Analysis of Shandong Gold (600547.SH) Production Doubling Expectation and Short-Term Cost Pressure
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Shandong Gold’s equity production in 2024 is 39 tons, with the target to double to 83 tons by 2030[1]. Key supporting projects include the Jiaojia Gold Mine integration project (18.85 tons at full production, progress 13.87%), Xiling Gold Mine (13.386 tons, to be put into production in 2029), Xincheng Gold Mine (7.771 tons, to be put into production in H1 2027), and Penglai Mining Project (to start construction in October 2025)[1][2].
In the first three quarters of 2024, revenue was 83.783 billion yuan (+25.04% YoY), and net profit attributable to parent company was 3.956 billion yuan (+91.51% YoY), but Q3 net profit fell 35% quarter-on-quarter[4][5]. Cost pressure comes from: a loss of 862 million yuan from fair value changes of financial assets, a loss of 467 million yuan from investment income (total over 1.3 billion yuan), adjustment of mine production mode, and mining of low-grade ores[4].
The annual stock price gain narrowed from 105% to 63.74%, showing a phenomenon of “strong performance growth but declining stock price”, reflecting the market’s concern about short-term profit resilience[5]
Insights are generated using AI models and historical data for informational purposes only. They do not constitute investment advice or recommendations. Past performance is not indicative of future results.
About us: Ginlix AI is the AI Investment Copilot powered by real data, bridging advanced AI with professional financial databases to provide verifiable, truth-based answers. Please use the chat box below to ask any financial question.