Recently, the trend of international gold prices has been relatively weak, and COMEX ** has fallen by 1 this year96% (as of 6 p.m. on February 19), which is in stark contrast to last year's momentum. However, the domestic gold price still maintained a strong position, Shanghai gold this year basically flat, since June last year, Shanghai gold trend has continued to be stronger than COMEX**.
The domestic gold price is stronger than the international one
In recent years, the performance of major types of assets such as domestic ** has been poor, and investors seeking more hedging and hedging tools have become one of the important choices. Against the backdrop of strong gold prices, weak performance of other renminbi assets, and successive announcements of gold purchases by the People's Bank of China during the year, ** has become increasingly popular, with domestic bar and coin sales remaining strong. According to the World** Association, China's domestic bar and coin sales were 83t in the fourth quarter of last year, up 35% year-on-year and 1% higher than the strongest third quarter since 2018. This performance also pushed total bar and coin demand to 280t in 2023, up 28% y-o-y and 6% above the 10-year average.
* The company's performance is expected to increase The volume and price of the domestic market have risen, which has pushed up the performance of the first listed company. Specifically, in the performance express reports that have been disclosed so far, many A-share ** listed companies such as Shandong**, CICC**, and Caibai Co., Ltd. will achieve substantial performance growth in 2023. 
Cuihua Jewelry expects a net profit attributable to the parent company of 1 in 2023200 million to 16.9 billion yuan, a year-on-year increase of 15101% to 2535%。The company said that the business of the jewelry sector was affected by the first grade, and the operating performance increased significantly. Shandong** is expected to have a net profit of 2 billion yuan to 2.5 billion yuan in 2023, a year-on-year increase of 6053% to 10066%, the company's announcement shows that **sales** are better than the same period last year. According to the company's announcement, **sales** were better than the same period last year. Chifeng** is expected to have a net profit of 7 in 2023600 million yuan-8300 million yuan, a year-on-year increase of 6847% to 8399%。At the same time, Chifeng ** said that the company's profit in 2023 will increase sharply year-on-year, mainly due to the production and sales in 2023, but there are also some ** stocks with obvious performance losses. West** expects a net loss of 2500 million yuan-3200 million yuan. According to the announcement, the reasons for the loss include a decline in electrolytic manganese metal sales**; Affected by the suspension of production of the subsidiary's main mines, the production and sales of self-produced gold decreased compared with the same period last year. Looking ahead, Wang Lixin, CEO of the World ** Association in China, believes that domestic demand for gold bars and coins may continue to remain strong in 2024. Continued central bank purchases and underlying geopolitical and economic uncertainty are likely to continue to support bar and coin sales in 2024. However, given the high gold price and the potential for slower revenue growth, bar and coin sales in 2024 may not be on par with 2023.
It is for investors' information only and does not constitute investment advice
Article**: Oriental Wealth Research Center).