- Business
- Zhaojin International Gold Co., Ltd. (000506.SZ) engages principally in the exploration, mining, processing, and sales of gold and other mineral resources in China. The company produces standard gold bullions including Au9999 and Au9995 grades; it also operates in real estate investment and equity investments in mineral-related enterprises. Founded in 1988 and headquartered in Jinan, Shandong Province, China, Zhaojin International Gold maintains operations primarily within China, targeting domestic gold markets and resource development sectors.
In recent developments, the company changed its name from Zhongrun Resources Investment Corp. to Zhaojin International Gold Co., Ltd. in July 2025 following strategic involvement by Zhaojin Group affiliates. Zhaojin Ruining Mining Co., Ltd., a key shareholder, signed a letter of intent in March 2025 to acquire a 51% stake in New King International Limited for approximately CNY 670 million, marking a significant expansion in its mining asset portfolio. For the nine months ended September 30, 2025, the company reported sales of CNY 339.98 million, up from CNY 154.88 million a year earlier, with net income of CNY 82.16 million versus a prior-year loss, driven by higher gold volumes, prices, and cost optimizations.