Jinduicheng Molybdenum (601958) H2 2024 earnings summary

Executive summary

• Revenue reached RMB 13.56 billion, up 17.55% year-over-year, while net profit attributable to shareholders declined 3.18% to RMB 3.00 billion.

• Operating profit decreased 2.47% year-over-year to RMB 4.03 billion.

Financial highlights

• Total assets increased 12.77% year-over-year to RMB 20.63 billion.

• Shareholders' equity rose 11.12% to RMB 17.02 billion.

• Basic EPS was RMB 0.93, down from RMB 0.961 year-over-year.

• Net asset per share increased 10.95% to RMB 5.27.

Outlook and guidance

• Focus remains on quality improvement, market expansion, and cost control to drive future performance.