SJI(SZ:000975) 智通财经网·2025-09-24 12:34Core Viewpoint - Shanjin International Gold Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities, CICC, and UBS as joint sponsors. The company is already listed on the Shenzhen Stock Exchange [1]. Company Overview - Shanjin International is one of China's leading gold producers, engaged in the exploration, mining, and trading of gold, silver, lead, and zinc [4]. - The company ranks sixth among Chinese gold producers in terms of gold production and fourth in gold reserves. Its gold resource volume has significantly increased, reaching 284.6 tons as of June 30, 2025, nearly doubling from 146.7 tons as of December 31, 2023 [4]. Financial Performance - For the fiscal years ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately CNY 83.73 billion, CNY 80.95 billion, CNY 135.8 billion, and CNY 92.41 billion, respectively. Corresponding profits were CNY 12.47 billion, CNY 15.66 billion, CNY 24.38 billion, and CNY 17.73 billion [5][6]. Cost Efficiency - The all-in sustaining cost of gold production for the year ending December 31, 2024, is projected to be USD 683.5 per ounce, placing it in the top 10% of global gold mining cost curves, compared to the global average of USD 1,438.1 per ounce [4]. Mining Projects - Key projects include the Qinghai Dachaidan fine crystal valley open-pit expansion, expected to be operational by 2028, and the Mangshi Huasheng gold mine, anticipated to yield 1.9 tons of gold annually upon completion. The Gemini Mountain mine in Namibia is projected to produce 5.1 tons of gold annually after it becomes operational [5].