On August 7, LINGBAO GOLD rose 5.04% in regular trading, trading at 23.76 HKD/share, with turnover of HKD 259 million.

On the news front, spot gold recently broke through the $4,300/oz level for the first time since June 18, driven by weaker-than-expected ADP employment data combined with shifting geopolitical dynamics. US-Iran negotiations regarding the reopening of the Strait of Hormuz have shown positive progress, with oil prices retreating sharply and easing energy inflation concerns. The broader gold sector rallied in tandem, with Zijin Gold International up 5.48%, China Gold International up 3.4%, and Zijin Mining up 2.83%.

On fundamentals, the company previously issued a positive profit alert forecasting H1 net profit of RMB 950 million to RMB 1.05 billion, representing 42% to 57% year-over-year growth, attributable to higher gold prices and cost optimization. Xingye Securities maintains an Overweight rating, projecting further earnings upside with FY26-28 net profit estimates of RMB 2.14 billion, RMB 2.52 billion, and RMB 3.81 billion respectively.

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