SDR(000603)2024-10-31 11:25Financial Performance - In Q3 2024, the company achieved a revenue of CNY 544.78 million, with a net profit attributable to shareholders of CNY 116.70 million, representing a year-on-year increase of 60.36% [2] - For the first three quarters of 2024, the company reported a total revenue of CNY 1.40 billion and a net profit of CNY 199.20 million, reflecting a year-on-year increase of 48.73% [2] Mining Operations - The company is in the process of acquiring the remaining 47% equity of Honglin Mining, which operates the Caiyuzi Copper Gold Mine, with a production capacity of 39.60 thousand tons per year [3] - The Caiyuzi Copper Gold Mine has a total identified resource of 605.6 million tons of ore, with gold resources of 17,049 kg and copper resources of 29,015 tons, indicating good mining potential [2][3] Project Development - The construction of the Caiyuzi Copper Gold Mine is progressing, with the project entering the underground infrastructure and mineral processing plant construction phases [3] - The mine is expected to begin trial production between July and September 2025, with an average gold grade of 2.82 g/t and a copper grade of 0.48% [4] Cost Management - The company has maintained stable production costs for silver, lead, and zinc products, with overall costs controlled through strict management practices [3] - The comprehensive recovery rate for the Caiyuzi Copper Gold Mine is 90.28%, allowing for effective cost control due to the simple processing techniques [4] Future Outlook - The acquisition of Honglin Mining is anticipated to positively impact the company's future net profit and overall development [2] - The company plans to implement effective production strategies to maximize operational efficiency, especially considering seasonal weather impacts on mining activities [4][5]