CTM(SH:600711) Chang Jiang Shang Bao·2025-11-18 00:08Core Viewpoint - The company Shengtun Mining (600711.SH) is significantly increasing its investment in the gold business, with plans to invest approximately 14.23 billion RMB through its wholly-owned subsidiary in Hong Kong, Hongsheng International Resources Limited [1][4]. Investment Strategy - Shengtun Mining announced plans to establish a new subsidiary, Shengtun Gold Holdings Limited, to enhance its gold business [4]. - The company is also set to acquire a Canadian company for approximately 13.5 billion RMB to gain access to a gold mine in the Democratic Republic of the Congo [2][6]. Financial Performance - In 2024, Shengtun Mining is projected to achieve a net profit of around 2 billion RMB, marking a year-on-year increase of approximately 6.6 times [2]. - For the first three quarters of 2025, the company reported a net profit of about 1.7 billion RMB, remaining stable compared to the previous year [2][10]. Market Performance - Since the beginning of 2025, Shengtun Mining's stock price has increased by approximately 168% [3][10]. - The stock price rose from 4.82 RMB per share at the start of the year to 12.91 RMB per share by November 17, 2025 [10]. Resource Acquisition - The company has been actively acquiring resources since 2011, significantly expanding its asset base from 1.859 billion RMB in 2011 to 41.753 billion RMB by September 2025 [9][10]. - Shengtun Mining's acquisitions have focused on energy metals and other resources, enhancing its competitive edge in the market [8][10].