SDR(SZ:000603)2024-08-30 12:37Financial Performance - The company achieved a revenue of CNY 852.15 million in the first half of 2024, an increase of 4.27% year-on-year [3] - The net profit attributable to shareholders was CNY 82.49 million, reflecting a year-on-year increase of 34.90% [3] - In Q2 2024, revenue reached CNY 588.88 million, up 9.79% year-on-year, with net profit of CNY 91.27 million, a significant increase of 103.32% [3] Production and Sales - The mining volume slightly increased, but the number of days for ore processing decreased due to cold weather, leading to a reduction in processed ore [3] - Lead metal production decreased by 6.92% year-on-year, while zinc metal production fell by 23.14% [3] - Silver metal production increased by 12.51% year-on-year due to higher silver grades [3] - Zinc metal sales decreased by 34.73% year-on-year, while lead metal sales dropped by 25.90% and silver metal sales decreased by 15.35% [3] Resource Development - The company is actively advancing exploration and resource increase in its subsidiary, Yindu Mining, with a focus on the Bairendaba silver polymetallic mine [4] - The exploration area for the Bairendaba mine is 1.43 square kilometers, and the company is working on integrating mining rights [4] - Jinshan Mining is undergoing technical upgrades, expected to be completed by the end of September 2024, to enhance mining efficiency and safety [4][5] Future Prospects - The company anticipates a continued upward trend in silver prices in the second half of the year [3] - The development of the Bayan Ula silver polymetallic mine, with a production scale of 250,000 tons/year, is progressing, with necessary permits obtained [4][5] - The company is also focusing on mergers and acquisitions of high-quality precious metal resources to enhance its profitability [6]