Yintai Gold: Net profit for first 3 quarters of 2020 expected to grow 42.78% to 48.86% YoY

NBD AI Bulletin -- Yintai Gold Co., Ltd. (the Company, SZ 000975, closing price: 10.79 yuan) released its earnings guidance on October 13. For the first three quarters of 2020, net profit attributable to shareholders of the listed company is expected to be around 940 million yuan to 980 million yuan, an increase of 42.78% to 48.86% year on year; Basic earnings per share is about 0.3385 yuan to 0.3529 yuan.

For the third quarter of 2020, net profit attributable to shareholders of the listed company is expected to be around 330 million yuan to 370 million yuan, an increase of 49.79% to 67.95% year on year; Basic earnings per share is about 0.1188 yuan to 0.1332 yuan.

The change in performance was mainly due to the fact that during the reporting period, the Company's mines were running well. The growth in net profit was mainly contributed by rising gold prices and an increase in profits generated by Qinghai Dachaidan Mining Limited.

According to the semi-annual report of 2020, Yintai Gold Co., Ltd. mainly engages in others and non-ferrous metal mining, accounting for 55.29% and 43.68% of its revenue, respectively.

Yintai Gold Co., Ltd.'s chairman is Yang Haifei, male, 53 years old, graduated from Nankai University, with a master's degree. The Company's general manager is Ou Xingong, male, 46 years old, graduated from China University of Geosciences (Wuhan), with a doctoral degree.

Tips on "Stock Trends":

1. The number of shares held by northbound investors increased by 5.0773 million in the past 30 days, accounting for 0.87% of the Company's circulating shares. 

2.There was no institutional research on the Company in the past 30 days. 

(By Tan Yuhan)

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