Shen Zhen Shang Bao·2025-09-13 12:40Core Viewpoint - Shandong Gold has decided to terminate its plan to issue A-shares to specific investors and has applied to withdraw the related application documents, aiming to optimize its financing methods in light of the current capital market conditions and the recent successful H-share placement [1][3]. Group 1: Financing and Capital Market Activities - The decision to terminate the A-share issuance plan follows a three-year process that began with board meetings in June 2022, where the issuance plan was approved [3]. - The total investment for the gold resource development project at Shandong Gold Mining (Laizhou) Co., Ltd. is 8.273 billion yuan, with the A-share issuance intended to raise no more than 4.6 billion yuan [3]. - The company has successfully completed an H-share placement, raising approximately 3.892 billion HKD, which will be used to repay company debts [6]. Group 2: Financial Performance - In the first half of the year, Shandong Gold reported total operating revenue of 56.766 billion yuan, a year-on-year increase of 24.01%, and a net profit attributable to shareholders of 2.808 billion yuan, up 102.98% [6]. - As of June 30, the company had cash and cash equivalents of 12.523 billion yuan and short-term borrowings of 29.387 billion yuan, resulting in a debt-to-asset ratio of 63.11% [6]. Group 3: Future Plans - Shandong Gold's subsidiary, Shanjin International, plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange, considering the interests of existing shareholders and market conditions [7].