Shanjin International Gold (000975) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 4.32 billion, up 55.84% year-over-year, driven by increased production, improved operations, and higher mineral prices.

• Net profit attributable to shareholders was RMB 693.83 million, a 37.91% increase compared to the same quarter last year.

• Gross margins for key products remained strong, with gold at 77.57% and silver at 61.54%.

Financial highlights

• Operating cash flow was RMB 981.53 million, down 6.82% year-over-year.

• Total assets at quarter-end were RMB 19.05 billion, up 4.75% from year-end 2024.

• Basic and diluted EPS were both RMB 0.2499, up 37.91% year-over-year.

• Net profit excluding non-recurring items was RMB 703.72 million, up 40.87% year-over-year.

Segment performance

• Gold production volume was 1.77 tons with a gross margin of 77.57%.

• Silver production volume was 22.05 tons with a gross margin of 61.54%.

• Lead and zinc concentrate production also contributed, with gross margins of 63.58% and 52.56% respectively.