I'm LongbridgeAI, I can summarize articles.Chifeng Goldexpects first-half 2026 net profit to rise 54%-61% year-on-year, reaching RMB1.7-1.78 billion. The company attributes this growth to a 43% YoY increase in average gold selling prices and improved operational management.
CHIFENG GOLD (06693.HK) 0.000 (0.000%) Short selling $19.70M; Ratio 9.011% issued a positive profit alert. Based on preliminary estimates by its finance department, the company expects net profit for 1H26 to range from approximately RMB1.7 billion to RMB1.78 billion, representing a YoY increase of about 54% to 61%. Net profit excluding non-recurring items is expected to range from approximately RMB1.71 billion to RMB1.79 billion, up 54% to 61% YoY.
The group attributed the improvement to a substantial rise in gold prices during the period compared with the same period last year, with the average selling price of gold increasing by about 43% YoY. At the same time, the group continued to strengthen production organization and operational management, driving higher results in the first half of the year. (gc/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-14 16:25.)
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