On July 14, Lingbao Gold rose 5.06% in regular trading, trading at HKD 15.92/share, with turnover of HKD 299 million.

The rally was driven by the company's positive profit alert issued on July 13. Lingbao Gold expects net profit of RMB 950 million to RMB 1.05 billion for the six months ended June 30, representing a 42% to 57% increase from RMB 670 million in the same period last year. Revenue is projected at RMB 7.9 billion to RMB 8.1 billion, up 1% to 4% year-over-year.

The company attributed the strong earnings growth to higher gold prices, steady production operations, and continued cost-reduction measures. Additionally, Lingbao Gold completed the acquisition of a 50%+1 share equity interest in St Barbara Mining Pty Ltd on April 2, whose core asset is the producing Simberi gold mine in Papua New Guinea. The controlling shareholder also recently announced plans to acquire up to 16 million shares over the next 12 months, signaling confidence in the company's outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)