研報掘金丨民生證券:山東黃金23年業績大幅增長,維持“推薦”評級
民生證券研報指出,山東黃金(600547.SH)23年業績大幅增長,黃金龍頭兼具成長。Q4歸母淨利潤9.83億元,同比增加77.71%,環比增加111.11%;扣非歸母淨利9.34億元,同比增加70.40%,環比增加134.38%,業績超我們此前預期。目前公司擁有焦家礦區(整合)金礦開發、新城金礦整合開發、納穆蒂尼金礦工程、赤峯柴胡欄子公司採選2000t/d擴建工程四個較大的金礦開採建設工程,上述項目落地後有望大幅提升公司產能。考慮到公司作為黃金行業龍頭,併購銀泰資源大幅增加產儲量,自由礦山經過資源整合後有望進一步釋放產量,維持“推薦”評級。
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