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Express News | Founder Securities: The gold price pullback does not change the long-term bullish logic, focusing on opportunities for left-hand layout of gold.
A-share gold concept stocks fell, Beijing Xiaocheng Technology plunged more than 6%.
Stockrong November 7th | Beijing Xiaocheng Technology fell more than 6%, Chifeng Jilong Gold Mining, North Copper, Hunan Gold Corporation, Zijin Mining Group, cmoc group limited collectively opened lower. On the news front, spot gold fell below $2650 per ounce, the first time since October 15th.
Chifeng Jilong Gold Mining (600988): Q3 landed smoothly, expecting high growth in Q4 performance.
Investment Highlights The company released the third quarter report for 2024, with profits, gross margin, and cash flow all showing significant year-on-year growth in the first three quarters: the company achieved revenue of 6.22 billion yuan, up 23% year-on-year; net income attributable to shareholders was 1.11 billion yuan, up 1% year-on-year.
Chifeng Jiulong Gold Mining (600988): Gold production continued to increase in the first three quarters, with ongoing cost optimization.
The company released its third quarter report: achieving revenue of 6.223 billion yuan in the first three quarters, a year-on-year increase of +22.93%; achieving a net income attributable to the mother of 1.105 billion yuan, a year-on-year increase of +112.59%; achieving a non-net income attributable to the mother of 1.038 billion yuan,
Chifeng Gold: Chifeng Gold Report for the Third Quarter of 2024
Chifeng Gold Report for the Third Quarter of 2024
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