Shandong Gold Mining Co., Ltd. (1787.HK) Bundle
Founded in 1975 and headquartered in Jinan, Shandong Gold Mining Co., Ltd. has grown into one of China's leading gold producers with a vertically integrated model that spans exploration to refining, boasting assets of CN¥225.4 billion, a global workforce of over 30,000 employees (including more than 15,000 local workers), and 2024 results of CN¥82.52 billion in revenue and CN¥2.95 billion in net income; its mission stresses high-quality, sustainable production-backed by a 2023 investment of CN¥600 million in sustainability and CN¥200 million for community development-while targeting a 30% reduction in greenhouse gas emissions by 2025 and securing all operating sites as Green Mines (13 national, 9 provincial); pursuing a vision of becoming a world-class, technologically advanced and sustainable mining enterprise, accelerating international expansion across Argentina, Australia, Canada, Ghana and Namibia, implementing mixed-ownership reforms and market-oriented incentives, and aiming to double market value to CN¥200 billion by the end of the 14th Five-Year Plan, all under core values of openness, inclusiveness, integrity, responsibility, safety-first and talent development to drive resource efficiency, green development and stakeholder value
Shandong Gold Mining Co., Ltd. (1787.HK) - Intro
Shandong Gold Mining Co., Ltd. (1787.HK) is a state-owned enterprise headquartered in Jinan, Shandong Province, focused on exploration, mining, smelting and refining of gold and non-ferrous metals. Founded in 1975, the company has built a vertically integrated model covering the full value chain from upstream exploration to downstream refining and trading, supporting operational efficiency and market competitiveness.
Mission
- To be a world-class, responsible precious metals enterprise delivering long-term value to stakeholders through safe, efficient and innovative mining and refining operations.
- To ensure stable supply of strategic mineral resources while advancing low-carbon, ecological mining practices.
- To drive sustainable growth and shareholder returns via disciplined capital allocation, operational excellence and international expansion.
Vision
- Become a global leader in the gold industry recognized for technical excellence, environmental stewardship and integrated value-chain capabilities.
- Expand international footprint across resource-rich jurisdictions while maintaining China-based refining and R&D leadership.
Core Values
- Safety-first: zero-tolerance for preventable incidents.
- Integrity and compliance: strict adherence to laws, standards and ESG commitments.
- Innovation: continuous improvement through technology, digitalization and metallurgical R&D.
- Sustainability: ecological stewardship, community engagement and resource-efficient operations.
- People-centric: investment in workforce skills, welfare and inclusive growth.
Key Facts & Financial Snapshot (2024)
| Metric | Value |
|---|---|
| Founded | 1975 |
| Headquarters | Jinan, Shandong Province, China |
| Employees | Over 30,000 |
| Total Assets | CN¥225.4 billion |
| Revenue (2024) | CN¥82.52 billion |
| Net Income (2024) | CN¥2.95 billion |
| Stock Symbol | 1787.HK |
| Operating Mines with Green Mine Recognition | 22 (13 national-level, 9 provincial-level) |
| Major International Presence | Argentina, Australia, Canada, Ghana, Namibia |
Strategic Priorities
- Strengthen vertical integration: optimize exploration-to-refining synergies and metallurgical margins.
- Selective international expansion: pursue high-quality assets in stable jurisdictions to diversify reserve base.
- ESG leadership: complete green mine certifications, reduce carbon intensity, and invest in tailings and water management.
- Operational excellence: increase ore recovery rates, lower unit costs and deploy automation across mines.
ESG & Green Mining Commitments
All operating mines have been recognized as 'Green Mines,' including 13 at the national level and 9 at the provincial level, reflecting investments in environmental management, reclamation and energy efficiency. Key performance indicators tracked include greenhouse gas intensity per ounce, water use per tonne processed, and tailings stability metrics.
For a deeper review of history, ownership and the company's broader strategy, see: Shandong Gold Mining Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Shandong Gold Mining Co., Ltd. (1787.HK) - Overview
Shandong Gold Mining Co., Ltd. (1787.HK) centers its corporate purpose on producing high-quality gold while embedding sustainability, innovation, and social value into its operations. The company positions environmental stewardship, community development, and technological innovation as pillars that drive long-term value for shareholders and local stakeholders.- Mission: Deliver stable, high-quality gold production with sustainable practices that create measurable value for stakeholders and society.
- Vision: Be a leading, responsible global gold producer recognized for low‑impact operations, technological leadership, and strong social contribution.
- Core values: safety, integrity, innovation, environmental responsibility, and community engagement.
- Allocated sustainability investment: over CNY 600 million toward emission reductions and land rehabilitation.
- Community development spend: approximately CNY 200 million focused on education, healthcare, and infrastructure.
- Local employment: employs over 15,000 local workers, supporting job creation and workforce development.
- GHG target: committed to reducing greenhouse gas emissions by 30% by 2025.
| Metric | 2023 Figure | Notes |
|---|---|---|
| Sustainability investment | CNY 600,000,000+ | Targets emission reduction and land rehabilitation |
| Community development allocation | CNY 200,000,000 | Education, healthcare, local infrastructure |
| Workforce (local employees) | 15,000+ | Direct local employment across operations |
| GHG reduction target | 30% by 2025 | Company-wide emissions baseline reduction goal |
- Operational excellence: continuous improvement in ore processing efficiency and safety systems.
- Green transition: investments in energy efficiency, electrification, and rehabilitation technologies to meet the 30% GHG reduction target.
- Innovation: R&D and digitalization projects aimed at reducing costs and environmental footprint while improving recovery rates.
- Community partnerships: long-term programs in local education, healthcare, and infrastructure, backed by the CNY 200 million 2023 allocation.
Shandong Gold Mining Co., Ltd. (1787.HK) - Mission Statement
Shandong Gold Mining Co., Ltd. (1787.HK) positions itself as an emerging world-class, sustainable gold mining enterprise driven by technology, market integration, and state-owned enterprise reform. The company's strategic mission translates into measurable targets and operational priorities that align corporate governance reform with long-term value creation for shareholders and stakeholders.- Become a world-class sustainable gold mining enterprise through advanced technology, rigorous management, and international operation.
- Accelerate construction of a global gold industry base by prioritizing high-return projects and cross-border asset integration.
- Advance mixed-ownership reform and market-oriented incentive mechanisms to improve capital efficiency and corporate governance.
- Deliver superior investor returns by doubling market value to 200 billion yuan by the end of the 14th Five-Year Plan.
- Open and inclusive global integration: expanding overseas footprint while consolidating domestic resource advantages (existing overseas operations include acquisitions and projects in Australia, South America and Central Asia).
- Technology-led productivity: investing in mineral exploration tech, automation, metallurgy R&D and tailings/energy efficiency to reduce unit costs and carbon intensity.
- Sustainable development: embedding environmental, social and governance (ESG) metrics into capital allocation and project approval processes.
- Corporate reform: accelerate mixed-ownership reforms, introduce market-based salary/incentive systems, and prepare select subsidiaries for broader capital market listings.
| Metric | Company Target / Status |
|---|---|
| Market value target (end of 14th Five-Year Plan) | 200 billion yuan (target to double current implied market value) |
| Corporate reform focus | Faster SOE reform, mixed-ownership, market-oriented incentives |
| Geographic strategy | Strengthen domestic resources; expand international listings and overseas mining projects |
| Industrial goal | Build a world‑class gold industry base via accelerated project construction |
| Strategic priorities | Technological innovation, sustainable development, investor returns |
- Project acceleration: expedite permitting, construction and commissioning of priority mines and processing facilities to lift attributable production and cash flow.
- Capital markets: pursue selective listings and capital-raising internationally to improve liquidity and valuation discovery.
- Governance & incentives: roll out mixed-ownership pilots, refine board composition and implement performance-linked compensation to align management with shareholder value targets.
- ESG integration: reduce carbon intensity per ounce, improve tailings safety and increase community investment to de-risk operations and attract ESG-sensitive capital.
Shandong Gold Mining Co., Ltd. (1787.HK) Vision Statement
Shandong Gold Mining Co., Ltd. (1787.HK) positions itself as a leading global gold producer committed to sustainable value creation for stakeholders through safe, responsible, and innovative mining. Its vision centers on building an ecological, technologically advanced, and socially responsible mining enterprise that delivers long-term returns while safeguarding people and the environment.- Openness & inclusiveness: fostering transparent governance, partnerships, and cross-border cooperation to expand resource and market portfolios.
- Loyalty & responsibility: aligning management and employee behavior with long-term corporate interests and social obligations.
- Integrity, simplicity & honesty: emphasizing ethical conduct across procurement, exploration, production and capital markets interactions.
- Benefit distribution: committing to benefit employees, reward shareholders, and contribute to society and national prosperity.
- Safety & environmental priority: targeting zero accidents in production and environmental protection through stringent systems and investment.
- Resource efficiency & green development: pursuing higher recovery rates, energy efficiency, water recycling and lower emissions to create ecological mining practices.
- Talent cultivation: selecting and developing morally sound, professionally competent personnel to lead innovation and operations.
Quantitative commitments and recent operational snapshot (publicly reported / investor-communication highlights):
| Metric | Latest Reported Figure | Notes |
|---|---|---|
| FY Revenue | RMB 84.3 billion | Consolidated revenue reflecting mining, processing and downstream metal sales (latest fiscal year) |
| FY Net Profit (attributable) | RMB 10.5 billion | Net earnings after tax attributable to shareholders |
| Gold Production | 38.2 tonnes | Total attributable gold output across domestic & overseas operations |
| Total Assets | RMB 150.6 billion | Consolidated asset base including mining rights and overseas investments |
| Employees | ~35,000 | Global headcount across operations, R&D and corporate functions |
| Safety Target | Zero accidents | Formal KPI embedded in executive appraisal and incentive systems |
| Carbon & Water Goals | Intensity reductions: 20%-30% target range | Medium-term targets to reduce energy/carbon and improve water recycling rates |
How the vision translates into practice
- Operational excellence: continuous improvement programs target ore recovery increases and unit cost reductions while meeting strict environmental thresholds.
- Capital allocation: prioritizing projects with strong ESG returns, greenfield exploration balanced with value-enhancing M&A and downstream processing upgrades.
- Safety & ESG investments: funding advanced monitoring, tailings management upgrades and water-reuse systems; linking executive compensation to safety and environmental KPIs.
- R&D and innovation: deploying digital mine technologies, metallurgical improvements and low-carbon energy solutions to drive resource efficiency.
- Human capital: talent pipelines, leadership development, and performance systems to ensure selection and retention of high-calibre personnel with ethical standards.
- Stakeholder engagement: transparent reporting, community programs and contributions to regional economic development aligned with national prosperity goals.
For investors and stakeholders seeking financial detail and analysis, see: Breaking Down Shandong Gold Mining Co., Ltd. Financial Health: Key Insights for Investors
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