Zheng Quan Ri Bao·2025-03-28 13:41Core Viewpoint - Chifeng Jilong Gold Mining Co., Ltd. reported significant growth in revenue and net profit for the fiscal year 2024, driven by a strong focus on gold production and strategic international expansion [2][3]. Financial Performance - The company achieved an operating revenue of 9.026 billion yuan, a year-on-year increase of 24.99% [2]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, reached 1.764 billion yuan, marking a 119.46% increase year-on-year [2]. - Gold production for 2024 was 15.16 tons, up 5.60% from the previous year [3]. - Free cash flow surged to 1.749 billion yuan, reflecting a 279.22% increase, while operating cash flow net amount reached 3.268 billion yuan, a 48.34% increase [3]. Market Dynamics - The World Gold Council reported that gold prices hit historical records 40 times in 2024, contributing to the company's revenue growth through increased sales volume and higher selling prices [3]. - As of March 28, 2025, spot gold prices reached a peak of 3,077 USD per ounce, reflecting a 2.5% increase from the previous week's low and over 15% growth since the beginning of the year [3][4]. International Expansion - The company operates seven gold and multi-metal mines across China, Southeast Asia, and West Africa, with international operations contributing significantly to its revenue [5]. - In 2024, overseas mines accounted for 11.25 tons of gold production, and overseas revenue reached 6.238 billion yuan, approximately 69.50% of total revenue [5]. - The company initiated H-share issuance in June 2024 and successfully listed on the Hong Kong Stock Exchange in March 2025, raising approximately 2.676 billion HKD [5]. Strategic Focus - The company emphasizes a "gold-centric" development strategy, aiming to enhance its core competitiveness and explore new growth opportunities [6]. - Future plans include focusing on high-quality gold mining resources, adopting new technologies, and actively pursuing internationalization to optimize resource allocation and enhance competitiveness [6].