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China Gold International Resources Corp Ltd
HKEX:2099

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China Gold International Resources Corp Ltd
HKEX:2099
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Price: 160.6 HKD -4.52% Market Closed
Market Cap: 63.7B HKD

China Gold International Resources Corp Ltd
Investor Relations

China Gold International Resources Corp Ltd., a shining player in the global mining landscape, stands as a bridge connecting China’s vast mineral wealth with international markets. This company, listed on both the Hong Kong Stock Exchange and Toronto Stock Exchange, operates with a robust backing from its parent company, China National Gold Group Corporation. Headquartered in Vancouver, Canada, China Gold International is primarily engaged in the exploration, development, and production of gold and other minerals. Its strategic operations are centered around two principal assets in China: the Chang Shan Hao (CSH) Gold Mine in Inner Mongolia and the Jiama Copper-Gold Polymetallic Mine in Tibet. Through these substantial mining ventures, the company not only extracts gold but also delves into copper and silver mining, adding diversity to its revenue streams.

The functioning of China Gold International is a quintessential model of a vertically integrated mining operation. From initial exploration and mining through to processing and ultimately marketing, the company capitalizes on every facet of the value chain. At the CSH Gold Mine, one of China’s largest open-pit gold mines, the company employs heap leaching techniques to efficiently extract gold from low-grade ore, driving substantial production volumes. Meanwhile, the Jiama Mine presents a complex profile with its blend of copper and gold, demanding expert processing capabilities to maximize yields. This varied mineral portfolio allows China Gold International to hedge against price volatility and bolster its revenue stability. By leveraging operational expertise, a strategic market position, and governmental affiliations, China Gold International advances its objective of not only realizing shareholder value but also contributing to the broader aims of China's economic mineral strategy.

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2099
Hang Seng (Hong Kong)
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Last Earnings Call
Fiscal Period
Q2 2022
Call Date
Jul 31, 2022
AI Summary
Q2 2022

Revenue Growth: Segment revenue reached $240 million in Q2, up 66% year-on-year, driven by strong activity in the DDE (data, digital, earth) segment.

Profitability: Segment EBITDA was $126 million, tripling year-on-year with a 52% margin, reflecting improved business mix and cost reductions.

Guidance Unchanged: Management confirmed full-year guidance remains unchanged, despite some delays in large tenders and softness in the Sensing & Monitoring (SMO) segment.

SMO Delay: Large equipment deals, especially in Saudi Arabia, have shifted to 2023, with stronger growth expected in H2 2022 and next year.

Cash Flow: Net cash flow for Q2 was negative $56 million, but remained positive $13 million for the first half, including building sales and acquisition costs.

Market Outlook: Management sees a multi-year industry upcycle ahead, especially as oil and gas exploration resumes and energy transition accelerates.

M&A Activity: Sercel completed the acquisition of Geocomp and was selected for ION Geophysical's software business to expand infrastructure monitoring and diversify offerings.

Key Financials
Segment Revenue
$240 million
Segment EBITDA
$126 million
Segment EBITDA Margin
52%
Segment Operating Income
$66 million
Net Income
$16 million
Net Cash Flow (Q2)
-$56 million
Net Cash Flow (H1)
$13 million
SMO Segment Revenue
$46 million
DDE Segment Revenue
$194 million
Geoscience External Revenue
$17 million
Geoscience Order Intake Volume
up 61% year-on-year (Jan–Jun 2022)
Earth Data Cash CapEx
$75 million
Prefunding Revenue
$36 million
Prefunding Rate
48%
Earth Data After Sales
$88 million
Group Liquidity
$417 million
Net Debt
$812 million
Segment Leverage Ratio (Net Debt/Adjusted EBITDA)
2.1x
Capital Employed
$1.93 billion
Earnings Call Recording
Other Earnings Calls
2022

Management

Ms. Zheng Wang
Chief Financial Officer
No Bio Available
Ms. Na Tian
Executive Director
No Bio Available
Mr. Yuanhui Fu
VP & Executive Director
No Bio Available
Mr. Jerry Xie
Executive VP & Corporate Secretary
No Bio Available
Mr. Huan Cai
Senior Engineer
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
505 Burrard Street, Suite 660, Box 27
Contacts