CHIFENG GOLD (06693) saw an increase of over 4% before noon. As of the time of writing, the stock was up 3.95%, trading at HKD 37.88, with a turnover of HKD 128 million. On the news front, CHIFENG GOLD recently released its first-quarter report for 2026. The company achieved operating revenue of RMB 3.554 billion, an increase of 47.65% year-on-year. Net profit attributable to shareholders of the listed company was RMB 988 million, surging 104.43% year-on-year. Basic earnings per share were RMB 0.52. Western Securities stated that CHIFENG GOLD's first-quarter 2026 performance significantly exceeded market expectations. The growth was primarily driven by the company's continuous optimization of production organization and operational management, coupled with substantial benefits from the year-on-year significant rise in gold prices. Dongxing Securities believes the company's gold and copper reserves continue to grow, and its expansion and renovation projects are progressing smoothly. Furthermore, following the entry of a major shareholder, the company's growth potential and risk resilience are expected to improve further. With the ongoing trend of gold prices being more prone to increases than decreases, the company's performance has entered a stable expansion cycle.