Summary by Moomoo AI
Shandong Gold Mining Co., Ltd. (“SD GOLD”) issued the 2023 Annual Results Preliminary Announcement, which expects the 2023 total profit to reach RMB31.00 billion to RMB 38.00 billion, an increase of 54.51% to 89.40% YoY. Net profit attributable to parent company owners is expected to range from RMB20.00 billion to RMB25.00 billion, up 60.53% to 100.66% year-on-year. Net profit after non-recurring losses is expected to be RMB18.00 billion to RMB23.50 billion, up 38.01% to 80.18% year-on-year. The forecast data has not yet been audited by a registered accountant. The company said the earnings were primarily driven by improvements in strategic leadership, reform innovation, production organization optimization, technology management and technology innovation, as well as enhanced capabilities in market tracking research and price determination. The Company highlights the absence of significant uncertainties affecting the accuracy of the results announcement and reminds investors to be aware of investment risks. The announcement date is 30 January 2024.