SJI(SZ:000975) Xin Lang Cai Jing·2025-08-20 12:23Core Insights - The company held a performance briefing on August 20, 2025, attracting participation from 130 institutions, including BlackRock [1][5] - The company reported strong performance in the first half of 2025, with significant year-on-year growth in revenue and profit metrics [3] Financial Performance - The company achieved operating revenue of 924,564.50 million yuan, a year-on-year increase of 42.14% [3] - Operating profit reached 231,548.26 million yuan, up 48.14% year-on-year [3] - Net profit attributable to shareholders was 159,573.31 million yuan, reflecting a 48.43% increase compared to the previous year [3] Resource Expansion - The company made significant progress in resource expansion, adding 3.85 tons of gold metal with a grade of 5.79 grams per ton from exploration in Qinghai and Dong'an gold mines [3] - The acquisition of a 52.0709% stake in Yunnan Western Mining Co., Ltd. was completed, granting exploration rights over an area of 35.6 square kilometers [3] - The Osino project in Namibia is progressing well, with plans for plant construction to begin in Q4 2025 and production expected in the first half of 2027 [3][6] Production and Cost Management - The company anticipates a gold production target of 3.72 tons for the first half of 2025, with measures in place to recover production levels [6] - The cost of gold sales increased by 4.43 yuan per gram, a rise of 3.02% year-on-year, but is not expected to significantly impact operations [6] Strategic Planning - The company aims to enhance existing mine management and increase resource acquisition efforts as part of its strategic planning [6] - Future gold production growth is expected to come from the Osino project and other acquisition projects [6] Dividend Policy - The company is committed to maintaining a stable dividend policy as part of its shareholder return strategy [6]