Yintai Gold Group announces 2020 performance report

Recently, Yintai Gold Group, a subsidiary of Yintai Group(000975.SZ) Publish the 2020 annual report. The annual report shows that in 2020, Yintai Gold Group worked together to fight against the epidemic, achieving "zero accidents" and "zero infections" in the mining area, ensuring the steady operation of the company's safety production.

According to the company's annual report, in 2020, Intime Gold Group achieved a revenue of 7.905 billion yuan, an increase of 53.54% compared to the same period last year; Achieved operating profit of 1.748 billion yuan, an increase of 46.62% compared to the same period last year; The net profit attributable to shareholders of the listed company was 1.242 billion yuan, an increase of 43.77% compared to the same period last year. The increase in profits is mainly due to the rise in gold prices and the increase in gold sales.

In this regard, securities firms such as CITIC Securities and Anxin Securities have given positive evaluations of Yintai Gold Group's business and given it a buy rating.

Among them, CITIC Securities The research report states that the rapid growth of high-quality gold mine production has become the main profit growth point for Intime Gold Group. With the resumption of full year production of the original core business and the advantage of low cost, it is expected that the company's gold and silver production will steadily increase in the future, and revenue and profit are expected to significantly increase.

According to the company's annual report, Yintai Gold Group plans to accelerate its internationalization process by exploring internal potential and conducting external mergers and acquisitions, and engaging in various forms of cooperation with high-quality mines in China in the next 2-3 years. The company aims to double its controlled resources and main product output on the existing basis, and strive to develop into a listed company with significant influence in the domestic resource sector, bringing rich returns to investors.

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