Business description: Shandong Gold Mining Co., Ltd.

Shandong Gold Mining Co., Ltd. specializes in the exploration and operating of gold mines. Net sales break down by activity as follows :

- production and sale of gold (91.5%);

- mining and sale of gold ore (4.3%);

- other (4.2%).

China accounts for 96.4% of net sales.

Number of employees: 29,282

Sales by Activity: Shandong Gold Mining Co., Ltd.

Fiscal Period: December 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

Purchased Gold

1.19TCr 2.07TCr 2.52TCr 3.68TCr 4.32TCr

Gold

977.9Cr 1.52TCr 1.79TCr 2.5TCr 3.84TCr

Small Gold Bar

876.89Cr 1.08TCr 1.29TCr 1.03TCr 1.04TCr

Others

290.4Cr 307.78Cr 207.81Cr 827.82Cr 1.02TCr

Silver Metal

12Cr 6.95Cr 56Cr 122.38Cr 135.85Cr

Silver Outsourcing

1.3Cr 6.15Cr - - -

Zinc Metal

30.39T 9L 8.17Cr 29Cr 28Cr

Lead Metal

2.21Cr 1.51Cr 6.27Cr 17Cr 18Cr

Copper Metal

6.05Cr 9.41Cr 10Cr 12Cr 12Cr

Iron Ore Concentrates

2.4Cr 2.12Cr 2.86Cr 2.96Cr 3.37Cr

Geographical breakdown of sales: Shandong Gold Mining Co., Ltd.

Fiscal Period: December 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

The People's Republic of China (The PRC)

3.12TCr 4.7TCr 5.66TCr 7.34TCr 8.94TCr

Overseas

244.29Cr 302.83Cr 267.65Cr 916.55Cr 1.49TCr

Executive Committee: Shandong Gold Mining Co., Ltd.

Manager TitleAgeSince
Chief Executive Officer 49 14/08/2025
Director of Finance/CFO 60 14/08/2025
Investor Relations Contact - -
Corporate Secretary 31 27/08/2025
Corporate Secretary - 27/08/2025

Composition of the Board of Directors: Shandong Gold Mining Co., Ltd.

Director TitleAgeSince
Director/Board Member 49 -
Chairman 62 11/05/2016
Director/Board Member 47 30/12/2020
Director/Board Member 53 24/02/2020
Chairman 57 16/06/2022
Director/Board Member 59 30/12/2020
Director/Board Member 57 30/12/2020
Director/Board Member - 14/08/2025
Chairman - 14/08/2025
Director/Board Member - 14/08/2025

Shareholders: Shandong Gold Mining Co., Ltd.

NameEquities%Valuation
Shandong State-Owned Asset Sup. & Adm. Commission
54.63 %
1,97,46,67,566 54.63 % 9 935 M ¥
China Securities Finance Corp. Ltd.
1.314 %
4,74,89,125 1.314 % 239 M ¥
China Asset Management Co., Ltd.
1.117 %
4,03,59,620 1.117 % 203 M ¥
Huatai-PineBridge Fund Management Co., Ltd.
1.008 %
3,64,23,759 1.008 % 183 M ¥
China International Capital Corp. Ltd. (Invt Management)
0.9125 %
3,29,80,108 0.9125 % 166 M ¥
NameEquities%Valuation
Schroder Investment Management (Hong Kong) Ltd.
4.651 %
4,63,01,460 4.651 % 168 M ¥
4.257 %
4,23,75,950 4.257 % 153 M ¥
BlackRock Fund Advisors
3.054 %
3,04,04,250 3.054 % 110 M ¥
Da Cheng Fund Management Co., Ltd.
2.609 %
2,59,74,000 2.609 % 94 M ¥
Maxwealth Fund Management Co., Ltd.
1.792 %
1,78,42,000 1.792 % 65 M ¥

Holdings: Shandong Gold Mining Co., Ltd.

NameEquities%Valuation
80,22,51,840 32.27% 3 058 M $

Company details: Shandong Gold Mining Co., Ltd.

Shandong Gold Mining Co., Ltd.

No. 2503 Jingshi Road

250107, Jinan

+86 53 16771 0376

http://www.sdhjgf.com.cn
address Shandong Gold Mining Co., Ltd.(600547)

Group companies: Shandong Gold Mining Co., Ltd.

NameCategory and Sector
Precious Metals
Precious Metals

Gold Refining

Change 5d. change 1-year change 3-years change Capi.($)
-5.03%-11.31%+8.95%+32.97% 2.15TCr
-5.01%-7.60%+77.88%+189.98% 13TCr
-5.15%-13.42%+51.20%+142.67% 639.1Cr
-0.92%-3.36%+58.24%+154.12% 61Cr
-2.04%+2.81%+31.99%+104.26% 19Cr
Average -3.63%-5.24%+45.65%+124.80% 3.16TCr
Weighted average by Cap. -5.00%-7.62%+67.28%+166.45%
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
31.90CNY
Average target price
48.11CNY
Spread / Average Target
+50.82%

Annual profits - Rate of surprise

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