HK Stock Market Move | Chifeng Jilong Gold Mining (06693) rose by over 5% after its performance report. Annual net profit attributable to shareholders increased by over 1.19 times year-on-year. The significant growth in performance benefited from the simultaneous increase in gold quantity and price.

Chifeng Jilong Gold Mining (06693) rose by more than 5% after its performance report, reaching an increase of 5.38% as of the time of writing, with a price of HK$16.06 and a trading volume of HK$61.3312 million. On the news front, on March 28th, Chifeng Jilong Gold Mining released its 2024 annual report, with an operating income of 9.026 billion yuan, an increase of 24.99% year-on-year; a net profit attributable to shareholders of 1.764 billion yuan, an increase of 119.46% year-on-year; and basic earnings per share of 1.07 yuan. In 2024, the company achieved a gold production of 15.16 tons, a year-on-year increase of 5.60%, with domestic mines contributing 3.91 tons, an increase of 14.6% year-on-year, showing outstanding growth; while overseas mines contributed 11.25 tons, continuing to play a core supporting role. The company achieved a net profit attributable to shareholders of 1.764 billion yuan, an increase of 119.46% year-on-year, a free cash flow of 1.749 billion yuan, an increase of 279.22% year-on-year; and a net cash flow from operating activities of 3.268 billion yuan, an increase of 48.34% year-on-year. Huachuang Securities released a research report pointing out that the company's performance significantly increased benefiting from the rise in both gold production and price. In 2024, domestic gold prices increased by 24% year-on-year, with the average price of gold in the fourth quarter being 615 yuan/gram, an increase of 30.6% year-on-year and 7.9% month-on-month. The company achieved a gold sales volume of 15.22 tons throughout the year, a year-on-year increase of 4.88%, benefiting from the rise in both mineral production and gold price. The company's operating income for the year was 9.026 billion yuan, an increase of 24.99% year-on-year; net profit attributable to shareholders was 1.764 billion yuan, an increase of 119.46% year-on-year. In the fourth quarter, the company achieved an operating income of 2.803 billion yuan, an increase of 29.85% year-on-year and 38.3% month-on-month; net profit attributable to shareholders was 659 million yuan, an increase of 132.05% year-on-year and 67.02% month-on-month. The core net profit attributable to shareholders came from Jilong Mining (including 400 million yuan in dividends from Wulong Mining totaling 790 million yuan, an increase of 46%), Wulong Gold (600 million yuan, an increase of 78%), Wanxiang Mining (490 million yuan, an increase of 89%), and Venus Resources (130 million yuan, an increase of 1771%).