024, an increase from RMB 22,244,326,000 at the end of 2023[7] - Non-current liabilities totaled RMB 15,743,410,000, up from RMB 12,379,379,000 in the previous period[7] - The company’s total liabilities reached RMB 28,027,447,000, with total liabilities from the gold mining segment at RMB 4,453,128,000[13] - Total liabilities as of June 30, 2024, amounted to approximately RMB 28,027,447,000, an increase of about 13.83% compared to RMB 24,623,070,000 as of December 31, 2023[69] Production and Sales - Total gold production for the period was approximately 13,178.35 kg (about 423,693.18 ounces), reflecting a year-on-year growth of about 11.98%[40][47] - Gold sales contributed RMB 4,299,037 thousand, while copper sales accounted for RMB 149,620 thousand for the six months ended June 30, 2024[17] - The average gold price in the first half of the year was RMB 514.12 per gram, an increase of 18.98% compared to RMB 432.09 per gram in the same period last year[46] - The consolidated gold cost was approximately RMB 209.99 per gram, a decrease of about 2.18% from RMB 214.67 per gram in the same period last year[52] - The group's sales cost was approximately RMB 2,650,560,000, an increase of about 26.07% compared to RMB 2,102,505,000 in the same period last year[54] Expenses and Financial Costs - Interest income for the period was RMB 110,366,000, while financial costs amounted to RMB 264,207,000[13] - Administrative and other operating expenses were approximately RMB 1,130,721,000, an increase of about 30.63% from RMB 865,568,000 in the same period last year[58] - The group's financial costs decreased by about 15.11% to approximately RMB 264,207,000 from RMB 311,238,000 in the same period last year[59] Investments and Acquisitions - The company successfully acquired 90.52% of Tietto Mineral Limited, enhancing its overseas business expansion strategy[34] - The cash consideration for the acquisition of Tietto was AUD 651,864,000, equivalent to approximately RMB 3,081,164,000[35] - The company completed the acquisition of 100% equity in Tietto Minerals Limited, expanding its presence in the West African mining market[47] - The company announced a conditional offer to acquire all shares of Tietto at a revised offer price of AUD 0.68 per share, with a total consideration of approximately AUD 733 million (equivalent to about HKD 3.718 billion)[103] Dividends and Shareholder Returns - The board of directors did not recommend the distribution of an interim dividend for the six months ended June 30, 2024[3] - The proposed final ordinary share dividend is RMB 0.04 per share, totaling approximately RMB 136,093,000 for the year 2023, compared to RMB 130,816,000 for 2022[22] - The company proposed a final dividend of RMB 0.04 per share for the year ended December 31, 2023[91] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the period from January 1, 2024, to June 30, 2024, with no known violations by the board of directors[111] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim report and performance announcement for the six months ending June 30, 2024, confirming compliance with applicable accounting standards and legal requirements[113] Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[9] - The group aims to accelerate the construction of key projects and enhance research and development efforts, with a focus on 22 "one enterprise, one topic" projects and 10 major research initiatives for the year[79] - The group plans to enhance production organization and optimize indicators to increase production efficiency, focusing on key mines such as Xiadian Gold Mine and Dayingezhuang Gold Mine[79] - The company plans to issue up to RMB 100 billion in short-term financing bonds and RMB 60 billion in corporate bonds in China[91]
招金矿业(01818) - 2024 - 中期业绩