Financial Performance - For the fiscal year ending December 31, 2023, the total revenue was RMB 10,533,681,000, an increase of 4.0% from RMB 10,126,458,000 in 2022[3] - The gross profit for the year was RMB 969,901,000, representing a gross margin of approximately 9.2%[3] - Operating profit increased to RMB 581,649,000, up 31.6% from RMB 441,817,000 in the previous year[3] - The net profit attributable to equity shareholders was RMB 318,082,000, a significant increase of 32.4% compared to RMB 240,222,000 in 2022[3] - Earnings per share for the year were RMB 32.35, compared to RMB 27.80 in the previous year, reflecting a growth of 16.5%[3] - Total comprehensive income for the year 2023 was RMB 282,561,000, an increase of 88.0% compared to RMB 150,386,000 in 2022[19] - The net profit for the fiscal year 2023 was approximately RMB 294,027,000, compared to RMB 230,270,000 for the fiscal year 2022, representing an increase of about 27.7%[84] - Basic earnings per share for 2023 were RMB 32.35, up from RMB 27.80 in 2022, reflecting an increase of 16.5%[34] Revenue Segments - The revenue from gold sales was RMB 10,177,658,000, which accounted for the majority of total revenue[10] - Revenue from the domestic mining segment increased by approximately 68.3% in fiscal year 2023 compared to fiscal year 2022, driven by management reforms and enhanced production organization[87] - The mining segment's total revenue for the fiscal year 2023 was approximately RMB 2,385,419,000, an increase of about RMB 448,586,000 or 23.16% compared to the previous year[112] - The total revenue from the smelting segment for fiscal year 2023 was approximately RMB 10,618,737,000, an increase of about 4.87% compared to the previous year[115] Assets and Liabilities - The company reported a net current liability of RMB 741,768,000, with total bank and other borrowings amounting to RMB 2,853,108,000[7] - The net asset value increased to RMB 2,436,554,000 in 2023 from RMB 1,898,582,000 in 2022, representing a growth of 28.3%[21] - Non-current liabilities rose to RMB 693,274,000 in 2023, compared to RMB 507,000,000 in 2022, marking a 36.7% increase[21] - The total equity attributable to equity shareholders increased to RMB 2,662,151,000 in 2023 from RMB 2,104,393,000 in 2022, a rise of 26.4%[21] - The balance of bank and other borrowings decreased to RMB 2,853,108,000 in 2023 from RMB 3,671,749,000 in 2022, a reduction of 22.3%[45] Dividends and Shareholder Returns - A proposed final dividend of RMB 0.065 per share, amounting to approximately RMB 79,076,000, has been approved by the board[15] - The company did not declare or pay any dividends for the fiscal year 2023, consistent with 2022[59] - The board proposed a final dividend of RMB 0.065 per share (tax included) for the fiscal year ending December 31, 2023, compared to no dividend in the previous fiscal year[181] Operational Highlights - The company produced approximately 22,565 kg (about 725,476 oz) of gold bars in the fiscal year 2023, a decrease of about 1,788 kg (approximately 57,478 oz) or 7.34% compared to the previous year[84] - The company completed the production of gold concentrate and refined gold totaling 5,478 kg, an increase of 57 kg or 1% year-on-year[87] - The company recorded a total of 11,066 kg of gold bars produced through gold concentrate processing in fiscal year 2023, compared to 11,641 kg in fiscal year 2022, reflecting a decrease of about 4.9%[89] Tax and Impairment - The company reported a provision for current tax of RMB 142,176,000 for the year, compared to RMB 57,288,000 in the previous year, indicating a significant increase[28] - The company recognized an impairment loss of RMB 9,106,000 in 2022, which was not present in 2023, indicating improved asset performance[42] - The company reported a significant impairment loss of RMB 40,047,000 on intangible assets in 2023, down from RMB 48,160,000 in 2022[54] Governance and Compliance - The company has complied with the Corporate Governance Code as per the listing rules and confirmed no breaches during the fiscal year[161] - The audit committee reviewed and confirmed the annual performance without any disagreements regarding the accounting treatment adopted by the company[185] Future Outlook - The company plans to strengthen governance and accelerate the "digital intelligence" transformation to enhance operational management[117] - The group plans to enhance its core competitiveness by integrating new information technology with mining operations and focusing on exploration and resource expansion in 2024[142] - The group aims to reduce its debt ratio and enhance financing capabilities through various measures, including securing additional long-term loans at lower interest rates[149]
灵宝黄金(03330) - 2023 - 年度业绩