Chang Jiang Shang Bao·2025-12-10 23:44Core Viewpoint - Shandong Gold is increasing its investment in Hainan to capitalize on the opportunities presented by the Hainan Free Trade Port policy, with a planned investment of 1.4 billion yuan in its subsidiary Hainan Shengwei to enhance its operational capabilities and support project development in the region [1][2][4]. Investment and Strategic Moves - On December 8, Shandong Gold's board approved a proposal for its subsidiary, Shanjin International, to invest 1.4 billion yuan in Hainan Shengwei, which will be fully allocated to capital reserves without increasing registered capital [2][4]. - Hainan Shengwei, established on December 14, 2023, has a registered capital of 500 million yuan and focuses on trade, including the import and export of goods and sales of metal ores and precious metals [2][3]. Financial Performance - In the first three quarters of 2025, Shandong Gold reported a net profit of 3.956 billion yuan, a year-on-year increase of over 90%, with total revenue reaching 83.783 billion yuan, marking a 25.04% growth [7][8]. - The company's overseas revenue surged to 6.734 billion yuan in the first half of 2025, a 126.20% increase compared to the same period the previous year, accounting for 11.86% of total revenue [5][7]. Historical Context and Future Outlook - Shandong Gold has been strategically investing in Hainan since 2009, with significant developments including the establishment of Hainan Shanjin Mining Co., Ltd. and the approval of its subsidiary as a cross-border capital operation center in May 2025 [1][4]. - The company aims to reduce Hainan Shengwei's debt ratio and enhance its financial strength and operational capacity through this new investment [4][5].