In-depth analysis of Sinomine Resources' third quarter financial report for 2024

From January to September 2024, China Mining Resources achieved operating income of 3.569 billion yuan, a year-on-year decrease of 28.7%, gross profit margin dropped to 35.5%, and net profit margin (excluding non-recurring items) was 415 million yuan, a year-on-year decrease of 79.5%. Period expenses totaled 658 million yuan, a year-on-year increase of 0.8%. Sales expenses decreased by 61.0%, financial expenses increased by 71.6%, and R&D expenses decreased by 33.0%. Net cash flow from operating activities was -168 million yuan. Loss in the third quarter 2024Q3 revenue was 1.148 billion yuan, a month-on-month decrease of 11.4% and a year-on-year decrease of 18.2%.