ZHONGJIN GOLD(SH:600489) Hua Xia Shi Bao·2025-09-13 01:54Core Viewpoint - The recovery of production at a key subsidiary of Zhongjin Gold Corporation coincides with a surge in gold prices, presenting a favorable outlook for the company [2][7]. Group 1: Company Performance - Zhongjin Gold reported a 22.90% year-on-year increase in revenue for the first half of the year, amounting to 35.067 billion yuan [3]. - The net profit attributable to shareholders rose by 54.64% year-on-year, reaching 2.695 billion yuan [3]. - The company produced 9.13 tons of mined gold and 19.32 tons of refined gold in the first half of the year [3]. Group 2: Subsidiary Operations - The Inner Mongolia Mining Company, a core subsidiary of Zhongjin Gold, has resumed production after a shutdown due to a safety incident lasting less than two months [2][4]. - The subsidiary generated 3.092 billion yuan in revenue and 1.299 billion yuan in net profit during the first half of the year [4]. Group 3: Market Trends - The gold sector has seen a continuous rise, with a 9.63% increase over the past month, contributing to investor interest [6]. - Gold prices have surged significantly, with the London spot gold price reaching 3,287.45 USD per ounce by the end of June, an increase of over 20% since the beginning of the year [7]. - UBS has raised its gold price targets for the end of 2025 and mid-2026 to 3,800 USD and 3,900 USD per ounce, respectively, citing expectations of a more accommodative monetary policy from the Federal Reserve [8].