CHIFENG GOLD(SH:600988) Sou Hu Cai Jing·2025-05-06 10:44Core Viewpoint - Chifeng Jilong Gold Mining Co., Ltd. reported significant growth in its 2024 annual results, with total revenue reaching 9.026 billion yuan, a year-on-year increase of 24.99%, and net profit attributable to shareholders rising by 119.46% to 1.764 billion yuan [3][5]. Financial Performance - The company achieved a net cash flow from operating activities of 3.268 billion yuan, up 48.36% year-on-year [3][17]. - Basic earnings per share were reported at 1.07 yuan, with a weighted average return on equity of 24.84%, an increase of 10.74 percentage points compared to the previous year [3][13]. - The proposed dividend for 2024 is 0.16 yuan per share [3]. Revenue Composition - In 2024, the revenue composition included 7.9785 billion yuan from gold, 2.223 billion yuan from zinc concentrate, and 1.8362 billion yuan from other businesses [8]. Cash Flow and Investment Activities - The net cash flow from financing activities was -1.097 billion yuan, a decrease of 869 million yuan year-on-year, while cash flow from investment activities improved to -0.958 billion yuan from -1.771 billion yuan in the previous year [17]. Asset and Liability Changes - As of the end of 2024, cash and cash equivalents increased by 65.28%, while long-term equity investments decreased by 98.94% [28][31]. - The company's long-term borrowings decreased by 57.84%, while short-term borrowings increased by 30.37% [31]. Financial Ratios - The current ratio for 2024 was reported at 1.58, and the quick ratio was 0.95 [34][35].