CGAU Latest Report

Financial Performance

Based on the financial data provided by Centerra Gold (CGAU), the total operating revenue for December 31, 2024 was RMB302,387,000, a decrease of approximately 11.06% from RMB339,957,000 in 2023. This data reflects the company's poor revenue performance in the past year, possibly affected by various factors.

Key Financial Data

1. Decline in Operating Revenue: The operating revenue for 2024 was RMB302,387,000, a decrease of approximately 11.06% from RMB339,957,000 in 2023.

2. Increase in Sales Costs: The sales costs for 2024 were RMB190,551,000, an increase of approximately 18% from RMB161,336,000 in 2023.

3. Significant Increase in Operating Expenses: The operating expenses for 2024 were RMB151,474,000, a significant increase from RMB78,699,000 in 2023, with an increase of nearly 92%.

4. Intensified Industry Competition: The intensified competition in the gold mining industry may affect Centerra Gold's market share and revenue performance.

Peer Comparison

1. Industry-wide Analysis: The global gold mining industry faced pressure on overall operating revenue due to gold price fluctuations and economic uncertainty in 2024. Although gold demand grew by 5% in the third quarter, the industry as a whole was affected by market volatility, leading to poor revenue performance for many companies.

2. Peer Evaluation Analysis: Centerra Gold's decline in operating revenue is particularly pronounced within the industry, possibly reflecting its disadvantages in market competition and internal management. Compared with other companies, Centerra Gold's performance in market demand changes and cost control needs attention.

Summary

Centerra Gold (CGAU)'s decline in operating revenue is mainly affected by changes in market demand, rising production costs, operational efficiency issues, and intensified industry competition. Although there are signs of recovery in the gold mining industry as a whole, Centerra Gold's performance is relatively weak and requires improvement in its market competitiveness and internal management efficiency.

Opportunities

1. Cost Advantage: Centerra Gold's all-in sustaining costs (AISC) are US$1,125 per ounce, lower than the industry average of US$1,345, which may provide the company with some profit margin.

2. Market Recovery: With the gradual recovery of the global economy, the demand for gold mining may rebound, bringing new revenue opportunities for Centerra Gold.

3. Strategic Adjustment: The company can improve its revenue performance by optimizing management and marketing strategies and enhancing operational efficiency.

Risks

1. Gold Price Volatility: High gold prices lead to a strong consumer wait-and-see sentiment, which may further suppress sales and affect operating revenue.

2. Intensified Industry Competition: Intensified competition in the gold mining industry may lead to a decline in market share and affect revenue.

3. Rising Cost Pressure: With increasing production costs, there may be pressure on the company's profitability.