Gold industry

The annual output of gold in Yantai in 2015 totaled 173.92 tons, down by 0.15 percent year on year.

The city's four leading gold industrial enterprises Shandong Gold Group, Shandong Zhaojin Group, Shandong Zhongkuang Group, and Humon Group achieved revenue of 45.6 billion yuan, 45.5 billion yuan, 26 billion yuan, and 14.6 billion yuan respectively from their major businesses in 2015. Their total revenue accounted for 81.17 percent of the revenue of the city's entire gold industry.

Technological innovation and progress have also been made. Zhaojin Group has launched 36 key technological innovation projects and completed 22 projects, applied 51 patents, won the second prize of provincial-level scientific and technological advancement award.

The city focuses a lot on gold mine prospection. In 2015, it has invested over 500 million yuan in gold prospection and found 160 tons of new gold resources. Among that, Zhaojin Group invested 130 million yuan and obtained 54 tons of gold resources. Zhongkuang Group invested 35.89 million yuan and gained 16.72 tons of gold resources. By the end of 2015, the city has total of 2,877 tons of gold resources.

The 7th Shandong (Yantai) International Gold, Jewelry & Jade Expo also took place in June 2015, attended by thousands of exhibitors and display more than 10,000 jewelries, making the expo the large jewelry event in Shandong.