Shanjin International Gold Co., Ltd. explores for, mines, and trades precious and non-ferrous metal ores in China, focusing primarily on gold, lead, zinc, and silver deposits. The company was formerly known as Yintai Gold Co., Ltd. and changed its name to Shanjin International Gold Co., Ltd. in July 2024. Founded in 1999, it is based in Beijing, China.
Shanjin International's 2026 interim net profit reached 2.416 billion yuan, up 51.43% year on year
Shanjin International released its 2026 interim report, with net profit attributable to the parent company of 2.416 billion yuan, up 51.43% from the same period last year. Total operating revenue was 9.659 billion yuan, up 4.47% year on year, marking five consecutive years of growth. Net cash inflow from operating activities was 3.067 billion yuan, up 17.13% year on year. The company's latest gross margin was 42.53%, an increase of 12.55 percentage points from the same period last year. Its latest return on equity was 15.18%, up 3.42 percentage points year on year. Diluted earnings per share were 0.87 yuan, up 51.59% year on year.
Precious metals stocks slide intraday; analysts say gold price headwinds may ease marginally, recommend adding on dips
On August 3, the precious metals sector fell 3.03% intraday, with Chifeng Gold, Xiaocheng Technology, Western Gold, Shanjin International, and Zijin Mining broadly lower. A Changjiang Securities research note pointed out that in the first half of 2026, precious metals were weighed down by both the US-Iran conflict and hawkish rate-hike expectations, with gold prices experiencing three liquidity shocks and briefly dipping below $4,000 in late June. Currently, these two major headwinds are easing marginally: geopolitical impacts are moderating, and oil prices and inflation are retreating. Looking ahead to the second half, the People's Bank of China's de-dollarization gold purchases remain intact, and demand support will gradually return. Moreover, rate-hike expectations have reached an extreme, and high interest rates are eroding fiscal sustainability. Once the 10-year US Treasury yield enters the 4% to 5% high range, the relationship between interest rates and gold is likely to shift from negative to positive correlation, meaning rate hikes are not necessarily bearish for gold. Overall, the firm maintains a medium-term bullish view and recommends actively adding positions on pullbacks. A Shanghai Securities research note also noted that against the backdrop of de-dollarization, emerging market central banks may further increase gold reserves, providing long-term demand support for gold prices. In the second half, moderating geopolitical impacts and retreating inflation are expected to ease liquidity constraints, shifting the sector toward fundamentals-driven performance.
Precious metals concept strengthens, institutions see sector shifting to fundamentally driven upside
On July 22, the precious metals sector rose 3.34% intraday, with constituents such as Shanjin International, Chifeng Gold, and Zijin Mining all gaining over 5%. A research note from Changjiang Securities pointed out that as geopolitical influences ease and oil prices and inflation retreat, liquidity constraints will diminish, allowing the sector to shift from valuation contraction to a fundamentally driven upward channel, maintaining a medium-term bullish view. A Shanghai Securities research note stated that from 2020 to 2024, global gold mine production grew at a compound annual growth rate of 1.0%, while gold demand rose rapidly at a compound annual growth rate of 5.8%, reaching 148.1 million ounces in 2024, mainly driven by central bank reserve accumulation and investment demand. Against the backdrop of de-dollarization, emerging market central banks are expected to further increase gold reserves, and the precious metals industry cycle continues amid monetary policy fluctuations.
Precious Metals and Nonferrous Metals Concept Stocks Active, Baiyin Nonferrous and Others Hit Limit Up
In early trading on July 6, the three major A-share indices opened collectively higher, with the Shanghai Composite Index up 0.30%, the Shenzhen Component Index up 0.65%, and the ChiNext Index up 0.57%. Precious metals concept stocks rose rapidly, with Hunan Silver, Shanjin International, and Chifeng Gold among the top gainers. Nonferrous metals concept stocks were active, with Baiyin Nonferrous, Huanghe Whirlwind, and Yongshan Lithium hitting limit up. The innovative drug sector was also active, with Sanyuan Gene and Hotgen Biotech surging over 10%, after the National Medical Products Administration sought public comment on optimizing the review and approval of cell and gene therapy drugs, proposing to include eligible drugs in a 30-day review channel. JPMorgan expects gold to remain range-bound in the short term before rebounding, with an average price of 4,300 US dollars per ounce in the third quarter of 2026 and 4,500 US dollars per ounce in the fourth quarter, maintaining a long-term bullish view.
China