Chifeng Gold's stock price soared 5.53% during the intraday session, reflecting a significant positive market reaction.

The surge follows the company's release of a robust first-quarter earnings report, which showed revenue of RMB 3.554 billion, a 47.65% year-over-year increase, and net profit attributable to shareholders of RMB 988 million, surging 104.43% compared to the same period last year. Analysts noted the results significantly exceeded market expectations, driven by optimized production management and a substantial year-over-year rise in gold prices.

Furthermore, market sentiment is bolstered by Zijin Mining's recent entry as a major shareholder, which is expected to further improve the company's growth potential and risk resilience. The broader gold sector also saw advances during the session.