Shandong gold net profit sharply reduced by 2.3 billion now 22 years first loss of 456 million major shareholders two rounds of increased shareholding increased to 45.58%


A shares “gold brother” Shandong gold (600547.sh) operating performance far below market expectations.According to shandong Gold issued 2021 annual performance forecast, the company is expected to lose 190 million yuan – 285 million yuan in 2021, compared with the same period last year, the number of profits reduced 2.236 billion yuan to 2.331 billion yuan.Changjiang Business Daily reporters found that the annual loss was the first since Shandong Gold began to disclose operating data in 2000.In this regard, Shandong Gold explained that the safety accident occurred in the affected peers, and the safety inspection of mines in Shandong province was carried out, which greatly affected the company’s capacity and led to a significant decline in performance.Since Last August, the company has been in the black, and in the fourth quarter, profits have improved significantly.Although the annual loss, but for Shandong Gold, may be temporary, the company still has strong profitability.Up to now, Shandong Gold is still the only listed company that has three mines with accumulated gold production exceeding 100 tons.Major shareholders are also relatively optimistic about the development prospects of Shandong gold.In January this year, major shareholders completed their commitment to increase their holdings, with a total cost of about 428 million yuan.Prior to this, major shareholders also increased their holdings in 2016.The two rounds of increases cost about $456 million.At present, the proportion of major shareholders has risen to 45.58 per cent.Loss of about 200 million for the first time in 22 years profit more than 2 billion yuan did not come, ushered in a loss of 200 million yuan or so, gold leading enterprise Shandong gold performance dramatically changed face.Performance forecast shows that in 2021, Shandong Gold is expected to realize the net profit attributable to shareholders of listed companies (referred to as net profit) between -190 million yuan to -285 million yuan, compared with the same period last year (retrospective adjustment), will reduce 2.236 billion yuan to 2.331 billion yuan, year-on-year reduction of 109% to 114%;Net profit after deducting non-recurring gains and losses (referred to as non-net profit deduction) is expected to be between -510 million yuan and -650 million yuan, compared with the same period last year (retroactive adjustment), will decrease by 2.866 billion yuan to 3.06 billion yuan, a year-on-year decrease of 121% to 128%.In 2020, Shandong Gold has carried out a series of asset integration, and after retrospective adjustment, its net profit and non-deduction net profit are 2.046 billion yuan and 2.356 billion yuan respectively.Shandong Gold was founded in January 2000 by Shandong Gold Group as the main initiator, together with Shandong Zhaojin Group, Shandong Laizhou Gold Group, Jinan Yuquan Development Center and Shandong Jinzhou Mining Group (the original “Rushan Gold Mine”) and other four sponsors jointly initiated the establishment.Shandong Gold was listed in A shares on August 28, 2003 and H shares on September 28, 2018, becoming an A+H listed gold enterprise.In 2000, Shandong Gold achieved operating revenue of 220 million yuan and net profit of 27 million yuan.In the 21 years until 2020, the company’s operating revenue and net profit fluctuated occasionally due to macroeconomic factors, but the overall growth trend remained unchanged, and there was never an annual loss.In 2020, the company achieved operating revenue of 63.664 billion yuan and net profit of 2.046 billion yuan, respectively 288 times and 75 times higher than that in 2000.From its listing in 2003 to 2020, Shandong Gold has realized a cumulative net profit of 16.578 billion yuan, with an average annual profit of 921 million yuan, according to Wind.To sum up, the loss in 2021 is the first time since Shandong Gold made public its operating performance data.Shandong Gold explained that in early 2021, shandong Wucailong Investment Co., Ltd. had a safety accident at Hushan gold mine in Qixia city and Caojiawa gold mine in Shandong Zhaoyuan (two local enterprises, neither of which is affiliated to Shandong Gold).Due to the impact of the above two safety accidents, the company’s mines in Shandong province began to carry out safety inspections in Accordance with the requirements of local authorities from February 2021, resulting in the company’s gold production reduction, which is expected to be about 35% for the whole year.According to the company, the company has set up a special class for key work to push forward the resumption of work and production, comprehensively strengthen lean management, accelerate the integration of resources, strictly pay attention to safety and environmental protection, and effectively promote reform and innovation, with obvious results.Since the second half of last year, the gold output of mines affiliated to the company has gradually increased, and the combined gold output in November and December exceeded the same period last year.In terms of operating performance, Shandong Gold made a profit in August last year and a net profit of 109 million yuan in the third quarter. In the fourth quarter, the profit of the single quarter is greatly improved. The total profit of the company in 2021 is expected to be profitable.In 2021, the non-recurring income of the company is about 320 million yuan, mainly from the income generated by the disposal of assets and the net loss caused by the merger of subsidiaries under the same control.To accelerate the integration of world-class gold production base loss is temporary, in the future, Shandong gold’s profitability is expected to release again.Disclosed according to the shandong gold parent company of shandong gold group, its gold production, reserves, economic, technical strength, intelligence level and talent advantage is the gold industry in the forefront, in 2019, 2020, gold production for two consecutive years ranked 10th gold enterprises, to become iconic enterprise has the important influence in the field of global gold.Shandong Gold is the core subsidiary of Shandong Gold Group and has a series of advantages.According to the financial disclosure, Shandong Gold adhere to the “resource first” concept, constantly increase exploration efforts, and actively carry out resource acquisition.Company engaged in the shandong province gold resources integration, will focus on mergers and acquisitions company’s existing high-quality resources around project in mines, further promote the province three metallogenic belt in the island, jiaojia xincheng metallogenic belt of resource integration, promote laizhou optimization of regional resources integration, to consolidate and strengthen the company’s resources reserves, to make the jiaodong region world-class production base of gold resource basis.In addition, the company continues to increase the overseas exploration efforts, overall planning of “two resources, two markets”.In 2021, the company successfully acquired Australia Cardino Resources Company and Hengxing Gold Holdings Co., LTD., effectively expanding the global resource layout.In 2020, Shandong Gold successively acquired 100% equity of Shandong Laizhou Ludi Gold Mine Co., LTD., 100% equity of Shandong Tiancheng Mining Co., LTD., 100% equity of Shandong Dimine Laijin Holding Co., LTD., and 45% equity of Laizhou Hongsheng Mining Investment Co., LTD., held by the parent company shandong Gold Group.At present, Shandong gold has formed a scale advantage.The company said that its main business is the development and utilization of gold mineral resources, and the level of mine equipment and mechanization is in a leading position in the domestic mining industry.Three mountain island gold “the international first-class demonstration mine” construction, has led to large and medium-sized mining mechanization, automation, intelligent mine construction pace, xincheng gold mine, and a number of enterprises in jiaojia gold mine mining mechanization operation efficiency of 50% or more, the mine auxiliary production system automation control rates reached 80%, mechanization and automation level gradually increase.Jiaojia Gold Mine, Linglong gold Mine and Sanshandao gold mine have accumulated gold production of more than 100 tons, so the company has become the only listed company with three mining enterprises with accumulated gold production of more than 100 tons.Mining belongs to capital intensive field, Shandong Gold’s financial operation is relatively stable.By the end of September 2021, the company’s asset-liability ratio was 56.05%, down 2 percentage points from the same period last year.In the first three quarters, the company’s financial expenses were 522 million yuan, 92 million yuan less than the same period last year.Shandong Gold Group is optimistic about the development prospects of Shandong gold and actively increases its holdings through the secondary market.On September 12, 2021, Shandong Gold Disclosed its controlling shareholder Shandong Gold Group’s plan to increase its A-share holdings by no less than 0.0112% of the total share capital and no more than 0.5% of the total share capital in the next three months, and the amount of increase is no more than 500 million yuan.On January 7 this year, it was disclosed that Shandong Gold Group has spent 428 million yuan to complete the increase plan, the actual increase of 0.4998%, close to the upper limit of the increase plan.Reporters from Changjiang Business Daily found that In 2016, Shandong Gold Group and its members also carried out a round of shareholding increase, which cost about 28 million yuan at that time.Up to now, Shandong Gold Group and its cooperators hold 45.58% of shandong Gold’s equity.Visual Map of China

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