SJI(SZ:000975)2024-08-26 11:54Group 1: Company Overview - The company produced 4.16 tons of gold and sold 4.41 tons in the first half of 2024, achieving revenue of 6.505 billion yuan and a net profit of 1.075 billion yuan, representing a year-on-year growth of 46.35% [3] - As of June 30, 2024, the company had total assets of 16.154 billion yuan and net assets of 11.862 billion yuan, with a debt-to-asset ratio of 15.48% [3] Group 2: Production and Sales Performance - The production and sales figures for the three operating gold mines in the first half of 2024 are as follows: - Heihe Luoke: 1.24 tons produced, 1.18 tons sold - Qinghai Dachaidan: 1.77 tons produced, 2.06 tons sold - Jilin Banjiaozi: 1.15 tons produced, 1.17 tons sold - Total: 4.16 tons produced, 4.41 tons sold [3] Group 3: Financial Performance - The average selling price for gold in the first half of 2024 was 514.7 yuan per gram, while the average selling price for silver was 5 yuan per gram (excluding processing fees and VAT) [3] - The company reported an investment loss of 136 million yuan in the first half of 2024 due to hedging operations based on annual production and sales forecasts [3] Group 4: Project Updates - The company is progressing with the acquisition of Osino Resources Corp., with the delivery scheduled for August 29, 2024, and plans to start construction of the Twinhills project, expected to commence production in early 2027 [4] - The company is also working on the resumption of operations at the Huasheng Gold Mine and will disclose updates as they progress [4] Group 5: Shareholder Actions - Major shareholder Wang Shui plans to reduce his holdings by up to 60 million shares (2.16% of total shares) within three months from June 4, 2024, and has already reduced his holdings by 38,338,936 shares (1.38% of total shares) [4]