ZHONGJIN GOLD(SH:600489) Qi Lu Wan Bao·2025-07-24 04:48Core Viewpoint - The tragic accident at Zhongjin Gold's subsidiary resulted in the death of six students and injury to one teacher during a field trip to a copper-molybdenum mine, raising serious concerns about safety protocols and emergency response measures [1][3]. Group 1: Incident Details - On July 23, six students fell into a flotation tank due to a grid plate falling off during a visit to the flotation process at the mine [1]. - All six students were confirmed dead after rescue efforts, and one teacher sustained injuries [1]. - The company expressed deep condolences for the victims and their families, and acknowledged the social impact of the incident [3]. Group 2: Company Response - Following the incident, the company's leadership prioritized the situation, activating emergency plans and reporting to local government authorities [3]. - The company held a safety production committee meeting just 13 days prior to the accident, emphasizing the importance of safety in operations [3][6]. Group 3: Safety Measures and Company Background - Zhongjin Gold's subsidiary, China Gold Inner Mongolia Mining Co., has a history of emphasizing safety, with a goal of achieving zero accidents in 2024 [9]. - The company was established in 2005 with a registered capital of 400 million RMB and is a state-owned enterprise [10]. - Zhongjin Gold, listed in 2003, is recognized as the first publicly traded gold mining company in China [10]. Group 4: Financial Performance - In 2024, Zhongjin Gold reported a revenue of 65.56 billion RMB, a year-on-year increase of 7.01%, and a net profit of 3.39 billion RMB, up 13.71% from the previous year [11]. - The company anticipates a significant increase in net profit for the first half of 2025, projecting between 2.61 billion to 2.88 billion RMB, representing a year-on-year growth of 50%-65% [11]. Group 5: Market Reaction - As of July 24, 2025, Zhongjin Gold's stock price was reported at 15.10 RMB, reflecting a decline of 4.97% [12].