Overcoming the adverse effects of the epidemic, Yintai Gold achieved steady development in the first half of the year

Yintai Gold (SZ: 000975), a listed company under Yintai Group, released its performance report for the first half of 2022 on August 29. During the reporting period, the company achieved operating revenue of 3.994 billion yuan, a year-on-year increase of 14.53%. The net profit attributable to shareholders of the listed company is 566 million yuan.

The report shows that in the first half of 2022, facing the domestic and international environment of accelerating global inflation, continuous fluctuation of the epidemic, and tense geopolitical situation, Intime Gold has taken the business plan formulated at the beginning of the year as the goal, based on safety production, strengthened management, refined responsibilities, and steadily promoted various work.

In order to fully tap into the driving force of performance growth, Yintai Gold focuses on four aspects to make sufficient internal efforts: firstly, strengthening mining production exploration in the mine, improving resource control, strictly reducing costs from the perspective of product cost management, and increasing gross profit margin; The second is to expand effective production capacity, on the basis of ensuring the balance of tertiary mineral resources, tap internal potential, improve equipment operation rate, increase annual mineral processing capacity, and reduce total costs; Thirdly, strengthen sales management, fully utilize market tools, and strive to increase the overall average selling price; The fourth is to expand resource reserves. Resource reserves are one of the important indicators to measure the development potential of resource-based companies. Rich resource reserves can lay a solid foundation for the company's future performance growth. Increase exploration investment and accelerate the progress of transferring existing mining exploration rights to mining rights. Actively promote the pace of high-quality resource mergers and acquisitions both domestically and internationally, rapidly expand the company's asset size and mineral product production.

In recent years, Intime Group has continuously innovated and transformed, promoting diversified business development. By establishing Yintai Gold Group and entering the field of precious metal exploration and development, we aim to create a stable growth point for the group's performance.

Yintai Gold has excellent asset quality, abundant mineral resources reserves, high grade, broad exploration prospects, strong professional talents and technical strength, and has developed into a listed company with significant influence in the domestic precious metal industry. According to data from the China Gold Association, Yintai Gold ranks fifth in gold production among Chinese gold listed companies and is also one of the mining companies with high gross profit margins in the gold mining industry. In recent years, Yintai Gold has continued to increase investment in safety production and environmental protection, practicing the concept of green production and green development. Its subsidiaries Yulong Mining, Heihe Yintai Mining, and Jilin Banmiaozi Mining have been rated as national green mines, and Qinghai Dachaidan Mining has been rated as provincial green mines.