SD-GOLD(600547) 证券时报网·2025-03-28 00:52Core Insights - Shandong Gold reported record-high revenue and net profit for 2024, with revenue reaching 82.518 billion yuan, a year-on-year increase of 39.21%, and net profit attributable to shareholders of 2.991 billion yuan, up 35.15% [1] - The company significantly increased its cash dividend to 1.02 billion yuan, representing 40.05% of the net profit after deducting perpetual bond interest [1] - The company achieved a gold production of 46.17 tons, an increase of 10.51% year-on-year, maintaining its position as the largest gold producer among listed companies in China [1] Resource Expansion and Acquisition - The company invested 590 million yuan in exploration, completing 570,000 meters of exploration work and adding 58.8 tons of new gold resources [2] - Successful acquisitions included the exploration rights for the Daqiao gold mine and a 70% stake in Baotou Changtai Mining, along with the integration of mining rights for the Sanshan Island gold mine [2] - The total new gold resources acquired through these mergers amounted to 765 tons, bringing the total gold resource reserves to 2,058.46 tons by the end of 2024 [2] Project Development and Future Outlook - Shandong Gold is accelerating resource integration and advancing key construction projects, including the Sanshan Island and Jiao Jia gold mines [3] - The company has obtained a mining license for 4.95 million tons per year for the integrated Sanshan Island gold mine, with ongoing construction and approvals for further development [3] - Future growth is anticipated with the continued integration of mining rights in the Jiaodong region and the expected production increase from the recovery of the Linglong gold mine and the commissioning of the Katino mine [3]