Huan Qiu Lao Hu Cai Jing·2025-06-20 11:39Group 1 - The core objective of Shandong Gold's subsidiary, Shanjin International, is to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and accelerate overseas business development [1] - Shanjin International aims to optimize its capital structure and shareholder composition while expanding diversified financing channels and improving corporate governance and core competitiveness [1] - The company was previously known as Wujing Power and underwent several ownership changes before being acquired by Shandong Gold for nearly 13 billion yuan in July 2023, with Shandong Gold holding 28.89% of its shares [1] Group 2 - Shanjin International currently operates six mining enterprises, including gold and silver mines, with a projected gold production of 8.04 tons in 2024, representing a 14.69% year-on-year increase [2] - The company ranks sixth among gold mining listed companies in China for gold production in 2023 and has a high gross margin of approximately 61% [2] - For 2024, Shanjin International expects to achieve a revenue of about 135.85 billion yuan, a 67.6% increase year-on-year, and a net profit of approximately 21.73 billion yuan, a 52.57% increase [2] - In Q1 of this year, the company reported a revenue of about 43.21 billion yuan, a 55.84% increase year-on-year, and a net profit of approximately 6.94 billion yuan, a 37.91% increase, marking a record high for a single quarter [2]