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The defensive properties of gold have once again emerged, with the Gold ETF and GF Shanghai Gold ETF rising, gaining over 20% this year.
With Trump's "reciprocal tariffs" implemented, spot gold has risen to $3160 per ounce, setting a new historical high. A-shares of gold stocks opened high across the board, with Western Region Gold up 5.8% and Beijing Xiaocheng Technology Stock rising over 3%. In terms of ETFs, Qianhai Kaiyuan Gold fund, CCB Principal Shanghai Gold ETF, BOC Shanghai Gold ETF, Guotai Gold fund ETF, ChinaAMC Gold ETF, Huaan Gold ETF, Wanjia Gold ETF, E Fund Gold ETF, ICBC Credit Suisse Gold ETF fund, Southern Gold ETF, and Harvest Shanghai Gold ETF fund all rose over 1.5%, with a year-to-date increase of 20% in the current A-share market.
Western Gold: Western Gold Co., Ltd. 2024 Annual Report Summary
Western Gold: Western Gold Co., Ltd. 2024 Annual Report
Western Gold Co., Ltd. 2024 Annual Report
Western Gold Co., Ltd. 2024 Annual Report Summary
Western Region Gold (601069.SH): Net income of 0.29 billion yuan in 2024, turning losses into profits year-on-year.
On April 1st, Gelonghui announced that Western Region Gold (601069.SH) published its annual report for 2024, achieving revenue of 7 billion yuan during the reporting period, a year-on-year increase of 56.68%. The net income attributable to shareholders of the listed company was 0.29 billion yuan, turning profitable compared to the same period last year; the basic EPS was 0.3143 yuan. It plans to distribute a cash dividend of 0.5 yuan (after tax) for every 10 shares to all shareholders. The reason for the increase in net income attributable to shareholders of the listed company and the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses compared to the same period last year is: an increase in the sales volume of gold produced from owned mines compared to the same period last year and an increase in sales prices compared to the previous year.