Zhongjin Gold Corp. (600489) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for Q3 2024 rose 29.24% year-over-year to ¥900.48 million, with a nine-month total of ¥2.64 billion, up 27.55% year-over-year.

• Revenue for Q3 2024 reached ¥17.51 billion, up 9.20% year-over-year; nine-month revenue was ¥46.04 billion, up 1.08% year-over-year.

• Excluding non-recurring items, net profit for Q3 increased 39.47% year-over-year, mainly due to higher gold and copper prices.

Financial highlights

• Basic and diluted EPS for Q3 2024 were ¥0.19, up 26.67% year-over-year; nine-month EPS was ¥0.55, up 27.91%.

• Operating cash flow for the nine months was ¥2.46 billion, down 9.13% year-over-year.

• Total assets at quarter-end were ¥55.58 billion, up 5.50% from the previous year-end.

• Shareholders' equity reached ¥26.66 billion, up 2.90% from the previous year-end.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 3.41%, up 0.56 percentage points year-over-year; nine-month ROE was 9.93%, up 1.57 percentage points.