Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 11,550,680,000, an increase of about 37.12% compared to RMB 8,423,618,000 in 2023[2] - The net profit for the year ended December 31, 2024, was approximately RMB 1,851,333,000, representing a significant increase of about 120.81% from RMB 838,418,000 in 2023[2] - Basic and diluted earnings per share attributable to ordinary shareholders were approximately RMB 0.35, up about 150.00% from RMB 0.14 in 2023[3] - The profit attributable to the owners of the parent company was approximately RMB 1,450,799,000, an increase of about 111.35% from RMB 686,430,000 in 2023[3] - Gross profit for the year was approximately RMB 4,521,953,000, compared to RMB 3,370,285,000 in 2023[4] - The total comprehensive income for the year was approximately RMB 1,728,531,000, compared to RMB 691,721,000 in 2023[7] - The company reported a profit before tax of RMB 2,228,888 for 2024, significantly up from RMB 1,126,525 in 2023, marking an increase of 97.9%[24] - The company reported a total of RMB 582,509,000 in other income and gains for the year ended December 31, 2024, an increase from RMB 526,967,000 in 2023[38] Dividends and Shareholder Returns - The board recommended a cash dividend of RMB 0.05 per share (before tax), compared to RMB 0.04 per share (before tax) in 2023[3] - The company plans to distribute the proposed dividend by June 30, 2025, to shareholders listed on June 10, 2025[67] - The company plans to distribute a final dividend of RMB 0.05 per share for the year ending December 31, 2024, compared to RMB 0.04 per share for 2023, reflecting a 25% increase[51] Assets and Liabilities - As of December 31, 2024, total non-current assets amounted to RMB 39,676,995,000, an increase from RMB 33,830,534,000 in 2023, representing a growth of approximately 17.5%[9] - Current assets totaled RMB 13,890,950,000, up from RMB 13,036,862,000 in 2023, indicating an increase of about 6.6%[9] - Total liabilities reached RMB 53,073,788,000, compared to RMB 48,003,058,000 in 2023, reflecting an increase of approximately 10.5%[10] - The company's total assets were RMB 39,132,788,000, up from RMB 34,623,705,000 in 2023, marking a growth of around 13.5%[10] - Non-current liabilities amounted to RMB 13,940,497,000, an increase from RMB 12,379,379,000 in 2023, representing a rise of about 12.6%[10] - The company's equity attributable to owners of the parent was RMB 25,192,291,000, compared to RMB 22,244,326,000 in 2023, indicating an increase of approximately 13.3%[10] Cash Flow and Financial Health - Cash and cash equivalents decreased to RMB 2,029,825,000 from RMB 2,916,103,000 in 2023, a decline of about 30.5%[9] - The company has assessed its future cash flow forecasts and believes it has sufficient operating funds to meet its obligations for at least the next twelve months[12] - The company reported net current liabilities of RMB 544,207,000 as of December 31, 2024, compared to net current assets of RMB 793,171,000 in 2023[12] - The leverage ratio as of December 31, 2024, was 43.4%, up from 42.1% in 2023, primarily due to an increase in debt levels[98] Segment Performance - The group has three reporting operating segments: gold mining and metallurgy, copper mining and metallurgy, and other major activities including investments and consulting services[22] - Gold mining business contributed RMB 10,718,693 to total revenue, representing 92.8% of the total revenue for 2024[29] - The company’s gold mining business generated RMB 7,671,610,000 in revenue for the year ended December 31, 2023, highlighting its core business strength[31] - Revenue from external customers in mainland China was RMB 10,161,998, up from RMB 8,392,821 in 2023, showing a growth of 20.9%[26] Taxation - The total income tax expense for 2024 is RMB 377,555 thousand, an increase from RMB 288,107 thousand in 2023, representing a rise of about 31.1%[46] - The effective tax rate for 2024 is 16.9%, compared to 25.6% in 2023, showing a decrease in the effective tax burden[48] - The income tax expense for mainland China in 2024 is RMB 497,281 thousand, up from RMB 373,702 thousand in 2023, marking an increase of approximately 33.2%[46] Production and Operational Efficiency - The company reported a total gold production of 26,449.73 kg (approximately 850,377.84 ounces) for the year, representing a growth of about 7.15% compared to the previous year[62] - The company’s gold production from mining increased by approximately 4.34% to 18,337.72 kg (about 589,570.96 ounces) in the current year[62] - The company plans to invest RMB 142 million in exploration throughout the year to enhance resource reserves and ensure production continuity[111] - The company aims to strengthen production organization and optimize mining technology to increase production capacity and efficiency[111] Strategic Initiatives and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and revenue growth[24] - The company is actively pursuing mergers and acquisitions to secure quality resource projects and expand its global investment footprint[111] - The company plans to maintain its international strategy and enhance its capabilities in resources, talent, technology, and management to drive production growth and efficiency improvements in 2025[109] Governance and Compliance - The audit committee has reviewed the audited consolidated financial statements for the year, confirming compliance with applicable accounting standards and legal requirements[174] - The company has confirmed that all independent non-executive directors meet the independence requirements as per listing rules[176] - The annual general meeting for 2024 is scheduled for June 2, 2025, with relevant announcements to be published on the stock exchange and the company's website[181]
招金矿业(01818) - 2024 - 年度业绩