On June 30, 2024, Jihai Resources Group Limited (the "Company") announced its interim results for the year. The total gold production during the reporting period was approximately 453.7 kilograms, a decrease of about 4% compared to the same period last year. Revenue was approximately RMB 236,173,000, an increase of about 20.1% compared to the same period last year, mainly due to the increase in average selling price. Net profit was approximately RMB 78,867,000, an increase of about 49.5% compared to the same period last year, mainly due to the increase in selling price and interest income. Earnings per share were RMB 0.03, an increase of 50% compared to the same period last year. The board of directors declared an interim dividend of HKD 0.0295 per ordinary share, totaling approximately HKD 59,000,000, which...Show More

On June 30, 2024, Jihai Resources Group Limited (the "Company") announced its interim results for the year. The total gold production during the reporting period was approximately 453.7 kilograms, a decrease of about 4% compared to the same period last year. Revenue was approximately RMB 236,173,000, an increase of about 20.1% compared to the same period last year, mainly due to the increase in average selling price. Net profit was approximately RMB 78,867,000, an increase of about 49.5% compared to the same period last year, mainly due to the increase in selling price and interest income. Earnings per share were RMB 0.03, an increase of 50% compared to the same period last year. The board of directors declared an interim dividend of HKD 0.0295 per ordinary share, totaling approximately HKD 59,000,000, which will be paid on September 25, 2024. Market overview shows that due to economic and geopolitical uncertainties, as well as interest rate impacts, gold demand increased in the first half of 2024 and the global spot gold price rose. The Group continues to optimize its mines and has signed drilling contracts with independent third parties to increase gold reserves and extend mine life. In addition, the Company was listed on the Hong Kong Stock Exchange on December 22, 2023, receiving net proceeds of approximately HKD 218.3 million.