Financial Performance - For the year ended December 31, 2023, the group's revenue was approximately RMB 8,423,618,000, an increase of about 6.82% compared to RMB 7,885,557,000 in 2022[2]. - The net profit for the year was approximately RMB 838,418,000, representing a significant increase of about 49.67% from RMB 560,186,000 in 2022[2]. - Basic and diluted earnings per share attributable to ordinary shareholders were approximately RMB 0.14, doubling from RMB 0.07 in 2022, reflecting a 100% increase[3]. - The profit attributable to the owners of the parent company was approximately RMB 686,430,000, an increase of about 70.77% from RMB 401,952,000 in 2022[3]. - Gross profit for the year was approximately RMB 3,370,285,000, compared to RMB 2,655,912,000 in 2022[4]. - The total comprehensive income for the year was RMB 691,721,000, compared to RMB 630,273,000 in 2022[7]. - The company's pre-tax profit was approximately RMB 1,126,525,000, up from RMB 739,205,000 in 2022[4]. - The company's revenue from customer contracts was RMB 8,677,623,000, up from RMB 8,107,760,000 in 2022[26]. - Gold sales contributed RMB 7,671,610,000 to total revenue in 2023, up from RMB 7,178,570,000 in 2022, indicating a year-on-year increase of about 6.9%[28]. Cost and Expenses - The total cost of sales decreased to RMB 5,053,333,000 from RMB 5,229,645,000 in the previous year[4]. - Administrative expenses increased to approximately RMB 2,132,632,000, an increase of about 11.44% from RMB 1,913,739,000 in 2022[76]. - Total employee costs increased to RMB 1,164,080 in 2023 from RMB 1,084,950 in 2022, marking a rise of about 7.3%[38]. - Total financial costs increased to RMB 607,694 thousand in 2023 from RMB 533,191 thousand in 2022, representing a rise of approximately 13.9%[37]. - The impairment of fixed assets was RMB 266,407 thousand in 2023, significantly higher than RMB 81,378 thousand in 2022, indicating a substantial increase in asset impairment[37]. Assets and Liabilities - Total non-current assets increased to RMB 33,830,534 thousand from RMB 32,936,695 thousand, representing a growth of approximately 2.71% year-over-year[9]. - Current assets totaled RMB 13,036,862 thousand, up from RMB 12,950,800 thousand, indicating a year-over-year increase of about 0.67%[9]. - Total liabilities decreased from RMB 27,840,043 thousand in 2022 to RMB 24,622,658 thousand in 2023, reflecting a reduction of approximately 11.36%[10]. - Net assets rose to RMB 22,244,326 thousand, compared to RMB 20,047,452 thousand in the previous year, marking an increase of around 10.94%[10]. - Cash and cash equivalents decreased to RMB 2,916,103 thousand from RMB 3,583,213 thousand, a decline of approximately 18.54%[9]. Production and Sales - The total gold production for the year was 24,684.76 kg (approximately 793,632.90 ounces), a decrease of about 9.75% compared to last year[51]. - The total copper production for the year was 5,010 tons, an increase of approximately 15.36% year-on-year, attributed to optimized production organization and recovery of copper business operations[52]. - The company’s copper sales reached RMB 300,920 thousand in 2023, up from RMB 275,205 thousand in 2022, showing an increase of approximately 9.4%[28]. Dividends and Shareholder Information - The board recommended a cash dividend of RMB 0.04 per share (before tax), unchanged from the previous year[3]. - The company plans to distribute a final dividend of RMB 0.04 per share for both 2023 and 2022, maintaining the same level[40]. - The company’s major customer accounted for RMB 6,555,740,000, or 78% of total revenue, indicating a slight decrease from 80% in 2022[25]. Strategic Initiatives and Future Plans - The company plans to focus on market expansion and new product development in the upcoming fiscal year[11]. - The company plans to enhance its main profit-generating capabilities by implementing production expansion plans and focusing on efficiency improvements during the high gold price period[95]. - Key projects include accelerating the expansion of the Ruihai Mining with a target of 12,000 tons per day and the Dayin Gold Mine with a target of 8,000 tons per day[96]. - The company is committed to integrating ESG principles into its operations, promoting sustainable development and enhancing core competitiveness[99]. Compliance and Governance - The company confirmed compliance with the Corporate Governance Code for the year ending December 31, 2023[157]. - The audit committee reviewed the audited consolidated financial statements for the year and confirmed compliance with applicable accounting standards and legal requirements[159]. - The independent non-executive directors confirmed their independence in accordance with the listing rules[161]. Financing Activities - The company issued short-term financing bonds on February 14, 2023, with a face value of RMB 1.5 billion, a term of 30 days, and an interest rate of 1.99%[114]. - The company plans to issue up to RMB 20 billion in perpetual corporate bonds and RMB 60 billion in medium-term notes in China[158]. - The company issued the second phase of ultra-short-term financing bonds on February 21, 2023, with a face value of RMB 1 billion, a term of 30 days, and an interest rate of 1.99%[116].
招金矿业(01818) - 2023 - 年度业绩