今日晚间，金石资源发布三季报，前三季度公司实现营业收入18.30亿元，同比增长58.50%，归属于上市公司股东的净利润2.50亿元，同比增长1.70%。分季度看，公司今年开局强势，在传统淡季Q1归母净利润同比增近75%，进入Q2形势开始变化，在主要矿山停产的不利影响下，单季度归母净利润同比增幅降至16.57%，到第三季度，多种不利因素一起爆发，导致其传统旺季Q3业绩不增反降，单季度归母净利润同比下滑30.88%，环比亦缩水22.7%。1. During the peak season, the company's Q3 net income attributable to shareholders was less than 83 million yuan; 2. The net profit growth rate of the company has declined each quarter, far from the target set by institutions; 3. The main reasons for the decline in profitability are the suspension of mining operations and the downturn in the market for new products like lithium carbonate; 4. The company is optimistic about Q4 expectations, expecting an increase in sales volume and prices compared to the previous period.
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On October 28, Financial Association News (Reporter Luo Yichen) Following a significant slowdown in net profit growth in the semi-annual report, China Kings Resources (603505.SH) experienced a further decline in Q3 performance, moving further away from the growth target set by brokerage institutions. Although the performance growth is under pressure, the company's management team, unlike the tradition of distributing dividends in the annual report, plans to distribute dividends for the third quarter, distributing a cash dividend of 1 yuan (tax included) per 10 shares, with an estimated total amount not exceeding 60 million yuan.
Tonight, China Kings Resources released its third-quarter report, achieving revenue of 1.83 billion yuan in the first three quarters of the year, a year-on-year increase of 58.50%, with net profit attributable to the company's shareholders reaching 0.25 billion yuan, a year-on-year increase of 1.70%. Looking at each quarter, the company started the year strong, with a nearly 75% year-on-year increase in net income attributable to shareholders in the traditional off-season Q1. The situation changed in Q2, as the impact of main mining suspensions led to a 16.57% decrease in net income attributable to shareholders in a single quarter. By the third quarter, various unfavorable factors erupted, resulting in a decrease in performance during the traditional peak season Q3 instead of growth, with a 30.88% year-on-year decline in net income attributable to shareholders for the single quarter, also a 22.7% decrease compared to the previous quarter.
Regarding the profit decline in Q3, the company stated in the financial report that during this reporting period, the lithium carbonate market downturn caused the Jiangxi Jinling Tailings Lithium Extraction Project to be basically unprofitable. In the same period last year, this project had contributed 18 million yuan in net profit attributable to shareholders. In addition, the halt in production at Changshan Kings Resources also dragged down Q3 performance. Coupled with some minor technical upgrades at certain self-owned mines during the reporting period, the output and sales volume of self-produced fluorite concentrate at a single mine decreased.
In recent years, China Kings Resources has accelerated its diversification efforts. In addition to traditional fluorite business, it has successively developed new businesses such as hydrofluoric acid and lithium carbonate, demonstrating certain cost advantages. In this context, the market had high expectations for its performance this year, with many brokerage institutions once predicting year-on-year revenue and net profit growth rates of around 97% and 84%, respectively. After the impact of the semi-annual report, brokerage institutions have successively lowered profit forecasts, but the net profit growth target given is still as high as 46.94%.
Although the performance growth rate was volatile in the first three quarters, the company remains optimistic about the final quarter. In its third-quarter report, it stated that it expects the production and sales volume of related products in the fourth quarter to increase compared to the third quarter. In addition, it anticipates a significant increase in the price of fluorite powder in Q4 compared to the third quarter. Market data shows that in the fourth quarter, with mining restrictions and traditional peak season factors in play, the price of 97% wet fluorite powder rebounded from its lows in September, with mainstream ex-factory prices rising to 3300-3650 yuan/ton, up by 3% to 14%.
