GLONGHUI, September 22 | Huatai Securities released a research report stating that it maintains China Gold International's “buy” rating. Based on the actual prices of copper and gold prices since August, the copper price for 23-25 was lowered to 6.9/6.9/71,000 yuan/ton, and the 23-25 annuity price was raised to 441/470/470 yuan/gram. It is estimated that the company's net return profit for 23-25 will be 0.14/3.26/331 million US dollars (previous value: US$0.11/338/US$341 million), with a target price of HK$45.04. The bank is optimistic about the trend of copper and gold prices in the medium term, and the company is expected to fully benefit as a copper and gold mining enterprise. The company is also a high-quality target that relies on state-owned enterprises, has low valuations, and high dividend rates.