IPO研究｜预计2030年全球黄金供应量增长到1.74亿盎司

Core Insights - Shanjin International Gold Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with joint sponsors including CITIC Securities, CICC, and UBS [2] - The company is recognized as one of the most profitable gold producers in China, leading in gross margin and cost efficiency in gold mining [2] - Global gold demand is projected to reach 178.7 million ounces by 2030, with a compound annual growth rate (CAGR) of 3.2% from 2024 to 2030, driven by its status as an inflation hedge and safe-haven asset [2] - China's gold demand is expected to grow at a CAGR of 1.1% from 2024 to 2030, primarily fueled by investment-related demand [2] Industry Overview - From 2020 to 2024, global gold reserves increased from 1,607.5 million ounces to 2,057.6 million ounces, while China's reserves rose from 64.3 million ounces to 99.7 million ounces [3] - The increase in global gold supply is attributed to rising gold prices, with expectations for supply to grow from 160.4 million ounces in 2024 to 173.8 million ounces by 2030 [3][6] - Advancements in mining technology and operational efficiency are anticipated to boost gold production, with global and Chinese gold production expected to rise from 118.1 million ounces and 12.1 million ounces in 2024 to 124.1 million ounces and 12.7 million ounces by 2030 [6]