Shanjin International Gold (000975) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of ¥13.59 billion in 2024, up 67.60% year-over-year, with net profit attributable to shareholders rising 52.57% to ¥2.17 billion.

• Gold output reached 8.04 tons, up 14.69% year-over-year; silver, lead, and zinc production also increased.

• Completed acquisition of Osino Resources, adding 127.2 tons of gold resources and expanding international presence.

• Maintained strong safety and environmental record, with no major incidents and continued green mine certifications.

Financial highlights

• Revenue: ¥13.59 billion, up 67.60% year-over-year; net profit: ¥2.17 billion, up 52.57%.

• Operating cash flow: ¥3.87 billion, up 77.59% year-over-year.

• Basic and diluted EPS: ¥0.7826, up 52.58% year-over-year.

• Gross margin for gold mining segment: 67.89%; for metal trading: 11.00%.

• Total assets: ¥18.19 billion, up 11.60% from prior year-end.

Outlook and guidance

• 2025 gold production target set at no less than 8 tons, with other metals output to match or exceed 2024 levels.

• Strategic focus on resource expansion, international M&A, and digital/green mining technologies.

• Long-term plan to reach 28 tons annual gold output and 600+ tons gold reserves by 2030.