Shandong Gold recently released major operating data from January to February. The data show that Shandong Gold's mineral gold output increased by about 24% from January to February compared with the same period last year, sales revenue increased by about 19%, and total profits increased by about 54% compared with the same period last year. Net profits belonging to shareholders of listed companies increased by about 66% year-on-year.
As a full member of the World Gold Council, Shandong Gold has established a world-class gold production and resource reserve base in the northwest of Shandong Jiao, forming a complete industrial chain of exploration, mining, mineral processing, refining and deep processing and sales of gold products. The core technologies of gold mining, such as deep exploration, submarine mining, deep well mining and intelligent mining, are in a leading position in the industry. Mineral resources development bases have been established in seven provinces and regions, including Inner Mongolia, Fujian and Hainan, and polymetallic mining, metallurgy and trade of gold, silver, lead and zinc have been carried out.
Shandong Gold announced its performance pre-loss in January, saying that the total profit in 2021 is expected to be profitable, and the net profit attributed to shareholders of listed companies is expected to be between-190 million yuan and-285 million yuan, a decrease of 2.236 billion yuan to 2.331 billion yuan compared with the same period last year. 109% to 114% year-on-year.
With regard to the reasons for the pre-loss of performance in 2021, Shandong Gold said that the safety inspection of mines in Shandong Province in 2021 has been carried out since the beginning of February, which has greatly affected production capacity and reduced the company's profits.
In the face of the above situation, the company has strengthened the guidance of strategic planning, set up special classes for key work, fully promoted the resumption of work and reached production, comprehensively strengthened lean management, accelerated the integration of resources, paid close attention to safety and environmental protection, and effectively promoted reform and innovation, with remarkable results. The gold output of the company's mines has gradually increased since the second half of 2021, and the total gold output from November to December exceeded the company's gold output in the same period in 2020. Due to the extent of production cuts in the first half of 2021, the company's annual gold production in 2021 fell by about 35% compared with the same period last year.
