Zhaojin Mining Industry (HKG:1818) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥11.6b (up 37% from FY 2023).
- Net income: CN¥1.45b (up 111% from FY 2023).
- Profit margin: 13% (up from 8.1% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.43 (up from CN¥0.21 in FY 2023).
1818 Production and Reserves
Gold- Production: 850.38 troy koz (793.63 troy koz in FY 2023)
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhaojin Mining Industry Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 16%.
The primary driver behind last 12 months revenue was the Gold Operations segment contributing a total revenue of CN¥10.7b (93% of total revenue). Notably, cost of sales worth CN¥7.04b amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥1.49b (49% of total expenses). Explore how 1818's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Metals and Mining industry in Hong Kong.
Performance of the Hong Kong Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Zhaojin Mining Industry that you should be aware of before investing here.
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