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the "wind" of a+h dual listing has blown to the golden track.

on august 30, chifeng jilong gold mining co., ltd. ("chifeng gold") submitted an application for listing on the hong kong stock exchange, intending to list on the main board of hong kong, with citic securities as the sole sponsor. the company is china's largest private gold producer, mainly engaged in gold mining, selection and sales.

it is worth mentioning that chifeng gold (600988.sh) was listed on the main board of the shanghai stock exchange in april 2004. its current share price is in the 16 yuan range, with a total market value of approximately 28 billion yuan.

regarding the purpose of this secondary listing in hong kong, the company stated that the funds raised will be mainly used for the renovation and exploration of existing mines, potential acquisitions, and general corporate purposes. from this, it is not difficult to see the company's determination to further improve its corporate governance and core competitiveness.

so, what is the true strength of chifeng gold?

with 7 gold mines, its performance depends on the gold price

chifeng gold, which is in the upper echelon of the domestic gold market, is obviously an excellent "gold digger" in the industry.

according to the data in the prospectus, as of the last practicable date, the company owned and operated seven gold and polymetallic mines in various parts of the world, including china, southeast asia and west africa.

according to the frost & sullivan report, chifeng gold ranks fifth among gold producers in china. as of march 31, 2024, the company had gold resources of 14.6 million ounces. in terms of gold production, it ranks fifth among listed gold producers in china, with gold production of 461.5 thousand ounces in 2023.