Zhaojin Mining Industry Co Class H ( (ZHAOF) ) has released its Q4 earnings. Here is a breakdown of the information Zhaojin Mining Industry Co Class H presented to its investors.
Zhaojin Mining Industry Co., a leading player in the gold mining and smelting sector, has reported significant growth in its financial performance for the year ending December 31, 2024. The company, which operates primarily in China, has seen a substantial increase in revenue and net profit, driven by higher gold prices and increased production and sales volumes. Key financial highlights include a 37.12% rise in revenue to approximately RMB11.55 billion and a 120.81% increase in net profit to approximately RMB1.85 billion. Earnings per share also saw a notable rise, with both basic and diluted earnings per share increasing by 150% to RMB0.35. Looking forward, the company remains optimistic about its financial health, supported by its strong cash flow projections and available banking facilities, ensuring sufficient working capital for the coming year.