CHIFENG GOLD (06693.HK) experienced a significant surge of 5.26% during intraday trading on Friday. The stock's strong performance attracted considerable market attention as it continued to build on recent upward momentum.

The sharp rise follows the release of the company's impressive first-quarter 2026 financial results. CHIFENG GOLD reported revenue of RMB 3.554 billion, representing a 47.65% year-over-year increase, while net profit attributable to shareholders more than doubled with a 104.43% surge to RMB 988 million. Basic earnings per share reached RMB 0.52. Analysts from Western Securities noted that these results significantly exceeded market expectations, attributing the outperformance to optimized production management and substantial year-over-year increases in gold prices.

Dongxing Securities highlighted the company's growing gold and copper reserves with smoothly progressing expansion projects. Following strategic investment from Zijin Mining, CHIFENG GOLD's growth potential and risk resilience are expected to further strengthen, with earnings entering a stable expansion cycle amid a supportive gold price environment. The broader context of continued central bank gold purchases and institutional affirmation of gold's long-term allocation rationale provides additional tailwinds for gold-related stocks.