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Source: Eastmoney Choice Data
Since this year, the price of gold has risen rapidly in a row, triggering a "gold rush". The international COMEX gold futures have reached new heights for many times, and the full gold price of many well-known brand gold stores in China has also exceeded 700 yuan/g.
Data source: Choice financial terminal Xiaoqi inquired about the big financial model of Fantasy and learned that the reasons for the continuous rise of gold price are Inflation expectations, geopolitical risk aversion demand and financial speculation caused by the Federal Reserve's interest rate cut And other traditional factors Central banks continued to increase their holdings of gold, and gold demand in China's market rose And other new factors.
As of April, the global official gold reserves have increased for 9 consecutive months; China's official gold reserves have increased for 17 consecutive months, with a cumulative increase of 10.1 million ounces (about 286.33 tons).
Can the "gold rush" continue?
Citi bank Analysts said that in the next 12 to 18 months, the gold price may soar to $3000 per ounce 。 Under the circumstance that the global central banks accelerate the purchase of gold, the purchase of gold may double. According to this result, the future gold price may exceed RMB 750/g 。 Goldman Sachs The year-end target price of gold was also raised to 2700 US dollars/ounce from 2300 US dollars/ounce.
Looking back at the trend of gold price in the past 50 years, the first round of gold market was the sharp rise of gold price caused by the two oil crises since the 1970s. By the end of 1980, the gold price had risen from 35 dollars/ounce to 628 dollars/ounce during this period, an increase of more than 1600%; The second round of gold market was triggered by the Internet stock bubble and the global financial crisis from the beginning of this century, and peaked in 2011, with an increase of nearly 500%.
The current gold price, calculated from the low price in 2016, has risen by nearly 120%.
The hot gold market is also reflected in the performance of A-share gold listed companies, and many gold shares have "soaring profits".
Statistical date: 2024.04.28 at the beginning of this year
According to the performance report of the first quarter of this year issued by 10 gold listed companies, zijin mining Ranked first in the industry with an operating income of 74.777 billion yuan and a net profit of 7.639 billion yuan; In terms of growth, Xiaocheng Technology 、 Western Gold 、 Shandong Gold 、 Hunan Gold The year-on-year growth rate of net profit in the first quarter of.
In terms of stock price performance, most gold stocks have risen this year, zijin mining 、 Hunan Gold It has risen by more than 40% since the beginning of the year.
Some investors may ask why there is such a big difference between the rise and fall of the stock prices of different companies because they are all gold stocks? An important factor is that the gold business accounts for different proportions of the revenue of each company.
In short, companies that "have gold at home" can directly enjoy the profit growth brought by the rise in gold prices, such as zijin mining 、 Shandong Gold 。 Although some companies are also engaged in gold business, they belong to the processing, production and sales end, so the gross margin is not high.
Which company contains the largest amount of "gold"?
If the company's performance is mainly determined by the current production capacity of gold, then the amount of gold resources determines the future potential of the company.
Which domestic listed company Gold resources What is the largest reserve? Xiao Qi made a summary for everyone.
Note: Resources refer to the solid mineral resources that are expected to be economically exploitable after being identified by mineral resources exploration and roughly studied, including inferred resources, controlled resources and proved resources.
Listed companies with the highest gold content in China are Zhaojin Gold Industry 、 Shandong Gold 、 Chifeng Gold 。 Among them, those listed in Hong Kong shares Zhaojin Gold Industry tenure Gold resources 1185 tons, equivalent to 100 million shares Gold resources The volume reached 34.83 tons. zijin mining The amount of gold resources is the largest, close to 3000 tons. However, due to the large number of businesses, the amount of gold resources per 100 million shares is about 11.39 tons, ranking in the middle of the list.
Of course, the amount of gold resources is only one dimension to evaluate gold companies, and will eventually be affected by the listed companies' own operating capacity, market supply and demand, market sentiment and other factors. Interested investors can continue to study in depth.
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