The sales price of gold rose together and the operating income of western gold H1 increased by 83.05% compared with the same period last year.

SMM8, March 31: according to the results released by Western Gold a few days ago, the company realized operating income of 2481844645.56 yuan in the first half of 2020, an increase of 83.05% over the same period last year, and realized a net profit of 7034172.10 yuan belonging to shareholders of listed companies, an increase of 5025.16% over the same period last year.

The report points out that the increase in operating income in the current period is mainly due to the increase in sales of standard gold produced by the company from the same period last year, and the increase in sales prices over the same period last year, resulting in an increase in operating income over the same period last year.

The increase in net cash flow from operating activities over the same period last year is mainly due to the larger increase in cash received by the company in selling goods and providing services during the reporting period compared with the same period last year, resulting in an increase in cash inflow from operating activities. the increase in cash inflow from operating activities is greater than that of cash outflow from operating activities, so the net cash flow generated by operating activities increases.

The increase in net profit belonging to shareholders of listed companies and net profit after deducting non-recurring profits and losses belonging to shareholders of listed companies over the previous year is mainly due to the increase in the sales price of standard gold for major products over the same period last year, resulting in an increase in net profit.

Western Gold is currently the largest modern gold mining and smelting enterprise in Northwest China, with major gold production mines such as Hatu Gold Mine, Ashi Gold Mine and Hami Gold Mine owned by Yili Company. and Urumqi Tianshan Star Precious Metals smelting Co., Ltd., a gold refining enterprise certified by Shanghai Gold Exchange. The company's main business is gold mining and smelting, while engaged in iron ore mining and chromium ore mining. During the reporting period, the company's main products are gold.

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