Gold sold “burst”! Some stores sell 460 million yuan a month! How will the future gold price go? Authoritative analysis

Today, welcome new year and visit famous enterprises entered China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd. China National Gold Group Gold Jewellery Co.Ltd(600916) group is a large comprehensive gold industry group integrating upstream and downstream industrial chains such as geological exploration, beneficiation and smelting, processing and sales. It is also the only central enterprise in the gold industry.

China National Gold Group Gold Jewellery Co.Ltd(600916) how to ensure the safety of mineral resources? What will happen to China National Gold Group Gold Jewellery Co.Ltd(600916) consumption this year? The reporter conducted an exclusive interview with Lu Jin, chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) .

China National Gold Group Gold Jewellery Co.Ltd(600916) : take ensuring the safety of mineral resources as the “lifeline” of the enterprise

Every holiday, China National Gold Group Gold Jewellery Co.Ltd(600916) Group Chairman Lu Jin always goes to the gold shop near the office building to choose some gifts for his family and friends. At the jewelry counter, he took a fancy to a pair of “dragon and Phoenix cards”, this kind of “ancient gold” jewelry made of ancient Silk cutting and engraving technology is very popular with consumers.

Lu Jin, Secretary of the Party committee and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: its process is very exquisite. The processing cost of 1 gram of ordinary gold jewelry is about 12 yuan, which may be 50 yuan. This product is sold very well now, and young people like it very much.

China has become the world’s largest gold consumer for 14 consecutive years

Near the Spring Festival, the gold market also ushered in a consumption peak. in just one month, the store sold 1.2 tons of gold, with total sales expected to reach 460 million yuan. According to the preliminary statistics of China National Gold Group Gold Jewellery Co.Ltd(600916) Association, the national gold consumption is expected to exceed 1100 tons in 2021, ranking first in the global gold consumption for the 14th consecutive year . Lu Jin introduced that in addition to technology, consumers pay more attention to the value preservation function of gold.

Lu Jin, party secretary and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: the highest point in 2020 is 460 yuan a gram. 1000g gold bars rose from 250000 yuan to 460000 yuan. In 2021, the whole gold market is relatively stable, and the average price is basically 360 yuan per gram. In 2022, the gold price should still be able to maintain its current price.

In Lu Jin’s eyes, gold is not only a commodity and financial product, but also an important mineral resource of the country. According to the preliminary statistics of China National Gold Group Gold Jewellery Co.Ltd(600916) Association, the national mineral gold output was about 330 tons in 2021, which was the seventh consecutive year that China National Gold Group Gold Jewellery Co.Ltd(600916) output showed a downward trend.

Reporter Meng XiaBing: what impact will the decline in output have on the whole gold industry?

Lu Jin, party secretary and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: some gold resources from abroad are about 600 tons every year, and the external dependence of gold basically reaches 60%. As a central enterprise, we are very anxious.

China National Gold Group Gold Jewellery Co.Ltd(600916) will intensify mineral exploration

Although China National Gold Group Gold Jewellery Co.Ltd(600916) is well known as a gold consumption brand, the more important business of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd. is the exploration, mining and smelting of upstream minerals. China has one belt, one road and 25 important gold and non-ferrous production bases in China and the “one belt and one way” important metallogenic belt. The gold and copper reserves and mineral output all rank in the forefront of China’s mining industry. China National Gold Group Gold Jewellery Co.Ltd(600916)

Lu Jin, Secretary of the Party committee and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: the gold reserves of our group are more than 2000 tons, but those that can be mined and can form mining value should be greatly reduced, so we still need to strengthen geological exploration in the next step.

The central economic work conference stressed the need to enhance China’s resource production support capacity, implement a new round of strategic action to make breakthroughs in prospecting, and give play to the supporting role of state-owned enterprises.

Lu Jin believes that the first step to ensure resource security is naturally prospecting , which is also an important work for them in 2022.

Lu Jin, party secretary and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: we should set up a geological company to provide guarantee for our group’s resources and increase investment in this area. In addition, we have conducted a comprehensive evaluation of the deep surrounding the existing mine, especially in some important metallogenic zones, where new resources may be found, we will increase the deep exploration around the mine.

in 2022 China National Gold Group Gold Jewellery Co.Ltd(600916) will invest 300 million yuan to build a digital mine

In addition to exploring new mineral resources, existing resources should also reduce costs and increase efficiency. Technological innovation is an important starting point.

On the mine in Wushan, Inner Mongolia, there are no workers in the huge workshop, and all operations are completed in front of the screen in the monitoring room. Unmanned vehicles and UAVs complete all transportation and patrol inspection in the mining area. This method of improving work efficiency and ensuring production safety through digital technology is data mine construction. The improvement of technology has greatly improved the operating efficiency of enterprises.

Lu Jin, party secretary and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: the mine will make a profit of 1.45 billion in 2021. I think it may be better this year, which is also the benefit brought by scientific research. We strive to make high-altitude mines unmanned.

According to Lu Jin, it is estimated that in 2022, China National Gold Group Gold Jewellery Co.Ltd(600916) will continue to invest about 300 million yuan to build a digital mine and promote the digital control of the whole smelting process. Some enterprises will reduce front-line personnel by more than 10% through digital construction to further improve quality and efficiency.

Reporter Meng XiaBing: China National Gold Group Gold Jewellery Co.Ltd(600916) what are the plans for 2022?

Lu Jin, party secretary and chairman of China National Gold Group Gold Jewellery Co.Ltd(600916) Group Co., Ltd.: we should strengthen resource M & A. Once you have good resources, you will not hesitate to sell. Only when the job of mineral resources is in your own hands can you have a sense of security.

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