SD Gold (01787) announced that based on preliminary calculations, it is expected to achieve a net income attributable to the owners of the parent company of RMB 1.85 billion to RMB 2.25 billion in the first to third quarters of 2024, an increase of RMB 0.505 billion to RMB 0.905 billion compared to the same period last year, a year-on-year increase of 37.52% to 67.26%. It is expected that the net income attributable to the owners of the parent company after deducting non-recurring gains and losses in the first to third quarters of 2024 will be RMB 1.877 billion to RMB 2.277 billion, an increase of RMB 0.597 billion to RMB 0.997 billion compared to the same period last year, a year-on-year increase of 46.68% to 77.93%.

The announcement stated that in the first to third quarters of 2024, the company reinforced the role of global strategy, highlighted the strengthening of production organization, continuously optimized production layout, enhanced technology management and technological innovation, increased production operation rate, and resource utilization rate; continued to deepen cost reduction and efficiency improvement, by means of technology innovation, process optimization, asset revitalization, centralized procurement, policy efficiency creation, etc., to enhance the level of refined management, improve operational efficiency, and stabilize production costs; at the same time, the continuous upward trend in gold prices in the first to third quarters of 2024 and the acquisition of SD Gold International (known as 'Yintai Gold') also drove the company's profit growth.