Yintai Gold Group achieved its best quarterly performance in history in the third quarter

Recently, Intime Gold (000975. SZ) Group, a subsidiary of Intime Group, released its third quarter report for 2020, with its main profit indicators achieving its best single quarter performance since going public.

According to the disclosed third quarter report, Yintai Gold Group achieved a revenue of 6.445 billion yuan in the first three quarters, a year-on-year increase of 66.28%; Net profit attributable to the parent company was 956 million yuan, a year-on-year increase of 45.18%; After deducting non recurring expenses, the net profit attributable to the parent company was 907 million yuan, a year-on-year increase of 39.09%.

In the third quarter, the revenue was 2.642 billion yuan, a year-on-year increase of 96.08%; Net profit attributable to the parent company was 346 million yuan, a year-on-year increase of 56.95%; After deducting non recurring expenses, the net profit attributable to the parent company was 355 million yuan, a year-on-year increase of 64.78%, which was the best quarterly performance since its listing.

In response, securities companies such as CITIC Securities, China Galaxy Securities, Great Wall Securities, and Guangfa Securities have released research reports stating that due to the stable release of production, Yintai Gold Group's profitability continued to improve in the first three quarters of 2020.

Among them, a research report by CITIC Securities believes that "with the rise in gold prices and the contribution of high-quality gold mines to complete production in the third quarter, the profit growth of the gold sector has been driven. With the original core business Yulong Silver Lead Zinc Mine reaching production as scheduled, and the profit elasticity brought by the recovery of silver and zinc prices, the company's future revenue and profit are expected to steadily increase." "The stable release of high-quality mining resources has become an important driving force for the rapid growth of the company's performance."(quoted from Sina Finance)

*  Reminder: This information is for reference only and does not constitute investment advice.