Chinanews client, Beijing, September 23 (Peng Jingru) Since the beginning of this year, the price of gold has repeatedly hit record highs. It is no longer only Chinese aunts who buy gold. Post-80s and 90s have also entered the market one after another.

Behind the soaring gold price, are gold companies also busy counting money?

　　Shandong Gold’s semi-annual performance report shows that the net profit attributable to shareholders of listed companies in the first half of 2020 is approximately 1.153 billion yuan, an increase of 98.22% year-on-year; operating income is approximately 33.05 billion yuan, an increase of 3.5% year-on-year; basic earnings per share are 0.27 Yuan, a year-on-year increase of 92.86%.

　　Zijin Mining's semi-annual report also shows that the continued strength of the gold sector is an important reason for the increase in the company's net profit.

According to its announcement, in the case of the continuation of the Pogla gold mine rights and the suspension of production, it achieved 20.24 tons of mineral gold, an increase of 5.93% year-on-year. The gross profit of the gold sector accounted for 38.60% of the group's gross profit. Among them, the Buritika gold mine in Colombia successfully completed the takeover And put into production, Norton Jintian, Hunchun Zijin, Guizhou Zijin contributed more.

Chen Yumin, Secretary of the Party Committee and Chairman of Shandong Gold Group.

　　"Shandong Gold must insist on repaying investors with higher returns, and strive to double its market value to 200 billion yuan by the end of the 14th Five-Year Plan period, and share the performance growth dividend with investors." Party Secretary of Shandong Gold Group, Chairman Chen Yumin said on the 22nd.

　　On the 22nd, Shandong Gold held a strategic development exchange meeting in Beijing. According to Chen Yumin, since the "13th Five-Year Plan", Shandong Gold's operating performance has increased significantly.

In 2019, gold production, operating income, total profit, asset size, and per-capita income of employees increased by 33%, 13%, 310%, 47%, and 63.7%, respectively, compared with the end of the “Twelfth Five-Year Plan” period.

The reserves of gold resources reach 1,900 tons, which can meet 40 years of production.

　　In order to ensure that Shandong gold is recreated in the "14th Five-Year Plan" period, Chen Yumin stated that it is necessary to persist in integrating into the world with a more open and inclusive attitude, increase the integration of domestic mining resources, and focus on obtaining it in strategic regions such as Central Asia, West Africa, South America and North America. Resources; insisting on promoting project construction with greater handwork, completing the construction of the "International First-class Demonstration Mine" of the Sanshandao Gold Mine in 2020, and completing the construction of the Shandong Gold (Laizhou) production base in 2025 to build a world-class gold industrial base.

　　Regarding the future development of gold companies, Political Commissar Lu, chief economist of Industrial Bank, believes that with the increase in the income of the Chinese people and the yearning for a better life, there will be more demand for gold and silver jewelry. This part is the largest in the gold market. demand.

The revision of the Fed's policy framework will enable gold to have a stronger supporting role in the future.

In addition, this round of rising gold prices, but the cost of gold mining did not rise, which laid a better foundation for the future development of gold companies.

The site of the Shandong Gold Strategy Development Exchange Conference.

　　"We should also see the sudden emergence of gold ETFs in the financial market, which provides opportunities for gold as a more liquid asset than in the past to enter people's asset allocation." Political commissar Lu said.

　　On September 10, the August gold ETF holdings announced by the World Gold Council showed that in the first eight months of 2020, global gold ETF holdings (in tons) increased by 38%.

As of August this year, the asset management scale of gold ETFs has increased by 70%, and the total value of tonnage and holdings continues to hit new highs.

Among them, North American funds accounted for two-thirds of the global net inflow so far this year.

　　"Among the demand in recent years, jewelry is still the largest demand, but gold ETFs have begun to become the largest source of demand in the incremental part. Therefore, the future development of gold companies should also pay special attention to this." Political commissar Lu said .

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