Zhaoyin Mining announced its performance for the first half of 2024, with revenue and net profit increasing by 34.24% and 98.82% respectively. Among them, the revenue was approximately RMB 4.627 billion and the net profit was approximately RMB 726 million. The attributable net profit to the parent company's shareholders was approximately RMB 553 million, an increase of 118.62% year-on-year. The basic and diluted earnings per share were approximately RMB 0.12, an increase of 200% year-on-year. The Board of Directors does not recommend the distribution of interim dividends. In addition, Zhaoyin Mining completed the tender offer for all the shares of Tietto, strengthening the company's layout in the West African mining market. The company also issued multiple short-term commercial papers and medium-term...Show More

Zhaoyin Mining announced its performance for the first half of 2024, with revenue and net profit increasing by 34.24% and 98.82% respectively. Among them, the revenue was approximately RMB 4.627 billion and the net profit was approximately RMB 726 million. The attributable net profit to the parent company's shareholders was approximately RMB 553 million, an increase of 118.62% year-on-year. The basic and diluted earnings per share were approximately RMB 0.12, an increase of 200% year-on-year. The Board of Directors does not recommend the distribution of interim dividends. In addition, Zhaoyin Mining completed the tender offer for all the shares of Tietto, strengthening the company's layout in the West African mining market. The company also issued multiple short-term commercial papers and medium-term notes to repay interest-bearing debts. The company's shareholders' meeting approved multiple resolutions, including the issuance of commercial papers and bonds, as well as the amendment of the company's articles of association. The company also signed a technical service framework agreement with related parties, constituting a continuous related party transaction.