Shanjin International Gold (000975) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached ¥5.57 billion, up 120.65% year-over-year; YTD revenue was ¥12.07 billion, up 70.14% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥652 million, up 69.99% year-over-year; YTD net profit was ¥1.73 billion, up 54.46%.

• Operating cash flow for the first nine months was ¥3.00 billion, up 43.65% year-over-year.

• Major growth attributed to improved production management, increased trading volume, and higher sales and prices of mineral products.

Financial highlights

• Gross margin for mined gold was 73.10%, with production of 6.28 tons and sales of 6.51 tons YTD.

• Basic and diluted EPS for Q3 was ¥0.2349, up 69.97% year-over-year; YTD EPS was ¥0.6221, up 54.44%.

• Total assets at quarter-end were ¥18.20 billion, up 11.68% from year-end 2023.

• Shareholders’ equity reached ¥12.50 billion, up 8.15% from year-end 2023.

Outlook and guidance

• Acquisition of Osino Resources Corp. completed, adding approximately 127.2 tons of gold resources and expanding mineral reserves.

• New exploration and mining rights obtained in Jilin and Inner Mongolia, supporting future production growth.