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Shandong Gold Mining Co Ltd

Shandong Gold Mining Co., Ltd. engages in mining, smelting, processing, and precious metals in the People's Republic of China. It explores for silver, copper, iron, lead, and zinc metals. The company is also involved in manufacturing special equipment for gold mines; gold and non-ferrous metal mining and smelting; and building decoration materials, as well as invests in gold bars. In addition, it offers ecological restoration and environmental protection, investment and asset management, construction engineering, futures brokerage, and consulting and investigation services. Shandong Gold Mining Co., Ltd. was incorporated in 2000 and is based in Jinan, the People's Republic of China.

Price · split & dividend adjusted
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Shanghai Composite closes up 21.92 points, lifted by gold mining stock buying

The Shanghai Composite Index closed higher today at 3,900.35 points, up 21.92 points or 0.57 percent, supported by a surge in gold mining stocks which rallied in line with spot gold prices amid a weaker US dollar and lower bond yields. Shandong Gold Mining jumped 3.49 percent, Zhongjin Gold surged 3.55 percent, and Zijin Mining Group rose 1.17 percent. Meanwhile, artificial intelligence and semiconductor stocks were sold for profit, with SMIC falling 1.04 percent. Investors are watching key Chinese economic data this week, including July trade figures due tomorrow and July consumer and producer price indexes on Sunday.
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Wang Chenglong Takes Over as Chairman of Shandong Gold

Shandong Gold Mining Co., Ltd. has undergone a business registration change, with Han Yaodong stepping down as legal representative and chairman, succeeded by Wang Chenglong. The company was established in January 2000, with a registered capital of approximately 4.61 billion yuan. Its business scope includes gold mining and smelting within approved permits, as well as the production and sales of specialized equipment for gold mines and building decoration materials. Shareholder information shows the company is jointly held by Shandong Gold Group Co., Ltd., Hong Kong Securities Clearing Company Limited, Shandong Gold Resources Development Co., Ltd., and others.
南方财经网·31dRead more ▾
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20 Shanghai-Listed Companies Add Buyback and Shareholding Increase Plans in Two Days

In the past two days, 20 Shanghai-listed companies have added buyback and shareholding increase plans. Among them, 17 companies added buyback plans, with a combined proposed buyback amount cap of 2.196 billion yuan. Three companies added shareholding increase plans, with a combined proposed increase amount cap of 240 million yuan. Another nine companies disclosed progress announcements related to buybacks and shareholding increases. On the performance front, 16 Shanghai-listed companies released positive announcements. Yuanjie Technology expects first-half revenue to grow 339 to 364 percent year-on-year, with net profit attributable to shareholders of the listed company rising 1,197 to 1,305 percent. Lianxun Instruments expects first-half net profit to increase 802 to 926 percent year-on-year. Xi'an Yicai Materials' monthly production and sales of 12-inch electronic-grade silicon wafers surpassed one million units. In terms of major contracts, a subsidiary of China Power Construction Corporation signed a subcontract for the water transmission system of the Basra seawater desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. The mid-term dividend camp continues to expand, with eight Shanghai-listed companies including Wanhua Chemical, Shandong Gold, and ArcSoft receiving mid-term dividend proposals or releasing plans.
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Shandong Gold Chairman Han Yaodong Resigns Due to Job Transfer

Shandong Gold announced that Chairman and Legal Representative Han Yaodong has applied to resign from his positions as director, chairman, and legal representative of the seventh board of directors due to organizational job transfer. After his departure, he will no longer hold any position in the company or its controlled subsidiaries.
CLS·48dRead more ▾
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Gold price rebound lifts nine gold stocks into positive territory this month, Chifeng Gold surges over 20%

Entering July, cooling expectations for Federal Reserve rate hikes have driven a rebound in gold prices, with nine out of ten A-share gold stocks posting gains for the month. As of July 6, Chifeng Gold led with a cumulative rise of 20.06%, while Shanjin International and Western Gold climbed 18.88% and 15.18% respectively. Gold stocks underwent deep corrections in the first half of the year, with seven of the ten names pulling back more than 50% at one point. Shandong Gold suffered the steepest drawdown of 62.05% and led the sector's decline with a 40.35% drop. Chifeng Gold and Shanjin International each issued announcements on abnormal stock trading volatility after their share prices surged, noting that the cumulative deviation exceeded 20% and that semi-annual financial data is still being compiled. Market participants believe that after half a year of adjustment, gold stock valuations have returned to a reasonable range, and the gold price rebound is catalyzing a rotation of funds. However, during the interim reporting window, caution is needed regarding the risk of a second dip if earnings fall short of expectations.
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