Sou Hu Cai Jing·2025-05-18 03:27Group 1 - Gold mining companies reported strong performance in Q1, benefiting from rising gold prices [1][2] - Zijin Mining achieved revenue of 78.928 billion yuan, a 5.55% increase year-on-year, and a net profit of approximately 10.167 billion yuan, up 62.39% [1] - Shandong Gold's Q1 revenue was 25.935 billion yuan, a 36.81% increase, with a net profit of 1.026 billion yuan, up 46.62% [1] - Zhongjin Gold reported Q1 revenue of 14.859 billion yuan, a 12.88% increase, and a net profit of 1.038 billion yuan, up 32.65% [1] - Hunan Gold's Q1 revenue reached 13.121 billion yuan, a 67.83% increase, with a net profit of 0.332 billion yuan, up 104.63% [1] - Shanjin International reported Q1 revenue of 4.321 billion yuan, a 55.84% increase, and a net profit of 0.694 billion yuan, up 37.91% [1] Group 2 - Chifeng Gold reported Q1 revenue of 2.407 billion yuan, a 29.85% increase, with a net profit of 0.483 billion yuan, up 141.1% [2] - Overall, gold mining companies showed strong revenue and net profit growth, driven by rising gold prices and operational advantages [2] - Gold prices have experienced volatility, with a significant drop from around 3430 USD/oz to approximately 3200 USD/oz [2] - The decline in gold prices adds uncertainty to Q2 performance, with institutions noting short-term pressure on gold prices [2][3] - Long-term perspectives suggest that despite short-term fluctuations, factors such as declining dollar credit and increased central bank gold purchases may support gold prices [3]