China Gold International (02099.HK): Net loss of US$26 million in the first quarter
Gelonghui, May 16 | China Gold International (02099.HK) announced its results for the first quarter of 2024, with revenue down 76% year on year; mine operating loss was US$11.5 million, and mine operating profit for the same period in 2023 was US$102.7 million; net loss was US$26 million, net profit for the same period in 2023 was US$77.7 million; operating cash inflow decreased from US$127.7 million to US$7.2 million; gold production decreased by 61% to US$60.5 million from 52,827 ounces in the same period in 2023 20,714 oz. Because of the Jiama mine
[ESG Report Interpretation] Gold prices have skyrocketed. Is ESG the alchemy of gold in China?
Author | Han's main text is 3,698 words, and the estimated reading time is 10 minutes [Editor's Note] ESG reports have always been considered a new topic in the investment field, but many investors actually can't read them. Currently, as many as 40% of A-share listed companies publish ESG annual reports on a regular basis, but it is not ruled out that some listed companies make it a routine practice to publish ESG reports. What exactly is the problem? Gold prices have been rising very well since 2024. At a time when consumption is setting off a new wave of gold purchases, the level of ESG governance in this popular industrial chain is also worth paying attention to. This ESG report explains China as a leader in the jewellery industry
Caitong Securities: The leading company in the gold and jewelry sector operates steadily, and fluctuations in gold prices bring about profit elasticity
The Zhitong Finance App learned that CaiTong Securities released a research report saying that in 2023, gold prices rose by more than 10% throughout the year, and the boom in gold led to consumer growth. In 2023, the country's gold consumption was 1089.7 tons, +8.78% year over year. Among them, gold jewelry was 706.5 tons, +7.97% year over year, and 299.6 tons of gold bars and coins, +15.7% year over year. Leading companies in the gold and jewelry sector are operating steadily. Under a steady upward trend in gold prices, sales of terminal gold products are growing rapidly. Franchisers' inventory replenishment drives brand performance to strengthen, domestic brand channels expand smoothly, and remain high in 2024
China Gold International (02099.HK) and CICC Finance sign 2024 financial services agreement
Gelonghui, May 8, 丨 China Gold International (02099.HK) announced that on May 8, 2024, the company and CICC Finance signed a 2024 financial services agreement. According to this, CICC Finance agreed to provide a series of financial services to the company's Chinese subsidiary, including (a) deposit services, (b) lending services, (c) settlement services, and (d) other financial services, which is valid from the date approved by independent shareholders until December 31, 2026.
China Gold International (02099.HK) plans to hold a board meeting on May 15 to approve the first quarter results
Gelonghui, April 30, 丨 China Gold International (02099.HK) announced that the company will hold a board meeting on Wednesday, May 15, 2024, Beijing time, and Tuesday, May 14, 2024, Vancouver time to review and approve matters such as the first quarter results of the company and its subsidiaries for the three months ended March 31, 2024.
The situation in the Middle East eased, gold prices plummeted, and gold stocks continued to weaken, China Gold International (02099) fell 3.54%
Jinwu Financial News | Gold stocks continued to weaken. China Gold International (02099) fell 3.54%, Zhaojin Mining (01818) fell 2.78%, Lingbao Gold (03330) fell 3.54%, Zijin Mining (02899) fell 1.42%, and Shandong Gold (01787) fell 1.54%. According to the news, investors' concerns about the situation in the Middle East have abated, risk aversion has cooled down, and gold prices have plummeted. The next evening, New York futures closed at $2346.4 per ounce, down $67.4, or about 2.8%, hitting a new low of more than two weeks.
Should You Think About Buying China National Gold Group Gold Jewellery Co.,Ltd. (SHSE:600916) Now?
China National Gold Group Gold Jewellery Co.,Ltd. (SHSE:600916), is not the largest company out there, but it received a lot of attention from a substantial price increase on the SHSE over the las
China Gold (600916.SH): No ore business
Gelonghui, April 19丨China Gold (600916.SH) said on the investor interactive platform that the company is a gold and jewelry retail company and has no ore business.
Changes in Hong Kong stocks | China Gold International (02099) fell more than 4%, leading the decline in gold stocks, US inflation data for March exceeded expectations, and gold stopped rising and falling back
Gold stocks collectively pulled back. As of press release, China Gold International (02099) fell 4.02% to HK$48.95; Lingbao Gold (03330) fell 2.33% to HK$3.35; Zijin Mining (02899) fell 0.9% to HK$17.52.
Cathay Pacific Junan (Hong Kong): Maintaining China Gold International's (02099) “Collection” Rating Target Price Raised to HK$56.1
Cathay Pacific Junan (Hong Kong) predicts that China Gold's international net profit will grow steadily from 2024-2026.
China National Gold Group Gold JewelleryLtd (SHSE:600916) Could Become A Multi-Bagger
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employe
China Gold International (02099) Announces 2024 Production Guidelines
China Gold International (02099) announced that the Jiama mine started the first phase on December 15, 2023...
China Gold (600916.SH): The company attaches great importance to the issues arising from the company's recent franchise channel business and has set up a special team
Gelonghui, March 20 | China Gold (600916.SH) said on the investor interactive platform that the company attached great importance to the recent problems arising from the company's franchise channel business and had set up a special team to actively promote the proper handling of the incident. At present, communication has been carried out with relevant parties to negotiate solutions to reduce the impact on the company's operations.
Changes in Hong Kong stocks | Gold stocks collectively rose, China Gold International (02099) rose more than 11%, and Motong Daikan expects the price of gold to rise to 2,500 US dollars this year
Gold stocks rose collectively in early trading. As of press release, China Gold International (02099) rose 11.24% to HK$47.5; Zijin Mining (02899) rose 6.02% to HK$15.84; and Zhaojin Mining (01818) rose 4.09% to HK$9.67.
Changes in Hong Kong stocks | China Gold International (02099) rose more than 6% to reach a new high, and the company may fully benefit from the upward cycle of copper and gold prices
China Gold International (02099) rose more than 6%, with an intraday high of HK$44.7, a new high since May last year. As of press release, it rose 5.35% to HK$44.3, with a turnover of HK$175 million.
Metals Focus: Strong start to China's gold demand in 2024
According to Metals Focus research data, in the fourth quarter of 2023, China's gold jewellery consumption increased 17% year over year to 148 tons.
China Gold (600916.SH): Will continue to improve its operating capabilities and seek growth in 24 years
Gelonghui, March 5 | China Gold (600916.SH) recently said during a survey reception from institutional investors that in the more than ten years since the company was founded, its brand influence has continued to increase, and its willingness to cooperate with franchisees has been continuously strengthened. The company held a temple fair-themed trade fair in January, and the terminal response was good. In 24 years, we will continue to improve our operating capabilities and seek growth.
Some gold stocks are strong, and China Gold International (02099) rose 4.48%. Institutions say precious metals can still be expected to be supported by interest rate cuts in the long term
Jinwu Financial News | Some gold stocks were strong. China Gold International (02099) rose 4.48%, Zhaojin Mining (01818) rose 3.44%, and Shandong Gold (01787) rose 3.38%. The most actively traded April gold futures market on the New York Mercantile Exchange rose $12 to close at $2054.7 an ounce on February 29, or 0.59%. CITIC Construction Investment Futures said that the US GDP data for the fourth quarter unexpectedly declined, indicating that the US economy did not meet previous expectations. Federal Reserve officials continued to speak out, remain conservative about interest rate cuts, and precious metals as a whole fluctuated. Moreover
China Gold International (02099.HK) plans to hold a board meeting on March 28 to approve annual results
Gelonghui, March 1, 丨 China Gold International (02099.HK) announced that the company will hold a board meeting on Thursday, March 28, 2024, Beijing time, and Wednesday, March 27, 2024, Vancouver time, to review and approve matters such as the results of the company and its subsidiaries for the year ended December 31, 2023.
World Gold Council: China's gold demand rose across the board in January
On February 23, according to the World Gold Council research report, China's domestic gold demand is often boosted during the Spring Festival.
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