Group 1 - The core viewpoint of the articles highlights the strong performance and market position of Shanjin International in the precious metals industry, with a notable increase in revenue and net profit in the latest quarterly report [1][2] - As of August 6, Shanjin International's stock closed at 18.79 yuan, reflecting a 1.40% increase, with a rolling PE ratio of 22.07 times and a total market capitalization of 52.175 billion yuan [1] - The company ranks third in the precious metals industry based on PE ratio, with the industry average at 35.18 times and the median at 33.02 times [1][2] Group 2 - Shanjin International's main business includes the mining and trading of precious and non-ferrous metals, with key products being alloy gold (including silver), lead concentrate (including silver), and zinc concentrate (including silver) [1] - The company has been included in the CSI 300 and Shenzhen 100 index samples for 2024, indicating its growing influence in the capital market [1] - In the first quarter of 2025, Shanjin International reported an operating income of 4.321 billion yuan, a year-on-year increase of 55.84%, and a net profit of 694 million yuan, up 37.91%, with a gross profit margin of 28.20% [1]

Group 1 - The core viewpoint of the news highlights that Shanjin International's stock price closed at 20.38 yuan, with a 3.50% increase, and a rolling PE ratio of 23.94 times, leading to a total market capitalization of 56.59 billion yuan [1] - In terms of industry PE ratio rankings, Shanjin International ranks 4th in the precious metals industry, which has an average PE ratio of 33.59 times and a median of 32.65 times [1] - The company experienced a net inflow of 37.44 million yuan in main funds on June 3, but had an overall outflow of 73.83 million yuan over the past five days [1] Group 2 - Shanjin International's main business includes the mining and trading of precious and non-ferrous metals, with key products being alloy gold (including silver), lead concentrate (including silver), and zinc concentrate (including silver) [1] - The company has gained significant influence in the capital market, being included in the CSI 300 and Shenzhen 100 index samples for 2024, and has received awards such as the "Top 100 Value Listed Companies" and "Top 100 Most Popular Listed Companies" [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating income of 4.32 billion yuan, a year-on-year increase of 55.84%, and a net profit of 694 million yuan, a year-on-year increase of 37.91%, with a sales gross margin of 28.20% [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [2][13]. Core Insights - The company reported a revenue of 2.013 billion yuan in 2024, a year-on-year decrease of 10.66%, while the net profit attributable to shareholders reached 390 million yuan, reflecting a significant increase of 163.56% [4][9]. - In Q1 2025, the company achieved a revenue of 353 million yuan, with net profit attributable to shareholders at 8 million yuan, marking year-on-year growth of 33.92% and 194.37% respectively [4][9]. - The growth in performance is primarily attributed to rising metal prices, completion of technical upgrades at the Jingshan mine, and compensation received from litigation [4][5]. - The average spot prices for silver, gold, lead, and zinc increased by 30.94%, 23.87%, 9.67%, and 8.18% respectively in 2024 [4][5]. Financial Performance Summary - The company’s production figures for silver, gold, lead, and zinc were 138,590 tons, 125 tons, 13,406 tons, and 24,368 tons respectively, showing a decline of 4.48%, 15.38%, 0.42%, and 1.84% year-on-year [5]. - The gross profit for 2024 was 986 million yuan, an increase of 35.53% year-on-year, with contributions from lead concentrate, zinc concentrate, and silver ingots [5][9]. - The company has been actively acquiring quality asset stakes, including the remaining 47% stake in Honglin Mining and 33% in its subsidiary Jingshan Mining, with a profit commitment of no less than 470 million yuan from 2025 to 2027 [5][6]. Growth Outlook - The Jingshan Mining subsidiary is expected to resume normal production in 2025, with an annual mining capacity of 480,000 tons, while Honglin Mining is projected to begin trial production in the second half of 2025 [6]. - Revenue projections for 2025, 2026, and 2027 are 2.749 billion yuan, 3.214 billion yuan, and 3.704 billion yuan respectively, with year-on-year growth rates of 36.56%, 16.91%, and 15.24% [6][9]. - The net profit attributable to shareholders is forecasted to be 601 million yuan, 778 million yuan, and 901 million yuan for the same years, reflecting growth rates of 54.05%, 29.41%, and 15.93% respectively [6][9].

4月14日，山金国际今日收盘20.85元，上涨4.09%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到26.64倍，总市值578.95亿元。 从行业市盈率排名来看，公司所处的贵金属行业市盈率平均36.07倍，行业中值32.75倍，山金国际排名 第5位。 截至2024年年报，共有675家机构持仓山金国际，其中基金666家、社保3家、其他3家、保险2家、券商1 家，合计持股数141656.25万股，持股市值217.73亿元。 山金国际黄金股份有限公司的主营业务是贵金属和有色金属矿采选及金属贸易。公司的主要产品是合质 金(含银)、铅精粉(含银)、锌精粉(含银)。公司在资本市场的影响力和重要性进一步提升。2024年，公司 入选沪深300和深证100指数样本。同时，公司荣获"第十八届主板上市公司价值百强奖"和"最具人气上 市公司TOP100"，彰显了公司在行业内的领先地位和良好的企业形象。 最新一期业绩显示，2024年年报，公司实现营业收入135.85亿元，同比67.60%；净利润21.73亿元，同 比52.57%，销售毛利率29.92%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)5山金国 ...