Summary by Moomoo AI
Shandong Gold Mining Co., Ltd. (“Shandong Gold”) announced its annual results for the year ended December 31, 2023 with revenues of approximately RMB59,275.28 million, an increase of approximately 17.83% over the same period last year; the profit for the year was approximately RMB2,823.24 million, an increase of approximately 108.54% over the same period last year. Basic earnings per share were RMB0.4. The Board of Directors proposes to distribute a final dividend of RMB 1.4 per 10 shares (tax included). The Company completed a number of significant investments and acquisitions in 2023, including the acquisition of a 28.89% stake in Yintai Gold, becoming its controlling shareholder, and actively promoting high-quality overseas resources to further strengthen resource security. The Company will continue to expand mineral exploration, expand resource plans, and advance smart mine construction to increase capacity scale and development efficiency.