ZHONGJIN GOLD(SH:600489)2022-11-19 03:22Group 1: Company Performance and Production Capacity - The Jiangxi Jinshan expansion project has a production capacity of 3,000 tons per day, with an annual processing capacity of 1 million tons and an annual gold output of approximately 1.3 tons [1] - The company’s molybdenum resources are estimated at 66,000 tons, with a production of 5,860 tons in 2021; the Zhongyuan smelter produced nearly 1.5 million tons of sulfuric acid in 2021 [2] - The company's copper sales volume decreased by nearly 18% in 2021 due to transportation issues caused by the pandemic [2] Group 2: Resource and Market Position - The company's gold and copper equity reserves account for approximately 75% of total reserves [2] - The company has unique advantages in resource potential, technological research and development, talent resources, and collaborative platforms [2] - The company’s production mines are primarily located in key mineralization areas across the country, providing significant resource acquisition advantages [2] Group 3: Shareholder Engagement and Market Strategy - The company is considering a share buyback plan to boost market confidence amid low stock prices [3] - The company attributes its low stock price to multiple factors, including gold price fluctuations and market preferences, while emphasizing ongoing improvements in operational performance [3] - The company plans to produce 58.61 tons of refined gold, 19.51 tons of mined gold, and 372,814.69 tons of electrolytic copper in 2022, with a significant reduction in production compared to 2021 [3] Group 4: Financial Performance and Shareholder Returns - The company has injected 27 mining enterprises since its establishment, significantly increasing sales revenue, total profit, and asset scale [4] - The company has maintained a high cash dividend ratio in recent years to effectively return value to shareholders [4] - The company is committed to continuous support from its controlling shareholder, China National Gold Group, for sustainable development [5]