Inner Mongolia Xingye Silver & Tin Mining (000426) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ¥1.10 billion, down 6.83% year-over-year, but YTD revenue rose 35.95% to ¥3.30 billion.

• Net profit attributable to shareholders in Q3 was ¥416 million, up 1.47% year-over-year; YTD net profit surged 139.40% to ¥1.30 billion.

• Operating cash flow for Q3 was ¥1.25 billion, up 4.19% year-over-year.

Financial highlights

• Gross margin improved as main mineral product sales volume and prices increased year-over-year.

• Basic and diluted EPS for Q3 was ¥0.2267, up 1.48% year-over-year; YTD EPS was ¥0.7075, up 139.42%.

• Total assets at Q3-end were ¥11.37 billion, up 2.54% from year-end 2023.

• Shareholders’ equity rose 18.16% to ¥7.65 billion.

Outlook and guidance

• Increased production and sales volumes, along with higher mineral product prices, are expected to continue supporting revenue and profit growth.