Lingbao Gold Group Company (3330) H2 2024 earnings summary

Executive summary

• Revenue increased 12.7% year-over-year to RMB11.87 billion, driven by higher gold prices and improved operational efficiency.

• Net profit surged 138% to RMB699 million, with basic EPS rising to RMB56.75 cents from RMB32.35 cents.

• Gross profit rose 50.7% to RMB1.46 billion, reflecting cost control and higher market prices.

• Mining and smelting segments both improved, with smelting turning from a loss to a profit.

Financial highlights

• Revenue: RMB11.87 billion (up 12.7% year-over-year).

• Net profit: RMB699 million (up 138% year-over-year).

• Gross profit: RMB1.46 billion (up 50.7% year-over-year).

• Basic and diluted EPS: RMB56.75 cents (up from RMB32.35 cents).

• Proposed final dividend: RMB0.08 per share (up from RMB0.065 per share).

Outlook and guidance

• Plans to accelerate internationalization and digital/green transformation.

• Aims to become a top-rated national and world-renowned gold mining enterprise.