广东明珠：2025年第一季度营收净利双增长 2024年度拟分红6525.59万元回报投资者

Core Viewpoint - Guangdong Mingzhu reported significant growth in Q1 2025, with revenue and net profit both increasing, showcasing the company's operational resilience [1][2] Financial Performance - The company achieved a revenue of 161 million yuan, a year-on-year increase of 36.51% [1] - The net profit attributable to shareholders reached approximately 53.88 million yuan, up 57.63% year-on-year [1] - The net profit excluding non-recurring items was about 51.33 million yuan, reflecting a 28.76% increase [1] - Earnings per share were 0.08 yuan, representing a 60% year-on-year growth [1] Business Growth Drivers - The substantial growth was primarily driven by the core subsidiary, Mingzhu Mining, which saw its revenue rise to approximately 160 million yuan, a 37.76% increase year-on-year [1] - Mingzhu Mining's iron concentrate production and sales volumes increased significantly, with production up 67.55% and sales up 59.98% year-on-year [1] - The sand and gravel business also experienced notable growth due to early planning and commencement of local government infrastructure projects, leading to increased market demand [1] Operational Efficiency - The company is enhancing internal potential through refined management practices, which have improved overall operational efficiency [2] - The weighted average return on equity reached 1.95%, an increase of 0.87 percentage points compared to the same period last year [2] Asset Management and Investor Relations - Guangdong Mingzhu is actively addressing historical issues and improving the efficiency of capital use by advancing the sale and leasing of "Yijing Garden" debt assets [2] - The company is closely monitoring the progress of the "Honggui Garden" litigation to protect investor rights [2] - A cash dividend plan for 2024 has been proposed, with a distribution of 1.00 yuan per 10 shares, amounting to an estimated total of 65.26 million yuan (including tax), reflecting the company's commitment to investor returns [2]