Summary by Moomoo AI
CITIC METAL CO., LTD., AS A SUBSIDIARY OF CHINA CITIC CORPORATION, LTD., ISSUED ITS FIRST QUARTER REPORT FOR 2024 ON APRIL 22, 2024. The report showed that, unaudited, the company's operating income for the reporting period was $26,831,643,746.72, down 3.25% from the same period last year. Net profit attributable to shareholders of listed companies fell sharply by 71.49% to $154,753,847.05. Basic earnings per share were $0.0316, down 74.41%. The report pointed out that the decline in net profit was mainly due to higher share prices in the mining division of its flagship conglomerate Eiffenhaw and weak demand in the black metal industry. The company's total assets increased 8.24% year-on-year to $48,153,773,079.60. At the end of the reporting period, CITIC Metal Group Limited had a shareholding ratio of 89.71%, making it the largest shareholder. During the reporting period, the Company did not deposit, subscribe or freeze shares. The Board of Directors is legally responsible for the truthfulness, accuracy and completeness of the reported content.