Chinese gold enterprises have raked in a profit of 1.07 billion yuan between January and April, up 41.15 percent over the same period of last year, statistics from the China Gold Association (CGA) said in Beijing Monday.

According to Monday's China Securities Journal, China produced 60.258 tons of gold in the first four months of this year, up 2.85percent year-on-year, generating a combined industrial output value of 11.098 billion yuan, up 27.55 percent over the same period of last year.

CGA statistics also revealed that China's gold mines have produced 45.892 tons of gold in the first four months, down 7.52 percent year on year; while smelting enterprises produced 28.142 tons, up 6.49 percent.

In a breakdown, gold output of Jiangxi Copper Group grew 10.15 percent year on year in the period; that of Anhui Tongling Nonferrous Metal Group Company, 77.18 percent; that of Yunnan Copper Group Company, 42.4 percent. Gold output of Hubei Daye Nonferrous Metal Company dropped 41.96 percent.

During this period, the Shanghai Gold Exchange has concluded a gold transaction volume of 297,247.3 kg, up 52.54 percent year on year. To be specific, the volume of No. 1 gold traded grew 73.44 percent; that of No. 2 gold, 36.13 percent; and that of platinum, 32.01 percent.

Source: Xinhua