Chifeng Jilong Gold Mining (600988) Q1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders surged 141.10% year-over-year to ¥483.42 million, driven by stable gold output, effective cost control, and higher gold prices.

• Revenue rose 29.85% year-over-year to ¥2.41 billion, reflecting robust sales performance.

• Basic and diluted EPS both increased 141.67% year-over-year to ¥0.29.

Financial highlights

• Operating profit reached ¥818.18 million, up from ¥359.19 million a year ago.

• Net cash from operating activities was ¥338.01 million, down 12.81% year-over-year.

• Total assets grew 10.56% to ¥22.48 billion compared to year-end 2024.

• Net assets attributable to shareholders increased 37.62% to ¥10.90 billion.

Outlook and guidance

• Management expects gold unit costs to normalize in the next three quarters after a temporary rise due to increased mining and equipment upgrades.