ZHONGJIN GOLD(SH:600489) Zheng Quan Zhi Xing·2025-08-29 22:42Core Insights - The company Zhongjin Gold (600489) reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 35.067 billion yuan, up 22.9% year-on-year, and net profit attributable to shareholders at 2.695 billion yuan, up 54.64% [1] Financial Performance - Total revenue for Q2 2025 was 20.208 billion yuan, reflecting a year-on-year increase of 31.49% - Net profit for Q2 2025 was 1.656 billion yuan, showing a substantial year-on-year increase of 72.57% - Gross margin improved to 18.63%, up 12.71% year-on-year, while net margin increased to 9.66%, up 29.37% year-on-year [1] - The total of selling, administrative, and financial expenses was 1.159 billion yuan, accounting for 3.31% of revenue, a decrease of 16.34% year-on-year [1] - Earnings per share (EPS) rose to 0.56 yuan, an increase of 55.56% year-on-year, while operating cash flow per share improved to 0.02 yuan, up 117.82% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased to 10.646 billion yuan, up 20.41% year-on-year - Accounts receivable surged to 922 million yuan, a dramatic increase of 239.88% year-on-year - Interest-bearing debt rose to 18.594 billion yuan, a 5.48% increase year-on-year [1] Investment Sentiment - Analysts expect the company's performance for 2025 to reach 5.417 billion yuan, with an average EPS forecast of 1.12 yuan [3] - The company is held by two prominent fund managers, with recent increases in their positions, indicating positive sentiment towards the stock [3] Fund Holdings - Notable funds holding Zhongjin Gold include: - China Europe Dividend Advantage Mixed A: 28.455 million shares, newly entered the top ten - Yongying CSI Hong Kong and Shanghai Gold Industry Stock ETF: 26.266 million shares, increased holdings - Dachen New Industry Mixed A: 23.849 million shares, increased holdings [4]