On August 17, LINGBAO GOLD rose 5.04% in regular trading, trading at HKD 22.12/share, with turnover of HKD 39.38 million. The stock continued its upward momentum following a series of positive catalysts disclosed last week.

On the earnings front, the company issued a profit pre-announcement indicating revenue of approximately RMB 7.9-8.1 billion for the six months ended June 30, representing a 1%-4% year-over-year increase, while net profit is expected to reach RMB 950 million to RMB 1.05 billion, a surge of approximately 42%-57% year-over-year. The board is scheduled to review and approve the interim results and consider an interim dividend on August 26.

Additionally, the company recently disclosed a major exploration milestone at its Xinjiang Habahe Huatai subsidiary, where gold resource reserves jumped from 13.20 tonnes to 53.94 tonnes — an increase of over three times — providing substantial fundamental support. Within the Gold sector, ZIJIN GOLD INTL rose 4.16%, CHINAGOLDINTL rose 3.45%, ZHAOJIN MINING rose 3.17%, CHIFENG GOLD rose 2.86%, and SD GOLD rose 2.71%.

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