Inner Mongolia Xingye Silver & Tin Mining (000426) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of ¥4.27 billion in 2024, up 15.23% year-over-year, with net profit attributable to shareholders rising 57.82% to ¥1.53 billion.

• Main business remains nonferrous and precious metals mining and processing, with silver and tin as core products; segment expansion and resource integration continued.

• Major production increases: tin output up 14.58%, silver up 14.68%, zinc up 8.67%, and lead up 8.05% year-over-year.

• Completed acquisition of Yubang Mining, further strengthening resource base and global ranking in silver reserves.

Financial highlights

• Revenue: ¥4.27 billion, up 15.23% year-over-year; net profit attributable to shareholders: ¥1.53 billion, up 57.82%.

• Operating cash flow: ¥1.82 billion, up 3.75% year-over-year.

• Gross margin for mining segment: 62.98%, up 10.09 percentage points year-over-year.

• Basic and diluted EPS: ¥0.8350, up 58.26% year-over-year.

• Net assets attributable to shareholders: ¥7.90 billion, up 21.99% from prior year-end.

Outlook and guidance

• Strategic focus on expanding core silver and tin business, with ongoing international resource acquisitions and capacity upgrades.

• Plans to accelerate exploration and resource upgrades, especially in Inner Mongolia, Tibet, Xinjiang, and Yunnan.

• Emphasis on green mining, technological innovation, and safety management to support sustainable growth.

• 2025 profit distribution plan: cash dividend of ¥0.70 per 10 shares, total payout ¥124.29 million.