CHIFENG GOLD(600988) 华安证券·2025-01-21 03:06Investment Rating - The report maintains a "Buy" rating for Chifeng Jilong Gold Mining Co., Ltd. [8] Core Views - Chifeng Jilong Gold expects a significant increase in net profit for 2024, projecting a range of 1.73 billion to 1.8 billion yuan, representing a year-on-year growth of 115.19% to 123.90% [5] - The increase in profit is attributed to rising gold prices, increased sales volume, and cost control measures [5] - The average gold price in 2024 is expected to be 557.07 yuan per gram, a year-on-year increase of 28.9% [6] - The company is advancing key mining projects, which are expected to enhance gold production [7] Financial Summary - For 2024, the company forecasts revenue of 9.583 billion yuan, a year-on-year increase of 32.7% [12] - The projected net profit for 2025 is 2.17 billion yuan, with a year-on-year growth of 23.2% [12] - The gross profit margin is expected to rise to 41.5% in 2024 [12] - The return on equity (ROE) is projected to be 23.3% in 2024 [12] - Earnings per share (EPS) is expected to reach 1.06 yuan in 2024 [12]