SJI(SZ:000975) Sou Hu Cai Jing·2025-09-26 01:44Core Viewpoint - Shandong Gold International Mining Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, highlighting its strong profitability and cost-effectiveness in gold production, with significant growth in gold resources and production capacity [2][3]. Company Overview - Shandong Gold International is a leading gold producer in China, engaged in the exploration, mining, and trading of gold, silver, lead, and zinc [2]. - The company ranks sixth among Chinese gold producers in terms of gold output and fourth in gold reserves [2]. Financial Performance - The company's revenues for 2022, 2023, and 2024 are reported as 8.373 billion RMB, 8.095 billion RMB, and 13.58 billion RMB, respectively, with profits of 1.247 billion RMB, 1.566 billion RMB, and 2.438 billion RMB [3][4]. - In the first half of 2025, Shandong Gold International achieved revenues of 9.241 billion RMB, a year-on-year increase of 42.16%, and profits of 1.773 billion RMB, up 47.64% [3]. Cost Efficiency - The all-in sustaining cost of gold production for the year ending December 31, 2024, is projected to be 683.5 USD per ounce, placing it in the top 10% globally, compared to the global average of 1,438.1 USD per ounce [2]. Resource Growth - As of June 30, 2025, the company's gold resource volume is expected to reach 284.6 tons (9,150.6 thousand ounces), nearly doubling from 146.7 tons (4,715.3 thousand ounces) as of December 31, 2023 [2]. Shareholding Structure - Shandong Gold Mining holds 802 million A-shares, accounting for approximately 28.89% of the company's issued share capital, making it the controlling shareholder [5].