赤峰黄金(600988) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,026,693,783.54, representing a year-on-year increase of 19.88%[2] - Net profit attributable to shareholders for Q3 2024 was ¥394,666,065.98, an increase of 89.83% compared to the same period last year[2] - Basic earnings per share for Q3 2024 was ¥0.24, reflecting an increase of 84.62% year-on-year[4] - Total operating revenue for the first three quarters of 2024 reached CNY 6,222,830,630.43, an increase from CNY 5,062,292,721.07 in the same period of 2023, representing a growth of approximately 22.9%[22] - Net profit for the first three quarters of 2024 was CNY 1,254,012,180.84, compared to CNY 555,234,201.98 in the same period of 2023, indicating a significant increase of approximately 126.5%[23] - The company reported an operating profit of CNY 1,838,611,570.75 for the first three quarters of 2024, significantly higher than CNY 761,960,309.87 in the same period of 2023, indicating an increase of approximately 141.4%[23] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥19,895,166,440.93, a 6.29% increase from the end of the previous year[4] - The company's total assets as of the end of Q3 2024 amounted to CNY 19,895,166,440.93, up from CNY 18,717,792,749.45 at the end of Q3 2023, reflecting a growth of about 6.3%[21] - Total liabilities decreased slightly to CNY 10,095,270,035.95 from CNY 10,175,584,604.74 year-over-year, showing a reduction of approximately 0.8%[21] - The company's total non-current assets were CNY 13,570,187,021.51, a slight decrease from CNY 13,822,412,618.08 year-over-year, representing a decline of about 1.8%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥2,003,177,782.49, showing a significant increase of 67.17%[4] - The net cash flow from operating activities for Q3 2024 was CNY 2,003,177,782.49, an increase of 67.2% compared to CNY 1,198,318,340.11 in Q3 2023[26] - Total cash inflow from investment activities was CNY 793,798,665.58, significantly up from CNY 28,089,931.39 in the previous year[26] - The net cash flow from financing activities was negative CNY 580,064,770.77, compared to a positive CNY 93,668,254.36 in Q3 2023[27] - Cash and cash equivalents at the end of Q3 2024 totaled CNY 2,095,343,792.84, up from CNY 1,085,299,638.73 at the end of Q3 2023[27] Production and Sales - The company reported a significant increase in gold product sales and prices, contributing to the overall profit growth[7] - For the first nine months of 2024, gold production reached 10,749,832.41 grams, an increase of 5.05% year-over-year, while sales volume was 10,949,638.42 grams, up by 4.95%[15] - The production of copper concentrate surged by 88.10% year-over-year to 1,184.82 tons, with sales increasing by 12.44% to 701.30 tons[15] - The company reported a decrease in sales volume for electrolytic copper by 22.74% year-over-year, totaling 3,746.62 tons[15] Costs and Expenses - The all-in sustaining cost (AISC) for gold was RMB 285.53 per gram for the first nine months of 2024, compared to RMB 281.55 per gram for the same period in 2023[16] - The sales cost for domestic mines increased by 16.72% year-over-year, while the AISC rose by 8.88%[18] - Research and development expenses for the first three quarters of 2024 were CNY 47,893,302.67, up from CNY 24,951,792.58 in the same period of 2023, marking an increase of approximately 92.1%[23] Equity and Shareholder Information - The weighted average return on equity for Q3 2024 was 5.67%, an increase of 2.14 percentage points compared to the previous year[4] - The company's total equity attributable to shareholders increased by 15.68% year-on-year, reaching ¥7,116,484,769.76 at the end of Q3 2024[4] - Earnings per share for the first three quarters of 2024 were CNY 0.67, compared to CNY 0.32 in the same period of 2023, reflecting an increase of approximately 109.4%[24] Inventory and Current Assets - The total current assets as of September 30, 2024, amounted to RMB 6,324,979,419.42, a significant increase from RMB 4,895,380,131.37 on December 31, 2023[19] - The total inventory as of September 30, 2024, was RMB 2,449,669,532.65, slightly up from RMB 2,406,909,238.08 at the end of 2023[19] Other Information - The company has not disclosed any new product launches or major acquisitions during this reporting period[14] - Deferred income increased to CNY 6,917,750.81 from CNY 1,755,500.75 year-over-year, representing a growth of approximately 294.5%[21] - The company is undergoing production facility upgrades, which contributed to the significant increases in the production of copper, lead, and zinc concentrates[15]