Zhaojin Mining Industry Company (1818) Q3 2024 earnings summary

Executive summary

• Zhaojin Mining Industry reported consolidated revenue of RMB 8.09 billion for the nine months ended 30 September 2024, up from RMB 6.38 billion year-over-year.

• Net profit attributable to owners reached RMB 880.6 million, a significant increase from RMB 365.3 million in the same period last year.

• Basic earnings per share rose to RMB 0.26 from RMB 0.11 year-over-year.

Financial highlights

• Consolidated operating income for Jan–Sep 2024 was RMB 1.66 billion, up from RMB 790.7 million year-over-year.

• Net cash flows from operating activities increased to RMB 1.54 billion from RMB 356 million year-over-year.

• Total assets grew to RMB 53.17 billion as of 30 September 2024, up from RMB 46.74 billion at year-end 2023.

• Total owners' equity rose to RMB 24.49 billion from RMB 22.16 billion at year-end 2023.

Outlook and guidance

• The company issued the third tranche of medium-term Sci-Tech innovation notes in August 2024, supporting future financing and growth.